not for their retail customers what is the game of coins you know you do have these super powers vying now for supremacy in the currency markets and they were able to keep gold very cheap then trump became president and he declared an era is ation and with that comes the dollar is ation and now gold is starting to hit new intermediate 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 that coin 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 thier money will be converted into a big point the dollar the yen the shackle the draw then when they're all going to go in to big as a force is way higher as these governments topple and there's jamie diamond in the pit of his own feces holding up his equine is j.p. morgan calling him blithely masters is above him with the golden shower saying you know 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. 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 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 you know i know already j.p. morgan virus over 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 was fired from j.p. morgan fired from a blog saying company in a 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 was 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 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 the watching the

black chain is just paper is 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 c n b c he's still so frickin stupid he has absolutely no knowledge of how does this guy. want to get even more odd in case the audience hasn't seen it c m b c had a segment on j.p. morgan coyne and ross saw sorkin is their leader market economist sort of commentator and he says j.p. morgan coin is great and he says it will kill big queena 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 right i mean this guy is severely got his head up a strange friend he doesn't know jack anything severely it's horrible i mean even downtown josh brown always goes to a big conference and gets slapped around

a little bit and educated i mean he's the understand either and sadly in terms of this game of course 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 using this dual system where you have a money again corporation equaling they want i.m.f. actually literally proposes coing. and if if you're if your. citizens those bottom ninety nine point nine percent want to use cash we can devalue we won't allow them to spend cash without converting it to a 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 a. absence of capital the ordinary citizen rarely has four hundred dollars in their parking pocket for an emergency situation and now they're telling them we're going to burn that four percent at four percent a year like in your own measly little four hundred bucks buying big coin is the same as you know the idea of passive resistance i think it's called this at the right time where the gandhi and martin luther king is basically boycotting their plans cutting 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 of 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. 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 eco in 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 hotties like jamie diamond look like mother teresa i mean i've got to take a short break and when we come back much more coming your way.

countries gone into a nihilistic fever. thank god. and the traveling across america what makes america to show the genius. american hero this is a point. we always are just a. culture. we're starting west with. we're going to head east into the swamp we're going into the belly of the beast i think i want to leave now never getting more ground down and then you may be pleased to mr. oldmeadow sixteen months honestly did you know.

by the summer party. isis fighters. no boarding a philippine naval ship. by the way of the not for me ned sounding name on a team that lasts. just told us still don't know what's waiting for them. it says it will. be near my family and the chief of. staff. was how can i pick it out on. a man after my son. war. join me every thursday on the alex salmond show

and i'll be speaking to us from the world of politics sport i'm sure. i'll see you then. from i am mostly the source of all biased because of the slime view or smear the focus on domestic abuse that e.j. . pointed to what. you see in the draft almost never has been for the most good number the.

young woman locked up the morning i am not. insane when you don't let us. know what is. my thought of who is the liar who will accept the idea of course this will be ocean without by this he knows that on the board of the six the seven was there was about as its covered does all we are going to be slipping i underline the snipping and go one step theology and i underline the ality which means that we will be living living in a defined goal one this did situation therefore to slide with find itself neither the jewish as they claim nor the local i think as their claim.

welcome back to the cause 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 big quaint back in two thousand and eleven when it was a buck and now we were handed the lightning torch 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 community right bravo and you know this isn't a start moment you know and the government of spain recently said the coin is not fit for transfer payments right so they don't know they're talking about either and they say layer two in the scaling that's going on because in the lighting network shows it is suitable for payments or better than visa better than mastercard and all the scaling that we were talking about for the last five or six years is down coming to fruition all the people who jump the gun. scaling faster if we're going to fork like roger bear with going or fake toshi as his all his mental breakdown

recently is continuously nervous breakdown is not proposed to the actual reality of it going into scaling brilliantly and it softening censorship resistance you know that's the key especially for journalists out there in the world who are being censored and those who are looking individual sovereign say also need such a ship and we go to the moon with big plane and this is why whole lot has. astronauts helmet on 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 of 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 liz of a stark of lightning labs who created you know who's behind engineering like lightning network there's melting do mirrors and there's john from

a bit refill it's over i'm sorry you know and so inclusive it's all happening so let's turn to the night we received the torch it happened very late at night and this is also receiving a tortious is what happens this is how that process when we were going to be receiving the torch this exciting. part of history. you know going to torch going right where you want to. tray so there's the transaction receiving late new payment four point zero three three four. hundred and one thousand not only. speak. to the actual nude that we're sharing. if you open it direct you know it with us elaine us attorney. here it is and

she's got quite three three which is the torch handed to her. and we've got point zero three one seven on our side i learned that i haven't actually need to put that there but is there maybe to send awesome let's get chatting and i think i'm going to go over to here. and tell her. you know that i'm ready ok ok we're ready already we're on line or on line she's saying yes let's see what happens i don't know you know your everybody's 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 being sent this outer space into satellites and lightning that is spreading all over the galaxy you know this is the current state of things where is jamie dimon is just catching up to

block in the ten years find watching him to go ten years finally they catch up to where we were ten years ago nerdy light years ahead. literally like nine years ahead. where is it where is it. i can be doing this all completely wrong these are the rescues and 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 massive studies you guys report john never ends never stops is cute guy non and again i like it ok it still says receiving obviously has not arrived he has

lightning payments are instantaneous. torched looks like and zeros and ones you can say. yeah. yeah that's it if they could say that but i think a less of a star probably just threw up a little bit in the back of your throat. but that's ok. we want to gather news following krypto springs one of the. better the sultan was privately launched the group just brings last year and now it's like coming to fruition issue for input as such oshie run have going to get the senior citizens from our friends and we can say oh you know it all for how many ask we get there in the course of the years from the fifty thousand of these stories that they're all dolphin hope morass of scripture that i have teachers 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. elaine so to shape a rule never no growth right 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 relying 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 the 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 lighting networks 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 movie when us. back in what do you think of that hash tag reckless stuff that's brilliant i find you more bad i don't have a little bit more to say where did that come from of course for our listener star who is a bottle showing all the block stream sorts who are like sending lightning straight away while i was still. reckless use like you're going to lose either way. now everybody says they're reckless tonally reckless i remember them you know there was some history by speeds and with that i think it was a pizza and shoes like not really well it was a t. shirt money too sure it was a t. shirt from black saturn five rocket most of my muffin 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. and say ok let's see if she's. ok get it fixed

that like right there for you in the cycle of the macy's day parade in the sun crewing from the home you know float to the still floating shares and tweet it yet . says you know it's like midnight here or i or are they learning that we're parades and smacks and seriously for cars a report of just waiting for the mickey mouse alone 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 so i get jeremy on the phone now being compliant now before they're ready or call customer service right now this is for now acceptable i mean jamie don we can do better than this you know again we have to find jamie diamond now he just figured out that there's a thing called the currency and he's he's lost jamie coing. the evil

force of the dark army we all saw that and wrote mr robot and wife. dining is invalid right mr robot right now you have a combination of mr robot abdel yes yeah slick willy of science back with your hat on really yeah thanks looks like a lizard oh yeah this is like can't. tell you it is a. this is mr robot this time is he calling me. i'm going to remember who i am i think dialing the phone who's at the door now is this is what i translate thing i enjoyed taking the lead we took there is still from following me are. you guys really bad that there's nothing like las thank you thank you. six hours to where is where are you. turn. right welcome goofy's oh you received it

i know my dad. that i owe you our i was told this first second yet you have all the camera got it don't put your fingers in for the red no ok i'm going to see today ok l. and trust chain received this is by saying thank you alina. ok. now we're going to send it either goes to malta. or france from the oh oh oh oh oh oh i mean that's right depending on whether france. or francis because you know you can't wait with people get really angry. within a few seconds yeah well i mean if you can be in the canada you know to see france

of course that begs the question who's going to win the stanley go that's 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 again toward it keep it going sit up for twenty one days . until you let me sorry we've got you know you. know. right now it in taken hostage but it was an historic moment one small step for life in that works one huge enormous leap for bitcoin and the adoption of globally around the world. and that's going to do it for this edition of the kaiser report with me max hazare and stacey ever to thank our guests had a lot sort of if you want to catch us on twitter it's kaiser report until i sign.

so we've got to do is identify the threats that we have it's crazy. let it be an arms race. spearing dramatic development only. i don't see how that's. strategy will be successful very critical time to sit down and talk. i'm just not up i said. and.

so there are a lot of bills. and they have a mission but then. the moment the modern i don't want to go about. something on the. phone. all of a shuffle stemming with. a little warmth and you know. as far right parties obsess about the danger is them presents to the western

lifestyle some islamic scholars are concerned about the opposite oh no it's been gone the day of muslims don't step up their game within the next twenty to forty is islam they vanish from europe all those fee is really just to find. we came here where did you work before you came here what did you live. there. any u.s. states capital punishment is still practiced convicted prisoners can spend years waiting for execution but most of the time the victims' families they are very much in favor the death penalty there are some people because of what they did have given up the right to live among us some even proven innocent after years on death row and how many more exonerations is it going to take before we as a society realize that this is not working and we actually do something about.

the. rioters towards vehicles on the venezuelan border with colombia and trying to break through military barricades of the president maduro cuts ties with book go to accusing it of fueling the standoff over u.s. aid supplies. more than eleven thousand yellow vests purchased this flood the streets so france yet again for a fifteenth weekend of anti.