and you know that. they. are this is a boom bust broadcasting around the world and covering all aspects of our global economy in the 21st century i'm been sworn and i'm christiane washington we have a special shout focusing on crypto currency has what we have. as political turmoil rocked government and paid for currency crisis our citizens trying to cut down dig into the details but one thing up while we have a chance to catch up with legendary laughter and catch up hiding out rockers back

to discuss the fate of the world's most popular. and well we didn't look at the positive growth of cryptocurrency not everyone is on board while in singapore because he spoke of the best are an author jim rogers to discuss his skepticism over the growing class. thanks for being with us today a lot to get to so we begin here. over the span of the past 2 years we have seen turmoil gripped several parts of the globe from hong kong where months of unrest have shaken what was a previously financial haven in east asia to iran and venezuela worse asians have taken a toll on the economies of those nations and because of the rise of the upheaval in those countries we've also seen a boom in big coin mining and the use of crypto currencies in order to circumvent financial issues jeffrey tucker of the american institute of economic research and christy i recently joined bridger born ceremony as they are going to analyze how global unrest may have been beneficial for a growing cryptocurrency sector. you know we have to remember that crypto was born

in this exactly the kind of unrest it was 2008 when the white papers were these 2009 january 2009 when because it was released to the world there's a lot of encourage you it is a time that smart people got in on it and 5 years later start looking pretty awesome now here's 11 years later later yes it is now a safe haven for the world and you need you need that you know we've needed it for a 100 years ever since the governments around the world took over the banking system and put in question whether or not we really own our deposits we need some independent sort of wealth and i think because i am as as becoming the that is because in another crypto currency is also you mentioned venezuela there are many many different crypto currencies that are being used there are now thousands of them and they're all fungible one with another each other it's a wonderful technology and and i personally believe that something like a private crypto currency

a global basis is going to be the future of medium of exchange and for value around the world. you know we're exactly living in interesting times someone once called it the age of rage because we have global unrest and global protests that are all stemming from bad just the years and years of bad monetary policy collapsing currency and financial inequality as carousel actually summarized earlier so this created the perfect storm for just a huge disruptor like bitcoin to emerge as an equalizer for all the citizens who are being affected so when there's unrest when there's uncertainty people want to regain some semblance of control and crypto is the big equalizer here and something that happened really recently was malaysia last week the u.s. told malaysia that any iranian citizen cannot have a bank account you need go out and close all the bank accounts well how is that fair this isn't a target. added they're not targeting any government entities this isn't targeting

any terrorist financing ordinary citizens are now being affected whether you're a student you're a farmer you're a construction worker every single person every single iranian citizen living in malaysia not even living in iran is being affected and now they have no access to capital markets they have no access to banks how is the city how is someone living in malaysia supposed to survive if an entity such as the u.s. can come in and strong arm the country into shutting down your bank account well like you said kristie a lot of these people are now relying heavily on these crypto currencies but could countries really ever block the use of them the because they're becoming so popular . because of how low the. well it's going to be on ramps and they say on ramps and they are fabs that are a problem there's absolutely no censorship in the network itself so if you own crypto you can pay with crypto you can own a transfer and that's one thing but if every tried to move in and out of the

national currencies that's where governments become very significant they can they can ban and say can tax it they can regulate it it's they can regulate the exchanges and i must say over the last 11 years that's become the big problem in the crypto world so it's becoming its own ecosystem and and it's really true that the worse governments get the more sense sorious they get and the more regulatory they get the more they're incentivizing people just to get into crypto and stay there to provide for their many needs and divide up a permanent sort of 12 and that's what's very interesting about this kind of dynamic between governments and the banking system on one hand and crypto on the other is more and more people are being incentivized just to get into cripples stay there and that's fascinating thing that in the 1st world you see in the countries with a lot of political instability kristie it's up to say about that. yes we actually seen this happen before in 2017 china actually banned cryptocurrency and then also

around the same time india also issue regulation to start to stop because of mining as well but ever since then the regulation in india they've been trying to bring down a new law that actually bans ownership of crypto currency that you can actually go to jail or be heavily heavily fined for even owning took their currency however despite these bans by the central government crypto currency trading has actually accelerated in india in the past month this actually came out over the past week and now that the currency trading is actually up 13 percent for the month and so this will actually affect 5000000 indians if this were to pass so even if the central government is banning cut their currencies we've seen that in china that that does not work the regulation came out in 2700. and yet china has remained the undisputed leader in big point mining china is also a believer in crypto currency trading as over 90 percent of trading activity happens around asia so even with the central government trying to quash down the tide of crypto currency and watching technology we've seen that as long as you have

and access to internet crypto currency and blocking truly makes it a huge equalizer game for ordinary citizens and jeffrey i want to actually play off of what christie just said there talking about china because they've kind of rolled back some of that now that you see the u.s. is very restrictive on crypto currency but most recently china said it's looking at implementing crypto currency on a massive scale and that would include bringing in wall way into the mix is the u.s. falling behind on this. that it's been it's been going on for about 5 years so you have to slightly roll back and understand what happened when because it was invented it was dismissed for something like 3 or 4 years nobody took it seriously and then for the next 2 or 3 years people thought well this is a tool for geeks it doesn't really matter banks are all some of the dollars awesome there's not going to be the competition but then as time has gone on we've seen that things are getting more and more serious so the us government and you can see it in the debates in congress in the senate in the house and the way the regulators

are talking this trying to get scared and panicked because of crypto really does become a big mainstream thing it disables monetary policy and it actually threatens the legacy incumbent financial powers in the u.s. so that we're going to see growing fights over this in the u.s. and i think the days of laissez faire in the u.s. and terms of crypto are truly over we saw how abusive the congress was towards as october who wanted to have a very innocent idea of starting a new currency and next thing you know is treated like some sort of criminal well we're already seeing growing fights like you said and even india has played instructions around who's playing restrictions on big coin but we'll see what happens here and continue to follow kristie i and jeffrey tucker thanks so much for your time. as the global macros look to be increasingly dismal could the enthusiasm and hodler

jermain unbathed this year's volatility in the market is short term when the real value is in the network and its growing hash rate their strength action volumes and the wallet numbers all which have continued their upward trajectory this year and for all the naysayers out there looking at the price movements let's not forget that year to date a queen has more than doubled its price what other asset class has done that legendary investor roger bear is the founder of a coin dot com and is absolutely relentless in his endeavor to promote the widespread adoption of bitcoin as a means for economic freedom roger was a key figure in the big win for can 2017 where he advocated to increase the number of its transactions the leisure can process by increasing the block size limit the argument for this was a victory bake white as a transactional currency rather than just a digital investment this comes to a head forcing the network to fork into bitcoin core and bitcoin cash with roger at the helm of bitcoin cash while in singapore earlier this year we were able to catch

up with roger to discuss the state of the entire cut the industry. i'm sitting here as roger very chairman and c.e.o. of make wine dot com is a pleasure to have you great to be here thanks so much so i think the 1st thing i want to ask you is how the hotshoe are going to house was all done and over and now there's 2 versions of bitcoin there's decline cash in decline core because of cash is the one that's most similar to the bitcoin that i got involved with back in 2011 the one that i was confident is going to get worldwide adoption and commerce and make the world a better place for everyone and that's fine there's a promoting decline cash today i wish the big point for people good luck with their coin but it's not something that's interesting to me because it's not useful in commerce the payment transactions are slow expensive an unreliable on b 2 c. they're fast cheap reliable on the point cache you don't have to be a rock and scientist or an economist to figure out which one of those 2 versions of bitcoin is going to be more proper. in the long run and i hear that you guys i'm now moving into trading and they can catch derivatives. we've started that process they haven't got an idea but we did launch our exchanges exchanged up to coin dot com just earlier this month so anybody anywhere in the world can trade

a bunch of different crypto currency as with any other one but even more interesting than that we launched in june local about bitcoin dot com that lets anybody buy or sell because of cash for any payment method in any country with anyone with no k y c required for the coin dot com so it works in every country in the world for anyone any payment method that's a really big deal and i think a lot of people are real i'm aware that that exists so local topically dot com is a real game changer hourly pay pay pal we chat duffel bags of cash at midnight any payment method in any country anywhere any amount local topically dot com i know you love a calling card but you said that you like anything that works so what elsewhere i think there's a lot of point out there that work but one of the things that's really important is the network effect and i think that's the only reason why b t c still has the largest market cap is because it has this big network effect and it's riding on its own coattails but if you look at because in cash its network effect is growing every day and every weekend more more stuff is happening but i like dash i like zeke cash i like the coin i like anything that works ripples another fantastic one if it works or if it's useful people are going to use it so

look for the ones that are useful that's the one people are going to use and i are involved in a lot of projects which project are you most bullish on i'm most bullish about peer to peer electronic cash for the world that's what got me so excited back in 2007 when i entered the space and that's what i'm so excited about today because if you can unable to people to be able to frictionless least in the receive money with other people all over the planet you're increasing the amount of economic freedom in the world and here in singapore this is one of the most economically free countries in the world it became one of the most wealthy countries in the world because of that economic freedom so let's bring that economic freedom to the entire world through peer to peer electronic cash and i think the coin cash is the crypto currency that has the best shot of bringing the most economic freedom to the most people around the world and that's why i'm so excited about the coin cash today completely agree and that entire process was completely fractious and now it's amazing how the 1st barrier to entry. actually converting this paper money into currency in the 1st place and that's like one of the huge barriers to entry how do you anticipate a local doubt because dot com any payment method in any country for any amount you

can buy or sell big cash with it right now today check it out but some will and still holding the cash you have don't be the bad holder holding us dollars or euros or that old traditional money going to your crypto currency today because it works better and if i have i have some paper bills in my pocket right now i can't send them to somebody else on the other side of the planet i can even send someone on the other side of town with cash i can literally send it from here to anyone anywhere on the planet for a 10th of a penny instantly just like that with with no permission required from anybody so right now in the u.s. cracking down on the regulatory do you see them falling behind in the global scale in terms of technology and tech and everything and what's your opinion about that the u.s. is falling behind on everything the more friction you put in place to progress the less progress you're going to have in the u.s. is doing a really good job of putting up all these barriers to the advancement of humankind and that's why we're seeing so much stuff happening outside of the u.s. more and more and it breaks my heart to say that a son who was born and grew up in the heart of silicon valley but man if you make things difficult for people to do things in demand and it is you know some massive

exodus where which country you do what you want to do i wish i could say that there is one promise land where everybody can go and do anything that's peaceful that country doesn't exist yet but lots of countries have lots of things going for them and of course singapore is one of the ones that's one of the most economically free countries when it comes to financial things and businesses but man don't have any chewing gum here or don't try smoking a joint you're in a world of a world of trouble whereas in california you can chew as much gum and smoke as much dope as you want but if you try and start a business doing those things there's going to be all sorts of red tape in regards to it so i guess you have to figure out the things that you're most interested in your own personal life and then figure out the part of the world that suits your needs and your wants the best and move there all right so what where you what are you working on next i'm really really excited about bitcoin cash based tokens you can basically have tokens on the big chain. that function like anonymous shares that are able to receive dividends that's amazing in the history we've had dividend payments and we've had anonymous barrow shares i don't think in all of human history we've ever had anonymous bear shares that are able to collect dividends

that now exist on big point cash and so it's a really really really big deal that's amazing and one of the big one of the big criticisms against that was actually the security aspect of it that it somehow makes a token lesser care but you have to say about that i think security token meaning like financial security and security is in security from hacker exactly are 2 different things so my advice to everybody is hold your own private keep yourself keep your crypto currency yourself and then you're at nobody's mercy but your own and the big dot com wall of course is a fantastic way to do it but that's true in any case if you're using an exchange it's ok but put your money and trade boudreaux your money back to your own wallet which you control the coins yourself that's good advice and all these big hackings we've heard about in the cryptocurrency ecosystem the past those only happen when people are trusting their coins with somebody else if you're holding your coins yourself you're much much much safer against those sorts of things your passion is astounding i love it roger very thank you so much thank you mr.

watson now for a quick break but hang in there because when we return what we tend to look at the positive growth of cryptocurrency well not everyone is on board well in singapore spoke with investor and author jim rogers to discuss skepticism over the growth. and what trends can we look out for 2020 kristie they're going to talk about that.

when you. look at it is too close to the book. but. it's going to stay with subjects. just for. and welcome back well no secret here here on blue bus we are advocates of cryptocurrency and the brave new world of the fords but not everyone feels the same

way we do in fact. in the traditional investing world don't really see the viability of the world's fastest growing asset class that's to put it nicely right now in singapore christie had the opportunity to sit down with world renowned investor and author jim rogers who does not feel the same way we do the 2 start of the conversation though by talking about the troubled state of the world's central banks take a look. take a look back at history of quick in 1980 we had wall street they actually bailed out that one of the main hedge funds back in the day which was long term capital and then we had in 2008 as you point out the central bank they bailed out wall street so we have a name and brothers and that we had all men on j.p. they were also on the prank and so now in 201-820-0100 extension 0 with all of these banks now pumping money and now. massive debts who will bail out the central bank when it comes time well it's welfare for the rich you know if you're rich they want to you need help and you'll call up the central bank and you'll say it's

western civilization you must save me the central bank doesn't know what it better there bureaucrats and academics and so they'll save their friends on wall street if you're probably more into lido and you call up the central bank and say you've got to save us they won't take your call so yes the central banks and the government to some extent have some power left and what will happen is when things get really bad then the central banks will try to do something because a big rally but. the market's going to say we don't care we're not playing this game anymore and that will be the big big big collapse and it will be one of the central bank would be the worst bear market in my lifetime and older than you and i'm older than all of it so be the worst bear market in my lifetime in your lifetime so do you think that there's something inherently wrong with the current monetary policy if you do see a day that the central banks can. of course there's something wrong what are you talking about i mean these guys are pretty staggering amounts of money debt all

over the world are skyrocketing 2008 we had a problem because of too much debt oh my gosh since then the debt is going through the roof everywhere nobody has practiced austerity they talk about austerity but they haven't done anything about it no no no there's no law this is central banks. maybe the prop themselves up the just print print print print print but that's failure because if the currency goes to nothing or goes down a lot you and i are not better off so it's a lost of confidence and money so where does that leave us do we go back to something that has the or do we pivot toward something more modern such as. well throughout history when people lose confidence in governments or money. they've always turned to gold and so it doesn't matter whether they should or not they always have and they always will or already turning to crypto currencies crypto

currency is are all going to 0 in the end in my view but some people who are rushing to them no. fun but they're in my view i rather own gold and silver because it thousands of years of all of us who bought gold and silver when things go wrong. actually i have a different opinion i do believe that. gold and that is the way of the future good coin is the one bit coin institutional gold the correlation right now between bitcoin and actual physical gold has tripled in this past year especially now you see all of a shopping on board and you see the central government such as people see diving into currency and trying to put the yen on the day i believe the singapore government is actually looking into that as well so why do you think that. what you are trying these money is on the all money is going to be on the computer there's no question about that and yet if i was in beijing the other day tried to buy ice cream poor woman couldn't sell me i had money. and it had to be done this year i

wish obama were say something money is going to be on the puter it already is in place but that's different from crypto currency you know crypto currency is not approved by anybody except maybe you in the 1930 s. . before that people would use anything for money they wanted. gold coins you could print their own money and people would take it so you could use anything but then the central bank in england which was the most important the world the bank of england said from now on if you use anything for money except our currency it is an act of treason you know treason may say they execute you so people stop using all these other things. i could bring in money. crypto we're smarter than the government and they are you are certainly smarter than the government but the government has the guns and the government says you're

not going to use that stuff anymore you're not maybe you are most people are going to stop because they know that guns are being hanged for treason is not a good experience i think that's a very fair point that right now money is just primarily backed by military might but in certain countries right now such as south africa some other very well countries where there is huge amount of political instability there are actually currently using decline places like argentina they are using. simply because the military the government actually can't back up their own currency so through that i think the currency world has taken it by the grassroots and will spread it through it that way so do you think. the things you said are actually correct but more people in places like that are using gold and silver. in places like. to be there recently trying to figure out what's going on you know if the computers go down or

if the lead tricity goes down which usually happens in places like this what are you going to do an ice cream in beijing if the electricity goes down but she will take my silver coins when i go to her so they still place more trust in physical gold i have more confidence in. crypto currency as i do on a fair amount of gold and so yes what about the recent what about the recent thing that came to light about the fake gold in the supply of the gold circulation. that the authorities had absolutely no lead on who is doing it how much gold there actually is in circulation right now that's one reason that i buy physical gold i prefer to buy gold coins because it's less likely that they will be counterfeit. but you are correct but. paper money is counterfeit bitcoin is counterfeit is people stealing from the wallet the big point of cryptocurrency was you think it's easy think it's easy making money in 2019. you're not or you're showing your age

it's always been difficult and it's going to continue to be difficult you have to be careful about everything. and that the implementation of blocking technology continues to ramp up we thought we'd take a few minutes to chat about what we're looking forward to seeing in the sector and 2020 and what about you because to go ahead so i know the 1st thing where that everybody's going to look forward to is the having the quiet having that's going to be the forefront of everybody's mind because we expect to see an exponential ramp up somewhere to every other one that we've seen so far we expected later this year but so far in december it's hasn't panned out yet yeah in 29000 that was supposed to take place and it's kind of been abnormal to not see it happen you know i think the other thing that's exciting going into 2020 is obviously that you know there's been a lot of talk obviously the last few years about emerging coins but i think there is something else that's taking place it's a little more interesting than that and that is the application of block chain

technology into other avenues other platforms right now especially competing platforms to the tech platforms like facebook and you tube and google so for instance you know has this new site have enough called voices right which is their version of facebook and its blog based and it's backed by cryptocurrency and it's backed by decentralization is the idea behind it and so we've seen that already with mines dot com we're seeing it with some of these others like the tube but no one's really pulled it off quite yet 2020 could be a very interesting year to see some of those technologies really take hold because i think that's what a lot of the cryptocurrency themselves are lacking is an actual application in real world scenario yeah we've seen them starting to build this entire network up in 2829 and it takes time to scale out it does hopefully we will see the implementation start. to actually met her in 2020 and there is a lot more stuff other than payments that we're looking at as well because there are things like source decentralize storage is something that people haven't really talked about we always talk about supply chain and payments and moving things this

and that and the part of how it's really about ownership and preservation but what about storage the centralized storage i think is something that's going to huge because when we think about cloud computing all these industries are currently built in cloud computing and those costs rack up it's amazon's biggest money maker i want to start talking about these centralized storage like s.d.o. r.j. things like that those companies are making decentralized storage much more affordable for growing and start up and certainly when you see companies like amazon and microsoft that control cloud computing they also control the information that sits within those systems the centralization takes that power away just like it does in these other scenarios as well as social media companies i think it's what we're really seeing 2020 is moving from the back in the blog chain now to the front end of the business for blodget so it's going to be a switch from cloud computing into this mist kind of computer that's interesting buzzwords that's it for this time you can catch a boom bust on directv account 321 dish network channel to 80 or is to me 247 of that a d.v.d. of a t.v. ad or as always it is up at youtube dot com boom box

r g c m x. and we're going to fulfill that purpose is probably to the people come on you know we've got the truth. the title.

pretty good. now you want to 1st correct that. no. bull. coming. today there are good terrorists and bad at it is the bad news in yemen the united states deems to be a threat the good those who work in syria the cia and the u.s. military were engaged in covert actions really throughout the world. where they were assassinating populist leaders they were backing up right away military juntas funding an army of death squads there's no any more because there's always

a small. really good. profit. the u.s. is deployed $750.00 troops to iraq after hundreds tried to storm its embassy in baghdad also to come french musicians become the latest fashion in the country to dime tools as part of a general strike against the macro government's pension reforms and. i. i new decade has started for most of us will be looking at how cities across the world and seeing in 2020. good morning you're watching.