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 the 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 bridgeboro in ceremony as they are going to analyze how global unrest may have been beneficial for a growing cryptocurrency sector. we have to remember that krypto was born in this exactly this kind of unrest it was 2008 when the white papers were these 2009 january 2009 when the big client was released to the world there's a lot of incredulity of the time but smart people got in on it and you know 5 years later started looking pretty awesome now here is 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 independence or of wealth and i think because as is becoming the big question another crypto currency is also you mentioned venezuela there are many many different cryptocurrency 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 something like a private cryptocurrency a global basis is good with the future of medium of exchange and for value around the world. as well as a doctor 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 years and years of bad monetary policy collapsing currency and financial inequality as 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 us 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 targeted 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 are 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 on the country and to 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 because they are becoming so popular. how do you have all of the sudden. well it's going to be on ramps and they say on ramps and they are fabs that are a problem there is 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 a 2nd taxes they can regulate 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

meal needs and divide up a permanent sort of wealth and that's what's very interesting about this current dynamic between governments in the banking system on one hand and crypto on the other is more and more people are being incentivize just to get into cripples for their asses in the 1st world you see in the countries with a lot of political instability kristie it's not that it's a about the. yes we actually seen this happen before in 2017 china actually bankrupt our currency and then also around the same time india also tissue 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 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 2017 and yet china has remained the undisputed leader in the quote mining china is also the leader 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 technologies we've seen that as law jews have access to an internet crypto currency and watching 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 while way into the mix is the u.s. . falling behind on this. has been it's been going on for about 5 years so you have

to slightly roll back and understand what happened when because it is 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 the story that 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 seeing growing fights over this in the u.s. and i think the days of laissez faire in the u.s. and in 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 distractions 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 a global macro look to be increasingly dismal krypto enthusiast and hog those are main unbased this year's volatility in the market is short term when the real value is in the network and it's growing cash rate their transaction 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 big point has more than doubled its price what other asset class has done that legendary investor roger bear is the founder of big coin dot com and is absolutely relentless in her. 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 those with the 3 big white as a transactional currency rather than just additional 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 industry. and today has roger very chairman and c.e.o. of make wine dot com the 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 hash was all done and over and now there's 2 versions of bitcoin there's big cash and the coin core because the 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 that's mind busy promoting the clean cash today i wish

the big concord 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 and decline cash you don't have to be a rocket scientist or an economist to figure out which one of those 2 versions of bitcoin is going to be more popular in the long run and i hear that you guys i'm now moving into trading and they can cash derivatives. we've started that process they haven't gone live if we did launch or exchanges exchanged up because dot com just earlier this month so anybody anywhere in the world can trade a bunch of different groups or currencies with any other one but even more interesting than that we launched in june local dot decline 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 a local topic where 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 topic on dot com i know

you love because you said that you like anything that works so what else works i think there's a lot of coins 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 you still have 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 big cash its network effect is growing every day and every weekend more and more stuff is happening but i like dash i like cash i like to see 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 sinai are involved in a lot of projects which projects i am 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 2011 when i entered this space and that's what i'm so excited about today because if you can enable people to be able to frictionless least in 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 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 because cash today completely agree and that entire process was completely fiction and now it's amazing how the 1st barrier to actually converting this paper money into currency in the 1st place and that's like one of the huge veriest entry how do you anticipate on something local that 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 someone will still holding the cash 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 at the. 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 us 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 and unless it is you know some massive exodus where which country to 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. where you are 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 player shares that are able to receive dividends that's amazing in the history we've had dividend payments and we've had anonymous fair share and i don't think in all of human history we've ever had anonymous bear shares that we're able to collect dividends that now exists 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 less secure but you have to say about that i think security tokens meaning like financial securities and security as in security from hacker exactly are 2 different things 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 all 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 blood draw your money back to your own wallet what 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 thank you so much bank manager. it's on 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 kristie spoke with investor and author jim rogers to discuss his skepticism over the growth. and what trends can we look out for in 2020 kristie they're going to talk about that.

when you. look at. the book. but. it's going strong. still. there's. just too little.

time to report the 1st episode of 2020. days you're ever going to have some really special guest dr michael hudson you know back in the seventy's 970 s. there is a movie called death wish with charles bronson remember that i remember that we could do a remake of the you are the star you play the charles bronson role as called dead way. and you're a vigilante banker economist's that goes around new york blowing away bad yet we think i love it ok. but if she warned you and i do. at the baltimore loose. speech and

she me you. know when you. mean as i mean that in fiction ball. was it parts of. the. cabinet 5 days doing it so. maybe a. little.

and welcome back well no secret here we are advocates of crypto currency 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 to put it nicely all in singapore kristie 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 in 1908 we had wall street they actually bailed out that one of the main hedge funds back in the days of 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 they were also on the bank and so now in 201-820-0100 extension 0 with all of these banks now pumping money and now in massive debts who will bail out the central bank when it comes time. it's

welfare for the rich you know if you're rich they want to you need help and you call up the central bank and you'll say it's western civilization you must save me the central bank doesn't want to better their bureaucrats and academics and so they'll save their friends or wall street if you're a problem or 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 to cause a big rally but that won't decide 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 to one of the central bank would be the worst but a bear market in my lifetime and over the year when i'm older than all it will 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 is. 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 is 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 that says central banks . maybe. 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 then we go back to something such as the orderly pivot towards something more modern such as crypto currency 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 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 asia jumping on board and you see the central government such as sea diving into currency and trying to put the yen on the digital ledger i believe the singapore government is actually looking into that as well so why do you think that . what you're trying these money is on the all money is going to be on the computer there's no. question about that yeah if i was in beijing the other day

tried to buy ice cream poor woman couldn't say i had money. and it had to be. i wish obama or say something no one is going to be on the puter it already is in places but that's different from crypto currency you know crypto currency is not backed approved by anybody except maybe you in the 1930 s. . before that people could use anything for money they. 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 but execute you so people stop using all these other things. i could bring the money. the crypto

were smarter than the government and they are you 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 and so 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 or some other very well countries where there is huge amount of political instability there are actually currently using decline places like argentina venezuela they are using. that simply because the military the government actually can't back up their currency so through that i think the currency world has taken it by the grassroots and will spread 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. i happen 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 i couldn't even buy an ice cream in beijing if the electricity goes down but she will take my silver coins when i go to a place more trust in physical gold and i have more confidence in. crypto currency that i do a fair amount of gold and so yes what about the recent one about the recent thing that came to light about the fake call now infiltrating the supply of the gold circulation and about that all seeming that the authorities have absolutely no lead on who is doing it how much all that actually is in circulation right now that's one reason that when 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 discounted people steal from the wallet the big point of

cryptocurrency was you think it's easy think it's easy making money in 2000 and. 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 would take a few minutes to chat about what we're looking forward to seeing in the sector and 2020 and what about so i know 6 the 1st thing where that everybody's going to look forward to is the having the big quite 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. 21000 that was supposed to take place and it's kind of been. normal 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 law. a 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 gene 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. i mean i've called voices right which is their version of facebook and it's blog chicken based and it's backed by crypto currency 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 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 storage decentralized storage is something that people haven't really talked about we always talk about supply chain and payments and moving things in that and 5 the how it's really about ownership and but what about storage the centralized storage i think is something that's going to huge because when we think about how computing all these industries are currently built in cloud computing and those costs rack up it's amazon's biggest money maker someone start talking about the centralized storage like 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 decentralization 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 there's going to be a switch from cloud computing into this mist kind of computing interesting buzzwords that said by this time you can catch a boom bust on directv account 321. network channel to 80 or is to me 247 but

a d.v.d. of a t.v. ad held his emmy night or as always it is up to you. are to see him next time. same wrong. just don't. get to shape our. culture. and in determining the trailer. one song many find themselves worlds apart. she still looks for common ground.

join me every. time i'm sure. i'm sure i'll see you then. on this edition of questions for you with the viewers we received quite a few questions here we do our best to answer some of. the.

$750.00 troops to iraq to hundreds of protesters tried to storm. in baghdad. and you've. been seeing in. the us. i. protested. for new year in hong kong where riot police.