500 years because it is the solution of because it is a way for everyone in these countries to regain their sovereignty against the doors of money and that's why you see the adoption rates in argentina venezuela mexico skyrocket of bit coy because they realize this is karma this is karma now the money pushers in washington and they're the ones who are going to end up at the bottom of the ocean and we're going to rise up well the credit he said or is that rule us now have an unfortunate future just like the spanish conquistadores did as well i reckon and for the same exact reasons and we'll get to that by the end of this episode if we get through this episode because you know montezuma's revenge is also a thing and it is coming well you know looking at this bar they show that a new chemical analysis of a large gold bar found under a mexico city street in 1981 has shed light on a centuries old origins as mexico's national institute of at the policy in history

announced last week the precious metal was probably dropped in a canal by spanish invaders as they retreated from the aztec capital of tentative. i'm sure i'm not pronounce an aztec word right but on june 30th 1520 the new chain trieste day or night of sadness so that was the one night of sadness where cortez was forced to flee after the spanish army actually came to arrest him and then he was forced to flee when the aztecs attacked as many slaughtered many people slaughtered the other indigenous people around here the other natives who fought against the mountain zuma as well but i say that we have this credit can decent kisa doors who have taken our wealth since 1971 through this magic act of swapping out our gold backed international settlement layer as all fiat's so they can take whatever because they uniquely have the asymmetric information of how much credit they're creating and how my. wealth there actually taking so we've had not

a note a trace they not one night of sadness not an on yo trace they not a year of sadness but we've had it they kata or those they caught has or trace they got is which are decades of sadness because i was on confiscated all my gold they can pick up and run away with it that's why because it's a period to gold on that level it's also as you point out the gold back settlement layer that used to be in place has been ripped out by the money case the doors on the subtle banks you don't need a settlement layer because of decline the transaction is the settlement that's the genius of this hardest money ever invented or created ever in the history of humanity it's also highly divisible it's also fungible and it is superior to gold that's why people in these in this region a lot america if i have had this $500.00 a year it's aster fee if people are constantly stealing their wealth same thing in africa that's why adoption rates of decline in africa are up as well because of the

countries the doors or the neoliberals as you call them down america they've come and they steal your wealth well with because it is on confiscated all but they'll be left holding the sea out back so the joke is on them it took 500 years but the joke is on them the credit and fiat's doris are able to rule for a longer time because it's such so much more benign i mean cortez had exacting kill and take visibly people could see he was just taking your stuff the fact that it's so much more benign and that you can't really see that you think you're participating in a capitalist economy and it's up to you to compete with this next chart however shows that in fact they're starving you out so in cortez surrounds the city how do you isolate them how do you weaken montezuma well you prevent any food from entering you starve them outright you surround a country or a region and you starve the people out while here in. credits that or system will

see that they're choking out the credit system with this charts the decline in the velocity of money post g f c the global financial crisis has been remarkable 3 decades of a sideways trend 2 decades above trend and now a decade of utterly falling out of bed we had a brief post crisis bumps and at $272800.00 tax cuts then we bomb but otherwise straight down this is a chart of money circulating throughout the economy you want money to circulate throughout an economy you need money that is the gasoline that's the energy for this is them here's all it during your years in wall street in the eighty's and then this is during the ninety's when there were who rod days you know everybody was getting wealthy on the stock market not just wall street but it was a load of ordinary people this was they were spending money they were buying cars they were going on vacation here's the collapse and the velocity of money that's them choking out there basically the people they're conquering yeah i think that's

a actually analogy are basically that the general economy the real economy is being choked out there not allowing money to circulate it's not allowing it to multiply the multiplier multiplying effect as it's called in economics they're not allowing that to take place they're simply printing it and it's going into silos of people who are buying you know you've got basis buying a house in los angeles for 125000000 you've got 10 griffith. capital buying a new york for over 200000000 so all of these people are essentially the beneficiaries of this choking out of the multiplicity effect in the economy by simply in the case of hedge funds and 10 groups who by the way as ben bernanke the former fed chairman on his board and others advisors they just have a pipe going right into the fed and the money goes into buying these over inflated properties it would be like putting in a pose of the gas tank and say if siphoning off that gas tank with that and then of course the car can't go because you've just siphoned off all the gas but. more than

at least they spent $135000000.00 on a house and there's some construction workers there's builders there's a real estate agent who collected some money some a banker who took a fee from it. they're essentially hoarding it jeff bezos has over $130000000000.00 and it's just sitting there you can't spend it how many $135000000.00 homes will he have to spend he probably would have to buy one every single day for like a 100 years in order to spend that money at least that is circulating but this is you know you look at mike bloomberg that i was worth $3000000000.00 in 2008 at the beginning of this this this bum and he was worth 3000000000 now he's worth 60000000000 maybe even up to 80000000000 is hard to know so where did that come from how is it possible it didn't work harder was he suddenly making more from rents from his bloomberg terminals no it's it's the printing money for the fed and hoarding it that they get to keep it all none of it circulates crashing the rest of the economy that's elevating their share of this mike bloomberg go from 3000000000

during to 50 or 60000000000 in an era money multiplying effect has crashed and has no velocity whatsoever that was a possible unless he's just got a type and the money just goes into his pockets which is the same which is exactly what happened we have the equivalent of montezuma's revenge not only with big coin but the fact that they're running out of ways to well this is also going to harm them because their credit conquistadores so the collapse of the money velocity but also the collapse in the ability to push more credit steal our wealth and most importantly our sovereignty currency experts fear i am no longer has fire power to act as world lender of last resort so remember the whole theory is that once we run out of dollars and euro is in yeah and you and credit will just roll it up into a new fancy crypto version of the s.t.r. the special drawing rights issue by the i.m.f. well central banks the last control. all of the mobile liquidity the dollar rise

international financial system has become treacherously unstable and vulnerable to a sudden reversal and capital flows yet the international monetary fund is the diminished force and no longer has the fire power to act as the world's lender of last resort in an emergency that is the stark conclusion of a g. 20 task force of leading currency experts don't explain something so this 10 year period of 0 money velocity or money has gone directly into the pockets of the few oligarchs and countries of doors in america and around the world into these silos like these $125200000000.00 properties when they when the infrastructure for that starts to crack and the liquidity starts to seep out you get inflation for real for stuff like food and we're seeing this happen now where people are noticing that the cost of everyday living are starting to spike higher so even though with most people who are pawned off by a cheap flat screen t.v. and cheap gas once their cost start to go up 5060 percent

a 100 percent for basic sustenance of life. then we're going to see some action baby a well i want to say you know again going back to the star and the credit cookie series and if you don't feel like you're in the aztec people that have been surrounded by cortez and slaughtered and they got their revenge back of course but he here this is an economy a fiat's economy especially cannot exist without circulation of capital this is the capital not circulating therefore this isn't that that was the end of capitalism that's when the cookie story is one that's when this is that that year 1989 to 2000 was when bill clinton handed over our capital at our capital for real the equivalent of of montezuma being captured by cortez that was bill clinton giving the bankers giving the compiz to doris giving them the commodities futures modernization act which. allowed derivatives which is the form of stealing our

wealth and also the glass steagall which allowed basically that their speculation to be backed by the conquered people write well the only model that is comparable in history would be able ism that's when the money completely dies and you just have people living in castles us with. stay tuned after the break much more coming your way. what politicians do something to. put themselves on the line to get accepted or rejected. so when you want to be president. or somehow want to. have to go right to the press as a white woman for 3 of them or can't be good. i'm interested always in the waters

of the house. and ask questions. is your media a reflection of reality. in the world transformed. what will make you feel safe from. high salacious whole community. are you going the right way or are you being led. to direct. what is true what is faith. in the world corrupted you need to descend. to join us in the depths. or a maybe in the shallows. i

can show you my faith but i'm going to teach you must door in 9093 this man was sentenced to death they could charged with capital murder even though he didn't have the gun didn't pull the trigger didn't intend to kill anybody imagine living in your bathroom for the week with the son of a 23. i felt that i deserved to be but did abby to be. confined within 4 gray walls he fights using hot turn on to help him to leave this room. bob dylan once said money doesn't talk it screams former republican new york city mayor michael bloomberg is proving this just the sheer force of blobfish spending has made him a serious contender to capture the democratic nomination are we experiencing peak trauma arrangement syndrome.

welcome back to the kaiser report imax keyser time now to return to our conversation with does a great guess is the director of block chain land which is part of the mega talent land event coming up in april and guadalajara max and stacy will be there tens of thousands will be attending and how do people get tickets to this yes we're expecting this $70000.00 people who the event breaking less years like of 62000 they can buy tickets in talent dot net talent network so they can buy at the regularly through our web page they can also see the speakers they can also see our communities or allies also if there is someone that has a start up they can register we have an area course start up garden which is for

startups that are in early stages so you can showcase your startup over there and we also have open spaces for community so also if you have a community we're open for registration there is no cost and actually we give out some scholarships or entrances for people that scrape so yes this year we are expecting the $70000.00 people from the $13.00 to $17.00 if a pro in well that how the school may he go in which max and stacy are going to be with us in mainstage and also in biloxi and what part of mexico 11 am a while i love how to school me it's like an hour flight from here from mexico city they probably get there faster than i could learn how to pronounce the weather know how to. do it now i want to pick up on what we were saying kind of in the last segment and talking about the new government and the challenges of the new government which tends to be a left government and then you know the challenges of having an entrenched a look up list banking system everywhere in the world not just mexico but everyone

in the world and then this emerging technological phenomenon. which is increasingly being powered by a bit coy typically it is the hardest money in the world because it has a sound governance system built within the protocol and like we like to say you know you don't change bitcoin bitcoin changes you know there's so much about bitcoin that once you understand it you begin to realize that well you know lots a lot of the banking system we don't need anymore we don't need the intermediary the trade in a big coin trade is self settling itself verifying it's hard money you start to realize that there's a lot of parts of the government we don't need because the the amount of trade that's done in a peaceful way between parties it gets rid of a lot of the functions of the government to maintain order maintain governance so going forward would you agree that big coin is part of a really an emergence of a governance system that obviates or gets rid of both banks and government yes

because it has many properties some benefits that we have all seen traveling around the world and also with different companies that we have participated in and they have participated. going into the most extreme cases yet it's actually takes out the politicians and the bankers out of your money so it gives real to me that you haven't been able to do with your money on this for example you use gold as money which we know though it's hard money it's very difficult for the exchange is something that we do with we can do with bitcoin so it helps you like countries that are in economical crisis political crisis or banking crisis and bank runs i mean if you call if they close down your bank and they tell you you cannot do with their your money what are you going to do if you have your life savings there and that is something that kind of cup and with bitcoin i mean you are the owner of your money you are the owner of your private keys you can move your money at any time you want anywhere you want so that is part of the magic and also there is no

politician group will be. we should group of central bankers or associates or will banks that can have. a manipulation of the printing or the emission or or how it is being distributed so the rules sort of they're the rules are transparent everyone knows the rules and everyone can all that and see the rules of the bitcoin in the books and which go so brings you to a new era of financial transparency that you haven't been able to have any time before this right now when we 1st interview you few years ago maybe 5 or 6 years ago this was beat you were a co-founder or co-founder of it. a crypto exchange just now i believe the biggest 6 change in lot america and so it's one of the biggest exchanges in the world and this is become now a profitable business and full disclosure max i say here are investors in bed so

we were fortunate enough to get involved in the early early year and so how does this message i guess my question is twofold number one in expanding our across latin america now and particularly in areas like argentina which seems desperate in desperate need of hard money because they are going through yet another financial crisis they're going to really really neg on their debt to the i.m.f. as they should and 2nd of all is what it what's happening on the regulatory front because throughout the entire history because in a big one exchanges there's always a a need to either work with regulators or in some cases some exchanges just leave territories that they don't want to have certain regulators on their back or what have you so the 1st question is how's this expansion over latin america going it what's happening in argentina i see them on local bitcoins adoption of bitcoin in

argentina is just through the roof what's happening there so because. to turn this years 6 years old so it's sort of april 2014 actually we met little before that. so i became part of it so in 2015 i had been there the head of payments the head of institutional sales and trading and currently continue a partner with with bits o. and working with them and part of this interesting is like you said. we didn't only open a new company in mexico we opened the new industry because we were the 1st ones the 1st exchanges the 1st one to live in the 1st one to start also knocking the doors of regulators and different banks and trying to show them how this industry has a lot of attention a lot of things to do so now 6 years later i think this year in the next month's big book would be so cool to have its 1st 1000000 users here in mexico and as you said for over

a year there has been plans of expansion to argentina. official down chess recently being so now you can exchange through bit so argentina versus big going for a 2nd and let me just point out that you're not here talking on behalf of it so but there's a history there so we can kind of pick your brain a little bit you know that around the same time that we invested and we also invested in a coal mine in india and of course they pretty much went belly up they went out of is because the government in india doesn't understand that klein and understand crypto they don't know really how to deal with it and they just made a very blanket condemnation of bitcoin without really understanding the 1st thing about it and so that economy in that country is going to suffer in measurable damage because of the short sightedness of the government. why what is the what is one of the mexican government in the mexican culture what do they get about it that the indians and then just to be clear right so we made investments involved in our

investment in unocal and went to 0 and that's the way to. in the venture capital game but why why do you guys seem to get it and one of the maisonette of that unit as you mentioned was one of the 1st well known exchanges in india and unfortunately i don't know how regulation works in india but looks like they have a problem with money they already banned bills and cash and had a crisis because of that they also have very severe with the regulations and for crypto and bitcoin and have put in companies out of business and being in this industry that is a risk we're always aware of that it could happen at any time if you have a problem with a regulator if you have a problem with a law there's a new law etc that could put in risk the company in your business and that's not only right now a startup it's a company that gives. an income families and more people know so you also have to the mention that mexico was one of the 1st countries to have

a fin tick law which started working about 3 years ago and right now they have started taking in application and also giving out. some some licenses but it has been that very slow process and got caught in the middle of the change of government so that also slow that down but it's very good because now the companies that have applied and are going to have licenses now they're going to have some clarity of how fin to can interact with. regulate that financial industry for example has been very hard for fin ticks crypto companies opening bank accounts having accounts to do for ticks or having this interaction so this puts the rules of how we should interact but it also puts up the bar it puts up the bar because now opening crypto often think accenture has the costs and regulatory.

requirements of almost opening a bank so it's time. it's competition and a lot of ways to promote competition would be great for the consumer you know these regulations should be revisited because by putting them in it creating a moated industry with a very high barrier to entry and that's not necessarily very good for competition either you know i want to ask you about something very interesting i want to get your thoughts on this so you know we've been traveling the world now for 10 years with kaiser report done over 1500 shows and we've been to a lot of silly bench a lot of places where insurrection is in the air in egypt revolution is in the air in athens you know we smell the tear gas about on the front lines and i say one thing that i notice about revelations and insurrections is that you know they've reached a different place in the cycle when the cops join the insurrection and we saw this in france during this relational the cops started to cross over and join the insurrection and that's a turning point in the insurrection of this throughout history this is what happens

in the crypt space at what point are we going to see regulators say you know i'm paid in fear and fast becoming worthless i'm just going to join the insurrection it's happened i've spoken to people in financial institutions as you know we spoke i worked for 14 years before this in financial institutions and spoke with regulators etc and they're using become either their experiment thing or saving or speculating or just experimenting with the moji so i think it's just a matter of time because. my generation and the next generation have used a fin take over have you script a currencies or are familiar with it or have been part of what they heard in the last years and now the generation that are currently the director sir heading the central banks give a pace to the next generation we're going to see it this people there are actually interact to get knowledgeable about the courage and fin tick which will also make

this interaction. smoother and better and one time they're going to realize that instead of restricting this i'm putting barriers of entry if they facilitate it and they do it in a good way to avoid the crimes that one to be avoided this can help mexico and in the country have an exponential growth and for their economy to grow in a pace that hasn't grown in many years right you know the saying is that you don't change because it kind changes you. in the case of the regulators again they realize what we're being paid in money monies is disintegrating in real time money several lasted over time why don't we just join the hard money crowd and become be part of this revolution so you believe that let me think what can i say the point of it is i'm not going to be thrown into the ring in one of these low what does it again. i'm not going to be thrown in there and

be pounded down on my head or anything when i got a bottle for talent you know of course you're not and also what you said is very important this is also a revolution but it's a peaceful revolution brother peace. very good sex being on the kaiser report and that's going to do it for this edition of the kaiser report with me max kaiser and stacy here we want to thank our guest jose rodriguez joining us on twitter it's kaiser report until i signed by oh. i 1st heard about we can exist. on the cups of foot in iraq. i think people.

military who have never forgiven for. this guy's a traitor and treasonous and he has broken every law the united states illegally shoot son of a. story to have. independent journalist with his computer to seeing to see who is what crimes and to a global audience. the idea of developing an anonymous. and applying it to a media organization is what he makes that was the 1st. i didn't the toy interest between would be for a short while world right and wrong one of the world's most powerful news organizations standard founder julian a song. there was a great deal of jealous in the industry towards him particularly why won't he be more like off seem. sneering feces on the walls.

we have julia in solitary confinement in the prison for terrorist away team that helps i've been a person the person. i don't want to die in prison. and i think that's what he's facing. you know being a place to order the kind of good intentions of a teacher's that's worth in christening to and maybe even 40 years ago there is simply evaporates it's the do not see it the compressor will supply of. this in a pretty yoko problem with not a moon but it circles modesty. and you can move forward

into much for the clues of a little with 3 minutes to do it when they're. not. quite in good but when you're already in the you seems to have been you know made it seem to trace. to be. that. we're still in an era of resource colonialism again this is a big risk and the one big thing that could really inhibit the kind of electric vehicle revolution that a lot of us want to see is if we can't resource the battery components in a sustainable ethical way then it's not going to be a successful revolution. russia

is called in to help the syrian army repel an offensive in italy but province launched by militants with the support of turkish troops. germany mourns the 9 victims of last night's shooting at near frankfurt chancellor merkel condemns that the poison. racism as the suspect is believed to have. ukrainian protest against the arrival of compatriots who had been evacuated from the coronavirus epicenter in china and are now.