what sort of chaos is happening around the world you could hear them probably in the background here but what's really scary is when cockroaches are operating leaf blowers that's when you know you've kind of the endgame but back to the story that i was talking about of secretary of state mike pompei o saying that you know the biological virus that we have of this corona virus you know iran covering up was a bad story obviously it is i think transparency is the best option and transparency is the best option for the viral debts we have and the situation there so i want to turn to a headline that probably got overlooked and did indeed get overlooked but jamie diamond we're watching you we keep an eye on you even during the apocalypse j.p. morgan plans to borrow funds through the fed's emergency lending facility and an exercise designed to break the stigma attached to that program or he folks were just doing this to break the stigma we don't want to have people who feel bad about having to go to the feds emergency borrowing window we're just doing this for the

good of everybody right there was virtually no cost for years of jamie diamond to take money from the central bank from the but they did put it through some layers of denial so they could say well went through the primary dealers 1st or there was some machination involved was part of an economic policy that we're pursuing it wasn't just a freebie it wasn't socialism for jamie diamond it wasn't a gift to jamie diamond but they have destroyed all the money that's been given to j.p. morgan they're technically insolvent right they have probably 5060 times more debt than they have any book value or equity so but now jamie dimon is so desperate that he's just saying just drop the pretense were frick and starving to death from liquidity if you don't give us more money right now i'm going to do something really rash like go on t.v. and run for president well in fact jamie dimon could be like and i believe if we're talking about iran and covering up coronavirus remember the vice minister of health was standing there speaking to the world in. to their state press rubbing his nose

it was running that classic there's 2 symptoms of coronavirus common across all nations runny nose and sweating fever he's wiping off all the sweat and running his nose into his hand and then shaking hands jaimie dying man is that person right here saying no we're fine where there is no coronavirus there is no banking run going to happen no we're all fine we're just going to the emergency room window just because we're happy we just want everybody else to not have the stigma of being afraid to tell everybody they have coronavirus iran is a religious market fundamentalism versus a market fundamentalism of what jamie diamond's talking about is the cult of money versus the cult of theocracy and they're both 2 sides of the same coin they're both in massive denial about their supposed super human strength to live somehow above

the vagaries and contagion that represented by viruses and in this case you know they're going to have the same outcome total economic obliteration and the rise of bitcoin it is quite fitting that we're out here in los angeles hollywood of course is the land of denial you know you've had many famous characters throughout history with as big a hair as mine today and i look in very hollywood and you know this system of denial is not just one country it's not just in iran and it's here and again here's another tweet about this story as they as j.p. morgan is announcing that they're going to use the emergency window just for preannouncing this because everything's fine but we just want you to know we're going to use the emergency landing facility just to remove the stigma j.p. morgan executives say bank is big enough to weather any storm so again they're doubling down they're letting you know they're just like the vice minister of health in iran say that telling the people he was literally saying there is no worry about. coronavirus it's not really here it's not spreading in iran as he is

like having an episode of corona virus episode live on stage and it's the same situation here right so it's like no problem again it's a recurring theme everything can be solved and money printing jamie dimon believes that we're not yet out of crisis point where his ability to for cinco worse the federal authorities the central bank treasury etc to print print print we haven't gotten to that point yet he said entrenched. and he has the ability to paper over every single mistake and he doesn't feel like we've got him although i will point out that over the past couple of weeks we've had an enormous purging of c.e.o. if you look at these s. and p. $500.00 companies there are an enormous amount of c.e.o.'s who have retired like disney and a bunch of others because they are totally vested they're running away with all the money now they realize the end is upon us and they're just running for the hills now my feeling about all of these lie. it's part of our globalized. of

on the one on the one hand you have the just in time delivery right so. the supermarket shelves are only stocked. like to what their normal day is and then you're they rely on like a steady stream of delivering exactly when it's going to be needed that works great when things are fine in the volatility formula that has been finest and steady china's been delivering there's been no disruptions in oh everything is great until it suddenly not i think that's part of the reason why china 1st cover it up because they don't want you know being the supply chain for the world the only supply chain for the world for many parts has been good for them and i think they recognize that oh if we have to shut down all these factories other nations are going to realize they can't ever have this situation again in the future and so they would be

displaced the same with this the banking system as we know. as we know with the repo market by the way it's just in time you know the liquidity needed is like needs to be conjured up out of thin air every single night by the fed this is part true of the global financial crisis the start of in 20082008 was the white paper for a big coin in 2009 was launched and now because it will experience part 2 of the global financial crisis it's already close to $10000.00 a coin this is the this is the global financial crisis that'll catapult the price 210-0000 beyond i change my target from 800-002-4000 extension 02 keep pace with gold you know gold is struggling because jamie's got his bum on the scale doesn't mean all those banks they know how to manipulate the price of gold with bitcoin is clear sailing all the way 210-0000 well speaking of jamie dimon he's in this final headline and it ties together with the fantasy and dreams and real industry ality and unreality and all that sort of stuff jamie diamond had

a dream that the coronavirus killed davus attendees he said i have this nightmare that somehow and doubtless all of us who went there got it and then we were all left and spread it and the only good news that from that is that it might have just killed the elite right. he's going to fusing the coronavirus with the bitcoin buyers same thing with peter schiff thank their their minds are being hacked by the protocol by the big virus soon jamie will be jamie dimon to be blathering idiot on the ground begging the fed for money to buy bitcoin he is going to turn into a kind of a street urchin same with peter schiff inset a sunset boulevard it will be park avenue where he's babbling and i want to say we're going to the 2nd half and the 2nd half has an epic interview with ptrace mayor max you have anything final to say in the last 5 seconds here about trace mayor and so this is the last interview with tracy mayer before he goes full colonel kurtz completely off the reservation a bit mad and it's

a story anyway don't go away much more coming your way. and we're going to fulfill the repeated promises. to the people come on you know we've all bots. really. you want to. know

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time after time repeat the same mantra sustainability it's very important. they claim that production. companies want us to feel good about products while the damage is being far away this is just.

in the united states presidential candidates the future of the u.s. and the world. every week. well stacks student debt trade was corporate money universal basic income and more catch up with what's frontrunning this sunday exclusively on r.t. . is now gone for it do 50 noise good number 2 number one when you have no kids if you didn't complete the moment phone and don't going to. see it in all the good that you did then the percentage of all views in the. culture is in the uk if it's a guy on the team ok mom simone. didn't misunderstand i go for you on that

he was just not allowed to play up to players or. something to motivate to you all to see perceive your son some kind of adoptee also go to show some. locals to the world put him in a position to commission a little music school with the new school. is a new. plan to perform for the secretarial mean are just.

welcome back to the cause report imax keyser time now to turn to trace mayer a bit coins g. trace welcome back oh thanks so much max it's going to be here all right i was just thinking you know if there were ever to create a mount rushmore of bitcoin you know you might be on that yet adam back next wadeye we've got lots of great contributors to this project so you really are one of the founding foundations of this whole industry i must say so you know i have 2 questions here now i was going to run through them but i thought you know what let me ask you something what do you want to talk about you know your you on the show because you're trace mayor what is the most important thing that's happening right now in the big coin space from your point of view i think we are entering a new era or a new stage with a lot of money and capital governments are learning to recognize the wyoming we have the speedy bank regulation the special purpose depository bank the talk about

wyoming because you've been there with kate long oh yeah it's been an enormous an issue and they are a state that wants to do for big coing what delaware did for d.c. corp they became the destination for corporations to incorporate and that's a huge money flow for them wyoming if correct me if i'm wrong but they see this hey this is our chance to be a dippy the go to destination in america is that correct and what's happening yeah i mean wyoming created the l.l.c. for example and they are having to compete with new mexico and nevada and delaware for that i mean these states they have sovereignty so they might as well sell it that's their product right and so wyoming's decided that they want to. have property rights and property rights with digital assets so that you know we've we've got 13 pieces of legislation that have been passed by the legislature signed into law by the governor so this is a law of the land passed by a sovereign you know what state of wyoming and it defines for. pretty rights and we also have a special purpose depository bank that gets created for full fledged banks so under

the rico neil act you get these national bank powers and you can custody digital assets so you know if a pension fund wants to invest in digital assets how are they going to do it if like the f.c.c. one of the big issues is custodianship on an e.t.f. how are you going to do it you've got to have property rights well property rights are state issue so that you need to start defining the property rights in the legislation and so that's what wyoming's done the way i've looked at it and why i've been so interested in it is you know we have a big corn core we've got the network with all the proof of work behind it it's a technical fortress that's just impenetrable i want to build a legal fortress around. the technical fortress and so that's what we were doing we're working on those types of bills to close a tax surfaces an attack vectors from what regulators lawyers attorney and anybody

else is trying to hack your big cohen through the legal system right right so let's talk about this the regulators and the states are now coming out with their own crypto coins the i.m.f. is talking about they need a crypto coin. in washington d.c. is the treasury secretary he is very vocal about his views on decline these days so the people in the right places or the highest places are starting to respond and then he had on the corporations as well with facebook's coming out with their leaper a coin so suddenly 1 as not alone it's surrounded not only by the so-called all coins but it out now you've got regulators you've got state actors you've got some troll banks everybody now is jumped into the pool where are we in the game theory of all this because hardcoded in the genesis block is this beautiful. will balanced protocol where nobody's got an edge over anybody else but the

more you try to attack it the stronger it gets that's the honey badger what you have now my honey badger the shirt on don't have my suit on like usual oh we nearing an inflection point where states have to decide either a we're going to fight and lose this battle or we're going to join the battle what do you think yeah i remember back in 2014 we did the show and you were asked me about the game theory with russia and block chain and now now we've got central bank digital currency being actively talked about we have some states wanting to issue we have the chairman of the federal reserve talking about this stuff we have the treasury secretary and no wanting to probably bring the hammer down when it comes to the travel rule we've got potential constitutional challenges and i think rule is about break that down well the travel rule is where you you have to when when financial transactions are sent between 2 financial institutions you have to

attach personal information on sender and beneficiary basically which you know network doesn't care it doesn't attach any of that to it. and so the bank secrecy act is what requires a lot of that and we have potential constitutional challenges to the bank secrecy act caitlin's actually written an article on on those potential challenges so you know it's going to be very interesting just seeing how all this plays out and really like you're going to make math the legal way you're going to make innovation illegal like what happens if all the amazon's in the googles in the face books and the twitters get built in beijing or shanghai what's that do for us national security let alone like the financial innovation i mean where it's disrupting the largest part of the economy i mean the money is 50 percent of every transaction this is a huge huge deal that's going on and where we live in rehab. nation right like. to be taught to be clear the real hypothesis re hypothecation nation is great

britain where if it infinitely happy as possible but here it's pretty bad and it's the currency you know in there all the dollar at the end of the day just different heads if there's a british pound or a yen or whatever because it's all you know how bretton woods kind of set up the architecture of the stuff. and that's going away innovation is happening like we have something strictly limited amount that you come to distributed consensus on right else you don't talk about the content of fact you know the money printing that goes on it goes to asset buyers 1st and then suddenly their assets are worth a lot more than that rate of money printing that's going on and they think actually that are deflation because the cost that they're borrowing against their asset is a lot less to buy a bag of donuts than the guy oh down the pike down the road and all this and grabs at his doorstep when it's 5 times the price that it was a month ago so when you have and it's a transfer of wealth and it's from it's political currency being used for political

benefit of different parties to the detriment of others right and it seems like it's also a reflection of an antiquated infrastructure did a lot of that distribution of money goes back to 200 years ago 150 years ago when the that style going to primary dealers primary let it out the banks etc would block shame because you know you've got new money being created distributed simultaneously on the chain to thousands in every 10 minutes no it's all over the world right that seems like hey man that's a lot better than having of the federal open market committee meet decide where interest rates are going to go being politically pressured by the president to do certain outcomes and then the distribution model somehow always without fail ends up in a hedge funds pocket who buys a an apartment in park avenue for $200000000.00 that seems so obviously out of date a non workable disaster on the financial infrastructure side well you know they like their paper franchises. they're able to engage in confiscation of their inflation that's a form of taxation without representation or due process of law they're able to

erode the human rights and civil liberties of the individual and make these despotic inroads and so they're able to transfer a bunch of wealth to themselves all because of the use of political currency versus the monetary metals or commodity currency which stands as a protector or a guarantee of these individual rights and so that's really the issue are the people going to have choice and control over themselves and their money or are they going to have that choice taken from them and imposed on them by political and financial elites and it's a binary outcome because we're now in a digital age was the eurozone once you know in an equated infrastructure wire transfers what's that come from telegraph wire telegraph along the road i mean this is ancient technology almost we don't need it anymore we can innovate this binary outcome you know reminds me of liberty give me death right i mean there comes a point in time when a population has to decide if they want to move forward as free individuals

sovereign individuals or succumb to the state and are we at an inflection point in the united states and elsewhere around the world where we're going to come to kind of a conflict in the conflict if you will between those who want to impose their will getting rid of all rights well the the conflict has been simmering under the surface for well over a decade in the open since the financial crisis it's erupted into protests all over the world hong kong chile you name it people are protesting and. the critical question gets posed repression or regeneration. which route are we going to go and if you go down the repression route which it seems like munch and that's what he wants to do right let's come down with the iron fist well what how did that work. in history well you had the french acid and they made it illegal under pain

of death to use gold and silver but there were shortages of food and the response were the guillotines with tens of thousands of political elites like losing their heads like done right. and then you got robespierre so that the you know the french well i just kind of traded one for the other but the u.s. you know you had these general writs of assistance you know check this box on your tax return put all this information on here and we just get to engage in all types of warrantless surveillance it was these general rich of assistance that just inflamed the american people in order to collect the different taxes and stuff and how did the american people respond you had the constitutional revolution you had the declaration of independence and then you had the bill of rights you know unreasonable searches and seizures and then you had the $792.00 coinage act and in section $1000.00 what did they put in there anybody who's who is

a employee of the federal government in the meant that debases or makes worse the currency shall be guilty of a felony and shall suffer death. it used to be us law to get death as a as a penalty when you're a government employee tinkering with those with the money to debase or make worth it make it worth this or is this not the primary reasons that the us is anonymous and probably i mean why this is a this is a powder keg right because like it's the money well martin luther king the marches were great right the marches were great but what really changed for the boycotts the boycotts hit them in the pocketbook right that's what really begins to change tough is when you change the economics and change the money and you change where the cash is flowing and center gandhi right there with the mark yes he makes salt yeah and you know we talk about russia as you mentioned 2014 and what this could mean a different country to the 2020th that is going to be the year of latin america south america we just went through argentina brazil venezuela these are countries that

where the adoption rate of big coing which is readily available that is skyrocketing argentina it's off the charts people we've just got and what is there is people are in mexico city by the way you're well known in mexico city you know there's an address on topless and trace where the 2 the saints of this movement in mexico city and. you see that i mean this is a way for them to get out of this fear of misery yeah you know they i so i've gone to pretty much all of the latin american declined comment as went to the 1st one the 2nd you know. rio de janeiro brazil mexico city bogota colombia santiago chile i made probably at least 20 or 30 trips down to south america to help educate and bring big going back all the way to early 2011 because you know south america is such a powerhouse in terms of natural resources and everything that they've got and yet

they have imposed on them. communication systems and like archaic. financial infrastructure right they wouldn't they could have so much wealth i think they get it they really get it we're down there they get it this is where the revolution is going to happen chase mayor thanks for being once again on the kaiser report thanks so much remy all right well that's going to do it for this edition of the kaiser report with me max kaiser and stacey i would like to thank our guest trace mayor if you want to catch us on twitter at kaiser report until next time. media a reflection of reality. in

a world transformed. what will make you feel safe. isolation community. are you going the right way or are you being. in a world corrupted you need to descend. to join us in the depths. or inmate in the shallow. why do we go to war because we view the key to economic growth as oil and energy we go to war is vice president cheney said for the oil that's why they invaded iraq for the oil that's why trump says the one thing we want syria we really don't want to go to war with russia we want to just control the oil. and the

gas lines and the pipelines through afghanistan so the military is really an extension of controlling a world of energy and oil. yet this is how the. so.

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