i am max kaiser this is the kaiser report as we head into the bitcoin singularity it's the single most important thing that ever happened to humanity sense the creation or invention or discovery of fire. stacey you know to see us through this hardening event this hardening of money coming because what we're seeing and all of this chaos happening over the past well few years but especially accelerating over the past 6 months since the fed started inter intervening in the repo market and then we got hit by a pandemic and now we have mass unemployment and things like that that's the fear

system leaving and this is the the hardening system the hard money system entering and to join us through this time we have gear mo who we met in mexico city said am ex say he was so wise and he told us about hard money so he's actually pretty hard if you pick him up it's really hard unlike plucky who eat took with us through the central bank and feel your scorn painting he's quarantining but he's really floppy you know he can barely hold the world's most famous central banker he's the most famous central banker but this is hard money era so we have a stone cold headed just like your jacket we've been signaling this so we have to join us to talk about briefs for the deepest recession on record says bank of america analysts as jobless claims surge to $6600000.00 they believe that unemployment rate is going to go to 15.6 percent up from 3.5 percent in february so that's

a huge rise in unemployment rate we haven't seen this and our lifetimes this sort of surge this rapidly well even the 3.5 percent unemployment rate is a bogus number you know they don't count people off stop looking for work and they don't count all kinds of people and that number of the actual numbers a lot higher than all the government published numbers are fantasy numbers and we live in a fantasy economy ever so slightly in $71.00 when we went off a currency that have some relation to gold to purify money currency the 1st time in global history be about a global economy run entirely on fantasy ists printing coupons and then pretending that they have some kind of backing and. the numbers are meaningless so if the unemployment rate is 15 percent 20 percent 30 percent it's kind of meaningless because these are mostly gig jobs anyway that don't pay enough to survive on you need $2.00 or 3 of these jobs and the whole problem is not work because workers on needed taxes are on native and earnings for corporations are also unneeded they don't need any of that stuff if i can just call up the european central bank and

say hello ira age tall moet hennessy i'd like to buy tiffany's and i don't want to pay anybody for it i want you to give me the money european central bank i want it if you get for me you and all the people you represent in the e.c.b. and he goes yes sir but here it is we're going to wire the money right away and they give to this guy lew even it's all. say they gifted him to fany as a gift from europeans so look it up you know this is that i think some slob working at mcdonald's is going to be able to call a p.c.b. and say. he didn't. know that's like i work as a i have no idea why i did that in a british accent it was in fact a french guy pinto who receive that money are are no that was kind of the peak of that era so here we have this great depression looking numbers and the unemployment numbers and bank of america sees 15.6 percent unemployment so that that

system is looking degraded and sick and in fact sick isn't the 1st words here of this tweet does this chart make anyone else sick fed balance sheet rockets up corporate earnings going straight down further evidence we don't live in a capitalistic society at last 4 decades of extreme leverage to conceal declining productivity to enrich a small elite on full display so as we've been covering here on the kaiser reports earnings have been declining for years now but to spend made up for by on the one hand stock buybacks where the shareholders are losing basically in the company is losing. because it's losing its cast its access to cash it's taking its cast off its balance sheet and turning it into free money for the corporate elite at the company and thus basically ravaging their balance sheets and we see that now because they've spent hundreds of billions of dollars in the past few years and now they're requiring trillions of dollars of bailout in fact they've spent over 4

charlie in the last 5 years on bell on stock buybacks and now they require a bailout for that amount but also the fed money printing has caused the inflation which causes their stock price to rise so he's covering up this huge decline in earnings and do they have big point arrangements are the c.e.o.'s of these companies including warren buffett are they just doing something that's patently moronically to destroy themselves and their country and the economy and money or the big question protocol which i believe is software and is part of the seti project the 1990 s. a search for extraterrestrial intelligence remember was the 1st parallel massively parallel computer project that went out there looking for other forms of consciousness that work because it gave birth to be a coin in 2009 as part of the seti project and we have alien intelligence reaching out to our global unconscious and destroying people like warren buffett on the unconscious level who is actively. pursuing the fee money

delusion and the having is coming in may and it's the quantum pardoning event and we're entering the big quaint singularity in 2020 or entering the bitcoin singularity in the 2nd quarter of 2020 well speaking of that you've signaled to the audience what's coming next and this tweet from atom back big question having is quantitative hardening fiat's undergoing lots of politically driven quantitative easing quite supply algorithm starts quantitative hardening next month as we've mentioned many times over the past few years we're entering the 4th turning these are big seismic shifts of like collapses of empires and the rise of new powers the end of a powerful generation on the boomers more powerful simply through sheer numbers we have these new generations of millennia coming on who are bigger than the generation before them of boomers and x.

that everybody forgets but nevertheless we have these seismic shifts coming up radical shift and the end of a fear out regime and the emergence of something new will have to replace it as a hardening that will happen and we'll see what happens there because it is absolute scarcity which is before bit coin unknown but you don't have that with gold gold is you never know i mean there's always new supply of gold and they could start mining gold from asteroids or from seawater and that's not absolute scarcity because it is awful and scarcity that you can use as the hardest money ever known and humanity and that means that you have the possibility to absolutely transition the global consciousness from being buried under can you go centric consciousness driven. parade of hugo maniacs and plunderers like are no l b m h or jamie diamond or lloyd blankfein to a cent consciousness around altruism and love i mean this

is the ushering in of the law is the big coin transformation singularity will you talk about that i'll think it may still and i said that that was sort of a signal for the end of that regime yet the thing that we've seen over the past. 10 years has been fracking that was also a real substance you can't have g.d.p. growth you can't have an economy without energy you need energy as an input to develop goods and services around the world and yet here something real met the enormity of the fake mess right the end. where. it never made money ok fracking never ever made money it wasn't making money at $100.00 a barrel it certainly wasn't making money at $10.00 a barrel you're starting to see companies like whiting huge fracking outfits go bust so you're starting to see that but the other number that was interesting is

you know people kept pouring money into it like investors kept pouring money into it even though it was never making money that you know it was a black hole just a collapsing black hole of oily debt and you know ever increasing amount of people willing to invest in a but. the demand for oil is now down 25 percent in the past month so just like unemployment numbers shooting out we see that a collapse in the demand for oil 20 down 25 percent and yet those factors because they keep me he did to make their interest payments on their bond payments you know they have been but pumping in function from thing all the way down and you know that the people at the pipeline in the pipelines and the tanks are saying still boss. nuff enough your mo is telling them enough yeah the fractures are able to beat a dead horse more even than hillary clinton messed up but they are as we've said on

the show for many years people say you know i hear what you're saying on the kaiser report and sometimes it seems the one step removed from what i could what i would conceive as being a practical day to day knowledge that i could use but look at the fracking story we've been covering now for almost 10 years we've said for 10 years a it costs more energy to go in then you get out and it cost more cash that goes in the come out it's cash flow negative and that it's only there to generate fees for the bond sellers who work on wall street to perpetrate this massive fraud called american shale industry we've been saying that for 10 years now the reality of that delusion is hitting home and but for anyone who surprised by this are losing money on this it's too bad on them because we were very explicit in explaining to them that to invest in fracking at any point over the last 10 years would be like picking hillary clinton to win the next presidential election this was only possible in that old regime we are exiting the easy money regime and we're entering

a hardening regime because this everything is chains nothing can ever be the same so that sort of fantasy that remember those headlines and like newsweek or time magazine saying with it you know we're better think bigger than saudi arabia of oil and the fact is we were. never it was all a fantasy it was a fiction it was a hollywood film because if we could crumble like that and disintegrate into dust in the texas desert at that at the cost of you know once oil goes under $20.00 and speaking of hollywood that takes me to the whole thing not the havening this is the holding. box office in hollywood the domestic box office movie theaters brought in a whopping $5179.00 for the week of march 20th to the $26.00 down 100 percent from 2 inches to 4193406 the same week the year ago those numbers are just incredible he says hollywood films are like fracking it's been around for

a 100 years an assault by the losing business. the films in the studios are the box office is a loss leader they both make millions are just fraud it's just like you are saying they are with all of the l.v.i. mates and they and the getting right before there was an wrong there was hollywood accounting that's what they called the enron accounting is about a fact when i worked in i was stock exchange the executive who came to work for me at a show sachs was going to go to enron but then enron went to 0 and then he was working at sony television it was going to go to enron because they were working on the fantasy that was their business model is that he came to the hollywood stock exchange right andy all right we're going to take a break and when we come back much more coming your way.

humanity is on the edge of a precipice thanks to continuing destruction of the natural world. you just seem laid out a lot of bills lots of. losing myself and a later period of. less than nothing you can hold up. the bill you. got over the war. or the. dealing in the muslim world as a little boy can sit around and stuff and. shit them see that disables the.

human activity has brought us to the brink of the world's 6th major extinction of it and the people in this film just come to it and more. is your media a reflection of reality. in a world transformed. what will make you feel safe. isolation full community. are you going the right way or are you being led to. direct. what is truth what is faith. in a world corrupted you need to descend. to join us in the

depths. or a made in the shallowness. room welcome back to the kaiser report i'm max kaiser time now to go to the 1st and the best says tony 11 the finest investment banking in bed cohen and krypto from back to the future simon dixon simon welcome back thanks for having me in these troubled times so simon dixon we are seeing trillions upon trillions of ballad money and quantitative easing being thrown around what sort of money is being printed what sort of not being printed and who will benefit most because everyone same preoccupied with the health crisis right now and you know people have got other things on that mind and it's you know every once in old people are in suits situations of desperate need at the moment and the government is for ever

cynical addicts and i guess they have no choice but to throw everything they've costs but at some point the slow slog and the financial crisis is going to become a reality often we get 3 themselves crisis ringback and so what we're seeing right now is in all the times of crisis for example the american civil war government simply printed new money called the greenback which is essentially debt free money that was introduced into the economy it's but what we're seeing right now is that the government is using quantitative easing where essentially the central bank is buying government debt and then that government debt is going to be used for all the different packages that they need to gather including helical to money it's really why did they need to already gotten the 1st place and why can't they just introduced that we're getting lots of interesting questions they were debating whether accounts for these individuals were going to actually be created it's

directly at the said giving individuals the ability to have a shared account which really got a lot of pushback from obviously the banking community that would much rather to speak. it's in the normal way business as usual with the banks in the middle so it's the slowest farms are going to really unquestionably have so many consequence is especially as we enter into the inevitable financial crisis often we get through this health crisis to have all the question people owe a sad about the dollar or any fat money starting back in 1971 when the world went on a pure afia money standard for the 1st time in history the question was oh as well what backs this money and we hear from policymakers a lot of convoluted theories about economics schools and policies now in 2020 we know that nothing backs the greenbacks they feed money it's just printed out of thin air like many of us have been saying for years now that's no longer an

allegation or a theory it's obviously true one big question people are asking is well now that we know that the money is simply printed out of thin air and backed by nothing why do we pay taxes at all simon dixon this is a question that stoking people to rise up and there's so a lot of social unrest out there because people realize that taxes are a scam that the that there's nothing backing the fab money and so why not why the why even collect taxes simon dixon well this is going to leave out 6 questioning every so this is really i don't want to be dramatically but this is a global reset in the financial system as a result so it's so minute so much happening as a result of that you know people are going to be all skin questions that may not necessarily off for even the government and also the question of why to be boring through the balkans i'm in for it seems to me it's repayments when we can it's just great to get direct without the federal reserve in the middle. individuals are

going to be awesome that question well you know why both. seem the smaller is when you can see that the government's going to you know going to have it out anyway individuals are also going to be asking the question which is what the nets. the lead for the financial crisis all well when i get my fellow called kimani and i've got my income right now the last thing i want to do is use that to pay my mortgage in a time when i probably call the repossessed so people are going to be thinking oh paranoid and they're very personal situation and conservative and conservative. and that inevitability must be false and the boldness fall in old ages which then leads to the plot so it's fractional reserve banking system and then inevitably which i'm full costs and will be the central bank all the governments creating their own digital currency and essentially allowing banks to go off without people using that

money by giving them the ability to open the wallet with the central bank if they have $10000.00 in their accounts and then going to the knot with the central bank and i think they're going to see a ruined from central banks on traditional vines as we inevitably experience the john norman consequences of essentially the world's largest rate it's a ponzi scheme that we've seen in all of us part are actually in banking you have a background in banking you've been a big coin and crypto banker since 2011 you wrote the book bank for the future and you outlined a lot of these issues with banks and i've been studying money for decades now i want to ask you a theoretical question and get your thoughts in my view as as you describe the situation with all this money printing and debt monetization and the government in the central bank taking control of the majority of the sovereign bond market the miss the majority of the corporate bond market the majority of the mortgage backed security market and the majority of the stock market are we not setting ourselves

up for what you might some might call like neo feudalism where you've got a few central authorities with 99.8 percent of all stocks and bonds in. stands and then everyone else is living like a peasant so you just have peasants and lords i mean i mean think about that for a 2nd i'm live on top of the question so the big coin having arrived next month simon dixon some call it quantitative tightening its block will be reduced to 6 the quarter bitcoin from 12 and a half bitcoin and rewards tell us what you expect from us on it so we're going to see exceed say it's a quantity that's just what we're experiencing right now we're seeing everyone will console and something that looks increasingly more like communism from traditional to get money as the government is essentially leveraging mees these assets and balance sheets in order to actually achieve doing all that well it's assets and

it's you know in in in in in this situation i don't seem to have any other choice so essentially we're going to see it seated on a b. i mean that's just navigable that people are going to need to get vaccines when that comes free that might also be to are excited to chip in on since and implements it so that the government can contract and control is allowed out of their houses and all these scenes that are going to happen as a result of this this house crisis which is going to be integrated into central bank digital currency where governments around the world are going to be scrambling and fighting to claim that you should be paying that tax because you live in one country if you didn't deal and believe in another country and 2 governments believe that they should be automatically collecting tax on that money so you're going to end up with a very very horrible worst bushin will see a current seats of the $1.00 that we have now created 3 banks as debt on the flip side you've got bitcoin which is

a 6 money supply the ability to own your own money the ability to spend your own money and a month into the policy that can never change based upon mat's and so people are going to have these choices as she and currency gets worse and. but oversea has that stability in a very unstable malkuth like today house you spend good but people are going to be you've got this opposite effect where people are going to be experiencing well when the government make actually because it might contain the virus. how is that going with sex that i can't control my money that's going to be done. and you know people are going to be able to control us these effects when they try and send it to would be queen exchange and the bank says you can't send it people are going to look at its lowest point you know crack it at a 98 percent increase in u.s.d. to their exchange because people accessing spirits and putting that in point and this is exactly what bitcoin was designed for to give people this 2 tiered economy

as fear currency exercises more and more in control and highlights the flaws in fear currency that people can experience between which is the exact opposite effect well some of the challenges that we experience in the cd it's interesting that because one of the layers in the stack of the bitcoin protocol is the game theory layer so the incentives are so finely balanced in the protocol that this very elegant game theory of merges and we've seen it jump from the minor players from 10 years ago that to the to the mind to the countries on a sovereign level the miners in different countries were dominating mining for a while then that shifted back and forth different countries now as we head into may of 2020 and you have a full on global fear of currency a nightmare and the big point is happening it seems as though the big

coin is almost self-aware to some degree and that it's happening exactly at the right moment to game fear theoretically attack fear like it's almost as if it was born to it to go to war with on the highest possible level on the sovereign level so lay the samata but you're suggesting that. the central banks the world they go digital as a way to exert more control and you're saying a such place like a model of communism. or a soviet ization of the global economy total top down control bs of a digital current say what's opens up the possibility of multiple regions taxing people from different countries which is another nightmare concurrently this coin takes a quantum leap through the having it's already the hardest money ever known to humanity and to own it is an act of civil disobedience would you agree that owning big going

and buying because it is equivalent to civil disobedience i meant well really if so that is it from the traditional financial system oh my you tube channel about 2010 like rates of the baby of the great depression of 2020 i'm ready i was just following the trends that the current see is a ponzi scheme and then what it never saw in this market is now i didn't know what the effect would be that would actually do that would expose the weakness in the traditional financial system but i said it will be a black swan event and it will expose the systemic risk in the financial system now obviously that was a financial crisis and they used financial engineering you know it's a crazy law just you know we've been incredibly old market was 100 fabricate since upon financial engineering injecting money market i don't say fine because. i'm the video i think like race it was just around the exact same question before.

we 1st met at that conference in prague whenever. i'm really these were the conversations that were being there is in the book it's finding a place in the world where people need an exit from the traditional financial system and to me i see this. as really. and force the old is actually going to meet as something that actually gives people the choice they meet you know all just the big point is not good for paying your rent or. price fluctuations but you know given the world where are these types of all it's an arse what you ations of becoming inevitable ever. in a world so you know the flavor reinvents like that and that's inflation as you have to result in this and you're going to need some reset the financial system

and use financial engineering that will never. controls. money and of all that we're not used to getting a good point about the volatility everyone was complaining about but quiet volatility in the stock market said hey hold my bear all right so simon dixon thanks for being on the kaiser report thanks for having me max that's going to do it for this edition of the kaiser report but may max kaiser in stay there ever want to thank our guest simon dick sands c.e.o. and co-founder of bank to the future if you want to contact us on twitter it's kaiser report until next time i go. to. those whom see the who have them so. who the good news who are cuckoo for. those who heard it's

a preview. who. moved . folks who really. shouldn't look beautiful were the police and school good. move just let most. this girl's good you've gone through go go go. go go to shuls from the bow do the same you know you kiss well it's good to go. to stand up to. the 2 needed so it was the one of the most dates to look at is we. just asked not to attempt to just meet their mashed on truck stop the president and please control natasha didn't. go to your petitions to go to school to snoop or come up with your look of those

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