no. max keiser this is the kaiser report the show that warren buffet does you know watch you know i got to ask rhetorical a and b. a theme i think for the next few minutes. america's got 20 or 30000000 people unemployed now the question is why have they no savings why don't they have any savings that's a very important question that we need to look into stacie perhaps it's because of what frederic bastiat out warned a couple 100 years ago when plunder becomes

a way of life for a group of men in a society over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it here we are 2 over 49 years after going off the gold standard in 1971 which is a moral code and a legal system of its own it imposes a moral code upon the economic system in terms of honesty and terms of distribution of wealth but here we have a system that 49 years later has become rotten the institutions have melted and disintegrated and we have people like our own senator here in north carolina that senator richard burr who was caught not only dumping a whole bunch of shares $2000000.00 worth after he secret inside information about the coronavirus but it turns out it's even worse when senator richard burr not only

engaged in obvious insider trading on the coronavirus after receiving intelligence reports on the looming pandemic but he also sold his townhouse to a farmer a lobbyist above market price for a tidy profit so here you have a guy who's supposed to be the legal system of the the moral code of the nation and congress and he was actually had these pharma before him in terms of business and he he sold his house to one of these lobbyist this 2 tracks here those 2 paths there's 2 answers one is looting right so looting has become institutionalized and congressman and senators. i see any problem with looting they trade on inside information they glorify in it they trade stock tips down there in congress that's the primary reason they get together in congress is the trade stock tips and trade on inside information because the clip across in the criminals and should all be in jail and burnt and set on fire and get rid of them the 2nd reason would be we live

in a country that glorifies debt that would be keynesian economics keynesian economics hate savings if you read paul krugman of the new york times he's constantly talk about the savings glut he would why he wants to burn savers he hates savers because that's his job as an institutional policy puppet who wants to get everyone is in debt as possible so that when they lose their job they end up in shacks they can't move they're eating protein pills and they're treated like garbage and like shit like mushrooms keep them in the dark and feed him. right that's paul krugman in the new york times policy that's keynesianism we hate savings austrian economics values savings and of values individual sovereignty and it's the proper way to run an economy it's what benjamin franklin would have wanted had he been running the economy today but all the founding fathers are dead in the state we have posers charlotte sans crux and paul krugman when a multinational sets up a you know one of these factories in mexico what they look for is single mothers

who are desperate they look for people in debt who are desperate who aren't going to give them trouble who don't go on to protest line that they're shut up and they're quiet right now so many americans as we know the fed even told us a few months ago that more than half of americans have no money at all in their savings account in fact they have debt so they know for a fact that you're desperate right now and that you'll do that you'll accept whatever's happening with the fed that's and save us and these cult so-called stimulus that's right and i want to look at this inequality in anti-capitalism one chart the fed for the last 25 years have used their tools and money to preserve equity and credit crisis. at all costs as a result when economies contract average people get hurt capitalism progressive ship both this chart up this is u.s. financial assets now 5.8 times g.d.p. so this is the financialization of the economy that started in 1905 when the divine

right of kings the divine right of these these you know the oligarchs at the top the elite the the wall street the politically connected this is the moral code this is the legal system this is the monetary system oh i said recently about the so-called progressive like to me door or chained junker you know they talk about the idea that we should somehow teach their leaders to be more moral and then we should ask them to be better people but they never actually talk about that that's impossible in a system that glorifies debt and has no basis for a savings to establish the economy with real money either gold or bitcoin that's never come out of those jimmy doors mouth he's never advocated for gold not one time and that's a huge mistake there's no such thing as a progressive if you're only program idea is to try to morally assuage corrupt institutional prison were the bad guys to act better right that's not a that's not progressiveness that's idiocy that chart is from 1905 soaring up the

financialization went basically the elite the plunderers at the top ran away with it all so to get back to your point active during the divine right of kings and who gave the kings the divine right religion. and then the transition to the fayette world war era was straddled by the bank of england to try to preserve the wealth of the monarchy of europe through a central bank and then they started the sierra and then we have keynesian economics which is the religion of the cia era to give the apostles like nobel prize winning economist the idea that they are divinely endowed with the smarts and intelligence to centralize our economy and award people indulgences to those who they think are worthy of going into ffion heaven an austrian economics

says no you have to have savings you have to have actual individual sovereignty which is also the basis for the. declaration of independence for america the united states and for those who are still a spouse the dirty policies of keynesianism. they have to deal with this with their own conscious going back to the divine right of a class of people when we had that back in the age of empires and kingdoms that of course kept the the starving masses the peasants in line because they don't want to mess with god right god had given these people live to find right the same thing here is in this structure of cup talk or see the financialization it started in 1981 where we went off the gold standard and the

individual themselves could not measure their own worth just like back in the divine rights of kings the individual was not able to measure their chance of getting into heaven unless the kings. you know the priests and such he controlled would tell them whether or not they had paid enough indulgences the same sort of system we have here where you're not going to get up this very you're not going to be allowed the toll bridge is not going to be lifted for you if you aren't participating in playing the game if we were guarded gold is the continuing true measure of monetary stability it suggests that stock markets gains in the 50 years since our own most entirely due to money illusion or the erosion of the dollars buying power so the red line is the s. and p. $500.00 terms and the black line is in gold terms that money illusion is the same thing as prior to john locke and bost yet in these sort of people there was an

illusion that the king was somehow superior and closer to god than you the individual only he could give. any rights that you had no endowed rights at birth here is the same thing is that it's a money illusion the illusion that this divine right of the markets always go up is somehow ordained by their closeness to the fed and is there anything more troubling for those who would be against the monarchy in power then when we heard that these relief checks being sent by the government were all going to be signed by donald trump quite that sun and 6 troughton area act of hubris that i've nothing i've seen or read or heard donald trump say they're his entire presidency really worried me until that and then i realized you know what america has slipped

back down into a pure monarchy and it's the frat and trump he was also raising keynesian economics he also doesn't really it can't blame him he's a he doesn't understand money he just understands death he's the king of death as he himself says he calls himself the king of jet every u.s. dollar should say have trump's picture his signature with the phrase the king of death and we reject monarchy if we are americans if we are not rejecting monarchy then we have to ask yourself how american do you think you really are he's always from day one and pressing your own power to cut interest rates to issue more debt from day one that's the i think he announced that in his inaugural address to the nation it's like cut rates so this is something he's been interested in however you're you know those people the divine class they only operate for themselves they do not care about you they will snatch your so-called stimulus

check out of your bank account they themselves will be granted money from you the taxpayer. we've for to make up for all of their mistakes but look at you the individual how much they've taken from you this is what i object when i hear progressives because their whole agenda is to get the people acting poorly in government to act better they're never going to act better for exactly the reason you just stated there are born to act poorly and not in the interest of the collective or the masses or the people or the common good there are only way to fight these people is to come up with a competing form of money that destroys it we only know that one exists and that's course bitcoin record and gold gold would have told you this entire time that these people are not divine jamie diamond is not divine lloyd blankfein said he was doing god's work he is not divine those people are not billionaires because they are

divine is somehow better than you you have been subsidizing it you have been subsidizing it people who pay the taxes who work in this economy who who are the essential workers have been paying and i'll show you in these 2 charts here here is the total household net worth of the united states measured in ounces of gold rather than dollars over the past 50 years and as you can see it went down from when we went off the gold standard 1071 and then it went up a bit during the dot com era that did expand some of the wealth to ordinary people who are holding shares in their schwab accounts and their various other online accounts and now it's just song but in dollar terms this is the same chart they have to give you the illusion you the illusion the one that is working harder and harder to say the same place they give you the illusion that you're actually getting wealthier and this is all good for you right well some bob way stock market was skyrocketing while the people were literally digging in the dirt for flecks of

gold 'd so they could eat so you know that's the difference between gold and the illusion of. price manipulation that counts money in the papacy of the federal reserve bank is supposed to be separation of church and state when you treat the fed like the like like the vatican has a problem america they are going to take a break when we come back much more coming your way. seems wrong. just don't. let me. get to shape out these days become educated and gain from an equal betrayal. when so many find themselves worlds apart we choose to look for common ground.

this is a story about what happens auster a stray bullet kills a young girl in the streets. what happens to her family daughters in florida. the mother daughter is buried in a cement terry healing this is with your head what happens to the community the public was screaming for a scapegoat the police needed a scapegoat so why not choose a 19 year old black kid with a criminal record who better to pin this on than him and what happens in court the . shock shock is from our society we deal. we don't know just for the. end of this trial unfortunately you truly will still not know the actual just.

welcome back to the kaiser report i'm max kaiser not time to turn to will receive all of the fold app well response of the consul report back to be here already tell us about the fold app it's pretty simple we are giving bitcoin to as many people and the least amount of time off of all we get free because for shopping at retailers like amazon starbucks and we've recently teamed up with these to launch a big going rewards card that will give everyone the opportunity to stock that and earn that money so this is really exciting i saw you tweet about it mediately want to get you on the so you've got this deal with the b.s. i can use my visa card and spend my fiasco and get rid of my fear money and i get

bitcoin cash back rewards and so it's got to be the most painless way to stack sasser accumulate big coin ever and what's been the response so far you know it's been an incredible with far i think this product has been has been you know a lot of people are going to waiting for it but we've got a great. from the community in the 1st 48 hours we had over 15000 people signed up for the card and that number and we also got great coverage for our made media always great. company able to break. yeah i mean because i know as you point out it's the hardest money ever created what's so important about hard money somebody might ask and they know i'm raising the headlines and there's 22000000 people now want to plow and in america that's projected to get to 30000000 you know. in america savings are really considered evil and keynesian economics is the way the

economy should run a. and know about one of the economists like prof krugman refer to a savings goal lot he tries to bellow 5 savings but if those 22000000 people have been saving bitcoin even 106 tell she's for a penny you know even a little bit you know every time you go out and buy a pack of cigarettes are coca-cola or a happy meal you bought some you bought some sotto she said instead they'd be sitting on half a 1000000 are a $1000000.00 and bama will maybe to write out this this unemployment storm how did how did america become a place for savings are valid 5 well i don't think there's a better time to launch a card like that while the federal reserve is making our money seem like an incentive to fly you know we have been working with youth to help them understand the value proposition of their money and in this time there's never been

a better boil for bitcoin the federal reserve is that if you leave and if i'm of record unemployment stocks are going up and unemployment is going up you know hold it here to make it the easiest way for the every man to get a hold of those that make a big difference in the life of asymmetric warfare going on the average person in america have no savings or maybe they have 2 or $300.00 in the bank and when they ponzi scheme collapses again as it does every 10 or 11 years. they asked the folks to build a ponzi scheme out of all straight get an immediate bell out no questions asked a mint in a chain wire some a trillion 5 trillion 6 trillion whatevers made it it's just instantaneous and then the poor suckers who are live in this way place you know they might get some money are sent to the wrong address or such act that that can cast anywhere or it's got to have donald trump's they now say that chair and they really hate the population

with contempt in america now sadly and the only way out is individual sovereignty and the easiest way to do that is a big coin so how's the market do you think for this going forward for the fold app out there we know we have a lot of startups on the show how big is the how big is the company now and what were you on that cycle is it really how long you've been a around and what do you think's going to be your prognosis the next 2 or 3 years dave you know for the better around for or for a while we've seen different cycles through a few who have a name with with and we've been able to see the growth and really be able to find what the real value proposition for everyday people and we launched our mobile back in october if you pass back that retailers and now have lost part of

you know 93 for said all of the users that they would wish to a card that gives a bit for him back and said if has faster airline miles if it was available and with ford you're talking tens of thousands of users but we also know that we're just starting a thread and we'll see many others and that's what 'd we're going to increase by stressor and increase access ability through this wonderful asset we call this right well i guess the model seems like it scales pretty well i know of one other company that has because cash back rewards and i think the model is a. contact various retailers they get them to sign up for the program and they get some rewards back in the form of bitcoin but the fold model seems like a scales better you just use that visa card and you get the cash to get the bitcoin cash back and let me ask you this so you know as far as pickling ghazni having are they having us coming shortly in the month of may this is happens every 4 years the

minute way or is cut in half the stock to flow model model of proves it's being greeted with huge anticipation and excitement in the big going community when you fall on this big nose or just another day in the life because well it depends on how long you've been you've been in this world but i would say for us it's just another day but i think it's really important or the often cycle. having authority brought in many new entrants into the base generated interest beyond. merely into the wider world in youth introduce more and more people but i think it is a moment and when you're talking about 6.0 or you know if it's all of the reward paid out in the past back reward last year in the united states. instead of airline miles the 1000000 because it would have been distributed to everyday people in

a very distributed basket and so i think when you make the have a product like the one that we are introducing you get really incredible back number one getting more people to participate but also more by fresher with even make that having a more fair let me ask you about the lightning network because this is another hot topic in the big going world how is lightning worked out so far in terms of scaling issues has it helped or does it still have further to go what are the limitations what what's also more a let's give us an update on lightning so you know to be for. quickly on this lightning has. done wonders for our users in terms of using because i'm in there every day but also being a tool or for people who may not be familiar with big boy to have an experience with it and feel just like their credit card in a bath and with all the excess that out of how to retailers and so it's really brought the medium of exchange it's

a big climb to the next level and you know what we see here although there's about 15 percent of users that come in spending on a credit card slips for using lightning because they can earn more cash back on the old and so we know that it can provide an experience that matches incumbent payment method and it gives users more cash back they they and so we really feel that we have got the infrastructure the us and the incentive through a point where lightning can continue to grow and now it is certainly not without it not without a issues that we're actively working on you know scaling 'd is certainly in a few if we not only transferred all of the transfers going through all the credit card over the lightning you know we might have. we've got some work to do on the network itself but the good thing is that we continue the pace of innovation in the pace of scaling you know we're going to be in a great place in the year from now to figure out world around the world is

crumbling people are looking for alternatives gold market and gold and conscious all over the world setting new all time highs and such to make a new all time high against the u.s. dollar people now see when steve banana chan and neil kashkari go on television and say we've got instead of quantitative easing money printer go broke out of well there's no end in sight we're going to keep printing money until we fill the entire 7 seas of fat garbage and they say the raining of paper money in venezuela cluttering the straits you know bitcoin to this is to cling to your backside. well you know i've been working in the paper a little bit i've never been more boys than i am now i think the circumstances that we see around the world are the perfect condition to make the big boy or value proposition shine and the infrastructure and ecosystem of wonderful applications that are going to be introducing big to a whole new lot of people it's all coming together going to be

a wonderful year and i'm nervous but very excited or was that when i look at the local because in the charts of where bitcoin is being adopted i see countries like argentina where that option is skyrocketing all over south america brazil a colombia i see in egypt because adoption is now skyrocketing and some countries that are really at the end of their rope and terms of the tolerance for the central bank skullduggery and lets you know it's criminal activity actually in they are now jumping into big quake in a big way some countries like australia and they've taken the time of their time in adopting in typically because they've had it easy they've been able to print their own money the australian government has inflated that housing bubble 3 or 4 times over the past 15 years they haven't had to work really for a living they just had to ride on the expansion of the expanding property bubble

same thing in the u.k. now once worked in the u.k. for 20 years they just borrow against their home it's been a bubble and now suddenly they wait wait a minute i've got to work for a living so they're looking for hard money for the 1st time in decades and i do think countries like america and the united kingdom are going to finally wake up to big oil and i would include in that people like mark cuban and peter schiff a seem to be a really tone deaf when it comes to understanding this technology a well thought i heard about big oil is actually down in argentina during one of their many before. when you look around you've been there a being made at that time the be the value proposition a big point of clear hard money in a in a in a in a climate you be infinitely preferable money to work. probably where we're going to be as you mentioned that happen in a proper many countries that are very similar. and as we need to adopt there we are

also going to be the. people in the united states the mark cuban or peter knew that number go up and bowen and it's going to be a war wide movement to get out there and i think reagan play important roles in the adopting a bit quiet but i really believe that you are right that the the the for in good adoption that we're going to see is the good bye merrily in the un. and the u.s. hopefully going to be. well raves thanks for being on the report great to be here max thank you and that is going to do it for this edition of the kaiser report with me max kaiser stay separate want to thank our guests well raves hold john to catch us on twitter it's kaiser report until next time. to a ring of. her irwin her.

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for years i had treated patients with heroin addiction with high dose methadone which is the appropriate treatment and so. i was thinking well i see how well that works for all these people and they don't tend to overdose on it or have a lot of side effects or have any problems so why wouldn't that be fine for pain patients i do recall individual young man who had a rough go early in life. without paulism was in alcohol recovery a number of back surgeries and i was in the middle of a tapering course switched him over to methadone for his other drug to ease his taper and using misguided conversion tables.