if the i. i am max keiser this is the kaiser report the verb we often speak of the black hole of debt that is where all of the debt in the universe and is up after it leaves a central bank balance sheet and its cosmic force pulling the g.d.p. of the world down now or the white hole of debt as i am phyllis trading with this white piece of cardboard the white hole of debt is all the other side of the black hole of debt in an era of negative interest rates and negative oil prices we have

to polarize our concept oh the death toll from black to white makes sense of course not stacey max that is a square rectangle in fact and you know out while that debt pile is imploding. they fiddle ing while home burns you know it's the new sort of way of saying that that was back in 6480 when nero fiddled while rome burned and of course what happened there was an eruption of conspiracy theories about rome burning that in which it was in fact nero that burned down the city and why did the people think that he burned down the city because they no longer trusted him and they no longer trusted the institutions are having a similar sort of thing where people all the citizens the the people who have to pay taxes for all the wars that emperors take us to well they don't know longer believe and are emperors and there's all sorts of conspiracy theories swirling

around but one truth is something that kaiser report has been saying now for the past 10 years and used to be treated as a conspiracy theory and now here is a headline from bloomberg bond investors are starting to debate whether the us is head. into a deflationary spiral of oh yeah they're finally getting off on that talking point are they heading into a thief place to marry debt spiral and as report we've been talking about this for a long time because because all money is debt the more money that's printed it increases the debt and so as the 2020 i believe they've already printed something like a trillion of new debt money and so now we're getting a more accelerated debt deflation right people are losing their jobs and their supply lines are breaking down and that's that's deflation and it's caused by

printing debt and of course there's propaganda out there paul krugman new york times who says what that doesn't matter but clearly if you've got record unemployment and you've got social unrest and you've got the global insurrection against banker occupation going then maybe debt doesn't matter you know the roman empire only held together as long as you could hold the edges if you couldn't hold the edges and you had to divert resources to pacifying gaul and then pacifying you know the constantinople sort of edge of empire it took resources right so here we have a situation where this the crucial the roads that keep the american empire together is the dollar and the debt system now with the collapse in oil prices too negative but definitely down below $20.00 and the commodity price collapse that leaves a shortage of dollars around the world on one hand but on top of that you need it

even more than ever to grow because you have so much of the debts that were incurred in the eighty's and ninety's and the $22010.00 has to pay off but if there's no dollars then you know there's no way to pay it off so. right now it's something like 8 trillion dollars has been printed by global governments but they're saying as we hear on the report have been pointing out that kaiser caesar kaiser kaiser caesar we're talking about the roman empire and. we need a $100000000000.00 at least to just not even like get most of the way up there to even can kaiser says that this is not unpredictable that there would be a dollar shortage because of what i just said a moment ago it's debt and when you have debt money and you flood the economy with that money you still have to pay interest on that debt money which requires

you to create more debt money right it's more debt money this is debt money requite that's why there's a dollar shortage because the interest on the current pool of hundreds of trillions of dollars worth of debt money requires you to print more debt money it doesn't sound like a ponzi scheme yes it does is it a ponzi scheme yes it is how do we know that it's not working well let's see the price of gold sitting new all time highs in every currency around the world except the dollar which is again to quote paul krugman back by men with guns so they are people actually reason they take the dollars is fear of violence that's a back to the dollar now once people no longer fear the violence of american pentagon then there will be the end of the fear of money u.s. dollar as all fear of money as all was all disappeared for the past 300 years none have survived except the british pound but that's lost $95.00 or more percent of

his purchasing power in the roman empire they had various gold or silver coins and those were backed by men with guns because they had to clip the coins and force you to take at the same exchange rate that you were used to so it's always empires always use force they always use guns and you know somehow. presses and liberals and of course like an american thinking class the speaking class that tells the rest of the world what to think you know they don't want to feel bad about themselves so they want to think that the sphere regime is somehow more benevolent than nero might have been so you know in terms of what's happening now and what's happening today as we see this deflationary spiral we see shortages of food starting to emerge and it's the same sort of thing you saw you know nero is long before hundreds of years before the empire even started to collapse but even then there was decay and rot in corruption and no expertise there was nobody in charge nobody was speaking to the people so we see like only 50 plants in america are

responsible for 98 percent of meat slaughtering and processing in the u.s. several plants have closed due to cold in 1000 outbreaks backing up hog and beef production crushing prices paid to farmers and cars and months of meat shortages they're forecasting that there's going to be meat shortages i mean these are in the headlines of people in the financial news speaking to farmers and slaughterhouses and saying like hey isn't this going to be of an issue no talk from any sort of lead governor of any state or the all these crazy press conferences that are modern day nero has been having filling up their well you know the country burns and while the fed is printing all your savings burn well let's take a look at this consolidation in the meat business the meat packing industry yes so now you've got a lot fewer processing plants out there the price of fresh meat is historically going back $20.00 or 30 years

a lot to say that it's low and they trade off is that the supply chain becomes fragile because of the monopolization or polak opposition of an industry like meat packing at the hands of money fuelled private equity groups and bankers who take a huge. monopolistic position in that industry the trade off is that it's incredibly fragile and so when you have a pandemic strike then suddenly what economists would call a reversion to the mean so the price of chicken and beef and and cork that has been kept artificially low through financialization for so many years will revert to the mean price as if that never happened to begin with so you'll start to see prices for fresh made double triple quadruple which is completely predictable. and it is entirely predictable is that somebody will get blamed because you know when

70 percent of the room burned down who did nero blame 1st of all the people are blaming him i said he set the city on fire and then he blamed the christians the new newly arrived christians that this cult it was considered at that time in 6480 and he burned many of them alive so i want to turn to you know at that time christianity was a new way of thinking and they entered the roman empire through the roads that the roman empire needed in order to extend its power and its reach well today this financial system that we talk about the rails of the financial system and the globalization require this us dollar in trade imbalance of payments on that well using those roads because one has entered this space and it's a new way of thinking hey i saw this tweet and i thought it was amazing because

this is a tweet from the previous empire before the roman empire which was the greek empire socrates in the cypherpunks were right i guess they weren't really technically an empire moment might have been the 1st genuine empire but the secret of change is to focus all of your energy not on fighting the old but i'm. building the new so i think that's really important right now today as we see this globalization and just in time globalization neo liberalism ation the sort of elevation of mediocrity that has happened and the lack of any sort of competency that it's constantly get celebrated well that's over and we have to like don't even try to reform it or refine our fix it it's just over the roman roads and there are lessons to christianity not so much that over the roads these ideas enter rome it was over these roads that this idea exited rome in other words the apostles of christ were able to spread the word of christ far and wide because of the roads that the romans

had built and they are correct that those rails if you will. for affected a paradigm shift quite quickly and with big coin which is some argue the 2nd coming of christ. some you mean yourself well. yeah all of my 1st analyses would argue that this is in fact jesus 2.01 k. and the rails of the current infrastructure of communications are being used to spread the good word the good news that the toshi that the hardest money ever created is here and that we absolute scarcity is here and that we are separating state from money. and we're now entering a period of free freedom that we've never known before individual sovereignty they you don't need the divine right of jay powell to bail you out as they're doing all

these bailouts right now at that time you know they really believed in the roman times they believed in multiple gods and that these sort of emperor had special relationship with them and if you didn't you know abide by what the emperor did this god would smite you but in terms of that old way of thinking again you know it's just a fact it's just an observation that happens throughout every single empire and rise and fall and especially towards the fall you start to see the civil wars of up to some many many many civil wars throughout the roman empire as it collapsed but here in america you see that. you know the millennial and generations each keep on trying to fight within the old system because that's all we know that's all and that's what we're told is legitimate but you see that they want something so radically different from what them from the boomers that has done them very well because again they were the 1st one in on this pyramid scheme so it makes perfect sense that they would elevate to the high you know emperor sort of position that

this is for progressivism as they were going to work yet whether it's like they are see who is a popular politician in america this idea is a rear guard action that she wants to change the way things are done to make it fairer for at this time we're going to work you have to radically change everything and star and create something new something new and fill on warren buffett's ukulele mother only. it's beautiful. like being serenaded by aphrodite. on the shores of the aegean praying to the got a velvet. well don't go away for coming back right after this.

30 years ago the berlin wall fell the cold war had essentially come to an end the fall of this cold war symbol was heralded as a new spring of nations and the end of communism decades on what is the legacy of this historic event of the promises of 1909 been fulfilled. before we were who are we to birth. she said that's. going to do it. clear definitely walking into the word dollar and we non her know what we're working until. march. when she needs to break she. who shapes possible sets of stuff.

this is like a horse race where it's like the marathon there are 200 horses on trees more than 200 participants in this marathon and the question is which take me place out to save most lives and companies because it's so matter of saving both. welcome back to the kaiser report i'm max kaiser oh wow this is going to be a good one time now to turn to sampson mal he's the chief strategy officer adblock strain he's also the c.e.o. of pixel magic and the creator of infinite flea in which full disclosure i am an investor samson welcome back thanks max thanks for having me again so 1st of all what's the update on infinitely well lots of stuff we're talking along in terms of

development. we recently announced a partnership with stocker in europe to facilitate our securities open offering. and we are in progress with s.b.c. for a reggae plus filing and as you know reg a plus is typically referred to as a mini i.p.o. just to refresh people's memory in for their fleet as a multiplayer game out there in cyberspace and it's going to scale up to be bigger than fortnight correct yet it's the most strategy game we've got a lot of real serious aaa developer talent behind it we have the guys from home world eve online. for several of them left that project to come on board but it's going to be great and we're aiming to make a big splash you know of arise and the phone company says that there was a 75 percent increase in data usage for gaming in the u.s. during march it seems quite timely in this age of a lockdown when apparently everyone is online so yeah people are now gaming

a lot more they're on line more they've been on ramps not only for big coin but they've been on ramp into online environments and and so this seems to play right into your wheel house samson the team at infinite fleet you got to be pretty stoked about that yeah definitely i mean there's ups and downs and one of the upsides of the lockdown is that people are staying home they're playing more and you know the game industry and entertainment industry in general is recession proof so. when people are not out spending money they're spending money here so it's kind of a good thing for us. we're also looking at other opportunities in the space too like publishing other games and also moving into some p.r. things as well to take advantage of that rising movement but overall i think it's very bullish thing for infinite fleet that the team here right so i take it i would assume given black frame and all the other things are involved with this is very bitcoin specific and it's everything about bitcoin and it's all on bitcoin is i

correct yes i would say it's built on top of a bit coin side chain so we're using the liquid network for a lot of the game where issuing a utility token in the game which is basically the game's currency so imagine a world of warcraft gold but now it's a crypto asset and for the fund raising for the security socan we're using liquid securities which is a platform that we've built on top of the liquid network and what that does is you now have securities that are tradable 247 and because we are a reggae plus filing you eliminate the need for a credit investor so this really democratised is the whole investment scheme and i would say it's a reformation of capital markets in a sense it sounds like having no problem scaling and i remember back in 2017 during the block size wars there was a session of that because i couldn't scale and that was shot down with the adoption of segway it i'm surprised anyone still even mentions bit trash or becoming trash

or whatever it's called is still has some agency out there i don't know why they lost they lost the block size or why do people still mention it but let's move on so let's talk about the coins some more here so the having is happening within the next 3 weeks so tell the audience or international audience what is the having and maybe get into technically a practicality of it what's going on they're having or are having is essentially a cut in supply of mine per day. we're going to drop to a half so about $900.00 now and it's also been called a quantitative hardening so as to be currencies are printing more and more we are getting more scarce and more scarce. basically as part of the protocol it's built in and every 4 years it will happen so there's a large expectation that this will have a positive impact on because price numbers will go up let's talk about quantitative hardening 1st 2nd there have been many genius pickling means over the years this is

a hybrid because it combines something pulled from central bank language quantitative easing and it combines it with a pick oh and now shin of quantitative hardening in the hardest money ever created and this is about an awakening now people are understanding that the central banks are completely out of control and they all cash very recently sat on a 60 minutes broadcast that they have infinite quantitative easing the ability to print infinite amounts of money money francs or go broader and this is really drawing a lot of interest back to big going for exactly why it was designed to be the hardest money ever created is this the here that the global financial system finally meets its waterloo you can't print your way to prosperity and there's a migration over to the hardest money ever known to humans and i would be because i'm sampson i think it's inevitable it's just

a question of when it's not if it's so when. it only makes sense that we migrate to to be coing off of the current field system just because fear is manipulatable because it is encrypted well if you're running a big node then nobody can tell you what to do or change the monetary policy for mode from under you and you just have your autonomy and sovereignity and. there's also a global currency anybody in the world can get. into bitcoin by a little bit of a coin and there's those no concept of a border with the coins so i do think this will be a symbol year and it's a question of when we reach that that is asian where everybody's using to coin and nobody needs to go back to making a big coin want to be a zen projects the same that infinite quantitative easing built into the protocol let's talk about if there for a 2nd i remember the taluk bitter and once compared to oil and now look at oil oil is a complete disaster so maybe that was the best comparison to make and i want to kind

of follow up on that a little bit in terms of big coin miners and because it's going to be interesting to watch how they respond to the decline in price compared to for example the u.s. oil sector where producers have been losing money but keep pumping all right so here you have a analogy here in the oil field they are losing money in the shale industry but they keep at it they keep pumping the miners a big coin they have a cost and now they're going to get half of the reward that they got pre having so what happens in the mining sector in pickwick how is it different than oil walk us through that a little bit well the thing is oil can go negative because there is a cost to deliver you have to buy the barrel and you have to move it physically so physical delivery incurs a large cost and the big quake will never have that problem because it is digital biquad has purity of function it is just money. you know peter schiff likes to

argue like. other things like gold and things have a utility but actually that utility is. more of a hindrance than anything right where you want money you want it to be hard you want it to be reliable predictable and you want to have a purity of function which be quaint has what about various countries now getting into the crypto game just this past news cycle we heard that china is going to come out with some kind of crypto coin because. they want to get away from fee out they starting to see the limitations of money and other countries have announced hey we're going to get into crypto that's one part of my question the 2nd part of my question as you've got these huge sovereign wealth funds like and cutter that are bleeding due to the oil and gas collapse are they good places to take a look at crypto our bitcoin i should say and say you know what let's put a few 1000000000 or half a trillion to work in bit coin do you think the game theory that's built into the

protocol will find its way into the sovereign wealth fund level and the global central bank level is that where we're headed sampson i definitely think so because it is inevitable and eventually everyone will be using it it's a question of when they figure out that they should be using it so those are the nation states that are rolling up their own currencies it's. it's often said that they're competing with bitcoin but i really don't think they are that they're just competing with feet currencies and they may be competing with stable coins so the question there is really is it better then a stable accordingly tether is it going to be a permission which can anybody access it or will it in forest couple controls or will it be a tool for surveillance because surveillance capitalism is a thing now and privacy is being eroded constantly and you see that even more with the covert 19 and the trampling of civil liberties but the question is are these

national currencies digital currencies going to enable that or or help the common man the imagine surveillance capitalism there and that is a relatively new category of markets and finance and it's growing quite substantially both on a health perspective people want to track this coven 1000 virus and people also want to do forensic examinations of where money is going at any given time because the states. running out of gas and they're looking for any cash they can find is surveillance capitalism something that bitcoin fights against is it itself subject to possible all invasive forensic accounting because after all everything is accounted for on the block chain is that a liability and are we going to see the rise of more let's call them fungibility projects like coin join where the you are the provenance of

coins disappears through various filters what's your thought on this i think that coin does change things up because now we have the potential to fight against surveillance couplers them and you know invasion of your personal financial privacy . is not quite there yet because with the big quote block everything is open it's an open book anybody can look at the block chain there are companies that specialize in block chain surveillance and you know tracking where things move which coins are associated with who and you know kind of trying to segregate coins into clean and dirty coins and these are things that we need to work against and fight for. i think a lot of people understand that you know your privacy is really dead right now and we need to fight to bring it back and there are things like you mentioned that are coming if you help us do that one of which is key to e.p. or page of mine which is a common standard that is helping people to achieve privacy and fungibility this

notion that big cohen a separation of money from state agree or disagree oh totally agree but quite is how you separate the 2 and i think the tools of. fungibility and privacy are what will allow you to separate morality from money if the question is that vehicle because right now you can you can blacklist cohens you can say something is dirty and. a lot of that is really just someone projecting their morality onto money and i think the sooner that we can remove that aspect the better for everybody oh fantastic well sampson mouth x. ray on the cars report thanks max it's been great all right that's going to do it for this edition of the concert for the famous ties are at stake there but like i guess samsam out of blocks dream pixel magic and infinite slate if you'd like to get in touch twist a kaiser for intel next time buy a. go

to work so you straight home. join me every thursday on the alex salmond show and i'll be speaking to guest of the world of politics sports business i'm showbusiness i'll see if that. is your media a reflection of reality. in

the world transformed. what will make you feel safer. tyson nation will community. are you going the right way or are you being so. direct. what is true what is faith. in the world corrupted you need to descend. to join us in the depths. or remain in the shallows. just. one thing if add anything was

if anything if. peace. keeping the birth. migration. shit out. clear definitely walking into a word all in all we no longer know what we're walking into i had said on march 19th. what she needs to break she her little bit back. to shake possible sense of. the corona virus outbreak has changed the world no one can.