my. god. the accu. oh i am max kaiser this is the kaiser report how about a quick history lesson in economics you know people talk about socialism what is socialism there's a side here that labor has value and that people want to take part in the means of productions and guess what starting in the 1980 s. that became obsolete because all wealth was tied to money printing today 2020 so that would be 40 years later then this phenomenon 1st a colt activists and labor rights activists and workers are

figuring out that the problem is not about the means of production the problem is the money printers and they're taking action stacey yes protesters around the world are putting their hopes and to crypto currency we're seeing albo the global insurrection against banks their occupation i think we also have to kind of elaborating it's like a global insurrection against paper printer occupation or paper printer theft you know p.p.t. there's something going on crypto currency is have always had staying power due to institutional and retail investors as well as traction as a digital means of exchange yet it's on sensible nature and the potential of having relatively private transactions as well as an alternative to fiacha currencies has lent itself well in theory to protest movements that are threatened by the use of state force so wherever you see insurrection or uprisings around the world and we've covered that recently with the black ice matter protests we see all the signs

promoting between a black america or solves this as we've spoken to the character and we see it lebannon where they're burning down they're actually. burning down their banks because it hasn't been yet they haven't like it hasn't opened their eyes completely even though their transactions are being censored i.e. they're not able to withdraw certain amounts of money beyond a certain amount of money but they're they're trying they're to get dollars we also see that venezuela where the dollar is a preferred medium or right so occupy wall street back in the 2008 period that was even before pick wine was on the same but there was this idea that you know what maybe we need to go after wall street maybe that's the source of our problems so that was the beginning of the transition from a socialist mentality to an anti feel money mentality and now we have the global insurrection against banker occupation as people begin to understand that the way forward in terms of. achieving some equality and justice and we

saw this in another campaign called defund the police right so it's idea of defunding right so occupy wall street the funding so activists are starting to figure out like maybe it's the money maybe it's the money right so now what we're going to see very quickly is this idea and the confidence to understand that you have to defund the money itself defund. that's the only way forward until that happens and you are a slave it's not just the individuals but like whoever was 1st on that system we've covered this you know it's a pyramid scheme by nature that's what a few scheme is and that's why those who had the most wealth and power already in 1971 when we went off the global gold standard have most of the wealth right now that's why we see this huge generational income gap not income but wealth gap between the generations since because the older generations when they're at the

beginning of the pyramid scheme you know in the black eyes matter protests they're talking about bitcoin as an alternative for the financial system that had 0 press them for so long and in terms of this censorship however we're seeing it move to the national. states how we have here they covered the fact that in catalonia so they catalonians want their independence or some of them do and the e.u. is basically censoring their ability to raise funds in your o's and use the banking system for what they deemed an illegal referendum so they mentioned that organisations such as the catalonia government were using bequeathing to finance and fund independence referendums declared illegal after it was and that acted the spanish government alleged that the catalonia movement was using bitcoin to hide its expenses but it would have made little sense in any case to conduct financial transactions with the ledger of trust that constitutes to the spanish and european financial system that was going to smash the catalonian referendum right so

catalonia spend long simmering separatist movement and we have these types of separatists in sovereignty seeking movements all over the world and they've been during the arab spring for example there was a huge outcry about we want to take power back from the monarchs in the middle laws etc and so finally with big coin there is a path toward self sovereignty and group sovereignty and individual sovereignty and so the penny is dropping so to speak or the toshi is dropping in these activists on our understanding that socialism is not the debate that's never ever going to be a relevant relevant relevant that debate is toast it's then like the americans left wing like a bernie sanders for example they talk about socialism but he might as well put on a powder graying and strutting around you know it's a medieval costume or something that's so far west happening right now the truth is

that if you want individual sovereignty if you want justice if you want on the sensor a ball on confiscate a bolt indestructible wealth that's all the one way to go that's bit calling so remember what we talk about the black lives matter they're told you know in 1000. sixty's they're given the civil rights act and they're allowed to you know all the red lining is supposedly supposed to and all these sort of things the jim crow laws and they're like here you're free and then they enter a system whereby technically ok you're free you're given your rights you're free it's up to you but actually the whole system the monetary system is set against them the same thing here with catalonia what the situation was is that by international law they have the right to self-determination right but if you the financial system however has their own laws and their own regulations and they could cut these people off from self-determination from referendums from organizing so there you see the. case of self-determination not being possible because

private corporations can do whatever they want yes what i call interest rate apartheid right so it's the banks have the ability along with the corrupt politicians to say you there and that part of town you can borrow money and 0 percent or less than 0 percent of you over there at that part of town you have to borrow money at 20 percent or 30 percent or a payday loan at 2000 percent so they don't mess that that's the new jim crow laws are determined by goldman sachs and j.p. morgan by selectively making interest rate borrowing costs different into different parts of town if you live in the ghetto then jamie dimon will say your cost of borrowing will be much higher so he's engaging in interest rate apartheid again you know you have the system whereby the system itself is corrupt and biased i k it has like the oligarchs or of the banking system are favored and their friends are favored over the other people outside the ring the same you have with

free speech like we the public domain now is facebook and twitter and yet they're private companies so they could cut you off and censor you as they're doing to the president now. and so this censorship resistant sort of thing is starting to play out in the bitcoin domain because you know the self sovereignty from a nation has always been gold you accumulate gold and then what happened in the past year or 2 when venezuela wanted their gold from the bank of england note we're going to censor that you don't get it back and arguing here i'm not going to debate anything about my darrow or what you want to argue about him this is about just the like remove the name and just has to get rid of over your you know any sort of partisan spin or ideological spin or hatriot or anything like that pushed by a cable news just think of any country a country a had some gold held in country b.

which was a big you know giant economy that stores a lot of gold bank of england and they refused to give it back so now this country a venezuela is looking for a solution to how to get hard money because obviously their currency the bowl of r. is not hard at all it is crumbling right so here you have a remarkable thing is venezuela tried their own crypto currency there's a bad name for it in the crypto community what you call one of these things they try their own crypto and we know a lot of other countries are talking about starting their own crypto. but it failed let us while the government is officially taking bitcoin as payment for passports and looking to accumulate hard money. when they announced their crypto i said you know it this is a good thing because it's a stepping stone right a stepping stone toward because and so now they've reached that point and this is

what i've said at that time and this also is the beginning of the global hash war so now venezuela will start to actively mind because to strategically and they have cheap energy to do so iran has already got 3 percent of the global house right so now venezuela i think will get 3 or 5 percent pretty quickly and then at some point america will say we've got to answer the space race of the 21st century by mining big quien and then i'll try to see 20 percent of the hatchery then security of course goes up dramatically and price goes 240-050-0000 you know this reminds me a lot of the year 1500 because in the 1500 the european nations the people of europe grew tired of the church you know for it had been there for 1500 years the corruption of that yes just like the corruption of the monetary exactly and they got tired of the censorship they got tired of all the wars and all the problems read read that if they were wars but also read the canterbury tales 2 you see all the corruption and there so then the renaissance

right so then the renaissance happened and people like leonardo da vinci and to make a long slow they bust through the monopoly of the church on thought and they cracked it open and that gave why davis the enlightenment they gave us the rights of map it gave us the united states of america and the constitution and i state it all happened in 1500 as the church became calcified and ossified and tired of the reformation of course happened with martin luther so this is what big quote is it's the referee mation all those systems around the world trying to choke free speech and that that will not abide that will not abide. no not not about what happened absolutely not no but you know what because bitcoin is the mona lisa of the 21st century it's self-aware it is observing us through the quantum mechanical aspects of the technology and it's channeling the eyes of god so this is god looking at us

through the protocol and trying to figure out how do we fix this human species because they've gone way off track due to central banking so you're saying basically that the birth of big point in 2008 the white paper and then the actual genesis block in 2009 was like the renaissance and then that led to the enlightenment ultimately and so we're at that sort of space you know time is compressed here in the future compared to 1500 so we're seeing a compression of the evolution and you know in the last moment here i want to say you know with this imperial power and the exorbitant privilege of the dollar you see we're at the end game here because i don't think this is what we're never able to go back we're never able to go back for honest work honest pay honest anything study from the university of chicago found that 68 percent of those who were made unemployed since $1000.00 crisis began are getting more in benefits then they lost and earnings so. it's too you know this is always called like an all right talking

point but the data from the actual university of chicago shows that in fact people are earning more 68 percent are earning more that is actual bread and circuses yes no longer. reference to something that might happen but that's what the romans did to keep the crowd busy so you're saying it's all going backwards because after the roman empire fell after the bread and circuses then we had the dark ages and the renaissance was a response of the dark ages. looking back at classical art and ideas and. back to classical ideas of honest money and so you know so it all makes sense. well there you want and i'm 35 yeah i don't think i can say because i'm being sponsored by the copyright place. well we got to take a break and when we come back much more on censored content coming your way.

you can't be both with yeah you want. the world is driven by shaped by.

the day. thinks. we dare to ask. the primary purpose of history is to understand the past as a guide to understanding the present and future history should not be deemed is feeling good most knowledge is because a lot of history is painful and change so how should we find the right balance is that you cite the law. welcome back to the kaiser report on max keiser time now to go to the cherry he's a pick coiner in venezuela and founder and c.e.o. of queen sprit dot com he's traveled to 35 countries this entire life has been

lived in a recession oh my god this is going to be interesting i was under a welcome to the kaiser report thank you very much for having aged a mass course venezuela is known for its hyper inflation and for the strict u.s. imposed sanctions censoring any financial transactions with the bank does big coin fix this particularly on the level of the individual elysee on the level of individual yes but despite i mean it set a bit so as one of most i never will right now and europe. and after a hybrid lation of minutes. it's one thing high her big point is a rat and why is that all in all i don't buy energy bars how can. you do see a lot of people use it for their image incentives. right now. past

i mean since 98 when raised and they're at rest now that. she established her and she exchange rates and the bosses are gonna buy at 70 i just met her. and we went for a cat and then it was all about the last friday so you have all that rotting fish that are so yes. pretty. special problems now. i'm just huge and you know. 'd let's look at this and then approaching conversational banking sister been great in. playing the last words rather than say despite all of the next 5 years and why we are i mediocre. we're over all right well the biggest problem in venezuela as i see

it is not necessarily the political system or the political leaders but that it's now a function effectively as a colony of america's oil companies and bad such has a lot of problems as any colony does now the government and about as whale a day kind of dip their toe into crypt with the introduction of the petro at the time i said it was not going to work but it might be an interesting bridge to big coin it is that was what's going on you call that high and i think look it's basically a free market for big one. the government advertising purchase variance he's not only on television but also like on the highway on the highway you see ads about their currency exchanges you have already now like a national ice changes and they're all pretty bad oh petrol is not working yes that's a date for me to take a logical standpoint from

a dribble stadler is working very well and it's expanding the usage of batteries expand you can actually use up astro gas station and pay for gas when it passed through and another $1.00 will receive go to satirise a real 60 dollars 60 dollars per after which if there is evil and the prices and then a certain barrel of oil. it and more so it's kind of a subsidy right there is something that subsidizing gas will always either. now there is also the as you asked and. i said to days ago you're not you're not able to pay for your best passport using the t.c.p. server where i have to say i don't think there's anywhere else you know where you can do that so i guess this is a big waste and actually you're going to accomplish. that as nick borders on the low here you're going to say please all else in town this morning we're actually

going to go on amazing chad ok all right next year. next year. and you could be here i'll i look forward to it i love empanada as now. here is the deal so the government's taking back going out the passport service and the government is that actively looking at it and is now taking back point it out a my thought is that once a government like venezuela realizes that if they were to start mining are accumulating because they could potentially have the only hard money currency in the world and it could kick off a hash war around the world a global hash war where you already see iran for example it's got 3 percent of the global half right potentially venezuela could be again one of the richest countries in the world as it was not too long ago if they simply switched to big coins they

already my me just what else will come between those. lows like about one to 2 percent of global hashing power. and we're one of the most aggressive commies in the war and what this that i think we all already have. there are states. that people who have electricity you know they treat great sales basically by any does not stop in the states i told her to live when i went on. due to last year 2 by congress and then i was invited for the president to circle of that in jena and i told him mangy officers of the base are becoming he says do not hold all the points your one of the big 4 years there is no other way spiritedly n. ot practice this not all are still pretty there's actually no other currency other

than it there guys it's not tied to any state or separate groups and showing one feel that ominous is basically right max so yes look government has a huge big worries that people don't know. they're trying to figure out a way or how little they have their own lives so you'll solution for big point not 300 have big fat your ear. again it's just going to get on the guilty paul a lot of the least rest of us almost a $1000000000.00 that's your west you've got a $5000000.00 hole or hire new lagos we have one of. your your be satellites. in the world of the leafless and then something bigger you know we trade with russia trade with iran is. certain to place me very reluctant you know mexico money on and it's just some

people grow it inside of it was why. eating all the local and national markets and reshape currency float and it's not to me about the u.s. dollar it's all you want to dance on every single currency not only because this is breaking news out of europe you're saying that venezuela is already got one to 2 percent of the global half right as i mentioned iran's got roughly 2 to 3 percent of global hash right so the global hash war has begun you've got 2 countries venezuela iran has energy costs are cheap so they're able to be competitive in that mining space obviously in countries like germany or the united states maybe less the u.s. is changing now but it depends on your cost of energy is a big component into your success as big quite mining so these countries that were energy rich that became colonies of america's oil empire like iran and venezuela and colonies of america now for decades they're kicking back and saying

wait a minute let's take our cheap oil and mind the hardest currency ever known in the history of mankind and we will beat you in the global currency game so this is exciting and like to see competition on pro-competition you know america's got a bit fat and lazy over the heirs and less and less of a you know a desirable country now in this independence week in america. what message do you have for americans who may be worried about the warning from yale economist stephen roach she's. talking about a dollar collapse so you've lived in a bowl of our collapse and hyperinflationary collapse and you know what that's what that's like so what message can you tell americans now that they're about to enter into a u.s. dollar collapse ending this mess session fear be edible not the people that should fear their government. look i there's some talk of the united

states out ok that way that that takes the game all it saw sideways ok has lost lost its value it was stopped it will just continue building on itself and it is and it is a nonstarter site and it's as they said on several of their 7 anticipate walk past 2 weeks ago. it is interesting to me that people still have some sort of faith and the system and the global center back in the system and the government system and it's because people are afraid right. you said that those are not even our words i say we live and we live in a church whole reality and non-linear are starting to understand so big boy more than just a remittance for a heart monitor or whatever i see it as the 1st law all digital content and human as ever created yes no hungry you can totally be part of it i should talk about how

it goes learn how to drive big play phone hell learn how to have back or learn how dishonest it was because you're actually not one of the best buy and sell because services are located how come up how to understand how to use them there is an easy target to use that have a ok. the other major morgan chase him up my count and i have been dealing with like for a pretty great i can't even call up my online and you are correct it's stupid so. the banking system inside the us is no more no longer ok there's i think there still are not even a 5th amendment and united states. there's nothing that governments in europe is so and there's any way that you want to go against governments they don't want i don't care what the or the way the you know the evil way of doing that is by always oh you know me and what i say all in a big quarter is not only putting all of your savings to big media are behind it

this is a good time to let me what actually is actually understanding more about it and become part of the community because it's all in there and in the end look big like it's because the owner of co-locate is handy and the most routed gallery of the globe which is not new in france it's the energy here ok and that's why it's not so hot. so that little bit less i mean we've got to cut it off there great message to the american people thanks for being on the kaiser report thank you very much for having me on the show and that's going to do it for this edition of the kaiser report with me max kaiser and stays in everett like to thank our guests he's the one and only lady alice son judge each area of calling spree dot com if you like get in touch with us on twitter it's guys reports on by go.

wrong. just don't hold. me. to shame. and in. the trail. find themselves worlds apart we choose to look for common ground. is you'll be a reflection of reality. in the world transforms. what will make you feel safe. isolation community. are you going the right way or are you being so. what is true. is faith.

in the world corrupted you need to descend. to join us in the death. or remain in the shallowness. 54 jets and more than 1300 military personnel are headed to air force base in alaska where is that to say come on i'll show you what's the reason for any type of enhanced u.s. military presence in this area russia. what is it suddenly about the south china sea that makes it so that it 11000000000 barrels of oil. take a look at this map who really owns what kind of says no it belongs to us india says

no we claim that that belongs to us both of these countries have nuclear weapons capabilities there is reason for concern so that's why we're going to drill down on this story for you today right here on the news with rick sanchez where you know as we always like to say we do believe by golly it's time to do news again. then it's good business mr telling again i will not even. walk when i literally. cannot do that you only. look so i let you go mad to turn on the. buses with debbie. as an approach. that will never see. the model.