you know, where plato did this, you know, with fantastic it's, it's a hyper emotional elite and their elite messaging system must be, has called it, their elites messaging system has failed. they are unable to communicate with reality. and this is them shouting, at reality. and reality is just like continuously asserts itself. so i think that's it's, it's part and parcel of this, you know, the decline of the empire and rise of another power and they don't know how to explain it. they don't know how to obviously admit guilt of their role in, for example, sending all our jobs over to china. they can admit that. but the end at the end of the day, reality wins. and we're going to look at some reality imposing itself. the same sort of me imposing itself on the u.s. dollar. stan druckenmiller and bill miller on the news. right. and people laugh there is means going around that every investor is a legendary investor. but stand back and dollar and bill miller are 2 legendary

investors. this is huge quote from stanley druckenmiller. i'm a bit of a dinosaur, but i have warmed up to the fact that big queen could be an asset class that has a lot of attraction as a store of value says legendary investor stanley druckenmiller. well, this is the poster jones effect, a member on this show 1st of all for 10 years. i've been talking to a pickle and he said the game theory baked into the protocol works its way through bigger and bigger trenches of the financial world. so 1st started off with collectors and speculators and hackers and then it moved on to the corporate level and then it moved on more to with michael saylor over there. micro strategy, a corporate balance sheet. strategic reserve love on now it's moving up to the biggest managers of wealth in the world who bennett, literally trillions and trillions of $1.10 trillion dollars to be exact is managed by various money management firms and what they are now getting sucked into

a poll. tudor jones, rightly said, i believe the fastest horse in the race, even though because he's already been up 9000000 percent. it's got another 40 to 80 x. to go. right. and of course then druckenmiller is famous for basically crashing the pound, taking on the bank of england. and we talk more about that tomorrow on orange pill podcast. so you should check it out because we go deep dive into crashing the pound . and what that says like his, his position here and big coin is he mimics paul tudor. johnson says it will. he owns a lot of gold. and for the same reason that he owns gold, he's now owns bitcoin. any thanks. if, if gold performs well, he said, because it will do even better because he believes the dollar is in for a bad time. and so this is a bet against the dollar. this is the dollar shouting about the reality of the, of the u.s. dollar system. and this is the reality of what is actually going to happen. i.e.

there's going to be that, that shouting that sanctioning that censorship, that's over. and golden bitcoin are the future. yes. curious that all these big guns are really taking a position against the u.s. dollars. they've got stan, stan druckenmiller, you've also, if you dollar is right dahlia heavy into gold, he thinks the dollar is going to be a very bad situation going forward. he has not yet jumped into the bitcoin boat, but i predict you will very soon. you've got warren buffett. he doesn't like big point, but he is putting a lot of money work in japan. that's a get out of the dollar. and you've got poulter, jones is having to go having to because so all of the titanic, you know, movers and shakers of the global financial world are tiptoeing away from the dollar . at one point, they're all the trap door will open,

the dollar will be limit down every day for $23.00 weeks and there'll be no coming back. but if you're not positioned to head that your trouble stand up in an hour is in the hedge fund world, he's worth about 4000000000. paul tudor jones is worth about 5000000000 that to hedge fund kings. you mentioned warren buffett. he's a value investor, so he buy stocks for the long haul that he thinks are under undervalued and another similar value. investor is bill miller, who became legendary at legg mason, a big fund out of boston. and he became famous when he had those 15 years in a row from 1901900 to 2005 of the, you know, no losses. he just kept outperforming the market. well, he says, wall street legend bill miller reveal strong big recommendation despite massive price surge. wall street legend, bill miller, the founder of investment manager miller value partners,

says had he strongly recommends, big question at current prices, branding at the single best performing asset class in the last year, 5 year and 10 year periods. i think it's, you know, that the mean, this crazy mean that we see all around us. it's no coincidence that we're seeing this right at the election time that the likes of, of, of bill miller, of them talking. miller coming out now and saying they're going along, pickling, look so much of the money around the world. $100.00 trillion dollars worth that's matters is done algorithmically done using automatic asset allocation models. because most people around the world have their money being bad if they just don't want to lose money and they want to keep at least abreast or possibly outperform inflation if they can, right? most people aren't looking to shoot the lights out. they just want a good representation in their investments to make sure that they stay with or slightly ahead of inflation of possible. what happens when, as bill miller says, because shows up as the best performing asset for

a one year 3 or 5 year tenure. ok, that information goes into the database and then it's broadcast out of that $100000000.00 pool of capital. and a most of that money is odd, rhythmically or automatically program where they by virtue of statutory statutory sherry responsibility. well, if it's a fiduciary responsibility, but the program will kick in automatically automatically think, then they need representation to mimic that representation that they need the asset they need to have. they need to be to the asset that's in that performance bucket of that performance level. right? so a lot of people now, for example, micro strategies got 420000000000, they invested now it's over almost, you know, 5 or 600000000000. a lot of that stocks held in the pension accounts of people all over europe and all over the world. so people don't even know they own big point, but by owning micro strategy and then they'll say, why is micro strategy? what's that all about? what the olympic way was to? and then it just the permeates because remember, because it is 2 things. it's gold,

me, it's a messaging app. that's what it is. it grows like a messaging app exponentially, but it's, you know, has the properties of gold, of being, in this case, absolutely scarce, immutable censorship resistant and, and really important around uncut office capable. keep, keep, keep hobbling around and keep hotlink, keep ottilie and again, korean is that cat sitting there, like, what are you people doing? money printing job is dead, is that that is because it is the worst, like the jerome pollard, janet yellen, of the new 21st century monetary reality is the big cat. cat is these are jerome pow, this is the fed shouting at bitcoin, shouting at the new reality, the real reality and calm cat, honey, badger. cat. right, so now bill miller,

in talking about all these banks and stuff, this is an interesting way he phrased this. he said, i think every major bank, every major investment bank, every major high net worth firm is going to eventually have some exposure to big corn or what's like it, which is gold or some kind of commodities. miller said, adding that he thinks inflation is coming back due to the federal reserve gunning the money supply. so here's how i see this again. federal reserve gunning the money, monetary supply. big question, that's how i see this means that is the way this mean is interpreted by me. but notice how what you said there about bitcoin. big question comes 1st, then gold. he said they're going to get some exposure to big coin or what's like it, which is gold or some kind of crowded place now, jumped ahead ago. people are dumping gold e.t.f. and they're buying bitcoin. but this is a couple of things for, you know, you have to dig into this a little bit. so he's saying that because it is performing, going to perform gold. he's saying that gold is the 2nd fiddle in this whole race

toward inflation and inflation beating. remember that of many of the fed, the statement from drawled col and others is that they're fighting, inflate the fighting deflation. they're fighting deflation. they're saying that that's actually a hoax. the real problem is inflation. that's why they're buying gold and big coins because the fight against deflation, which is caused by debt money is being perpetrated by the central banks by printing more debt money. right? if you just have thought you had like, wow, that would only make the problem worse. you're right, so now they're carrying capacity for planet earth and that planet is 90 chilean dollars g.d.p. earth. and there's close to $300.00 trillion dollars of debt. ok, the carrying capacity of earth for debt has reached its saturation point, so that every new, fresh dollar of debt, it won't hide the asset price inflation. that's really going on any more. it'll show up, bang. oh my god, my groceries are 40 percent higher than they were

a month ago. oh, my god, my electricity bill, just want to know my god, i'm broke. oh my god, the dollar just collapsed. oh my god, i'm living in the 3rd world. oh my god, how did this all happen? don't be a sucker. but that's what i've been saying about this mean is that it is the money printing that is the economic policy. that is the fiscal policy, that is r.e. our global trade policy. this is what we've been doing, a denying reality, exists a reality system and sitting there like waiting for it all to fall apart. that's the hysterical thing. that no matter how much emotion you put into your performance reality, it doesn't matter. it's going to get it, and that's what, of course, all hedge funds are judged only by their performance. i say, don't perform, then they could shout it all you want. you could brag all you want about you or your program and, and your ideology. but if it doesn't perform, you crash, right, greg dowle, you could point. he wrote a book called principles. everyone love that this is the greatest book ever houses performance this year. he's down 18 percent. absolutely. heart complete nightmare

lost tons of money for everybody. does not pick going and if he doesn't buy points in reich, you're going to be out of business within 24 months. i'm almost 100 percent guaranteed of that, but i don't think you're stupid enough not to buy because i'm so welcome. welcome ray. finally you dunce. all right, we're going to take a break and when we come back, much more coming your way. was a pandemic? no, certainly no borders and just flying to nationalities. as we do it looks like to be judged. 2 as commentary, this is more we can do better, we should everyone is contributing each of our own way. but we also know that this

crisis will not go on forever. the challenges created with the response has been much so many good people are helping us. it makes us feel very proud that we are in it together. this is a story of women and women with troubled histories and complex court cases. you know, some of those deadly believe i was out there were not the person that a cheesiness employee. they are considered the most dangerous of criminals. she's in a still falling off 23 hours of the day. tell me that it's not enough punishment in the world of women on death row.

the world is driven by, shaped by our own person. who dares thinks we dare to ask welcome back to the kaiser report m.x. kaiser time now to turn to tune of amy z's

a former options and derivatives trader turned a bit cleaner and he's also the un confiscate a bull dot com conference organizer tune. welcome back. was here. what are interesting primes? religion in right now? well, i want to get your insight into this from being an options guy, trader coiner and just see what your thoughts are here. so as at the time of this recording, trump has not conceded, but does it matter to bit coin? who is president tom does not so it sure. record bitcoin to perform well in discouraging market. i believe that the bull market in big quiet i'd be gone earlier this year after the big drop back in march. during coded everything sproul all private assets to get here from stocks through precious metals, m. bit quiet and dots. when i finally became a wall,

just those bitcoin was getting our oats. what $1000.00 rights? not big drop. and i think your column is that big bull psycho and no news is going to interfere with dot. i am, it's being points right. and it doesn't matter who the president is, your trader, and there is a site if seller exhaustion, meaning that when all the sellers of salt and there's no more sellers left than any kind of buying interest that comes in, you get an uptick. and that uptick attracts more up ticks and it becomes, you know, a ball cycle. and i think that's where we're at now. now another question i have for you is you have advanced degrees and mathematics and looking at the trump situation. and he's, as i said, he hasn't conceded, but do you agree that you should challenge some of the votes in the courts? there's a lot of folks looking at this in terms of statistical analysis. and that, that kind of a mathematical approach. delved into that and then what are you saying?

yeah, that's an interesting question and that is right. there is some but the magical is that this the call evidence. some people have very strange in this current voting election. but i don't think that kind of math and mystical analysis is what should be focused on in courts to challenge the system. this is something interesting to look at. know, i tweeted out a low bit, i'm proud of it, but once again, the reason why it's interesting is because that's math, that's kind of poor, but it's probably not enough. in this case. they should have actual evidence or who are a fraud, and i don't think that's going to be very difficult to find whatever caused those statistical anomalies. and that's what should be brought into the court system like you've got to go through the underlying truth of god. but it's great that there are some mathematics not wearing shoes into a certain regions into a certain i just announced he's not saying, hey, because

a map of this counties that this next seemed to be a little abnormal. now let's begin to wait. now let's take a look at what really happened with the votes. so many things seem to be going wrong with the u.s. voting election. and that's the big problem. problem is, like, i don't want to say i can't believe it's happening in the u.s., . i actually can't believe that it's happening in the, in the u.s., but it sure would be happening in the u.s. considering what a higher moral ground us likes that they would house they are. there are elections are compared to foreign nations and not the u.s. looks like a moral laughingstock with what's going on with the actual election and what you know, the phrase and bitcoin don't trust, verify. and the entire network is backed by the protocol and the algorithm and the mathematical certainty of absolute scarcity accent. and in the united states,

as you point out, there's a history of election problems. i mean ben, back in 2000, we have a hanging chad in florida. scenario it seems like every single election, there are some problems in some way. an offense, not a close election people just kind of ignore it. but why in this age, where abas on can tell you at any 2nd a any day where a razor is on what airplane at what altitude heading to what direction, and how much you paid for it? what their cost basis was and how much the profit from it, and what'll impact it will have on stock options. do we still use an antiquated system that seems come from the previous century and at the scope of it? why, why are we being abused as americans? why are americans being a b is by the politicians in this way. tom, not snow, figure out exactly what climate will be deliberately alice and how many stops the wait is good. i only get my razor is why stop the way from my house,

but i hear you are right there because most people aren't interested in a fair system because both already think that big inhabited planets and this time around the democrats really think it's all another level i don't think this is anything like what probably been 2000 and i remember the 2000 election still fairly young, but i remember a while i was ok. and it was literally just ordered on and florida was so close. dot florida be key in this area of controversy, but the fact i don't think anyone intended to steal more, but one, they realized that it was probably like 5 votes in one direction or the other of both sides decided to do what they could after the fact this time, it seems to be pretty clear that everything was ramped up to happen before the

votes were even counted in order to make them count a certain way. and this is so much more dangerous than what happened back then. and i don't think us now seen anything like it, but yes, there have been voter irregularities and there might have been some election fraud . but there is, you know, election fraud. and then there was a lection, broad. and this time around, i think a basic or more of the election fraud, the problem with the place in america, not both applied by a 100 and that's what you have here in 2020. and honestly, i think both sides want to get rid of truong. it's not just the democrats, i think the majority of republicans don't want to be there, and they would rather have biden than strong charges fighting both parties right now. there are more supporters of the republican party than the product already, but ice fighting them both asked for how to make an election better. a lot of people are saying the bloc change, acknowledge she could really help in election. i am not sure about dot so far. the

only real use case of watching the knowledge ie has been bitcoin and its use as value transfer. and money blocking does not create truth block chamber, bitcoin block chain, at least puts all records into a database that cannot be changed that are immutable. but that doesn't mean that those records would be honest. what we are hearing in michigan, for example, is that thousands of the hundreds of thousands of votes were given to joe biden, instead of trump like they were supposed to be. and if you had a block involved, all that would median is now diesel diesel votes for biden, bender, it up in the block chain that are immutable. but that doesn't mean that those votes were valid before they went in. so assuming that a block chain solves this problem, i believe, is a little misguided, but i'll shall see what the courts say about all that,

said stella up in the air. all right, so leading up to election town. a few interesting things happen in the global monetary system. the i.m.f. argues that we need to do bretton woods, your thoughts about this. and if it happened to coincide with a bite and president say, versus a tromp, do you see any difference from him on that score? sure, awkward comment on that. the original bretton woods that took place in the forty's gave us a new version of the gold standard because the original gold standard was removed back in the thirty's by f.d.r. . but when people hear this, a lot of the libertarian people hear this, some people assume doubt, these political elites are interested in bringing back the gold standard that's not true at all. bretton woods simply refers to a meeting that took place in a certain place. so when presidents comes back, there will not be any hard money involved. it will not be backed by gold, it will not be backed by bitcoin. it's going to be just another way to try to get

stability in the unstable world of money printing. i could be the i.m.f. currency, it could be a basket of digital currencies from around the world, whatever it is, it's not going to be any different to the current system. just like all this talk of central bank digital currency. i don't understand it sent every single central bank in the world already has a central bank visual currency, the dollars essential by a digital currency. there's a very small percentage of the u.s. dollars that are in physical form, physical, scarce form of $100.00 bills. same thing goes for the euro and the pound and, and the yen. of course, a lot of these paper money is going to be removed and i just don't understand the inefficient. creating a whole new currency when all they really want is to eliminate paper money. right, while the legacy system, including the central banks, is built on debt, it's out that base. so potentially a central bank,

digital currency would be equity based in that regard and a huge swap going on it. but we'll see what happens. i want to get your thoughts on the news that stanley truckin miller, who is war, the most successful money managers in the world. he mentioned bitcoin recently, saying b.c. he's got a position. this is on top of politics. jones. bill miller, over at legg mason. i mean, these are the battleships. these are the tankers. you know, these are the big guns. they're moving into bitcoin now. and that's making people all who are the bitcoin bastards like roubini or peter sheriff or ray dalyell, they're looking like they're missing the game tone. yes. that's correct. and a lot more of these guys are starting to realize the value of because i'm not what's, what's more interesting to me is did they actually understand bitcoin? are they interested in bitcoin for more than simply making money?

if they make, if they buy big quite at the right point in time, a big one goes through its bull and bear cycles. some people bought it quite in a bear cycle. i was one of those people of what bitcoin and was promoting because right into the bubble of 2017 events i held onto it through the bear market at least i hope you did. but the question is, are they doing it because it's just a bull market, and are they going to be seen as smart only because they happen to also get lucky by getting into bitcoin. now, as it's starting, it's a poor run, or do they actually understand it? it seems like michael saylor really understands it from micro strategy. she's been doing a lot of interviews. speaks about big, very competently. but some of these other people are you have to listen to them some more to see. do they really understand it? because when they don't understand it, they end up buying into old coins like a theory, like big cash like light cohen and they start promoting things that are not going

to succeed. and this is how you can separate some smart investors from others. i know jack dorsey understands that when he said that their company is also putting money into bitcoin and let's see what happens going forward. i do think this is coming more and more from a smaller financial institutions. all right, so that's that, that's a thanks for being on castle report. thank you max. well, that's going to do it for this edition of kaiser report with me max kaiser and stacy ever want to thank our guests. vai's catches you tube channel. it's excellent . so next time i'll

do those little soup will push will be pushed into wu probably was sure put forward to the bench to put a gun you've got to go with us because all of this to do just about because those 2 could be gay and we will see in the movie, confused with who we've seen in the movies. he was by his emotions a bit. some of that is in your speech coming on and used to the 20th century was doing either of revolution, the great depression and world war the 21st century of mental illness. those aren't my words. that's what surfaced some psychometrist. the only question is, should we accept it as a fact?

israel 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 that direct? what is true? what is faith? in a world corrupted, you need to descend to join us in the depths or inmate in the shallow tactics that can be used to get innocent people to confess, to crimes. they didn't commit. i don't even think people in the us really get that the police are allowed to lie to the person who falsely fast actually came to believe the lie that they were told about their own behavior. once a false confession is taken, the case is closed and nobody really can tell the difference between

a good confession and one that isn't the one of the 2020 us presidential election. the president take a look at the history of just how different the u.s. foreign policy right now i think take off this country working from home should be being pushed by german economists.