summation for community are you going the right way or are you being led? direct? what is true? watch is faith. in a world corrupted, you need to descend to join us in the depths or a maybe in the shallows. i am max kaiser. this is the kaiser, if for remember the golden rule of bitcoin, you don't change bitcoin. bickley changes you face max keiser guess what citibank is now doing new math on big coin. yeah. it's to the

moon. i put my feet up like that because i do want to know that there were some comments in our orange pill espanol group read max scene, maybe s. and l. set is max without socks on the sets. and i could tell he for sure, i see bare feet here. that's another on substantiated conspiracy theory. of course i would be wearing socks. you need socks to get to the moon. you need to wear moon boots for sure. yeah. moon bits are a requirement. and a lot of other stuff is needed as the whole story unfolds. i can't believe what citibank to say, because citibank has become actually even more aggressive on the price than john mcafee. and john mcafee was always like crazy beyond the pale price predictions. and now citibank has kind of taken, they the price prediction crown,

but i think that we're going to have more banks are going to be competing with each other to come up with higher and higher price predictions. but none of them are going to be capture the ultimate bull market number because remember, big question has no top because fear money has no bottom. there are tons and tons of scammers with price predictions for big coin. but there's only a few that know what they're talking about. there's people like paul tudor jones. there are people like stan druckenmiller and there are people like max keiser max keiser has had a price target of 20000 in the near term for quite a while. back, you know, in 2011 or 12, he said it might go 210-0000. citibank is now looking at their 4 x. strategist is looking at and says that big claim price to reach 3 $118000.00 by december 2021. as the new gold, citi bank director says, bequests market cycles are becoming larger and the current bull trend could take it to $318000.00 by december 2021 predicted

a managing director at citi bank. he says this bull market started in 2018. that the bull markets and big coins have been getting longer and longer each cycle. and so this is why just based on comparing it to previous cycles and then being conservative about how much it's going to go up compared to previous cycles in the bitcoin market. since, you know, 2009 he says he's predicting a price of $318000.00 just based on a conservative estimate compared to previous trends. right. and he also said that he's looking for the dollar to have a sharp move down. right? so these 2 things go together and because you have money is something from the 20th century, the 19th century of the 18th century. and it's being discerned so mediated or disrupted by bitcoin, which offers perfect price discovery, the price of because it is perfect. it's mimics nature in that way. it's like the photosynthesis of money. it's the perfect price discovery, the perfect market maker between risk and reward between consciousness and humanity

. it's absolutely perfect and that's why people are running to it. now in issuing found money, we recently interviewed tone vai's here on kaiser report and he runs the conference called on confiscated all dot com and on confiscated will, is the quality of big queen that this managing director of citi bank says is uniquely makes it so good he says, big queen is the new gold. it is an asset with limited supply, it is digital, this is the 21st century. gold is a 20th century asset in moves across borders easily and ownership is opaque. the last point is, i believe, very relevant. the huge fiscal deterioration of today as a cost in the future, either directly or indirectly directly. it is that at some point, the bills have to be paid, which means at some time in the future, the money needs to be found while big question may become subject to more

regulatory constraints going forward. it is a natural store of money to avoid this indirectly. that argument can be the debasement a few currencies by creating high nominal growth and inflation. effectively, a soft default, i do not believe hard default, particularly in the world's reserve currency is a real concern. however, in lesser currencies, it could well be the word on confiscated walls, but before i get into that, just mention talking about the fault, remember 971 america faulted on its sovereign debt when it closed the gold window. so another default on the us dollar, it's highly likely, but this word on confiscate. a wall is important because what it means is that any 2 people in the world can transact without having to go through a 3rd party. and that means that not only is big on confiscate a vote, but it's also on some sort of all there's nothing that stops any 2 people in the world from transacting at any time. that means is perfect crisis covering it reflects the perfect sum total of all goods and services subjectively valued by all

humans on planet earth. every 2nd of every day, when you every put an intermediary in there like a bank or a country. if you have money is state money and other forms of credit are bank money. but if you get rid of all that, you just have to wreck one on one or one to a 1000000000 commerce happening simultaneously globally. you have peace actually is the ultimate upside of big point is that it's peace versus fear money because it's a ponzi scheme. it always favors war. it's important to remember what he meant. he mentions fiscal deterioration and inflation. and when he's talking to citibank, wealth clients, or j.p., morgan is talking to their high net worth individuals or fidelity is talking to their high net worth individuals. what these family offices and very wealthy people are concerned about is not speculation and money go up. money number go up,

they're concerned about retaining and keeping their wealth for the next generation or 2. so they want to make me not lose that wealth. so confiscation is often and usually done in the modern era through money printing through inflation. so they're saying he's saying that this is a better than gold, and terms of your wealth is not confiscate a bull through inflation or through in the case of gold in the united states has already been confiscated in the past. and obviously could be done again. he also mentions that you know that, because it's going to stand out in this world of c.b.d., c.s.o. this central bank, digital currencies versus gold. and he says this, this is a double edge sword on one side, it c, b, d, c. the central bank digital currency creates a much more effective mechanism for distributing stimulus, particularly fiscal, but on the other side, it also makes capital confiscation easier. for example,

negative interest rates, both these scenarios would look to me to be positive bit quine and in the 21st century give us the digital equivalent versus fi digital of what we saw in the 20th century when the financial regime changed. gold versus paper. and we said this quite a while ago that this is a sort of moment of like 1971 when we went off the gold standard. and in terms of just a huge regime change. and in terms of the wealth confiscation, you know, the negative interest rates get hit hardest to those who have savings and the savings. how if you look throughout europe, where they have applied negative interest rates to dollar to deposits in the banks . it's mostly been people over $100000.00 euros who are hit with these negative interest rates. so they're the ones that are going to be driving into gold and especially into big quine. once again. you know, kaiser report is ahead of the curve because when central bank digital currencies were 1st, being talked about,

a lot of the people in the other financial press were talking about in terms of all this is going to compete with bitcoin. but as we said at the time it is now citibank is agreeing with us that it actually causes people to panic, buy bitcoin, because they realize that the central bank, digital currency will just be a way to one inflate the value of the money. michael saylor calls it the melting ice cube, and big gives them easier ways to confiscate wealth. so now there's a panic by bitcoin and we're seeing on the price action. the price action is reflecting panic, buying and that panic buying is going to continue to panic. buying by not the ordinary public. you saw that 2017. you see in the google trends there was mass searching for quite how to buy that point back in 2017. huge spikes. anybody could go check it out today. there are not all the people buying it now. are those who will be hit by negative interest rates, who will be hit when this fiscal stimulus stars with the c, b, d, c's?

they are there michael saylor is they are the paul tudor jones. they are the stand druckenmiller is. these are people with billions of dollars and it's hard to hang on to billions of michael saylor says he wakes up in cold sweats thinking he doesn't have enough to claim he's clearly panic, buying decline. and so to anybody who's got any wealth that they want to preserve in an environment of unlimited paper, money being printed by the trillions and hundreds of trillions and a government in bold and to confiscate all property. i mean, you thought the saudis were bad and seizing all the princes. so wait until you see what america does do with oligarch's. this guy's opinion at citibank could be wrong because you know what, opinions often are wrong. but you know, it's never on the market. that's according to jesse livermore, one of the greatest traders all time, that's something he told me when we 1st, that of course, markets are never wrong. only opinions are. so we're going to turn to an opinion that keeps me wrong over and over when queen market prices were at a dollar at 10 dollars at 100 dollars,

1000 dollars at $10000.00 to $20000.00. he's always wrong. and that is peter schiff, the recent rise of big calling relative to gold in no way proves that big corn is a superior store of value. exuberant investors are flocking to risk assets and shunning safe havens worldwide. as a riskiest asset at the mall, bit coin is being bought as part of the risk on trade. i said, you know, peter schiff is the gift that keeps on giving. right? and it's great when i write, interact with him and not so much anymore because he's tired of losing the debates with me, but for a few years they're going all the way back to 2011. when i try to get peter schiff to buy because i had a dollar, you know, i was at his house in westport, connecticut, and his son was there too. and his son is now because i think i turned up at that time got the scene in his head. but with, with peter, whenever i do have a chance to interact with him, i try to shamelessly kind of pillory him and mock him. because i know those things go into the public record. so years from years from now, people can look at the you tubes of me, you know,

in person just calling peter schiff, a complete idiot and him having no response. because i knew i have known now for 5 years that he was dead wrong and just go down in history is the, the worst mining manager in history, exuberance investors though really? i mean, he's saying the shining safe havens will look at the u.s. treasury bond market as he, as he looked at, like 300 year high. it's like that's not exactly a risky asset. he has, he's the worst money manager in history. performance is horrible and adjusted for opportunity costs. he's been losing money at a rate of an incredible rate. it's amazing. but again, opinions you should do your own research. listen to peter schiff also read. paul tudor jones stand talking mellor. michael saylor and figure out who has more skin in the game, who's actually have has a better track record over 3040 years that you can see with some of these guys, computer stuff and right dahlia should open up a pub somewhere in the middle of nowhere. and cry in their beer all day long

because they messed up so badly anyway. then take a break when we come back, much more coming your way greater trying to do so. simpson, exacerbating alarming everyone who mindlessly actually what that means is we end up making solutions that long, but actually drink very little. it's just the kind of solutions that were tricks global warming.

welcome back to report. i'm max keiser time now to go to lorraine artie's from the bitcoin embassy in mexico city, where i perform a stand up rage in february just as the covert pandemic was going global laureano. welcome of the kaiser report. they give very much max, it is a pleasure for me to be here in your program. it actually is a dream come true. you know, i am really excited to be here. well, it's great to have yeah. now i know that with cove it times aren't exactly normal at the moment, but tell us about the bitcoin embassy when and why did you open it and what exactly do you do there? well, kind of visit our east physical place in mexico. where because i nurse and people

that east interested in in this can, is search for information and meet other people. it's really aren't about aids and radio then in december 2018. and yet they have been, if you call lately, because we had to be closed for months and now we're ok. and cells are a little bit low now. right. you know, or in a, when people talk about because when they talk about it as in terms of its ability to protect people's wealth, when things are bad or when hyperinflation hits, or there's a crisis. now here in, obviously around the world to cover it, pandemic, there is a global crisis. and, and so, is there a sense at the big point, embassy bar in mexico city now of a greater urgency?

like, you know, it was a theory before that because it was good in a crisis, but the crisis came and a people now understand more thoroughly what this big quite is all about. yet there they do actually that their recent, that we aren't still in business is because it will be coming because of their reserves that we have for our strummer say all seem to be the kind we have to certainly don't different during this time to keep on paying our employees already and everything. and now people are starting to search more information about this. we have over just the channel to where we did it teach people about these topics. they are, they're searching for us that they're there, approaching us and searching for an announcer to get us trying to get bent

because all the economics are collapsing, all the people who are in economic troubles. yeah. this has been, i see. now how did you 1st hear about decline? well actually i was planning a trip to japan and i started to make some savings. and i asked a friend that help my mom here with investments. where can i put this money to make it work? if i had hits on me, well i, i can introduce you to a friend that you seem some weight stuff about some cryptic or is your something like that and maybe you will like it. so he introduced me, they've been a real guy. that is my partner in the kind of a cigar and that's how i met he, he tell me a applebee's kind of and all they don't know, gee, that's left behind. much of the western world is in lockdown. and in the u.s.

we have the world reserve currency, of course, and we printed sound much of this money that americans during the crisis have seen their incomes and savings go up. of course, that's one of the great things about having the world reserve currency. what's the situation like in mexico during the lockdown? what are you saying really happening on the ground there during this global crisis? well, actually because south the united states is trending a lot of money and mexico are meant, i think we ask it, is some how to say to borrow to lend some money. but i think because of they can see an effect, and maybe it won't make the all the things worse here in mexico, you know, because by the time all that money comes here, it will be it will be worth less than the. so i'm seeing and

of people on the streets asking for money, much more than that was before. a lot of people is not seen. there is their employees and business are getting odds that they are closing. so i think on, on, on of day facts about all these money that's been brazen will be it will be found in much more time in how the state will finance what we will have on this issue in long time from. so you think that this will result in a long term problem going forward. and i would imagine also if you look at the latin america, all the countries are suffering and in a similar way. and of course, with,

with bitcoin, you have the ability to create your own individual sovereign say. but you know, in latin america, we know that for the most part, the political agenda tends to be what you would call a left wing. or and this is quite popular. political system in latin america is bitcoin. what do you tell your socialist friends about how they should maybe think about bitcoin as a way toward a more of a better way? actually, i don't have a lot of social, his friends because we dun, dun think the same. it's the same things, you know, because i am an,

an interpreter so, so they see me maybe yes, but 1st i'm kind of but i tell them that it is for everyone. but it kind is for everyone that wants to be somewhere and even if they are in a group, you know, i have song and i have talked to people that are in how do you say in collectives like i have some feminist friends and i have told them that they can even a shared beach if they want to. they can make a collection of pecan and share it with each other, you know, and they can be summer and that way they can help each other the way. so i think it's going and can be used in any way, even in capitalism and social. he's made me if you have that id at all for sharing, you can do. absolutely. so when talking a socialist, we should say that you can have your own node and share the network with everybody

on the network. you can share the code, it's open source with everyone on the network. you know, it today has a lot of ways you could convince socialists to participate and bitcoin and they could perhaps, you know, it's too bad. the country itself, of course, suffers from inflation as do many countries, as does america in its own way. and the government, of course, do you think the government has just what would never take on this concept of bitcoin here and in the united states. and we had an election and a couple of senate service are now very interested in big coen was one in wyoming, for example, that wants to bring walks, becoming to wyoming. are there any politicians in mexico that know about bitcoin, who want to push it for further into the establishment? actually, i don't know any, a mexican police should know most about beach kind. and they have tried to regulate

that, trying to regulate it, which is something call a fiend take in mexico, and they are up 92 exchanges and all. then how do you save on the companies that sell by but i think that things in the slow that they are doing is that because age you can see that they don't know they're talking about, but they're trying. so yeah, i think that here in mexico and enough people don't know anything about the especially the part that they probably think it's difficult to even get the a conversation started. i know that when i, with men in mexico city, of course we're good friends with us, a writer, a guest at bet. so which is a very influential in spreading the word. and i know at the big, quite embassy bar where you wear your work. it brings in a lot of folks and that the message of course,

of bitcoin is beyond just financial freedom or individual sovereignty. there is a lot that goes with it as well, where people have something to say about the improvement of their their spiritual wellbeing. if you will, i noticed when i travel in mexico, you know, the culture is so vibrant, so rich, so beautiful, and it's so uplifting. it seems like the character of the people in mexico and because they would go together naturally. what do you think of this mexican culture is about before the difference? we, everybody because in india is kind of like that too. you know, he's like a way to share with everybody. so when one mexican people know about, it's good. they want to spread the word, they want to tell other people to save them, you know, and to,

to share with them all the knowledge that they have accomplished. so. so i think that's, that's kind of a good thing about. 1 mexican people who do want to share with each other to want to be friends and to, to give them some advice and to say, so let's look ahead post covais the world. you have been working what to say rodriguez, as we mentioned before on organizing a huge event, the block chain land, which is an enormous event, a ferry cost $60000.00 or $70000.00. people attend this event. it's a technology and entrepreneur event. can you tell us about it? this is in an event called talent land is one of the biggest of latin america. and they have a lot of let's you know, game land a human on their hands there. they have a lot of, especially in the matter in their hands,

an earplug west integrated to treat years ago. i think so. was that the 1st to learn? a lot of the part that you see in the community is critical. resist change. john, there is get together there and we share it with other people. the things that we know, you know, i'm sorry. and the things that we know. so we participate and we share our experiences and the knowledge that really, that we have collected through this time. and i think is very important, these events because i don't have students seats and go there when it's basic. so we are a, making an impact in, a new generation in people from 101315, b., engineers all. and he's really,

he's really amazing to get to those people because they are the next generation. they are learning a role in that age will make an impact in the, in the global economics toradol arena. our teams, thanks for being on kaiser report. thank you so much rests they had to stacy out, will do. all right, that's going to do it for this edition of kaiser report with me. max kaiser and stacy herbert like to thank our guest. lorraine are tazz. if you're an mexico city, please visit the bar. it's like time i was always on the bull, but i'm pleased to show you big city bright lights, huge opportunities and many dangers for blatantly to

do. it's also a city where up to $300000.00 crimes are committed every year for the whole of the last, when they built the new mosque, it's filled to the reserve least one police officer for every 200 residents in russia's capital cost on our wish. it were true that i will not go up boysen, you know, for the most of the people who would have to last is your media a reflection of reality in a world transformed what will make you feel safe, isolation community. are you going the right way,

or are you being led by a what is truth? what is faith? in a world corrupted, you need to descend to join us in the depths or a mate in the shallows. a new gold rush is underway and gonna thousands of ill equipped workers are flocking to the gold fields, hoping to strike it. rich is a good cause that yoke by those that work children, a tool in between gold my family was very poor. i thought i was doing my best to get back to school. which side will have the strongest appeal

of australian troops are accused of murdering 39 unarmed civilians in afghanistan. an official war crimes report describes the practice as a bloody republican election. officials claim they were bullied into sort of find the election results in the state of michigan through intimidation, deception, and threats of violence. thanks to president united states recognize israel, and so we are with the golan heights. prime minister benjamin netanyahu. thanks, washington for recognizing it territories claimed by israel. although those policies are expected to be reversed by the next administration.