producing anything like a toyota or a ford or some other company where you could look at the actual products in a meaningful context of the global economy and ascribe a value to it you can simply say that well we think that tesla has a meaning which is mostly a mame and in money is a mean so we're going to make there were $600000000000.00 today and it could be worth it could drop 90 percent tomorrow and there's really there's nothing there it's just they captured the imagination now full disclosure you know i bought some tesla. last year and you know i'm up 800 percent and i still hold onto it because i don't have any i don't have any reason to think that the mania driving test flows are going to end anytime soon. because this is the economy that we're in but his comment is kind of ironic because he says if you want stuff you need to make stuff but if he was actually making stuff the stock would be 90 percent cheaper right

there's tesla but this also space x. and starlink so he is has spent during this covert lockdown you see all these advances coming from china as we were was covered recently with dan collins in the kaiser report you see these nonstop new things like that nuclear powered sun artificial sun with. space x. you've seen several launches this year you've also seen all the satellites being launched so he is doing stuff it's just not that the ordinary person can't participate because it's those are privately held company so he's getting to do that now with this with the publicly owned company tesla he seems to do the least amount of work that is needed and he gets to live off of the mean that he is in the rest of the economy is valued so high is because he doesn't make a lot of stuff yet at scale if you made the same number of cars as chrysler or or ever say he's been so you know on then. could be 90 percent cheaper the fact that

he doesn't make stuff is why the stock is so high right well we're going to go into that because in this next headline from wall street dot com he talks about that tesla shares are up 677 percent just this year 2020 alone which is outperforming even big queen this year so you know that does create bitterness in people who don't hold any and you know i personally don't own and some maxed right when i saw him on joe rogan show originally he was making fun of the s.c.c. and who is participating in some behavior that some would consider inappropriate and i that's what i double down and so i figured this is the perfect capitalist for a 2020 year this is the perfect guy in the stock as i'm just going to go crazy well the p. e. ratio is 1000 $220.00 at the current moment and the market cap yes it's almost $600000000000.00 a $578000000000.00 there's tesla compared to toyota volkswagen dime learned g.m. b.m.w. honda and bird so as big as all of those combined they will be on monday the 6th

largest company in the s. and p. $500.00 after amazon google ball and you know that sort of company right you know i mean i suppose you could think about tesla as an emerging play in the homelessness crisis because i can imagine folks basically living in their auto driven. having nothing else and then they are going to plug into the galactus e-mail as i've described it clicking ads to survive to get a few more electrical volts to power your tesla for another couple of miles so the in sexualization of humanity could be enabled by tesla and if you get a piece of all that gear there's $270.00 trillion dollars in debt in the world you know and there's that's all been printed that's like most all of that been printed in the last 10 years really so. this is worth 0 mostel what 3 quarters of

a 6th ounce of a trillion dollars in the global cup with $270.00 trillion you know there's no reason why a stock could be 10 trillion dollars and in this kind of environment because i am because it's absolutely scarce and has properties that are gold but much better yes big question can get to 10 to 20 trillion dollars and valuation that is a dead certainty i am sure of it. because it's more fab driven like the holder who heard silly putty right i mean the move the market can move pretty quickly and we could you could see a 90 percent drop hopefully won't happen in an hour because i want to be able to capture away some of that game right well in the meantime this is what the chart is showing and this is according to wall street dot com quadruple why it's chart of the new year this goes back to 2018 that was the nice time to get by some when i was down below 80 dollars no member everyone hated it back then yes because it was

always just getting green credits and it's a mirage and it's a fake and it's i'm going to short it all the short sellers 1st pounding it with the short sales and they hated everyone hated it down at that price they love it up here near 600000000000 well this is where all the haters really got slaughtered the short sellers they this company tesla had so many short sellers like groups online groups short selling and trying to gather photo graphic evidence that there were no cars actually being delivered and that was a debacle this company so that's when he came out when he tried to fight the short sellers and he came out with a tweet saying that the saudis were going to buy it for 20 and take a private and the price back down was like under $200.00 and and then he had to apologize to the f.c.c. or whatever but out obviously that would have been a good deal had they bought it for 20 because it continued to go up and it's over long so there's a great lesson in that. he mocked the s.e.c.

yeah openly mock the f.c.c. just made monkeys of the securities and exchange commission people in the big going community need to keep this in mind the f.c.c. is nothing. that a well placed phone call can fix if you know what i mean and this is exactly what we've seen with tesla and he's also selling stock at these high prices yeah he's just selling stock out there and his balance sheets zooming higher and higher based on this stock a mania and demand understands to where we are in the current cycle of money there is literally hundreds of trillions of dollars you can pick if if you're not you know a millionaire really ask yourself what the problem is at this point well i mean you have a combination of things right so covert lockdowns started right about here before it started to soar so what happened then you can't go to the movies you can't go see the feature films you can't see a big story you can't you can't dream you can't have the american dream you can't

fantasize right this is a fantasy and people are involved in and they get to see that's one thing we get to see and i have to say you know space x. like i think the glory of the stuff he's done with space x. has kind of spilled over into his tesla stock so he does those they do amazing productions with their live streams of the space x. launches that they've done and it's really tense people are gripped by is unifying the nation is unifying the world you know he's not just you know he has multiple citizenships and multiple you know huge factories around the world so he's like he's a global story and he's something positive that has happened this year so that you know you know from hollywood stock exchange that sort of buzz and good vibe and dreaming you know he's enabling people to dream during these dark times and you look at the space x. on a separate entity yes sign clued into the rockets blow up in space x. if space x. were included. in tousled the stock wouldn't be as high as it is though either

because of all these rockets blowing up people would go oh my gosh i'm going to short sell this one right the fact that all the risk of the rocket blow are in a separate entity off with another company to me that's another genius move but it's still glamorous and that's how i believe that's my feeling that's why you own tesla and has done well and i think you did it because of the glamour of iran mosque and the story he sells and it doesn't matter if it's real or not because in fact tesla has a market share of the global passenger vehicle market of about one percent it's just a small automaker but tesla's market cap of $578000000000.00 is now about 'd equal to the combined market cap of toyota toyota and lexus volkswagen which is v v.w. audi porsche and many other brands dine large g.m. b.m.w. honda and ford which is an amazing sight and they know that he's raised about close to $15000000000.00 just the fast few months so he's he's quitting and that does

protect him from the short sellers because at that time last year when he was confronting the short sellers like they were short of cash they were running out of cash in terms of keeping their enterprise going but now they have they have enough for for quite a while they've got cash plus the thing that really hurts short sellers would be to introduce a dividend ok thank you my introduce a different way to fight the short sellers because the short sellers have to pay that so that's one way to fight sharks on so he's got a lot of cash he could pay dividends now i want to quickly move at the end here to this other story because you mentioned joe rogan podcast and this is something for everybody in the audience to watch because you know you've been able to watch guys report for 12 years now and the likes of joe rogan joe rogan has been amazing at covering the story he's covered coronavirus and this article points out that she's interviewed some people who are conspiracy theorists regarding coronavirus but we watched the one way he interviewed the world expert of her home who said he's a he's in minnesota he's a professor there and he's now under. the bite into ministration taking over the

cone of oil virus task force as well so here is the guardian which is progressive left wing and the united kingdom and just to see what's coming forward and abide in administrator and on the left in charge are very authoritarian and certain terms of free speech sinister sound podcasts are becoming the new medium of misinformation so they're basically agitating to have the likes of joe rogan taken down and not given free rein to be distributed to people online and i do want to say this is the same exact outlet that you could still though you can go right now to do your own research check this out go google it guardian still has on their website from 2018 man a 4th held secret talks with a songe an ecuadorian embassy sources say that's still up there spend disproven by muller by the all the investigations in the senate. of man for himself who gave evidence to its investigators it's already been debunked but they refused to take

it down so anybody looking to do research on this whole russia gates period of time they would still get this misinformation and there's no correction no warning sign that the this is been debunked right well if you're reading the guardian how fun being core. are i'm going to take a break they when we come back let's work coming your way. problem drugs don't always come from unscrupulous doulas but from pharmacies to in every state in the united states we see a very sharp increase in the number of people seeking treatment for addiction to prescription opioids oids invented america under the banner of medicine persisted

with the pain but instead of trying to wean him off though she did those efforts at her dose after dose and really became his drug dealer soon who's to blame patients doctors manufacturers other governments. as it is a dead. end of the research registering. as weapon of mass communication is spreading. that way to. dead end of entities to dangerous enemy beda basis. into a 1000000000 contaminated kunda deal is unimaginable affect your.

tentative vision. if you start to question. that in a way to. determine. to media. that it is safe. to get exposed to r.t. active waves decontaminated. your eyes it is as break everything to. her. if you can defend yourself and enjoy the. communication. said. they're going to be all same gave you.

the ball. you can look silly. so you feel like just a little mom yes it's good to feel it isn't mobile go a. little bit. that actually not. as good. as it is for those who would accept a. belief in this film. room

welcome back to the kaiser report imax keyser time that to get across some out scare city chris welcome to the kaiser report max it's great to be here thanks for having me now what is scarcity the name is awesome why did you build that scarcity is a marketplace for selling that coined goods with coined and with bitcoin technology we've built it because as i got wrapped into a big corn rabbit hole i was gravitated towards the creative aspect of bitcoin and you know as i did so big corn to its logical conclusion i realized that some of

this art that was being created by these artists would age to be become iconic and relics of the early stages of our renaissance here and then i saw some of my decor and they were to coin artists selling their works for each other and you know you don't have to be a maximalist to realize that doesn't feel right so i wanted to create it another solution that was more authentic to point so we came up with some test products we did a test they don't and we've been able to attract a great community from derek who helped us come up with some amazing ideas and things are going really well so far and i saw some of my ties on scarcity and we can absolutely see. all right sell them for those in the audience who don't know what it is and what is lightning network and why did you choose to build on lighting network lighting network it is a protocol built on top of bitcoin to instantly anonymously settle point payments

with minimal fees we decided to build on top of it because we created a 1st of its kind auction that used coin or lightning payments to and studly anonymously collateralized auction bids with minimal fees the way it is where. that is if you want to bid on an auction you put in how much you want to bid we give you a lightning envoys to pay that represents a small percentage of that bid amount and once the auction is over the your highest bidder has 24 hours to pay the remaining balance of their bid if they fail to pay and lose their collateral and the next highest bidder has their chance that as soon as the items pay for all remaining participants get their collateral back so you come to this from the perspective of a technologist primarily who is also i said an art are you have an art background and you came into it typically in that way primarily through technology i've been working on tech startups for over 10 years and it was really

a bit coined that got me into art because i started really realizing the significance of the moment we were and are is the most pure expression of that that's a fascinating a statement to make really i think it's it is a renaissance to point out and we explore that quite extensively in our arms bill podcast every every sunday now you launched into the world with an option for an amazing work of the art from chief monkey and mosaic rocks that kaiser report will highlight in our end of the year special it's called it rate relentless optimism tell us about the auction and what did you learn from the work of art is an absolutely stunning and it's a bit coin phoenix launching a physical decline and it's inspired by the 988 economist magazine cover that asks are you ready for it we're on currency you know this is become a medium within decorum circles and she's monkee in most rocks they did it in

a perfect justice with their beautiful nose a representation of it. the auction and it was our 1st lighting auction went really well and we didn't know what to expect we battle tested this product the best we could but you never know and so you throw it out into the wild. and over the course of 3 days we had 19 bitters to place 3 bids and the total amount bid was almost equal to that point and the final winning bid was exactly one bitcoin exceeded our expectations across the board. there were many times in the final hour where it felt like the option was going to and in the last seconds this would come through and extend the auction time or buy another 15 minutes so it was a there was a real thriller for years now i've heard that because it suffers from a scaling issue it casts callate there's a 2nd layer of course the developer is a bit quieter like luck where creating the scarcest item the commodity cash item in

the history of the of the universe really and and so we have to take our time with it are we now past that are we now basically big going to do anything any other all client including in theory and can ever do or will ever do are we now kind of like past all the fun i think we're certainly going to resurrection you know this is software built on top of bitcoin so security is of top priority of course we won't ever move as fast as you know the lease 6 years coins out there but when we do build on top of bitcoin it's going to be secure and it's going to be something we can be confident lightning network is typically has really far since we started working with it just over the past 6 months you know in the beginning it was difficult to set up a lightning wall that you could only do payments were under $100.00 in value for our auction we had a collateral payments up to $400.00 and the point and they were executed flawlessly

so every day it gets easier and easier reminds me of the early days of using the internet you know using a well instant messenger was a terrible experience in it but this is a stock where there is a committed and really intelligent attempt intelligence community. that's building the software and it's just going to improve over time when you make a good point there that once you leave because the tradeoff is security and that can get very bad very quickly including with this area which has had multiple hacks over the years and who knows how many that of them are there they've never bet an audit. anything on their i would say would qualify as insecure and with bitcoin of course you've got the the best and the most secure now there's another allocation out there spanx stop chat which is helping to monetize yeah to test it out tell us a little bit about it what's been your experience because this is really fascinating stuff lightning it's about much more than just your peer micro payments and it

unleashes a whole new toolkit for active elevators and one of those is being able to stream content as well as being able to send communication through payment that is built on top of the native privacy of the writing network and sticks shot as tapped into both of these capabilities 1st i'm creating a chat app and i believe a bit you know. that sends messages over my new network in a way that's a problem it is as private as i believe you can get and also by streaming content specifically podcast content and this is just the beginning i think of what's possible when it comes to content communication using current stack might mean that we're yeah i mean that with bitcoin all it takes is a few bucks and a millionaire and. millions of the toshiba's to play with and i've got potentially billions of people around the world and an artist can come are all round and create

something that catches the imagination of the world and instead of the social networking companies like facebook and twitter and the others capturing all that revenue from all the traffic it goes directly to the artists who can monetize their art through the. the viral sensation of their art with a toshiba with with bad color and they the loser in all this sort of a they answer media areas and those people that are gatekeepers that you know i don't not against making money but they've abused their power into the realm of censorship which is unfortunately stepped over the constitutional bounds that they should be you know. you know they should be a bang those those barriers so is this a free speech issue as well as well mark i think absolutely you know censorship is going to become more and more of an issue as we don't do you are into the information age is just it's just the way it's going to be and we need to have

technologies that. empower the individuals you know the same technology down allows the venezuelan government you kruk acts that also allows the citizens of venezuela to leave the country while retaining their well so it's totally democratized across the board and like any technology is going to have its good and evil but at the end of the day it's necessary now there's so many folks in the in the gens a who are out the straits protest saying and they are rallying around the cause of being woke in some way they've taken the red pill and they are going to take it anymore but what should those people just be buying big point at this point as the best form of civil disobedience imaginable to defund the powers that they are protesting against chris that's what got me in through you know i was watching the global markets and. early 2000 towns and seeing central bankers around the world

just you can down the road to him clear that they were not going to quit printing money and i started realizing the societal implications of this law specifically. you know in a quote. and it made me angry. first want to see it happen but then especially angry to you as an investor that i was the worst to farmed if this were started believed i was proud of what opened me up and in prepared me to be ready for decline and when you know you came back with the you know who you down 62017 i was ready for and it you're absolutely right it's a protest of consequence. continuously we have these uprisings where people have streets and it makes headlines for a little bit or we have a new election and people get a chance to vote on a new politician but that doesn't change the underlying genetic aren't emmett's of

bitcoin it's a 1st technology i've experienced that allows us to actually take our weight from the 1st and we don't really went and put our power in to reduce those than that has a chance to be more fair for everybody and look about the various generations that have come around there was just the boomers then there was jack's then we had to let ailes and jed say the gen x. crowd of course sad cultural touchstones like. clueless was a film that came out or slackers they've kind of prided themselves in not really knowing anything about the same as how to get to the millennial or the gen to say they're like wait a minute the boomers stole everything and now we get need to get it back is that you say this generation gap and i've got about 10 seconds there's only one chart that matters and that is the inner quality rising in the world and as long as that continues to widen the social unrest is only going to increase where do we absolutely need need a solution and corners or best option christiane thanks so much for being on the

kaiser report thank you max all right that's going to death for this edition of kaiser a part with me backs kaiser as they say however let's thank our guests chris from out if you scarce city until next time by all. as the u.s. economy was booming growing numbers of people were made homeless. you can work 40 hours in a week and still not have enough to get housing everybody believes america still is the land of opportunity the reality of it is we're not financially equality and the lack of affordable housing for a living minimum wage gave many people no choice so that's been a problem with the city the law has turned to a machete a cold a stay way out almost all of the food is if there is no answer because yes the

requires at least once some most vulnerable are abandoned on the streets to become invisible clubs. television some demonstrators right now the propaganda machine. is showing sure i should. think you can go. i'm sure. like.

they still would cause. you to go away. luck. plays.

a player. play. in the day's headlines the u.s. food and drug administration reveals its now probing 5 allergic reactions to the pfizer fantastic vaccine and putting 3 alaskan workers. also this hour a top u.s. consultant to vaccine manufacturers tells our team that water jobs do look promising only part of the solution. and i'm not pessimistic about the exact scene. reducing the infection whether it.