you know what everybody will be using digital currencies just like everyone uses their i phones to have kodak to take pictures today while the financial media are far more interested in what funds are doing what stock markets are doing that kind of thing not really talking about the credit codes and all the other elements of the financial architecture the now use crypto. however central bankers must be realizing something what advice would you give to jerome powell at the fed andrew bailey at the bank of england that the european central bank presumably they know what's going on i don't know maybe you think they don't know with what's going on but if they do recognize this renaissance in currency and renaissance and capitalism what should they be doing now. closing your eyes and plugging your ears and ignoring something isn't a solution to the change that's coming so you have to educate yourself and learn about it and the best way to do it is to start using at the center receive some

digital currency with one of your friends or make a payment with it online there's more than 100000 websites they accepted on line and this truly is the future the invention of digital currencies was the most and one of the most important inventions in the entire history of humankind up there on par with the importance of the invention of the wheel or electricity of the internet that's a really really really big deal and you should ignoring digital currencies today would be like ignoring the internet in you know 1992 or something like that it's still really really early days things are just getting started but this truly is you know it's the 1st time in all of human history which in a woman being anywhere on the planet can now send or receive any amount of money with any other human being on the planet and they don't need permission from the bank of england or the federal reserve or any local bank or anybody else to do it it's literally unstoppable peer to peer electronic cash for the entire world and that's a fantastic thing for all of humankind because it increases trade and increases cooperation of people around the world and anybody that's trying to delay or hinder the adoption of digital currencies is delaying and hindering the progress of

humankind now this may have relevance but not a direct connection to the $40000000.00 plus people in the united states who can't eat tonight but as those people who are thinking of investing maybe they have just a few dollars what about how they're always being told it's too complicated we're really just talking about you go in a website it's still too complicated not only that we're constantly being. warned this is used by criminals this whole thing is basically a criminal drug dealing mass murder racket what do you say to them well i think you could make that exact same argument about the cia and the us dollar being a criminal mass murdering drug dealing racket so if you want to complain about that sort of thing i think you should look towards the cia and the us dollar and yes some people do use things like bitcoin for illegal things but all in all this is a wonderful thing for the world because anybody can send or receive any amount of money with anyone anywhere instantly basically for free and they don't need permission from anybody that's a good thing you have to be a really crazy tyrant to think that it's

a bad thing for people to have control of their own money this is a wonderful thing for all of humankind and big coin dot com makes it super easy to get started with no matter what country are in the world there and don't investor don't spend more money than you can afford to lose but you know you can head on over you know what the best place for people to get started with this noise got cash and you can get about a dollar of bitcoin cash goofing around with it's kind of like twitter like prop up form and tens of thousands of people are doing that every single day and getting a little bit of big coin cash over noice dot cash it's really an interesting website that just came online recently and as we're seeing with the censorship on twitter and other places it's really need to see some of these censorship resistant social media platforms starting to come online and starting to use digital currencies well the platforms are available we're not recommending any anything obviously on this on this show strictly regulated you can lose all your money etc let's just get to the psychology you be dealing with psychology right from the beginning of your big going to comb korea and i want to ask you what would the

motivation be behind those who suggest bitcoin crypto currency this is all wrong that you shouldn't be dealing with this you should be talking to your honest broker and bank manager i'm sure they exist and avoid avoid this revolution that you speak of. well i think it's just the incumbent players being afraid of competition i'm sure all the people at blockbuster video for those that know this video physical video rental chain they had in the us i'm sure they would tell their customers don't ever use netflix don't ever stream a movie on line that come to our store in person but no it's much more convenient for people to use things like that flicks or you tube to consume their media it's going to be much more useful for people to use digital currency in the future than it will to be was there you know bank of england or barclays or the bank of america or take your pick out there digital currencies are faster cheaper more reliable and easier to use than traditional things people going to wind up using them and that's

what we're seeing happening around the world i thought you going to give a different answer because isn't there more to this this isn't like videos on a friday night this threatens dimensions based on ideology on politics in a concept of freedom itself some people go as far as saying that's why i asked about the central banks if more and more people do this when does that leave the central banks and therefore the governments that say they don't control the central banks but clearly have a relationship to. yeah and that now is your chair anybody can be their own central bank now and then the hard part is convincing people to use your own central bank issue currency there so traditional central banks like the federal reserve or the bank of england their days are numbered people aren't in need them anymore people can use things like digital currencies that aren't issued by some central authority everybody has a level playing field and if you were your traditional central bank you have this magic money printing machine you can print as much money as you want at any time for any reason and expect people to use it and suddenly this new tool came along

that makes it so people don't need your magic money printing machine anymore you're going to feel threatened by that you're probably going to do everything you can to try and delay or stop or or hinder that sort of thing and if i can put on my conspiracy theory hat maybe we already saw that happen with bitcoin and it's limiting of the block size to one megabyte and that's why now we have another thing called the queen cash that still works for everybody with very low fees and where is bitcoin it's impossible for a new user to own less than $10.00 because because the fees to receive that are more than $10.00 so the fees are $10.00 you can't receive $10.00 and and so that's why i'm so excited about the point cash at this point but maybe there you've been backing of a lot i mean there are operators this say that there are methods of reducing the commissions but what about if you're not one of the say activists who believe philosophically rather like the reddit people and games throw in the political aspect to investing in big going or crypto currencies more widely for the longer

term what do you do if the newspaper of the t.v.'s that those you there's about 3 regulation is about to be regulation they're going to do some kind of regulation and then you need it easy to define your investments how do you treat these almost daily sudden flash alerts of musing joe biden is going to announce a new regulatory framework. i think that just shows very clearly that these legacy centralized into its institutions have far too much power and control and sway in what goes on in the world i've never met joe biden joe biden's never met me why should he have any say over my life whatsoever or my money or my business any more than i should have a say over his life or his i think each individual knows how to run their life far better than some stranger living in some far off capital city would know how to run their life for them so i want to see more people in charge of their own lives and their own destiny and digital currencies or at tast a tool combined with the internet to empower people to do exactly that in the

future i think we're going to see less and less control and regulation from centralized governments and more more from the market itself and look at consumer reports they do a far better job of protecting consumers than any of these government regulatory bodies do so i want to see more things like r t n consumer reports protecting people from scams and fraudulent investments and things like that governments have a really really poor track record of helping people that sort of thing if you look at social security in the u.s. that's basically the very definition of a ponzi scheme and everybody is forced into participating with it let's give people the opportunity to opt out with their own money and choose how they want to save for their retirement and with that those choices come responsibility but people need to have that responsibility and that choice but it is very complicated now there's so many different. tokens a new you are pulling away it because in cash there are sunni different ones and those in power you think they're just going to let it go with this going to go. you know the kind of regulation we would emphasise is whether the security is ok on the

website or something like that. you really think that they will accept that as the means of regulation rather than saying you know what we're going to stop paying pick going using massive cash inflows to buy a book chains and therefore control it. short of turning the entire world into a north korea where normal people don't even have access to the internet it's impossible to stop these digital currency so it's not it's not a question of if these people in power are going to allow this to happen it drew questions what could they possibly do to stop it all they could do is maybe delay things or hinder things or slow things down but stopping it is basically impossible at this point they would have to turn off the entire internet for the entire world and keep it turned off in order to stop it and i don't see that as a likely scenario for this i mean it's not that long ago and i think they've been doing a drink or on of ours the amounts of quantitative easing so-called they put into

the market. i mean did you predict that they would they would basically enrich the richest people on earth using quantitative easing in the printing of money defacto you didn't do you did you think that would be politically acceptable but pessimist in me absolutely thought they were going to do that the optimist in me hoped that they wouldn't but time and time again governments around the world disappoint me and the pessimist in me turns out to be right they generally seem to be used to reward their friends and punish their enemies and that's what governments all the way around the world do it and that's why i think it's time for them to have less control over people around the world than each individual that more control over their own lives especially now that every single human being on the planet with a $20.00 smartphone has access to basically the entire sum of human knowledge if you don't know about something you can look it up on the internet and read all about it and you'll be an informed consumer about that particular topic and so i think that just means we have less and less of the need in society for the

centralized institutions to boss everybody around a new it's silly to think that there's a one size fits all solution for you know tens of millions or hundreds of millions of people in a single country there's you know people or individuals who have different needs and wants and desires let them be individuals don't force them into the the you know one size fits all system of traditional governments. i think you'll find the european central bank believes that it doesn't matter whether you're in southern italy or in central germany as regards the your of you surprised that countries that have a sieved enemies of neo liberalism all of nato to adopting cryptocurrency quick i mean there are signs iran venezuela russia china why are russia and china not pursuing crypto quicker and presumably would immediately see if they would because we'd see even greater fluctuations of just the loan was putting one of $1000000000.00 into it yeah i think bitcoin and digital currencies

they undermined the west's central controlling mechanisms but it undermines the north and north korea if they started using crypto currency there would fight and had people actually internet the regime would fall apart right away but the same with you know places like minutes where you are or other places where you have you know they're not aligned with nato in the west it undermines their power to do so i think there isn't any particular government anywhere in the world that's eager to undermine their own power and that's what general currencies do they empower individuals to be able to have more control in their own lives at the expense of the state's ability to control people's lives but you stop you there more from the founder of bitcoin dot com after this break. relations got a reality check last week russia's foreign minister said again read the writing of the blog also want you to never ceases to lecture the world about democracy and the .

those. in europe. with the. beach. or street view or restroom. the movie way of. that is still the soul of the. chief. welcome back i'm still here with the founder of big going to. you don't think sometimes you sound like one of those people who are selling gold will the time on t.v. what's the difference between between buying gold and crypto well as we saw in the

united states the u.s. government was successfully able to make owning gold illegal and they went around and seized the gold from all sorts of people all over the world i'm sorry for the us and that was a big problem that went on for decades with digital currency if you're using it in an actual wall where you control the money yourself nobody in the entire world can take those funds from you and you can dip them around the world people and still you can't do that with gold either but before crypto currency i was one of those gold bugs without gold and silver was better money than the u.s. dollar or the euro whatever else out there but there were digital currencies came along it was a you know a quantum leap forward ahead from even precious precious metals so i've been involved in things like that going cash ever since. yeah gold back to prepare endemic levels how do you pick and don't just say the one big all that that i'm how what sort of criteria should you be using as you look at the different cryptocurrency is maybe not just as an ideological means of undermining existing power because there's so many different types of coin in token some of

them some of them do say this is the original theoretical philosophical basis of freedom behind the original idea of big going rather than the contaminated version which we now see arguably in a theory i'm. yeah i think you have to look at which one to the most useful and the digital currencies are the most useful will be used by the biggest number of people and that's what we're seeing going on with the theory and right now people are doing all sorts of incredibly interesting and useful things with the theory in mind billions and billions of dollars a day or 3 of you know dollars in digital assets all sorts of things are being it traded on the if the block chain people are using block chains to zip digital dollars all around the world now as well so which ever digital currencies are the most useful or the ones that will be used by the biggest number of people and as an investor you should look for the ones that are going to be used by the biggest number of people and that's where you should put your money and like the great wayne gretzky said regards to hockey you don't skate to where the pockets currently

skate where the puck is going to be it's the same with investing digital currencies you don't put your money where all the money is already you put your money where the money is going to flow to and that's why i'm such a big fan of big cash and the area. it is a good seat that those are the more commercial ones and as for your hockey metaphor yeah that's all very well until market makers and people will know the celebrated names because they were all bailed out by the taxpayer in 2 in the usa they come and they move it themselves because they were far more bigger trying to think of the method for. the hokey sticks. how would you say how would you say one should use because cryptocurrency even your chosen methods as an act of civil disobedience against the prevailing ideas in which the economy is benefited the richest in society yeah anytime you're using the dollar of the euro or any other traditional currency you're using the currency that's used

for governments to bail out all the politically connected companies and then screw over the little guy every time you use a digital currency you're opting out of the traditional system into a system where there's a level playing field for everybody whether you're goldman sachs or or john smith on main street you're on the same level playing field as everybody. also any time you need to buy or sell or pay or receive payment for anything anywhere i would try to use the digital currency there something you alluded earlier to why do you think journalists can't get their heads around the idea that dollar notes they used for drug deals and big korean crypto currencies all the different tribes there are a currency you can't blame the currency for what's done with the currency yet never mind the fact that the cia has been one of the biggest drug dealers in history as well using the dollars to do that and this is a i meant that if you're going to even use that as the digital currency i'll admit that as well ok well as the as they had line start to try and scare future

investors even more the game store story which people may know of a reddit posed getting back at these big market making companies buy something them for making money i mean house financial services committee is going to be talking to robin hood melvin capital citadel already u.s. regulators a subpoenaed so michael roaring kitty. i mean. do you expect those that evangelize for or. for revolutions in capitalism is as you seem to be describing to end subpoenaed and to be attacked remorselessly by the powers that be. all of that going on just shows exactly how unfair of a playing field this is the big boys always get special treatment and the little guys always get screwed that's the way the traditional financial system is set up intentionally whereas when all these securities are tokenized on the block chain there won't be any sort of robin hood they can just turn off trading for everybody

and are turned off buying a game stopper or whatever else they're everybody will be on the same level playing field so the sooner we can get all these securities everything else tokenized on the block chain you're not going to have the central authorities like the f.c.c. that's basically they're they don't protect the end consumer and they protect the incumbent players and then all their regular you know consumers are forced to pay for the f.c.c. to protect the incumbent so it's just really this one big sham to protect the legacy financial system the sooner everybody's using digitized you know assets on a block chain will have a level playing field for everybody not just within the united states not just within the u.k. not just within the e.u. but for every single human being on the planet surely it's going to a level playing field that's being created because as we saw over. sub intervention it caused the price spike of the rich will still control power it's just that those allied to elements of politics they have power will be reduced.

yeah well i'm a much much bigger fan of you lot of musk than any politician in the world that you are muskets you know tesla's they're amazing cars pay pal is an amazing business he's just created all sorts of things that are actually useful to me in my daily life ok there's that and i credit lee elected so i don't think that that's what but what surprised i think what surprised him he studied political science any any student of that will say why is it at all possible that those who support these new cryptocurrency is really how can we believe that that amount of political something military industrial political power will just suddenly give give its power away in this way what more have to be done than just more people get involved in because that could take 20 years 50 years 100 years there's nothing more powerful than an idea whose time has come and peer to peer electronic cash for the world is the idea that's come and it's going to it's nothing's going to stop it

because it's that powerful and that useful of an idea for people around the world now so much of the world lives on less than a dollar a day so i'm going to this is we don't do this on going on the ground very often i'm going to exclude those people if they're usually student in so-called mainstream media say you go so you go $5.00. how can you try and overthrow prevailing power structures with your 5 holes. you can sell your $5.00 for a digital currency and that way you're not no longer using those dirty dollars that support the traditional power structure so that's so you sign up so you can use a search engine you look at up and then the cars i mean you know some people might say no they go go go in commission anyway to one of the parasites on top of the big going and the group to a currency pyramid yeah i hate to keep sounding like a commercial it is no longer for everybody the fees on the big quite never. or too

high and if you're not able to hold the bitcoin in your own wallet it's not your money you're at the mercy of whatever custodian you're using which is no different than using your traditional bank where you're at their mercy and that's why you need other cryptocurrency that have low fees you can guess which $1.00 is my favorite but any of the ones with low fees can empower any individual anywhere on the planet if the cryptocurrency has high fees and everybody has to use centralized forms to hold the cryptocurrency for them you lose just about all the benefits to bring economic freedom to the entire world and that's why i'm a fan of the digital currencies that actually work is peer to peer electronic cash with low fees with no custodian needed and you already know which one is my favorite of those yeah you've already said we're going cash again and again this is good museum you that the propaganda not only is about criminality and that kind of thing it's also now critical and sees a ponzi scheme. which i don't know whether that doesn't use you because famous to

be that was what i feel that currency has been called. in reason is what about the fact that everything you're supporting is actually a ponzi scheme and huge players that control the market as soon as they leave you lose all your money. yet just because somebody says something doesn't make it true and the very word you know ponty after ponzi scheme as you know charles ponzi was using the us dollar for his ponzi schemes i'm sure more ponzi schemes have been run with the u.s. dollar than any other digital currency ever and so yeah but people don't blame the dollar for that specifically and it's the same with digital currency some people will cheat people using digital currencies or do ponzi schemes or do bad things that's not a problem digital currency that's a problem of the way that one particular person was using that digital currency and so and digital currencies are just so much fairer across the board because you know exactly what the inflation schedule is going to be whereas as we've seen this last year with the u.s. dollar we have no idea how many more they're going to print from new york this week to the next the next month and and they keep surprising all of us with just how

many more they decide to print we know that's not going to happen with the digital currencies that we use so there's no guarantee that the price your digital currency is going to go up over time but there's absolutely no guarantee that the value of your dollars are going to go down over time. but what if all the market makers just buy a huge amounts of many types of crypto currency and then become market make is in the limited amount of the block chains that that govern cryptocurrency we don't just going back to what it was before and the politicians will be. being low be those market making firms and will be a bit like the fed again well if you really think that that's going to happen my advice to you would be to go out and buy some of those digital currencies before the market makers go out and buy a whole bunch of it and the really nice part about it is if those market makers screw up and have a problem there is nobody to bail them out because nobody will want dollars anymore they'll be using these hard assed digital currencies there's no central bank that

can print them or to bail out the market makers if they make a mistake and go bankrupt and find to be a level playing field there too if the big boys make a mistake and lose a bunch of money they have to be held responsible for just like the little guy makes a mistake loses his money he's not been on the up by washington d.c. the big boys won't be able to be bailed out by washington d.c. or the central bank either and that's a good thing for everybody because finally they're on a level playing field i'm not sure it's a level playing field but it's more easily because that this is just one people are starting closer to the end zone than others but at least the playing field is level and they don't shake it up in the middle of the game like they do currently as we just saw with the game stop the ask the recently as well. and do you expect further regulation of equities let alone with stock to be the called the safe shouldn't in the traditional mainstream media business press and broadcasting for a moment i absolutely expect more development of digitization and tokenization up securities on to block chains where there are much more impervious to their

traditional governmental regulations and i think that's a good thing and i think we'll see more more private associations saying hey watch out for this token watch out for that security and i'd like to see things like consumer reports replace the f.c.c. i think consumer reports does a much better job of protecting consumers then the f.c.c. does we then everyone from the f.c.c. on the show and content to try and get that's that roger vote thank you and that's it for the show will be back on wednesday 5 years of the day the julian assange has within the organization release classified operations of documents revealing new military intervention against refugee boats fleeing nato destructiveness viejo by indicated he wishes to incarcerate the son for the rest of his life until then join the underground on social media and if you want from you to make sure to subscribe to the bill i want to.

in the 1920 s. and thirty's several 100 african-americans moved to the soviet union and many of their descendants still live in russia. looking at the post because they know no rush but us throw up at us to guess who got chose for ways to going things in their ways at the dock national scale back home black american suffered from racism and a complete lack of prospects. is that columbus mugged the real lybia losing his show one by else a store on the by do it to suit the so they decided to leave everything behind and start a new life in a country about which they knew almost nothing at all some of the american rear troops who were to prove you're in the if you heard round great crowd. to moulay a good few you're going to go through the roof and now almost

a 100 years later the history is repeating itself my great grandfather george time went through russia. on probable worst tried to go anywhere why not me. why don't i come here. when i'll show seemed wrong but old paul just don't call. me new world yet to shape out of disdain and become an advocate and engagement equals betrayal. when so many find themselves worlds apart when she still look for common ground. join me every thursday on the alec simon show and i'll be speaking to guest on the

world of politics sports business i'm show business i'll see you then. imagine picking up a future textbook on the early years of the 21st century what are the chapters called gun violence school shootings homelessness 1st it was my job it was my fear bill it was my savings i have nothing i have nothing it is not like i don't try aloof or resources i look for jobs i look for everything i can to make this house. annoying the doing is. the road to the american dream paved with did refuse into this very idealized image of our america needs americans look pasta the depths that happen every single day this is a history of the usa america.

sure enough fires back at the united states off to washington to question the findings of a world health organization probe into the origins of the coronavirus. the u.k. still in lockdown new rules now oblige people traveling in from 30 red list countries quarantined for 10 days in selected hotels. remain over the plans implementation of. a conservative journalist is harassed and assaulted as she covers a black lives matter of protest we get our take on what life's like for a reporter deployed in iraq and i feel that being conservative is now very physically threatening to journalists.