may even be a good time to borrow cast to buy higher returning non debt investment assets and a new paradigm he said could be characterized by shocking tax increases and pro have been against capital movements with rising amounts of government debt and classic bubble dynamics among many different asset classes dahlia recommends a well diversified portfolio of non debt and non dollar assets is so the reason why interest rates are low across the world and the reason why central banks coordinate with each other around the world for policies like quantitative easing is the idea that they will all become. cooperating and there won't be anyone breaking away from this centrally cartel but now what's happening is that people like ray deleo over at bridgewater his head fund or michael saylor at micro strategy are saying you know what we're not go play the game anymore we're actually going to borrow money at these are incredibly cheap rates and we're going

to buy assets could be bitcoin could be something else and we're going to states essentially a speculative attack on these central banks so the central banks have overplayed their hand and now they're inviting these huge pools of capital to openly attack them and now this is rippling through the financial world and right dahlia is the biggest test for the world and he's saying look there's no point in owning a bond so others are saying look this could be the end of a 40 year bull market in bonds if you're only going to get 1.6 percent nominal yield on a bond and inflation is racing ahead in the real rate of inflation remembers 10 to 12 percent not the one to 2 percent that the government says it is that's that's a lie is provably a lie so why not borrow at a one percent when you know based on the just the minimum amount of inflation in the economy 10 percent you're going to make a 1000 percent on. money by just borrowing against the fed by attacking the fed

who's not going to take that's right he's also playing the players i am the other players in the market are going to be all these people receiving all this free money so he's looking at the free money and understanding what it's going to do to the markets and indeed you know twitter is an interesting way to telegraph what's coming right because it's if you look at the data that twitter itself shows it skews heavily democrat. so heavily educated beyond the population in general very high income compared to the population in general but very few people on twitter earn under $30000.00 a year the ones that we're supposed to be helping with the stimulus this is the population that are the democratic voters that do run the media are the bloggers are the blue check sort of people so i find it interesting the change in psyche and

consciousness and what these people want on the one side we've covered all their d. platforming enough thora tarion sort of drive towards silencing voices that are against theirs like silencing people who are against free money printing by the way is going to possibly be something that they're against but once you go back to you never go back right here is something i saw trending and you could see it get my payment that was trending as everybody wanted to know they were tweeting out biden saying when am i going to get my payment when am i getting my money or worse my money remember this is the this is the theme going forward this is what ray dahlia sees he sees that this the shift in consciousness why do we need to pay taxes when you can just print give us more money you did it last or you could do it this year why do i have to go back to a job that i'm going to earn like 203040 percent less than i was making sitting

home where's my money get me my payments so that sort of mindset as an investor you're looking at it and saying i've seen this in the. i've seen it with the bull of our i've seen it with many currencies in history when the people demand and the politicians are afraid of the people you know that these demands that they're not going to get elected for example in the midterms and and 2022 so they're going to keep on feeding these bitin bucks as they're now called fragile markets are like natural systems and it only takes a one degree difference. to go from solid to liquid you know to go from the go from ice to water it's just a one degree difference and what markets if you just have a one degree difference and you're saying you know what instead of getting a positive rate of return on my bond market i'm going to get in negative return of my bond market and that could be even one basis points different 1100th of a percentage it moves the entire psychology the market flips it $180.00 degrees and

now instead of all these hedge funds and central banks cooperating to keep that status quo going they're now attacking the central bank and the money printers with this borrow to spend on assets change and we see that reflected now in the commodity markets that are now entering a bull market because paper is in fee out money is that now turning into trash as it has in some of these emerging markets like venezuela in assets like bitcoin are becoming the go to asset to protect yourself against as michael saylor of micro strategy calls it the melting ice cube on your balance sheet cash is losing according to micro strategies c.e.o. michael saylor 15 percent of its purchasing power per year why would you hold on to something like that when you have a big coin that's appreciating on average 200 percent a year for 10 years it's

a pretty simple trade once you see the raw numbers well speaking of raw numbers i have some raw numbers from bank of america and it kind of goes with the data i showed you from twitter versus what biden is doing and what ray downey 0 is doing so readout leo is saying he's borrowing. to invest and real assets because he sees buy them before the trunk borrowing big to give to people poured into the bank accounts of everybody so they seem fair right. but in fact it's going to a huge percentage of people who don't actually need it you can see that in the data in terms of what bank of america does so then they pour it into like 400000000000 is going out in this last week in this week and what you're seeing is bank of america found that about 10 percent of that is going to go into bitcoin so

40000000000 pouring into bitcoin a real hard money right people are taking the borrowed money that the basically the u.s. government is doing this technique of a speculative tat on the dollar themselves so the survey of investors by bank of america shows up more than half and each income bracket. from 30002120000 plan to save their 3rd stimulus check for the lowest income group substantial portion then goes to food clothing and necessities so 53 percent of the lowest income earners wouldn't spend it with a will not spend their stimulus check they'll save it they'll pay down debt or their own best that's 53 percent versus the highest people earning $120000.00 a year i the biden voters the democratic voters they're the ones that are like help the people help the poor people send them money but you have to send us checks too

because it's hard living in new york city with all you know it's cost lot for us. well 7 d. 90 percent of it they don't actually need they're going to take it and they're going to invest in the stock market they're going to save him so look at that gap 53 percent is all the people earning under $30000.00 a year those people can only afford to save 53 percent of it the rest is going on food and rent so that's the gap between 53 percent to 79 percent so slowly those who are earning 120000 feel very good about themselves because they told by then to give these $1400.36 for children under 6 and all the stuff but it turns out there are they made sure they're getting the money too and it's not it's all going to them building up assets building up the wealth that raid ballio himself is also doing so they get to act like ray dally oh these guys at the bottom will

always be. the the investment at the top is causing the inflation the money princeton's causing inflation so it's going to be running in place for the bottom $5030.00 people earning under $30000.00 and so you see it in the actual data like what happens. the discrepancy how the wealth and income gap keeps on going further and further and wider and wider despite you being so supportive of these policies that actually cause the situation destabilize the situation maybe probably possibly causing further dollar printing in the near future as unrest and food prices and things like that start to go up right well this also tells us something remarkable up until maybe a year ago that bottom distribution of money to under 30000 would have been 100 percent spent none of it saved at all and that would have increased think so-called bossie of money and the fed could look at the velocity and say you see we're

causing growth but now what we're going to find out is that this money printing is not going to increase the velocity of money across the board because even those making under $30000.00 have been educated by the bitcoin cyber hornets' that saving money like what they do in the $1200.00 a $110000000.00 income class is assets that go up as they print more money is the escape valve is chrystia look our calls it so now the cat's out of the bag now even people who are dirt poor are going to put some of that free money into bitcoin because they realize that the government is trapped in that because i can only go up in value and that will make the money velocity not go up which will make the government in turn print more money so this is a beautiful situation where those who are saving money like ben franklin did penny saved is a penny earned suddenly that lesson is written words on a 2cw3cw americans are saying you know what ben was right the fed like franklin

said the reason we have the revolutionary war 776 was to get rid of the bank of england that was the primary reason we are 2021 finally understanding that lesson across america coast to coast 330000000 people saving and saving the one. and finally i think that data also shows it's quite clear that anybody earning over $60000.00 did not need this for the most part they say they got to continue being paid working from home and for the most part the those under $30000.00. they had to keep on working and they were mostly the essential frontline workers working in old folks' homes working in the supermarkets working in the meat factories all those all those sort of jobs that they they are the ones that had to go to work so they didn't also benefit from the enhanced unemployment benefits remember the shoot unemployment benefits that went out to people they they were

didn't qualify for it because their job stayed open so they couldn't leave so i just think it's like that tyranny of good intentions and ends up sometimes exacerbating it's the gap that is the problem not necessarily the absolute number of how much somebody is earning wow all right we're going to take a break and when we come back much more coming your way. in the.

is you'll be a reflection of reality. in a world transformed. what will make you feel safe from. tyson nation little community. are you going the right way or are you being led. to direct. what is true what is free. in the world corrupted you need to descend. to join us in the depths. or and maybe in the shallows.

i'm going to. bring you a preview longer. i mean you know that employment in the. beyond i'm not stupid i'm not sad might be about the best coke noise. but i don't think is often the beginning of a us must do nothing if you nationally for sides. can boy get him new all understood it i still mean you know the faith that. looks all extremists all of which i don't know much. about if you should get a bill be you i gave a review. in the store and. i'm buying me

a copy of nice. nice work and let him know that you can be the one in the. thanks for. the phone. welcome back to the kaiser report imax keyser time now to turn to a cambridge of the sun exchange full disclosure i am an advisor as well as they now sponsor my weekly podcast a welcome back. to back on the writing now the sun exchange has been around since 2014 but the model is really starting to resonate today in the age of hyper because

asian which hasn't turned lead to global community of people interested in decentralisation so remind the audience of the basic model of sun exchange such a platform how does a whoa what's to purchase a photo. then guess and still who aren't serious or factual the sunday markets the users of a sudden alms page to use if you get your teeth that might present a big point and then said so the motives were what. illiteracy studies and your argument for those living in scotland are seattle where it's often cloudy or rainy why they should buy solar panels for their home when they can buy them in south africa instead and essentially get the same benefit they get solar energy they get solar dollars and it's paid in bitcoin i know that we bought some solar panels to offset our energy costs so we're completely offset now

it's all paid for by the sun so this is really anybody in the world who wants solar can get solar by simply buying solar power in africa that's absolutely correct i mean open either one system so if you are producing if you are consuming electricity. if you all generation so that you see something else you ought to be a net producer buttressed if you want to see that you can see it is easiest to now be. electricity for some exchange so if you will as you say that you can end up in a flat in scotland or. you may don't even have a roof you've got solar power and now you can hours in the most optimal place. chris it's huge social impact if you're larry energy costs. over time in emerging markets and more thank you letters if he in south africa is predominantly

traditional very cold 5 really dirty electricity is actually thousands of primitive deaths yet a living postcode aspirations so we're transitioning the emerging markets into a clean energy based economy center to save. much the same way that i mustn't example if i in winter winds and not it's africa it's all set every inch sumption so he could say the words for he was so good and i hear so many mainstream economists in the us common commentators saying oh a big bad for the environment but in fact right now 30 percent of decline energy is drawn from renewables like solar and it seems like that number is going to go up towards 100 percent a naturally i mean if decline was a country that often is compared to countries energy consumption big ones go to one of the keys and he makes his way to the world they don't knock out of because now over a trillion dollars i mean if you can get competitive netherlands for example was an

energy being. because great in the netherlands of course is going to interest you more like to see how tight it will get cleaner. as you may not know that energy is now the cheapest form of energy on the planet and you need to combine it with battery storage systems to have competing uninterrupted who rely who actressy at lower cost than say for example the now so it's always the price of the rule that network will transition to a prediction and don't forget. that the gentleman that invented the light will disown the white house who like the guy who invented the car went to work on a hoax. create a sort of state centralized economy based on some energy and cryptocurrency even how much they're supposed to use to get it but have lost is just broken some x. make that same as a solar panels there and they've been around for

a while but it's like any technology there's always innovations in the way things are changing and improving in the last year or 2 what about some of the big solar panel advances or innovations that you've seen they thought if they should solar panels getting quite popular so solar panels they felt. it's on both sides of the palate so if it can absorb reflected light from a slight breeze through this on the panel will reflect back on the backside so that's also preventing the outer on the surface area and also save some amazing innovations they needed serious scientists who cheat and he takes to make a solar panel is now takes less than a year to pay back the energy debt it was crazy to manufacture the 1st place i think. to cite very out of date states that when it comes to be embodied energy as the office in my factory a material basis is changing though space think they can almost daily basis you know one of the favorite things that you say i like one of your quotes says are

moving from an age of infinite money and finite energy to period of infinite energy and finite money. a little bit about that yeah i mean if you if you if you write it because he might if you had said just invest an 8th of your big point out that into buying so i know it's not so good you can be offset to your commissions. because i believe also that i'm going to a mechanism which can produce more requests you know. just before big questions and use of finance more solar panels used to finance the big point my i mean the reality is that you can finance small power. if you sort of keep the value of the quite shocked you can generate about 60 megawatts of of of soapy debt and get electricity out of whole place i notice is a titan see that receipt took to create it quick so you're basically creating 8 months of war and heat by financing so perhaps it's because i can also because that

means if you're going to 'd your site where you're consuming beat it out also it stay clean and outlast typically left on us of a meat so we transition to a solid state economy type based on silicon and it's the future age is a standard and the latest project they are just wrapping up on the platform. giant blueberry farm assigner stand it it's got an interesting feature of battery battery storage so this is a kind of a new thing for you guys the intermittent energy issue is addressed right because you've got a big battery that's giving you energy is it my getting that all cracked and absolutely right i mean this is a project to last a battery lithium phosphate battery storage so it's not most folks that she system but it will do is try to test it. 10 years after and and the

phone she's currently huma zimbabwe that she created and he has access to electricity for 8 hours a day there. today they could easily generate says the application of soda absolute system. costs by 60 percent well so how completely clean and sober. sober and she says it's to the right energy so this is this is a super record of things the rest of. it just happens to the 1st major company we were fugitives in zimbabwe through some exchange so this is also the b. movie p. 60 i have an x. . it's a natural and that's the way you get a small point i think the x. against an issue the great and important from the great that's a smart reach out for the rest loeb is going to talk about where he said speaking of the grid so you are started out in south africa is spreading out to other

nations in africa the problem in the energy business is transporting it from around because they get a lot of energy lost as it's being piped around in different infrastructure what's great about the sun exchange project is it's basically soft contained right you're you've got a project like us call you hook it up with solar panels and you're in you're not piping in energy from anywhere else so you don't have any of the problems with all those logistics so this could be and i see also nigeria and other countries big cohen is becoming huge and it's a way to bring banking to countries that have been cut out of the banking system for decades and you're bringing in energy so energy and money are coming to africa the same time as africa i've heard it described as it's about to undergo a major economic boom time on the down on the double edged sword of now reinventing energy and money is that what you're saying 100 percent is what we're saying i mean

the energy issues after faces all directly so why some of the energy and financial issues and lack of access to financial to. judicial financial services is reconcile by because of the details of both technology said by the french light so you do not need to rely on and central to solve those issues which we know have not yet insult so people are now taking matters into their own hands so rather than wait for it a centralized generation to few with the power plant to transfer electricity to you in remote areas you cannot put up a soda pop up you no longer need to break to get your id but could become a felicitous i purchased it now perhaps you will of your country if you can it's going to become well it's you know it's a secret easy have become your back at the computer after our station and yet police are looking at once if us is far more efficient in generating our militant than somewhere a pipe military seat with tremendous transmission losses so you can up and saw the

house on the roof of their own facility far more efficient i need your heater alarmist centralized so let's enter to trade energy if you can now come out and you can sell it just keep it to you to make as if you had a space exploration time to sell or energy space as it seems to be some overlap including a mosque in the biggest names on the end astray do you see that yet i forget the photo and i don't mean we know and up to date really came from the developments in the face set and they need to produce electricity without having to transport few and she was r.c. expendable on the plane with hours from you so you can produce a man in space you've got electricity supply that technology is now going down sent back down to earth and estate refined here on spaceship earth and so no doubt the other future developments that are going on to explore that space are also going to help us here us x. every patient i just don't expect students at the. recycling these systems that we

can adapt brains last households and have healthy living environment soviet the expert space odyssey is what creates humanity to get. it's really really way. different all these come together so it's face actually i may be together we're going jokes and that's. what we see in south side. effects of my correct in saying you're going to get an airship so what hydroponically grown vegetables filled with batteries and drones bringing in groceries on a daily basis i'm going to be living in this era ship for an extended period of time maybe that correct yeah i mean people say what are you going to get well i'm going to eat right let's go to our. little ball of. internet truth will set you know into last birthday great if you love it and gamers thanks for being on the kaiser report actually i'm not sure it's. going to do it for this edition of kaiser report with me max kaiser stacy herbert want to thank our guest cambridge other son exchange until next time by all.

americans love by and homed. this was a fundamental part of how our political leadership and our country a large understood the bargain you get a hoe and then you know rebel right that's the things you don't revolt if you have a stake in the system. the really interesting. and think about the longer deeper history. housings men in the united states not just the question of the american dream the bigger question if you the dream has been for.

humanity has never seen such strange natural phenomena. coming to this appearing in the mountain in. one after another. look never. give us reason to get your foot you know a limb does. he want to be at. this one of the 2020. how often and where will new creases appear. how dangerous are they for human the slum only you know and she joins you one russian scientists came quite close to working out what's going on. they build a full scale 3 d. model of the.

president pushing receives a russian made a vaccine against cold 19 at the kremlin says he is in good spirits and is ready to get back to work. the israeli prime minister is a party is holding its own lead in the country's 4th election in 2 years with a benjamin netanyahu possibly on the cusp of a reelection despite currently standing trial on corruption charges. and germany imposes yet another lockdown after a sturgeon infections while the health minister is caught up in a scandal over a lucrative facemask supply deal.