you're more likely to walk free if you're rich and guilty, you are. if you're poor you got 2 eyes and 2 ears and one now. so you should be seen in here and a whole lot more than you're saying. if you don't take that advice, usually going to do it yourself a whole the max kaiser. this is the kaiser report. we're going to talk a lot about volcano energy and also use volcanoes as a metaphor to elucidate. so many of the big trends happening in geo politics and the finance, stacy, well, there volcanic eruption is happening in the mind shift that is happening. and the mind shift that is underway is showing us the difference between good money and bad

money. so the good money is bitcoin, and we're seeing that change the mindset of the people who adopt it like el salvador and like all the other latin american countries now that want to also adopt bitcoin. like the hedge fund managers, like paul tutor jones, who's out on television banging away on big wine and talking about the relentless optimism and the positive future. and how honest it is compared to the dishonesty of let's look at the bad money. the 1st chart, federal reserve balance sheet, top 8 trillion dollars for the 1st time. this is fed data and this is a sort of thing that paul tutor jones is going on to the mainstream financial press to talk about as that it's not honest and he's afraid of it. the volcanic eruption of inflation, you might say good my manager speak with a great deal of can 2nd,

because it helps execution doing trade talking with traders, you need to get your point across quick get orders and fast. so a positive. john speaks with syntax that is compressed and he says something very simple and yet speaks volumes. he said look, the fed isn't doing anything about these rising prices. full stop? yes. okay, so that is just saying very clearly that the fed causes inflation. the fed not going to stop inflation. any scared into safe havens, principally bitcoin. when you listen to the fed talk, they don't even talk about inflation. in fact, they only talk about deflation. it's absolutely double speak 984 george orwell. nonsense. from the central banks and professional money managers are like, ok, i'm checking out of this game, it's rigged too badly. i've never seen a rig this bad. and the only asset that makes any sense is bitcoin. the fed balance . she is now 8 trillion dollars. and then let's look at the questions that this guy

is asking here. while the focus will be on job openings in jolts. and which is the index of, you know, labor trends. as always, the more interesting stuff elsewhere. and this case quits. never seen anything like this before. why and why now asked geoffrey p snyder. this is jolts data, it's jobs data and the labor market trends. and what they're trying to showing is a huge surge and people quitting their jobs. a lot of it, you know, the headlines in the financial press are about people of the corporations are starting to reopen their offices and people don't want to work anymore. they just want they like staying at home and said, so they're just quitting their jobs. that's one factor of many. so if they measure of their monetary unit is elastic and is ever expanding,

then the people who are taking that for work are revolting by not going to work. if you're trying to build a house or something like that, you would use a ruler or a tape measure and everybody working on that house understands a 12 interest equals a put. but here in the fed, they're trying to say, we're going to build an economy in our definition of the building block of that economy. money. nobody knows, has the same definition. every single member of the federal open market committee has a completely different definition of money. they have a different definition of what the money supply should be. they have a different definition of what the purpose of the fed is. and the result is they just print by the trillions and then hope things go in the right direction. there's no policy other than hope. and so the average worker saying, wait a minute, how about if you just send me that money, i'll stay home and wait until you guys figure it out, but i'm not going to go to the job for minimum wage. if you're going to pay me double minimum way to sit here and watch tv any down,

it's pretty much that's what's going on. yeah. in terms of that balance sheet of 8 trillion dollars, it looks for cannick. it could blow at any moment. paul, tutor jones, one of the most successful hedge fund managers in the world is betting that it will blow and that he's buying a safe haven of bitcoin in terms of why everybody's talking about the volcano is because the, the president of el salvador, now you kelly he was recently, you know, responding to the fight about bit coins, energy use, and he said we have all this geothermal energy. he called it volcano energy, that we could use this to mine, bitcoin and the 2nd half we do talk to somebody from nearby guatemala, which also has some volcanoes. and there you'll see the relentless optimism and the can do want to work. want to build cipher punks, build fi for punks, write code, right? and so they just, there is so eager to build and create and do. that's one way. now look at this

world of fields and these people in america, quitting jobs. now let's look at what is happening in china. chinese use are joining a mass movement to quote life lat, after watching their friends or themselves to death. the movement of the moment for young 20 somethings in china is lying flat, which advocate for lying down instead of working hard and keeping up with constant competition. lying flat rejects the 996 culture that encourages people to work 12 hour days, 6 days a week. this is another example of a population myers in money. the chinese joanne is printed by the trillions and has lost all value. and the government is trying to dictate values through the messaging of propaganda, the same as america uses propaganda instead of the market to create price signals. and the economy is crashing and foundering. the same thing in china. whereas i'll

salvador say, you know what, the big one gives us a chance to get out of the yoke of the m f and the central bankers. as a matter of fact, i'm talking in ways that have encouraged them to talk with bankers to create these volcano bonds to pay off the i m f completely and escape all central banking a compl really and they're going to see the g d. p of el salvador triple is going to go from 20000000000 to 60000000000 property prices are ready on the move. and they've got people now moving to el salvador to take advantage of this burgeoning, incredible utopian big coin country. that is a good setting. an example for the entire world, and let's face that, i predicted that you'd end up with hash wars. what i call task force starting 3 years ago, that instead of countries banning bitcoin countries would embrace bitcoin, hord bitcoin, mind, bitcoin as a store of value. and the game theory built into the big protocol means that all touch india is now talking about this. and that's of course, $1000000000.00 plus population with multi $1000000.00 g d p. so what we've been

saying is going to happen. el salvador fired the shot for a global adoption of bitcoin, and it's countries like the u. s. or china, where the population was lying down there on protests. they're not working. gdp is collapsing, you know, they could be left behind. right? well, importantly, also, the element in us that i want to point out is the can tell you narrow effect. and the global oligarchies controlling the, you know, the very global economy, right? it's the multinationals that are united across the world, but the multi, multi, multi 1000000000 our class are all united in one sort of class. so, i'm going to look at that sort of atlas shrugged moment in this life flat mote movement. because the dawning on the population in the economy of china, what they're noticing is that the notion of a mirror talker see,

is bogus. and you see that that's why they've decided and said to just lie down. if i, if i can't actually get ahead and it's all fake and it's all a hoax. well, i'm not going to work at all. essentially. john jang, a 27 year old owl, told insider that he did not start out wanting to join the lying flat movement. but his struggles to conform to expectations, particularly through university, made in one of its most ardent followers. quote, sons of business, men and daughters of officials got a head start that it was equivalent to an entire laugh or 2 around the track. i think it is inevitable that people like me would lose the race. so that made me think, why do i even try? so again, this is like the can tell you, in fact you see that you see that across america in the past year as well, that people are, the unrest is spreading because of, you know, the inflation,

the supply chain disruptions. but the dawning realization that the something not quite right. obviously you could, you know, move the crowd to whatever way you want. and that's why we have a lot of these, you know, all these weird theories being presented in schools as an explanation for what is causing this problem when it's just the same simple fiarty structure, the, the bad incentives within it that lead you to the conclusion that you would just rather lie flat, then get up and go build. right? this is similar to the collapse of the spanish empire. you remember, spain went around the world and courted gold from all over the world. and it created a population that was bifurcated in this way, extreme wealth at the very top and ultimately led to a situation where everything that needed to be done from a day to day basis collapse and the empire collapse as a result. yeah,

well this is a paper money version of that. yeah. because what had happened, and we only have a few minutes to go into this of course is not totally accurate. but what, what part of what happened was spain was only interested in the gold wherever they were in the new world. i over here in the americas, whereby places in the caribbean that didn't have gold. they allowed the dutch, the brits to colonize those. instead, rather than fight wars over it, they were like, well, we just are interested in the gold, so in columbia or the peru and, and those sort of places we're going to occupy there and put our attention next. and they let the whole sugar trade, which help though, you know, places like the u. k. build a huge empire. and that we have the can tell an effect in spain as a result, they, whenever they found a huge pot of gold, you know, the whole, it would have huge inflation. nobody wanted to work. everybody had money, it was right. so it's lack of diversity. but in the version of paper money,

so in the u. s. in the u. k, around the world in china, the have the people who are close to the paper, money creators and central banks. and that's all they're interested in and ask the price of the zooming higher based on 0 percent loans and free money. and now they're all this empire. it's a global empire collapse of paper money. and al sabah do are now is set to absolutely crush it, which is amazing. but again, you know, comparing the mindset of the 2 cultures of in the good money and the bad money. most people live in the bad money culture that, that, that's their society. they haven't found back when they're not hopeful for a future. they're not actually not even just hopeful. they're building a future like obama, with hope you're hoping this guy maybe prints enough money for you, helped you out so you could just lie flat at home. but this, this notion of just like slot lie flat and shrugging your shoulders and saying, well i'm not going to participate what, why bother building?

we don't know what we're missing with that, but it also kind of reminds me of that planking movement. yeah, i was thinking it was something for me a couple of years ago before flossing. and after coney 2012 there was another strange thing. and now i remember it was called planking. yeah. so, i mean these people are in the lying flat movement. there are seemingly like it's a, it's a culture, it's there, this is their thing. they're doing this and they're just like, not bothering to get out of bed in america. we also, well, yeah, in american europe we also had the supermodels who wouldn't get out of bed for $10000.00 or less than $10000.00. and now you have these kids who get out of bed even for you know, a cupcake right. then the incentives are destroy, bitcoin, the incentives are built in, it's such a beautiful array. and with this current car, cheesy and elegance, almost like the sistine chapel of money. that it just inspires people to like, you know, change their behavior. remember,

you don't change bitcoin big point changes. you and it's changing, outsider, it's changing the company micro strategy home by michael sailor. it's changing. paul, tutor, jones. it changes almost everybody in the world except peter. sure. all right, we're going to take a break. and when we come back, much more coming your way the me ah, ah, ah! the in the news

the ah, which phoenix has actually got an uncommon face, men's clothing and shoulder stuck. it's a kind of gun feminism. its name is hook me up. above to that put a human level, some of the whole model that it was, it was a lot of up up on the job, but you don't want me. she lives in one of the most dangerous and patriarchal provinces of africa has done cost lately, which time i miss that. sure no problem then i shall do. but i haven't set up a new kid around,

but yet that i've got enough that she does her best to fight for women's rights. i am i looking to get that done as you know what i do or the other sort of the season here by her nickname, the king, the other that was good to go much other. that was really good news . the the the me welcome back to the kaiser report. i'm as guys are still at miami bitcoin 2021, you know,

and i can reach conferences. i usually find one. you'll amongst the many, someone comes to me and they start talking and i listen and i'm like, oh my god, something's happening. i would like to introduce you to lena. how are you? i'm doing great. alright. from guatemala right next door to el salvador. 7 yeah, there's a huge story going on. i know there's a huge story going on because jack waller's is down there. is app remittance, essentially with strike and the place is gone crazy. what's happening? tell us you're there. what's going on? well, it's a pleasure to be here. yeah, we went down to see jack and mike peterson and be mid point beach last month. so. so to help them grow what they're doing and wanting to see everything that we can do to bring it to guatemala next. are my mission and our mission is to make central america the 1st hyper big one, eyes region in the world. right now you are saying something earlier that really

struck me that, oh the, you know, the saudis to have the oil and you know, the swiss cheese. ok. but you guys have people power. we've got our people. our people are unfortunately, been used by the system for cheap labor, primarily in the united states over 20 percent of our g. d. p is, remains to flow sent from the united states down to central america. and we see that as our opportunity to win the bitcoin race as a region. so over 20 percent of our g p is being sent from the united states, 9 percent fees on average. that's 2 percent of our g p right there being sucked out by western union. so we want to do everything we can help strike launch as fast as possible and watch them all and the rest of central america, so that people at the bottom of the pyramid are no longer financing west in the life. right. and the best of people, big point and the reason is very, very simple. you save money on those remittances,

big money internet's up because western union and the other folks, they take a big cut. and at the end of the month, end of the year, you're going to be adding a lot of gas do remittance money. so the adoption immediately zoomed up to number one in el salvador and not only financial apps, i think is the number one after the entire country. so i haven't numbers yet, but they're doing phenomenal growth. and yes, it's the use case. the most important use case for everyone on the street. everyone has a family member that sends them money, so it's no longer your number go up. it's how do you save and no longer have to get on a bus and risk your life full of cash on you to go send it to your family member. if you know on your phone, you can send your money instantly. using what they've built on the lighting that works, there wasn't for lightning, we wouldn't be here. so big shut on. all the developers that are doing that, we want to bring is the billions that can really take advantage of it. imagine that on the phone there, and of course it's on complicated ball and that's the big change for not only

people in central america, latin america, but all over the world, all of africa. we see this idea of property rights, private property rights in vile or private property rights, having a huge impact on people's lives. is that message would seem to be very easy to sell in the country. yes, yes. so yeah, what we want to do is just talk to as many people about the fact that they can now send remains to their family members without having to ask for permission. they can do it every day without having to pay minimal fees or whatever. and so what point beach has accomplished in a song might, peterson, they built that, can you that has been able to create a circular economy using the lightning network? so that you, you can, you can, you should all go down to install as soon as you can to actually get off of the cf . you can just pay everything your boost as your coffee, whatever, all on the midpoint, you don't have to touch the app. and what we want to do is help them grow so that

it's no longer and you know, 6 percent of the country using it. it's a 100 percent of the country using it, do everything we can help them, but learn from them and take what started with big point beach start bitcoin lake in the plan watermark. now, my friend and colleague peter mccormick, who's the 5 cas travels around the world and he's been in the central america latin america just as recently as maybe 2 years ago. and he was commenting on that point . it was not being at that time, but it sounds like in a short 24 months. there's been a sea change. there's been a big change. why just suddenly explosion of interest. there was i think it's lightning finally coming online and being usable. peter was just down there, we were just with him in some on and brought him over to guatemala. and that's what we want between to do is to empower people to be able to get off. and it's in themselves. our big point beach has done it. and just that one town,

it has now spread to the entire nation to the point where politicians can no longer ignore this. they're having to explore, adopting a big point standard and dropping because of what's happening in big point beach. so we want to do the same for the bottom on bitcoin lake in the plan. 300000 people living on the basin there with tons of family in the united states. how do we get them to save on their fees so that once they're transacting on lightning, thanks to all the development that that's happened, then they experience the number go up naturally. and so those that can say will start to say, even now in between beach, you have people using the lightning apple b point beach and then using strike to actually trade off of dollars and big point when they feel like the big one is a little a little hot and then they want to come down that you see kids in high school trading, bitcoin and buying the def. i saw a big coin a 2nd layer. know other, these other going i,

i'm sure there are other folks that are trying to do some other things, but in it's on it's been going on. right. and it is because it's not the one l a but the one in a lot of right now. you know, jack milers had him on the show. years ago he started watching the show. he was still, i think in elementary school, i originally saw in the 500 car, half make it with a foreign star. what happened is jack, mom, i think he's one of the trailblazers that i hope will life the way for thousands of millions of entrepreneurs that realize big point is the way to build something that can really change the world and benefit thousands of thousands of people. so i'm looking for all the 20 year olds, or 15 year olds that are in their apartment, living with their parents or wherever, like build on this. this is, this is the way. now, there are the 2nd phase, the, or your team years. you have

a vision and tell us about that, george. so our mission is to hyper bitcoin nice. central america. remittance is our primary way to get into the masses. but in addition to that, we are using bitcoin and develop a apps of that. leverage is the power of big point to be able to do real time post election audits on our voting system. starting in guatemala, all open source, free to the world. so i believe democracy isn't great peril and dies when we are no longer vigilant. so we need to audit our elections in real time, and big point can allow us to do that. we've built it with the scholarly heat. it's free for the world right now, only in guatemala, but our code is open source. and if anyone wants to replicate in the rest of america, you can, what we want to do is a capture like a game where anyone anywhere in the world can audit elections in real time. and we can publish audited results before even the election authorities to publish their

preliminary results. so we can skip the the chance and they get the poison people's minds with who actually one would run the numbers ourselves and pay people for that auditing work in real time. with that, you're likely screaming said crowd source, the auditing, the election, the centralized auditing. again, guarantee verifiable, results can, can, can i ask you to do this for american election, because we need this very badly. it seems like our elections of become worse than anything than we imagined to south america. so i was at the capital in january 2020, trying to deliver this message, trying to warn the united states, the elections and post election audit can be done in real time. and they need to be done in real time. if you don't have verifiable results immediately, you're just handing over on the platter. the politicians,

the opportunity to poison people's minds. so if we don't verify, we have to trust them. and they, once, once they get that advantage, then it's very hard to put that genie back in the bottle. so in real time, you sound excited. i am, which is interesting because we, well, you gave me this cool hat, which i take it. even x is a bitcoin only noncustodial k. why? see exchange operating? what am off is 2018 know, sell pressure. everyone's just buying. we want to take it to the rest of central america. allow as many people as possible to just a click of a button, be able to drop the word expanding to it as soon as we can to help out what's going on at the beach and the strike team. and yeah, we are also sponsoring in partnering with duck willow farms. the leaders of big point lakes big shot, the shot and me and who are going to lead this effort to bid point nice lake at the

plan. so. so what happened at big point beach were doing and the plan, starting in soon? willow farms. we will work for corn. are you want to mention? we are in the mission. if i came in and i said, you know, here's a $1000000.00 in the us dollars. i want you to walk away from that because you're a dangerous man. what would you tell me? you would? what i mean, this is the attitude that's permeating throughout your generation. i take it, you're millennial or gen g or something like that. and you guys are, you're going to be running the world in probably 5 or 10 years. well, and you're going to be, it's all going to be on a big, quiet standard. yes. well, i hope so. that's what i will die on this hill for i with bitcoin. we can finally stop concerning ourselves with money every day. like what, what is money? where, where with my money coming from now that i've my,

i've introduced the big one into my life. i can, if i don't need to worry about money, then the only question i have to ask myself is, what was i put on this earth to do? and for me, it's hyper bitcoin nice central america. purpose. the i'm there, we're going to come down there. check it out. so tap root explanation party in the midpoint beach sometime in november. possibly december actually get out. 5 the press your name for your audience, so they can if got a new jolly, tries or report. thank you. all right. of the guys report with a max size or say here, like i guess carleen, you know, the next time by me is 32 police 30 that can just keep other than the human russell,

but i hope so. but over the over the, the book or just motion learning a lot of stories going on in the course actually just for orfa. gotcha. ah good position. we think he might be a soldier because of the boot. she's wearing huge, which pulled up, took a personal stuff. when was the young on this? you're still watching sports. i

me. ah ah, there headline stories this hour as american celebrate a new holiday marketing the end of slavery in the us. the supreme court blocks a lawsuit against chocolate giants for using child labor on african farm indigenous people encounter. they are granted the right to use their traditional names and official documents, but a rights activist tells us it's not enough to make up for decades of cultural genocide. is a government. oh, oh my, you know, it was the government made the decision to take the kids to take her languages to.