in walla walla chubby and they're looking for chumps like, my cabin and the he falls right into it. because as i've said on this show and other shows for over a year, now narcissism and big point don't make the dozens of criminal cases are opened and hundreds of web pages removed as russia tackled a trade in vaccine certificates. our reporter found out the risks of trying to obtain one from cell. so they put all the information that i gave them, the faith name, date of birth. let's face it, i would scam and i've lost my money. public opinion is split over to the statues of george floyd recently unveiled for june, 18th, a new federal holiday marking the end of slavery. in the us. there are many african

americans who are, are much more deserving man with the thrust. basically a drug criminal. i'm actually george boy isn't being lifted up here, but a reminder of the institutions in this country that are systemically races. the anti lockdown processors scuffle with police in london as crowds bent their fury over co restrictions being extended. once again, does your headline this hour? i'll be back in just over an hour with another look, this is our international the hi. i'm max kaiser. this is the kaiser reports him on mosque is not the only silly,

silly, silly man. there are other silly men. they think. right, well you know, the billionaire owner of the dallas, maverick basketball team, his name is mark cuban and they're calling at the cuban missile crisis. yes, we're not going to mention the coin he invested in, but he invested in one of these thousands of alternative coins to bitcoin and had the rug pulled as they say, it was a scam and it was an exit scam. they took his money and ran along with other investors. and the thing is that here's a billionaire, obviously qualified sophisticated investor who got duped, scammed, and what did he do immediately? well, he was talking to joe, we spent all over at bloomberg again. over on twitter, he was tweeting out that we need some regulations. yeah, so there's 2 parts to this. first. all of these so called all coins including

a theorem and this particular garbage kind is built on top of a theory and they only exist to still people's bitcoin. right? so the world is full of sharpies, and they're looking for jumps like mark cuban. and the he falls right into it because as i've said on this show and other shows for over a year, now narcissism and big point don't mix. if you're a narcissist, you don't really grok or get big coin so much because it's, there's no center to it. there's nobody really taking credit for it and you have to be humble before bitcoin and that doesn't work with ego, maniacal, narcissistic, easy 1000000000, are nincompoops like a mark cuban. so he was a champ waiting to happen, right? so that we predict that actually was going to, but i'm, i came in and it's exactly what i predicted. what happened happened just because i know that type. the 2nd thing is that you've got the i'm going to look at on the turn 30 year treasury notes. so here we showed the chart of

the scam coin that mark cuban. multi billionaire, sophisticated investor owner of businesses had invested them and they had the rug pulled from the about predict, oh, i want to look at another story to max and i have obviously been covering on cars report for years. and that's the coming rub pull of the us dollar. and here's the 30 year treasury yields, after the fed chairman pow spoke 1st, who is suggesting that there's inflation and blah, blah, blah when they on bloomberg and cnbc in the financial press say, you know, the problem with big coin is too volatile. this is like representing this is the underlying collateral of quadrillion in, in the economic activity, derivatives, financial products, all of that is representing that. and that's like a run poll looking like a rug pull sort of move. this is another scam. so as we pointed out, it's a good graphic representation of a dramatic part of the scam,

the rug pole when the, those who are shorting bonds get absolutely decimated the widow maker called. and we've had people on the show for years saying all the bond markets topping out as topping out for sure. and it hasn't top down 40 years. so here you have another example of it and what, what happens is the federal reserve bank will go on and do a press conference and say they're worried about inflation. but they don't see them raising rates for 2 years, right? here's the facts and i'll state them again and while they were doing their press conference this week, i gave a verbatim kind of answer to what the questions that they were going to get in their answers before they didn't have or before they gave the answers. i gave a verbatim exact word for word what they would say, and they are basically in a position where they, it's impossible to raise rates,

but they will always threaten to raise rates. there is a runaway inflation now, but they will never acknowledge it. in fact, they'll call deflation, and the 10 year note is going to go under one percent, and that's where it's about 1.5 percent. that's down from 20 percent, where it was with paul volcker when i started on wall street in the early 19 eighties. but it's going even even lower and that kabuki theater of pretending like there is some kind of price discovery in the bond market or the american economy as a whole. remember know, price of anything in the american economy is based on supply and demand or free market capitalism. every single price is exactly dictated by a polar bureau of policy makers. it's soviet union times in america. meanwhile, brushes plowing ahead and becoming free market capitalism. you know, figure that one out, but nevertheless, there you have it. so big coin hypoth, bit quantization between as replacing the us dollar as a global reserve currency. eventually this is happening is happening right now as well. so one of the arguments that they say about bitcoin is,

is to volatile. they also say that one tweet from the likes of yvonne must can cause it to tumble. so here is one statement from the fed chairman jerome, how it caused the bond market to crash. essentially it tumbled and yield rose the bond prices down. and here are the opposite. happen once the, you know, investors figured overnight they were like, were being tracked were being con, this is what scam coined people. do they trick you into keep on piling into their coin then they, this is the, the bond market rallied and yields collapsed immediately after. so this is the fed statement, and then this is once they figured out what the, the subtext at the fed was saying was actually things are still bad, right? you remember that cartoon peanuts and lucy with all the football for charlie brown, and he'd come racing toward the football. and just as the last 2nd, lucy would pull it away and charlie brown would fall on his back. and he did it

over and over and over again. well, sense ground greenspan now we were talking 30 years. they've been doing the same thing every quarter, every single quarter. it's the exact same play and the media eats about. they report that, oh my god, they might raise interest rates, but they can't interest rates because there is no possible way i so 100 is very rarely do you have guarantees in the financial world, but that's a dead certain guarantee. they can't raise rates that stop. that's it, right, so we've seen the rug pole that deceived mark cuban in the ult coin market. now we're seeing a run pool looking sort of movement and the price of bonds. now i want to turn to where the wrong pull on all of this is happening and that is that inflation number, what, what the price fixing of the, the price of money and how much it's taking from you, which is what all planes do really right as max out at the top of the show. a what

they're hoping for is that you send them your bitcoin and they print out their free all coins and send it to you at no cost to them. they didn't have to mine it. they just printed it, send it to you and you give them your hard earned bitcoin. so this similar thing is happening as kyle bass has pointed out this week and cnbc, kyle bass says we have negative real rates of over 10 percent. kyle bass says actual inflation is 12 percent. so again, this is something that we've been covering. this is the rug poll. the fed goes out there and speaks to you and says like, all we're really worried that inflation, michael, you know, we're trying to get it to 2 percent. we're trying to get it to go up to 2 percent. so meantime we're like, dude, it's 12 percent. it's already 12 percent stop pretending that you're trying to get it up to 12 to present. again, we've been talking about this and i'm glad to see is being mentioned on mainstream media. but you know, basically you've got this, the negative rate of 10 percent,

which is you take the it take the, they'll say the 10 year rate or the abruptly 2 percent on the interest rates. and you subtract the actual inflation rate, which is 12 percent. and you end up with a negative rate of 10 percent. so getting back to this real inflation rate of 12 percent education, medical care and housing. if you look at, in terms of the price, people pay for houses in the last 10 years. these things are up 500 percent each. so some things like clothes made in vietnam or china, or down a little bit. when you add this all up into a genuine basket of stuff that people actually consume the end up with an annual inflation rate of 12 percent. the last time inflation that america was running this high was under paul walker dimension his name again. and he had to raise interest rates to 20 percent, to wipe out inflation. now, when w i n, if you've ever gerald ford had when buttons wipe out, wipe inflation. now. so this is an incredible crisis because inflation learning at

this level is an unbelievable wealth confiscation scheme from 200 and or 320000000 americans to a few guys on wall street. that's it, right? but again, comparing the us dollar to these all coins where they're trying to get your hard earned well, your store value, just like the us dollar 50 years ago with created out of gold gold fax currency. so paul volcker had to raise rates to 20 percent to pretend to buy, instill confidence, and the global trade partners that this was as good as gold of the us dollar was as good as gold. so here we have a similar situation where that, that, that organizers behind this all coin that is the us dollar. that they have to keep on doing things to plug in the holes or change the metrics. so one thing you'll see is, okay, our point essential life,

we have this head of the organization that runs this coin, the lead developer, and this is the coin, this person created and ok. where fact we have more transactions per 2nd them bitcoin, they try to change like a metric for you to look at. so we, we are seeing a similar thing and we see it and the repo market that remember, before, even over here we covered the story of the interventions and the repo market. it turns out that there were some banks in trouble. then now we have the reverse repo market, it's like 750000000000 and one day. and this is because of all the other interventions they've done, the cause consequences, rippling throughout the system, whether it's in the banking system, the money market, or like all over the place. so they keep on having to, it's a daily thing of keeping this whole bad code together, right. and we've covered on the show many times our wall street will rename something. yeah. in the hopes that people think that it's different. now they don't

want to say they're launching q a for, but they are launching reverse repo too. and it's the same as q a, which is the same as debt monetization, which is the same as money printing. okay, all of those things are exactly the same, but if they don't like to say that they're exactly the same because then people would panic. but if you say the reverse re power, people like i wonder what that is, i have no idea. sounds like they know what they're doing. oh, by the way, my cost of my day to day life just went up 10 percent. i don't get it because the government says it's deflation. oh is it because they're lying repo man, they're repossession. this is a rum poll. this is a rug pole. this is repo man, this is. this, is it. this is howard dean. stan, howard harris, dean, stampin repo man part to with charlie. sheens brother will be back right after this. don't go away. the me

ah the the news. the circular. gotcha police to louis from could can each other than the remain russell but i hope so, but over the over the book or just sort of the motion learning studies and i was in the course procure, mrs. masters for the i

position we think he might be a soldier because off the boot she's wearing your twitch pulled up. took a puzzle. was little young on this. you're still on the writing please. i the me welcome back to the report time. now to go to joan evey, joan, welcome back. thank you. always a pleasure to be on. alright, so your youtube channel is youtube dot com, forward slash tone bay b a y s. and of course, i really started picking up any work during the world crypto network days during the block size war says it's known and you and

a couple of others were really great at broadcasting exactly what was happening to big point. it was a critical moment in history. that book came out recently, block size wars to have you seen that book the to read the book to do a good job capturing it. i've heard about the book i've not had a chance to read the book, but there's been a couple of people that have been doing a great job documenting that event. this while i saw. busy a video by the mechanic who documented it accidently, but i do need to review the book as while because i was there throughout all of that and it actually worked out exactly like we predicted, which was good to be on the right side of history. i like some other people completely and you and the war tax and a couple of others are very thorough and convincing. and that was all about segue and adoption. and now we just went through another upgrade with chap route and it went really smoothly. this time i must say it was that expected. we didn't go fairly leave though. there was

a little bit of contention within the developers because some people still feel that the miners have a little too much control in the point space. and that's mostly bathroom perception . and perspective, i don't believe the miners have that much control but it allows people to go. busy and start tweeting about how centralized mining years or how much energy mining is taking up, which are just silly arguments. and what the la masika did wasn't really responsible . he used incorrect facts about the big point mining system. and even if the facts he used were accurate, he then mischaracterized what they mean. so he was wrong on both fronts and it just doesn't look good for the because ecosystem. when prominent people just don't know or don't understand the properly. right, but we've kind of and through this before going back to the block size war villain in that time was roger bear who ended up with a hard forge with is versus

a big claim, which i don't think is even achieved 2 or 3 percent of the market cap of or the rate of big coin. then we had going forward other posers who come in to the scene and grab some attention, whether it's a business person or an economist. so it seems like i would put them into the category of the realm of the month club, you know, and in 6 months time you'll be forgot and big going to be a lot higher. but we'll get your thoughts on that. and somebody else will merge, trying to steal the spotlight. where are we technically because you do an enormous amount of work on the technical picture, a big point, where are we with, while the technical picture a big point where you see this now? sure. so i always saw this current bull market run to be very similar to the 2013 bull market run. you are very instrumental in my involvement into big point in 2013 when you guys were covering my 1st incident. so wow,

that's where i realized that true power point being on compet date ability. but doc, 2013 had to big brought up one in april because of cyprus and the other one after the so crow shut down. that's what fuel the asked by the will the bottom i got, but also by the senate hearings and also with a shuttle road all of a sudden created all of the toddlers, a big quiet because everyone's kind of stopped using it as a, a mess. and the price up in florida, and i see a similar structure in the current bull run. and i've been talking about that for over 6 months now where i saw a 2 peaks. so we hard to time the perfect top, but it looks like the 1st peak has already occurred. and while we did drop 50 percent, the price and it's possible to drop a little bit more, the beauty of the current downturn is that i'm expecting this downturn to be very short in terms of time. i like to 201415 bear market, which last for 2 years and the 20182019 bear market,

which i believe ended with the cova crash in march. that was over 2 years of going down. and this one i believe will and the summer. so it's very short just a few months. yes, there was some price pain, but by july i expect us to start rising again. and i think this current bull ron, is going to end over a $100000.00 sometime over the next year, you know, and then these down charge, people run into the so called all coins. and he mentioned cyprus and 23rd gene. and the uncomplicated book quality of big coin, you know, the people who run into all claims like ether for example. i'm not sure they're aware of the fact that they run on servers over there at amazon. and that if, in fact there is a crisis like government decides the seizure of money, like we saw in cyprus, to be able to seizure ether off. amazon server is it would take 10 seconds and so it's no,

it's not secure whatsoever. that's exactly correct. and this is why once i realized this baggage, going as far back as 20142015 i unit, the only interesting projects in crypto space is bitcoin. now it is remotely possible that someone is building something that may potentially be interesting on top of an area, but it's ultimate down. you know, it's ultimate failure will be the fact that it's built on top of material, which itself is not all. busy that essentially, and it's not very secure, and that's really, really important. so eventually, if your project requires the central, the centralized layer to ping into your project will migrate to be on top of that point. and if it doesn't require the centralized layer, so you're better off going with a centralized solution. because to me, at theory, at the end of the day is the worst of both worlds. it takes on the same problems of a centralized entity with the initial problems over the centralized watching.

because watches have their full, this point is energy and, and this point is not the fastest and it is cumbersome. so a theory of takes out all the disadvantage, a wash shade without giving you any of the actual advantages because those things can be exploited. there's just not a centralized problem. the energy usage of the big claim is, is being talked about a great deal right now. but if it's pulling energy away from the legacy system in the money system, in a central banking system, and that's a good, a good listener. it's a great thing and the energy that is full and then it's mental energy. it's so much more important. everyone talks about why the dollar a. so shawn and some people say it's the u. s. military and other people say it's petro dollar. a, to me, all of that is ridiculous. there is one thing that makes the us dollar the war, reserve currency and most trusted currency. people's brace. as long as america is the place where the youngest and the brighter,

want to leave their countries and come to america to start their companies. that's what keeps the dollar us number one. and i think what we saw in 2020 that's going to add. i think people are start with the trust america, much less. we saw the cloud show though, the u. s. collection in 2020. we're not going to pick size here, but it did not make america look good. no matter which side you were on. we saw the protests, we saw that government shut down businesses. and now the u. s. the paying people to not work. this is way our into been yours will say why i'm going to come to america . the wealthy in america are now being humanize. i mean, sure guys like you last can go gaze. super super super billionaires are still be in like trace. but if you are, but if you're not worth is between 1000000 and say 50000000 or 100000000, you hated using evil capital. that's not a society where people want to move to start their businesses. and they going to

look for other more globally, the centralize option. and because going to change the world, because now what bitcoin, you need a corporation, you can use bitcoin as dodd base, as payments are becoming faster and cheaper through the lighting network. so i can see a future where people are defecting from america, they're getting, say, a caribbean passport for example, and then they don't need to establish an entity in any country. they can use bitcoin for their financial transactions. another company is fully virtual, so they don't have to rely on a single jurisdiction. and that's going to cause the fall of the dollar. right. let's start you politically for a 2nd because you do a lot of traveling, certainly before the covered christ. visiting many countries very interesting that a country like rush of right now, they have completely divested out of dollars completely. this gives them a lot of maneuverability. now, to do side deals, bilateral deals develop their own payment, rails, escape the head, gemini, of the us dollar. and not have to couch out to the us dollar in the us dollar

system was just open the floodgates you think for other countries to do the same. it's going to be hard for smaller country without the resources and without a strong leader that can stand up to america as much as people are demonized. putting has the same quality a strong way are they're trying to do what's better for their people in their view without being bought or told what to do by another country. and this is a big difference. so russia is able to do it, but a small country, like how does an african country stand up to the u. s. government in africa that we're seeing incredible adoption, a big one area and companies like taxable, you know, they've got an amazing app people on their big claim and they're trading and it's on campus cable as well. but it's really time i hear ya has declared before any legal they're trying to i mean, right, but it also goes for the leaders,

for example, i was in tanzania and stanza bar earlier this year, the reason i was there is because the president stood up to kobe, he tested a bunch of fruit, it came back positive because of it, and he says, our country is not doing the whole colbert thing. there's no masks, there's no testing, you're all welcome. busy to come, what happens that our president, he's no longer alive, and this is the problem. it's hard to stand up to the west and their power over the smaller nations. and this is where russia and china is able to do it . china taking it to the next step where china is now trying to control other nation. so i'm hoping that bitcoin will destroy all dot bit coins. ultimate goal is to remove this power from any government. and that will help the world, people will be free or in general. and when i see everyone promoting their own version of bitcoin, and they're just trying to inflate the people more with their own currency instead

of actually uniting and trying to fight the bigger fight against the global currency and the control by the governments of their people through the currency, the crypto space is creating millions of currency. we all thought out to have a $150.00 currencies around the world was bad. now we're in a world where there was a 1000000 currencies and i don't think that's any better to that point. the phrase, rules, not rulers. what does, here then big, big coin has very clear rules, is governed by math and consensus, and the use of electricity and proof of work, and anyone could contribute to decentralizing bitcoin by running a whole node. it's free. it only requires a little bit of your time and a little bit of an education curve, and you can keep bitcoin decentralized. so dot, everyone follows the same rules without being controlled by

a ruler because there's nobody in charge. right? so that note is the basic unit of the decentralized revolution. it is because doc node allows you to validate your own transactions. you are enforcing the rules and other way to look at it. when someone gives you a $100.00 bill, you have no way of knowing that it's counterfeit. but you are a dependency that someone else will take that bill. with gold, you have no way of knowing they were going to goal is actually verifiable goal. but with the coin you do, your cell phone can verify the authenticity of that bitcoin coming in. and if you are not running your own node, you are relying on someone else attempt the katie, that big point transaction for you. and while. busy that is somewhat ok if everyone is relying on someone else attempt, the getting the we're back to the old system needs to be enough self authenticating, note to keep the whole system honest and anybody can do the great job. thanks so

much. be on record. thank you. max, all right, and i was going to do it this additional tries report with me next thursday, or one of the tone bay is so next time the me i ah ah, me the bite and some in his coming

gone but by whose real message on his european toward was to galvanized washington outline into some kind of anti china lion. did he succeed? also the january 6th, right? the f b i n b r i b a u. s. i was a potential losing the city and i kept saying you're going to be one of them. some push as it was actually closer to the news rather than only me and.