for this saturday, thanks very much for joining us. it's coming up to half past the hour. i'm call him bright, back with more in around 30 minutes. see it then? oh the the the hi m x guys are this is a cause a report, you know, nature will not be denied. nature eventually takes control and we're seeing it in the big claim. mining, migration. stacy? right, well, we are seeing right now an historic event, right? it is the great hash power migration. china has kicked between miners out of the

country. and there are many reasons for that. we're not going to really go into that in this episode. but what we're talking about is the migration of all that mining from china to cause expand to texas to elsewhere in america and around the world. but i wanted to thank you to point out that you and i were recently speaking about how when the spanish empire, around the world, the spanish armada control the seas. they could get away with just plunder, right? they didn't need to seek profit, they didn't need to build wealth or create, well they just plundered. and we're seeing that in this to me, what we're witnessing is profit versus plunder as motive. so here, all these big, why miners, they have no ruler, there's no leader in bitcoin, right? there's just profit, so you have to follow wherever the profit goes. first, let's just say, you know, china's kicking out more than half of the world, big point miners and a whole lot of them could be headed to texas. james,

a lot says about this migration, these thousands of between mining a 6 are being shipped immediately within a few hours of the band being announced. normally in order for an internet service to relocate major infrastructure without downtime requires massive amounts of planning and coordination. and yet, we're watching a tectonic shift and bitcoin mining infrastructure occur without anyone in charge. yeah, this is one of the most amazing engineering accomplishments. the humans been a part of since the beginning, you know, going back thousands of years. we've rarely ever seen anything like this jamison lobby point. there's a couple of ways to look at this. i mean there is a one point, a $170.00 quintillion calculations per 2nd on the network a rayed globally. and that had to some degree,

the center of its universe was kind of trending toward china by a big coin is a very unforgiving, and that it only allows the most spiritually centered and morally, rectitude of, of us, are allowed to have this to be in graced the graced by big coin miners, so china kind of rejected it as okay, that's another story. but where is it going? it's going to the united states of america principally where the last home home with the free home of the brave is still thriving. so you can see a lot america makes sense. catholic stand, you know, they're going to experiment with it. so it's on the move. it's like the starlings, the murmur, ations just circling its nature. but you can't stop nature, you can't stop it going in. there is no center, but there is no authority. there is no person in charge. it's simply comes from a spiritual, deeply spiritual place. the all the native american saying comes to mind that

spiritual law always trumps man made law. they didn't use it because i paraphrase, of course, but man made laws never survive spiritual law because it is a pure spirit. it comes from the pure spiritual center of the cosmic universe and now are saying it really do something that no human ever seen in the history of humans. they've never seen anything like this ever so big queen itself is beyond nation state. it is beyond any ruler, it is beyond any individual. it is beyond what these. if there's any patriotism in those chinese miners, all they care about is profit. they will go where the profit is. so they follow no leader, they go to catholics, then they go to america, they go wherever it might be. el salvador volcano energy, they might go wherever they're going to be able to set up their minors and mine bitcoin. the other thing i want to point out is that in china's defense say,

they're competing in the world and they're in the cities trap moment, which maxim, i've talked about, their, the rise and power, the u. s. s. a thinking power, i'm talking about profit versus plunder. the rising power always ends up being rising power because plunder is not an option for them. the hedge tamani, the hedge, a monic power always is the only one in the world who can kill people and plunder. there are a lot whether it's ganga khan or the empire or the american empire. they could take you can't no other nation can. so they've had to compete on profit. nick carter has a long, interesting piece that you should go read over at coined s dot com. and it lays out the case that china has spent billions and billions of dollars building new of a massive infrastructure of energy. and they've had shoot surplus for a long time, but they've also built over the past 5 years, really high voltage power lines to be able to carry all the energy from the stranded where it is now to the built to the, you know,

city centers and manufacturing centers, so you know, they're now big miners were using that cheap energy, but competing with industry, which was, you know, their, maybe their plans are like, you know, building every, creating all the wealth of the world, manufacturing everything. who knows, but the thing is the individuals in the big claim mining space over in china picked up. they didn't complain, they didn't lobby, that's one thing about your government. maybe not being democratic and answering to your, your needs. you just pick up, you have to go, you have to survive. right. so the enterprise picked up, they moved overseas, were seeing huge in place where here's a great point here, china logistics firm. and going to confirm the cnbc, it is air lifting. 3000 kilos are 6600 pounds. big choir mining machines to maryland usa farm pay. international advertises products delivered door to door tax on both ends cleared price per kilo as low as $9.37. and i have some photos of this 6600 pounds of my new equipment arriving in maryland. and of course,

a lot of people have the china foot as it's called, the china is too much influential and big. well, now that's over. that's why over the energy uses 5 is over the adoption by el salvador, bitcoin as legal, tender that killed the energy 5 because they just plug into free geothermal energy from the volcano. thank you very much. and you mentioned texas. i mean, texas has got a lot of cheap energy. we're going to be in texas by the way, july 8th, doing a live event in austin, texas. you can find out about an online just follow max or stacy going to be doing a whole live show in austin, texas on july 8th, will be there at a place called the spider house in austin, texas. you can find tickets online, but to get back to the china story, they're going to start. they'll realize their mistake at some point, of course, and when they come back into by bitcoin as a strategic reserve to compete with all salvador, they're going to be paying $5600000.00 a coin. actually when we go to texas, we will be taking our cameras. we will go out to one of the largest,

if not the largest big point mining operation in america. and it's in texas not too far from austin. we're going to do that, and now continue with that profit versus plunder model. the plunder model is only available to the top dog in the global fear. that's why the u. s. gets to be that person, but that entity right now, you're a pass to compete. they have to, you know, manufacturer, they have to create things at the manufacturer. well, they have to do that sort of stuff. say with asia saying with latin america, one thing that's really important to it is that if, if china is, you know, the top dog in terms of building the profit motive and manufacturing and wealth creation, they will, i think in the future i want to, you know, guarantee that it's an insurance policy, bitcoin is censorship, resistance sort of payments, rails. so i think it's really understand soon how important that is. but i also want to turn to the story that our resident expert here at kaiser report,

dan collins, he's a expert on china, works there for 20 years. he said this about logistics firms. so this is important with that picking up and sending all your goods and services overseas, especially these menu they've been quite minor's. chinese logistics firms will deliver 100000000000 parcels and 2021 double. the number of 2018 package delivery costs have been decreasing by 10 percent per year for a decade. meanwhile, and the u. s. package delivered costs have increased 5 percent a year for several years in a row. now, logistics is the oil that lubricate a modern economy. the u. s. should be studying the supply chain up and down to ensure fair competition and technological leadership. but that's what happens. we covered that about that happened to the spanish empire. it happened in the roman empire. it happened gang of con. once you're, once you, you get to control monopoly. you have the monopoly on force around the world and

plunder. you always become lazy. you always feel like logistics on vast and logistics and supply chains. how boring, who is best not like. why not? we just got smashed and grab bright like why build that stuff. right. certainly the british empire perfected logistics. you know, the sun never set on the british empire or dominant domination of the see the sea lanes. right. and so the u. s. what china is saying is that they have, especially with one belt one road initiative, they're going to kind of connect a similar empire of that brit great britain had. but it's going to be land based. their ideas are going to create a land based empire, but it's all fee based, so therefore it's doomed. and anyone to partners with them is also exposing themselves to the risk of bitcoin. absolutely replacing all the money as we're seeing in el salvador is the spark. el salvador is the shot. heard round the world l 5 door is the battle of concord. for those of you who follow the american

revolution, it's the spark upon which paul revere another american revolutionary reference set in motion. the idea of a government buying for the people, this is the idea of money outside of the state. never happened before history. so people in the field world, the corporate media, what they've always been there is a lot of fun around trying and trying to pick wayne and blah, blah, blah. and now this is happened, china's band between mining, they haven't been coined account value coin. they know that, but they can band between mining the miners picked up within 24 hours and already scattered around the world. thus decentralizing even further than network. but so therefore between didn't need china and it doesn't need any individual. and that is really important for the final thing as the lead into our 2nd half, where the 2nd part of max is on stage appearance. at the point 2021 in miami with michael sailor. and that you said, this is a review from bitcoin magazine and they said, kaiser took the stage at the recent big point 2021 conference,

while decrying mosque a moment, the gotten media attention and come to represent a philosophy, central bitcoin, no single person, no matter how influential in their own spheres is more vital than the network? right. my creve coeur, as i like to think of at miami because 2021 was all about this idea. you know, i did, i've been this for 10 years in big coin and whenever somebody puts their head up and try to be a centralizing figure like neil on mosque as tried to do, he needs to be hammered down immediately. so that people understand that there is no central figure, it's not a cult of personality. it's, it's a network that is really, you could say self aware and on a vector and taking us to a place where money and state are separated. and freedom will ring from sea to shining sea, from pole to pole. every one of the 8000000000 people approximately have the ability to transact value outside of the state outside of the banks with no one's

permission. all right, we're going to take a break and when we come back, much more coming away, the me rather driven by adrian shaped by those with me in ah, dares thing we dare to ask me. ah, ah,

always be polite, never engage with an aggravated or confrontational office. don't get into any conversation to start answering questions. just ask for an attorney to survive and interrogation, you've gotta be ready to step out. definitely don't want to be going to trial in a jump, so one cups 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 mouth. 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 date yourself a whole the me welcome back to the cause report time to return to the interview with michael

sayler. bitcoin 2021 in miami, michael sailor, c micro strategy. he wrote the playbook for corporations on how to get into bed. coins always got fascinating stuff to say. here it is, mike, let me ask you this. some ceo's, some academics, some economists, they look at big coin and they are emboldened by it. they see the future. and if they there see the possibilities in other academics or ceo's or academics, they look at it and they become frightened by it. they develop it going arrangement syndrome, and they seem generally threatened bias. what, what goes on, what happens is something in the mind or they're not prepared for it. you're now in the front line of this thing. you're very visible, you're the ceo, you're the guy. you're talking to them, what, what explains this phenomenon? the big point arrangement syndrome phenomenon. i think that if you're comfortable in your environment, if you're, if you have plenty of walls and you're in a comfortable situation,

then it's in your best interest just to assume that things won't go on the way are . and you can't imagine a change in you can imagine a change in the underlying physical circumstances of your environment. and like if the ship is sinking and you know the ship is sinking, then you become enamored with a lifeboat. but if you don't know the ship is sinking, and you've got the luxury cabin on the ship and someone comes and knocks on your door and says, you've got to run out and jump in the water right now you think that it's a nagging problem. so to appreciate the point you've got to put in the work, but you have to have the motivation. and i think that some people, some people put in a lot of work, learned it and understood it. and then of course they're very passionate about it. others, they have the motivation, but they haven't put in the work. and then lot of people don't have the motivation, right? it's not going to change their life. and so they, they can't conceive of their world view changing or thinking because they're just

things like, whenever i see anybody criticize, i say, well, what's your solution to people in argentina? right. like when you're in new york and manhattan and you're in a cocktail party and then you're criticizing there's like, what are you saying to everybody else in africa or south america or asia or venezuela? what is your solution to them? i think the big point critics, as a general rule, they're all for this category. they all just criticize something that they don't understand that new and, and i've never seen a critic say. i have bitcoin. i think that people in the rest of the world should buy no one says they should buy apple stock to save their life savings in africa to avoid having it be stolen by the local government. nobody says that. so if you

don't give a constructive solution to the problem, then you're just reflexively rejecting a new thing. are you essentially a corporate heretic? and what i mean by that is in corporate ceo suites, they borrow money and they buy back their own stock and their executive options go up a lot value and they cash out. you looked at the situation, you said on the i q, but my balance sheets melting. i'm going to buy big point. i mean, even going to borrow money to buy bitcoin. it seems almost like a speculative attack on the central bank itself. is that a fair characterization? what are your comments? i think for a decade conventional treasury strategy was i buy short dated treasuries. and in order to get my stock up, i buy back my equity and leverage up my cash flows. i watched 99 out of

a 100 of my competitors all go out of business pursuing that strategy. what they do is they either buy, they do a dilute of acquisition, where they, why, another company and they keep bolting on acquisitions until they've got 37 companies and all falls apart. and then they sell themselves or take them private, or they keep buying their stock back and leveraging up and are and one way is the capitalizing, the company, the other way is deluding the company when what i was doing a bit coin was saying, i don't want to capitalize the company, i want to keep the capital or grow the capital but, but i want to put an asset on the balance sheet. and i think a big breakthrough is i can convert my cash from a liability to an asset. and then we realize that that assets going to go up by more than 10 percent a year. and you can borrow money at 5 percent or for 3 or 2. then you should pretty much borrow as much money as you can and flip it into the asset and why wouldn't

you? right, but it is gonna fall time on this ultra low interest rate policies by the central banks that seem to be there only to benefit a few select that the top while disenfranchising the many. and if all corporations do, what you guys are doing, it would seem to disrupt the central banks, which in fact would then help bitcoin. is there a virtual cycle here? should central banks take a more politicized stance? and do this for that reason as a way to get rid of possibly the greatest threat we have and that is the central bank and i'm catholic, haven't you agree with this thought quite unfairly with this question. however, i think you see, i'm driving at, is there a political angle to this at all? are you allowed to say that? i think we can all go forward constructively together. like re down. you said

you'd rather own big coin than a bond. there's 100 trillion and bonds. i was a big statement that he may just a week ago, right? corporate treasury's are holding bonds as people rotate bonds and cash and the big coin price discovery will return to bonds. and that means that you can buy an annuity for a fair price, and that's good for the world. it would be good to be able to buy a bond that had a good annuity stream. i think the price discovery will return to stocks and you'll be able to buy a stock the page of each dividend that's less risky. and that will be good for the world. i think that you'll be able to buy, if we, if wearables, if we de monetize, residential real estate, you'll be able to buy a house at half the price that's twice as good, that'll be good to the world. and so i think that the virtual cycle is bitcoin is the monetizing gold. your jewelry will be twice as good, half as expensive as the monetizing real estate. your house will be twice as big,

half as expensive as de monetizing debt. you will be able to buy an annuity that yields 8 percent interest with no risk. as the monetizing equity in e t f, you'll be able to invest in a company and not pay $50.00 times revenue and take a risk. you'll be able to invest reasonably. and so big coin fixes everything and, and if you wish me to make a political statement, the political stage would be it fixes government because of fixes everything else. government act rationally. and right now, you can see governments acting rationally, right, and weak countries, their currency collapses to 0, and they have to adopt a new currency, right now they're adopting the dollar. i see a world where a 1000000000 people have a mobile device and they have a digital wallet and they have a current, a digital currency, like a dollar or

a euro. and then they have a digital asset. bitcoin and bitcoin linked together, 8000000 people lynch together, 100000000 companies, it synchronizes the world across political jurisdiction, and a returns rationality to the entire financial system and returns freedom and property rights for the human rights. i'm sorry, you said on occasions. it's very interesting. you seem to allude to refer to biglane as something of a new life form and sometimes you refer to it as evolving. you say nothing can compete with big point is money unless it's a unique, beautiful creature that does something unique. like plank or a lobster, you refer to one of the points out there, theory him as a shark docs that lives in tree. right?

so you, you use the life affirming metaphors quite often and, but the idea is really the reason i bring this up is because the difficulty adjustment, the way it acts seems like it's alive in a lot of ways. so what, what are your thoughts on this? i think that a crypto is living creature we, we release life in cyberspace and, and because you can think of as a plant life or a plankton, it's a base level life it's, it's not the most complicated creature. it's not, you can think of some of the other defies. they want to be animals and run around and big point wants to be green greenery and, and cover the entire earth. once you've released the dna of the of the big coin, you just have to let it fast, faster, everywhere in the world and let it be it. i think the beautiful thing about bitcoin is, it's done. there's no reason why it can't become a 100 trillion $2300.00 trillion dollar creature. and i the fundamental difference

. so i think where the crypto like bitcoin versus what other people are trying to in the spaces, is the. so i have a crypto acid is i put my, my monetary energy, my life force into it. and then i let it, i let it live for the next 1000 years. and it's ok just to be alive for a 1000 years. it's ok to be, you know, what's wrong with being rich forever. right? i mean, and that's what bitcoin is. and then all of the innovation will take place as a layer to i think it's, i think when square builds bitcoin, when pay paul builds big point into which layer to which people build lightning applications enter their applications on the layer to i think they're doing all the beautiful, intricate, functional, high performance things, and they take the risk,

they have the upside, but we don't and pair the underlying base layer. the life force of the world is big point. we just got to let it be and respected for what it is and not mess with it. so let me ask you this. so you, i believe the longest sitting ceo of a tech company in america. active ceo, continuous going 20 years. and you've been around the block a few times, you know, the industry. and this is like a 2nd life for you. i would say this is was, this was the shock to suddenly come upon this technology. and really there's been a rebirth for micro strategy. and for, for this industry, how do you, on a personal level, was that a surprise to you and how did you react to that? you know, i mean, they say bitcoin fit, we say back when it's hope and bitcoin fixes everything. i definitely was the case

with our company. i mean our stock was at $90.00 a share. we were one. we were $120.00 a share when we actually decided to embark on this strategy and imbued life in to the end of the company. life and to the employee. morale was dramatically boosted. you know, we just had our best quarter best 1st quarter. we've had an a decade. i was ready to quietly retire. i had not posted on facebook, not posted on instagram, not posted on twitter for 4 years. just about and then bitcoin happened to me and i got dragged into the, into the limelight again. here i am. like all right. that's it for this episode of kaiser report with may max kaiser, stacy,

herbert and michael sayler. until next time, by the me. the response will be necessarily need budget. you didn't have the target, but again, jack in john's island is died. i might have talked to you guys but the most the most difficult to find the bugs. there are 410 days right on the bank of the work under water chemical lives and has are, this is going to develop a new to mon,

their international market that these industries that polluting you simply ignore in one days that mother and when we loved them other than the admins we love the in the, the the for the 1st 9 months there was no improvement in the virus. it jumped out fully made. now that is a real sign of what's called, again, a function work. so i think in a function where you take the virus, you want to make it more lethal. so you're exposed to human eyes. mice. it makes many, many, many, many, many cycles. and in just a few months, you get something that appears to have evolved over the years. and the fact that

this, when this came out, was all ready adapted for human transmission. it's again an unprecedented use. the headlines this hour, the u. n. is pressed to investigate crimes against indigenous people in canada. after another $751.00, i'm logged grades of founded a former residential school. the chief of a local 1st nations group tells are they faced genocide generations. we did not ask for all of this to happen for 5 generation with policies in the 1800 early 1900. this is genocide iris police play a hundreds of tents from the city center off the refugees, that supported camp and a desperate bid to draw attention to homeless migrant.