is many on the left in the labor party and in the trade union movement as well as campaign and independently. we place a high priority on influencing those who are genuinely on the left in the labor party and the trade unions. from time to time, we see some results. for example, the trade union congress. this week has thrown its weight behind the calls for the wealth tax on the super rich. this is a long standing policy of the communist party in britain under which left allies in the working class movement. and we're seeing that kind of policy. no beginning to make real headway still being resisted by the leadership of the labor party. but we've won, i think a fairly significant victory this week already. okay . and is accredit failed here on the left. i'm sure it'll be watching come this weekend for the results. i'd be watching it with us on. i'll take another robber, griffin, general, secretary of the communist party of britain. thanks for your time. pleasure. thank

you. okay, that's all from our selection. h q for this our, our ranks and correspondence are going to be head right the way through the remaining campaign days. and those old important results by monday morning for now though, that's it for me, colleen break of this hour. thanks for watching. i'll have your next global updates and stay tuber election, special in half an hour life from moscow. you know, without the international ah, what we've got to do is identify the threats that we have. it's crazy. even plantation, let it be an arms race is often very dramatic. development only personally, i'm going to resist. i don't see how that strategy will be successful, very political time. time to sit down and talk

the join me every thursday on the alex simon show. and i'll be speaking to guess in the world, the politic sport business. i'm show business. i'll see you then me the guys are this is the cars are report. you know war is over if you want it really. yes. and dave stacy? well, many great people throughout history have said that certainly great thinkers, great singer, a great artist, and great businessman, maybe this guy is not necessarily a great guy, but you know, he was a good businessman and that is henry ford 100 years ago. henry ford suggested that

wars could for ever more be prevented if only there was a currency denominated in kilowatt hours. question. does this sound like something that now exist? hint, thank bit quain time for a thread. and this was from a guy who had he is a co founder of gallo, which is like that wallet being used in el salvador. and he was responding to yet another piece of fight from the new york times where they were like, bitcoin uses more electricity than many countries. and that this is a bad thing. but what the threat is going to show is that that's actually a good thing. and exactly as henry ford and others by the way, economists like me sees and higher and stuff like that. we're saying that energy back money as well as buckminster fuller. we're saying energy back money is the best option. right? big right, exactly. the new york times spaces formidably off off the mark, right?

because think about it because it's becoming the global standard monetary standard, then it's being secured at the moment with less than one half of one percent of all the energy produced on planet earth. and we know that 25 percent of all the energy produces waste of energy. so very small, minuscule amount of wasted energy that just gets wasted not used, is used to secure a monetary network that ensures that a 1000000000 people have individual sovereignty and monetary freedom. so it's incredibly efficient versus everything else that's come before it now in terms of it being backed by kilowatt hours and, and records observation, that's absolutely true. and essentially because of the realization of bad dream. yeah. and it's important to remember, you know, i was really, it's kind of off topic of the energy story. but the fact is that this is so unique in history, in that you've had oil, or you've had gold,

or you had central banks. and those were some countries were uniquely endowed with that. and some countries like with the central bank era, are uniquely endowed with a huge amount of force and violence that they can inflict on everybody else to use their currency. but all of them were either centralized in some way. we see that with saudi arabia and the usaa relationship at the moment. but because it is totally the centralized and totally distributed and anybody because of the way it uses energy, it could capture that stranded energy and like places that were just left off the financial and banking in economic grid for centuries, decades. you know that they can be put back on that they don't need to now bag washington dc for some handouts to be sent to like say, somewhere in south africa, which has one of the highest rates of renewable energy's in the world. the sun

solar power available to them should they wish to pass it? like you can capture that stranded energy. now because of the big point. right, you know here a platter and it's based on energy. it goes all the way back to the big bang. approximately 14000000000 years ago, and we're still living on the trail of energy that was started back then. and there's nothing that doesn't use energy here on platter, or the question is, what are you using energy for? and can you use it more efficiently? right now, all the energy use for the fat money world as you point out us back by violence, right? as the new york times said, the us dollars back by violence, that was what paul christian said. there columnist and so big coin is not backed by violence, there's no way you can co worst anyone to give you their private keys if it's properly secured and it's impossible that doesn't even apply to gold. gold as

easily confiscated will, as has been done many times before. so the amount of energy required to secure a global independence for a 1000000000 people is a minuscule of the energy use today to put out this money system. and therefore, the total energy usage on planet earth by humans. as i've said now for a couple of years, as we go to a big coin standard, the energy footprint for him would be cut in half, at least. right, and we're going from empires to nation state and now to individual sovereignty. and there's, by the way, no more stress with energy, then volcano energy, right? and el salvador, which is one of the smallest economies on earth, is now the 1st to have a big coin standard. and they're going to use their volcano energy, which is not only stranded but abandoned, hugely. nobody wants to live near a volcano, right. like who the heck wants to do that?

well, there you're going to be able to tap into that free, abundant, nothing. no. and no force on earth is bigger than nature, right? and humans that haven't been able to be as powerful as nature and that energy is going to be tapped into. now, back to henry ford, he said, one of the greatest businessman's ever walked. the earth said hunter, and below is a snapshot from the actual front page of the new york tribune newspaper on december, 4th, 921. he said ford would replace gold with energy currency and stop wars follow up on the tweet. ambrey ford offers up the idea that all wars would be prevented with a currency based on energy usage. quote, the essential evil of gold and its relation to war is the fact that it can be controlled. he said this in 1921, break the control and you stop the war. yeah, that's right. for the raisins. so we've been talking about. it's not back by violence. it's backed by the monetization of peace. actually,

when it comes to bitcoin and with energy, it is decentralized. buckminster fuller said that planet earth gets about a 1000 times more energy every day that uses, right. there's a lot of energy around. the question is, how do you harness it? what do you do with it? and with big coin you're converting electricity into the hard money ever known, then the history of the world. and so once you do it, it can be used in perpetuity. and that has the ability, essentially to distribute energy and energy usage down the granularity of that to a point where in my view, where we're headed is a future where the whole idea of money itself changes radically. because mostly what drives people's need or want of money is a perception of depravity. but once you're converting nave, the energy which is you pick what is an infinite into bitcoin. all

the fear of not having something or not having enough disappears. so we, as a species evolve in this huge quantum leap enabled by big point that they get out of it. or we're going to see something remarkable. going to see that economy take off the g d p and our salvador is about to explode higher. and that all regions about to go fully bitcoin hyper quantization. and that's going to filter up to some bigger countries. it's going to go global and we're all living to something that is absolutely remarkable. and i do want to add to those in el salvador watching this the dubbed in spanish version. i want to warn you, you know, now that everybody in the world knows your air drops some bitcoin and just be aware online max will not be contacting you. there are a lot of impostor accounts of macs. so we noticed when max tweeted and spanish recently, there were a bunch of scammers pretending like new scammers, emerging to try to contact you. so make sure not to give away your bitcoin to

anybody on line. and in terms of this break the control and you stop war, break the control of the money. so you stop war. henry ford saw this, and this is one of the short comings of gold, is that the vast majority of, as of it is in the hands of the central banks. and they can do with it what they will they control that. so they could make war wherever they want. bitcoin is not controllable. even somebody like michael sayler, who's just buying a billions and billions of dollars of it. the queen has already proven and 2017 that no oligarch can stop it because the algorithm and the distributed nature of it prevents that from ever happening. there's no one guy to appeal to if you want the fed to do something for you,

flash back to 2008. in the middle of the worst part of the national crisis in october. who did jim kramer at cnbc appealed to he appealed to ben. fernando and pam pronounce, listened, print, more money, lower, rave, bail out the bank. and he did it right. there's nobody to appeal to embed quite and you can't, you can't, you know, cause these imbalances. you can't interfere in the flow of the funds. you can't stop, the network imbalances won't disappear. but on the other hand, the imbalances won't persist. the problem with the bernacki system in which m. kramer proved into this 2000 or 8 embarrassing plead was that the bows had been going on for too long. and at that crack that broke. but with big coin, a big coin standards the bat and balances correct themselves very quickly. just

like driving a car. you know, you're constantly correcting yourself when you're driving a car and the net result is you're going or you're going to go if you just kind of point the car that way and went to sleep, it wouldn't work out well and that's pretty much the policy we have in united states and around the world today is that central bankers really don't think through much what they're doing. they just print the money and then they go in and have a cocktail and lunch and go out to the hamptons, and they forget about it for weeks and months and years on it. and they haven't had a new thought in their head in the federal reserve. policy making committee now for almost 20 years. now. again, the central bank will the elite thinkers of the cable news class. they're against bitcoin because i say it uses energy. but everybody from buckminster fuller to henry ford to frederick hyatt, all pointed out that that would be the best sort of currency to have. now we cut to that money printer go broke and look what they have, cause and look out. they are able to control gold and you could see that in this m

to money goes for. here's the charts for bitcoin stock box and gold adjusted for money supply expansion. and you see money supply that the huge surge last year than this is a bit coin. and this is the s and p 500 and there is gold has been declining at lock stop as m 2 is going up. now a lot of people say that's because of manipulation that, that obviously, this is what central banks look at. the gold price. alan greenspan had admitted that in f m. c minutes that were released. you know, everybody knows that they look at the price, the goal to see if people are going to keep on buying into that scheme and accept the money printer go better and, and this is adjusted the growth trajectory on the same scale. this is bitcoin. this is the s a p 500 and that's gold versus the m to money supply. so big coin is i is going up. you can search online for a film, the max of safety made called as good as gold proximately, 16 years ago,

which outlined this exact same thing. and so this is not new. and this is the fact that we've been living with bitcoin changes everything. and we're going to take a break and when we come back, much more coming your way the coin change is everything war is over. if you want it, the me ah, ah, the ah, ah.

the the me welcome back to the kaiser report. i max guys are time out to go to michael panto. yep. news. the money manager down at the pen to port dot com, whose latest commentary is titled the great deflation of 20. 22. michael. welcome back. so good to see you, maxwell. before we get to the flesh, i want to ask you about golf on both a 10 year chart and a one year chart. gold is down. how is that even possible against the backdrop of the fiscal and monetary stimulus?

you know that we've seen the same data control is what's going on. michael started as a warning to those who think that gold is always great as you get some place and all the time. i mean, we have whole braces that have risen by over 90 percent year on year. we have p p i, you know, high single digit cpi, high single digits, and yet goal is down. you have to understand what drives goal, role bones and non interest, very assets. and it doesn't do all that well when real interest rates are rising. and that's exactly what has been happening since late summer of 2020, which is why i sold all my goal back then. i only on re percent read or 5 percent. i've been juggling and toggling between 3 and 5 percent. because by q 2 of 2022, you're there one on gold with both hands because real interest rates should be flowing by then you're going to have this inflation deflation in june of next year or right

now. so he a lot of pressure on the tenure and duration bonds. and you know, i'm reticent to increase that allocation right now. but really, res, reselling later next year and you want to start getting an increase in your allocation as we get closer and flesh on the us to follow up on this is running apparently at the hottest is better 40 years on your, on my 40 years ago, however, rent is free student debts are about to be cancelled, and universal basic income is pretty much a reality. right, so they're printing off the money inflations out of $40.00 or high. so you're have you have you plug that into your, your view, inflation to lagging indicator. i don't look in the rear view mirror, the drive use a staid latitude. so why did we suddenly get inflation match? that was way higher than the bed ever wanted. member, they couldn't get to 2 percent. well is me the we can't get to 2 percent inflation

. what are we going to do? the core pc is below true level. well, they figured out, you know, they have 19000 ph. d economists. how do we get inflation? how do we engender inflation? well, they finally figured out, pay the us citizen, so much money through a government stipend and helicopter money and mt to sit home and not produce goods, not produce services, give them more money than they would if they had a job. and oh my gosh, look, you got booming money to buy growth brought us on a supply, growth booming and there's no goods or services available to purchase. and they've got inflation apple. so they finally figured it out. but just rear view mirror match. they gave the equivalent of every american family, $50000.00 to go out and party. guess what? that was 25 percent of gdp next year. it's 2 percent of g d. p. maybe. as far as

spin dose is concerned, and that's going to come with higher taxes on the rich show that contact that missile cliff is going to occur, occur in the context of a monetary clip match what was last time that they went from printing $120000000000.00 a month to 0. well, that's going to happen in the 1st half of 2020 joe. you have the biggest fiscal and monetary cliffs in the history of the united states occurring in the next 8 months, the 9 months. so why in the world, if you don't know if you don't understand what questions lesion, you're one of these intractable inflation. he says, now i'm not saying that the sped isn't going to respond to the next crash with the massive amounts of helicopter money and the treasury regardless of the conflagration in d. c. right. now, republicans and democrats will agree on another massive stimulus package which will be monetized but the fed. but that's ex post crash. so i don't see how this is any different than in the last 10 years, right?

they, they threaten the raising rates. markets full in 3 or 5 percent, then they print a lot of money and all the central banks around the world are in on it, right? they all work with each other. well, so what's the difference now between i don't see any difference really. i mean, what's the difference? there is the same thing over and over again year after year for 10 years. the difference is, and it's a subtle difference. maybe they, you know, if you're saying that the fed cannot raise interest rates are exactly correct. used to be 6 percent. the trader, the nasdaq in one in 299-0000. well then it was 5 and a quarter that created the housing market. and then it was 2 and a quarter, they traded trader the market in 2019 we couldn't even get to 2 and a half percent. well, the next iteration of a crash might not be one percent. maybe they just and q we in the whole thing devolved into arm again. but it is, it is dramatically different. if you think about all over, you know, the last time we have inflation was 40 years ago,

inflation was running it. you know, the machine smacks if you look at the way shadows to actually look shadow stats looks at it. we're back to 14 percent. so walker had to take interest rates to 20 percent to vanquish inflation. well, i mean, i don't think we're going to go anywhere near 20 percent. i don't really think where he has a 2 percent or could you, could you imagine what's gonna happen to the shadow banking system, the leverage low market junk bond market when they and all of this fiscal and monetary should work. you know, it again, if you, if you raise interest rates just back where they were normally on the fed funds rate say around 5 and a quarter, 5 percent. you think 40 percent of all the revenue on the us that that's, that should be interest payment on our barrel debt will be 40 percent of all of our revenue. so, you know, it's untenable to believe they can, they're ever going to be able to raise interest rates are, are, i'm not saying that i'm saying that it's not going to take very much for the next

crisis to occur. because the level that creates chaos, those down down, down, and i don't think we'll ever be able to really exit queue we fully before the next credit crisis to. and then you're going to have a big problem because they're going to have a chance time. what are they going to lower interest rates? well, they're already be 0. so the credibility, the next time we have a crisis and we'll be at $30.00 to $50.00, maybe even the 80 percent drop in the stock market. i just want to hasten to add that people have to look at history and in other countries. you know, the japanese stock market in 1989 for 2 decades. it's very max. don't i gauge? oh, prices fell by 45 percent or 20 years after the big epic or their spot market, the net i o any percent. and it can happen here. i mean, you don't think a bank is mcknight is as maniacal as the fed. so the,

here's the point we're going to have massive destructive, disruptive periods of both deflation and inflation. and that's the predicate for my model, the idea modeled inflation, deflation, economics like a model. all i'm saying is you have to be on the right side of that tree. because if you look back in history, we've had blue bus cycles, like we've never seen before. the duration get squeeze, duration between the chaos get squeezed and the, the bottles get worse and worse, purchasing power for my us dollar, is it going up or going down? so it's going. so right now it had been going down for several years. if you look at the us dollar as merit measure on the dixie, it's actually up in 2100, 200000000 americans are $300000000.00 americans. their experience with the dollars

in their pocket, the purchasing power. is it going up or going down, or just wondering ok, and that's been the story for 10 years, 20 years, 30 years, every single year purchasing power of money goes down. and so my question i get back to it is those who do have some a well, why wouldn't they therefore protect themselves against the plunge and purchasing power of their money by buying gold? and therefore, why is the gold price stagnant? right? there must be something else going on here because we've got lots of people with a lot of money. there's like 20000000 millionaires in america. and they don't like having their wealth being evaporated overnight or over the year over year. because of all the shenanigans going on with the money printers. so why are they buying gold? i mean, they're mean the answer is that they're buying these high growth stocks. that's the answer. and those growth stocks like apple and others,

and amazon are doing fantastically well. and those companies are doing fantastically well because they're buying back their own stock with all that free money coming from the fed. so it's a self fulfilling prophecy. and though the gold can compete with that. so why is that going to change though? apple is not going to stop buying back its own stock. it's a $2.00 trillion dollar company. they have their ear, the fed give us all the free money we're going to buy back our own stock. warren buffett loves us. and that's going to continue. now for the next 5 to 10 years, that's not going to stop michael. i love when you ask the question and answer it for yourself as well. statistically, if we got real rates are negative, they're positive. that i'm just saying that from a money management perspective, why would i go against what i see to be the fact you know, why an apple stock not going to go up 20 percent a year for the next 10 years? first of all, i, you know, i manage money for living,

unlike some people and i manage money for a living, meaning that i have to decide whether i want to buy dollars or sell dollars. if you look at terry's history, when we have a global chaotic outbreak, the dollar always rises. not now. i'm not saying the dollar is going to rise against real estate, which is 1900, which is the biggest increase in real estate we've ever had. you know, the year june figure, i'm not saying it's not going to rise against the dollars, not full again, stop and say that, i mean, i managed money for living. i actually own some of the stock that you mentioned for my portfolio. i am saying that the dollar, the rise. secondly, during periods of global chaos is have that happen in 2008. it happened in 2020. it's going to happen 2000. that's all i'm saying the dollars up on the year. on the d, x y, that doesn't mean that me with my dollars in my pocket or losing power. look at, i'm in naples florida trying to buy real estate and set up an office. and the old prices are up 80 percent year over year. so there goes by developers in my pocket,

the start mark is up over 20 percent. and guess what? i mean, this is the, this is what they're in business of doing the barrel. your is in business of destroying your currency, but they're not different than e z b and the b o j the p b o z and the bank of england. they're all the same on the same gene. i let me out for a 2nd. i've got to ask you something because you're a smartphone. what is a reverse repo ok? we got about 30 seconds just what is the reverse repo those you know, the point of from a point of view of the fan based printed $1.00 trillion dollars every year for the past couple years. and the banking system is so flooded with money. the overnight inter bank lending rate is so flooded with money that it risks going below 0 percent, which is the bottom floor of their fed funds rate. so they have to the fed as the shell bond over a trillion dollars every night just to absorb the money in the fed funds market to

take out all that extra money and raise the floor of the fed regatta. kind of pharaoh hold you over for a 2nd segment. thanks to bring the cars a report. thank you max. and i was going to do it for this edition. and till next time, by the me, the join me every 1st day on the alex summon show and i'll be speaking to guess in the world, the politic sport business. i'm show business. i'll see you then me . oh, when i would show the wrong one, i'll just don't rule out the thing because the kid an engagement equals the trail. when so

many find themselves? well, the part we choose to look for common ground in the me, the, the moscow 11 pm on tuesday, the 14th watching out the international life from our reaction h q, overlooking the kremlin, and red square. the kind of down continued the millions of russian voters choosing they want in parliament in a state duma elections that will set the political pace for the next 5 years. where profiling the parties and outlining the issues that matters. first though, here are the other global stores that we're tracking for you this alex us lawmakers .