good match, kaiser. this is the kaiser report. well, i guess it looks like after more than 300 years, bank of england is about ready to go bust stacy. right, well certainly, you know, in the genesis block of bitcoin was the times headline from 2009, january 3rd, 2009. that said, chancellor, i'm bank of 2nd bailout for banks. so this is funny to come full circle. so, you know, as hyper bitcoin ization, a setting in, as the 1st nation has just made big coin legal tender in their country. that's el salvador. and this is a headline that's happened in the last 2 weeks. we didn't get to get to it until

today, but it's just, you know, relevant to some of the other have i'm recovering here. that coin could trigger financial meltdown or bank of england deputy. this was somebody named sir con. lift . yes. so he's complaining that. oh, you know, just like sub prime big coin and might cause the financial systems to collapse. but you know, if bank of england is worried, my theory is that if you have nothing to hide, you have nothing to fear from bitcoin right. if like bad debts, lots of fraud in your financial system, lots of money printing, you have nothing to fear from big coin. like all the major financial scandals. why, through the city of london went through the bank of england, even the bank of england was implicated in a precious market rigging, scheme and the live bar rigging, scheme. it went right through the bank of england, a i g lehman brothers, the sub prime crisis. bernie made up, they all went through the city of london and by extension the bank of england,

it really is, as i've been saying, for many years, the global center, the epicenter of financial fraud. and since 1694, they've been using money printing to enslaved people. and now they're day as calm or we can turn the key and throw away the key and shut the bank of england down. thank god, right. but the thing is that big coin is far more heavily regulated than the banks. so the banks are regulated by the central banks by the financial conduct authority, sort of people. and there, it's a revolving door, they all their friends, their mates, they don't wanna put 3rd me and jail. nobody wants to do that. whereas big coin is regulated by the users and there's millions of them by the nose, by the miners, by all participants. if you're a bit coin or if you have one sa toshi, you are a regulator. big coin, right? we're all in the consensus algorithm is regulation by consensus. so that's already

built into that protocol. so let's look at some of the headlines. you know, max mentioned, you know, all the scandals that of the pass. bernie made offs. fraud went through there a i g scandal there. defrauding went through their m f global. went through there. and i want to call your attention back to repo one o 5. early days of kaiser report, we covered repo $1.00 oh $5.00. and that was lehman brothers. used that so did m f global bo lehman brothers? did all their a lot of their hidden debts. remember if you have nothing to hide like bad debts, if you use repo one o 5, so reba one, a 5 was a type of loophole and accounting for repurchase a repo transactions that the now extinguished. lehman brothers, exploited in an attempt to hide true amounts of leverage during his time to travel during the 20072000 financial crisis in this re purchase agreement. since up that

to close the loophole, accompany could classify a short term loan as a sale, and subsequently use the cash proceeds from the sale to reduce its liabilities. so in london, you are allowed to have infinite infinite repo on 5, essentially infinite infinite rehab papa cation via repo one. 05. in the united states, i was never allowed, is only at a 114 percent, versus like a 1000 percent, 10000 percent. anything you could do with this repo one to 5 through the bank of england's territory called london. right? well, we've been covering for years, countries and companies outsource their financial frog to the city of london and the bank of england. that's their primary source of revenue in that country and, and post breaks it that's been shut off. that's one of the reasons why i said breaks it was so dangerous is that they have shut that down and the revenues have collapsed from the money laundering in the scandals at the bank of england in the city of london are involved with luck. bitcoin was created and invented

specifically to kill central banks. it says on the genesis block, they make a reference to the bank of england when the bank of england start squirming and they start whining that, oh my god, big coin is an existential threat to our existence. everyone who yearns for freedom in the world today should let out a collective hurrah. because we're finally getting rid of the worst actor in the financial scene for 300 years. allegedly right. i mean, there are like the bank of england, the, the moms and dads of those guys who run the bank of england. they think they are doing a great job. so to be fair and balanced, you have to say that their moms and dads think they're doing a great job. but speaking of moms and dads, well, here's a, here's a image of the creed. she's on the 20 pound note here. welcome to britain, the bank scam capital of the world. says reuters says reuters is writers

allegedly reuters the saying allegedly that welcome to britain allegedly, the bank scam capital of the world, allegedly right. they go in to how a most of the financial spell dugger around the world 1st appears in england, you know, and then it kind of migrates to other territories and other countries. they are the greatest innovator in the world, a financial fraud. that's the innovation that they bring to the global marketplace is how to rip people off using our banking tricks that thank you queen elizabeth for harboring all of these folks on your fine island? allegedly. oh, yeah. allegedly ah, exactly, allegedly a finite. right. so, you know, according to this data, so you mentioned that there, there, you know, they, they leave the world and innovation and fraud allegedly allege,

according to the let. so warriors, alleges a half to say, right. and then the thing is they, they mentioned that there was a record of $754000000.00 pounds or $1000000000.00 still in the 1st 6 months of this year, which is up 30 percent from the same period and 2020. so it's certainly going parabolic, there's of course, a lot more money being printed to steal. well, it's a direct result of breaks it because you've removed some of the regulations now. so the people on plague island, the banks, doors on play, island are free to engage and toxic banking tricks on it. at a record levels, i warned, i warned you against this i, it's not because i love you is because i know what goes on in the city of london. nevertheless, it is increased by 30 percent, which is about the amount of money printing that has happened as well over the past 3030 years the past year. right. so here's the quote again,

allegedly it is a real quote, not allegedly, but they're alleging this, this is from islets, bigger levin. she's the vice president of product strategy at u. s. based cyber security from bio catch, which provides anti fraud technologies to banks. and this person says, quote, the most sophisticated fraud tends to start in the united kingdom and then move 2 years later to the u. s. and then around the world, one thing in particular that they're showing in the united kingdom is that these fraudsters, there will set up a website that kind of mimics a well known entity and keep it running for years and communicate with some of the people they're gonna steal from defraud for months and months on end. and the a, they seem legitimate because you have an ongoing relationship with but with them by that they don't contact you with an email saying hi,

i'm of prince. can you send me, you know, a $100000.00? they have a long standing relationship that they then say ok, how about this bond? you know, it's secure, the queen invest in this sort of thing like that sort of scam and that, but it takes months or years for them to even gets that point where they're going to ask you for that. so this is one of the things that they highlight in this article, right? it's all up and down the fraud spectrum from petty fraud credit card scams all the way up to major derivatives, trading insider trading martin manipulations for ex manipulation, alive or manipulation. all with the bank of england's thumb prints all over it all the time. 247 eventually. well yeah, i mean is pretty convincing. the prime, the precious metals manipulation going on in the, you know, in london, you know, that was a pretty much an ironclad case. well, live or is gone, right? library is gone because the united states took it away from the u. k because it was so fraudulent there,

right. it was so rigged it to rigged even for the american. so in a cases where you don't need to say allegedly, with this pat mike true, you have to be careful because then they'll come back and say while you're engaging and hate speech, because you're talking about the truth and the truth is, is hurting us. so we have to be also careful of that because they're very, very fragile over there in england, about hearing anything that's would be considered anywhere else. truthful because it's all, it hurts. oh, well, no. you have to be fair and balanced and to be fair and balanced. the people who are plundering like that got the $1000000000.00 in the 1st 6 months. they love it. they think it's a great system. so just to be fair, they do love it. and there are people that like it now cutting to back to big coin because we said big coin is, has millions of regulators. all of the users of the platform are the regulators. there's no shenanigans that do not escape the block chain week at all. we can all see the on chain analysis and we know what's going on, right? well, there is an in el salvador, as we said, they've now got bitcoin as legal,

tender. so here is just some information. i book kelly, the president of the country. he's a very open on twitter and he's always tweeting all sorts of stuff and i, you know, trolling the i a math and england and stuff like that. but here's one thing. he said about 2 new cheapo facts and cheapo. is there a state run, a wallet there bitcoin wallet, he said one people are inserting way more us dollars to buy bitcoin than what they are withdrawn from the chiva atm. any media outlet can independently confirm this by visiting the thames and to today we received 24076. remittances adding up to 3 over $3000000.00 and $1.00 day. so $3000000.00 and remittances and one day via bitcoin. and that saving an enormous amount of money, millions of dollars for the country in one year, a big percentage of their actual g. d. p will be saved through the mit cutting out

the middleman. the middle men, the butler's, the financial middle men who i do the repo, one o 5, do the money, remittances stealing 10 percent from the ports, people on earth, top hat and tail stealing. and people's one, you know, that scares the jesus out of the bank. a regular but i see a small country like bad doing something that is going to, i mean like i said, the bank of england days are now here with insight to being finished 300 years in existence. goodbye. we won't miss you. any us go away and we're going to take a break when we come back much more coming your way. ah well move are they putting additional money available?

and that the additional money goes to the children's education and welfare household and then terminate cost savings. and if a country as a savings, it can improve itself and produce growth. i didn't say that, but they must us for this moment to be included in the household so that the household income will be higher and the countries income that will be higher with with the choice of the point, but also with affinity. daniels trulia with . 6 what it was just food, save it in and then you would get that is images,

but it goes up. was good for supposedly good. have my did some i would say with music in which is a mom with hope was out of the to get the vote. if i give you with all of your group plan a dumb way up, we'll have to fill it with the shelf worship with ah, welcome back to the kaiser report on macs, kaiser time now to turn to rodolfo, andreas. he is of the law. it comes the earliest bitcoin conference in latin

america, rodolfo. welcome. thank you. my. so are you doing? great, great to say you now love it. com for sending to el salvador i in 2 weeks. but before we get into that event, tell us about the history of law it comp when, why, where did it all start? actually is the longest running conference. the door is beacon conference, it's up with our team and it started to when we're an emergency. now everyone, we have these concerns notice was restrictions about getting money into our scene to the country or buying daughters. so when we did the 1st conference, it is on the 13 most of the people in the world were watching and aiming for. did you not a big place where the school girls, we had a huge inflation, re currency contrast to something that and we achieved to bring the biggest up speakers and a and c stand, we get being the most relevant conference in the region. a,

with an additional concept which is has to do with the experience itself. yes. which is beyond the content is also a mixing the culture of the place so, so it's a very good experience. us as an oven. it says and, but i always was very high quality because i knew being in our tougher think twice already. so thank you for that. as you point out, that in the region, argentina of course is an example of a country where they've had to. i've had several currency collapses and bailouts and it's an obvious place for big coin. but the country that really was the 1st mover to make big coin legal tender was el salvador. that's were the big comp, is this this year in el salvador. and you know, tell us why your, your thoughts are they, they're the 1st move. they're already reaping huge benefits for data. yes. actually wanting a deep listening is people going back to some other and doing businesses there? there are like very a open to do stuff that everyone goes on and meets the government and, and,

and banks and, and businesses. yes. and everybody's very open to do stuck with them. so i think is a very good excuse to take the opportunity of going these big weeks that he's being hosted and getting from the 15th to the 20th of november and, and be able to connect to do stop there and to leave the experience of talking with anyone in the streets and being able to the public is like wherever you go you can ask and i will, ernest is 100 percent beyond the fact that you have 4 points. i don't know medium people are already using the table. what you really get like a sensation of beacon east, the thing here just to talk about and to and to see how it goes. it's going to go to our retail store angela, and another drug story. isn't you good? eventually get paid for know, right, right. it's like a giant, but kind conference,

the entire country. and yeah, it says everyone's gone. bitcoin crazy in it. the impact is, is remarkable. now, it's interesting because president bush cali about salvador. he is gifted his country and confiscate a ball immutable, perfect money, given his people individual sovereignty. and yet there are those who are calling him a dictator at the same time, which seems mutually exclusive. either you give your population freedom or you're a dictator, you can't be both. how do you said to be true? this is one of the reasons i liked to guide you through i'm stacy's of to the end because because he's sponsoring only be the community just and and even though i think that will get, i think the studies think i know who can he's very aware of what they think talking yes and about what beacon rings to the people he knows about freedom. he knows

about empowerment of the people. yes. and, and from the people next to him, just i really said he, he is willing to go through this process. yes. and he, i think he believes in, in these later, too far for taking as a lot of sampler as yes he is really, you need to see the plans. he is. he is working on. i would be playing cds. it's it's, it's a full scope of ideas behind these monkeys. very. i mean, yes, he has these, these authorities, barry, am i to do? yes, i don't say it's not it, but he has like a full blank. no, it's not only because it's not only remittances it's, it's like a food concept moving forward so, so i think it's like sometimes when you look to see something, yes, you need to pick the features of things that you plan that we'd be getting the long

term no, no, no. okay, this government changes and then everything changes. he, he really is planning in a long time. we've been so doing stuff on investing in the seller. i think yes. could be like a good long term approach, right? i think back to america revolution, and when they declared independence from being the colony of england. and i think a book kelly as the george washington of the region rarely enough to go back to the american revolution. only a 3rd of the colonialists wanted freedom. another 3rd were ambivalent and another 3rd didn't wanna, didn't want to be free at all. so, you know, this is what happens. her freedom fighters are not always seen as a, in a positive light. people don't appreciate them until after the revolution. but

nevertheless, re surprised about our salvador as being the 1st country in the region to, to do this. why, why are they the 1st that actually it's not so hard to understand why and, and, and it would have been then columbia, but nobody like these countries because they don't have their own car currency. if i didn't enough, takes this move because we'll fight against their boss currency. it was the country needs to create that. yes. but in case others have only done, they have already. there are, there are courtesy being dollars. yes. which is not my best action anyway. but but so, so old, the only way of getting more money either getting an ed loans yes, from, from governments on sunday, the or making smarter things and, and creating more value yes from, from scratch. so i really do like the best time to take this issue. big government

fucking against their own currency. yes, this is not that they, it's very hard for a country where they already have a car. is that the means? yes. to stop having the power of bending and creating that from, from the meaning. i'm from taking a commitment so they can stay and they, that just means to pay them a lot. douglas, another situation. so i think it's one of the best countries to work on, on this concept. they're not fighting against their own parents, the fit folks who i got the cheever wallet with $30.00 at the pick point. they're already up approximately a 100 percent since that day. country also bought big coin for its reserves at the central bank, and that is now positive. he was young. if you he said, i think we are. and when you say, but cali on twitter trolling the i m f and a safely mocking them and sticking his finger up to them and saying hey i m f,

you know, go to hell. doesn't that give people the region some confidence that the days of being colonized by the i m f in america are over? you know, one of my approaches, one of that he said would like to discuss the conference. the conference is very like we're going to return to snow and topics bud in. one of the things i think is that day. oh the recipes? yes. are not working anymore or recipes. i had a move that's are out of banks. yes. and, and financial by organizations they are not creating the value to people as much as having beaten ether holdings. yes. is creating, if, if you give money to the country, then the country decides where it goes. if you can, people into the people. yes. then the money goes for the people, the money goes straight to the people for me because east is also one of the topics

for me with an east. them universal income concept in a good way. not enough bring money for giving people for not doing nothing. this you lead an effort to day? yes. and what value guns you will when, when the asset that you get yes, fall from difficult today gets more valuable then you will get distribution of income. and so, so i, these other things are looking good. yes. we know because most us and on but for only by nurse is hard to, to not agree with what is happening there. even though you can have your concerns about the president given legal talking about sort of all this a lot. i these barking be going for these situations. it does other 30 and i can be more happy about these company. i think this is needing, but he said so the secular, nice thing, the salary of the book, the opportunity of being m o having eventually the best currency in the

world for the future. there is, and there are so many people and el salvador without bank accounts is not because they don't want bank account just because the fee of starting a bank account is prohibitively expensive because the banks don't care about people . the banks are draconian, predatory monsters. but now it big coin, everyone can have their own bank, they can be their own bank, and they're happily getting their own bank more than half the country is that got that big coin wallet, and that's growing at an incredible rate every week. and this is the attitude in the country is completely changed to being one of relentlessly optimistic as a stacy likes to say. and that as a huge impact on the country as well, they're going to start mining bitcoin. they're going to be of $1000000000.00 worth of revenue from their volcano mines coming in, which helps this country as well. now are argentina and other countries that we're slow to, to move are they now going to be forced to jump in here and change?

are they going to be left behind? i see the government is going to say what they're the ones to say doesn't of us. they keep being in the dorm, eh, but i think the, the biggest concern for other countries east using that meaning. power of that. no . so, so i think this is, i got it's easy for, it's not easy just from this issue. yes. but it's easy for her toddler, for hours. i think know that this is, that example was you have the example center i'll, we follow, but not mainly in latin america, everywhere, anywhere into watch. even though you could have like more recency, latin america for dish or garbage, we have more inflation and inflation is useful for the country. i mean, they got the mean and the, because a create in that yes. with providers that leave money to pay them. so it's

changing, we need these, but we need this, not me, the government will do it. everybody in those countries were deceased in please do you meet the people to decide to go into this? you can't expect a garden to do it so. so i think that revolution revolution, the way they like it, which i mean in america, adoption in the way we expect, like, following day, day the leading off as a lot of good m r anywhere. all right, we've got about 10 seconds. where can people get 2nd still up at consol, salvador, w, w, w dot, dot com fair enough, rodolfo on drain us. thanks for being on the kaiser report. thank you. let's on was a visit. all right, that's going to do this dish on the kaiser a par with may max, kaiser's day sarah mcguire, i think, i guess rodolfo from olympic comp. until next i'm bio with

russian strategic patience with the west, particularly with nato. and the u. appears to have come to an end. the west is hell bent on lecturing. moscow negotiating and dialoguing. i'm a equals house had been part of the equation for a very long time. the west is making a serious strategic error. join me every thursday on the alex simon, sure. i'll be speaking to guess of the world politics sport business. i'm sure business. i'll see you. then when i see black marriage, i see part of myself, i was growing young black america spoke to me when white australia did not.

those who say black mush matter is a movement we are importing from america. no, nothing of who we are. i lived in a world where white lives mattered, and i was not wide like missing. and i wasn't known from black america. i learned how to speak back to whitefish aboriginal people here. i'm more every day. we're out wanted them now with the police. were out with 2 states, i'm scared that more children are going to grow up in the country that think says no racism, but they're more likely to end up in the criminal justice system. then they're all the fellow friends in daycare

with a bitter split is exposed at an e. u summit as leaders demand to poland obeys european rulings. but warsaw insists the pluralism is respected. moscow says it is not surprised by aggressive rhetoric from nato's states after germany calls for nuclear weapons to be deployed here. russia's borders a people's tribunal in london tries alleged us crimes in an act of support for wiki leaks, whistleblower gillian assange, who washington wants extradited from the u. k. besides editor in chief says allegations of a cia plot to kill assange prove his case has been politicized. the recent revelation shows with any adults through the political.