trigger financial meltdown, orange bank of england deputy. this was somebody named sir con list. yes. so he's complaining that. oh, you know, just like sub prime bitcoin 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. but all the major financial scandals went through the city of london went through the bank of england . even the bank of england was implicated in the freshest markets rigging, scheme, and the library 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 of the epicenter financial fraud. and since 1694,

they've been using money printing to in slave people. and now their day as com. 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 queen 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 they're, it's a revolving door. they all their friends, their mates, they don't want to put their me in jail. nobody wants to do that. whereas bitcoin 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 quieter, if you have once a toshi, your regulator bitcoin, right? where all of the consensus algorithm is regulation by consensus. so that's already built into that. it's all. so let's look at some of the headlines. you know,

macs mentions, you know, all the scandals that of the past. bernie made offs. fraud went through their a i g scandal. their 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 to 5 was a type of loophole and accounting for repurchase. i 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 20072008 financial crisis in this re purchase agreement since updated to close the loophole, a company could classify a short term loan as

a sale and subsequently used the cash proceeds from the sale to reduce its liabilities. so in london, you are allowed to have infinite infinite repo one o 5 essentially imput infinite rehab pacification via repo one o 5. 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 reba want 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 then post breaks it has 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 and the city of london are involved with luck. bitcoin was created and invented specifically to kill central banks is so so in the genesis block, they make a ref to the bank of england when the bank of england starts squirming and i start

whining that, oh my god, big coin is an existential threat to our existence, everyone who yearns for freedom in the world to day should let out a collective hurrah. because we're finally getting rid of the worst actor on 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. a here's a, here's a image of the queen. she's on the 20 pound note here. welcome to britain, the bank scam capital of the world. says reuters says reuters writers it's not as allegedly reuters is saying allegedly that welcome to britain the

allegedly, the bank scam capital of the world, allegedly right. they go in to how a most of the financial scull dugger around the world 1st appears in england. you know, and then it kind of migrates to other territories and other countries. there are the greatest innovator in the world of 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, oh, thanks, zach link allegedly a finite. right. so, you know, according to this data, so you mentioned that there, that there, you know, they, they lead the world. and innovation and fraud, allegedly alleged, according to the lit is so warriors, alleges, have to say, right?

and then the thing is they, they mentioned that there was a record of 754000000 pounds or $1000000000.00 stolen 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 bank stores on plague island, are free to engage in toxic banking tricks on at 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 are alleging this,

this is from islets bigger 11. 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 a ongoing relationship with but with them by that they don't contact you with an email saying hi, i'm a prince. can you send me, you know, a $100000.00? they have a long sanding relationship that they then say, okay,

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 get to 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 cards. gams, all the way up to major derivatives, trading insider trading market manipulations for ex manipulation, live bar manipulation, all what the bank of england thumb prints all over it all the time. 247 eventually . well, yeah, i mean, it was 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 got to rigged even for the americans. so in a cases where you don't need to say allegedly with,

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 bitcoin 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. we could 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's to 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 wallets 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 tans 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 bit coin. and that saving an enormous amount of money, millions of dollars for the country in one year, at 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,

that 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 tell, stealing and people's one. you know, that scares the be jesus out of the bank, irregular when they 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 in site to being finished 300 years in existence good bye. we won't miss you any us. 1 go away and we're going to take a break when we come back much more coming your way. ah, it's been decades since the fall of spain's fascist regime, but old wound still hasn't healed. you're going to come with because on the phone with michel, freedom ok. people and we said, oh said cutting me on the bus at the switch me note with thousands of new on

babies were torn from their mothers and given away and forced adoption. they don't really bottom on are you just yet fiesta that are my own role is i feel like i'm in this to this day. mothers still search for grown children while adults look in hope for their birth parents. i look forward to talking to you all that technology should work for people. a robot must obey the orders given it by human beings, except where such order that conflict with the 1st law show your identification. we should be very careful about artificial intelligence at the point, obviously is to place trust rather than fear like will take on various job with artificial intelligence. real, somebody with a robot must protect its own existence with

a ah, welcome back to the kaiser report on macs, kaiser time now to turn to rodolfo on janice. he is of the law. it. com, the earliest bitcoin conference in latin america. rodolfo. welcome. thank you. my, so are you doing great, great to see 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 lump 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, not just with dish 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 stuff like 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 addition i concept which is has to do with the experience itself. yes. which is beyond the com . that is also a mixing the culture of the place so, so it's a very good experience. us as an i've been, it says and, but i always was very high quality because i knew being in our targeting 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 mover. they're already reaping huge benefits for data. yes, actually one thing i keep listening is people going back to some other and doing businesses out there. there are like very a open to do stuff. everyone goes on and meets the government and, and, and banks and, and businesses. yes. and everyone is very open to do stuff with them. so i think is a very good excuse to take the opportunity of going these meet 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 is and 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 at to the end because because he's sponsoring old the be the community. just and, and even though i think that will get, i think just other think i know you can is 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 these later, too far for taking as a larger sampler as yes he is really,

you need to see that blanche's he is working on i would be playing cds if 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 blan. nice look. only because he's not only remittances it's, it's like a foods concept moving forward so. so i think it's like sometimes when you think decisions, yes, you need to position of things that you plan that we'd be getting to 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 up, 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 want, it didn't want to be free at all. so, you know, this is what happens, a 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, both of them. and they like these countries because they don't have their own car currency. if i didn't enough takes this move because would fight against their boss

currency. it was the country needs to create that. yes. but in the case of this have only done they have already there. 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 is either getting an eta loans yes. from, from governments on something 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 powers. 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. not what's 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 coin. 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 be seen, 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 retire snow and topics,

but i am one of the things i, i think is that day. oh recipes. yes. are not working anymore or recipes dead. a movie that's are out of banks. yes. and financial by organizations. they are not creating the value to people as much as having become inner holdings. yes. is creating if, if you give money to the country, then the country decides where it goes. if you can be friends with the people, yes. then the money goes to the people, the money goes straight to the people for me because east is also one of the topic for me with an east them universal income concept in a good way. nothing. i bring the money for giving people for not doing nothing this you need an effort to day. yes. and what value gums you will when, when the asset that you get yes,

fall from difficult today gets more valuable then you will get distribution i think . and so, so i, these other things are looking good. yes, we know be, think most us and on, but for all the be 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, hello. i'd these barking be going for beast situations. he does other 30 and i can be more happy about these happening. i think this is needing, but he said, so the secular thing, the salary of the book, no part unity of being m. o. hadn't even put the best currency to work it 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 liver, ms gun to say what? they're the ones to decide as long as they keep being in the dorm, eh, but i think that 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 deficient. yes, but it's easy for her toddler, for others. i think know that this is that the example was you have the example. sailor al, we follow, but not mainly in latin america, everywhere, anywhere in the works. even though you could have like more recency, latin america for digital car, because we have more inflation. that depletion is useful for the country mean date again 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 dantes were deceased in please do you need people to decide to go into this. you can't expect a garment 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 tickets 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 lets me sufficient. all right, that's going to do for this dish on the kaiser, a par with may max. kaiser's day sarah, but guar, i think, i guess rodolfo from a lump it comp until next on bio. ah, ah, [000:00:00;00]

a di i cried just but the whole time i was there. no one really thought anything different. you just all thought i just didn't feel good. on the way for the surgery, his lungs failed. 30 seconds for the killed him. i had gotten stuck with so many needles that day in 2019 don't to started talking about a new wide spread disease that caused severe lung damage. there's a few points that were really to turn in. all of the patients were diagnosed with a lung injury associated with using electronic cigarettes or facing products. he pulled this out. he really felt holy crap, he's gonna die. oh no,

he's the better it was. i wouldn't want my worst enemy to ever go through that. it was out of breath with that wound or they putting additional money today out all the additional money goes to. so the children's education and welfare off the household. and then thirdly, it goes to savings. and if a country as a savings, it can improve itself and produce growth. i think that those 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 ah,

3 rather before us to point, but also within the daniels purely with the basilica, thought the other mother like melissa with was just food, say that him and then you would you that is images, it goes up was good for supposedly gonna have my did some i would say again to spend your music in which is spreads. so we come up with hope was out of the to get the vote for idea with all of your rooms there. some way up, all of the fellow with the, to the shelf,

little push up with with, with russian gas exported gas. prom warns it'll stop supplying moldova if you're eastern european nation fails to pay off its debts now totaling some $700000000.00. the turkish president, orders ambassadors from 10 western allies to be declared persona non grata over a joint statement, demanding the release of a turkish businessman, jailed, awaiting trial on anti government charges. public mood swings to the right of france ahead of the presidential election. and there's no shortage of candidates to meet the populace agenda. and america's top medical research agency admits funding studies on transmitting bat corona viruses to humans in china's will have something

previously and repeatedly denied under oath by the white house is a virus chief,