inspired him to tweet hyper inflation is going to change everything. it's happening that triggered many people. yeah. did. because these words, inflation, deflation, dis, inflation shrink. lation are all kind of misunderstood and misused. now to be clear, hyperinflation is a political act. it's then whereas inflation is of more of a monetary fact. so, hyperinflation is when loss in the currency evaporates. so in venezuela or in y mar, germany, or in iran, confidence in that, that money disappears and it literally plunges. we're seeing it in turkey as well. the us, of course, having a world reserve currency you would think is a man to hyperinflation. but they have done such a poor job over at the central bank of the treasury department and in the white house itself over the past 20 years. that it looks highly probable that confidence

in the u. s. dollar is about to completely evaporate. so purchasing power for that currency is about to crash down towards 0. and there will be a blame game going on, that it wasn't their own actions of excessive money printing. it wasn't their own actions of turning your money. the u. s. dollar was a world to reserve currency. it was a settlement layer. it was the world's money, based on us treasury's base layer money. they turned it from money, which is always fungible. money is fungible. they made it a non fungible token by pulling around off the swift system. therefore, it was no longer fungible. that meant it was, it was inevitably over at this moment, was coming from that, that day that you decided to win the battle by losing the war. that happened, yellen says, i don't think we're about to lose control of inflation. this came just like 36

hours after jack dorsey had triggered a huge conversation about hyperinflation. so janet young, the treasury, secretary of the united states in charge of maintaining the value of the currency. she comes out and says that, you know, officially denied that right? they verbiage and rhetoric that came out of the treasury and central bank during the 1973 period in america. right before a massive inflation hit is almost verbatim what we're hearing today. the big difference being that the inflation of the seventy's was transitory genuinely transitory because america was being held hostage by the oil producing countries. but this is actually structural inflation. and in fact, hyperinflation. this is when confidence in the currency evaporates and there's no way to put the humpty dumpty back together again. once it falls off, the wall is cracked and you cannot reassemble at once you lose confidence, you know, took 240 years for the world to obtain confidence in the us currency. and it only

took really 18 months for to be lost. well, you definitely know that we're hitting hyperinflation when we replace our flowers with in oregon, me of us dollars, 100 dollar bills, right? we're going to start to having to replace these. yeah. first we'll have a cactus, you know, that's the way that you can mitigate your floral costs. and then you go into origami paper emission concoctions of meda paper money for flowers. not only did the treasury secretary yellow last week, and she said ok, we were not about to lose control of inflation. and at the other side of her mouth, she said, we're going to start taxing unrealized games for the 700 billionaires in america. so recognizing that inflation is happening, inflation is driving up stock price is inflation is driving up asset values, but there is no way to get it because it, by the way, the velocity of money is what we've identified long ago is you know,

you think elan mosque is going to spend any more in his day to day life today when he's worth almost 300000000000 versus when he was only were 3000000000. there's not going to be that much more. so how do you get that cash just sitting there and doing nothing right? well, they're going to start taxing all those gains. the stock prices soaring. and i wanna point to something that adam back who is quoted in the white paper, the bitcoin white paper. so he's a cipher punk and a coder and what he said about this plan to tax on realized games. the insanity of this is not fully appreciated. they create the inflation debasing your savings. and then if you somehow manage to cling on to some of the value by taking on investment risk, they then propose taxing you on the so called gain, they directly caused by devaluing the dollar. and it's, he goes on in a 2nd,

tweet is actually worse than a wealth tax. think about it. as the dollar hyper inflates, they can take more money even if the investment standing still in real terms. or even if your investment is actually losing money. but losing less than m to monetary expansion inflation rates. so, i guess this is what they're learning from weimar germany, looking back out what happened during weimar germany is those who bought assets in those who borrowed it by assets. the industrialists saw this hyperinflation coming . they, the industrials who ran the economy, started to lose faith in the value of the bike smart. and then they started borrow against it and by assets and they won. right? so the treasury is looking at this and saying, we're not going to let you escape are due to plan. right, right. it's a speculative attack that they're worried about. and this is exactly what michael

sailor micro strategy figured out. he can borrow at these incredibly low rates of bi bitcoin and he's already made billions of dollars unless an ear doing exactly that now is bringing in other ceo's other countries like el salvador, figure this out other countries to figure this out. i think that's the bigger story here is that janet gallon and j pal over the fed don't control the global economy. so america may opt out of having a viable currency by imposing this absurd tax. but it just means that the dollar is going to crash. it doesn't mean that big coin is going to crash. that goal, it's going to crash. that it's going to help it going. because confidence to the dollar when you have policies like this that could have been arranged by bernie made off. this is like having bernie made offer on your treasury. it's a ponzi scheme. and what the reaction is going to be a flight to bitcoin. so you know, bring it on. i'm happy, however likely what they would do, what they would determine your gains for the year on december 30. first. those same

700 people own the vast majority of the stock market. do you think the stock market is ever going to end on december 31st? in game, no, it's going to go down. they're going to make money off it. i writing those unrealized losses off of their taxes, and then things will resume back to normal january 1st. so that's, that's all that's going to happen and then they'll have to go after the job bag don't as the next 700000 people, right? they print money, it ends up in these assets and they say the way. but of course, if they're truly interested in stopping the madness, they would stop printing so much money. that that's the root of the problem. obviously, i think anyone with 3rd grade education would say that that's the root of the problem, but incentives a ponzi scheme. you can never stop the flow of the base layer that feeds the ponds, the pyramid. so this is an admission, in fact that this is nothing more than

a ponzi scheme and it just adds to the flight out of the dollar there. there's a literally like watching a country commit and see a side which is remarkable there. but i guess why more germany did the same thing. they actually just committed financial suicide. and of course the great britain did that with briggs it, they committed financial suicide. so there you haven't, but let's turn to the story of the hyperinflation on the and what you're seeing, an actual signals being sent by the people. obviously signals price signals are being destroyed at the federal reserve level, but with the individuals are doing with all this free money being sent to them is mass consumption. they're buying anything they can get even used. cars are going up and price. they're worth more sometimes than the new cars because you could at least sell them. there's a price being determined. they're sending all those that free money over to china, china's buying productive assets here, owning more and more of the world. by the way. now china wants to get back into bitcoin, minding now that they see that hold their depreciating value of that. but it's

causing a supply crunch and the entropy of the end of empire days. you see it as a result in this headline here. charlotte county utilities department calling for voluntary water conservation. so this is a county of a 188000 people in florida over near sarasota gulf coast. and it gets the vast majority of his water from the peace river. minnesota regional supply authority. they've got 2 treatment plants down and they can't get the parts they need in order to pump the water south. michael coast manages the district water supply and said capacity is down and demand is rising, demand is rising. everybody's got free money. they're all working from home, they want to drink more than one shower, more of that got pools. well, apparently the parts are and ships hanging off the long beach ports and they can't get the out water to be cleared for distribution to homes, right? great, great point because ok, they want to collect more money. the government does an sorta thing to do with the

money they. they're going to put it into infrastructure like cleaning water filters and charles people dont die from drinking arsenic, the lady guadalupe water or be they gave it to a speculator. so are speculating on assets. you have margin calls because or over and debt it, or they do with the money they're going to collect, they're going to over to the speculators. none of the money ever goes into infrastructure. none of the money collected by u. s. government ever goes into infrastructure. ok, that's not what american government does. like nancy pelosi and senate in congress and jap out the fed as central bankers. they trade of sr, information, credible, now documented. and they make 1000000 lots of money and there can tap to the american people makes marie antoinette. look like mother teresa. i we're going to take a break and when we come back much more coming your away. ah, ah, ah,

ah, is you'll media a reflection of reality in the world transformed what will make you feel safe? isolation, community? are you going the right way, or are you being that some with direct? what is true, was his way in the world corrupted. you need to descend. ah, so join us in the depths will remain in the shallows. ah, you have to understand that so much of this plato stuff is theatrical. it's purely

theatrical nature did not fight for georgia in 2008. it's under planned the there was not the slightest consideration of as a fighting to georgia and schools. it didn't fight the ukraine in 2014, and there is absolutely no intention anywhere in western europe to send a single dock, short danish or german or french soldier to fighting you, cried he died. i cried. but the whole time i was there, no one really thought anything different. you saw that i just didn't feel good. 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 better. it was, i wouldn't want my worst enemy to ever go through that. it was out of breath. ah, welcome back to the kaiser report i max kaiser time now to go to tyson slokum of public citizens energy program. tyson also serves on the c f t. c. energy committee . energy is big in the news as the u and climate change. summit opens tomorrow and an energy crisis in the form of storing oil and natural gas prices hits economies globally. tyson stock on, let's start with the u and climate change summit. com. 26. as

a somebody kicks off tomorrow. glasgow, should we expect anything more other than the same? well, i mean, i think it's great that the united states is back engaged with the rest of the world. as you know, the bike administration reverse course from trump and re entered the parish climate accord. and so the biden administration, with john kerry and others are going to be at the table, pushing the world to try and move these negotiations along. i don't think that that these meetings are going to result in anything earth shattering. but just the fact that the united states is re engage in and continues to prioritize action on climate at the regulatory legislative level. means i think that there's hope for the planet that we don't destroy yet that the world is at least engaged in trying to figure out a global solution to, to climate change. let me ask you this,

which came 1st, money printing out of control or the global climate change crisis. i think about the same time, i think they both were sort of bare with dr. revolution and the burning the fossil fuels to meet all of our energy needs. so i think it's an opportunity to maybe address both problems at once. what do you think, you know, the, the idea of this e s j, which is re branding of corporate social responsibility and climate space seems to be just cash to print a few more trillion dollars. and then my excess of money printing results and mal investment, including the 30 percent of all the energy producers wasted. because the companies who use energy are not incentivized to use it efficiently. so we're rewarding the worst amongst us that seems like comp $26.00 as a festival of mal investment. i don't know if i would characterize that way. i think that global climate change requires

a global solution. and so i think it actually is productive and important for world leaders to get together on a regular basis and figure out a way to comprehensively address the climate crisis. but yeah, i think individual nations commitments, i think are going to be a little underwhelming. i think this is just sort of the 1st step of many needed steps to get to where we need to go. 2 months ago, us president joe biden called on saudi arabia a pump more oil in order to lower prices for us consumers. and yet this weekend we're supposed to believe that by actually wants less oil. pompey here i'm saying here the seems to be better policy. yes, i agree that there's, there's some hypocrisy here, especially when he didn't address the domestic situation. the united states, oil and gas industry over the last several years as completely reoriented itself away from prioritizing investments for domestic consumption of fossil fuels. ready

and towards the international export of us produce. ready gas and oil, and so if you look at almost all major us oil and natural gas infrastructure investments, they're designed to prioritize ex, sporting those fossil fuels out of the united states. and so those rising levels of export, right, we're now exporting about 10000000000 cubic feet per day of natural gas exporting several 1000000 barrels of crude oil every day and plus millions more of refined products like gasoline. this is all having an upward pressure on domestic gas and oil. ready prices, which is hurting consumer. so if, if biting was going to be serious about addressing the price crisis and the, the climate crisis, he would be taking steps to limit more band us fossil fuel exports. right. well, you know, the price of oil is going up just like all commodities because there's so much

money printing. they're floating the system with so many dollars. you know, why don't they adjust the problem? i, i don't understand why. i don't get it, man, you know, these people are obviously frauds. they are just printing the line. they're on pockets, and they claim to be concerned about the climate. but they're not, they're clearly not. they're not. how can anyone believe them, tyson? well, there is a credibility problem with, with the federal reserve, as i'm sure you know, there's, there's a lot of scandals and there's a serious push to not extend the chairmanship for power. and so there's a lot of heat right now on the bed. but i think that we've got to put some sheep on limiting us fossil fuel exports. and by didn't, has that clear authority. i helped worked on the 2015 law and there's provisions in there. all biden has to do is say that there's a problem with the us oil exports and put a notice in the federal register. and we can take steps to start to limit for food

oil exports. and the same goes on on natural gas, all of b natural gas export authorizations. include what's known as clawback. clauses that allow the department of energy which authorizes elegy exports to plot back authorizations of those exports if ah, unexpected or severe changes occur like climate change or rising prices or physical shortages like we saw during the february winter storm. so all of these things are a clear indication that we've got to limit or stop our fossil fuel export food. you know, i know you do a lot of research in near crunching numbers there all day long. let me ask you a question here because i have no idea what the answer is. i'm. if you've done any work on this, but when i rent a car company, i believe it turns order is $100000.00 cars from tesla electric vehicles. is that

a net positive? i don't know, i have look at the details of this down. but the climate crisis is not going to be solved by swapping internal combustion engine blowing powered vehicles with the same number or more fully electric cars. it's not until we change modes of train of transit to get more mass trends and investments. are we going to see meaningful change on addressing climate from the transportation sector? so i'm not, as i mean electrification of individual automobiles and trucks plays an important role in d. carbon is ation, but it alone is not going to be the savior or the solution. we've got to reinvention transportation to have a lot more efficient mass transit. ok,

so lick documents before this comp event show, the saudi arabia, australia, japan have been lobbying the u. n. to play down the need to move rapidly away from fossil fuels. so what's not all about? while it's nice to know that you asked isn't billing number one in global climate talks, but what's going on here is that, you know, vested interest whether be the saudi national oil company or significant coal and natural gas and trust and australia are continuing to be relevant in the face of this change to a di, carbonized future and, and playing a very influential role in a number of key countries to try and slow down the commitments. but we have to remember at this point, the paris climate accord was in all voluntary set of commitments. that's why president obama negotiated it. never had to bring it up to the us senate for

ratification. the constitution requires all foreign treaties to be ratified by the united states senate and paris, paris clement. or was that the treaty because there was 0 binding commit. all you have to do is voluntarily and publicly commit to a, an emission reduction scheme. and then if you fail to do it, you're publicly shane by having other leaders wagged their fingers that there's no sanctions or other financial or regulatory penalties for non compliance. and so, so we do have to understand that right now, these international commitments are really just sort of, you know, they're, they're not binding. and so in order for us to have really affective international means to address the climate crisis, i think we've got to put

a lot more me on these international agreements. right. well, in the meantime, however, bitcoin is incentivizing stranded claim, jail thermal energy to be captured in one of the poorest countries in the world el salvador. and they're converting it into hard money. what lessons can we draw from this? well, i think that the, the bitcoin and crypto mining industry is sort of learning a lot from big tack companies like google, microsoft, that we're building energy intensive servers to power the internet. and they recognize that those servers were contributing to climate problems and committed to renewable energy and other sustainable energy resources to power those data centers . and i think the crypto mining industry is doing very similar things here, where they're recognizing that using all the servers does use some energy and

making commitments to power them in more sustainable ways. we're seeing it with talent energy, which is a nuclear power plant in pennsylvania. latching that nuclear power plant to crypto mining, like you said, utilizing all sorts of industrial processes that are capturing wasted heat to power these facilities. there's a whole host of things that crypto mining can easily do to reduce the climate impacts of its operations, right? but there's another part of this, they present the company who kelly is openly mocking the i m f on twitter and about the loans. and the colonial is ation that's been going on from people like the un and the i m f and the world bank. and all these huge groups that same obsessed with climate change, but they're replacing it with real money,

hard money. so it's all the u. s. gets off the money. the chances of solving the bit the climate crisis is 0. i would give it a big fat 0 because you can't fall, the crisis was, was fake, play money type. why? i don't know if i go that far, but there's no question that i can play a productive, important role in the financial system. and i, i don't necessarily view. ready ready of crypto mining as a problem for the climate like others. right, well, it's not a problem for the climate. it's, it's, it requires 110th of one percent of the global energy output to secure and hard money for a $1000000000.00 people potentially. so if your overall global energy usage would be cut, at least in half if their folk, i'm just saying if they were serious, they would adopt bitcoin mining as the go to model to cut global emissions, right? that would be the serious thing to do at this point because the data's in,

but they're not. anyway, we're going to say we're going to carry this over to part to thank you for being i caused the report. oh, it's great to be here back. thank you. all right, that's not due for this additional because report with may max kaiser and stacy or thing. i guess tyson slocum, until next time bio. ah a what he's got to do is identify the threats that we have. it's crazy confrontation, let it be an arms race. is often very dramatic development only i'm going to resist. i don't see how that strategy will be successful, very particular time time to sit down and talk

ah, if you want something done, right. do it yourself. the acronym d i y, i do it yourself, has now become the name for and use younger of online videos and you do to produce more. yeah. why? any sunday school the deal is no one you can have the wasn't working with any wardrobe jack. so the deal, if people use scrap materials and whatevers at hand to rig up all kinds of stuff from household items to pump action, squid guns, furniture, company for my furniture longest, there must be a fellow much more pool with the best part is people want to watch, millions of viewers spend hours seeing how a person they've never met and who's half way round the world assembles of contraption. no one else needs to be taught trickery. arrange to filter in which could just multiply fee when you mine. yeah. city use like user energy. we're

looking at the clock loop for future pushing, which, cuz we still couldn't ah ah russia, this class of car was discontinued more than 20 years ago. even though stayed with us. the model will sort of in the so if lou proposal does show dealing

with just important factors, it took 5 years to close the gap on the world car industry from the drawing board to the 1st finished model scripture. so we'll go over, show the totals. can you deal with the one who know washington law school? well, will shoot for shift of commercial, then you can get the 1st one with a nurse or a quote most go time in our headlines led him a potent and then just lost our calling for mutual recognition of coven vaccines as not all countries of a central medicine for fighting the plan that make the russian president making that statement. this is g 20 summit. we brought it you as it happened. elsewhere, doctor's in france, will budget cut, sir, leading to staff shortages and a lack of hospital beds. coming with top scientists claiming the country's health

care system is on the brink of collapse, no less as cove it takes hold. once again, that fee, that goes it's the government is to blame. the shortage of medical personnel fronts is the only company in the world to speak cutting funding during the pandemic medical staff outraged by this ready to quit over in the morning to feel a rubber.