good 2 years after gaining independence school with us. oh, i am max kaiser. hey. fix the money. fix the world, stacy? yes. because if we fixed the money, we wouldn't have many of the problems that we do in this fi out world, right. the world right now is meeting the leaders of the world are meeting. they continue to meet yet for another week, i guess at up in scotland at cop 26. and we're witnessing the failure of their

consensus model. that's what we've seen for the past 20 years as they have annual meetings. huge sort of con, fab's, g 8, g twenty's, cop, 26, paris climate agreements, all the sort of stuff. and nothing ever happens because of the incentive model built in to the system. so. a one of the solutions, of course, is we're going to electrify the world, right? we're going to move off carbon. we're d harmonizing the world. well, let's look at this. to accomplish the energy transition. there is going to have to be a huge surge and production of key energy transition materials. here is the chart and the red line at the top on each of these charts is how much productions going to have to increase to meet the targets that these masters of the fi out universe have planned for us. and the 1st 2 copper and nickel. but the

bottom 2 in particular, especially trouble some cobalt and lithium, as he said total parabolic there. so none of these batteries could be built without either cobalt or lithium cobalt. at least 50 percent up to 70 percent of all cobalt comes from the democratic republic of congo. it's war torn. there is a child labor problem, huge. hm. monitoring, disaster environmental disasters locally there. so the, the solutions aren't as pat and easy as you might think. looking at the headlines and the pronouncements coming or i fixed them, i fixed the world. so for years we were told that the way to stimulate the economy was to print money. and then when it became obvious that printing money was actually causing economic decline and bank failure of they had to come up with a narrative and that was the green narrative, the e s. g narrative, the cop annual gathering narrative. and as you're pointing out, or you're just switching chairs on the titanic,

you're just going from one particular way to destroy the global economy using fear money to a different way to destroy the global economy using fear money. the incentive, according to this scale, has to do with environmental ism versus growth. both the narratives are just fig leaves to cover the truth that those in charge are just seeking to print more money for themselves because this particular money via money is controlled by a few people whom and this is a direct quote from warren buffett. he said, yes, we print our own money and quote, right? and to me it's seems like an attempt to continue the status quo because they keep the money system in place. they keep the intellectual property, regimes, and place. they keep the flow of capital in place. and who is the boss most importantly, in place. so when you look at this situation with

a democratic republic of congo, from which most of the worlds cobalt comes to me, it strikes me as a new form of imperialism. whereby we used to have the east india company, or as it was known in the 1600 as the honorable east india company. we know for a fact it was just a tool of imperialism. it stole resources and it, you killed lots of people in the name of their maintaining their monopoly. well, the same thing here is that environmentally friendly sort of thing is think about this with a resource curse. the con, the, the r c now has, and that is that it, okay, they have all this cobalt, but who owns the intellectual property to all the batteries that you could do it? so they all they can do is sell the raw cobalt. they can't make their own batteries, they can't build their own economy. they can't have any plans with it because all the copyrights, all the patents, all the, all the intellectual property on cobalt,

turning it, converting it into a useful tool for the new green economy. they're going to build is owned by these huge multi nationals and is being struck, you know, into international trade deals at the life that they've cut 26. so you're like basically their future is destined to be just a provider of cobalt while they're supplies. last one, elizabeth slavery is alive and well by the green energy lobby. you mentioned east india company. it's also important historically because of the beginning of the limited liability corporation where companies could raise money in such a way where those who are investing in the activities had no liability. and that's something that's become metastasized over the centuries to the point where a you have trillions of dollars being raised by people who in this case are raping and pillaging. i think as a inappropriate term to describe what's happening in this country for financial

gain with 0 responsibility. and when you remove responsibility from action, you have essentially m a is a situation of lawlessness and a situation of extreme and violence, right? and thus, this is what was it being perpetrated here. so this latest initiative, the green initiative back by fear money as long as backed by fear money, it's backed by violence because via money is backed by violence as the near time to say the dollar is backed by violence, fear, money, back by violence. anything with its backed by fear, money is backed by violence, and this is just an extension of bad violence perpetrated by the most violent right in that violence kind of a ropes out of um, a fiance consensus. so whoever is the most powerful has the biggest proof of steak they get to set the rules in this theat system. so whatever the u. s,

once the u. s. will get from other nations doesn't have to apply to itself. so they can demand saudi arabia, push, pump more oil for our own domestic economy and then force other nations not tasks do the same with bitcoin. we have consensus reached every 10 minutes, not once a year or once every few years at various international conferences at which they get to exclude major stakeholders. for example, china, china is over 25 percent of the world's carbon emissions, and yet it's not attending this. why? because of, you know, economic competition between it and the boss at this fiance conference. so the boss doesn't want them there. the boss is like a, you know, the empire, the emperor is angry with china for out competing them on so many levels. and therefore they're not attending. so what sort of consensus is possible to be

reached without one of the major stakeholders being there because of the censorship, essentially the censorship of theater system, whereby one, the biggest stakeholder could be the boss. you don't get that. and bitcoin, if once a tow she one little old person, one, you know, poor person, anal salvador has as much power as you know, the likes of michael sailor who has tens of thousands of big coin. so they have the same, say in the operation the, the, the consensus megan the governance model of bit quite right. and also with a fair model indeed propaganda. and the propaganda tells the people living in the united states that they're the indispensable nation that they have the moral high ground. this is propaganda to cover the fact that they are bullying other nations to commit environmental genocide. right, well i mean that, that, that is what it is and that it,

the answer is not necessarily any better than what came before. and it's, it's, it's keeping in place the same power structure that has caused a lot of the environmental degradation and the, the world of, of chaos, the entropic world around us. so let's look at the incentive model of bitcoin a way that has caused. and most importantly, i think this, this model a stranded energy, therefore, stranded wealth around the world. and well, i think that's a way that a good way to look at it is like we have stranded wealth. we don't need that like a redistribution of theat dollars. that can be printed from a central authority and washington d. c. we need the, you know, the, the basically stranded energy stranded wealth captured around the world and enabled . and we see that with our salvador, one of the poorest nations in the world. and look what's happening to them in terms of they don't need to me to go decide like how to game the f

d r system or the free tax system or stimulus system, or all these sort of thing. they just look at the incentive model. bitcoin volcanoes are being harnessed to power between mining and al salvatore and this new pilot project, the city of berlin, 112 kilometers south of capital city, san salvador has a geothermal plant that was built in 1999. the plant is composed of 162-002-3000 deep shafts, from which steam circulates, and makes 3 turbines function. the energy generated by those turbines can reach up to a 107 megawatts, but only 5 are used for the operation of mining of bitcoin. the rest of the energy is used for the countries grid. so, you know, nobody wants to live out nor of ok. no, you don't. you don't build houses in an industry out near volcano, in case it blows. right? and so bitcoin is a great way to capture that energy and,

and have a i, m, f, world bank, free currency that you get to control and maintain your sovereignty as a nation. and don't get to be bossed around. right? that's stranded. well, you know, it's a good way to put it. so the big coin network allows for countries and communities to plug into their stranded wealth source. it could be geothermal, it could be hydro, that could be solar, it could be various other renewable sources. a 3rd of all the energy produced right now, it's completely wasted just in transmission of energy from point a to point b. and with bitcoin, you can take the big coin capturing mining equipment to the energy. so if you're out there, off the grid somewhere in africa, you actually just take your bic, why mining equipment, go to the hydro, the source of energy, wherever that may be, and converted into bitcoin. and you can then use as the hardest money ever in the history of humanity. so that again is capturing stranded wealth and when you capture all the stranded well,

what happens is whilst gets as decentralized as the protocol itself of big coin and changes the very nature of wealth. it gets rid of the fia money system. it gets rid of those who are ruling the fia money system with their proof of stake in the fear money system. and you have the piece, you have the ecological harmony. you have a kind of reunion with our spiritual solves which is lacking us since the industrial revolution ripped it out of everybody's soul. and we have a great mother and child reunion coming to put it as may be, paul simon would write about it. and this all being enabled by big coin and it's happening in the al salvatore, the savior as is known in english. and the president is realizing that this is a way to bypass the i m f, whom he regularly marks on twitter. i also wanna point out as we wrap up here that . 8 as a cop 26, this meeting, what they're they're proposing is basically for the developing world not to build out energy infrastructure not to develop and essentially not to use as much energy

as they did. so they call this an article in eco, geo political innovation. and importantly, here we have daniel alvarez, president of the rio lampa hydro electric elect executive commission. he says, we are not reducing the energy supply of our salvador. on the contrary, we are increasing it. and from the amount that we have increased, we have taken these $1.00 megawatts to start this 1st step with mining. so getting to increase their energy use and yet decrease their carbon footprint. right? it's a 51 percent on global energy. that is because we're going to take a break when we come back much more coming your way. ah

ah ah ah, in russia this class of car was discontinued more than 20 years ago. even lost a more than a little muddled. sort of can you sell it because of this dealing with just important factors. they took 5 years to close the gap on the world car industry from the drawing board to the 1st finished model to skip. so we'll go

over excellent tools. can you deal with my food notion from a small school? well, we'll shoot for the commercial, then you move, correct? the 1st one with commercial ah, welcome back to the kaiser report. i am at kaiser time now to return to our conversation with ben iris. he's the editor of b and e dot e u business days from eastern europe, your asia middle east africa ban. and welcome back. it's all righty. let's sir. talk about a part of the world that is not getting a lot of attention on mainstream media is becca, stan, you just returned from a week long trip there. tell us about what you saw on the ground in terms of their

booming economy. a change i went to 2025 years ago, shortly after independence in the country. it completely collapsed. this is a country many dependent on con exports. and it was run by a virtual dictator. i'm up for the last 25 is that had one president since independence, who used to be the us. and 5 years ago they brought in a new president and he's open the country up. he's launched modernization, a liberalized currency of exports, made friends with his neighbors, and have been lobbying in within the c i s the former soviet union and also to europe and to the arab nations, the south, which are so interesting. and it's booming. it's absolutely booming. all this, all these them, these liberalization, have worked, and every, i went to a number of big companies in several different times throughout the country. and

everywhere i went, the story was the same. like now we can and dollars. now we can, to expose ourselves. we don't have to go through trash can through the central government. and every company was investing in new production, the guy, the complete, the 1st round or the best thing. and 2nd projects already and diversification of the economy. because central age is known as a home to hydrocarbons and pakistan doesn't have that much is enough to feed itself. but it's big advantage is this large population, 35000000 people and it's a young population growing really fast. it's going to, i would say poland and germany in the next decade, sense of size. so you have this huge consumer market on top of everything else. and then i went to the factory in the middle of it, where they're now exporting to ukraine has expand, but they're also exporting the samsung made on the license. and i just opened the nigerian and the tanzanian market. where then i an export this things from the

factory in the middle of nowhere. so it's really incredible to see. and i mean china a lot around the central former soviet union. i haven't seen such a rapids turnarounds to rapid growth since the beginning of the nazis where there was a petrol fuel boom in russia. this is really astounding as our much of a to our center strain was their favorite dish of the is becca danny's. we'll assume that this is the so growth this is like, you know, alexander the great was there and the. ringback story town, so sometimes he verbal her legendary places. the novelist asked them one night the raven night story that was written in kiva in pakistan. and the 1st is fantastic. i mean, when you go, when i go back to europe and eat apples or tomatoes and particularly melons of

water. and here you have that the best produce you've ever had. and the classic, the favorite, the national dish is single cloth, which may be known as the lauer to people in the west. but it's, it's made from rice, yellow, carrots, mountain, and cotton oil. and i know that sounds strange, but it's absolutely delicious. all right. that's made up there next spring. sounds good. let's move back to global stuff here. the cop 26 meeting. neither china or russia are attending the climate change confab in scotland. it seems that cold or to point out was a failure of us leadership over global institutions. question mark, what are your thoughts? well, russia and china with just the presidents, went there, but there's a lot of negotiating going on because the problem with the, any way we're looking at it is working on how much is going to cost and it's going

to cost lots and people are reluctant to spend the money and consequently we're falling behind. i mean the paris accord school for to degree reduction, but the plans as far as our stand them and this is not widely reports. it, we're on cost for $5.00 to $6.00 degree increase with the pace is going. and it's also become a geopolitical jousting match between the 2 sites where you're just going to impose this green deal and put these, these carbon duties on exports and the russians desperately who are heavily exposed to this because of all the room materials they produce. and all the gas and coal, i'm trying to find a way around these duties in order to relieve them because it's going to really hurt the russian economy. if they have to pay these charges, it's going to cost them billions of dollars. right. it seems like climate change is

the new justification from our money printing. after decades of rationalizing money printing as a growth stimulus that never happened. so they had to change the narrative and as climate james, to justify more money printing, you know, a lot of countries around the world are cognizant of the role. the u. s. dollar plays it with us dollar gemini, and the empire of debt, as it's called, the u. s. dollar. it's really their soft power way of ruling the globe. some countries are opting out, like el salvador, just made bitcoin legal tender, and they openly mock the i m f on twitter. essentially. is any country like whose becca, stand russia, ah, you know, china, any, any country in the middle east? ah, that you follow? are they going to get smarten up? and i understand that, but quite as the way out of us dollar gemini. alright. i at you cover africa all ready in africa it's, it's, it's exploding and africa, nigeria, kenya, countries are becoming hyper bitcoin ised. where are we in the cycle,

in your backyard? what the countries that you cover? are they hip to the big coin phenomenon yet ben? yes, the misty dollarization is the big one already. i mean, russia. so down a lot of it's t bills. it has very little exposure and china and russia doing increasing amounts of trade with each other in their own national currencies. i mean, it was 0 in 2008, and i think it's already the one a chinese, one to the of the home currency reserves and they're trying to get rid of the dollar. i mean, they're even talking about launching and oil commodity exchange in st. petersburg, where you can buy and sell oil and rubles instead of dollars. but it's going slowly, although it is progressing as far as bitcoin. and again, i think in eastern europe, there being a lot more cautious. the russian central bank is going to launch its version of the dishes to rouble,

which is not quite the same as the currency. and they are bit nervous about it being on regulated because they are afraid of bubbles and people getting exposed to it. and then losing all their money in the, in the fluctuations. but, i mean, they've embraced the whole electronic money, the revolution that's going on. and the russians are on the leading edge in a lot of e commerce in non cash transactions that russian companies now setting up an e grocery stores in london with ultra fast delivery. and along with that comes with cash. this payments and groups of currencies. and it's not so far advance, but i think in many ways the e commerce in russian is further ahead than they is in europe. and so they're just waiting for the central bank to put in the groundwork. yeah, i hear that during the covered lock down, actually russia fell in love with e commerce and delivery type services that the russians are very used to paying in

cash in person and using credit cards and things like that. we're not so for them. and but the locked down, opened up this huge e commerce market, and it's going like gang busters, is that true? e commerce is growing 5 times faster than the, than the real economy. and you also have to realize that russians, they love gadgets. everybody's got a smartphone, everybody's on line. and again, i think the penetration again is higher than the many. i mean, there's more people in line in russia than there are in all of germany, which is the biggest, most populous country in europe. and because of the distances as well, i mean everybody needs dish, so you can run your business without being online. and so they've embraced it and when they couldn't go out to shop, everybody just turns multiple e commerce offerings that were already there. and they also, 1st delivery, the companies that already introduced that service before the pandemic is. so again,

it was like a, you know, this was the opposite of perfect storm. i mean, it was perfect stimulus to the business which is just exploded. and it's growing by leaps and bounds is going to be half of all retail within the next 25 years. at the same time, you know, having these, these big rush, an e commerce companies coming to market and they've done a series 1000000000 dollar civilians or ideas in new york because again, the technology center, this is the know house and you've got a 150000000 people consumer markets based on. yeah, where fat burman e commerce comes a certain, what's called a startup culture. and the 20 year olds, 30 year olds, around the world are taking the economy into their own hands, and they're decentralizing these economies with big coin and they're decentralizing it with apps. you know, when i visited russia, i noticed, obviously they're still mired in the old ways. that so heavily, bureaucrats beer, beer, beer, bureaucracy, obviously and but is that a spark for a green shoot?

let's call it of a new wave of entrepreneurialism that the country i would say, i would say desperately dave the by that, where are we on that cycle? i think it says you much further, much more advanced than you, you would assume. i mean, yes, the real economy is still bureaucratic and corrupt, but this embrace of online business. i mean, russia's richest woman is e commerce lady. she was a former teacher set up a business with her husband not long ago like 5 years ago, and now she's worth 1000000000 dollars. but it's also the institutions themselves and grace there. i think the best example is them spare bank, which is the state savings bank. it's retail giant. it has half deposits in russia . the bus, the spare bank graph has been buying e commerce applications. and they've lost in fact, and they go to the point where he no longer sees the bank as a bank to the point where they drop the word bank from their name. so it's just

known as spare. and it does everything. it does books, it does, it does holidays does. e commerce, it does delivery. and what's going on a moment, it's, you've got about 4 or 5 rival big tech groups that are trying to build a whole ecosystem to run your whole life and provide you with the services, money management, and pay your utilities. but deliver your food, your cell higher and share your car and their snapping of these things and these things are evolving very, very fast. i mean, the m and a is gone through the roof. so for young tech entrepreneurs and russia has a history of my high, highly qualified people there, and they are leaping into this setting up companies and getting bored. so all right, ben iris, thanks a lot us editor of be any that you thanks for being i kind of a report. very good. all right, i was going to do for this addition of kaiser report with may max kaiser and stacy

herbert want to thank i guess, ben iris until next time by off with ah, ah, the british and american governments have often been accused of destroying lives in their own interests, what you see in this, these techniques is the state devising methods to essentially destroy the personality of an individual by scientific means. this is how one doctor's theories were allegedly used in psychological warfare against prisoners deemed a danger to the state. that was the foundation for the method of psychological interrogation, psychological torture, the ca,

disseminated within the u. s. intelligence community and worldwide among allies for the next 30 years. then to the victim, say they still live with the consequences today. oh, why group ha monitors the compliance all g 20 members with their commitments? they made up their all last summer. and what we have found is that a year later on the even the wrong summer country shed complied and unprecedentedly high level 80 my percent. and i'm optimistic that because that great shock cold it is to always i think will get high compliance with the wrong commitments on cold. with

top headlines here were naughty. the french catholic church admits it. bez institutional responsibility for decades of child abuse by quoted you meant. and one abuse victim tells arte justice needs to be served. this is an unheard of level of violence because it is simply on bearable and impossible for a child to understand it. kiss me on one cheek and about to kiss bulio the cheek kiss me on the lips. this is sexual harassment. what is happening in the mediterranean is a real genocide that weighs on the conscience of european states and the european union. and italian may accused of the e u of putting lives at risk with its failure to stem the influx of migrants across the mediterranean. it's really hard to breathe. yes, this was real war.