ah, i am max kaiser. hey, fix the money. fix the world, stacy? i, 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 fear world right now is meeting the leaders of the fi out 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 pairs climate agreements, all the sort of stuff. and nothing ever happens because of the incentive model built in to the theater system. so one of the solutions, of course, is we're going to electrify the world, right? we're going to move off carbon, we're deep 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 and at the top on each of these charts is how much production's going to have to increase to meet the targets that these masters of the universe have planned for us. and the 1st to 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, early em 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 child labor problem, huge manitoba and disaster environmental disasters locally there. so the solutions

aren't as pat an easy as you might think. looking at the headlines and the pronouncements coming right fixed the money fix 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, printing money was actually causing economic decline and bank failure. they had to come up with a narrative and that was the green narrative. the s g narrative, the cop annual gathering narrative. and as you're pointing out that you're just switching chairs on the titanic, you're just going from one particular way to destroy the global economy using the money to a different way to destroy the global economy using the money. the incentive, according to this scheme has to do with environmentalism versus growth. both the narratives are just fig, leaf, to cover the truth that those in charge are just seeking to print more money for themselves because this particular money fear money is controlled by

a few people who 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,

in it 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 d r c. now has and that is that 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 but 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 the provider of cobalt while their supplies last plenty. 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 metastasize 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 the 0 responsibility. and when you remove responsibility from action, you have essentially a 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 is launches, 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 is backed 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 us 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 a 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 fiasco conference. so the boss doesn't want them. they are the bosses 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 se in the operation. the that the consensus megan that governance model of bitcoin, right. and also with a fair model indeed propaganda. and the propaganda tells the people living in the united states that they are the indispensable nation that they have the moral high ground. this is propaganda to cover the fact that there bullying other nations to commit environmental genocide. right. well, i mean that, that, that is what it is. and the answer is not necessarily any better than what came before it. 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 of stranded energy, therefore, stranded wealth around the world. and well, i think that the way that

a good way to look at it is like we have stranded wealth. we don't need that like a redistribution of fi out dollars that can be printed from a central authority. in washington d. c. we need the, you know, that 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 you like how to game, the sd, our system or the free taxes, thumb or stimulus system, or all the sort of things. they just look at the incentive model of bitcoin volcanoes are being harnessed to power bitcoin mining and al salvatore and this new pilot project, the city of berlin, a 112 kilometers south of capital city san salvador has a geothermal plant that it 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 and mining of bitcoin. the rest of the energy is used for the countries grid. so, you know, nobody wants to live out nervous. hannah, you don't believe you don't build house, isn't industry out near a volcano in case that 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? it'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 can actually just take your big coin mining equipment, go to the hydro, the source of energy, wherever that may be, and converted into bitcoin. and you can then use the hardest money ever in the history of humanity, so that again is capturing stranded well and when you capture all the stranded, well, what happens is wealth gets as decentralized as the protocol, it's off of a coin and it changes the very nature of wealth, it gets rid of the money system. it gets rid of those who are ruling that the money system, what their proof of stake in the money system. and you have the peace, you have the ecological harmony. you have kind of reunion with our spiritual assault, which is lacking sense. the industrial revolution ripped it out of everybody's soul

. and we have a great mother and child reunion coming to put it as maybe paul simon would write about it. and all being enabled by big coin and it's happening and now so on the door, the savior as is known in english and the president is really realizing that this is a way to bypass the m f, whom he regularly mocks on twitter. i also want to point out, as we wrap up here, that as cop $26.00 the meeting what they're, they're proposing is basically, or 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 and the 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 el 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? so 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, in russia this class of car was discontinued more than 20 years ago. even lost a more than a sort of can you sell it to proposal that you're 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. skip sister will over certify. excellent. for all 3 of dealing with my food ocean from a small school. well, we'll shoot for the home with marshall ah, my group monitors the compliance a wall g 20 members with their commitments. they made up their all last summer. and what we have found is that a year later on may even the wrong side. countryside comply. unprecedentedly high level 80 my percent. then i'm optimistic that because that break shaw cold in is to

always, i think will got high compliance with the wrong commitments on cobra. to mm ah, welcome back to the kaiser report, i max kaiser time now to return to a conversation with ben iris. he's the owner of b and e dot e u business days from eastern europe, eurasia middle east africa ban. welcome back. all righty. let's 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 and the country is completely collapsed. this is a country many dependent on con exports and it was run by a car for the last 25 years. they had one president since independence, who used to be the us. and 5 years ago they brought in a new president and he's opened the country up. he's launched modernization effort . a liberalized currency. started exports, made friends with his neighbors, and have been lobbying and within the c, i s the force of the 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 cancer, the central government and every company was investing in new production, the guy, the completed the 1st round or the best thing. and 2nd projects already and diversification of the economy. because central asia 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 then 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 they're an export this things from the desert 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 are much of a tourist industry and was their favorite dish have they is becca danny's? well that's the other thing, this is the so growth, this is like, you know, alexander the great was there and the. ringback historic town, so sometimes he verbal her legendary places. the novelist asked them one night the raven night story that was written in kiva in those pakistan. and the 1st is fantastic. i mean, when you go, when i go back to europe, any apples or tomatoes in particular millions of water and here you have that the best produce you've ever had. and the classic, the favorite,

the national dish is the single cloth, which may be known as the allowance 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, 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 con fab in scotland. it seems that cold or 2 point hours, 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 any way we're looking at it is working on how much it's 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 2 degrees reduction, but the plans as far as i understand them in this is not widely reported. 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, the green deal and put these, these carbon duties on exports and the russians desperately who are heavily exposed to this because of all the raw 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 have 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 the 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 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, stan 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 big coin is the way out of us dollar gemini. all right. 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 did a 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 increase the amounts of trade with each other in their own national currency. i mean, it was 0 in 2008, and i think it's already in the one room trade addresses on is chinese, one to the, the home currency reserves. and they're trying to get rid of that 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 a dish or 2 rouble, which is not quite the same as a group. so currency, and they are a 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. i mean, they've embraced the whole electronic money, e revolution that's going on. and the russians are on the leading edge in a lot of e commerce in non cash transactions that we've got russian companies now sending e grocery stores in london with ultra fast delivery along with that comes with cash, this payments and trips occurrences. and it's not so far advance, but i think in many ways the e commerce in russian is further ahead than it is in europe. and so there's just waiting for the central bank to put in the groundwork. yeah, i hear that that during the covered like down actually russia fell in love with e commerce and delivery type services with the russians that were 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 its going like gangbusters. is that true? the e commerce is growing 5 times faster than the and 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 on line. 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 getting on this was the opposite of perfect storm and it was perfect

stimulus for the business which is just exploded. and it's growing by leaps and bounds, it's going to be half of all retail within the next 25 years. at the same time, you're having these, these big russian e commerce companies coming to market. and they've done a series $1000000000.00 civilians or ideas in new york because again, the technology is the new server. now how is the answer for a 150000000 people consuming markets based on? yeah, we're 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 their coin. and they're decentralizing it with apps or, you know what i visited russia. i noticed obviously they're still mired in the old ways that so heavily, bureaucrats beer beard, 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 days. but where are we on that cycle? i think it's a few months further, much more advanced than you. you would assume. i mean, yes, the, 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 i 5, a years ago. and now she's worth $1000000000.00, but it's also the institutions themselves and grace there. i think the best example is and spare bank, which is the state savings bank. it's retail giant. it has half deposits in russia, but the spare bank graph has been buying e commerce applications and they've been saying, 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 there and it does everything, it does books, it does. it does holidays,

the e commerce delivery. and what's going on a moment is 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 hotel, hire and share your car, and they're snacking up. 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 high, highly qualified people there, and they're leading into this setting up companies and getting bored. so all right, ben iris, thanks and last editor of the any that you thanks may i kaiser 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, been hours until next time by off noon

. ah. join me every post on the alex simon. sure. i'll be speaking together. the world politics, sport, business, i'm show business. i'll see you then the british and american governments have often been accused of destroying lives in their own interests. what you see in this, these techniques is to state devising methods, to essentially destroy personnel to that individual. by scientific means, this is how one doctors, theories were allegedly used in psychological warfare against the prisoners deemed a danger to the state. that was the foundation for the method of psychological interrogation, psychological torture, disseminated within the us intelligence community,

and worldwide among allies for the next 30 years. then down the victim say they still live with the consequences today. ah, we're empowering ourselves to be more efficient or quicker with our transactions. we can make mobile teens from ourselves. the truth is that every device is in potential entry. quite 1st security attack. i think you got but oh, i didn't manage that clear with everything but only eventually there's malware on thousands, maybe sometimes millions each day. they use the cyber. they use the technology as an extension of traditional crime. artificial intelligence has not many main threat . this is due to the 3 laws of robotics. one of the things that's happening at the

minute is cyber implants. right now, i'd be where is it really worried about it? most people would equally b, u. com for a chip in my brain. so there has been a lot of progress from the hacker side using ai and using other advanced technologies. there has been on the defensive side headlines, aeronautics aid, the french catholic church admits it, bears an institutional responsibility for decades of child. sex abused by clergyman and abuse, victim tells ot, justice needs to be. so now it is necessary for the pope himself to recognize the institution responsibility of the church to recognize all its crimes and only offences that has committed. 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 accusers the e u of putting lives at risk with.