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 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 annisa these charts is how much production's going have to increase to meet the targets that these masters of the fi out universe have planned for us. and the 1st to copper and nickel. but the bottom 2 in particular, especially troublesome 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 cult decline, and bank failure of they had to come up with a new 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 fia money to a different way to destroy the global economy using fear money. the incentive,

according to this scale, has to do with environmentalism versus growth of both the narratives are just fake leafs 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 fee out 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. but 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, 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 cop 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 an inappropriate term to describe what's happening in this country for financial game with the 0 responsibility. and when you remove responsibility from action, you have a sense lay. i a s,

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 launched back 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 back 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 fi out system. so whatever the us, 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 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 fiano 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, am bitcoin if once a tow she one little old person one, you know, poor person. and now 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, the, the consensus meghan, 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 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 is what it is, and the, 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 world of, of chaos and tropic world around us. so let's look at the incentive model, a big point and what that has caused. and most importantly, i think this, this model is stranded energy, therefore, stranded wealth around the world. and well, i think that's a way to a good way to look at it is like we have stranded well, we don't need like a redistribution of dollars that can be printed from a central authority in washington d. c. we need that. you know, 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 things. they just look at the incentive model. bitcoin

volcanoes are being harnessed to power bitcoin mining and al salvatore and this new pilot project, the city of berlin, 112 kilometers south of a 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 nerve ok. now you don't, you don't build houses and industry out near a volcano in case it flows. right? and so a 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 this stranded wealth, you know, as a good way to put it. so the big coin network allows for countries and communities to plug into their stranded while source. it could be geothermal, it could be hydro, it 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 grid somewhere in africa, you can actually just take your big coin mining equipment, go to the hydro 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 wealth gets as decentralized as the protocol itself, a 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 to have the ecological harmony. you have a kind of a reunion with our spiritual solves which is lacking us since the industrial revolution ripped it out of everybody 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 now, salvador, the savior as is known in english and the president of ruin realizing that this is a way to bypass the i m f, whom he regularly marks on twitter. i also want to 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 an 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 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, o, y roof monitors the compliance of all g 20 members with their commitments. they made up their all last summer. and what we have found is

a year later on the, even the wrong countries comply. unprecedentedly high level 85 percent. then i'm optimistic that because that break shaw cold, it is still with i think will get high compliance with the wrong commitments on cobra to mm. hm, we're empowering ourselves to be more efficient or quicker with our transactions. we can make mobile payments from ourselves. the truth is that every device is a potential entry point for security attack. i think a lot of them, i mean,

but always eventually there's malware of thousands, maybe sometimes millions each day. they use the cyber, they use the think apology as an extension of traditional artificial intelligence has not many main threat. this is due to the 3 laws of robotics. one of the things that's happening in the mini cyber implants right now, i'd be where you're really worried about it. most people would equally be you can't put 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 ah, welcome back to the kaiser report, i max kaiser time now to return to our conversation with ben. iris is the editor 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. yes, so changed. i went there 2025 years ago. so the after independence in the country is completely collapsed. this is a country many dependent on cotton exports. and it was run by of us with the name of the last 25 years. they had one president since independence used to be the soviet us. and 5 years ago they brought in a new president and he opened the country up last month, migration after a liberalized currency started exports, made friends with his neighbors and had been lobbying in within the soviet union

and also to europe and to the arab nations. the south show so interesting and it's booming is absolutely booming. all this, all these them, these liberalization works. and every i went to a number of big companies in several different towns throughout the country. and everywhere i went the story with the same. like now we can and dollars. now we can to export ourselves. we don't have to go through cash can, through the central government. and every company was investing in new production, either completed the 1st round or the investing projects, or any and diversification of the economy. because central asia is known as the home to hydrocarbons and pakistan doesn't have much enough to feed itself. but it's big advantage of this large population. 35000000 people and it's a young population growing really fast. it's going to overtake poland and germany in the next decade. sense of size. so you have this huge consumer market and

everything else. and there may i went to a factory in the middle of the case where then now exporting to ukraine, kind of expand. but they're also exporting to the samsung made under the license. and they just opened the nigerian and the engineering market. where then an export distinct from the desert factory in the middle of nowhere. so it's really incredible to see. and i mean 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 tourist industry and was their favorite dish of the is becca danny's. well this is the 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

nights the raven nights 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 and eat apples or tomatoes in particular millions of water and here you have like 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 peel out 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? 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 the, 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 degree reduction, but the plans as far as i understand them, and this is not widely reports, it won't 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 real 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 decade rationalizing money print thing as a growth stimulus. that never happened. so they had to change the narrative, and that was climate change to justify more money per thing. you know, a lot of countries around the world are cognizant of the role the us 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 may big coin legal tender, and they openly mock the i m f on twitter. offensively. it's any country like it was becca, stan, russia, china, any,

any country in the middle east that you follow? are they going to get, smarten up and understand that big point is the way out of us dollar gemini. alright. you cover africa already in africa? it's exploding and africa nigeria, kenya, countries are becoming hyper big when i've, where are we in the cycle in your backyard? what the countries that you cover, are they hit did a big coin phenomenon yet ben? yeah, if the dollarization is a 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 amount of trade with each other in their own national currencies. i mean, it was 0 in 2008, and i think it's already in 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 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 being 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, 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 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 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 with the russians that were very used to paying cash in person and using credit cards and things like that. we're not roll for them. and but the lockdown opened up this huge e commerce market and its going like gang busters, is that true? 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 online. and again, i think the penetration again is higher than the many. i mean there's, 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't run your business without being online. and so they've embraced it and when they couldn't go out to shop, everybody just turns to the most bull 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. ready 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 sister, the know how is the and super 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 big coin and they're decentralizing it with apps. and you know, when 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 needs to buy that. where are we and that cycle? i think it's actually much 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 is ago. and now she's worth $1000000000.00, and that is also the institutions themselves and grace day. 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 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 then, 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 or higher and share your car and the snapping of these things and these things are evolving very, very fast. i mean, the m and a is gone through the root. 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 i've been iris. thanks i last editor of be any that you thanks being i kind of report very good. all right, i was going to do for this edition of kaiser report with may max kaiser and stacy herbert want to thank i guess, spent hours until next time by noon . ah, join me every thursday on the alex salmon show. and i will be speaking to guess in the world of politics, sport, business. i'm sure business. i'll see you then. ah,

it's been 30 years as the soviet union collapsed. mom misconduct got a chill on to what the problem yet no clue, no talk so. so show me where you all swore trust on want all of them. ukraine was one of the independent states that emerged from the ruins of a superpower. i'm doing awesome. when will you also get on google greens? come a little more surely confusing. some of the i can last new lease in west indiana better one more law. totally different or else? well as a, as a resource, hopefully you're the business is are service. but it is the bill for a for apple watch the past 3 decades. when like for

ukraine, eye witnesses recall the events, there should be more or less so due to she was in a deficiency of traverse little here. what i knew to know if that order, i'm not sure but about 4 months with modern windows and what other forces were at play, the producer whom you show in shin mushy, in those in you are in the clear water. i'm a current when you did the shows us the most of the versions old. nice. take a look at ukraine. 30 years out, the gaining independence. if you're going to be here for you to promise. not unless you mean yeah, i get it live, but it will ethridge if you could. you show it. okay. i'm not sure. hold on hold for a

french catholic church. admit bez institutional responsibility for decades of child sex abuse by clergyman and abuse. victim tells r t just this needs to be served. now it is necessary for the pope himself to recognize the institutional responsibility of the church. you want to recognize all its crimes and all your fantasies. i has committed. what is happening in the mediterranean is a real genocide that weighs on the conscience of european states and the european union, an italian american to see you putting lives epis, failure to stem, the influx of migrants across the mediterranean. and also to come for you this out it's really hard to breathe. i guess this was real war might look like.