whole french catholic church admits it, bears institutional responsibility for decades of child sex, abuse by its clergyman and abusive victim tells arty. justice must be served now as is necessary for the pope himself to recognize the institution responsibility of the church to recognize all its crimes and all your fantasies. i has committed a setback for joe biden. the u. s. court of appeals rules in favor of the states that filled law filed lawsuits against the governments vaccine mandate for large private firm. what is happening in the mediterranean is a real genocide that weighs on the conscience of european states and the european union. and an italian mayor accuses the e. u of putting lives at risk with its failure to stem, the influx of migrants and refugees across the mediterranean. those your world news

headlines for this. our stay tuned for more in just about 60 minutes. ah, i am max kaiser. hey. fixed the money. 6 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 fear world right now is meeting the leaders of the future world are meeting. they continue to meet yet for another week, i guess at a 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 sorta con fab's, g, h, g, twenty's, cop, 26, paris climate agreements,

all the sort of stuff and nothing ever happens because of the incentive model built into 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 at the top on each of these charts is how much production's going have to increase to meet the targets that these masters of the fia universe have planned for us. and the 1st to copper and nickel. but the bottom 2 in particular, especially troublesome cobalt and lithium as you see 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 cop 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 that 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 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. 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 like for these cop 20 sec. 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 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 an inappropriate term to describe what's happening in this country of, for financial gain with the 0 responsibility. and when you remove responsibility from action, you have a sense lay m a, 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 fiancee 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. forget 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 in 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, the, the consensus meghan, the 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 that it, 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 a 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 theat 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 tax system, or stimulus system, or all these sort of things. they just look at the incentive model of bitcoin volcanoes are being harnessed to power bitcoin mining. and now,

salvador 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 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?

that's stranded. well, you know, is a good way to put it. so the big coin network allows for countries and communities to plug into their stranded wealth source. that could be g o thermal. it could be hydro, that could be solar, it could be various other renewable sources. a 3rd of all the energy produced by now 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, the source of energy, wherever that may be, and converted into bitcoin, then you can then use as the hardest money ever in the history of humanity, so that again is capturing stranded well then when you capture all this stranded well, what happens is wealth gets as decentralized as the protocol itself, a big coin and it changes the very nature of wealth. it gets rid of the money system, it gets rid of those who are ruling 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 self, 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 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 marks on twitter. i also want to point out as we wrap up here, that as cop $26.00 is meeting what they're, they're proposing is basically, or the developing world not to build our 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 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 bubble energy. that is bickley. we're going to take a break when we come back much more coming your way with ah, why group all monitors the compliance a wall 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 rome so countryside comply that an unprecedentedly

high level, 85 percent. then i'm optimistic because that bridge shaw cold. it is to always, i think will get high compliance with the wrong commitments on cobit to ah ah, welcome back to the kaiser report. i'm as kaiser time now to return to a conversation with ben iris. he's the editor of b and e dot e u. business days from eastern europe, eurasia middle east africa ban. welcome back. it's been 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. so changed. i went there 2025 years ago. so the after independence in the country is completely collapsed. this is an agriculture country, many dependent on cotton exports. and it was run by a very dictate 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. he opened the country up last month, migration after a liberalize the currency side of the exports made friends with his neighbors and had been lobbying and within the soviet union and also to europe and to the arab nations. the south issue so interesting and it's booming is absolutely booming. all this, all these, 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 cancer, the central government. and every company was investing in new production that completed the 1st round or the investing and projects already and the cation of the economy. it's essentially just 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 overtake poland and germany in the next decade. sense of size. so you have this huge consumer market on everything else. and there may i went to a factory in the middle of the kids who visits where they're now exporting to

ukraine has 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 explore 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 what they are favorite dish of the 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 at the. ringback historic towns the summer cons, he verbal, her legends replaces 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 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 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. 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. conrad and 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, the 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 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 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 release 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 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 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 bit 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 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 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 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 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 currency. and they are bit nervous about it 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 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 it is in europe. and so there's 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 in cash in person and using credit cards and things like that. we're not troll 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 real economy. and, and you'll 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 more people in line in russia than there are in germany, which is the biggest, most populous country in europe. and because of the distances as well. i mean, everybody needs to run your business without being on line. and so they've embraced it and when they couldn't go out to shop everybody, just sense of the multiple e commerce offerings that were already there and the delivery,

the companies that already introduced that service before and they make it. so again, it was like a, you know, this is what's the opposite of storm. i mean, it was 60 minutes to the business which is just exploded and it's growing by leaps and bounds. behalf of all reach out within the next 25 years at the same time, you know, having these, these big russian e commerce companies coming to market. and they've done a series 1000000000 dollar 2000000000 dollars in new york. because again, the technology the know how is that and that 150000000 people consume a market based on? yeah, with berman e commerce come with a certain what's called a startup culture. 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. or, you know, when i visited russia,

i noticed obviously they're still mired in the old ways. heavily bureaucrats beer bure bure bureaucracy obviously and but is that a spark for a green shoot? let's called of a of a new wave of entrepreneurialism that the country i would say, i would say desperately needs to buy that. where are we on that cycle? i think it's a few months further, much more advanced than 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 a husband not long ago like 5 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 them 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 been saying, and they go to the point where he no longer sees the bank as a bank to the point where they dropped the wood 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 in 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 the 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're leading into this setting up companies and getting bored. so all right, ben iris, thanks a lot us editor of be 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, ben iris until next time by off with ah, so what we've got to do is identify the threats that we have. it's crazy, even foundation, let it be an arms race is often very dramatic. that development only personally, i'm going to resist. i don't see how that strategy will be successfully, very critical of time to sit down and talk with

a with who don't welcome 12 people class prosperity is were chosen as the guiding priorities of b g. 20 summit in road. one of the 1st person gathering for global leaders condemning

trucks, while the b p slogan is great, the bumper sticker is it realistic in terms of social, at the konami policy general, prioritize the health of the planet while also delivering people into prosperity? well, to discuss it now joined by john chris or political science at the university of toronto and director of the g 20 research group. those are kristen, it's luke, to talk to you. thank you very much for taking the time to meet with you. ok center . so i know that on the eve of the 20, some in houston wide optimistic about its prospect. and if i understood your rationale correctly, you essentially argued that the severity of the challenges that the g 20 leaders have to deal with doesn't lead them my choice. other than to all of this leads them to get down to work regardless of their differences. and i had difficulty.