well, there's also, there was never across effects of stone scores, economic hardship, how rich on the social side are those base benefits? it's all because they actually work with with the crisis. so the best way to deal with the kind of the tri cities is no more medical measures. and these were probably great ration. but one of the big problems with the governments u. k is certainly richie's, that the issue is the old server. it saves what everything is shocked out, and this isn't just the national level. it's that local level receive. the government saw some free states and soft giving me that the he's the trainer. we can have a very, very, and decide what is the best to actually spectrum, a locked,

not locked down. so i've gotten some staples faxing, so i don't do it's the president. i'm sorry, sorry to jump in and we are running out of time gentlemen. have to leave it there for today, but thanks for coming on today. don't have mccarthy calling with the new kind of shawnee boil independent journalist and anthony web, political commentator. thank you for your time today. are here for a while. that's the headlines for this. i'll join us again in 30 minutes for the latest level news headline. me i ah

hello. hey, this is max kaiser. you know the hottest telegram group right now is t dot m e forward slash kaiser spanish. they are rushing it. oh, stacy? yes, they are crushing it. so go over to telegram tita m. e for slash kaiser. spanish. it is a hot caliente place to be. it's caliente. all right, i can tell you that for sure. you know, speaking a caliente, we are heading to el salvador. so the next episode a kaiser report will come to you from el salvador. but i'm, i also have a girl photograph. oh yes, yes. so we're going to go there to look at hyper bitcoin ization, right? in the eyes we're gonna have dramatics tear it down, hyperbolic quantization. and the time of hyperinflation, 20 of those 2 things seem to be going together, right? we're going to stare it down. but in the meantime, i'm going to show you some e can on my lessons hard economic lessons right in the headlines as we were

preparing to leave. and 1st is, you know, this did the rounds of the big coin community and that's from canada. bitcoin is not a digital currency, people don't spend it, said bank of canada governor. he said this as if it were a bad thing, not as if it were a bad thing about him, but about other people and about big coin. so i think it was a statement that was very profound telling the world, admitting to the world that he, himself, and other central bankers are the ones that are causing this. i. e. gresham, law. i'm going to show you what gretchen's law is in economics. gresham law is a monetary principle, stating that bad money drives out good. for example, if there are 2 forms of commodity money in circulation, which are accepted by laws having similar face value, the more valuable commodity will gradually disappear from circulation. in this case,

the good money, big coin, the bad money, the canadian dollar, are you going to spend your bad money that you want is, as we know, inflation is running it over 6 percent. you want to get rid of that? or do you want to get that your deflationary courtesy that up in value, not the one declining a value? well, you try to get rid of the one declining a value, right? so that's why it's not used as a currency, right? that's why it's a store value and your currency that you're printing is the one people are choosing to spend. yeah, yeah. there's that. plus people are using bitcoin in transactions, billions and billions of dollars worth every day. so they used it. there was a time when academics and central bankers and folks when they got flamed back, trolled by big coin or so on. social media was a sign of some kind of badge of honor like, aha, you know those silly bit quarters told me on social media,

but now i think it's safe to say that this gentleman is just stupid. i mean, he's just functionally stupid that well, however, he gotten a position that he got into his canadian side, so we got in the head of some hockey, pucks, and that made him eminently qualified to be in his current job hockey aside. there is another interesting story. it's hawkins fight. interesting to tell you the truth, our team is doing pretty well this year. the, the carolina hurricanes. and what i want to say is that, so we have gretchen's law. we have this contradiction in this terms that at the top where he saying like, because not being who says a currency, i like, you're not buying a parasol, so you're not buying your, your coffee with it. you're not, unless you have to transfer billions of dollars from el salvador to say hong kong you, you don't need to use it right now because you have bad money. you can spend sure you could spend your good money if you want. but the instinct of most consumers

within the economy is, is going to be by nature to get rid of their bad money while somebody is willing to still take it. so there you have that. now we moved to the other story that max and i picked up on 1st, and that was during cop 26 with joe biden. and his new infrastructure plan and his new other plans and budgets and spending and all this sorted like plans to save the world. they say, well, you know, they're going to save the world by reducing carbon emissions. but 1st, by increasing carbon emissions arising, oil prices put by it and in a bind over climate pledges. whitehouse moles, it's limited options to boost supply. critics. a situation exposes flaws and presidents climate change agenda set out at cop $26.00. his administration's ambitious agenda to stem global warming calls for a shift away from fossil fuels. yet mister biden is now urging the organization of the petroleum export in countries to increase production to ease shortage his lower

prices. while this is the attitude of the alcoholic who says, i'm going to stop drinking tomorrow, i just stayed a one during today to get me through. or the drug addict or any other person that's in america is addicted to oil, america's. i'm not going to solve their carbon emissions problems. so by jo biden's plan of increasing oil. i'll put see how that. so yeah, you know, he, he's obviously not fit for purpose. he's not fit to be a, you know, to, to run a hot dogs down at this point, much less be the president of the united states. he makes no sense. the problem with all the greenhouse gas carbon emissions initiative said that rely on, you know, rare earth, for example, or cobalt that just brings are increasing child slavery in the countries that produce these reverence and cobalt. they haven't thought that through. that's just the beginning. it's such a silly, they're just it, so it's so silly. well, max is beyond that. it's just simple basic economics right here. we have the

allegedly richest country in history with the allegedly richest consumer in history . and yet even this small increase in prices of oil prices and our energy prices are a lot cheaper than europe, for example. and this is causing the president to want to alter, at least for now, you know, we need to reduce the cost of oil and energy for our consumers. well, think about the practicality of, of any of these global carbon reduction programs where they're calling on the poorest people in the world, the bottom 7 and a half 1000000000 people to pay higher energy prices. energy is an important input into growth, into economic activity. since the beginning of time before we even wrote the very 1st economics textbook, it was a basic ingredient of all economic growth. so it's just, you know, that it just exposes the lie of this pretend situation that we were going to do

something about right. meanwhile, that they know a mining bitcoin inc use energy and reduce carbon footprint. the more like ok all salvador, we have a real life example. the energy usage is going up dramatically while their carbon footprint is collapsing is going down. because be coin popping out. theat money, which is incredibly energy efficient, the 1st of all at the back by the pentagon in the military, industrial complex and all that. so this is, this is the way, but buy it and, you know, he hasn't had a sense in 5 in 30 years. well he is or his party is up for reelection and the midterms coming up. and that is part of the reason why we're seeing this because opec has so far a rebuffed the u. s. appeals to increase output. they haven't done it. and with gasoline and heating oil prices at their highest levels says 2014 americans are

expressing unease over the administration's economic policies as next year's mid term elections loom quote, high prices tend to usher out incumbent politicians faster than they usher in new technologies. i the new technologies that might help reduce the cost of oil or reduce the cost of energy using solar use and wind using geothermal and other options for a price for gas is going to be up dramatically by the time the elections. because a buyer has an adjust the true cause of this calamity, and that is the excess of money printing and they, they're scheduled now to double the money supply. the m $2.00 money supply again, i'll the next 12 months. they doubled it over the previous 12 month. they're going to double it again. so gas is going $89.00 a gallon. yeah, and of course the washington post tried to publish an opinion piece which they quickly deleted and or,

and scrub for the internet because democracy guys and darkness. but the thing is, you know, they were, they wrote a piece along the lines of like, how we should embrace inflation. that the, this is good that it was like, reduce our consumption. and of course all the bottom, 99 percent that do not right for the washington post our own the washington post. they. i got very upset with this. so the reality is that real people live in a different world from the one percent who claim, who rule the world, right? they say that again and this. so a d, this as we call it here in america or added ass as they say in the u. k is also in the wall street journal headlines with the same sort of situation that buy it and finds himself and with what he says. he wants a carbon emissions reduce what. what happens is that he needs to reduce the cost of oil. so we need to pop more added as takes hit from boycott in china once seen as

growth engine. the sportswear company, along with other western apparel brands continues to suffer from a chinese consumer boycotts just to put this into context. china is now the largest apparel and sportswear market in the world, the footwear market valued at $376000000000.20, followed by the united states, which is 330000000000. and importantly, they're still rising china. so rising and of consumers are only starting to spend on footwear and stuff like that. so already it's like 10 percent bigger than the u . s. market and it's getting bigger, but us consumers don't like us listed companies selling goods into china because of what they allege is something happening with the weaker is in shang chang, province. so i, you know, china that companies are having to issue statements condemning china. well,

the chinese consumers have boycotted these companies. i wednesday at 8 asked reported that is revenue in mainland china. taiwan and hong kong felt 15 percent and the 3rd quarter after dropping by 16 percent in the 2nd quarter added as was hit by a consumer boycott that began earlier this year after the company as part of a consortium of western brands raised concerns about force labor allegations in china's changing region, as i've been saying, as a inflation, jamie comes out of the bottle, the language and the rhetoric from mainstream media financial press, a get more pretzel, crazy, loopy loop. not so. and so we're saying that people are just saying black white up is down to, to describe inflation because they understand is based on money printing. it has nothing to do with what they think it has to do with. so there's sound like complete idiots by definition, because are talking about things with, with the complete wrong basis for their proclamations. you know,

the thing about china, again, what we wins, i've been saying for number of years is at some point, you know, that whole soft power. that was a part of america with the brands and hollywood valve fade away. and then china will have its own brands and its own film industry. and that'll be the soft power that china will project around the world by what's cultural export the same whether u. s. has been doing that since world war 2, it'll be a chinese export of their cultural goods and intellectual property. they're already on g 5 and g 6 in terms of telecommunications. way, way ahead of everyone else including the, the u. s. and the u. s. is completely stuck in the mud and trailing behind a guy who can't you know, chew gum and chew gum. okay, we're going to take a break. and when we come back, watch more coming your way. ah ah

well the fund i make no, no borders a tease a new fresh as a merge, we don't have a charity. we don't have a vaccine. whole world needs to be ready. people are judgment. come with we can do better, we should be better. everyone is contributing each in their own way, but we also know that this crisis will not go on forever. the challenge is great, the response has been massive. so many good people are helping us. it makes us feel very proud that we are in it together.

ah welcome back to the kaiser report. i max kaiser time had to go to robert ray love. he is the over at the what is money show primary. what makes maxwell beer? alrighty. let's get right into it. by the way, she mentioned, we are in miami, couple of been going conferences. you're speaking at highly in demand robert breedlove. after a series of excellent essays, you can find them on line that really philosophical. but in a way that's very bitcoin centered. now, i may ask you this if you had only one or 2 minutes to describe it, what is money? what's not money, how to people get mistaken by this and only 2 minutes ago said no pressure. yeah. so i think with money, one of my favorite descriptions of it is that it's a contract with a future or a contract with time. so we all know that we go to work and sacrifice our time for

money. and then that is essentially a social construct that we can then take and going redeem time from others. and without this inter temporal contract between ourselves and our future solves and future others. there's no civilization, right? like we either treating cooperate or we fight over all the wealth it's available. so there's a lot of definitions to this by the way, i've written up like 50 different answers to that question. so i don't never know which one to pick or right. so in summary, in that it's able, you're able to take the work that you did today into the future. that's all right. and for exchange or something in the future. now the u. s. dollar, let's talk about that for a 2nd. inflation is officially at 6.2 percent. some of the corporate media are saying that we should celebrate inflation. i see this lot of the mainstream media is, is this is inflation. a good thing here? thought, no, i saw a headline. one of the magazines today, same quote, inflation is good for you. and the equivalent translation of that is stealing from

you is good for you. it doesn't make any sense at all. i think there's mass dilute this mass deception is being pushed on us is pushing society toward the mass coast is actually how can people understand what's going on when people don't understand money, they don't understand the lies are being told, but it, i mean the bottom line of inflation that it is only stuff that's not even my opinion. it's just mechanically how it works. one good analogy here is maybe like a stock certificate. you would never get one shareholder class, the ability to print shares and dilute everyone else would never have that in for an item one item because it's just not fair. right? you the class, the good print shares would be stealing from those and could not. yeah, that's exactly money is money, the title to global capital in the same way. stocks to because the title company got the money money one grouped in front of a central bank that is stealing from everyone else is forced to use it. all right, now, one of your essays i mentioned at the top of the show that are really,

i thought was something i read 2 or 3 time doing really great big coin in the number 0 for the global audience, laughing out there and give them your thesis on how big coin is as important as the discovery of 0. you know, people are watching the show for a while. we've comparative fire. we've compared it to copernicus, but you're comparing it to the number 0 and a brilliant way about yeah, i'll try to, it's like a 40 minute essay if i can get it all in one shot here, but the gist of it was the impetus, right? it was people asking me the question, what makes but quinn different than all the other crypto assets? and to understand that you really have to understand the idea of an unstoppable idea. and if you study the history of 0, i think it gives a great narrative of an unstoppable idea, frankly. so we had all these competing mathematics systems across the world. but once the hindu arabic numeral system emerged, which is a 0 based numeral system and outcompete all the others. and now we all use a 0 based system because it was more economically efficient. basically people

adopted because it's more useful. and so bitcoin and a rough analogy is essentially that just an idea it's, i'm the only money with 0 percent, terminal inflation and history. so has no theft in it. so everyone is going to voluntarily adopt it. like if you like welts and you don't like being stolen from you would adopt it. first we're looking for pick going to flip gold at some point which is roughly $90.00 market cap. some suggest that it big going can flip the global bond market because the bond market is now showing a lot of negative interest rate bonds. bond rates are all time low bond market starting to look like the 40 year bull market bonds is right to reverse itself. that's a globule. $200.00 trillion dollar market. robert is that in the car? and so you think? yeah, i do. i think we're getting back to, you know, gold was sore value for the past 5000 years. but when governments enter the scene, they were able to actually, through the, largely, through their holding of gold, they can impose their debt as

a new sore value. under the law of yield and other other machinations they put in place. but i think the world, the digital age is taking us back towards a purely capitalistic society where you'll have a gold like asset which is bitcoin serving as the risk graph. so right now, are you describing the purely capitalistic society? while i think the digital age just tears down a lot of the barriers to competition. you know, ideas, the liquidity of ideas is higher than ever, with things like bitcoin, all of a sudden the individual has a lot more optionality. i don't need to house myself on a certain jurisdiction, my capital, my brand, or anywhere in the world. so i think the digital age is just like throwing fuel on the fire of capitalism. we're seeing that already been the client migrant. you know, they're leaving jurisdictions that they're not, they don't feel or treat, they're treated well and their big coin there. i think the new year jurisdictions along with the central bank which looks like they're going to be different to mediated by big coin. what about the nation state itself? is that going to survive bitcoin?

i don't think in a way that we understand it. it's not my general thesis kind of match for an individual. these excellent book that are recommended a lot. i think we go from a world like 200 nation states, 122-0000 just by virtue separate money and the state. so when governments are accountable to their, the preferences of their customers, they naturally become smaller. all right, here's a bit of a philosophical question. is bitcoin an invention or a discovery? uh huh. i think bit coins and invention that as it's man made that seem beyond dispute, but i've argued that it led to a discovery actually of absolute scarce money. again, as 0 percent terminal inflationary money is something that can only be discovered wants. right. so go into that a little bit because this is important when people talk it back. so call competitors to big point. when you say, oh, it's can only be discovered once. what does that mean? so money is valued based on how large and liquid the network is. so new insurance

will always prefer the largest and most of that would network available. so that's how we got to one analog goal. this game theoretic process of people always favoring holding the money that was hardest to inflate. and so i think that same dynamic will play on the digital world with i think the coins is pretty obvious because already run in one that race that it is digital, that is the premier non counter party asset digital landscape. so therefore, is the most trust minimize one and we were rad. so i think it just keeps eating and our competing, all the other one is in the world. it can't be replicated. right? well, we've talked about the coin distance, meaning the nation state. of course, the other side to that would be nation states adopting bitcoin. and we saw that now with el salvador, our 1st country in the world to make the point legal tend to, we have a large latin american audience hyper between ization with central america. do you see that spreading in the region and what does it mean going forward?

you know, i really hope so. and actually, i'm americans on bias. i see the coin is more american than the u. s. constitution in many ways, right? free market capitalism is based on private property rights, rule of law and honest money and big point encapsulates all 3 of these in a way that the government formation document, like the constitution never could. because at the end of the day, that's just scribbles on a piece of paper that we can choose to adhere to or ignore. and, you know, as we've seen, politicians start to ignore it over time. that's kind of where we are in the us today. but big point is taking those principles in permanently and believes in them in code. so it's and put into code in a way that can't be broken or violated. and i think it's really important, you know, it's like it's a new sub street on which to build a nation state, i guess so. but, but the nation say that we go on top of it looks a lot different than the law. you're a credit reported one that we have today. right. and so going forward that to give

us a preview. what are you working on now? yes, i'm still writing a sovereign ism series on part 8 of 12 of that that's on my newsletter that i launched, called the freedom and alex like a subset newsletter. and i'm working on the what does one show? so i'm in a lot of long form series. the next 3 series i'll be releasing are with eric weinstein. just snyder is an expert in central banks. and then jimmy song is a very well known big pointer. i'm just talking to the smartest people in the world for as long as i can about that coin, money, history, all that stuff. where in the world to think is it going to be the easiest to convert over to be quite as them? i don't, i'm leaning towards the freedom loving parts of the country in the us. so i'm thinking like, you know, we're in miami. miami is looking good. tennessee says the u. s. is light along bitcoin lines because obviously wyoming is very big friendly. texas austin in particular, is that big. why not? by the mayor of miami is a very big point centric guy. whereas the money factor is on the coastal elite love

government. they love printing money. it seems to be almost, i wouldn't say a civil war or, you know, it's a bit dramatic, but it seems like a very divide and ideological divide. this shape is becoming harden. yeah. the, do you see that? yeah, i think it's possible, but my hope would be that we'd figure this out at the u. s. federal level to start buying that corn, adding it to the treasury, and hopefully by adding incorruptible money under our existing nation, said we could on corrupt a lot of the bureaucracy belt over the past 200 years. and i also think that there's a great, there's a possibility of bitcoin, but the u. s. can use big point to become the dominant power in the world, going into the 22nd century if we played it right. but i'm not sure if we're going to do that. doesn't seem like people are taking it seriously yet. right. you know, i remember back in the early 960 s you had to split nick moment a rush. you put out, but a satellite. it's not only american and or the space race. it seems now we have

a global ash who are going on. countries are starting to mind bitcoin. ukraine is starting to get seriously the big going. this can trigger russia responding kind and now will russia starting to mind and who are big going kind of trigger a modern sputnik with a global ashmore between russia and american who can born in mind. and i think going robert for better or worse. i think that's the type of dynamic it takes, actually it takes a competitive escalation to get these countries taking the quite seriously. so i do think this very likely i can't see a world where russia is seeking a superior position in between mining or big point, holding that the u. s. would not respond to that doesn't, doesn't seem like whatever work out which could be again and that benefit to both countries. it seems like there's no bad reason on that going. what i mean is that somebody would say, well, what if somebody were central bank buys bitcoin and they try to dominate it. the answer is, well, go ahead and do it. we've done as many schedule as possible. is it?

is that a fair statement? yes. and the fundamental thing to understand is that the coin is the only man made institution in history that no man can change the rules. so the more central banks nation states, other bodies of law that adopt it, they actually get integrated bitcoin, not the reverse, right? worried about being the coin being regulated, but actually it's actually been coin regulating existing institutions. exactly. yeah, i mean that's the thing i've discovered is that, you know, i always say you don't change big going big going changes. yeah. why people are buying it on it before they know they are the ones being changed. yeah, robert, thanks so much for being a kaiser. permanent by the beer. all righty. that's going to do for this additional tries to require with may max niger and stacy herring would like i guess robert gray love of the what is money show, check it out. and also remember to join our telegram group at g dot m e forward slash kaiser spanish. next time bio with

ah technologist fits perfectly well into the future, but we can't change oh way of thinking no way that we can visualize how we will things and how we will feel and how our needs will be in 50

years. so our own do our own technological devonne, things always further wrong than our ability to feed us food and drug administration fights of freedom of information. requests in court asking that it be given 55 years to fully release redacted documents relating to the approval of the funds. as coban luncheon vaccine, a u. s. court slams is still shut to an american tv station off to one of their producers was caught, allegedly stalking, a boss would have jurors in the high profile case of call, written out well, if they don't want to cooperate with us, fine, they don't have to. it isn't something we want anyway. planning a potent takes a swipe at the military activities of washington and nato with a fiery foreign policy speech.