actually, inflation is running 15 to 16 percent, and we see that happening in stores. we see that happening in the energy markets because this is the number that they carry through a lot of adjustments to make it look like the federal reserve needs to keep interest rates as low as possible and who benefits from low interest rates. those people who are borrowing very cheaply and buying assets and again making 102030 percent a year, while the average working stuff with a 5.8 percent increase in wages is going to take a net loss after inflation as the interest point that they're losing money against inflation, number one, they're not, they don't own any assets. number 2, and the wealth and income divide simply gaps wider number 3. so this guy is wrong, wrong and wrong. yes. well, so the argument is that, you know, poor people are debtors and sure they do have a negative net worth because of all the debt. but in terms of the enormity of debt, the enormity of debt is all owed by the derivatives and the leverage in the banking system. whereby if that goes horribly wrong,

they get bailed out by that rest of everybody. that's why we have such high inflation. it also encourages this notion that sure, there is no fix for our mess up economy, where all the manufacturing has been shipped overseas. thanks to various tax policies and you know, benefits that big corporations own sending your jobs overseas. but just, you know, become live a precarious life, live in debt where you know, who likes being in debt and having to stress out about whether or not you can meet your monthly payments. it's just like this is the trickle down of the united states itself. it's a debtor nation, relies on the kindness of strangers. so that's what they're trying, the ordinary person be like your, you know, your boss be beholden to everybody else. gold is the currency of king's silver as the currency of merchant debt is the currency of slaves. so what they're encouraging, therefore, is a slave class that is currency of slaves and they are,

they are to intercept they can, they equate progressive in ism progressive ism with slavery, which i think is not, not the correct equation to make. you know, we are in a developing nation where by remember we do have the, can tell you in effect, within the united states, i, those who received the money 1st, the new debt that the government that the central banks issue, they get it for 0 percent by the time it trickles down to the bottom. as 1314 percent, of course they didn't mention interest rates, right? ok. as you point out, their incomes are only at 5.8 percent this past year. inflation is a 6.2 percent. but what interests are they paying on that debt? right? because if the interest on their debt is like 13 percent, they're still losing money, maybe a little bit less more if the whole, the underlying value the principal is disinfect. right. so the progressives think that all of that is equal, they don't seem to point out the fact that if you are in the top 110th of one percent, the cost of your debt is 0. and in some cases,

under 0 if you're getting paid to borrow, if you're in the lower classes, you're getting a 5.8 percent increase in wages. but you're paying 13 to 16 to 18 percent on credit card debt or pay day loans. bank talk to 1003000 annualized rates of debt on that interest, or i call interest rate. apartheid in america really has become an apartheid state . let's not be shy about it when the apartheid wall is all about interest rates. if you're a friend of wall street and you get to borrow money at 0, if you're not afraid of wall street, you live in the ban toussant of 18 to 45 percent interest rates and it shows in the numbers. well, let's look at some more numbers to see. you would think if inflation is so good for the bottom, 99 percent. let's look at some data ad of the united states alone. okay. let's see how people feel. let's see, you would think that they would be relentlessly optimistic that they would be feeling good and not with despair. and yet the death of despair number drug

overdose death in the united states surpassed 100812 month period for the 1st time, c d c says as a center for disease control. so despite these booming inflation rate, it seems, despair is up. perhaps these people need to read the intercept to realize how good they have it, that this inflation is supposed to be good for them. right? a 100000 deaths. and if you, compared to last year, 70000 deaths, that this year is honored, 1000 deaths. that's an incredible rate. more than $5.00 or 6.2 percent. that's an enormous double digit rate of death of despair. and if you put the rate of overdose drug overdose deaths and american, you map it over the money printing. it's almost exactly the same, the amount of depths of despair in america and the em to money supply is increasing at about the same rate as it shows you direct correlation for all the money being printed by the money printers. they are literally sticking needles and people's

arms and murdering them. well, they are certainly filled with despair. and despite what the media keeps on trying to tell them that this is the best they've ever had. it, certainly it is the best. it's been for some people. now in terms of inflation, the united states, we have 6.2 percent at the highest and 31 years. we have inflation running a hot as well in canada, u. k, and other countries. but we're going to look at a place where it is even worse, and that is in turkey. we don't deserve this as a nation. one market stand owner says of how high turkeys prices have risen. people are struggling to buy food as inflation has soared, nearly 50 percent, an independent group says, in comparison, us prices are up about 6 percent, so we don't deserve this as a nation. again, the difference between an elite who believe inflation is good and the ordinary

person on the street experiencing a much higher rate of inflation than we are in the united states. but nevertheless, if this continues to go higher, these are the sort of circumstances we'll find ourselves in. well, people need to understand that the central bank in turkey, in the central bank in europe, e. c. b, the federal reserve bank, the bank of england and the bank of japan are also actually one big bank. and they are printing money by the truckload by the trillions. and the catastrophic impacts are impacting countries in different ways. and the policy makers, those countries are reacting in different ways in turkey, the leadership at the side is actually lower interest rates, which was exacerbates the toll taken by all the money printing seemingly almost it's such a stupid thing to do it's. it's almost as if the leadership is trying to wipe out their population, which i haven't had made that their stated case. but this is one of the stupidest

things i've ever seen. so they are certainly wiping out the savings and that supposed to be good, apparently for the bottom 99 percent because debt gets wiped away. so they're saying just go into debt. you don't need savings here in el salvador, where we have been, it's all been all about the opposite. what you see here has been genuinely relentless optimism. you see it all along the streets as you're driving around up the coast, across the mountain, up the mountain down the volcanoes over overhead, like where we look. you see people smiling and you see them really excited about this becoming a hyper bit client ice economy and kicking out the bankers and away because they're creating their own financial system. and i want to show you the legacy us dollar theater system. what that has achieved, what, what the oligarchy in that system, and the can tell you in effect in that system here is a headline while we've been here. and now salvatore, that just a pit demise is all that al salvador is moving away from just in this is from

bloomberg news, hong kong leader, kerry lam says j. p. morgan ceo, jamie diamond, was allowed to skip $21.00 day hotel quarantine because it involves a very huge bank and his trip carried totally manageable risk. here's a guy who takes risks and when they go bust gets bailed out by the taxpayer. and not only did they get bailed up to get rewarded. so for every dollar jamie diamond steals the taxpayer, gives them an additional 10. and it goes to hong kong on a junket, any breaks loss. and he makes a clown of himself. and he did a den upgrades. everyone in hong kong has been denigrated by jamie diamond. the world press applaud him and things aren't going great over there. i wonder why, but nevertheless, i would look around the world and you see the impact of all of this flagrant money printing compared to el salvador. here in el salvador,

the sun always comes up. the volcanoes always erupt. the waves always come in and now their money is tied to unimpeachable mathematical certainty, brick coin, it fits in el salvador to hand in glove because i recognize the name of the building of nature, bitcoin as nature, and they're going to benefit strongly by it. and the current theory is really booming. everything is a consensus algorithm. essentially we, we are governed by consensus. and that's democracy. that's a republic. that's our global monetary system. and this is what you have in an unfair system of theat, where it by they have special privileges. above and beyond science. the ordinary peasant is told, trust the science trust the science. you have to be locked down, you have to lose your job. you have to, you know, pay all the costs, the risk of what's happening in the economy. whereas in the hyper bitcoin i's world, if you have once a toshi, like many people here might have only once

a toshi or you have thousands, even tens of thousands of bitcoin like michael sailor, you have equal say in the governance model of a client. and i think that's what you're going to see where i lent las optimism, booming, an economy and a country like el salvador. right. but guys, a mirror. you know, if you look in the mirror and you see the devil, the devil, a visit you said jerry lamb, keep that in mind. if you look in the mary, nancy klein, jamie diamond shows up and you're an even worse trouble than you already are already. we're going to take a break and when we come back, much more coming your way with all those driven by dreamers shaped by interest and those with

there's things we dare to ask with oh, when i want something wrong, i just don't hold any world to shave out

disdain becomes the attitude and engagement equals the trail. when so many find themselves worlds apart, we choose to look for common ground. ah ah

it really is so thing they can't ride on police report in december 2020 a group of anti fascist. fill out a film crew access for 3 months. so like if people organization, it's an idea that it must be opposed that channel out the gate. they may kill that faces, but they can say what they believe in. we believe in helping our community. we believe that our fascism is one of the major threats to united states has gotten reuben, this is a chance to see who and teeth are really are. in order for me to extract my 1st amendment right and say that my life matters have to be on to the teacher to that problem with the police. we can't trust the government. we can't trust anyone except ourselves to protect ourselves in a

a a a ah welcome back to the kaiser report, i'm at kaiser time at a turn to romance martinez. here i'm a bit claim beach in el dante el salvador romance. welcome. welcome look and to beat, going be to welcome to san there. we'll go to saddler, so happy to have you here and that you can leave. you can leave in the eco system

buying, paying everything with right, the ecosystem of big client. they circular economy of a client here in al zante and it all started with one pep who was to stand and, and a couple of surfers kicked the whole thing off. is that so? so how that went down? yeah, beat can be she's a theme of michael pete, their song or him into a lot. even paula me a now or team have been growing. and when beacon came here to our community, we were doing social initiative. we're running $21.00 socially mean giving 4 pillars, education, recreation, spiritual and empowerment. so and we have an english class is computer class is, is color chip for the university transportation that bring the kids to the schools every day. so be, go, was that told that we wait, now we were waiting for,

you know, right, so a lot of this, it was happening already and you have these 4 pillars and you are pursuing education and trying to bring some kind of holistic approach to education and culture and then into this fertile soil dropped bitcoin. gra. yes. and he's so amazing and so interesting what's happening because we were working the same social initiative before beat them. come here when b r i something change and something, and that thing is financially education like no one hour on the word teacher, what's moonies? how fee and money works. you know, but we make transactions ever they would, they would dollars every day. and until dad, we connecting war to proven that, or pines had, you know,

before us. and when people came here. when beat can came here is like we started to seen people saving for the 1st time. people buying an acid for the 1st time, this more merchant transacting digitally for the 1st time in their life. you seem beat can also someone who tardiness were to receive and send payments, you know, and after that you connecting to my parents, for example, that they never have access to the bank account. so they spend everything where they get in the mom stays spending in a month because we hear for saving money. you need to bring in the bank by so the 4 pillars tell me the 4 pillars again, education, air, recreation, spiritual, and empowerment. and none of those 4 pillars talked about money. no, really big. all those 4 pillars sit on top of money. exactly my right. exactly. tell me why tell me out. a. because is that if you think the way that we have been growing right? like we grew up and we,

the examples that we seen are community a were lie, or something had been always like a fisherman town like a people working in fishing and fishing, all quoted aiding like growing bass to bulls corner fuel and all those stuff. you know, but really, really, really no one will come here and say a luke exist these. and what we have been learning is like if you want to help someone, if you want to help one family teach, then a book financial. it doesn't matter how, like, how much money you have or you know, it can be like, these are big by the people know about financial in their conscience about what is happening. that they need to safe more need that now it sees these digitally affects that he's free and he's there and everyone can benefit from,

from dairy. you know, what's interesting is that in the united states or i come from there, of course, there is well established monetary system, the u. s. dollar theat money. quite right now, people in el salvador are enjoying a privilege that most, if not virtually all in america, do not enjoy. and that is just this to following in america. most people can't engage in a financial transaction without being spied upon by their government in el salvador, that's not true because the big point transactions are completely outside of the system to in america, people cannot save money without the threat of the government confiscating their while they've done it before, they've done it with gold, they've done with the money here in el salvador. people who have on campus capable bitcoin can save without the threat of the government seizing their property, and they're as well. so al sabah dorians are enjoying a level of financial freedom. here as a country, as a percentage of the population of the country,

which is in the 2030 percent level as soon to be 100 percent in america is barely even one percent. this is the leader in the revolution. as you point out, you can't have the 4 pillars of society that unless you have that foundation pillar of sound on campus cable incorruptible money. so what will happen in the region drama? is this going to spread to other countries? totally. and you're bring something that people need to know. people are representing different things for different people, right? i, for the majority of the people, beacons just like an asset. and you need to pay capitol taxes in the usa because deep clean you can see the rating like an asset, right. but decreasing social currency no father and bit can so so like i'm, when the terry network that he's there, they do say is my, i'm when attorney that were like i was there junior, someone in turn edler lifting e, someone italian edward the like or country was paying like $400.00 millions dollars

and fees from money that are people sand from the united states, to all sobber and remittance in that. now all those money can go directly to their families, right. there's $400000000.00, which is the economy. i believe last. i checked g, d p was approximately 78000000000, so that's a significant percentage of the g d p immediately boost. i mean really going to the pockets of people here and not being paid to the intermediaries like western union countries. also interested in getting into mining or using volcano energy. whites is projected to add a $1000000000.00 worth of big clients at the countries balance sheet. that would give it another huge boost. what, what's the, what's the status on the president's initiative for a big coin mining using volcano energy rama. you know, that's kind of really exciting and what's happening and we have that energy and sadler can benefit from that is beautiful, you know,

and that's for that the case is, is few months ago. and i was like a big discussion about the energy that how the to have been mining of the piece juicy, like a lot of fall where a lot of energy and, and we don't car and really from the take power. i, i don't know really, di, how everything works. but what i see that he's beautiful, that the countries benefit in every angle and taking data pertaining to that are there. and if we can my name beat come with the energy that came from the will k not that's beautiful. that's beautiful up to kelly a president. but kelly tweeted just today at something to the effect that big coin is beautiful and he seems to be a renaissance man. is that a fair characterization? the green, beautiful man? the please, is. is hall, please?

i these the total sympathetic to and empathetic and in, in line with the sentiments of the president. for me, people need to give, like a lot of credit to, to the precedent that take that decision, you know, does need bid from a legal attend there. maybe like a dream can true, a big dream for many people around the world and that one person in these and for men, there are people by putting these new technology and their societies. you know what's gonna happen? like, i mean, you'd have to convince re i come from the united states where we'd sign the declaration of independence. we needed to break free from the colonial english empire take on the world and become a huge entrepreneurial country. now my question is as follows, some people, a question whether the roll out of big coin had to happen as quick as it did. this

seemed to happen suddenly. ah, but there's an argument to be made that this was the only way you could do it. and escape the really the prying eyes of the, the i m f and these other organizations that have done more damage than good over the years. well, how do you see that? that was the project here between beach project. it can for more than almost 3 years in a half that we were empowerment or community here in santa right. and we see what beacon was giving to the local people here, keeping access to the things that we talk before. access to by like a nazi for the 1st time us is too for inside digitally asked us to save morning us is access to sending and receiving payment. so if a fund there is something show to the word,

the one community can change using that technology using bitcoin. so for us it was nothing like new. we don't, we don't go to see like, okay, if, well, if it was working here in something we're working in a country. but he is kind of took more time in the patient to change the depletion with people trying to help the people that never had been exposed to the new technology. we grew up here hearing that the new technologies coming, but he had been testing in europe in united states, in brazil, but aster will come to our country now. histories were making history here. and how i say, what did indeed she is like, the countries have like a lot of people de monte brain smart their guides working to build these seen friends structured there will help our country that will help the entire war. the

humanity working on us in our country. why? because how that goes on between now and this is what became east between the charge that every effort doesn't matter. what would you do? it's not for you for everyone. i willing to die on the cell. i'm ready for alma martinez right here from als on day bitcoin beach. el salvador. thanks so much. being an advisory for 9. thanks you for being here. i knew 100 percent sure. you're going to have finding our country. thanks for visiting beatrice beach. thanks for visiting our controls. hobb other and he's a big team between beach is a big team behind. i issue come in a span and need some boosters with us. right. you know, i will, i probably get here anyway. that's going to do. if it is additional, the kaiser bar with may max kaiser and stacy herbert want to thank our gas room at martinez until next time i l. a

. i saw a message from an unknown account because it had a selfie with my passport as its profile page. i saw pictures of my documents, it will say also sent a credit contract. i had just 3 days comply with their demands to see if i didn't send money i. they sent up an online hate campaign that i was supposed to be very dangerous man. to join me every thursday on the alex salmon. sure. i'll be speaking to guess when the world politics sport business. i'm show business. i'll see you then. mm. ah

sure. don't seem an official mister spiritual, someone with a dispassionate and want to see that the phone. yes. the makisha posted in the for your phone when you're beside bixler, i me at the what the number should she can usually should almost by you. so what i'm going to look up in cities. it took us once and she lives right. you have the key moments which she's leeway share 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 group is on

a very dramatic and development only personally and getting to resist. i don't see how that strategy will be successful, very difficult, time time to sit down and talk to rob is driven by dreamer shaped banks. concur. some of those with who dares sinks, we dare to ask a

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