contract law if i had just 3 days comply with their demands. if i didn't send money and they sent up an online hate campaign for the guy i was supposed to be a very dangerous man. oh, is your media a reflection of reality? in the world transformed what will make you feel safer? isolation, whole community. are you going the right way or are you being led? so direct. what is true? what is great? in the world corrupted, you need to descend a join us in the depths or remain in the

shallows. with oh hello, welcome to the guys are a part. i'm a mac kaiser. yeah, we're still in el salvador now are in san salvador. it's all popping off here. the country, the big one is legal to energy transforming the country, transforming the people, transforming the culture, transforming the region all my gosh. so we are still here in al salvatore, where we are witnessing hyper bitcoin ization happen in real life. we are here hanging out with the people about salvador happy everywhere you look. busy hanging

out with the president, with ministers cabinet ministers there down here with the party happening for bitcoin celebration at little bit, cough and out in the other world, the feel world out there while we've been here. well, the interesting headlines out there are of all despair. essentially. inflation is good for you. they say, and so is jamie diamond. so here's the headline. inflation is good for you and this comes from the intercept and i say don't panic over milk prices. inflation is bad for the one percent, but helps out almost everyone else. and what's happening is this says, the intercept, the inflation freak out, is all about class conflict. in fact, it may be the fundamental class conflict that between creditors and debtors, a fight that's been going on since the foundation of the united states. that because inflation is often good for most of us, but is terrible for the kinds of people who own corporate news outlets or say,

founded cold firms. and a panic about inflation usually creates the conditions to weaken the power of working people. so says the intercept, allegedly a very progressive media outlet, right? as we've been saying, as i've been saying, as inflation takes all the major media and alternative media the way they describe and fly. and they whether describe economic, forget increasingly more abstract and unhinged. so they go on to say in this piece that inflation is running 60.2 percent, but the author claims that, well, wages are up 5.8 percent. so clearly, immediately, that's one signifier that mathematics is about the author's strong suit. a 6.2 is clearly more than 5.8, so wages are not keeping up with inflation quite simply. now that doesn't take into consideration that 90 percent of all stocks are owned by the top 10 percent in the country. and with that 6.2 percent inflation,

that's being reported. stock markets are up more than 30 percent this year. so the 10 percent that own stock market are getting that huge 203040 percent gains in some cases that's not being enjoyed by the under a class as being described. was that 6 point to top line numbers, understated by 10 points? it's 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 out there losing money against inflation, number one, they're not, they don't own any assets. number 2, and their wealth and income gotten divide simply gaps and 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 sir 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 followed by the derivatives and the leverage in the banking system. whereby if that goes horribly wrong, they get bailed out by 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 better nation,

relies on the kindness of strangers. so that's what they're telling 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 merchants. debt is the currency of slaves. so what they're encouraging therefore, is a slave class. debt is the currency of slaves and they were there at the intercept . they can, they equate progressiveness them. 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 an effect within the united states a, those who received the money 1st, the new debt that the government, that of 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 mentioned interest rates, right. ok. as you point out, their incomes are only up 5.8 percent this past year. inflation is 6.2 percent, but what interest are they paying on that? that right?

because of the interest on there that is like 13 percent, they're still losing money. maybe a little bit less more if the whole, the underlying value, the principal is the subject. right. so progressives think that all 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, it's 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 2003000 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 filled with despair. and yet the death of despair number drug overdose death in the united states surpassed 100812 month period for the 1st time. cdc says that's a center for disease control. so, despite this 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 compare 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 depth of despair in america and the am to money supply is increasing at about the same rate. 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. that 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 as 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 n o people leave, understand that the central bank in turkey and the central bank in europe, d. 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 said. so they are certainly wiping out the savings and that's 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, quiet eyes 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 the system . what that has achieved, what, what the oligarchy in that system, and the can tell the an effect in that system. here is a headline while we've been here and now salvatore, that just a pit of my says all that i'll salvador is moving away from just in. this is from bloomberg news, hong kong leader, terry lamb says j. p. morgan, c. e o. 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 billed out, but they get rewarded. so for every dollar jamie diamond steals the taxpayer, gave some an additional 10. and he goes to hong kong on a junk, any breaks loss. and he makes a clown of themself and he den and denigrate everyone and on congress been

denigrated by jamie diamond. the world press applaud him and things aren't going great over there. i wonder why, but nevertheless, when you 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 was erupt, the waves always come in and now their money is tied to unimpeachable mathematical certainty, brick coin, it fits in el salvador like a hand in glove because i recognize the inevitable of nature because his nature and they're going to benefit strongly by it. and the con, there 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 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 ice world, if you have once a tow, she, like many people here might have only wants to tow she or you have thousands, even tens of thousands of bitcoin. like michael sailor, you have equal say, in the governance model of bitcoin. and i think that's what you're going to see. relentless optimism, booming an economy and a country like el salvador. right? because a mirror, you know, if you look in the mirror and you see the devil, the devil, a visit, you carry lam, keep that in mind. if you look in the mary now unsafe a client, jamie diamond shows up here and even worse, trouble than you already are already. we're going to take a break and let me come back much more coming your way. with all those driven by dreamers

shaped by those with tears thinks we dared to ask in a cause right on police report. it to december 2020, a group of anti finishes. fill out a film crew access for 3 months for like if people, organization, if an idea that you must be opposed, that you get a lot the gate while they may come with that. but he says, but they can see what they believe in. we believe in helping our community. we believe that fascism is one of the major threats to the united states has gotten

reuben, this is a chance to see who and t for really in order for me to extract my 1st amendment right and say that my life matters have to be on to the teachers or that's how we cancel the police. we can't trust the government. we can't trust anyone except ourselves to protect ourselves in ah, welcome back to the kaiser report. i max kaiser time at a turn to romance martinez. here i'm a bit claim beach in al zante, el salvador, run out of welcome welcome. whoa. can to beat going be to welcome to sun. there will go to sadler, so happy to have you here and that you can leave. you can leave in the eco system buying. paying everything with the ego system of big client. they circular economy

of big coin here in l. zante and it all started with one of those to stand and and a couple of surfers kicked the whole thing off. is that so? so how that went down? yeah, be she's a theme of michael, pete. their song are here in 3 law in paula me, a now or team have been growing. and when people came here to our community, we were doing social initiative. we're running $21.00 social media, giving 4 pillars, education, recreation, spiritual and empowerment. so, and we have an english class, his computer class is, is color chip for the university transportation to bring the kids to the schools every day. so because i was told that we wait, now we were waiting for, you know, right. so a lot of this was happening already and you had these 4 pillars and you were

pursuing education and trying to bring some kind of holistic approach to education and culture. and then into this fertile soil dropped bitcoin gras. yes . and he's so amazing. and so interesting what's happening because we were working in the same social initiatives 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 everyday with they were dollars every day. and until dad's. we connecting war the proven doug or pines had, you know, before us. and when people came here, when people 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 should be, it can also someone who turning it where to receive and send payments, you know, and after does you connecting to my parents, for example, that they never have access to the bank account. so they spend everything, what they get in the mon, stay spending in a month because we hear for saving money. you need to bring in the bank by you. 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. all those 4 pillars sit on top of money. exactly my right exactly. tell me why coming out a. because he's, it is in the way that we have been growing, right? like we grap and we the example that we seen. there's 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 that 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, you want to help one family. teach them both financial. it doesn't matter how, like, how much money you have or, you know, it can be like, these are big. but the people know about financial and they are conscience about what is happening. that they need to safe more need that now it sees these digital assets that he's free and he's there and everyone can benefit from, from there. you know, what's interesting is that any united states or i come from there, of course, there is well established monetary system, the u. s. dollars via 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. and so 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 cable bitcoin can save without the threat of the government seizing their property and they're 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,

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 tardy, and you're bring something that people need to know about people representing different things for different people, right? i, for the majority of the people, beacons just like an asset. and you need to pay capital taxes in the usa because be please consider writing like an asset, right. but big going social current, you know, father and became he's also like i'm an attorney network that he's there. they do say mom, when turning that were like i was there junior, someone in turn edler, literally someone italian edward like or country was paying like $400000000.00 and fees from money that or people send from the united states to us harbor and remittance in that now all those money can go directly to

their family is right. there's $400000000.00, which is the economy. i believe last, i checked, you to pay was approximately 78000000000. so that's a significant percentage of the g. d. p immediately boost immediately 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 a big claim to the countries balance sheet that will give it another huge boost. what's the, what's the status on the president's initiative for a big coin mining using volcano energy remarks? you know, that's kind of really exciting and what's happening and if we have that energy and sadler can benefit from that is beautiful. you know, and that's for that big case is, is few months ago, it was like a big discussion about the energy that the, how the to have been mining of

b. p. 's juicy. like a lot of fall where a lot of energy and, and wouldn't car really from the take power i, i don't know really, di how everything works. but what i see that is beautiful, that the countries benefit in every angle and taking data pertaining to that are there. and if we can mining beats with energy that came from the will k. now that's beautiful. that's beautiful. up to kelly up present with 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 great beautiful man. it please is. is hall please? i these, the, you will 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 president that take that decision, you know, that made it from a legal tender maybe like a dream con. true. a big dream for many people are on the were and that one person in the st. paul were 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 we found that huge entrepreneurial country. you know, 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 a project here between beach project. it can for more than almost 3 years in a half. that's we were empowerment or community here in san rights. and we see what beacon was giving to the local people here, keeping access to the things that we talked before. access to by like a nazi for the 1st time us is to throw in sac digitally. asked is to save morning us is access to sending and receiving payment. so if old font there as something show to the word the one community can change using that technology using bit crime. 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 and something it were working in a country, but it's kind of took more time in the patient to change the depletion with people trying to have the people that never had been exposed to the new technology, we grew up here here in that the new technology 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 months, brain smarter guys working to build the scene. frank structure there will halbert country that will help entire word the humanity working on us in our country. why? because how that goes on get con 9,

this is what became east going the charge that every effort doesn't matter. what would you do? it's not for you is for everyone. i willing to die on the cell. i'm ready. roma and martinez right here from als on day big going beach el salvador. thanks so much. being on kaiser fort 9. thank you for being here. i knew 100 percent sure you're going to have finding our country. thanks for visiting bitcoin beach. thanks for visiting our controls. hob other and it's a big team between beach is a big team behind i issue common span and need some publicity with us. right. you know, i will, i'm probably gonna lead here anyway. that's going to do if it is additional the kaiser bar with may max kaiser and stacy herbert was like our gas room at martinez until next time i l. a . i saw

a message from an unknown account that had a self who with my pulse board as its profile picture, i saw pictures of my documents. it was they 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. long when i was sure seemed wrong. i just don't a whole new world to see out these days. an engagement equals the trail. when so many find themselves worlds apart, we choose to look for common ground.

with breaking for this ireland storage 1st in coordination with allies, the u. s. is releasing strategic oil reserves to bring down petrol prices of to failed, attempts to convince opec to boost production. what i will never accept is idiots who, under the guise of we are dissatisfied use pure violence against people. while the dutch prime minister then lashing either protest as after nights of rioting against tufty cobra, restrictions as cases search unlocked, guns re imposed across europe, the french government outraged by an aide commission is maintained with a muslim youth group rounding it a dangerous sock puppet of his limit and it.