ah, ah, the historic funds to in coordination with allies, the u. s. is we're leasing strategic oil reserves to bring down petrol prices off the found attempt to convince the opec to boost to production what i will never accept it under the guys. we are dissatisfied use pure violence to get to people. the dutch prime minister lashes out that protest is off the 9th of rioting against tough new cubic restriction. as cases 3rd to unlock downs or re imposed across your britain's government to sending troops to the opponent valley were supported to assist with the refugee situation that is facing accusations of failing to cope with an even bigger crisis of law on those stories on fancy, lloyd go to our website, r t dot com. that's all for me,

but coming up in and now is time where we stay with the mornings headline with oh, hello, welcome to the guys report. i'm a max kaiser. yeah, we're still in el salvador now or in san salvador. it's all popping off here. the country's not that big one is legal to enter is transforming the country, transforming the people, transforming the culture, transforming the region, all my god, stations. so we are still here in el salvador 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 comp 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 it's terrible for the kinds of people who own corporate news outlets or say, founded coal 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 not the author 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 staff 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 gotten 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 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 messed 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, every lives 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 kings. silver is the currency of merchants. debt is the currency of slaves. so what they're encouraging therefore, is a slave class that 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 federal 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 if 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 same thing. right. so the 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 alike or 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 as 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, 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 depth of despair in america and the em 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 in. well, people need to understand that the central bank in turkey, in the central bank in europe, the bay, 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 is decided 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'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 quaint ised 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 system. what that has achieved, what, what the oligarchy in that system. and the can tell you an effect in that system. here is the headline while we've been here and now salvador, that just a pit of my eyes is all that are salvador is moving away from just in. this is from bloomberg news, hong kong leader, kerry lam 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 to get rewarded. so for every dollar jamie diamond steals the taxpayer, gives them an additional 10. and he goes to hong kong on a junk, any breaks loss. and he makes a clown of themself. and he denigrates,

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, 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, re 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 theory is really booming. everything is a consensus algorithm. essentially, 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, 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 eyes world, if you have once a toshi, like many people here might have only once a tow she or you have thousands and 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, and an economy and a country like el salvador. right? but guys a mirror. if you look in the mirror and you see the devil, the devil will visit you. so jerry lamb, keep that in mind. if you look in the mary, nancy kline, jamie diamond shows up here and 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. ah, ah

ah oh, driven by dream shapes bankers and those with

dares sinks, we dare to ask for the recent little house verdict is a cautionary tale for many in power ideology trumped anything resembling justice the jury thought otherwise. unfortunately, our leads when more times than not, they were informed by their ideology and they were pursuing a revolution from the top down. ah, welcome back to the kaiser report. i am at kaiser time out of turn to romance. martinez here on bitcoin beach in al zante. el salvador romano. welcome. whoa,

whoa. can to between beach, welcome to so and they will go to sadler. so happy to have you here and 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 else on thing it all started with one proposed to stan. and and a couple of surfers kicked the whole thing off. is that so? so how that went down? yeah, between beach is a theme of michael pete. their song are here in sri 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. so shelly, me giving 4 pillars and location, recreation, spiritual and empowerment. so, and we have an english class is 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 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 are on the word teacher, what's moonies? how fee and money works, you know, but we make transactions everyday with they,

with dollars every day. and until dad we connecting war, the proven da 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 should be to 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, what 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. tommy, 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 is it is it seemed a way that we had been growing right? like we grew up and we the example that we seen our 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 feel and all the 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 ladies or big. but the people know about financial in. they are 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 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 us dollar theat money quite right now, people in el salvador and 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 engage in a financial transaction without being spied upon by their government. and so in el salvador, that's not true because the big white 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 salvadorans 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. and 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? tarley and you're bring something that people need to know about. people don't represent in 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 the please couldn't see the rating like an asset. right. but big green social currency. no father and became so so like i'm when the attorney network that he's

there, they do say mom, when turning that were like i was there junior, someone turn edler, leap to the someone italian edler like or country was paying like $400000000.00 and fees from money that or people send from the united states or harbor and remittance in that. now all those money can go directly to their families. right. for $100000000.00, which is the economy. i believe last i checked, you to pay was approximately 70000000000. so that's a significant percentage of the g d p that immediately boost immediately going into 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 to the countries balance sheet that would give it another huge boost. what's the, what's the status on the president's initiative for bitcoin 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 big case is, is few months ago it was like a big discussion about the energy that how good have been mining of the piece you see 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 like 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, my name beat with energy that came from that will k. now that's beautiful. that's beautiful. up to kelly a president. kelley 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? great, beautiful man. it please is. is hall, please. sly, these. these 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, to present that take that decision, you know, does need be from a legal tender meg, like a dream can 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 signed 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. now my

question is as follows, some people a question whether the roll out of the coin had to happen as quick as it did. this seemed to happen suddenly. 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. what, what, how do you see that? that was a project here between beach project. it came for more than almost 3 years in a half. that we were empowerment or community here in san wright. 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 i says too for inside digitally asked us to save morning us

is access to sending and receiving payment, so if a font there as something show to the word, the one community can change using that technology using bit climb. so for us, it was nothing like, no, we don't, we don't go to see like, okay, if, well, if this was working here and saw that you were working in a country pretty, it's gone that 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 grabbed here hearing that the new technologies coming, but he had been testing in europe in united states in brazil. but after we'll come to our country now history, we're 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 there guys working to build these scene friends structured there will halbert country that will help the entire war. the humanity working on us in our country. why? because how that goes on between 9, this is what became east going the chance that every effort this in my to what would you do? it's not for you for everyone. i willing to die on the cell. i'm ready. roma and martinez right here from als. aren't a big claim. beach el salvador. thanks so much being on kaiser for 9. thank 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, hob other and he's a big team between beach is a big team behind i. you should come in a span and need some boosters with us. right. you know, i will, i'm probably gonna live here anyway. that's going to do. if it is additional,

the kaiser bar was may max kaiser and stacy herbert was like our gas room at martinez until next time. i yeah. ah ah. and the very still thing they cause right on police report in december 2020 a group of anti finishes allowed a film crew access for 3 months. so like if people organization, if an idea that it must be a ppo, is that you can't allow the gate while they may come with their faces. but they can say 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 antique are really are in order for me to extract my 1st amendment right and say that my life matter have to be on to the teacher to that's how

america's we can't trust the police. we can't trust the government. we can't trust anyone except ourselves to protect ourselves in a row with this is in bus one business here. you can't afford to miss. i make a reservoir and why i think that coming up in order to combat the surging energy costs the united states and other nations have taken the major step to have their oil reserve. well, discuss the move.