[000:00:00;00] with the pentagon says it won't hold any one liable for a botched drone strike in kabul that killed 10 civilians, including 7 children of former u. s. military drone operator. brandon bryan's express to us, his frustration over the decision to see that nothing has changed, even when it's blatantly out in front of everyone's face, how we operate and no one's being held accountable. like we've been talking about this for 10 years now. vladimir potent calls for immediate talks to stop further nato expansion towards russia's borders and a telephone conversation with british prime minister boris johnson. that's a made ongoing speculation over the situation in ukraine and accusations against

russia and the sudanese who say they've been betrayed and that they've had their dreams destroyed. we've got a special report about the 1000 strong's protests ripping the capital there. since october's crude, closer world news headlines for this hour, just stick around for more of those and just about 60 minutes and ah, max kaiser, this is the kaiser report. what have i told you hong kong in a box? what does that mean? let's ask stacy macs, a kind of sounds to me like el salvador is hong kong in a box. of course president who kelly himself is always saying singapore, which kind of fits, you know, they a country that is very hot,

human tropical. that turns itself into a financial power house. well, would you believe me if i told you max that you actually predicted this moment back in 2014 february 2014? with turn to mr. and he tweeted this comment and a link to this clip from kaiser report back in 2014. i read you his tweet 1st. he said, max kaiser and me predicting the emergence of big queen countries and cities. bitcoin shangri la a place where the crypto cloud hits earth. and here's the clip. people talk about, we need a big coin shangri la, you know, we need a place, a country that will instead of fighting, bit going, embrace it for what it is. it's a fantastic, cheap way to send money to store value and it's a growth industry in itself. it creates jobs, obviously in new york, in san francisco, or anywhere in the united states are going to resist it because you've got entrenched all a godly,

they're going to resist it in europe. but in place like cyprus, the cyber is going to be the country that says, you know what, we're going to be the switzerland of crypto or the, the, the talk about the way i see bit corn is sort of like a benign virus. it's going to where the place where the resistance is leased and that there are several places where the cloud could hit the earth and it could be cypress. we can also think about countries like panama, like kong, switzerland, i mean time will tell, but, but what's for sure. i think it's going to be small countries that are nimble, that offer a lot of freedom, economic freedom and maybe have a background already in technology. let's talk about what it means to be born in the crypto cloud. what do you get if you're born into this crypto cloud? you get, you know, why i would say up the top of my head just to get the ball rolling. here you get a real currency with a store, a value that's a limited supply, that's similar to gold, you get transactions that are near 0 in terms of cost. you get all what, how would you expand on that?

well, you might also good accounting, that's very tight. we're not necessarily everybody could see everything that goes on inside. but where you can prove mathematically that there is no fraud in the system which is amazing for emerging economies. we can have, think about all the startup city projects that are out there that are thinking about a city in a box. what if there is a country that wants to bootstrap an economy? they can use those concepts and add crypto to it and really create something quite, quite amazing, like like an instant, hong kong kind of situation. you're bringing the knowledge from outside and you just, and that's how you create a lot of international tax competition. and those kind of things right? well yeah, talk to mr. of course is a great writer in the big coin space and great thinker and going back 2014. and even earlier than that, those who were in big coin in the community want to extrapolate late. what big coin

means and what it can do, the idea of it being able to run a country or in a country adopting it as legal tender and replacing the dollar and challenging. the dollar really is a no brainer because it is the hardest money. it's always going to scale beautifully. and i mean, look, and el salvador, for example, than did not have to do anything with the recent tack root upgrade of big coin all done for them by this global open source project. and they're already enjoying the fruits of a g. d p. looks like it's going to boom. but anyway, going back to 2014. yeah, it was clear then that all took was a leader some, some vision. some, some a president who, who really was not afraid to see the truth. i mean, that's the key. you have to be able to see the truth for what it is, whether your micro sale or a micro strategy or president kelly of el salvador. if you're comfortable seeing the truth,

then you act on bitcoin. so he had said small nimble and economic freedom with the qualities that to look for at the time he was predicting panama. but definitely a salvador small. and he who kelly is proven, very nimble. he smash buys every single day, and he time bitcoin falls by 101520 percent. he's out there, smash buying it for the nation. so the interesting thing as well, that is quite timely, is that in 2014, when turn to mr said you could see in the future a hong kong in the, in a box that bit queen enabled like an ikea foreign nation states and city states to emerge on a bit quite standard. but at that time 2014, hong kong was a financial powerhouse and the financial center of the known universe at that time, right. it is no longer that case and this is in the middle of this d globalization. this power struggle,

the facilities trap between the united states and china and hong kong is ground 0 and they've been taken out. whereas at this moment, this new bitcoin era, this post fiano era, you know, hong kong was the center of the fi at universe. and now it's l. salvatore's time, i believe, and there nimble, they're small, and they're bringing economic freedom. that's what you see with president who kelly and big quite city in the 0 percent tax. and that no interference and just let bit pointers do their thing. yep. it, they already see it happening a g p a looks like it's going to do great next year or above 10 percent. fastest growing country in the world. and the, the, what it brings to the country in terms of a positive attitude is fantastic. and this is going to be the 1st mover advantage for el salvador, as other countries begin to wake up to this, it's only gonna help their position. and of course, they've got all that geothermal volcano energy,

they're going to be doing the volcano bonds. so this is the beginning of an incredibly exciting story. let's also point to that moment that you just said of the tap room upgrade. that, i think one of the more remarkable things that happened since el salvador did adopt a big quite standard, is that, you know, when you look at all these big g 7, g 8, g, 20, all these big meetings. and you know, when we have the financial crisis of 2008, 2009 and all those, the treasury secretary and the fed meeting with all the heads of the biggest bang. so like how to fix the situation and we see de power struggling with transitory inflation. that's become permanent inflation. when we see that struggle of these, these small men, individual men or women trying to control these giant forces of huge amounts of fields being printed. but nobody actually knows how much is being printed, because all nations with are printing wildly. so here we had like the smartest

people in the universe upgrading your money monitoring network in an open distributed system that all could verify and look at and determined that yeah, this was like, this was a way to move forward to improve your financial system. yeah, all central banks, all banks, all on verifiable committees, on verifiable centers of power are corrupt. some of them are very corrupt, some of them are extremely corrupt. here in el salvador, their money system is completely absent of any corruptions, because it's all the healing toward the pure monetary premium and truth of bitcoin . and on top of that bedrock of truth, you can build a fantastic country and fantastic culture. and let what's out of the story. there is just a channel to be who you really are in this case is going to be a central american powerhouse. that's what they, that's what i'll salvador was meant to be,

and that's what it will be. while you had predicted of salvatore, essentially, back in 2014. you predicted this moment. we have also been predicting the moment that would be so perfect for our salvador to become hong kong in a box. in that hong kong. as part of d, globalization is being swept away and you see that in this wall street journal, i had mine here, retreat from globalization as to inflation risks, tariffs by american policies and lower immigration inflows. my add to cost pressures, so they add up all the in the various tariffs, canadian, a lumber, tara, of 18 percent, have been impose polysilicon. a key solar panel ingredient surged more than $20.00, a key low. and the 2nd quarter, 2020 versus a $6.20 a year ago. and all of this is these cost price increases are happening because of

the d globalization and the trade conflict. and the, the acidity strap between the united states and china that we have predicted for several years now. and we've chronicled there as it was heating up. and so this was a perfect moment for the likes of our salvador. and i think other nations in that region of central america and latin america could soon follow, right, i'll, salvador is the fantastic position to, um, like a little speed boat outmaneuver, the huge tankers that are stuck in, in, in the port, and without unable to deliver goods. and services here we have a self contained economy to large degree, our agricultural, for the most part that has a very dynamic, a leader who's adopted a big coin standard. and the, this is, i said before or the kind of like the new new world. i made a tweet that my ancient ancestors 300 years ago. you know,

they emigrated from germany to pennsylvania at the request of william penn who started pennsylvania. and that was the new world at that time. you know, al salvatore's the new new world and i may be immigrating back, you know, to el salvador for the same reasons that my ancestors immigrated to an sylvania. you know, this is the new opportunity, the new world, this is, this is the new nirvana, right? and your own to see us heading further and further south is going to get hotter and hotter. these jackets will come off all that sort of what will be in just tank tops and little bit coin shorts very soon enough from el salvador. but, you know, in terms of the new world old world, of course it's, it is literally from 2009. and the genesis block was a pre bitcoin world in a post bitcoin world. and the whole thousands of years of human history before that had been based on essentially gold standard, fia rode on top of the gold standard. now we're in a big coin standard world. and you saw that really a rob's in the, you know,

i guess he's millennial president who cali versus boomer. peter chef peter shift hanging on to his gold. sinking down into the fi at the stink the sludge in the swamp. of all the fraudulent debts of wall street, and here we have who kelly had tweeted, el salvador just bought the dip. a $150.00 coins at an average u. s. dollar price of $48670.00. celebration phase party pat hash had bitcoin christmas cake. so remember we said small and nimble, so there he is nimble. he grabbed the dip. peter shift with his big giant bars of gold. and now that you can dance with, there's a lot more dips coming. he said, how much tax per money do intend to waste? and here is the, the millennial versus boomer moment. right in this tweet response, epic kelley had to boomer chef. none were already in the green from our last

purchase, in less than 24 hours. you know, boomer, we have $44106.00 ounces of gold in our reserves, or $79000000.00 down 0.37 percent from a year ago. if we had sold it a year ago and bought bitcoin, it would now be valued at $204000000.00. wow, this is one of the benefits of being a big claim. it's a right of passage. everyone gets to dont compete or chef. you know, we've been donkey on him for 10 years, almost. he's been wrong for team years. he's the worst money manager of the century . and now president mckelly gets it done. computer chef, it's fun. you know, everyone gets that opportunity and he seems to enjoy it. so he's the kid in class that enjoys getting, you know, beat up for whatever reason. anyhow, we're going to take a break and when we come back,

much more coming your away with join me every posted on the alex simon. sure. i'll be speaking to guess what the world politics sport business, i'm show business. i'll see you then. mm. scientific knowledge has never been so readily available to everyone across the globe, but overwhelmed by information. how can we distinguish the real science from the one being imposed upon us? we're living in a world where there are many people who have a vested interest in finding information, finding scientific evidence, and discrediting even the notion that science could provide. the truth about the natural world in the pursuit of business goes large. corporations are challenged strongly by scientific evidence. if you're emotionally invested and free markets, then climate change is

a serious emotional threat. because dealing with it means we have to change our approach to business industries or on the war bar, attempting to debunk legitimate science by producing new evidence in science and writing science. that's how ignorant says manufacture their attention only seeking to the rail science rolling using science itself for welcome back to the kaiser report. i max kaiser time now to turn to james church. he's a gold bug. he's also a big coin. it is. and as book is new, it's called money and liberty. now james, turn in the book, you talk about the pursuit of happiness being more difficult because of a system of money and banking, i look at 800000 drug overdoses the past 12 months. certainly, that doesn't look good. can you talk

a little bit about pursuit of happiness and how relates to found money? you know, the pursuit of happiness is becoming more difficult because the monetary system is eroding from the way it should be politically honest money in order to look at it. and that's been around in united states and many other countries around the world for many, many years. and starting to accelerate and certainly things got accelerating late, bad 971. when the gold window was closed in the u. s. seems like that was a seminal moment, james? yeah, absolutely right. next, it actually started the 1913 with the creation of the research. that's why gold was $20.67. announce back then the dollars been debased over the past 100 years, but up from $971.00. forward to the present, it's been accelerating that the patient has been accelerating l. a famous writer garvey, dall, once said,

and referred to america as the united states of amnesia. and you know, it seems like, while america is interested in erasing the past, it's, it's past the civil war, past and other events of the, of the past. it's also seemingly wants to forget things like sound money. and when you forget big parts of your history and you don't remember other parts of your history, what's left, james? i really feel like this generation millennials and jen z. i have gotten ripped off because they're not really growing up in anything any way. thing like any of us grew up and, you know, you're absolutely right max and i think are, but i had a good apps division as well. and one of the things that we're ignoring is the monetary provisions and the constitution in other 2 specific things in the constitution. other critically important. the federal government has received the authority from the states to coin money, not to print money, or to create money out of bookkeeping entries, but the claim money and regulate the values they're up. and what that meant was

that they could fix the gold silver ratio. so there was always sufficient metal of gold and silver on hand to create coins. and i think one of the attractions of crypto curtis among the millennials backs, i just saw a survey that something like 20 percent of millennials on, on some type of chris crypto currency is because they feel that the monetary system is not working to their advantage is changing them, and that's what the framers wanted to prevent. first, courtesy of the country, most people don't understand, was the continental, and it collapsed in hyperinflation. and one of the reasons they created the constitution are put together have the monetary positions, and there was to not have the country again, based collapse of the, of a paper currents. you'd like the continental or if the terms like the continental, you mention states right there. and it seems like states are becoming more of a factor when it comes to money and monetary policy, particularly with bitcoin. some states are very pro bitcoin like texas and i arming and setting up for

a showdown between states and the federal government over money. james? yeah, you know, there's something if this is actually been brewing for the past 101520 years. the states are starting to understand that the federal structures and balance and the states have a lot more authority under the constitution than what had been, you know, accepted in the 20th century. and the states are starting to recognize that there are issues from a monetary point of view. as a consequence, what they're doing is they're moving starting movements toward child money, you know, taking silly things like sales taxes of gold, of sales and to individuals and, and other things that they're taking. i think we're going to see more of this as problems with the dollar increase received and they migration patterns. a lot of people are moving from states like california in new york. they're moving to texas and they're picking up professional states as a result of it. so politically, this is having an impact, we may say

a big coined presidential candidate in 2024 with someone like ted cruz, you know, getting back to gold for a 2nd because of course do, and i've been talking about gold and then big coin now for oh, my gosh, almost 20 years now. and so where it is, where does this statement fit and michael sailor over a micro strategy. of course you just bought a morbid coin. he's got close to $6000000000.00 and big coin is quoted recently as saying, quote, the best thing you can do is sell all 10 trillion dollars worth of gold and buy bitcoin gold is a dead rock and quote, your response james church. yeah, go guys. a big claim or crypto guys really on the same side, it's us versus the currency. and my view has been the crypto cursors are educated in millennials. about money, you know, criptos better than fear, but it's not as good as gold. the thing about gold is that it is a physical asset. you can hold it in your hand and as a consequence, there is no counter party breast. that's the disadvantage of crypto advantage of

crypto is that you cannot be compensated based on current technology, which is the best balance of gold which has been confiscated many times history. so what crypto guys go guys should be doing is fighting the same fight to get rid of the currency. and once we do that, and i think ultimately, you know, the role that god has played historically for 5000 years will emerge to the forefront. you know, i've been watching this debate go on with the gold bugs and the big coin folks for a long time. it seems that the big coin people really are ambivalent about gold. they, they're happy for people to buy gold. they don't really care one way or another because their conviction and big coin is so high, they don't really give it a 2nd thought. whereas on the, on the gold side of the debate, those folks are vehemently opposed to bitcoin and they seem to take a really active position against bitcoin,

thinking somehow it's evil to some degree almost. why do you think that is why, why would there be more ambivalence on both sides of this debate? i think it's just the lack of education about each other's products. i mean, remember, mx, you know, back in the early days i was very skeptical. and once you know, we've had a number of discussions, if i'm the convincing that was a $100.00 announced that has a role to play. and i've been a believer ever since. but do i see bit quite as the ultimate long term solution. i say go really is judgment long term solution, but i do see that 2 different types of currency, complimentary to one another. remember, it's called crypt currency for recent crypto, money, currency and money are 2 different things. we use the same words, explain it, but currency is a banking product, and money is something fundamental to nature. nature provides everything. humanity needs to best including money. and that's that natural money or nature's money is gold. that's true. just from an interesting kind of thought experiment,

if the market starts to dump gold and buy bitcoin doesn't, that doesn't really matter what one's predisposition is toward gall. the market has spoken. i believe that the market ultimately will make the final determination air . and at the moment, we say to a lot certain degree, james, some de monetization of gold. we say money in cash flows pouring into bitcoin. but the question is this. the market ultimately may decide that big coin is a winner take all and it and good monetize gold down to its utility value. that's possible. you're just saying a fall. likely. yeah. you know, we don't know how the future is going to unfold backs and right now bitcoin has been winning. but remember the coin started from the very, very small market cap and the nurse who bought the car in those early days. very much like that's the nurse who bought apple or, you know,

google back in their early days. only to realize that the value of those investments that they made ultimately were something that the market life in the market. you know, put their arms around the product and started paying more for it. how it's going to move forward from here. i don't know, but what i have been recommending who own bitcoin is to think about taking some profits along the way and put it into real things, farmland. timberland, gold, silver you know tangible assets because what we want to get a rote get away from now do we want to start moving away from financial assets which are overvalued and into undervalue tangible assets? that's typically what happens during a period of increasing inflation. right, well again, the market seems to be moving toward the metal verse. we're the virtual reality is taking precedence over the quote unquote physical reality. another problem with golf mill, you might have an opinion about this, of course, is that it is over li,

concentrated in the hands of central banks. and the central banks are this, this allowing real price discovery, as we've talked about many times of go, gold should be much higher. right now, given the inflation. but it's dead in the water because the central banks and member banks are manipulating the price. james? yeah, they're keeping a lid on that as best as they can, but you can go against the market. the market is bigger than any central bank or cartel of central banks. and ultimately goal will go higher just like it did in the 1960. you know, they tried to keep an eye $35.00 to now, so they distorted $10000.00 tons of gold from fort knox, and then attempt to do that. and ultimately we broke through that 35 level. we went a 150 in the next 10 years. similar type of things going to be happening soon, because we've been fighting, you know, central banks have been finding to keep gold low, but it's just become so under valued, that it's inevitable that you're going to see a much higher gold price. all right, so let's talk about your book, money and liberty. so those things are consistent in the entire debate,

money and liberty. and you've been writing about yes for decades and give us the look we got about a minute. give us a little peek inside. what will people find when they turn the pages here and your new book money and liberty, james turn? well, you know, i talked a lot about the financial benefits of gold for example, and that's a gold bus to show you amount of energy as it did 70 years ago. if you measured in terms of crude oil, what i don't, what i haven't really talked about a lot in the past is, what are the political aspects of gold? why did go become money, you know, and be money for 5000 years and why has gold still money and useful in economic calculation. but the key that i get at is that in order to have liberty, you have to have politically, some money, and ro, gold has fulfilled beautifully over hundreds and thousands and thousands of years. and we need to move back to go. the other thing is that gold is nature's money. if

you don't use gold as a means of economic calculation, you end up with over consumption and environmental degradation. that's what we're saying these days. so there are many reasons to go back to gold. that's what i've tried to lay out in the book, but the principle one is that gold and liberty go together a face a little bit. i'm a speech by howard buffet worth of father delivered in 1948. i was a real liberal lover of liberty as have i, and a lot to that speech in terms of learning, the relationship between gold and government. right, howard buffett, of course, was a big gold bug also unlike his son warren. alright james chart. the book is money. liberty. thanks for come on kaiser report. thanks back. pleasure. all righty, and that's going to there for this edition of kaiser report with me max kaiser and stacy eric want to thank our guests. james, turn author of the new book, liberty and money, money, liberty, until next time,

bio ah. ah. the west relations with russia are it record lows and there is no reason to believe this will change any time soon, however, is a grand bargain possible as some of suggesting also as a bait of julianna's songs being seen

ah ah, the midwest in southern united states hit with a devastating swarm of tornadoes over the weekend, leaving scores dated the hardest to state of kentucky, while poor other states also saw death and destruction, including tennessee, where scottie niel hughes will joined us from live to update the damage. and after 18 year that the network chris wallace says goodbye, a fox news, and he's headed to cnn plus cnn new streaming platform. why did you leave? what does it say about fox news? n wallace have issues with being an anchor. jake tapper at his new home, we'll discuss it all with our media panel. why are some stories covered by the media and some not so much, for instance, the smashing graph, flash robberies we are seeing at the high end stores. it's something we all know about. what do you know about

a multimillion dollar settlement and bobby walgreens and underpaid employees will