it's crazy foundation, let it be an arms race is often very dramatic, that 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 for right now, there are 2000000000 people who are overweight or obese. it's profitable to sell food that he's fancy and sugary and salty and addicted. it's not at the individual level, it's not individual willpower. and if we go on believing that will never change this obesity epidemic, that industry has been influencing very deeply. the medical and scientific establishment. mm. so what's driving the obesity epidemic? it's corporate in

good match kaiser. this is the kaiser report. one of i told you hong kong in a box, what does that mean? let's ask stacey 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 a 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 a. redo his tweet 1st. he said max kaiser,

me predicting the emergence of between 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 to 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 would say off 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 air tight. we're not necessarily everybody could see everything that goes on inside. but where you can prove mathematically that there is no fraud on 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 crypto to it and really create something quite, quite amazing, like like an instant, hong kong kind of situation. you 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 me sir. of course is a great writer in the big coin space, 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 at el salvador, for example, than did not have to do anything with the recent tack root upgrade of big coin that

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 it took was the leader some, some vision of 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 mckelly of el salvador. if you're comfortable seeing the truth, then you act on bitcoin. so he had said small nimble and economic freedom where the qualities that to look for at the time he was predicting panama, but definitely a salvador small and it. but 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 turned 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 power house 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 that 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. if it, if 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 bitcoin 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 do you fix the situation? and we see j power struggling with transitory inflation. that's become a permanent inflation. when we see all that struggle of these, these small man, 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 the are, 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, and look at and determined that yes, this was like, this was a way to move forward to improve your financial system. yeah, all, all central banks, all banks, all on verifiable committees,

all 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 corruption because it's all the ceiling towards the pure monetary premium and truth of bitcoin. and on top of that bedrock of truth, you can build a fantastic country of a fantastic culture and loved what's out of that. sorry, very 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 whilst you had predicted of salvatore, essentially, back in 2014, you predicted this moment. we have also been predict in 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, you know, the various tariffs, canadian, a lumber, tara, of 18 percent, have been impose polysilicon. a key solar panel ingredients 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 costs 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 break, i'll salvador is the fantastic position to of 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 you have a self contained economy to a large degree are agricultural for the most part that has a very dynamic, a leader who's adopted a big coin standard. and this is, as i said before, 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 there was the new world at that time. you know, al salvatore is 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 you're going to see us heading further and further south is going to get hotter and hotter. these jackets will come off. all that sort of 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, it is literally from 2009. and the genesis block was a pre bitcoin world in a post bitcoin world, in 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 routes in the, you know, i guess he's millennial president who cali versus boomer. peter chef peter shift hanging on to his gold thinking down into the fi at the stink the sludge and 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 face 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 at kelly had to boomer. chef. none were already in the green from our last purchase and less than 24 hours. you know, boomer, we have $44106.00 ounces of gold and our reserves, or $79000000.00 down 0.37 percent from a year ago. if we had sold it a year ago and bought big coin, it would now be valued at $204000000.00. wow, this is one of the benefits of being in big coin. it's a rite of passage. everyone gets to duncan, peter chef. you know,

we've been donkey on him for 10 years, almost, and he's been around for team years. he's the worst money manager of the century. and now president kelley gets a don 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. no one else seem wrong when all troops just don't whole. i mean you have to ship out these days because of the ticket and engagement equals betrayal. when so many find themselves worlds apart, we choose to look for common ground. ah

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for welcome back to the kaiser report, i max kaiser time now to turn to james church use the gold bug is also a big coin. it is yes. and is book is new, it's called money 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 it relates to found money? you know, the pursuit of happy, this 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 it's starting to accelerate. and certainly things got accelerating really bad, 971. when the gold one was closed in the u. s. and seems like that was

a seminal moment, james? yeah, absolutely. right. next it actually started though in 1913 with the creation of the other research. that's why gold was $20.67 announced that the dollars been debased over the past 100 years. but up from 971 forward to the present. it's been accelerating that the patient has been accelerating l. a famous writer garvey dall, once said, and refer to america as the united states of amnesia. 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've gotten

a ripped off because they're not really growing up in anything any way, anything like any of us grew up and, you know, you're absolutely right max and i think are, but i had a good estimation as well. and one of the things that we're ignoring is the monetary positions and the constitution. you know, there are 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 klein money and regulates the values that are up and what that meant was that they could fix the gold. so the ratio, so there was always sufficient metal of both gold and silver on hand to create coins. and i think one of the attractions of script occurrences among the millennials backs. i just saw a survey. that's 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. you know, 1st, courtesy of the country, most people don't understand was the continental,

and it collapsed and hyperinflation. and one of the reasons they created the constitution are, together, has the monetary positions. and there was to not have the country again, based collapse of the, of a paper currency like the continental or 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 always setting up for a showdown between states and the federal government over money. james, yeah, you know, there's something this is actually been brewing for the past 101520 years. the states are starting to understand that the federal structures and balance and the face 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 some 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 how far in, 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 see a big coined presidential candidate in 2024 with someone like ted cruz getting back to gold for a 2nd. because of course do, and i've been talking about gold and then bitcoin now for all my gosh, almost 20 years now. and so where it is, where is this statement fit? and michael sailor over a micro strategy. of course you just bought some morbid coin. he's got close to $6000000000.00 and big coin is quoted recently as saying, quote, the best thing it could do is sell all 10 trillion dollars worth of gold and buy

bitcoin. gold is a dead rock and quote, your response. james church go guys a bit, 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 coal. the thing about gold is that it is a physical asset. you can hold it in your hands. as a consequence, there's no counter party breast. that's the disadvantage of crypto advantage of crypto is that you cannot be confiscated based on current technology, which is the best balance of gold which has been confiscated many times the history . so what crypto guys and go guys should be doing is fighting the same fight to get rid of the currency. and once we do that, then 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,

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 a lack of education about each other's products. i mean, remember backs back in the early days of bitcoin, i was very skeptical. and once you know, we've had a number of discussions, if i, the convincing was a $100.00 an hour and have a role to play. and i've been in labor ever since. but do i see bit quite as the ultimate long term solution. i say go really as 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 the crypto money, currency and money are 2 different things. we use the same word to explain it, but currency is a banking product, and money is something fundamental to nature. nature provides everything. humanity needs to advance, 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 day monetization of gauls, we say money in cash flows pouring into bitcoin. but the question is this. the

market ultimately made decide that big coin is a winner take all and it and it could be monetize gold. busy down to its utility value. that's possible, you're just saying it's not likely. yeah. you know, we don't know how the future is going to unfold backs and right now the current has been winning. but remember, the coin started from very, very small market cap and the, the nurse who bought the car in those early days very much like the nurse who bought apple or, you know, google back in their early days. and 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 people who own good client 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. so who wants 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 meta verse. we're the virtual reality is taking precedence over the quote unquote physical reality. another problem with golf you might have an opinion about this, of course, is that it is overly 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 goals 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 it 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

1960. you know, they tried to keep a $35.00 to now, so they decided $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 undervalued 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, 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've 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 start? well, you know, i've talked a lot about the financial benefits of gold for example, and that's a gold bunch of se amount of energy as it did 70 years. ago if you measure it 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?

you know why they 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 they get at is that in order to have liberty, you have to have politically, some money. and ro, gold has fulfilled that beautifully over us. 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 go. that's what i tried to lay out in the book, but the principle one is that golden liberty go together a face a little bit on a speech by howard buffet weren't it's father delivered in 1948. he 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 a son warren. all right, james turret. the book is money. liberty. thanks for. come on kaiser report. thanks back. i pleasure. all righty. and that's going there for this the best of kaiser report with me max kaiser and stacy eric. well, i think august james, turn author on the new book, liberty and money, money, liberty until next time bio. ah. so what we've got to do is identify the threats that we have. it's crazy even foundation, let it be in arms. race is often very dramatic development only personally and getting to resist. i don't see how that strategy will be successfully, very critical of time. time to sit down and talk

for is your media 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 that with direct? what is true, what is great? in the world corrupted, you need to descend a join us in the depths. will remain in the shallows. ah,

ah pentagon says that it won't hold anybody liable for a box to drones striking, cobble that killed 10 civilians, including 7 children from former u. s. military drone pilot told us of his frustration over the decision to see that nothing has changed, even when it's awaiting me out in front of everyone's face, how we operate and, and no one is being held accountable. like we've been talking about this for 10 years now. angry scenes and demands for the british prime ministers at rest. the all over his plans were dealing with the only kron code with variant. even some tory and piece of compared the pm's proposals to nazi jim.