reality ah, in a world transformed what will make you feel safe, isolation, whole community. are you going the right way or are you being led somewhere? direct. what is true? what is faith? in the world corrupted, you need to descend a join us in the depths. or remain in the shallows. 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 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 treated this comment and a link to this clip from cars report back in 2014 a. redo his tweet 1st. he said, max kaiser, 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 and itself 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 cypress 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 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 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'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 at l 5. adore, for example, than did not have to do anything with the recent tack route, 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. 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 where the qualities that to look for at the time he was predicting panama. but definitely a salvador small. and e book 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 big 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. if it already say 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 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 fear 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 feeling 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 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 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 ad 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 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 life of el 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 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 a large degree, our agricultural,

for the most part that has a very dynamic, a leader who's adopted a big coin standard. and 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 even 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 what will be in just tank tops and little between 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 and 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 erupt 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 fayette think 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. but 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. well, this is one of the benefits of being in big coin. it's a right 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 that don dampier 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. ah. well, the pandemic, no, certainly no borders. i'm just like to nationalities. parish as a merge we don't have a charity, we don't to look back, see who worried needs to be ready. judgment. 2 come in, crisis with we can do better, we should be better. everyone is contributing each in their own way. but we also know that this crisis will not go on forever. the challenge is great,

the response has been massive. so many good people are helping us. now it makes us feel very proud that we are in it together. oh, and i dropped back from her. so those with there's things we dare to ask. ah, i for

welcome back to the kaiser report. i max guys are 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 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 sound 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 a road in united states and many other countries around the world for many, many years and starting to accelerate. and certainly things got accelerating really bad, 971 on the gold one that was closed in the u. s. and seems like that was

a seminal moment, james? yeah, absolutely right. max, it actually started with 1913 with the creation of the 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. 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. 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. 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 claim money and regulate the values that are up. and what that meant was that they could fix the gold silver ratio. so the resort's sufficient metal of both gold and silver on hand to create coins. and i think one of the attractions a script of kurtz is 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 in hyperinflation . and one of the reasons they created the constitution or put it 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 big coin. some states are very probate coin 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 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 the 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 big coin now for all 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, he just bought some morbid coin. he's got close to $6000000000.00 and big coin is quoted recently as saying, quote, the best thing he 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 gold. the thing about gold is that it is a physical asset. you can hold it in your hands, and as a consequence, there is 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 disadvantage of gold, which has been confiscated many times the history. so what crypto guys and go guy 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, for a long time it seems that the big coined 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 back 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 announced and had the role to play. and i've been belabor 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 the currency for recent 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 here . and at the moment we say to a lot certain degree, james, some day monetization of gold, 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. 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 the very, very small market cap and the, the nurse who bought the car and 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, 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 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 go will go higher just like it did in 1900 sixty's. you know, they tried to keep a $35.00 to now the disorder, $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. some 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 and liberty says that 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 dark? well, you know, i talk a lot about the financial benefits of gold for example, and that's going to show you 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 and economic calculation. but the key that they get that is that in order to have liberty, you have to have politically sound money and wrote gold has felt that beautifully over hundreds and thousands and thousands of years and we need to move back to gold . 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 overconsumption and environmental degradation. that's what we're seeing these days. so there are many reasons to go back to gold. that's what i tried to lay out in the book, but the one is that golden liberty go together based a little bit on a speech by howard buffett weren't both. it's father delivered in 1948. he was a real liberal log liberty as an i and i a lot to that speech in terms of learning

the relationship between called and government. right. howard but, but of course was a big goal bug. also unlike his son warren. all right, james turret, the book is money. liberty. thanks for coming on kaiser report. thanks back. i 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 on the new book, liberty and money, money, liberty until next time, bio ah. with a wrong went on just a sheep out the scene because the african

and engagement equals the trail. when they find themselves will depart, we choose to look for common ground. oh right now, there are 2000000000 people who are overweight or obese. it's profitable to sell food, disease 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 never change is obesity epidemic. that industry has been influencing very deeply. the medical and scientific establishment for what's driving the obesity epidemic. it's corporate in

a i under irma and send the u. k. or where new restrictions being brought in to come about the file spreading. i'll make chrome cobra variant, some and piece of it even compare the proposals to nazi germany. facebook admits in court that it's 3rd party fact checks are nothing more than the opinions fueling further allegations of bias on censorship. on social media the pentagon said won't told anyone liable for a bought drone strike enough down us them that kill 10 civilians including 7 children, one former us.