see how that strategy will be successful, very critical time time to sit down and talk with the u. s. supreme court goes to hold jo biden's coven vaccine, monday for large businesses with allows of monday for health care workers to go ahead the queen of england. second son, prince andrew, is stripped of his military, stifles over a high profile, sexual abuse case. and allied peacekeeping mission in kazakhstan, comes to an end. as the situation in the country stabilizes this. by much speculation, the west of the russian thought to the contingent wouldn't leave those the headlines this hour, and that's all from me pizza. scott would all be passing on the buttons. neil harvey will be here with a full use program in just under 60 minutes. thank you for watching.

ah max kaiser. this is the kaiser report. stacy were early. we are still in san miguel day and day in mexico were on our way. the 2nd half. in fact, we will be in san salvador el salvador. but i just wanna say, you know, we enjoyed the new year's here and the last year 2021. we exited, and we had 70 new all time highs in the stock market. we saw the all the markets were up 27 percent on 2021. and yet we see headlines like this. we have a powerful weapon to fight inflation. price controls, it's time we use it as this was the big article over the christmas new year break, and that was in the guardian in the u. k. and they're calling for price controls,

despite the price control, as you might say, the price fixing on stock markets. remember everything that q e and central banks do is about pushing the price up, up, relentlessly. yeah, i was thinking along similar lines about price controls. now they're referring to stuff that people are buying at the store, that's going up and price because of inflation. and so the government of various countries, including the united kingdom, are saying, hey, you know, we need to come in there and fix the prices. this is a policy that, of course, has never worked throughout history. but as you point out, the problem is this, and for those who want to get the broader context, who want to kind of understand on a deep level, what is the story here? as you are a learn alluding to this all refers back to another price fixing scam that's been

going on for 40 years. and that is the price fixing scam when it comes to money. now remember, we supposedly live in a free enterprise, free market economy in the united states and in great britain and elsewhere. if that were true, then the price of money or interest rates would also be involved in a free market. but they're not, there's a pull up bureau in the united states called the free this, the open market committee, the free open market, the federal open market committee, f o m c, and engage in price fixing. and they do sell for the benefit of their owners. and these are the banks that glean hundreds of billions, with not trillions of profit that's moved from savers. move from the workers over to the speculators. we've been documenting this valve on this show for 13 going on 14 years when talking about and various other content for 18 years. so it

is a purchase price fixing is the problem. if you want a free market, you've got to let the market be free. you can have half of the market free and then half the market fixed. do you end up with the problem that we have today? i don't have the headline here, but during the christmas a new year break, i did read an article whereby they interviewed. i think his 1st name is thomas, but hoenig, he was the former head of the kansas city fed and he was one of the dissenters. he was the loan to center, so the, you know, the f o m c always a. they always want unanimity and all their decisions. there was one dissenter, 20102011. 4 and then he was basically ousted, right, hoenig, who, who was against quantitative easing. and the reason was, he didn't say it was because of inflation. he, in fact, only may be mentioned inflation once and all of his dissents. because remember, f o m c meeting notes are not released for 5 years. so 5 years later we saw that he

was saying exactly the situation that happens. now essentially he was warning of the can tell you narrow fact, he was saying that the wealth and income gap with surge, that it would cause asset prices to sore and that the wealthy would get wealthier and this would destabilize our societies. and lo and behold, that happened, he was forced out because of course, the cultural elite loved bernanke. he loved the money printing, they and their friends got wealthier, and they thought they like they, in their mind believe that they are just and, and good people. and they believe in all sources. so, so george, justice warrior sort of causes so that they deserve this money and that this was reward for good behavior and good thought. well, the fact is like he warned of this situation. and in this article, the reason why this woman is saying that we need to have price fixing is because of a fed chart. and this shows that non financial corporate business profits after tax

. since we went off the gold standard they've, it's been soaring. so you say way back to, you know, while we're on the gold standard, their profits were not excessive, but look from 2000 to one. when china enter the world trade organization and the u . s. companies can send all of our jobs to china. you start to see the profits for the elite just take off and then he see it again in 2008, 2009 when quantitative easing started. and look at what we have now post pandemic. and this is the massive money printing while forcing all the small companies medium size enterprises to shut down, locked down, and have huge cost having to compete on this supply chain disruption. situation against massive corporations like wal mart who could hire their own like tankers and go get goods from china. right. so what we have established here is that the

american economy, under the dictate of the federal reserve, federal open market committee, is central planning. and since financial ization is the by far by huge factor of the single biggest component of the economy, we can say that america is a centrally planned economy. it's not, it's not a capitalist or free market economy. it hasn't been for many decades. and when you look at the profitability, these corporations, it one has to keep in mind that the profitability of a corporation is contained to some degree to the ecosystem or business ecosystem in which they live a. so if you took, let's say, one of those read those mighty oak trees out on the pacific coast and you try to grow it into a pot that you would normally grow a geranium it. okay. i went to the redwood tree, one of the redwood trees, right? so you have a, you have a pot and you're going to grow

a plant in that pot. and the plant is constrained by the fact that it's in a pot. any corporation in the world cannot grow to this to a size that's greater than the entire planet. we have molten. yeah. but multi trolling 1000000 trillion dollar companies. you're so actually saying, well, this redwood tree is somehow grew in this pot that we normally grow geranium and ok, obviously the only way you can do that is if you have a direct connection of transfer payment from the, the federal bank, those printing money. and as bypassing the economy, bypassing labor is bypassing savers is bypassing capitalism. it's just going into the pockets of the, the club talk or see some called, or the caca stock, or say that the central planners, you know, on the left in america, they say, you know, we need to get her to capitalism and bring back central planning. ironically because week we have had nothing but central planning. since alan greenspan, the $0.19 a crash of 1987, when greenspan robert reuben,

and ronald reagan essentially repudiated the free market and said, we're going to get into the s and p features buying business with the open, with the punch protection team or the working group on finance coming out of the white house that on that day and i was working on wall street on that day. the american system of free market enterprise dead died and now we've had sense is a mass, a kind of a mass hallucination that's given us now, 100000 overdose deaths last year and calling that and rewarding. that is a good way to make money that's. that's what's that, that's what's happened. well i guess you could kind of say it's like jack and the beanstalk economy. some companies, some individuals, some banks are given special beans. right. and they're being stock can grow to the moon where everybody else is shut down. and here's

a wall street journal article about that. essentially, u. s. companies are thriving despite the pandemic or because of it, revenues, profit margins have surpassed late. 2019 levels from most public companies. bigger firms have fared better than smaller ones. nearly 2 years after the crone of iris pandemic brought much of the u. s. economy to a halt. public companies are recording some of the best ever financial results. profit growth, the strong most companies sales are higher than they were before. coven 19. often well above the liquidity crunch. many feared and 2020 never materialized, leaving companies with sizable cash cushions. the stock market ended 2021 near record highs and far fewer public companies file for bankruptcy and 2021 than in the years before the pandemic and the credit, all of the money printing the huge amount of money printing. this is like the u. s

. companies, but especially the publicly listed massive companies. they were given these special beans where they're being stock and grow away higher, higher, higher, higher past moon, past the stars past. the galaxy, you know, beyond everybody else. right. and another inconvenient truth that most people in america and united kingdom don't want to face because it's too ugly. but us effectively, the big corporations got the regulators to kill off the competition. ok, this is a a mafia approach. you get the cops to raid the guy who sang drugs next door to where you're selling drugs. and because the cops are corrupt and they'll take a payoff. so their financial regulators in america are venal, which is a fancy way to say they're corrupt, but also like so this woman in the guardian who wants to have price fixing. this is for things lower. she's saying like, it's like post world war 2 when they were supply chain crunches then and blah,

blah, blah. but think about this like so she wants that one of the biggest disruptions and supply chains has been to microchips. right? that's because like taiwan makes most of them, but all of that stimulus saw millions and tens of millions of americans by durable goods from where china and all our durable goods are washing machines or refrigerators are. and our cars and stuff like that. have many, many, many microprocessors. so there was huge demand. the actual quantity of micro chips made in the past 2 years exceeded the years before. so it's not an issue of like price fixing needed to rectify this. you have to just stop giving all the free money start printing money and inflation will go down. right? i mean, she needs to put the, the, the price fixing after world war 2 in the context of what caused world war 2. and

that's money printing. and so the fix was, you know, let's fix prices, it, but let's not address the money printing. let's not disband the bank of england even though it has this incredibly deleterious impact on the u. k. economy, in the global economy. it's really the 1st of the major is the 1st central bank that we know of going back to, i guess, says 1796, i believe. and it's the model upon which feudalism can continue and in wash itself as a market economy. it's feudalism, thanks. bank of england. so, but of course that would require a much broader education on behalf of the writer of that article, which is obviously not the case. all right, we're going to take a break and when we come back, much more coming your way. ah, july, an annual festival in st. petersburg dedicated to dusting, epsky. ah, the great writer thinker and psychologist,

people often turn to his work to understand russia and russians, perhaps even themselves. they put a single movie to see what they think about the matter vehicle of quality, any changing a rita, transforming them as they read. that's a dust i ask is unique ability to stay. ascii wants to tell us. you can better yourself. he makes you face your true self. are we good man? beyond conventions, rules of schemes, beyond the boundaries and time. dostoevsky is a global brand whose classics, everyone knows. i'm never out of style. with over the past 2 and a half years, russia, nato of agreed on very little. if anything, however, both agreed to me for a high level midi and they did in brussels. both sides made their case,

nothing was really resolved lots of words. what happens next? maybe action ah, welcome back to the kaiser report, i max kaiser time out of turn to samson now block stream and infinite late sampson to welcome back. thank you max. great to be back right here. we are in san salvador el salvador, where there's a peaceful revolution going on with big coin being made legal, tender, and of course, to pick coin bond. you are an instrumental if not the chief architect on these bonds working with present to kelly it, shaking the world of finance. it's a revolutionary new concept that this start up nation of outside the door is really basing a whole new economy on tell us about it. the big coin bonds are a $1000000000.00 bond. the 1st one is called the volcano bond,

and it will go half into buying that coin and half into building energy infrastructure and money equipment. so this will be a 10 year bond with a 6.5 percent coupon. and at the end you get your principal back. but the interesting about this bond is the bickering opponent will contribute to a special kicker. so for the 1st 5 years, you get 6.5 percent, but in the final 5 years, you get 6.5 percent plus the special bitcoin dividend, which, you know, depending on the current price, could make the total coupon size, 90 percent, 120 percent. your best guess is my best guess, but it's going to be good. right? so for institutions who are looking for exposure to bitcoin, this is a great way to do it because it being paid 60 percent essentially to wait for the big coin move. and a lot of people are, you know, they don't like the volatility. but here you're getting the 60 percent coupon, and you don't have to really worry about the volatility. i did. i understand that

the big coins basically locked up for 5 years and then they started to pay out. now you told me on another podcast that the volcano bond in your view is probably the most significant advance in big coin sense bitcoin. i think so, because it is very innovative on a number of levels. so as we know, institutional investors are star for yield. they're trying their best to get yield . they're trying to access bitcoin, but they don't necessarily have the means to get into that coin. this bond fixes that, so they can buy the bond. they can have that kind of side. and it fits with their mandates their charters, which would otherwise stick them into buying something like a mining stock or something less inefficient, less efficient than the volcano bonds. so i think it's going to be a big game changer. the other thing is, these bonds are going to be traded 247365 because it is a crypto asset. it has a token issues on the liquid network, which is a federated coin site chain. it will be traded on its changes like bill for next

and others. so you're going to have 247 trading and a massive pool of liquidity, which is not that common with bonds. right. and you know, we're talking big numbers are talking about the bond market and international investors. let's talk about the salvadoran is to work in a job. and they've just been told that because it's been made legal tender and it's something very new to them. so talk to, let's talk about the average salvador and how does bitcoin going to impact their life? well, the biggest thing is, solar is now will get the hardest money known to mankind, which is because they can earn bitcoin, they can easily change their money into bit coin using the chiva wallet. and they have this access to the future financial system today, which is not their comment. so most countries are not looking at big coin. they're not making bitcoin legal tender. they're just printing more money. but here you

have a silver riding the wave of the future, right? they're writing that way for the future, right? to prosperity, because ordinary salvadorans will be able to accumulate bitcoin and stack sets easily. and they could pleasure access the bond as well. the interesting thing about the volcano bond and the decoy bonds is we want it to be accessible to ordinary people. usually when you buy a bond, they're $1000.00, hundreds of thousands of dollars or millions of dollars. if you look at the current minimum size of the current bonds out there, and that's not something a normal person can get. but because we're using liquid because it is a token, we can go down to $100.00 minimum size. so normal person, perhaps it's salvadoran living abroad, maybe they're in canada, and they want to help their country. they can buy a piece of this bond and contribute to the economic prosperity of their nation. i took a tour recently downtown san salvador and just a few years ago the area was, i know goes on, you know,

it reminded me of new york city back in 1970 s. there are areas where you would never want to go into new york city. and then we had really the deregulation revolution of the 19 eighties and reaganomics as it was called. and new york city became much, much different place. so when i look at downtown san salvador, it seems like this could be a place where it attracts a lot of artists. it attracts a lot of entrepreneurs. is this the kind of place like berlin after the, the fall of the berlin wall or new york in the seventy's when? so how became a huge ard center? could that happen to downtown san salvador? definitely, i see. the coin is a big draw. it's going to bring people here because most people, most countries, actually, they want to surveil you more than the u. s. rate. they want to look at where $600.00 transactions come from. you have to report them right. it's not there yet,

but that's definitely a direction they're going. whereas in a sophomore, they're making because legal, tender they're making money money again, which is a very rare thing in the world today. let's make money money again. let's make money money again. it's a rarity and i think it's sort of like what are sold or is this a waste of sanity in the world of craziness, right? we're living in cloud world today with crazy health mandates to deal with it. and monetary policy is just gone insane. money printing is out of control. and here you have this see of tranquillity. you know, you have been quite as legal tender, and you have, you know, normal regulations about everything else. and those force mandates on vaccines and everything like that. i think that will draw people that will bring people to us of it or not just the builders and engineers and that type of personality. but the artist to like you're saying they could come to and populate the downtown since

her and bring art there. seems like sound money encourages common sense. and i, i saw this the other day president kelly had sent data like a kid for folks who are biting the coven pandemic, and included the was, you know, get a lot of exercise jan here. so i reckon, and here's some other treatments which is all based on common sense approach. and but this common sense it seems completely absent in canada where you come from or the united states, where the theat money mentality and the ability for some to print money. no matter how poorly they perform as politicians are, as a business people, as totally corrupted the society and the values and those societies. and it's very refreshing to be here in el salvador, where it seems like people are just willing to follow something that's more common sense to hear your thoughts. definitely,

i don't believe in forcing people to take to vaccine. and you're seeing that in canada and other countries too. and it's almost like they're trying to segment population and turn people against one another. and here you have present replacing, you know, you can get if you want, you have a choice. and in other countries, you no longer have a choice and that's just descending into this insane clown world. yeah, i think that part of it, as we're saying when you have big coin as your legal tender and the foundation of your economy, you're very excited to see where you can go with this and you want to build stuff and you don't want to get mired into site distractions that seem motivated by folks that are not really interested in seeing success and entrepreneurialism. but let's talk about the coin city for a 2nd. so bitcoin city is on the surface. anyway, an enormous lea, ambitious project, i was there at the event you are on stage with president bush kelly. he unveiled big coin city, unveiled the volcano bonds, and you are the architect of those bonds and tell us more about that going city. so

we consider, i think, is the akin to a special economic region. it's a place where you can go set up your company, live there and have 0 tax on almost everything, just the tax. so no corporate tax, payroll tax, no income tax, no capital gain tax. it's almost like paradise for before. and you pair with the big coin law. and i think you have the perfect storm, right? if you set up a special economic region like that somewhere else in the world, but it's still based in that legacy financial system, the fuel economy. i don't think it would reach level of success that because city in our software will because you have that big con component. if you look at hong kong, right, it's a major economic center. they have very federal taxation. it's very open and free. but if you set up a company in hong kong, now, can you get a bank account? maybe you can't, right? it's because money has become that tool for surveillance. and the bank,

they have to comply, right? they don't want to, it's a massive cost like running an exchange in another life. i know when you have more and more compliance that increase your business operational cost. right. so for hong kong, like you can't get very count. so even if you have those favorable conditions, it doesn't matter almost, but here in our salvador would pick one city. you've got both, you have those favorable conditions for business. and you have to be coin law, which means you can have money that is just simply money, right? that's a key part of the story and i think appeals to anybody from a big corporation down to the salesperson on the street is that the transactions are without any censorship. and there's no way they can stop these transactions. and the money that you make is not going to be inflated away out of existence. exactly. and that creates, and i was on today, which is really the beginning of the big revolution here in el salvador bitcoin beach. immediately you heard the phrase, circular economy. ok. what is that?

i popularized that. ok. tell us about it. i was giving talks like maybe in 2016 and that was when the lightning network was starting to come into being right. so the network is a layer to of a coin. so liquid is one or 2 and you have lighting. but the key for lightning is it enables micro transactions buying coffee, buying producers, and your tracking transactions are free and instantaneous. so you can have a circular economy when you're transacting on the big coin main chain. you have to pay fees to the miners. sometimes the fees are low, sometimes they're higher changes based on demand. but with the network, you can have the circle economy where you can get paid and spend it all want to go . so it is circular because you're earning and spending bitcoin, you'll need to go back out. you don't need to get your paycheck in dollars by bit coin to spend a bit coin replenish your bank on holdings. you can earn bit coin and spend bitcoin without exiting and going back to that fit legacy system. and i think key here is

that remove friction. you let the coin become a currency. so anyone can earn bitcoin, received a coin, spend bitcoin, and there's 0 friction. so this gets back to, of course the scaling question that was always part of the big coin story from day one. and the scaling question. i guess it could be summed up in one phrase, can i use bitcoin to buy a cup of coffee? and that was said many, many times. and as a result there were these hard forks and these other projects that came along that claim to solve that problem. it seems however, that lightning and the introduction of lightening in the popularity of lightning as actually. busy put those side projects in the shadows. yes, those are very powerful narrative back in 201617. you know, we cannot buy coffee with the coin. bricklin is not able to be transacted as money . but if you have a block chain, you basically cannot have scale because you need to replicate every transaction and

store it in every single node. that's why you need their 2 solutions, like liquid and like lightning. all right, we're going to carry this over to a 2nd segment sampson, but for now thanks for being on kaiser part. and that's going to do it for this edition of the kaiser report with may max kaiser. stacy ever want to thank our guests and some hour block stream and infinite flate until next time bio. ah ah. now we have easy houses, heard that it was a healthy alternative to cigarettes, and do we trust tobacco companies with their message that these new products are actually going to reduce our d sugars or making the tobacco ah, we have recently, of course, are you in the united states,

talking about human rights, talking about press freedom. if you go to the top, you got a wall. so group, other words, she's got to be trusted. you, cassandra, on the one hand, we believe in press freedom, but on the other hand, we're going to exclude julian massage. and i think your property of the united states use tracy's really makes a little bit really mad about the caching. turning here in australia where people just don't understand them, right. what is started citizen, which comes down with so called enhanced interrogation techniques used by the u. s. officials were basically designed as techniques to break down the human mind. if you force a human being to stay in a certain position doesn't take very long to the pain involved to become absolutely

excruciating. but nobody lean finger on you. you are doing it to yourself. and we started adopting those techniques when i was station and mosul among them, wordpress positions sleep deprivation. inducing hypothermia is already beginning to be evidence that these old techniques are now being used on immigrants and children, whatever you do or more than comes home, nobody has been held accountable for the torture that happened in the past. the moral authority, the made america world leader sacrifice, but the shimmer of effective interrogation july, that annual festival in st. petersburg, dedicated to dostoevsky. ah, the great writer, a thinker and psychologist, people turned to his work to understand russia and russia.