it in moving to el salvador coming here. well, those from the old system, the legacy system from the fia system are not happy with that. yeah, it's the opposite of an economic hit man. you know, you can, i'm a kid, man or low to country up one debt. for a spread coin is equity, it's the opposite of debt. this is an equity for debt swap. and those who are critical of big coin siding the economic good man as prescribed by john perkins in his famous book, confessions of an economic good man are i would say being intellectually dishonest and or lazy. so you mentioned that you can make a hit man by john perkins. he has been on this program is a friend of the show. he's a friend of ours. so i did it once. we were called economic hitman. i was just totally shocked because of course it's not even possible with bitcoin, right? you can't load a nation up with bit camine and there and, you know,

take their assets as a swab. that doesn't happen as you mentioned as equity. so i want to read you a, a comment in made in 2015 from john perkins. what he describes economic hit men as max. he says basically, what economic hit men are trained to do is to build up the american empire to create situations where as many resources as possible flow into this country. meaning the united states to our corporations, meaning like united fruit company and our government. and in fact, we've been very successful. so think of what you've seen out of el salvador for the past 100 years max. you've seen the resources of this country, coffee, cocoa, all sorts of stuff. agricultural products, leave this country, go to america,

and the capital, leave this country. and importantly, human capital people, the individuals, the 3000000 salvadorans who left over the past 40 years from this nation to the united states. that's exactly what you would see. those are, those are the symptoms of being hit by an economic hit man. the opposite would be if you see people drawn to your country, people from around the world moving to your country that we suggest the opposite is happening, that you're not the subject of an economic member. in fact, you're, there's something different. yeah, it's the complete opposite using fia money, like the us dollar and using debt. us dollar based debt is extractive. a big coin is a creative. again, it's the complete opposite of what is the definition of an economic kid man by the guy who coined that phrase and those who use this to disparage big coin earth and

al salvatore. again, they are just grasping at straws. they are trying to grab headlines, they're not doing any kind of analysis or thinking about what they're saying. and though as is the case in the united states, those who are public intellectuals of al salvatore will go the way of not seem to lab or neural rubini. are paul chronic men in the united states, they will be disgraced, they will be mocked. bitcoin will reveal them to be charlatans. it will happen in every country all over the world. yes, that's quite important to remember that this woman who called us economic hitman is just part of a global class of whether it's cloud schwab or is carson's from an existing car stance from the bank of international settlements, or j pal, or janet yellen, or wherever they are yeah, christy legard, there's

a universal keynesian there is a universal can tellin class county on class. so this is within the parameters of what has come before and she's part of that class . but in terms of like what we have seen here, where on the beach, you'll see this all sorts of these action. you'll hear beach action, you'll hear some leg margarita, sort of mixes, blending happening in the background. and there are some waves and you'll hear some people surfing shouting in the background. but over in that theat world, max, we've had a huge sort of rupture is happening and movements happening in the bond market. the most important market in the world. and we saw one of the worst weeks in 506070 years happen. and on top of that, we saw in the news bill miller, one of the top, the 1000000000 our hedge fund managers in the world. so here's a quo, and this is from bitcoin magazine tweeted out this link to

a interview that bill miller, who is considered an invest thing. legend bic, where magazine tweeted about his appearance on cnbc, and way he said was a big coin has gone from 0 to 57000 dollars and 10 years. why would i own gold? so to those to say like peter ship, who says that gold will somehow, you know, survive while it was bitcoin, that with fail investing lead to bill miller told cnbc that and pointed out the obvious that in fact the gold has lost for the last 10 years. that big win is one for the last 10 years, and he expects them to win. that big win will continue to win for the next 10 years . that's why half of his portfolio is a multi $1000000000.00 portfolio. that that portfolio will continue to be at least 50 percent bitcoin, not gold. he owns no gold. right? well in terms of the bond market, the path of the 10 year bond yielding less than one half of one percent i

think is uninterrupted. as we see, quantitative easing and money printing and everything associated with that will continue despite all the talk of taper. because of course, you can't taper upon the scheme. bill miller is a huge money managing talent. and so for decades of contemporary of warren buffett . he's got a 50 percent possession and big coin, and he's outperforming his peers lie substantial margin. and he makes the case that big coin is de monetizing goal. why would i on goal is done nothing for 10 years. big coin as paul did, or john says describe that is the fastest source on the race. and so that's the thing about money management you've got to perform at the end of the year. at the end of the 10 years, you've got to show positive numbers. and you can allow yourself to be taken the way into fantasy land by what you want to be the story. you've gotta respond to. what

is the story and the story is that big coin is de monetize. in gold and professional money managers and sovereigns around the world and sovereign wall funds and individuals are recognizing that and they're putting capital out of other vehicles and they're putting it into bitcoin. and the game theory behind that is, of course, once we saw that on the individual level, now that the nation state that is el salvador has adopted bit queen as legal tender . what you've seen is now there's going to be a race for a nation states to get in on a big coin. we saw miko sailor dr. that in the corporate, a treasury level. now we're starting to see it on the nation state level. argentina is now. you know, lightening strike dealt with jack mahler's. that was the 1st step here in el salvador. it was soon after jack mahler's and lightning came here. and, and strike came here, that we saw the i,

my law adopted here. absolutely. the jack milers and the, the strike app built on the lightning network is, are the ground troops that arrived in the country. they do better reconnaissance. they see the population with bitcoin and lightning. and then before, you know, at the sovereign wall, make a big coin, legal standard, whether it's an argentine or some other country in this region. it doesn't really matter. as you point out, the game theory is in play, and we'll see several countries in this region adopted coin as legal tender. we're going to see in africa. and we're going to stay at around the world. or the, the interesting thing that i just realized as because we had spoken about gold and that bill miller mentioned that he's glad he didn't own gold over the last 10 years . that in fact, it was a big coin that has outperformed it, is up tens of thousands of percent in the past 10 years. but the interesting thing is, in terms of the game theory, is that so the u. s. dollar and many gold buds, what they argue is that the us treasury, the u. s. fed,

they're the ones that manipulate the gold price downing and suppress it. interestingly that, and it kind of led to the d, monetization of gold upon which u. s. treasury's and the whole u. s. financial system is actually ultimately based. so they're the ones that actually ultimately destroyed the foundation upon which their own financial system was based by suppressing the price signal. right? had the central banks not surprised the price of gold for these past 10 to 20 years and galled were allowed to trade freely at the $70000.00. brown's level where a would be without the manipulation bitcoin would have a tougher time establishing itself as a world reserve currency. but because gold is so easy to suppress and it's the plaything of the central banks. big quite gave the room for big coin to come and put the central banks completely out of business. answer me demonetized gold? actually i think it would have been both would have been de monetized, but it just accelerated hyper quantization and made it

a parabolic move that was but it brought brought the hockey stick forward as it were. you know, rather than wait another 1020 years, who knows how long it would take, it would have it. it was inevitable i was going to happen regardless. so i think though that this impression of the price of gold, if that's what happened and that does seem to be part of what happens, but nevertheless like that the ultimate underlying foundation of the past 5000 years is gold. that's why central bank sees it over the past few 100 years. that's why they still hold it is because that's what underlying it, that is the foundation upon which the fios system is built. so it makes sense that they kind of destroyed their own pyramid scheme for a while. what the god bugs fail to understand is that the coin does everything gold does and does some things that gold can't do and it spreads via the network. in fact, the exponential graph that you would find in the technology product like a messaging app. and you put those 2 together and it's from boston,

and it's explosive and it's transforming countries like el salvador and transforming the globe. and that's gonna really pick up in 2022 more countries will adopt it. and i think the prices bottom down for the short term, and we're gonna see much higher prices. and more importantly, the hash rate is going to continue to explode. we're going to take a break, and when we come back, much more coming your way with ah, ah, ah ah ah, ah,

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buy the upper offer pretty weaker. clear from a brochure project new start the new bruise . ah welcome back to the kaiser report. i matched azure time. that's a returned or a conversation with sampson. now block stream, an infinite fleet, samson, a welcome back. thank you max chris, be here again. all righty now i want to pick up on some ideas that we were talking about. in our 1st segment. we're talking about big coin. we're talking about al salvador, bitcoin beach and al zante and the circular economy. and you were talking about the circular economy in a way that was actually kind of bashed to me because when i think about the circular economy, i say, oh,

the professor teller is making big point. it's hard money. she in turn, start spending it at some other shop and then there's a multiplicity effect if you will, from classical economics. but what you're saying is actually quite different. so at the lightning network, because it's a 2 way channel. there's a lot going on there. and i think that this point needs some attention, so get, again, can't get into it a little bit what you're talking about there, where it's, so the blade in it work is based on channels. you know, i open a channel to you, but you can also wrote payments to other people. so it's kind of this network of channels that everyone is sending through and pushing through. so if i'm connected to you and you're connected to someone else like stacy, then i can route a payment to stacey through you. and is this kind of a network effect. it allows you to achieve this kind of new global payment system. now when i have a channel, i have the coin kind of in reserve. yes. right. so it's like to be quite crude

about it. it's like napster or a bit torrent where you've got a hard drive full of stuff and then you connect to the network and people are essentially drawing on your hard drive of stuff. so you've, i've got big coin. i'm now in the lightning network. i open a channel and people i'm, i'm putting my big coin elbows are available to the ecosystem of what's going on. and for that i can earn, submit some income, right? yes, is eroding, then you can earn some fees, right? for a routing transaction. so you, people actually set up their own lightning nodes and their earning money from routing payments, right? but i would say it's more like sticking you have some because you lock it up into a channel and then now you can transact. and at the end of day when you're done, you can settle back out to the main chain of the coin. right? so the, at the end of the day, it's essentially a subtle, like, like on wall street, the training all day long. and then at the end of the day after to settle all these traits, a settlement layer. and so that happens then on the main chain, correct?

all the other subtle, all the other transactions are lighting. they're not happening on the main chain. so you avoid that is any avoid the need for the various confirmations, etc. as or is that how big is lighting now? 3000 something. the coin in the network. brandon in liquid we're, we're, we're similar. i think we're a little bit bigger than lightning. but you can see that there's a lot of utility to be gained through these 2nd layer between protocols. because lading allows for micro payments and for liquid is for traders that want to move large amounts of a coin between different exchanges. as well as other assets to so we're building a lot of interesting things on bitcoin that will make it replace the legacy financial system break. i guess i'm going to have to talk about infinite fleet because it is a fascinating project. it's one of your projects and it's kind of like next jan if you will, next generation tokens, if you will. so give it a little thumbnail sketch on, on the infinite fleet because i think this is

a very exciting project. all right, so infinite fleet is a sy fy m m o game. and m m o is m o is a more t massively multiplayer online strategy game. right? so you got a lot of people on the, on playing this game simultaneously. yes. right. so the interesting thing about the fleet is the game currency is a token on the liquid network. so if you much of world war cost, you have warlord cross gold, you can keep it on your account, you can't really move it around. but with infinite phase currency, it's game currency. it's freely transact a ball outside of the game. so it adds a new dimension to it. and the spaceships in infinite fleet are also in f t s. so you can do what we call atomic swaps. so you can trade the game currency for a game item atomically, which means that happens either all at once or not at all. so you don't have the possibility of someone scamming. you just spelt all and back one. yeah, it's built on liquid which is a frequency chain, so it's all be coin technology down. right. and so with this has been up for

a while. i am full disclosure. i've made a, a small investment in this company. what is the, what's been going on? so far you and alpha and beta r u v one, where are we? we're in alpha now. people already buying ships and playing their game. we're going to beta in to, to this year. so very soon in june, that's our target. the team is crunching, going full steam ahead, aiming to hit our goals, but beta will open up to a bigger player base. but the cool thing is, we're really seeing people buying our ships. i think in the last quarter we've done 200, something 1000 in sales and the ships are not yet in f t. so as the, the company we can issue then at ease. so we see that people are buying the ships just to play the game. they're not speculating on an f t craze as with a lot of other projects out there. yeah, it's an interesting period that you've got the big coin as the foundation layer. you've got liquid, which is a federated side chain, essentially as you describe it. and now you've got this economy, the science fiction economy kind of coming out of all of this. and anyway,

i think for people to take a look at it because it is quite fast and getting back to the big coin world. let's talk about some flood. you know, people like to throw mud and fired at big coin, where are we on the big coin uses too much energy 5 or what's happening on that? what's our counter point to this, sheila staying down, but then it clears up again every so often, like someone will say something like the queen uses too much energy. but as we know, it's patently false between uses maybe point 5 percent of global energy consumption, which has minuscule. and the comparison that they make is very lazy, is that they can use it as much energy as a small country. but you take anything washing machine close dryer, christmas lights, those all use as much energy as a small country. so it's a very lazy argument. i mean, i, i like that some work on the sand is actually something like, i'm maybe going to mess up my numbers. but

a huge preponderance of energy usage is just wasted energy. right? so energy that you transmit energy. now a lot of it's lost, right? it's not something that travels a well and with big coin, because you can actually go to the source of the energy and do bitcoin mining. yes, you're, you're finding what's called stranded energy. perfect case being el salvador. you've got these volcanoes, you've got geothermal energy, they're going to simply tap into that to my big coin. and that was energy that was just going to go to waste. yeah. i think the root of it is people don't value bitcoin, so they like to critique the energy consumption of bit coin. but i think for a $11020.00 term what hours a year. you pick any other thing like gold mining, that's more than a 130 feet money system. you know, h t m is banks, lights, data centers, that's more as well. i think maybe 140 hours a year and always on devices which what you're referring to like, you know, amazon,

alexis and things like that. they're just waiting for your commands. those things are like 200 here. what hours of power a year. so the coin is nothing. and as you saying, we can tap into great sources and energy. we can tap into volcanoes, we can get geothermal, energy and mine bitcoin. go to where the energy is. we don't need to transmit. and that's the difference that the coin has. we can go to that strain, energy tap into it, converted to bitcoin, and in the case of our solar, bring prosperity to the nation. or a, and my understanding is that in el salvador, their energy usage is going to go up as the economy grows and their carbon footprint is going to go down. right. so why wouldn't the green lobby like that? i have no answer to that question. i think a lot of these lobbies have their own agenda. perhaps they want wind farms or they want solar farms. but you know, technically if you want korean energy,

you should be looking to get nuclear energy. nuclear energy is like energy from god literally. right? you're splitting the atom to get energy, and it is renewable. so, if you're lobbying for green energy, you should be lobbying for nuclear power. i'm hearing rumors that one of the big mining assets publicly traded mining efforts, is going to buy a atomic nuclear energy facility. i think the mining industry and the energy industry are going to merge effectively, coin minors like bloodstream as of a coin minor. i think in a few years time, maybe 5 years, 10 years, we will have our own energy production plants. we'll have our nuclear plants, hydro dams, everything that is going to become one single industry. well that can have a theory. you know, i said for a while now that's actually a big claim. is a 51 percent attack on global energy. we think about that. definitely is possible, like it makes sense for energy production companies or utilities to main bitcoin

because it helps you even out the grid. you can mind coin when you have access and if it's your own operation, you can shut it off. if there is an emergency like in texas, right, they are not, didn't have the power and the people are freezing. so you can shut it off at that point and just able he taping on the stair at all. but that i am introducing her. and is it therefore can one say that one of the problems with the ab money or gold, or the is plethora of all coins, is simply that big coin is going to poach their energy. and that people are not going to want to spend any energy on fear, money, or gold or all kinds. because big coin is such an obvious, superior use of the energy as a value keeps going higher, that they'll just be starved of energy. ultimately, dear thought, i think so. i think it is makes sense to mind the coin you want to mind the best

asset and you want to keep the best facet. sometimes you can make a profit mining all coins, but i would say if you're setting up a mining operation, it's a singular focus would be the most efficient operation. and that's why perhaps many of those all coins are china go to proof of state because they know they're going to be starting the energy later on down the road. bright at that, that is you think that could be, i mean i c k, the biggest all coin out there would be the syrian project and they're moving to proof of stake. yeah. and, and that then you're thinking is that because they simply understand that at some point, no one's going to spend the energy on that because there's no point to it. there's no utility value at all. and it's kind of a failed project in many ways. what, what do you say to somebody who say, what's the problem with the theory him? because i a reason i'm asking you, this is ask you this question 2 years ago and he very quickly knocked it down. what? give me the 34 bullet points. why a theory is no good. i'll stick with one if the room is centralized. so it is

pointless to minus 3. hm. it is run on amazon servers through inferior and is controlled by a small group of people which are trying to make it into prove state because then they're stick will allow them to governed the network. so it's centrally controlled . that's why there's no point. people are angry about enough tease, wasting money in luck, all that because love empty entities are on a theorem. and it does not. expense is put into a database. and let's tell the control it. yeah, exactly. the energy precisely. well, sampson, thanks so much bring on cars report. thank you max, and that's going to do if this edition of the kaiser report was may max kaiser and stacy herbert want to thank our guests and some out of blocks payment incidents late until next time. by y'all, ah ah, now we have e cigarettes, i just heard that it was a healthy alternative to cigarettes. do we trust tobacco companies with their

message that these new products are actually going to reduce these shared words or making the tobacco have been to over 2 years? ah, we had recently, of course, or the un, sorry, did the united states talking about shaman rice talking about press freedom. if you gonna talk the tool, you gotta walk the walk. in other words, she's got to be consistent. you cast out on the one hand we believe in press freedom, but on the other hand, we're going to exclude julia massage. and i think the hypocrisy of the united states is tracy's really makes it a little bit really mad about the caching. turning here in australia where people just don't understand them, right. what is the starting citizen which comes down with

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breaking news on our see this, our a suspected government who has taken people hostage at the synagogue in u. s. state of texas releases one person according to official media reports. i think police sources say that the hostage take it may be motivated to free a pakistani prisoner building counter terrorism circles. as lady al qaeda family though, denied any links to the attacker. moscow, slums, washington alleging the bushes, preparing a false like operation to justify supposed that ukraine invasion plans are guess size of the chances of a military conflict need. so and so coming we're always going to week detention we have here. you credit the plan to miss out 5 minutes from.