effect money by humans. therefore we're going to see the hash rate always. busy go up and we're gonna see energy efficient. all was get better. that's why in the country like al salvatore, the economy is growing, is growing faster than has grown a decade. but the carbon footprint, even though their energy usage is going up, the carbon footprint going down. this is the same thing, a big coin. big coin is basically 51 percent attack on the global energy supply. it will dominate all energy globally. however, the carbon footprint of planner earth is going to go down because you're getting rid of the out money, which is a huge waste of carbon. the military industrial complex, a huge waste of carbon because bitcoin monetize was peace and love. and you, what you end up with is much more efficient economy. this has been our journey for 300000 years. we're finally getting to the point where humans are finally discovering who they are. so with the piano system based on a petro dollar, you've seen not only the extraordinary mis allocation of capital, which has caused all these boom and bust it is caused that contingent control an

air class. i'm gonna pronounce it not in the french way because i'm not french, i'm american. so i'm going to say can't chilion air, right? oh, sake of all, i'm not going to say can called t no, no, no, no, the separable. so the fact is the mis allocation of capital and the missed opportunities, right? so bitcoin as you see it own it, it basically captures stranded energy stranded opportunity, stranded wealth, that stranded human resources around the world. and it's, it's a redistribution of opportunity and you know, potential for wealth. so jamie, a lot about this article relating to costa rica using the hydro electric. i don't get alarmed if you hear dogs or something in the background because that's a natural thing that you happened to here in a coastal town like this in el salvador. i know some people might get scared if they hear like roosters and cows and dogs, but don't worry. but james la upset about this costa rica story big coins. hash

rate will continue growing as more and more energy producers realised that the at work is a perfectly predictable energy buyer of last resort. right there, but coined energy usage is in the se, shareable. there will never ever be a time when the big coin that works by looking for more energy and it'll starved of energy, things like via body. it will also start of energy, things like gold. i think people are just going to walk away from gold mining and they're going to use that energy to mind bitcoin. and that's how you get d monetization of gold. also, all of the many, many thousands of all coins out there will simply wither away and die because that one's going to spend any energy on those coins. people always talk about the market capitalization and compare them between these coins. if you look at the hash rate and the energy usage, there's big coin with over 90 percent of the energy usage and everything else is struggling to stay alive. so from that,

we're gonna move on to what the queen is doing on the nation state level. again, kaiser report was the 1st to tell you about this. and you could have tuned in to the mainstream media and bed. look at the last 10 years, the content. you can find that on youtube and compare us to them to look what we were saying about bitcoin. back in 2011, 12131415161718. 19. and then, you know, they started to cover it in 2020. let's see like what our conversation said versus what there is. and what they were warning you about about bic when they were saying bad things about bitcoin. back in 201415161718. 19. while we were telling you that it would be a game theory would go up to the nation state level and drive nation states to want to not only mind bitcoin, but accumulate bitcoin. el salvador is the 1st to do that, and here is what fidelity bank, one of the largest asset managers in the world is not publicly listed. so maybe it doesn't get as much attention and the ceo doesn't often go on. there's mainstream

media shows, but the fact is they're massive of bitcoin. i, you know, miners, and they've done a lot of research on bitcoin. and this is what they say about bitcoin, driven by, i think, what al, salvador said, we also think that there is a very high stakes game theory at play here. whereby is bitcoin adoption increase? is that countries that secure some big coin today will be better off competitive lee, then they are peers. therefore, even if other countries do not believe in the investment thesis or adoption of bitcoin, they will be forced to acquire some as a form of insurance. in other words, a small cost can be paid today as a hedge compared to a potentially much larger cost years in the future. we therefore wouldn't be

surprised to see other sovereign nation states acquire bitcoin in 2022 and perhaps even see a central bank make an acquisition. right. exactly. as we said 2 years ago, we call the global half war or a global half race. the game theoretical aspects of big coin would reach the nation, the state level. this was another huge fundamental reason to own big coin when at that time it was under 2000 a coin. of course we started talking about the coin. it was a dollar. but even a couple, 3 years ago, what got down to the low of 300-4000 coin. we were saying global hash wars coming. it's like the sputnik moment when the russia put up those put mix satellite america, enter the space race g 7 countries gonna enter could be my states could be another g 7 country. they will start to do it. i'll salvador, did el salvador got the 1st mover advantage. countries in this region will take brick coin on as legal center around the world. the number goes

a lot higher. right. and about this statement from fidelity and in relation to el salvador. this is what i tweeted, i'm being self referential here. but as my show and max's, we can do what we want. fidelity is one of the biggest asset managers in the world . they see what idiots fail to understand. first, mover advantage goes to el salvador game over for fee at game on for bitcoin, and i have a little will quino, emoji, and in el salvador flag. right, and you know, i laugh when i see big coin ours, who by the flood of all the usual suspects, slinging mud, that al salvador, for whatever reasons. and he get a few bitcoin is chimed in like, oh look lot you see that there's a problem there. if, if you believe that you're not a bitcoin or ok, do you think that then go play in the old phone market,

go play with the theory and go play with those coin. ok? you don't understand bitcoin simple as that. it coin fixes everything and it, that's the thing is if you've got big queen then it's, it's whatever your problems might be. it's going to be fixed real soon. it might not happen today might not happen tomorrow, but it will happen soon enough. certainly relative to other nations as fidelity, is even pointing out that all of the nations are going to have to accumulate bitcoin in some way as either today. while that the ability to hedge is not only easier. there's some liquidity and availability of, of coins at this price, but you'll have to do it either today when you can do it for a cheap price or to morrow. when you have to do it very expensive price. and alex glad seen, tweeted about the fidelity report. i agree with fidelity, of course, but still astonishing to read this on big coin adoption game theory and such

a mainstream financial report. just look at kaiser port going back 10 years. i kind of guy the did all in a series called to the moon, and this is what we talked about for years and years and years, not just 2 years ago. we talked about it 5 years ago. we have a clips from 7 years ago where max is talking about the game theory built into the big protocol that it would draw in, not only the best mines in the individual sector, but then the corporate sector. and of course, the corporate sector came along 2 years ago with michael sailor. and he brought in the likes of pol, tutor, jones, and sandrock miller, all the best hedge funds in the world, all the best financial mines. and now we have no jeep come. we kelly of el salvador was the 1st leader to get bitcoin and he's brought bitcoin to this nation. he's inspiring other nation states to do the same. they are looking at it, they need to get the game theory means that they all will do it. now they have to do it. so who is the next one will find out soon, but every single country will have to accumulate the coin and fidelity agrees with

us. yeah, i'm surprised out. gladstone is surprised. you know, he's a great writer and but he has described brick coins, entrance into some countries as a trojan horse. but i would compare more to lady godiva. bitcoin is open source, it goes naked, open source, right through the front door. no trojan horse necessary. the people who are buying into it know exactly what they're doing. we know exactly what we're doing and we know exactly what we've been saying. and we know exactly what's going to be happening. perfect money triumphs over all golden for your money and all coins full stop. just get it through your nut. right, and we, we do also know what we're doing. we're having an event, a live event here in l. zante bitcoin beach lawn, liberty, todd in el salvador on february 11th. and the thing is, i have to say, you know, as fidelity is pointing out, everybody's going to need to get a coin. so there are so many impostors of the 2 of us,

but especially max guys are right now, including on instagram, it goes by max kaiser official. it's not max, but they are, they have tens of thousands of dollars and they're defrauding everybody. so whatever you do, don't pay for any tickets to public events with us and because they're free and just be careful out there on social media because everybody wants their big coin, don't give it to them for free. good advice. well, we're going to take a break. going to come back, watch, mark coming your way with ah, ah, ah, ah, ah,

in a to 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 on often very dramatic development only personally and getting to resist. i don't see how that strategy will be successfully, very critical time. time to sit down and talk for is your media a reflection of reality in the world transformed what will make you feel safer?

isolation for community. are you going the right way or are you being led to so direct. what is true? what is great? in the world corrupted, you need to descend or remain in the shallows. ah yes me idea. look receive that will at least the typical there is only 9, but already a university. students that away man rational a, don't the kids to seems a new, modest appointment. let's see. yep. you've got the glass. there's doors to deal with the get it. and i am noble, choose a pepsi could i think yes. so the loss of

his mother, he just wanted younger terms, but he may come from no recalls, and he needs a new stone. now, bush night new passcode, and of course with level you're special. i was the yeah my i had not forced to get what the plan was to get up to him was in your mind shifting the something that it was 50 that he was a journalist with m. who ah, welcome back to the kaiser record,

i max kaiser time now to return to our conversation with alex mccloud of gold money dot com. welcome back lobby. nice to be with, you know, out there. there's one company in england that i always am fascinated by. that's the rolls royce, jet engine company. they make the most sophisticated manufacturing product in the world, i think in a 70000 parts. and it seems like a microcosm maybe to discuss what's happening around the world. so is this company able to function tier knowledge, given supply chain issues and also and disruptions in the travel and leisure industry. but you know, i think it's good proxy. maybe i'm just guessing here. i thought of this just 20 seconds ago. but curious what your thoughts are. well, it's, it's interesting because i think a company like rolls royce has to carry a very good stock of spare parts. so i mean, they don't necessarily have quite the same problem as the just in time. most manufacturer, it seems to me to be pretty well run company they, they have to be,

i mean the technology because they're just engines, you know, like wiki has got to be really the best. so. yeah, i think they're ok. i mean interestingly, i thought you might pick up on the, on the other story, which is the other rolls royce, which now and that's log in. i think the folks fall demands that they were having a record. yeah. selling very, very expensive motors. apparently. people in lockdown, they haven't been traveling, they've been spending money on extremely fancy, both cost anyway. that's been very well. i will pick up on that. thank you. i think it's very interesting because it does show during this lockdown period, an incredible redistribution of wealth to the top. so the central banks have been fighting, quote, unquote, coven pandemic crisis with money printing. but as always, al serra distribution of that money never seems to get to where it's supposed to be going. it seems to get choked and cut off and aggregates in the hands of the people

who are responsible to do the distribution. and they have gotten fabulously right, we've got, since the crisis began now several decor, billionaires, $100000000000.00 net worth or more, there's room, or that we may see the 1st trillion air. what about this problem that central banks and the economy? have they state that they are looking to stimulate by printing, but the money 1000 and get distributed? it just gets sits on the balance sheet of the same people and they go on by rolls royce motor cars and half a 1000000 or $5000000.00. a clip and it just goes on and on. yeah, i mean it and it inflate stock prices. it inflates everything except as you rightly point out, you know, the poor guy on main street who is trying to work for living. he misses out on this to pre k and weston that he finds that the purchasing power is wages is going down relative to prices. so yeah, i mean it's, it's, it's, it's,

this transfer of wealth is not an even thing until the people who know how to benefit from is really to make a rich. and, you know, when you look back, what happened in germany, 923. there's a chap called hugo stennis who is known as the inflation king. he made an absolute auction out of inflation and that is what the rich basically do. post tennis died later on the operating table. unfortunately, i didn't get to draw it as well for too long, but yeah, i mean, the point you make is absolutely right. and we've seen it time and time again in the history of fit money inflation, right? it's called a speculative attack against a central bank, and we have going on right now. we have michael salary micro strategy who is borrowing effectively and 0 and buying bitcoin, which is a perfect inflation has. and he's made billions of dollars and less than 24 months . simply gaming the system and gaming the central banks. but let's talk a little bit more about car since are on cars used. car prices are up 37 percent

last year. you know, i think about that famous show full and horses. what's the name of the show? i always forget only fools and horses early too. and there's the character of del boy, you know, in this environment dell boy would be a multi millionaire ouster. yeah, i'm not quite sure. the 2nd hand car price story embrace is prolong robbins, which are, you know, for those who don't know of a sort of pretty old fashioned 3 wheeler, which i wouldn't recommend to anyone. yeah, i think i think it, peter sellers drove that in some of the pink panther movies. but anyway, let's move on. i digress. let's talk about gold for a 2nd. so everything's going up. aluminum. copper chin, old lego toys used cars, grandmas, all you know, tupperware set everything, everything's going up out there except gold. gold is actually going down. and this

of course is a perennial question. what so why, why, why, what's wrong with the gold? apparently the basil requirements which are changing maybe this will give us some hope ouster. they're going to is this going to break the lid on goal? give us something to be helpful for ouster this. i mean, when it comes to the basel train that stable funding ratio regulations, the banks don't actually have to comply with it. it's just that if they ignore it, then that balance sheet is less efficient if you like. and you know, they make returns, obviously to the regulations and i think the answer is that there's no pressure for them to immediately comply with. with these, i mean, well, let the risk pressure to comply, they have to comply. but what i mean is they don't need to cut their positions immediately, saying they will reduce i think over time bumps the thing that's going to drive go,

i think is something which nobody is ready looking at the moment. and that's is that, you know, we've got a, if you like an inflation crisis developing. so people don't think it really is. yes, an inflation crisis. they say ok, it's going up and they probably believe of the central bank because the saying about it being, you know, this is a temporary thing, crowns, and i think it's the press. i mean, it's going to, it's going to become a lot more obvious what's going on. i think in the 1st months of this year. and i think the other thing is that, you know, people who would normally hedge against this thing and sort of think, you know what, all this money printing is not going to be a good thing in the long run. i mean, they don't bitcoin their, into the crypt occurrences. so the speculative, if it's all the investment money, which would go into gold in the stages. i think it's probably gone into, into crypto currency. so it's a number of factors, but we'll catch up and i think when it does, it could well do it with a bit of a bang. and of course the other thing is that. 3 we've got so many derivatives,

i mean the derivative mark is basically, you can expand a contract, do what you want with this and use that as a means. the price control not basically is smotts has been happening, russia and china. i've been buying gold for years. big buyers of gold, they have kind of a rush of kind of pull back, and i really not buying that much gold anymore. i'm or i don't know what the story is with china and meanwhile you've got some looks like a new cold war. heating up with russia, the u. s. a lot of saber rattling there. and then it would that help goal think? well, i think that it could come a point where, where it does a bit. but i would say that the problem is, is, is a monetary and currency one. i mean, i think actually put it in context. my colleague james took published a book from earlier this. yeah, called money and literacy,

which actually describes what money is, what currency is more credited, and it's absolutely clear that money throughout history is always been go, metallic money go down. so, and if i'm to say something about, so i mean with all this because they're trying to get away from fossil fuels and all the rest of it, i would have thought silver is gonna fantastic industrial potential on top of it. so monetary quality. so that's something which perhaps people to look at. but i think the other thing max is, it's a good price runs way and everybody's got time to sort of jump down on things i buy . by which i mean the politicians. there is the risk that they might try and stop aubrey. people buying gold, we can never forget what roosevelt did in 1033. this is the sort of thing politicians in desperation do. so i want to rule out this sort of tussle. it's going to be a very interesting and potentially difficult. yeah. but i think anyone who hasn't got physical girls and i don't mean paper go is going to be the physical. i think i

could find that they just can't get it at some stage. yeah, we have james park on recently talking about a new book. he claims you saw you on barrick street in london trying to sell your goal for some beanie babies. is that true? i'm afraid it's just a thank you for putting that to rest. all righty. so let's, let's continue on. i guess we have to visit the obligatory geopolitical question of rising tensions with the super powers. i mean, let me ask you this. it seems that you know, somebody with famous one said that train war late the currency war leads to hot, warm. and are we on the edge now of things getting a little hotter? well, yes, we are probably not quite in the way in which it appears at the moment. i think the sort of that chain of events that you describe, you know, the current, say boy,

leading to a war, a rest of it. i think i would see the potential for civil strife within the european union because i think that the euro will destroy it. so i think the c, b is destroy the euro. and then you've got, you know, your germany in one side along with the netherlands and fin the luxembourg and the other side you got france who are in pretty bad shape as a death wise and also the pigs. and so i think the going to be a big, big split and that i think is going to be a problem when it comes to the relationship between russia and america. obviously, you know, the ukraine, i don't think russia wants to invade ukraine. i think what russia wants is a proper buffer between it and they said, and that's really what president bush is angling at. and i don't think the americans being very constructive in this problem. i think also is

that europe in, in the middle and europe is so badly led. i just, you know, i mean, you don't know who the hell to talk to. if you talk to new german chancellor or do you talk to micro or who probably be out of office anyway fairly and it's, it is very, very difficult to know who to talk to. but what it means from the, from russia's point of view, is that this is a divided block and he can benefit from that. so russia, i think, is likely to get closer and closer to your, your zone if you like, as a matter of policy and drive away between europe and america so that i certainly see main, mont, america, and various others have been trying to step things up in covent storm, i understand there's a huge number of n g as in catholics time is quite, quite a strawberry. and that has jumped on very, very quickly. and that to me,

if you like, is the new sort of thing that happens having withdrawn from afghanistan. so this is, i mean there's quite a lot, i think, happening under the hood as it were, but nothing the moment is getting out of control, right? imagine the russia 6 buffer between itself and made out that's an eminently reasonable position. one that i think should be looked at by both sides of the atlantic before we go, we've got about 20 seconds. last, i gotta ask you just a quick, you know, betting question. since i know you read love to make their bets on 6 months time. well, bars johnson still have a job. yes or no over number 10, downing street. i don't know. chelsea pulling out. there you go. well al serra cloud thanks so much for being on kaiser report. my pleasure. max . okay, and that is going to do it for this edition of kaiser report with may max guys are in stacy, herbert like to thank our gas out from

a cloud of gold money dot com until next time via the me ah ah, ah, a a ah, with join

me every 1st bit on the alex simon. sure. well obviously you the guess on the world politics? small business. i'm sure business. i'll see you then. mm . so what we've got to do is identify the threats that we have. it's crazy, even foundation, let it be an arms race, movies on, often very dramatic development. only personally, i'm going to resist. i don't see how that strategy will be successfully, very critical time. time to sit down and talk the so called enhance 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 slain finger on you. you are doing it to yourself. we started adopting those techniques when i was station in mosul, among them wordpress positions, sleep deprivation, and type of thermo. there's already beginning to be evidence that these old techniques are now being used on immigrants and children, whatever you do or more me comes home. nobody has been held accountable for the torture that happened in the past and the moral authority, the made america leader sucker fudged the shimmer of effective interrogation. with

toys this are criminal negligence, that sy rushes foreign ministries, describing the work of some western journalists seeking to mislead the public into believing russia wants to invite you crying, despite continuous denials, from officials in most i'm while all sides are calling for the escalation. some native member states are sending this out and other weapons to cray. you came this, the arms are only for defensive purposes and posed no threat to russia. didn't you promise? good, i have probably, you know, perform. would anybody? what would happen on the u. s. president joe biden says his job performance so far has been stella, but the latest postings beg to differ. we examine the ups and downs that his 1st year in office.