everybody knows that if you move your weapons, your tanks on your soldiers, closer and closer and closer to the russian ball. dar, any russian government was of it. so would have to take action to stop it. they don't have russia, you know, i made this point year before they had put in russia, because putin has dragged russia up from the floor where it was lying, having its pockets picked and restored prestige and respect, self respect to russia. that's not the kind of russia they want. george galloway, r t host and for my member of the british parliament joining us live here on archie . that's an enlightening conversation. thank you very much. thank you. thank you for joining us. there were no change or national for your program live for moscow. i'm going to step aside now and my colleague unit and he'll be here at the desk and a half an hour time taking you into the late night hours here at moscow with more of your why

the ah hi max kaiser. welcome to the kaiser report, hours in l zante el salvador, bitcoin beach hyper bitcoin, a zation. the countries made bitcoin legal tender. it's one of the fastest growing countries in the world now. and things happen in a good way when you go all the way bitcoin. right, we see hyper between ization here in fact, at this hotel right over across the street, we see they're offering a 75 percent discount for anybody who buys their coffee using bitcoin. and we saw recently for the whole central american region, the 5 nations of central america of trade block there. what we saw is that in the

past year there tourism numbers are up 5 percent. whereas all the other countries are down close to like 40 percent in terms of the traffic numbers. so it's sucking in the talent, the tourist and the trade right down tourist and trade. the 3 teams are gonna contribute to record breaking growth again next year. as i think you'll see, we, i know for a fact we'll see more countries adopting because his legal tender. right. and of course, one thing you also see in terms of discounts is massive discount happening in the stock market as we see a lot of volatility there. and one sector that we have seen a big crash is in the kind of fraud market. max might have been warning you here. oh, i think we started 2 years ago when the host back boom started when we're going to

get into what us back is. but when we said that these were, would all go to 0. well, they're getting closer to their some of them are, they're down over 50 percent on average. some of them are down up to a 607080 percent. so the hair line in the wall street journal reads this back ship is sinking. investors want their money back? one of the pandemic hardest trades as cooling down. as the hype surrounding a blank check, companies gives way to reality. i'll read the introduction to what a spac is just so you know, as we get into this discussion specs, sometimes called blank check. firms begin as shell companies. they raise money from investors, then less than a stock exchange. their sole purpose is to hunt for a private company to merge with and take public because the company going public is merging with an existing publicly traded entity. it can make business projections

and skirt some of the other regulations associated with i. p o's, after regulators approve the deal, the company going public replaced as the spac in the stock market. so when their special purpose acquisition corp horseback phenomenon came near, started roughly 22 years ago. as we reported the blank check, or money raises blank check companies. it's, it's not new. it was prevalent in the 1920s alert to the crash of 1929. if sir, as we often say in the show, there are the various frauds on wall street are limited. there's only maybe 4 or 5 basic frauds are the blank check companies, one of them, it comes back every few years and it's brandon slightly differently and it's a different cast of characters. but the basic fraud, the basic basil is the same and the result is on a percent guaranteed to be the same. all of these bags are worthless and we told

you that 2 and half years ago, right. of course, the famous british artist hogarth, also a did a lot of etchings down in the city of london during the south sea bubble. and you see there's a one famous one, there with a guy with a broker. as back of that age, in outside with a billboard saying, you know, we invest in my company, it's a blank check company. essentially. we're still, once we get the money, we'll figure out what we're going to do with the money. it's the 3rd, the hysteria, and the mania at that time was one of the most famous bubbles of world history crashed. the economy destroyed a lot of our wealth in the south sea bubble in that collapse. but at the same thing, it has been going on for 100. the years wrote him again with the result of too much printed money to which funny money too much her garbage money fear. money out there and to put it in the context of all salvador there, there escaping this nightmare with with big coin. max has always said, of course,

here on kaiser report, they always rename their frauds. they just, it's the same fraud over and over in the crypto sector, it was called the initial coin offering, which of course sounds to the, the champs who poured their money into that it sounded like initial public offering of those queens. and those are investors lost everything. these investors are down big time and i'll show some of the data that the wall street journal lays out for you. specs have been around for decades. well, as i pointed out, hundreds of years, in fact, their predecessors were new known as blind pools and associated with penny stock fraud in the 1980 but raised more than $80000000000.20 topping the amount raised and all other years combined. last year they raised over a 160000000000 accomplishing that feed again. as max find out, this is all the free money. everybody has free money and it feels like your mindset

. remember the, the fed, the treasury, the government want to change your mindset and they want to change your mind that when you're locked down at home, thinking like you, they don't want you to be worried that maybe the economy. maybe this isn't great for the economy. they want you to speculate, they want you to be mean yet, and they want you to lose all your money to them. you know, a couple of points. first of all, as we've been saying here, this is the same old fraud repackage in a new name and branded in a new way. and it was obvious for us and others to identify there's an obvious fraud and it would be a multi $1000000000.00 wipe out. so the question then becomes, where are the regulators? where's the fcc? and that's a really good question. um, it's almost as if they are part of the scam. jerry counselor, is that true? i think so. certainly a of the s c c o says they're concerned about normal investors and ordinary

investors and they've been focusing a lot of their time on the you know, crypto sector. but what a. b in terms of this back model is the model itself that is almost guaranteed to fail. and you know, who doesn't fail, you know, who always makes money despite the collapse and the stock price, as remember, i said there, most them are down the whole sectors down over 50 percent in the past year. so there's tens of billions of dollars of retail capital taken lost, stolen, poof into the ether. 8, no pun intended, there. oh, i knew if there was good for something. so here is a quote about who doesn't lose some companies that went public this way. have under shot business projections they made to attract investors, triggering stock price declines that have rippled, others tied to the space,

no pun intended. they're either. regulators have increased scrutiny of backs, worried that amateur investors are losing money at the expense of insiders who are protected even if shares drop like insiders are totally protected. also, anyone who has an account and a brokerage account, when you sign on to that new account form, you're obligating yourself to arbitration by a panel of brokers and bankers if you have a dispute and try to get your money back. and this is why almost it's impossible for anyone who's been the victim of fraud on wall street to get any of their money back because they sign away their right to sue when they open up those new accounts . then in the case of the spec, on the way that it's constructed in the covenants of the spark in the bond and the prospectors say in the fine print that the risk is astronomically high, you're probably will lose everything but don't from looking for us because we've

for carved out and exemption for any of liability in this at all. and the, the, the r c c r y y. i mean it's a government agency it's, it's funded by taxpayer money. and so i, i could go down to the local mafia joy and give my money to the mafia. don, who's going to go break some legs and corrupt the fish market or the pizza market or something. i could do that, or i could give it a gary gansler who's a mobster. he's a gangster, he's a paid leg breaker. that's all he does. he said it was breakable. so the problem, the issue is like, you know, look at the, the huge burden placed on legitimate companies. it just seems weird that in, at the moment they refused to authorize us. you know, spot price based e t f on bitcoin, but they have a futures $1.00 which is far more sophisticated and kind of

complicated than no ordinary retail investor should really be playing around in the futures market, especially in the structure of that sort of e t f, where it guaranteed to lose just like the oil e t f, which does not, in fact track the price of oil. and it's always been going down down down. you're always losing money. and so i, you know, the fact that these sort of spikes there were just a big a raise, a $180000000000.00. and one year just seems crazy that this can happen whereby like legitimate companies are at have a huge financial burden placed on top of them in terms of going the legitimate route for those images of all the garbage strewn from the cargo trains in los angeles. being looted, it looks like venezuelan street with all the ball of ours littering the streets. you know, for some the fed and the treasury and gary gansler will write

a blank check for billions of dollars because you are a friend of dare against or your, for your friend of goldman sachs though literally right. you check for a $1000000000.00 in the form of an interest free, forgivable loan for a $1000000000.00. and you can go put it into, you know, chinchilla farms in alaska that are raising soap worms to make plastic new to, to job or something. it doesn't matter what they put on the prospectus, they could literally wipe their uh, on the prospectus and raise a hundreds of billions of dollars. it doesn't matter, but, but up, up, up, up, up, up, up, up, up, up, up, up. we always mentioned the boss yet quote, whereby under it becomes a way of life for the people at the top in it, it trickles down essentially and becomes the, the only business model. so the business model, everybody who has sitting at home doing nothing, not working, not creating any wealth. they know that when they're receiving thousands and thousands and thousands of dollars, month after month from the government, they know instinctively inside that there's a fraud involved here that this is

a plunder model that somebody's paying for them to be receiving these vast huge quantities of money so you think it's normalized? you think it's okay, you think just like when you invest in the policy scheme of made off who is well connected and he had engineered the nasdaq and he knew what he was stealing from somebody but you wanted in on it and asked the model that everybody thinks they're in and they think like, well if you know this is our business model on i one in on it than that's why i am going to invest in the specs. so everybody's involved. yeah. and the president has normalized senility. so yeah, just to have a lot of people bumping into walls and mumbling and drooling on themselves and thinking that's the same thing as being coherence and well functioning adults. so it looks like it just aeronautics from coast to coast. all right, we're going to turn the brick and when we come back, much more telling you away. ah

ah, or is james all down through here? allan, is the larry over here. so your camps are always a little nicer than this. this is evidence of absolute poverty, despair. people in our city and other cities all across america are living like this. where at the original eat and village been opened up in 2018 right now. there's 31 homes on the property. it's a little over 4 acres with 31 homes and a community center. unfortunately, a lot of people don't make it out of edition more homelessness, like, i'm just really happy. it made it. her dad you with me

in. ah, i look forward to talking to you all that technology should work for people. a robot must obey the orders given it by human beings, except where such order that conflict with the 1st law show your identification. we should be very careful about artificial intelligence and the point obviously is to great trust, rather than fear i would like to take on various jobs with artificial intelligence . real summoning with a robot must protect its own existence with a

ah, welcome back to the kaiser report, i max kaiser time now to turn to pay on tico and sean stone. the filmmakers behind the new found the paradigm of money, the documentary about the corruption of wall street. i'm in this phone, so no, he prince, pete, and shaun welcome. thanks max. it's best to be here. all right, so pete, an antique, go the paradigm of money. it's been described as the big short on steroids. what's the premise of the documentary? why did you make it? what story hasn't been told yet? journal admitted because we want to demonstrate that there's a 2 tier system, one for the insiders on wall street. and one for the people at main street. and the way the system is work since the inception of reserves and system since 1913,

which is supposed to be probably getting still interest rates at 0 currencies, 2013 in 2021. the, the value of the purchase power dollar has been decreased. 90 percent interested in between one and 21 percent. so the federal reserve, by way of policy has failed the, the country in the world since its inception. and most people don't understand how it works for low injury policies act is inflation. and is that anyone who's working on a fixed income, john, you know, one of the problems here is not so much that the system is corrupt, but that the mainstream media as done a good job in glorifying corruption and the average american doesn't see any problem with corruption, when they are politicians, like nancy pelosi and others, are openly trading on insight information and manipulating stock prices. the public has accepted this as normal. so wow, how do you get over that?

how do you get over the normalization of corruption? this is sort of the problem of it at the end of empire, isn't it? the monetary sent them, sorry, empire that has exist. and you know, america continuing in a long tradition of, of this type of insider game. right. and it's interesting that now we part of what inspired the documentary was from my mind's going back to the occupy wall street movement, right. being of being a kid coming out of out of college and seeing how these things affect our reality. i think that as we see more and more that the, the nature of this empire affects everyday life. whether it's are, you know, inflation know, well, prices, you know, the ability for people just to feel disempower and as far as going forth with you know, wages where we've seen real wages not increasing over the past 3040 years, the physical economy collapsing. right. issues like this that we can all point to

and in major cities, i think this is the only way to actually start to motivate people to do things like by wall street, which in many ways gave breath and movement to a lot of young people like myself to hopefully become more socially conscious and aware in terms of how we move forward. but it, it is, it takes a collective will to actually make changes. we know, right. i'm just curious where that the leadership to kind of inspire that collective will, would come from. because right now i don't see anybody in politics in america who's expressing that type of desire for a more equitable system and a t p. let's get into some of the specific so you do a good job in this film kind of breaking down some of the scams. i know i i'm in the film, i talk about my naked short selling and things like this. what, what was it for you? what were a couple of what was the stand out kind of embezzlement that, that stuck out in your mind. this was in surgery when, when you get

a call you soon, it was a market major for the stock in the to buy it sells the shorts along the derivative in the auction market a 2nd. the 2nd basis then they confirm on the market using their own money, making hundreds of millions of dollars using illegal insider information. so order flow so far is legal, but to use that information for your to your benefit is insider trading. i think it's one of the biggest frauds the history is mark. because in surgery, he leaves the, the poor person. there's just trying to track or on fidelity or, or charles schwab. they don't have a completely read it again and not in their favor. you just go out what game starts with a lot of money that the people that make the most money were the hedge funds in the insider traders. because there was a me over so $100000000.00 when they were 3 against any other things. you have

things with people like goldman sachs who in the 2000 a housing markets, they shorted the market where they sold it to their class long. they got $4.00 and $500000000.00, but they profited over $1500000.00. and then recently there were cost moving the gold and silver market from 28 to to 16. they were flying $992000000.00. but you know, they made a trade so it's basically the cost of doing business. nobody goes to jail, they just pay fine. they continue, we do this over and over again. i said it was a 2008 if you remember, the regulators are captured in there were yes, you see, you know, watch for that. you have a mouse policy scheme. there were 6 subset of complaints. nobody did anything. and the by the in the bottom line, it just continued let it happen when they could stop it. it's just the regulators are asleep, it's an inside job, and it needs to be corrected and the congress has been asleep in regards to this matter. so shawn pete was talking about city l capital there for

a 2nd and game stop and all shenanigans that was going on and they got caught trading on inside information of course citadel's, also famous for hiring. former said chairman ben bernanke to be a partner and of the connection between the hedge fund industry. and the central banks is one that's not particularly healthy, that they keep interest rates artificially low to make it easier for these hedge funds to borrow money, to ground. speculate, and if they make a mistake, they get billed out like long term capital management was colossally wrong on their bats. but alan greenspan, who was the chairman of the fed, at that time lowered rates substantially to bail out his friends in the hedge fund industry. so systemically the country runs on fraud, if you remove fraud, there would be very little left in america this they could redo mount rushmore and replace the current foreheads with very made off ben bernanke, he charles pansy,

and one other guy. you know what i'm saying? like america in a we've been line, eyes and crux in the movie industry for years with mafia movies, the godfather, movies the, you know, america loves worshipping tony soprano. right. so tony montana, tony montana. so i mean this is america. if you got rid of the fraud, john, there'd be nothing left. there would be nothing left. it's. it's an interesting, it's an interesting concept for a country that was as built at it with the ethos, right? the, the, the ethos of sort of justice. right? put frontier, even if it was frontier justice right. there has always been this notion of you and we've been reviewed the vigilante right in a sense because we, we appreciate the idea of justice and i think it's in our, it's in our blood, in our bones and ways, you know, this idea that, you know, we can we can actually have a just society now, it's become clear over time that it's flawed and it's not didn't, it's more we become more and more aware of the injustice right as we go through

time. so it, i think this is coming to a moment where in a, in a sense, you know, how do you go on as a, as a society rec, nice, and you have an oligarchy. recognizing that a handful of people have as much wealth as half the planet. the middle, the one percent america has more than the entire middle class of america. i mean, these types of inequalities, this is this, you know, you go back to like babylon and rome, right? i mean, the british empire that you have to go back to empires to, to understand the nature of this inequality. and i think that at one level, yes, we got there because of a certain glorification of wealth that gordon gecko green is good that my dad wrote obviously. and was person you know, personified that time period. and that, yes, that, that kind of there was an excitement around it, but i think now weren't the generation the next generations that we are now where i am millennials and others are recognizing the consequences of the action. and that's where i think we're going to be to many more accountability going forward. i

just think it's inevitable because you can't continue to have some semblance of a republic, a democracy. with this type of extreme inequality, i bring up a good point there. so the millennials are reaping the whirlwind wrought by the boomers. the boomers are really responsible for this heinous market corruption and the millennials are and the zimmer's are going to have to are, are holding the bag. we talk about the paradigm of money is the name of the film. it is a need to change the paradigm and suggest the title suggests that the paradigm is wrong and needs to change. you guys are, are left holding the bag. what, how do you change it? you know, i think you need to change the system, you need an asset class, you know, as a sample. so to switch you to do it for a minute, because this is new technology. i mean, the current research, really nar,

dashes in facebook and google, which is the market in your message, has an alternate scarcity. this, this technology, if our money america was 65 and there was no more, the value of that money would stay strong. so, you know, in the world where everything is turn, a technology will have to be digital books of digital art and everybody is due to what you're doing, your business, and on, on a digital platform. now they have a blace which are probably good at transactions, are real estate, financial ledgers, corporate contract, it early was going on lucky. you have to look at the forwarding of technology in the, on the planet. so that's something that needs to be studied in. and i think it provides a very big advantage because it's like having your own central way that's fully

centralized. the only watching that is fully centralized. so it is, you'd be your central bank, the only person to host to that is you, you can borrow against it. you can eliminate the banking system. it gives people the freedom to use every person or level a chance to participate. it gives every human being a chance to transfer money for literally nothing a network which runs up on top of it. there's a lot of things to this new technology. i think it's brilliant and the paradigm needs to change to a physical economy like weapons used to have because when they used to barter, you build it, you built a farm you for crops and then the other person would bill barney for it. but while she doesn't produce anything, there's nothing there, physical copy, they produce nothing or a middle man. they just,

they just transfer well from one entity to another and they act as middle man, and they just buy some money off the top. and many times it's, it's done with imagine the shortest, like we are actually my car. i was selling it to a 100 different people. cash and i only have one car. that's what they're doing. us basically with making sure it's, it's counted right. of course with the coin you're separating the state from money 1st time in history that's ever been done. so that state in fact it's d funded. so are we prepared in this new paradigm of not having a functioning state as, as that that concept is now now for several 100 years, john? i don't think there were there yet to it. i think this because of the state ask, go back to we, the people what we have in our constitution. so it has to be re conceived and there is a huge process going forward, bringing it back, more to local, even to directorate, appear. but i don't think that state is going to disappear any time soon. okay. wait. we got to wrap it up there. so fellas,

thanks so much bring on the kaiser report. you got it. thank you. and that's going to do for this additional cost report with me max kaiser and stacy. i would like to thank our guest on chico and chance down with the paradigm of money, which you can find online at the paradigm of money. phil dot com until next time bio ah ah, move when i was showing wrong a sheet out. the scene becomes the advocate and engagement equals the trail. when so many find themselves will support. we choose to look for common ground.

a . with the president or pro aisha claims his country will withdraw from nate. so if there's a conflict between russia and ukraine, it comes as the west cranks up its military presence in the region over a ledge plans by moscow to invade. it's the neighbor ah, tear counseling clashes with the police and the ukrainian capitalized people take to the streets of ki, i have to demand economic reforms also ahead in the program.