me, i'm nice guys, are this is because are reports, imagine 10 years ago and big corners, a dollar. and we told you that it would become a world reserve currency and trade in hundreds of thousands of dollars. and you did not like ha, stacy. right, well you know what, max, we are here in el salvador at the airport, in fact, waiting for simon dixon to arrive. but in the meantime, we have this treat that el salvador model is spreading. people like it when i discussed my own tweets. and this is referring to a story out of arizona breaking a bill was introduced in arizona to make bitcoin legal tender. and the states, the model is spreading. so in the united states, they have states rights, and this is different than what you find in europe, and it's different than what you'd find almost any other country in the world. so if the federal law makers are not open to making big when legal center, then the states are free to do. so we're seeing sewn, arizona looks like florida looks like texas people in texas are actually talking

about the seeding from the united states. if the feds just want to keep their head in the sand and don't want to compete on the world stage, this is the state of arizona. they did in 2017 pass a similar law making gold and silver a legal tender. so states do have some sort of rights regarding this, but also this past week, what we saw, which was quite remarkable, was that joe biden, his administration. so they're looking at creating some executive orders essentially, like, you know, presidential orders to deal with what she says is the national security element of bitcoin. so as we predicted right here on the highest report, we were the only people to do so way back in 2011. certainly mac skies was predicting this would become a nation state level issue. and it now is that the most powerful country in the world higher as it were, is. b concerned on

a national security level about big point, right? when i 1st thought i mediately assumed that these executive waters were going to immediately get the united states mining big coin as a national security issue. because they, they want to remain competitive in the 21st century. especially with now russia announcing that they are kind of leaning towards a very heavily toward big point. it would be in america's national interest to start mining bitcoin and accumulating big point. but on closer examination, it looks like the complete opposite. it looks like another incredible f o paul by america lawmakers who as napoleon one said when your enemy decides to destroy themselves, step aside. and i think this is the way a lot of countries are looking at the u. s. that they want to take themselves out of the game and be a minor player the 21st century. it's not up to other countries to help them to see the error of their ways. the fact is,

the president of the united states of america is having to respond to big points. i believe that not as you book kelly is the one that started this. this is how the game theory works. it worked like this in the individual level when we were talking about the claim back in 2011, 201220132014. that's when the individual human beings around the earth and various countries around the earth. some like an argentina or in venezuela where they were having very high inflation, hyper inflation, whether they were the 1st natural people to gravitate towards big coin. and then that drove other people around the world like online porn, or gambling or things like that that were technically kind of not quite legal and certain jurisdictions. so you have the same sort of game theory happening. so one person, as soon as the 1st person moves, and that was nice, you kelly on behalf of el salvador. it was going to force all their legislative bodies or entities, nation states. or in the case of the united states states. you could see some or in

other federal started systems like that, whether it's india or mexico or brazil, like various regions might start breaking away and declaring bitcoin legal standards. every country in the world will eventually make big coin legal, tender. the only difference will be at what price we have el salvador, making the move in the $30000.00 to $40000.00 range in the united states. that may wait for it until it's have 51015000000 coin before they finally wake up. in any case, it's all good for a big coin, hot dollars. when these countries of finally wake up, you know, it's up to them. it doesn't even matter if it becomes legal, tender. the fact is, the inevitability of it being the world. reserve currency is inevitable. it will be the global trade settlement layer, no matter what it is, layer $1.00 money. there have only been 2 other layer. one money's before that's us treasury's and gold. so here we have bitcoin and it is the inevitability of big

coin that is certain. absolutely. but it is an acute problem or game to see which country does make the move as you point out, it ultimately meaningless because the coin energy use alone will de font fia money . de fawn gold. d fond the nation's day. and de fond central banks. that's already baked into the cake. so we have that to look forward to. but it's a fun game to see which politicians, but, you know, try to save their careers. in this one, we mentioned inevitability. and we mentioned cakes. so the inevitability of all empires falling like a layer cake is upon us. soon after, of course, an empire enters afghanistan and then loses and afghanistan, usually their empire is falling apart. well, it seems like the united states is also doing that. we've been crohn calling this

of course, over the past 10 years. it could last another 10 or 20 years. who knows? but right now we see these sort of remarkable headlines, right? breaking a bridge collapse and pittsburgh hours before president biden was scheduled to visit the city to talk about the infrastructure. bill police reported the span came down around 6 am. authority said there were no initial reports of injuries and this is a remarkable bit human chain form to help after pittsburgh bridge collapses. so we've gone back to like. 6 pre pre civilization mode. right, well it goes back to 2008. remember when wall street was timothy guy there, and hank paulson, they put a gun effectively to congress his head and said, give us many trillions of dollars to bail out our friends. or we're going to collapse the stock market. and so congress acquiesced, of course, because they have no well of their own. and that money could have gone into infrastructure. so here we are 1012 years later,

and bedroom bridges are collapsing, infrastructure is collapsing because america is being held hostage by financial terrorists to spend this way for 20 years. there's no change that i can see. bitcoin is a way out, but i think america's got a case of stockholm syndrome. they fall in love with their captors. so of course, trillions upon trillions of dollars were printed not just even in credit, like via the fed and quantitative easing. and expanding their balance sheet, but also from the actual us treasury by a congress when they, they had all sorts of fiscal stimulus, trillions of dollars and cents out. so we do have, you know, the inflation of that we've discussed. but apparently none of it reached anywhere, right? it all just either went off shore or to train us to buy goods and services from them. so we have the dilapidated bridges, we have the dilapidated infrastructure system of the flights, like try to get anywhere in america. all these flights are being cancels maxon. i

ourselves out of the airport for like 15 hours because are playing last some parts and then the, you know, there were no shifts like crew to man. the flights are like move the luggage and things like that. so there is a kind of entropy and dilapidation happening on the ground across the us, despite the trillions printed like you would have thought that something would have been done, even maybe one mask, you know, manufacturer would have been built like something, but nothing apparently got done all right, and it's easy to prove this point. just look at the money velocity which is tells you of all the money that was printed, then even enter the real economy and cause really cannot make. the answer is no money, velocity kept going down to 0 because all the printed money just wanted the pockets of a few bankers who bought some overpriced art work and some overpriced apartments on park avenue and parked. allow that money off shore and was engaged in massive

political fraud. now this final headline here, i'm just going to read it. we're not gonna comment on the actual headline because again, this is sort of the platforming headline and you know, you don't want the director of national intelligence to say that like you talking about this have, i might have like for on elections or anything like that. so i just want to talk about this as an analogy and metaphor for like what's going on in the rest of the world like that. if you watch the cable news, if you listen to the feds open market committee meeting notes and stuff like that. if you listen to them speak as the podium of you know, the press secretary or something that like none of it matches the real world and either direction. so on one hand, you have like, by been saying that this is the strongest economy ever in my 4050 years. and then on the other side, you see the data a, the death of despair all over the place. we've talked about that, but here this is on the opposite side like the constant,

your mom ring on all sorts of stories that will get you the platform if you try to contradict it. so i won't mention those, but the fact is like, when you actually leave your house, leave lockdown, leave to the rest, or come to our salvador, which is supposedly like, you know, run with gangs all over the place and homicide, a murder and it's paradise, right? so here is that headline, which is just i so amusing mr. this guy from the new york times tweeted this and without seeing like the humor and what he was saying with the u. s. warning of imminent attack and nato forces on the alert, it is jarring. to be sitting here in kiev, where you cranes, leaders are acting like there is no new threat from russia. i try to unpack as contradiction here as if the contradiction was from them. not you like listening to your own cable news and getting the wrong story over and over and over and over again. this is again, part of the non stop end of empire,

the inevitability of empire, because they always get to that point where they, they can't see themselves that yeah, the new york times reporter was in a kiev and sitting in a cafe. and he noticed that, in fact, there was no crisis which seemed to go against all the images on cnn, or remember colon pal on his little vial of baking soda that he waved around and said, saddam's got weapons of mass destruction, let's man trillions of dollars for no reason that's before we blow all that money afghanistan, remember that saddam hoax? so it's interesting that a new york times reporter is not up on all the hopes if they should. they should start. we should start something called hoax updates or something because the skies was truly lost. well, i mean he's the meet the media is supposed to be that, that pillar between the population and power and explaining the reality around you . so if they themselves can't see reality,

if they're the ones i can understand reality and he's the one saying, well the reality i'm seeing in front of me, of people not being scared they, they're, they're, they're wrong. they should be scared. that's like, that's a problem. this is the problem with the media right now. it's like i think scooby doo, where they go around china on masks the ghost and they pull the hood off and the ghost is us. now, it's like, we are the enemy. it's us. like they don't understand that yet that they, they say that they're still believing their own propaganda and that's kind of worrying. anyway, we're going to take a break and when we come back much more coming year away. ah, ah ah, it's a new secret that private military companies have been playing a role in our conflicts world wide. u. s. government doesn't track the number of

contractors it uses in places iraq or afghanistan, the united states army. and the military in general is so reliance on the private sector. i would call that dependency, but we don't know who's the on the ground presence of these companies overseas. we just don't out west and private military companies can in it turn. you so cool. subcontractors from countries with trouble pass. oh, the chances are quite good that they had also been charles diligence. this is i was just as i drove professional drove. it is with the full moon, wouldn't feel good if i said that looked with no food, no minimum own wall, which i mean to be merciless killing machines. now they fight and die in other people's more people. carroll lock one and

a dead soldier or dead. marine shows up in this country and we start asking ourselves, why did they die? why, what were they fighting for? nobody bothers down to about the contractors in a algorithm. so neural networks have been following us everywhere. we look online because our relationships are what matters most us. that's how we find meeting and how we make sense of our place in the world. what silicon valley see, don't mention in that slick presentations. however, other ghost workers who train the self, where humans are involved in every step of the process when you're using anything online. what we're sold, as is miracle of automation behind your screen. it's

a valuable workforce that feeds algorithms for next to nothing. on a very good day, i could do $5.00 now. at a really bad day. i could do $0.10. now. these workers are invisible by design. it's about labor costs, but it's also about creating layers of lessening responsibility between those who solicit this kind of work and need it. and those who do it a the me welcome back to the guys report i max or time now to turn to simon dixon of banks in the future. simon, welcome back. thanks. me. what an incredible adventure. you wrote the book and 2010 . back to the future. first published book dimensions, bitcoin and we met up with the 2011, prague. what you consider to be the 1st big coin event ever. and of course,

back then the price was a dollar or less than a dollar. maybe 50 or 60 people in the world knew about bitcoin. and here we are in 2022, you've just arrived incense, so the door el salvador. and the country has made big coin, legal, tender. what's your 1st impression? well, i'm really looking forward to seeing what's happening here, but there's a lot of excitement. this is my 3rd attempt that trying to support and be involved in the country that is going to actually do something with bitcoin benefit from the 69000000 percent returns that have been generated over the last 13 years. individuals have benefited from it. companies have benefited now countries to benefit from it and also with the looks like they're finally doing it when there was a little in the u. k. back in u k. where we 1st attempted this, there was talk in house the parliament today about the importance of support in fintech encrypted currency and it re while me but over

a decade ago when i was trying to say the same thing. and then the bank of england decided to put the evil tens cause in and stop the u. k. from benefit from it. so it looks like el salvador is going to be the country that's doing it. the 1st government i've ever seen that says they're going to do something and, and implement that foster, which is a really good sign. and so i think this is the country. everyone's going to come and say, yeah, as you mentioned, this is the 3rd country that you're aware of that has tried to or talked about making big point legal, tender and, but now they really have executed on it. they've done exactly what they said they're going to do in record time. they've got the government behind them. they're passing all kinds of new securities laws. now, to support the creation and distribution of volcano bonds, big coin bonds. now a sense of now over a black stream has said that he believes that the volcano bonds are the most important development in big coin sense bitcoin,

your thoughts. this is the country's opportunity to really say the country can do something without the central bank having to deflate that currency, manipulate interest rates, and show that you can actually rely upon a central bank where you have absolutely no control over and is just regulated by mass in cage and that is going to be able to benefit from not being able to change its supply and not being able to manipulate its value through interest rates, not being able to change it through open market operations. and shenanigans means that you actually, you get to just benefit from digital hard money and say now that the government is issuing bonds to the back by bitcoin. they get to show you the world that you can significantly outperform anything that any government or central bank has ever crazed is independent of needing any intervention at all. so i

really look forward to seeing where this going and if the law, if the next 13 years mckenneth and like the last 13 years, then this is going to be the smartest move and this is going to be one of the highest growing countries. the g d p is already roughly 10 percent this year. it looks like it's going to double again next year. and these will, okay, no bonds are really getting a lot of attention around the world. the i m f of course, is nervous because they've had a monopoly or, oh, god plea with the central bank for a long time and dictating economic policies around the world, even at the detriment of all these countries, including el salvador. they put out a statement this week, simon, basically begging el salvador, please stop all this bitcoin shenanigans that are going on when you read something like that. what do you think was just natural behavior? the i m f one a monopoly and the world bank. these, these big,

large organizations into a country organizations they want monopoly and, you know, there's many, many documents in history about the negative impacts the well bank and i, m. s, lames have had throughout latin america and different developing countries. and of course, you know, that is the, that is the, the strategy is to lend of many dollars as you can control the supply of dollars and then have on affordable lanes so that you can then have those dollars go back to the country is covered in confessions of an economic hit man and, and then once you've caught that, you can then have loose over energy in that country. as you point out the book confessions, oven economic kit man. really detailed the whole process of making these agree just loans to countries or they can pay and back. that's a wealth extraction scheme. the opposition here in this country is actually lauding the scheme and saying, we don't want to kick out the economic hit man. we think john perkins,

in that book is role model that we're trying to follow. that's how confused the opposition is here. for fortunately, there are a minuscule and have no weight whatsoever. but let's talk about these bonds. what we know so far to 6 and a half percent coupon 10 year bond for 50 percent goes into bit going we had a 5 year lock up half is year mark for infrastructure. and the dividend is actually backed by tax. as i understand that, is that what we're looking for, any other color you can add and we literally flew here, landed here because we want to see we want to be 1st to see the securities laws and the perspective. so there's been a lot of design work on the thing, samson has been really supporting in that process, designing it with blog. strange right, the securities laws are very important, right? because the country is actually really architecting their securities last from the ground up to be big coin centric. so i think that's why when people say this is the

biggest thing in big coin sense big coin, i think that's part of what they refer to because this is the c characterization of big coin and the possible global securitization that causes big coin and for countries like el salvador, they could potentially retire all their i, m f that they could retire all of their external debt. but that gets back to writing laws that are big coined centric. and i know you're anxious to actually see what's under the hood and what's going on. and i know the folks that are making the draft of these laws are anxious to get you involved as quickly as possible. i think starting in the next 6 hours, you're going to be called in to begin perusing. what, what do you expect to see? what's your dissertation on that? the security is low as a really the difference between whether you have a wealth effect in your population or not, and say many western security as well as particularly in the u. s. u. k. really been lifetime work for the last decade of really trying to get those so that that

more inclusive because the, the security is laws in u. k. and in us they really to make the rich richer in the bull bora. so if you get this right, you can really generate an incredible effect. you know, we bang to the future when we 1st started trying to invest in bitcoin companies. and we wanted to allow people to invest them bitcoin companies. the regulates, has protected all of our investors from the highest performing asset class in history, and prevented many people from investing in the, off the 3 of trying to change everything. we had to leave the country. we went to multiple countries in order to try and make this happen. so now we've pill a decade of experience having, we could have all of the company, you know, we've, you know, investments made through the bank. so the future companies like $100000000000.00 companies like coin based crack and bit for an x base fam. all of those come to companies were looking for a home at one stage, and whoever bought this right could have had the whole industry in terms of all the

jobs ever seen that came from that and hundreds of $1000000000.00 of market capitalization. as this industry grew, now it looks like i was i with those finally, great not have. and by getting this security source right, you can allow people, the population to benefit from all of the financial innovation that we've built over the years. and allow people have retirement plans built around bitcoin and just really, you know, have a wealth effect across all the people at the, at the, at every type of level robin. and just driving that, wilson, the quality that we see through truck alien securities laws and other countries, there's regulators like the s a and the united states. and they have yet to approve big coin cache e t f. yet, which is remarkable example of protection of protecting their sponsors. and those are the big wall street bags that are captured regulator. it's quite obvious. same thing in the f. c a, there are capture regulator. they don't work on behalf of the public at all.

they're lining their own pockets, obviously, but here in el salvador there's a chance to create security was with the benefit of the population of the average person, right? yeah, and that's what it's all about. you know, we have to factor across. so there's been the highest performing ass across in history, regulates as protected the population from having 69000000 percent returns. near how salvador is, can come along now. they can build custom built security saws that allow countries in their country initially to benefit from big coin through the volcano, bonds. and then they can have individual level products. they can have company level products and they have country level products and to build the securities laws based upon what we know about the technology today is a huge advantage as we've seen and other areas like africa, just leap program banking go straight to more advanced technology with their

finance, with their financial affairs. and i call wait to see, you know, this is what this is what this is all about. and the security source is a vital part of it. they got the legal tender, get the securities, right. and you've got your, your double punch. there is talk of all, salvador becoming affectively the singapore of latin america, central america, your thoughts on that. i think it's bigger than singapore. i think singapore is, you know, a have and across, across asia. this is the reinvention of security, small kids, ball markets, currency markets. this is set in the example for the world. and, you know, this is more like a bretton woods to moment where money is being renegotiated and the u. s. put itself at the front of that and then reneged on the gold standard. they negotiated in 71. this is bretton woods to be in renegotiated, but based upon digital hard found money that nobody controls no vested interest.

there's no central bank or company or country that's going to benefit from that because anyone can participate. so if el salvador gets this right, i think this case viral across latin america. i think this case and then goes up the chain, the very last country that will adjust to this will be the ones that have the vested interest. the european central banks, the federal reserve, the u. s. the europe, so the well, the bread and the pound. that will be the last to adjust this to me is david beats goliath moment. they can have games theoretical where the early you adopt and follow what else, how the door does. the more likely you ought to benefit until the very last person all the very last country that adopts to this i think it's much, much bigger than just creating a single point. we already know that a lot of things happening in argentina now for brazil is a step start talking about big coin. other countries in central america are now

rumored to be possibly in line to make a big coin legal, tender, and the very, very near future. anyways, i mean it's great to see you and i think the all the a team is in place for this volcano bond to really take the world by storm. thanks for being on the kaiser report. yeah, thanks for sharing this whole journey a call. wait. see where we go next. all righty. well that's going to do with this addition of kaiser report with may max kaiser and stacy herbert want to thank our gas. simon dixon went back to the future until next time. well, noon for your channel machinery, the geography. the nucleus, you go the channel in english, you and then the sub boshoway

shakeelah. hi sherry. this is rob lee with me. right? yeah. very latoya. this is rudy with she been wholesale and kelly recruiting quote and i renewed my fresh night issue of that tangent of london. keep to our lord madam for she doesn't mind too much crappy ikea. i'm of fact not old enough that i'm looking for lucas. he asked him to you me, act, he had to put him on with the money that i can live with with

with what do we do? go to war with the nato blog as someone thought about this. got him in pearson expressed as concerns about ukraine's potential nato membership is a direct threat the russian national security. meanwhile, the british p. m toughened this rhetoric against russia and threats and sanctions, grave consequences. a response from the army, just not britain's ukraine's and no job, no job, no way. canadian truckers continued to take a stand against coven mandate.