dot com, you can check out the russia section. the well section also op ed as well. one of my personal thanks for joining us with accident with with the hi am i or this is because report max and stacy are in san salvador el salvador. and we are really just amazed that the revolution taking place here in this country goes bitcoin as legal, tender, and so much is changing and for the better a stacy with them. hey mack. so while we are here,

of course the i m f is very concerned of course the united states is very, very concerned about the debt levels in el salvador. so while we've been here in the past week, everybody knows that the u. s. national debt has hit 30 trillion dollars to put that into context. the g. d. p of the united states in 2020 was $21.00 trillion dollars. of course that counts a lot of the money being printed. also that is about $90000.00 per individual in the united states per citizen of us. so they've hit $30000000.00 max and i of course were reporting here on kaiser report when it was when it 1st hit 10 trillion, i believe. right. of course, this is our is talked about in liberal media like the new york times that doesn't have any effect on mental say it's money we owe ourselves. but let's walk through what this really means, folks. and i want you in the international audience to pay very close attention the united states as 30 trillion and which means that it's

a statistical impossibility and not event that they can never raise interest rates . because of this enormous ponzio game they've created, they can never raise interest rates. ok, so what about the us dollar? okay. the us dollar when normally fall because the country is becoming bankrupt. however, the u. s. threatens other countries to accept the last dollar or they bought them. right? so for example, if you can understand what's happening and ukraine, if you understand what's the interest, the debt and interest rates, the u. s. has created a curve fall and you ukraine because that's a back to the us dollar. so it's a war machine. it's a death machine as a depth called. that's the us dollar. it can't last forever. it'll probably be completely obliterated in 2020. just prepare. right. well, the debt will be obliterated because that can't be repaid, won't be repaid. and that's the case throughout history as we have discussed with

the likes of michael hudson and others. by the way, you know, we are ad cocktail bitcoin right here in san salvador. were in an open air room filled with an umbrella above us. so if you hear some noise, i know some people in the international audience do get alarmed when they hear noises, but they don't know where that is. but that's where we are. we're in an outdoor location. i do want to also now turn to just to put into context for you, the debt of the you knighted space and how that compares to history. so here is from alex. seen for context. here is debt express in g d p over time. today we are at debt being 133 percent of g d p. we're now beyond world war 2 territory, which means financial repression as inflation out paces interest. of course,

i want to point out to you that this is one of the many, many, many things that occupies this notion of make america great again. and this notion that there was the best times are behind us. because you can see the debt being at a low in like 1980 compared to our g, d, p, and the united states. so we've boomed all the way since the 1980s we've been. and us, what 3040 year old market and bonds that whole time. this is the cost of that bull market. that's what drove the bull market that rise and jet debt to g d p. so however, leaves you as all countries with a lot of that. so much with so much less sovereignty, particularly for the individuals within that country due to the inflation and due to the absence of any maneuver room and how you can grow your economy. right,

and other byproduct of all the stent is censorship. so the reason why you have a lot of pushback against independent media like joe rogan, is that the mainstream media, the washington post new york time seeing that they cannot even have a single dissenting voice. that will point out the obvious that the us is simply printing money and giving it to a few crony friends and making them multi under billionaires. and they're driving the depths of despair of suicide and drug overdose to new all time eyes. those facts cannot be said, so they need to get rid of folks like joe rogan. so i want to understand that once you understand interest rates, you understand the dollar and out all works, then you understand pretty much everything. well, so fortunately, i'm like really positive about what the situation is at the moment because the situation is that these are just like, but the end is near, you know, the end for you out as near if game over as i say. and big point. fortunately for everybody in the world, big quick fixes this. so i feel like

a lot of relentless optimism. that's why i'm here in el salvador. that's why i feel positive about the future. so, you know, when you look at these headlines and you look at the presentation and you look at the data and you look at the charts and it can be easy to feel sort of overwhelmed and filled with despair. of course, in america, as we've covered, you know that there are huge numbers of death despair, but there's no reason to do that because there is an opt out. now there is a plan b, there is a way out of it. and that is big point, right? it's a way out of the system we've, we're seeing a more and more rapid hyper bitcoin is ation. at this point, it's almost a difficult to keep up with it. you can't keep up a bit and 3 days a week of news of new yet another country, russia or india or other nations. now starting to say ok, we're going to allow big choir. we're gonna, we're not going to ban it. we're not going to regulate. we're just going to regulated, blah, blah, blah. so it is like hyper big quantization is already here and it at this pace,

it feels to me like we're going to have a total hyper bit point is ation and replacement of the dollar. perhaps by the summer because this is going much faster than i ever anticipated. years ago and on price reports. well, i look at a company like pay pal whose stock is crashed because a big coin that just apply that idea across all payments processors across visa, mastercard, across the banking sector, across the central banking sector across the failed nation. states like the united states are great britain, and you see that they can very quickly crash, or enron. remember one day it was $80000000000.00 the next day it was worth 0. it will be very, very quick. one day you wake up probably in 2022. the dollar will last 80 percent of its value against other currencies around the world. big point will be at $800.00 or $900000.00. a coin, michael sale will be the richest man in the world. and it will all happen very, very quickly. but you know, we've been telling you for 10 years like noah,

if you didn't get on the arc by now, you know, get an umbrella. so max, believe us all or might fall 80 percent it, but other currencies. i don't believe that, i believe it will only fall against big point because that's the only money that will be left standing. all other currencies will fall at the same exact pace. you see it with the all kind market always. they never fall like one of them is falling is if the entire sector will collapse crash like 8090 percent in one month. and that's what's gonna happen with the dollar a year 0. the yan, every single currency you could possibly think of that if we'll do the same against bitcoin. true. absolutely. agree with that. so i want to nevertheless we're, you know, we're still kaiser report. we're still making programs here and we're still reporting on the, the collapse of it, of course, 1011 years ago when we 1st started, we didn't see that it would happen so rapidly. this was something i thought would happen in 2030 years and prepare you for it, but it looks like it's happening this year. so here's another find of that sort of

collapse of the dollar because that's but the number one, right? that's the best strongest of all. well, you're starting to see the 5 of them bob way like embed as well. it like sort of situation. when you see these headlines, home prices in 2021, rose 16.9 percent. the highest on record. the median home price sales was 34692021 up 16.9 percent from 2020 and the highest on a record. going back to 1999. according to the national association of realtors, home sales had the strongest year since 2006, a 6120000 homes sold up a point 5 percent from the year before. and this is the most important thing right here. okay. in the last days of empire or the last days of a powerful country, a colonial power or anything like that throughout the past that was in years. what you can always see is something similar to this quote here about the cost,

the high cost of a group of can tell the and supporting that group can tell you eric, who are, you know, benefiting from the house price games. and that is this quote. while that was bad news for would be buyers is a boon for those who already own a home. a typical home owner accumulated $50200.00 in housing wealth, looking at the median price from 2020 to 2021. so you're starting to inch up to the actual household, average income or median income across the united states. it's like you're making $50000.00 just sitting there at home. and in fact, if you quit your job because your house prices gave a $50000.00 a year, you could extract that equity. what happened is not only does ultimately the economy be stabilized in the long term because nobody's having to produce. and these people are able to stay home and in america, that means you have 0 income,

even though your wealth is increasing your. we have 0 income. you get to collect free health care worth about $2530000.00 per household in america. if you're on medicaid because you have 0 income, but you're extract the well from your home rising equity. so you create a doom loop of bad economics and resentments, a lot of resentment because those who have to still go to work and do all the jobs that are needed to keep the, you know, maintain the electrical system and electrical grad sewage grid. and all that sort of stuff. they're the ones that are not happy saying having to work. right? so it's like feudalism as a service. right? so for those who are getting direct transfer payments from the central bank, they can just extract those payments through their bank by keeping their house at the bank of collateral. everybody else, they are seeing prices for food in energy. go up and oil look like it's going to

top $100.00 a barrel pretty soon now. and there are living like serves in the middle ages. and that gap is getting wider and wider because nobody and policymakers like a nancy pelosi for example. i see she was trading on microsoft options. insider trading again. good going, nancy criminal. and so they're not going to do anything to stop it because they are also got their snouts in the trough, so to speak. so they're not going to stop it. so median household income, according to the census in america, was $67521.00. so it's not quite at the same sort of level as in the united kingdom where home 20 lines of extraction far surpass any sort of median income. so you're, you're getting at that point where it's total destabilization, total wealth and income gaps and it's extreme extremity. and that, and sort of a lordly aristocratic class, right? well, in the united kingdom never pretended to be something other than

a constitutional monarchy. what they have over there in the us is the same thing except we have pack monarchs and money, printed aristocrats. all right, we're going to take a break and when we come back, much more coming your way. ah. in october, 1962 in a period known as the cuban missile crisis united states. and then the soviet union were on the brink of war, phosphor to february 2022. and the americans and russians find themselves in a similarly powerless situation. this time on the russian ukrainian border will diplomacy as in 1962, be enough to prevent war in 2022. the mediterranean is the world's most over fish seen on sustainable exploitation of its

fish dogs, which maureen, by of diversity under great thread. similar singer sellers from the given a, quote, our submission your sinuses. he cut our system and martin can continue to pulling cookie careful with hon, just a 2nd one or 2 but a loose despite the eas, promises to end over fishing by 2020. the situation is changing too slowly. well, i'm very disappointed with attrition that they've basically norfolk public interest. they also do not in the mid interest of the officials, the only interest of the fishery lobby on the face of the only ones in danger. the fisherman also at risk of losing or for bugging my thought up 7 group where they get it on the bottom of the bubble. thought, i guess it might be real. she's been liberties of abusive block and with

for welcome back to the kaiser report. i max kaiser time now teacher to williams ariano, a congressman for the law union area and also avenue were big coin, city is being built. these were president of kelly's party new ideas, which is 3 years old today. william, happy birthday. thank you. it's a pleasure to be here in case the report i've always watch you guys, i've always been a fan of your show. but right now, as you mentioned,

is the 30 year of newer. let's see this region. c the government defeated the bipartisan shift for the 1st time and the day began to become president of a salvador. i want to talk about that, and i should mention that we're in downtown san salvador and there's a construction boom going on. people might hear construction going on. there's a huge library being built. there's going to be a ceremony here this evening. i know one of your dreams growing up was to revitalize this holy area. and that seems like it's on schedule. it's part of the incredible transformation a revolution going on here and it looks good. so to your point about the defeat of bipartisanship, as you say, kelly president with kelly, the new ideas party. it was, it just broke open the model that broke everything apart and introduced really a new way of looking at politics. not only in el salvador, but this entire region of central america and latin america. is that

a fair statement? yes. you know what? i'm going to sell, but it was a victim of the cold war. let's put it that way. let's start this way. yes. one side, united states supporting the army, the government and the other side. communist support and communists. right. and they made some of the rest, feel each other, 7070 double doors died in the war and that it allowed us or meet, or country to become a bit violent as a society. right. and there's a whole bunch of problems that came from that far from, from the world that we live. we're almost 10 to 12 years. but also that led to the born or, or the rise of 2 political parties that dominated politics in our country for 30 years. left and right, both corrupt in the script,

there were enemies behind the scenes. they were friends and they just store or country apart. and that's where a new generation politics are. politicians led by the gym kelley came in to the stage rogue and shatter all the models. right. so this, this 2 party system that the pantomime as you describe it really opposing each other a to the press, but really working together behind the scenes and the left is always been about redistributing wealth to the core. and the right is, i was been more of a heavy handed military type of organization, and the admin flow goes back and forth between these 2 parties, not only in el salvador, but all up this entire region. okay, along comes nat geo blue kelly who was one of the major parties and he had, i guess, one day he had a political awakening. what you could say yes and realized that. c this was the

time to make a major. i wouldn't call it a gamble, but to see things in a new way. and i think new ideas is a good name for the party you. how much, how many of the existing congress immediately joined him? none, none. when, when diaz was born as a political party, it was for different presidential elections, but they blocked her party in those elections, he couldn't participate under new ideas as a flag. so he had to join and all the party to be able to run since they blocked every effort he made to participate. the system blocked him away. but you know, when people decide that there's the, this is the right time to actually change things. there's nothing that can stop people from doing it, and that's what happened in his older people killing. rib,

resend it, or represent the generations that grew up after the war, but also the people that were deceived. but this political parties that they promised a different this elevator, but what they actually bill to was a very unstable, unsecure, not well educated in country with a lot of problems and we had to, we hear them and faced them now the way and government. right now that we actually came in the congress and the, the presidency of the salvador things are moving quite fast. right. i know people that come in now we're talking of course with bankers and investment bankers about the new volcano, bonds. and they come and they, they meet with people in the government and advisors, and they say this is like a startup. this like a startup company president who kelly is like the ceo of a start up. and the potential is quite staggering. we get the natural resources,

you have these potential volcano, bonds, you have the population that's incredibly motivated and animated and ready for change, but also the government governor's. he has cuz we have 56 congressman out of 84. so this means that we, we don't need any vote from the opposition to take any decision. and that's a very big we're supposed to reality, that we have a cell that a civil door of congressman but would take it very seriously. then of course, most, all the decisions are for the people and that's, that's a very important thing. right now, our president is running our country in the fastest way possible, supported by the whole congress, by whole, his whole team as well. and that's how you get a country to move actually very fast. okay. so there's some who would describe what you're talking about. there is a bit heavy handed. but let's talk about those big coin law that was passed

very quickly. yeah. because it's a law that makes bitcoin legal tender, and it gives every individual in this country the opportunity for individual sovereignty. this is the complete opposite of what is the perception of the president as being a centralized man of power. he's actually the complete opposite these, these centralizing power, with big coin. what, what was your background with pick going? were you aware of it before everything that was happening here? what was your reaction when this law became? well, the 1st time i heard the gib kelley talking about beat from that was back in 2013 or 2014. that he came up with the idea he came up mentioning and talking about big going back then in 2014. yes, i remembering him to it in about it. i was a bit younger now. i'm 30, but that was the 1st time i heard about. i heard him exactly talking about big

point. when we received the news that with he was gonna send a bill to the congress to make bitcoin a legal tenderness. hell better. we were very, very excited because we really knew all the possible outcomes and all the benefits are country will receive, you know, back in 2001 i was perhaps maybe 20 years old, 10 years old as a secret of state governments that belong to the right party, they set the united states dollar us or local currency. and they told us completely, we will work with both currencies go loan, which was our currency. and united states dollar. what happened in reality was the date wiped out the call on, and they only left us with a dollar. and they never asked anyone about it. something just happened from one

day to another. okay, we'll get back to this. what you say that the country has escaped bipartisanship, the left, the right, the puppet show that puppet show the master, the string polar as usually banned the united states. and the i am at. yeah. and with big coin, you know, how much money united states gave to the army every day for the war. $3000000.00. it's a staggering some. and so now president kennedy comes, he sees bitcoin as a way to escape the us dollar had gemini, as you describe it, it was the cologne, it was a dollar. the dollar is took over, and it's used as an instrument of colonial ization. yeah. and so now the big coin is introduced, it's a way out of this path forward. and now we have the, you know, the i imap says are concerned about el salvador. yeah. your response. well, i don't think that's a genuine concern. i think they're more concerned about keeping their own power.

other degree they have in the financial system around the world that's. that's what i think about it. right. a simple words. yeah. it's a simple words backed up by a simple, very effective plan. yeah. which is great. now the volcano bond was announced by president and sampson now in november, the end of big coin with this is a rock the world of international finance. tell the world about the bulk in about a massive innovation on par with the invention of bitcoin itself. this israeli, the 2nd coming of bitcoin in a way tell us what, you know, what's the current status? we're right now or press and he's going to give in the next days. some announcement . pretty exciting announcements. a, you know, him right to president. yeah. he's, i've yet to meet the president. i'm looking forward to meeting the president and i wanted to think we know each other, but i know his reputation. i know what he's done. i looked around and i see what the president is doing. the president. 2 is here even though he's not here to look

at it. this whole thing is vibrant. it's, it's exciting is coming to life. it's an undiscovered jewel. exactly. you know, you're millennial and you were born on the internet, whatever you see here and down to some salvador. yeah, he brought it to a micro scale, right? your whole country. and that's what he visualizes with bitcoin as well. right. and that's what's gonna happen as well. all right, so let me ask you this. so jack dorsey and michael sailor. they spoke on a live stream recently, jack dorothy said, all eyes are on el salvador and this is an interesting experiment. how does this feel to you to be the source of hope and inspiration to people like jack darcy, michael sayler, which is totally contrary to the negative headlines at the map, is pushing here to extremely successful entrepreneurs and bitcoin ers. and they see al salvatore and they go that, that looks exciting. what will, how does that make you feel? what's going on? well, that's quite impressive. you know, having these 2 guys a jacket and michael,

as we know them, we follow them is very impressive. i, salvador is to know that they are actually laying their eyes on our country. we hope that they come and invest. we hope that they work with us to build a future or global economics here in the solvent or the help us achieve whatever 16 he was a country economic freedom. we welcome them. we're very excited for them to be talking about our country. mike, jack, welcome to salvador, please. well, michael sailor said he's looking to get some yield on his mccoy. he's got a lot of big coin. there's no yield. so okay, here's the volcano. bonds are going to be paying 60 percent. you've got all that upside with your, with your bond. plus you're helping spread the message, a big coin globally, which helps his position. he's got a lot of bitcoin. yeah, this is a way for him to have a triple winning situation. i think it solve it or i think that's how better is 11

delivering to the world, new or financial instruments. yes, that will give countries freedom. we're going to talk about that a 2nd. we're going to do it in the 2nd segment, but for now thanks for being a kaiser for a while. thank you. thank you. all right, that's going to do it for this edition of cost report with may max kaiser and stacy herbert white. thank our special guest williams, ariano, and so next time my, ah, ah, join me every thursday on the alex simon, sure. and i'll be speaking to guess of the world politics sport. business. i'm show business. i'll see you then. mm. ah,

whose this is all smart city is a city that's using technology to make people's life easier to happier, collecting a lot of data to try to improve the way things are in theory, these big organizations that are now the mating and pulling all that data together they're not looking at you as an individual, necessarily the booze data being collected so much data that there's

a real possibility of privacy violation. and that's something most of us wouldn't want to wells transparent, but we must live with permanent surveillance. a top stories here on our t v news that bloomberg inadvertently publishes a headline saying russia has invaded ukraine. they've come to the criminal to have a bit of a joke about it linking bloomberg to that of fake news truckers in canada, protesting mandatory vaccines are banned from the go fund to me side after raising millions the platform accuses them of inciting violence. the faith new c b c is telling us well these violent truckers, nobody is supporting us. yeah. why don't you see come down to the soup kitchen and try to feed some homeless people or help us clean the war memorial. right.