is better every one is contributing each in their own way, but we also know that this crisis will not go on forever. the challenge is great to response has been massive. so many good people are helping us. it makes us feel very proud that we are in it together and enjoying in is the world's most over fish. see unsustainable exploitation of its fish dogs, which maureen biodiversity under great threat. su medicine, your selection again, go to us. we sure your guest on this is he got us this one of them. martin franklin, nikki capital printed his hon just to kick in one or 2 but a loose despite the eas promises to end over fishing by 2020. the situation is changing to slower. well, i'm very disappointed with addition to that they've basically

not in public interests. they also do know in the mid interest of officially the only hold true interest of the fishery. moby and the facial the only ones in danger. the fishermen also at risk of losing all the bug mother ups of them before they get the then of about that i'm the level thought i get them. i be real. she's been the liberals of abusive clock on screen in a book on the phone with ah, i stagger this is the kaiser report about the encounter country club right outside san salvador in el salvador? this place is amazing. tennis courts swimming pool, great club house,

great food. and we're having a great time because by residency to live here. and i'm just mentioning this because i'm kind of in a digital thinking of myself, living here in the condo country club, my god, stacy, what a dream that would be. of course, this is bitcoin land and el salvador. so there are a few places that all the big pointers, live, san salvador bitcoin beach, and here at l. canto where you can find the console where you can find them. so max, speaking a bit, quite land. we had quite an amazing event the other night we went to nueva, video tech, a mass, and now which was the national library, was being built with funds from china. but we got to meet president kelley and care is a little clip taken by somebody in the crowd who watched this happen a a

. and so we were in that crowd, obviously we got to meet the president. and right before that moment when you see all those crowds of people all around us. but kelly had run into downtown san salvador, out into the crowds. people cheering. i'm going to show you a clip of just like how popular he is because he went out there on his own just like ran out there and the people are chairing so it was quite remarkable to be there and to witness for oh, i

was my 1st contact with president g, l a. and you know, it's amazing because immediately i, when i picked up on was a man with a vision who was very confident in the success of that vision. and was, can, can afford, in a sense of being very humble. he's a man that is completely comfortable with everybody in the crowd on stage is just he's just a very a interesting ma'am. well, it was a fascinating event and always fun to attend. and you know, things are happening is boom town here in el salvador. thanks to the big coin law and hyper bitcoin ization, i always say bitcoin plus bu, kelly equals boom times and in tourism, right? we would, there are thousands or tourists here because of the big quite a lot. and but cali, but you know, one thing i want to talk about in terms of hyper bitcoin is ation and why hyper bitcoin is ation a. why is better to be hyper big quite nice than, you know,

hang around in those last days of fields. here's i have mine that actually there's a line in here that makes me think of how bad the system is. and here's i have i and here's the headline itself. why elan mosque and joe biden, both love electric vehicles, but can't stand each other. there is a legitimate question as to why biden has been mostly silent about tesla when promoting the benefits of electric vehicles. and that can likely be summed up in 3 letters, u, a w. the united auto workers union has broad concerns about what the industry wide shift to ease when in for members jobs. because electric vehicles, how far fewer moving parts, and require less labor to assemble. ford estimates it takes about 30 percent less labor to make an electric vehicle than to make a traditional car. well yeah, that's true. there's

a lot less parts and there's less need for maintenance and, but that's true for all electric vehicles, including the electric vehicles afford and general motors. so that doesn't actually, as i understand it account for the absence of him mentioning the t word. i see my quad unless you watch is our show and you know was 6 months ago we were slamming eli mosque for being involved in all, all coins. and so a things that were not bitcoin, that a lot of people considered dangerous, centralized, garbage and like those you, which is james euro centralized garbage. so maybe maybe joe biden is, is kind of a crypto bitcoin man. well, certainly on the balance sheet of tesla is over 40000 bitcoin, there's 0 doze. so nevertheless, despite what he says, you know, the fact is his actions suggests he's a big winner, but this is not about

a story about don't. it's not a story about tesla, it's not a story about big coin or how much bitcoin mosque has is not about, sorry about him and it's not a story about any of that. what i want to point out is that to me, here is a union, a powerful group of workers who don't want to have a car build, which requires 30 percent last energy input i to is as many workers to build the unit. now, normally you would think like in capitalism, you want to do that, you want to advance and become more efficient. you would want to build whatever your production capacity, whatever you're producing, you would want to have fewer workers having to do that. so when i look at the field world, and then on the other side, i look at hyper between ization. what i find is that the theat world look at america is the top of that pyramid of the u. s. dollar fee out world. there are 12

of member banks of the federal reserve, right? dallas, st. louis, new york, san francisco, all the 12 banks. they each have a governor fed governor, they have federal open market committee meetings. they have thousands of researchers and economists and staff. they have them under them as the banking system and you have k y c and am owl and suspicious activity reports and thousands and thousands and thousands of documents just on us as suspicious activity reports . all banks have to report any deposit close or near to or above $10000.00. something like 2000000 of these suspicious activity reports are filed every year. so that this old system which employs millions of millions of millions of people to keep track of this bureaucracy of the fia system versus bitcoin, where it's the consensus model operates on itself. the network operates 365 days a year, 247 without any needing to hire any sort of bureaucrat,

any sort of researcher, any sort of a, you know, it inefficient system to try to maintain the value of that system. right? well, the software revolution that's been around for decades as transformed every industry, every company in the world and the car companies are at the end of the day, software companies that run the robots that run the assembly lines. and now with electric cars, re acquiring every fewer parts, of course, those so labor force would get even smaller. so the united auto workers union, of course, would be cognizant of that and worried about that. and as you point out, you can apply to the banking system, requires a bureaucracy that's enormous. millions of people layered layered layer of bureaucracy, which is completely different to mediated by big coin. you don't need any of that for big coin to work, but the march of software is not going to end. and the transformation of all industry is with us,

whether people like it or not. the last industry in the world to be transformed by software was money and big coined rolled into town and now money's been dis, mediated or disrupted by this software. this protocol called bitcoin and of course, bankers hated central banker, said it, but let's talk facts within 10 years, all major central banks will be gone. and we're going to be in a post central bank era. well, exactly, so that's money is now software. so money it operates on its own, but it's also being maintained doesn't sound like obviously microsoft has software and they can barely maintain it. right? well, it's important to keep, this is something in mind here. the money that runs the big coin software, the software that is the backbone. it's a d centralized protocol and has been in the works for 20 years. and it does something very, very special. it creates the hardest money ever, that's on campus gate a ball. and it's on sensor ball and it's separate for the 1st time money from state

. now, what does that mean on a practical basis? it means that a lot of the machinery of the state is no longer needed. so the state, those people who work in all those back offices of all those, even i would posit that the so called in industrial, complex military industrial complex is actually challenged by bitcoin because what backs the dollar, the war machine, that is the pentagon. so if you don't need that anymore, then all those jobs are also going to be acts. so this is a transformation, it's a chance for a and then that's the thing is like eli mosque is literally out there campaigning on twitter, asking the president to say my name, say my name, say my name and we have the same thing with bitcoin, right? the same here, the, the situation with biden's pro union. so he's going to side with the united auto

workers who want of the old combustion engine sort of cars because it requires 30 percent more of their workers. so they're naturally going to be want that right. that's the classic that you know, at the luddites are against the horse and buggy being replaced by the, the car sort of situation. so here we have the same thing with what happened with big coin for the previous 10 years prior to el salvador, which is like say my name, they, they kept on saying block chain and said they refused to say bitcoin because that was the threat that would replace them with a consensus algorithm run by software maintained by global soft where kodak. oh, who way into this with the theory of my own? so, joe biden, throughout his career, he has remained loyal to those groups in those corporations that have funded his campaign. and in the auto industry, though, there is the one name that joe biden can lay claim to is riding with biden. and it's a picture of him, i believe, into the corvette convertible corvette,

and that's a general motors product. so i think in his mind he's thinking he's very loyal to the general motors product. he'll say ford because of the 1st major american car company and then the new commer tesla. i don't think he puts by, has any legions successful whatsoever. so he's going to go with what he knows, and that would be general motors and for well, but he's going to confront or whoever follows him will confront the same exact moment when the us dollar is replaced by bitcoin, the dissenter mediation is happening. and the response you're seeing from central bank right now, they're trying to replace it with a c, v, d, c, their central bank, digital currencies. and that is just them hoping to maintain their high employment rate for their economist friends for their m t friends for their money printer friends, because it takes a lot of work to print all that money, right? so they want to maintain that system. and so what i'm saying is,

when you look at the story about what is happening with the law mosque in tesla that the president of the united states refuses to say his name because he requires 30 percent fewer workers than ford or gm because they have you know more combustion engine business, so that's what we're going to see exactly with bitcoin replacing fia, it's all, it's gonna happen regardless, but they're going to resist it in the same exact way as i laid out in this 1st headline here on the kaiser report, right. i mean it's, it's an excellent point. so in the case of auto workers losing their jobs, like going all the way back to ronald reagan in america, there's been a movement to disrupt, organized labor and organized labor. as a remarkable shrinkage over the past several decades of but when you're talking about replacing the dollar with big coin now you're talking about shrinking the federal government. and those are the folks that collect the taxes. and they're the ones that have the power to send the cops to your front door and put

a gun to your head and demand taxes. so, but that's not going to help because big coin is on campus scalable. the deep stay federal government game is over, the sooner you learn how to code the better or destroy propaganda like paul torque mount and get a job at north korea. well, stay tuned for the 2nd half where we continue our interview with william sariana looking forward to it. don't go away. ah ah ah ah.

with ah, welcome back to the kaiser report, i max pfizer time now to return your conversation with william sariana is a congressman for the law union in the area of el salvador were pick why city will one day be billed very soon. he is with president kelly's party new ideas, which is just recently had their 3 year anniversary. william,

welcome back. thank you max, and it's an honor to be here while we're having fun. you know, we were here in this very square of back in november and you showed me around and i could tell that the vision of the country in the vision of the millennials of this country is one of infinite possibility of hope. which is very different than another countries around the world. i know in my own country, in the united states, there's a lot of anxiety. there's a lot of trepidation. there's a lot of questions. people are feeling like their future is been robbed by the boomers, me, the boomers robbing the millennials care. it's a complete opposite. what do you, what do you say that, you know, we have the youngest congress in the whole world? most of my colleagues are under 30 and i just read my thirties and i think we inherited our country with so many problems that we just got tired of it. and we set for ourselves now that we have the best leader,

possibly my job. okay. we have to also step up a said generation and take action into solve those problems that we inherit from, from past generations. are you up to point? let me ask you this personally, are you at the point now in this, in your life and in the country's history, where you look at the past and you look at the civil war and you're now thinking about it in the context of. 2 it, we had to go through hard times to get to good times. you know, there's a saying that hard times treat hard man hard man, eventually cree, good times and then the good times to a soft man and then the cycle repeats. but my question is this, why are, are you now at the point where you are thinking that everything is for a reason to b and the future so bright that we're gonna just blow people's minds with what

we're doing here. you know, we grew up believing that there was a, a reason for us to go to war back in the eighty's and ninety's. but once we get into the power, and we discovered that the reason is, we're not real auto. that there were only for certain economic purposes for those elite, that's where people actually got really mad and deceived about this political classes that we just sent home said the way. and right now we look into the future and we see what our press in has been doing locally. but also we're lied. last week, it wasn't under us. and as we participated in the new precedent integration, the whole stadium packed off on durance began chanting. the gable carolyn, legible, kaylee, and that was just amazing feeling better precedence presence. even though he was not there could be felt. and also because of the example he's given were leaders

and how to actually manage crisis, run a country and step up for the people. right, i saw the video was very emotional, so in honduras, and they were celebrating the election of a new president. and i guess a delegation from el salvador was walking and the crowd went crazy. and there who kelly buccheri. because my understanding is that during the call that pandemic, yes, al salvador was, was assisting in a big way, sending food and things or s. but also i think the idea of what is happening in our salvador as an escape from business as usual, escape from the political yeah. puppet show it the people they're beginning to think maybe we're next monday. the next. yes. actually yes. that's the really we got on tourist. they just wiped the expressed in and out of the of the presidency.

because here we presented what we wiped out in the salvador and people gathered, reunited and mass voted. now what do you want to tell me? harris was walking their chair directed from the crowd that my translation, i could be wrong, but they were saying, take your trash out, take your trash out. they were referring to the previous regime in the puppet installed by america, and it's not a correct translation. i'm not exactly sure. well they said they were chanting. please take him back with you. okay. basically the same, right. but yes, i mean i added the trash bit myself. yes, i gave it a little color there, little smith. it's basically the same. people actually got tired of him, right. because the way he round the country, not from the people, but mainly for marco's. yeah. and the lights, and that's what people don't like. i said, under as a m. okay, else. and they have

a lot of mountings, but maybe they, i don't know if they have okay. know or not i could be a candidate for volcano, type bonds. another my question is that. so if al salvatore, they're introducing a volcano bond, they're gonna possibly pay down all the i'm at that they can become debt free. they got a $2024000000000.00 of debt down. it says is a country like on doors, going to look at that and say, hey, we want to make the coin legal center, or they wanna try to make that coin legal tender. well, there's many more countries in the region we've been talking about with mexican congressman. would be talking about is congressman from other countries in the central america who are very curious about what's going on in the solvent or so. i think there's going to be more countries looking into this option as we advance as a salvador into it, it won't go, we have, you know, let me just give you some data. if you walked into las vegas and you saw 5 central american countries on the board with us and which one would be the next and they make pick going legal, tender and on. doris was on that board. would you pick on doris? i think so let's talk about the church to my left. this is

a very famous church. yes. tragically. so yes, it is a little lesson about this. this is the cathedral. this is where the remains of months and you know, to middle, which now was the clear as seen by the catholic church of our lane here. he was killed by the right who was killed in mortar for protecting people. yes. and to get back your escape from bipartisanship at the time during the cold war. and you were saying el salvador is a proxy for the cold war. the poor that the priest represented were characterized as communist and therefore they became that the u. s. sent in the cia, it's was the death squads and they assassinated. yeah, they were trained by the, by the, on the is quinn on the left. america. so all the america. yes. that's what he's called. right. so the economic hit man, which we know from john perkins,

we were recently called economics a day that would raise it, which is a foolish thing to say because in fact, bitcoin gets rid of the economic hit man. would you agree with that? i do totally agree, and let's talk a little bit more about the history of central america. you know, there is a very famous figure going back to the 1800s. there's a statue of him not far from here about uniting the 5 central american countries into the united federation. i guess. is that back in clay fransisco motor end? that's where you are. very yes, yes. francisco more a son. he had a deal that central america has to be one country. right now we have the idea that central america, even though we have borders, we can live like, like brothers brotherhood working, cooperating a sri as a real family, you know, and we're ready,

begin with it or press economies of scale. there's 65000000 people in the region. this is what the volcano bonds are talking about. half trying to a trillion dollar of economic boom and asana could be the wall street of big point . what i was trying to say is that the political model that we starting, the salvador is beginning to so expand to the whole region right now. and you can see it and endure as with the foot. if you can show it to your audience, you're going to see it was going to happen. so we're going back in history with the same idea of united central america, but with different conditions, with the same purpose. yes, right, exit. the economies of scale, geothermal energy, of course, is that the bedrock of this revolution and the volcano bonds, you've got a lot of it here. we have plenty of it and it's, i visited some of the geothermal plant that i saw the, the actual bitcoin minor. so i was trained there, you know, i wasn't specializing geothermal energy really. yeah. so. 2 so i know a bit more off of all the potential is over there has to produce geothermal energy

. we're only explore maybe 20 percent of the potential we have. we are supplying energy to 2 o salvador, maybe a 15 or 20 percent of of the whole grid. but we still have plenty of it, right? so in iceland actually, you know, they use their geothermal energy to smelt aluminum, then they export aluminum as an export for the good of the country. so here you are using this to create the coin and at that point and then used as export currency as currency all over the world, right. and also to build infrastructure infrastructure. that's good, i mean, for the best part of building big consider is that he's a very new model to the whole world. and it can be replicated in different countries. president calls it a new alexandria, except that you can replicate this model city anywhere in the world. there's no capital gains tax, so income tax now, payroll tax. and it's,

you've been there. yeah, we went there. that's your region. yes. where i was going there and you were born there. yes, i represent that people that it has a land shrimp in the world. it has the best stream we have some yesterday. it is the best shrimp in the world. the best views, the best of is the best, whether the best weather for sure. and the best water. sea water beaches. well, you know, in house on t a which is big coin beach, the property prices are already starting to boom. are we going to see that over nearby wine city? you better stop buying your line. they're better. stop buying. yeah. you, you, as a foreigner you can purchase lander now. yeah. yeah. and, and the g d p in this country, they just came out with 1011 percent and it's looking like the next year. it's going to be much higher. exactly. we're just going to invest one and a half 1000000000 in public infrastructure for the people this year. 2022, that's the plan we have with the president. and we've been supporting all his plans

because we know that we're just going in the right direction. right. well i know that okay, no bonds are part of the story. big part of the story. you know, we're working very closely with the partners that have been put together with for this. and that's going to be coming to market really in the next 6 to 8 weeks or so . and i think that'll be another huge leap for the country for the economy and for big coin. so why am, thanks again for being on spending all this time with us. you're busy, congressman, and to, to give us this amount of time is really special for us. i want to thank you so much. it's been a pleasure already. okay, well that canada, so this is, this is very far with re max size or say 0 once again. thanks for special going sariana. and so next time i all

with 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 meaning and how we make sense of our place in the silicon valley. see, don't mention in slick presentations. however, the ghost workers who train the software humans are involved in every step of the process when you're using anything online. but we're sold as this miracle of automation behind your screen. it's a valuable work force that feeds algorithm as for next to nothing. and a very good day, i could do $5.00 now. at a really bad day. i can, you can use 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 with you asked me if russia wants to fight with nato. let me ask you, does night. so want to find a world with russia tonight, played him a potent warns, needed to stop play games and ignoring moscow security demands. the strong words came as the russian and french president agreed to work on stability, made the ongoing ted situation around you, right? the u. s, so taking a different road with president biden threatening, that a crucial european gas pipeline would be shelved if russia are invaded to craig. there will be no longer nor stream to we will for you. then how will you do that? i promise you will be able to.