even works in cobalt mining in the republic to earn a living and pay for schooling. next time you use a fancy gadget like a smartphone camera laptop, and just remember that there's a chance it works thanks to a child hard labor children like john michelle. henry at all countless others like them with good i am ash kaiser. this is the guys report boy, do i love the smell of burning central banks in the morning station? right. you are referring to this headline, which is

a great metaphor for the entire economy as it burns down money printing factory and france is on fire, says russian market, a bank of france factory is on fire in the city of show me a $24.00 people have reportedly been injured, it's not clear whether any cache has gone up in flames had hip r t that com sky is the limit between fix s and dade, but claim that you don't have the problem of your money printer going up in flames . but you know, this is a great metaphor for what's happening in the money world around the world. it's all going up in flames. either actually in reality or figuratively as big coin becomes a global standard. so goodbye fee of money. hello bitcoin. of course we and kaiser reports covered, alex schafer, burning banks, the famous artist to burn the bank back. oh, it was 20092018 was

a metaphor for what they were doing to the global economy. that's what alex schafer, the artist told, homeland security and the f b i when he was visited by them to ask him about his paintings of burning chase. yeah, i know i'm off in the same tearing up paper money at events around the world. and as somebody pointed out recently i convert the inflationary money into a deflationary currency because those ripped up pieces of the dollars. can i autograph a lot of times and the people sell them on ebay for a massive premium? so i'm actually quite the out the list of course, in the whole crypto currency markets, as they call it, i bitcoin, plus the thousands of other impostors which are merely just, you know, individual c, b, c's. there are just like printing money in their own personal operations, whether any coin that is not big wine. so one thing that they do, like

a theory of recently did as they start to burn some of their supply in order to increase the value is just like a way to manipulate the value of their money interfere with the price signal, just like the central banks do so this is a proof that the fee out currency is merely just another all point when there is only $1.00 point which is bitcoin. yeah, exactly. check the money world and the all fine world, including and theory m are equivalent theory and the other 11000 all points are that they're no different than all the worthless money out there. that's every time you hear of like a dow or some sort of smart contract getting hacked and hundreds of millions of dollars being drained. well, just think of that building on fire, the central bank building on fire. that's what it is. so that's burning all down. that's a great metaphor. and of course, as max and stacy predicted right here in kaiser for, for the last 789 years that despite what the mainstream press, the saying,

despite what russian observers, russia, observers, were saying, well, you know, pushes, jumped over into the big queen, mean ost fear he's a mean lord, and i'll show you pump it. that is, president putin made himself a figure in a bit quain me most fair and then we have another cool one. i think this one's actually from big coin magazine who took the orange pill today. right, well, it makes the strategic sense to, to, to recognize bitcoin because of course, russia is one of those countries where they have to deal with the united states weapon izing, the u. s. dollar. in a way that's unconscionable, some might say. and so it's obvious, an obvious move to gravitate towards big coin. well, you know, again, we covered here on kaiser report when we interviewed jim records, i think was back in 2201011. when the dollar was weaponized was its

demise. it wasn't like you could say it's unconscionable or whatever, but the fact is that's when you stop being money, because if your money is not fungible, it's not money. so that's one of the 5 basic ingredients needed to be money. the us treasury was money, it was the 1st human invention of money prior to that was gold. right. and then the us treasury is invented and this was a brilliant invention and it led to, you know, enormous growth and global trade and things like that. but as soon as it was weaponized, then it was no longer fundable and then it was no longer money. so it was, it was inevitable. this is what we saying big point. it was inevitable. and that is what we said back in 2010 or 11 when we interviewed jim records. but when ran was pulled up swift. that was, as he said, they, the u. s. won this battle, and that was a good move for that battle. but they would probably lose the war now because alternatives would come up. oh yeah,

absolutely. so much more coming from the kremlin, the mining bitcoin, adding that client to strategic reserves along with gold. lot more news coming out of the kremlin on this. as we've been saying for 10 years, a lot of people would say, hey, you know, you talk about big coin on your show and big coin is quote, unquote, augusta bitcoin. and i kept saying for 10 years now, the, you know, read between the lines folks, what's really going on. right? and just so you say this is the headline from b t, c archive. and what they were saying is russia to legalize and license bitcoin exchanges. so obviously you camp and that point is not possible to between band bitcoin. and that is why we always say, like, whenever anybody funds and says china is going to ban bic, wayne or india is going to ban pequeno. russia is going to bend. finally, like now you can pick point, you can ban your citizens, of course, like from having any sort of freedom or liberty air, economic sovereignty. that's true. you can bound them from that. but you can't bend

that point. however, now they've chosen not to bound their citizens from having economic sovereignty, right? i mean, you can band break coin all you want, but you cannot enforce any type of benefit coin. and i think that's what countries around the world to figured out. and so they have taken the polar opposite view that they, you know, maybe we should get into the global hash race, the global hash war. and let's be part of the 21st century. the u. s. dollar having been world reserve currency now for a 100 years will probably be the last to enter the hash race that 3 for $500000.00 coin, which would be terrible, terrible for the united states, but you know, the way the cookie crumbles. well, speaking of the cookie crumbling, it has nothing to do this next segue. because i am going to point out that we are here in el salvador. and a remarkable story happened for the huge story while we were here and we were part of it. like, not only do we know all the participants and the bit for next hack,

the biggest hack ever of bitcoin from an exchange back in 20, 16 august of 2016. something like 810000 bitcoin were hacked off of the bits and ex exchange. well, 94000 of them were seized this past week or announced that they had been seized by the u. s. department of justice had announced this and celebrating the bit the next news in el salvador, this morning with max kaiser some, some out simon dixon and others. of course, the others being a certain, somebody from bits and actually took the photo. right. this time, the style jack, this all the reveal of the couple that are in new york city that are being connected allegedly with the hack 110000 big coin or so. and i say no stylistic. because before there michael sailor got involved in big klein and before jack dorsey got involved with big coin before mike nova grants got involved in big fine

this couple of eccentric kind of really crazy people. that's how big coin was from when we 1st started 2011, all the way through 2017. really for the 1st 5 or 6 years, a big coin. people were buying and selling hundreds of thousands of big coin losing big fine. these were pariahs, social outcasts. so this is probably the last time we're going to see a view into a big point. culture was for the 1st 5 or 6 years with these absolute nuts that have been connected now with this huge bit, but for next half. so i'm a bit nostalgic about this, these people who were charged by the department of justice as alleging having some role in this hack. they whether or not they actually have the exchange, we don't know, but they certainly were in possession of the coins. it was actually close to a $120000.00. it was something that 10900754 bit quinn had been hacked. when they

changed, they found the department of justice seized 94000 coins from this couple. the headline from the wall street journal reads, justice department says it seized $3600000000.00 worth of bitcoin stolen in 2016 hack the value of the big coin at the time it was seized last week. mark said the apartments largest ever financial seizure when, when the coin 1st hacked off the exchange, it was worth 70000000, had we, they recovered all of those points. it would be worth $4500000000.00 today. so that shows you also like the growth of bitcoin in that sort of time. at the time we were also covering gold and gold is still at the same price, as was fact. and just so you see the difference between these 2 asset classes. absolutely, and in another few years those collins will be worth $3.00 to $4.00 trillion dollars according to the article and according to the allegations from the department of justice,

these are the 2 people that they arrested and charged. ilia lichtenstein, he's 34 years old and his wife had their morgan. 31 were both arrested without incident tuesday morning and manhattan. that department said they have promoted themselves on social media as entrepreneurs, with deep knowledge of tech, and a love of travel. they are scheduled to make their initial court appearance on tuesday afternoon. that happened earlier this week. they made bail it was. i think it was set at $100000000.00 in the u. s. i think you'd just have to come up with 10 percent of the money. but of course in on have a huge social media profile. there's loads of a tick, tock, sort of rap videos that are cringe worthy, and that's all out there for the world to see. but you know, we started with this is the big white space and this is a mean lord space and this is a, they fit in right with the mean, oh, sphere you have a puts and pump it. and you have these, you know, alleged hackers are doing crazy cringe dances on tick tock. right?

you have, you have the michael sailor jack dorsey, then he had el salvador and now russia. so the game theory is gone up to the sovereign level. but these 2 involved largely in the bid for the exact are really it's like a jurassic park moment to me. this is the way, the whole business and the whole culture a big going was for the 1st 5 or 6 years. and it's like seeing jesse james suddenly appear out of the wild west and, you know, walking down the street or some, you know, abraham lincoln is suddenly back and alive. right. so it's really an incredible moment. they'll probably be the last mom and we have in big coin where with the way we actually were living this whole business for several years. so very sad to see, but also very uplifting was interesting. of course, you know, when, when people say, you know, it's used for money laundering and stuff like that. the problem for this couple became that they had on paper $3600000000.00 worth of net worth. but they couldn't spend the big why it was very difficult and they took, they did spend some of it,

and that's why they're now arrested in facing many decades in prison. they were using some of it. they bought walmart gift certificates by a bit refill, which is a service where you could use your bitcoin to buy gift cards. they also bought some f, t's and gold. so somewhere along the lines, apparently, according to one of the articles, they're saying that they, they used an e mail with their bit refill a gift cards that was connected to an exchange on a server in russia, which worked with the f b i to give them the information of who the actual person was that was linked to that email address, right? people don't use big claim for crime, for this very reason. the highest percentage of global prime that employ bitcoin peak several years ago at around one and a half percent. and that number's gone down to under one half of one percent. it's not really practical for promos to use big coin. that's just a point mainstream media uses incorrectly. anyway, we're gonna take

a break. and when we come back, much more timing here away. ah ah ah, john is not expressing itself for having this willingness to lead quite to the coach a china is still trying to learn from others and trying to do business with everybody, particularly with russia, with us, with the, you know, it's not to office child nation this is something that the whole world needs to understand. china throw out the history. never has this. experience of colonization never has just experience of trying to bully

others, always tried to make friends with algorithms. 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 silicon valley. see, don't mention in that slick presentations. however, the ghost workers who train less self, well, 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 long rouble workforce that feeds algorithms for next to nothing. and a very good day, i could do $5.00 now at a really bad day. i can do 10 these workers room, isabel,

by design. it's about labor costs, but it's also about creating layers of less than a responsibility between those who solicit this kind of work and need it. and those who do it on ah, welcome back to the kaiser report on mass taiser time they had returned our conversation with josh young of new story. jerry josh, welcome back. thanks. it's a pleasure to stay on, you know. all right, so that we're talking about this thing remarkable project that you're involved with it, say about giving low income folks home and a pastor owning those sounds and anal, salvador, this the 1st time ever in history, this is ever happened. this is yeah. owning your own home with something seen available only to very few select and now it making it available to everybody. so the, the home owners,

hopefully bitcoin accelerates that as well. we're going to get into a big coin side of it. and. 2 so talk a little bit about the relationship with the homeowner, right? because they're not, they, they've got a responsibility here, right? they want to talk, talk about it. so through our work, we started as a 100 percent philanthropy, and we would gift these homes completely. we've realized early on that families wanna pay for their home. it provides, dignity, provides respect and a lot of pride in being able to pay for your home own home families take care of their home a lot better if they take care of the community a lot better when they invest into it. so for our 1st have it was to charge families ran and hold it in like a community fund and this community fund would go towards building roads or churches. the community would kind of decide their plan, playgrounds, things like that. and now we have took that one more step further and our

big charging families, the entire cost of the house, and we build it super cheap. i at the highest quality as well. so less than $10000.00 of families can own use, saw the home, $32.00 stories, bedrooms for 1st time in these families lives. they have running water, electricity. it's really high quality home building out of am i correct in saying, you know, you driving around el salvador san salvador. yeah. there are, there are a lot of nicely chain shacks. yeah. right. what under floors or no running water? i mean that's the standard of a low. busy low income family and we are old squatters to all those. you see along the side of the roads. they don't own that land, it's just, they've set up shop and as else, and they specifically become more desirable place to be people who actually own that land are coming in, trying to sell it to different resorts and things like this. and that's

displacing all these families. so now not only do they, will they not have a decent place to call home, but they won't have any place to call home. so that's why the spotted dory of gentrification. yeah. right. they are saying bad for less than $10000.00. yes. you can set up and i saw the some 2 story home concrete, solid, 2 bed 2 bath running water in a nice community roads. yeah. really nice homes, um and south and it's a path to owning that home. you know, the, and the people that are living here for generations will continue to live here. yeah, absolutely. and the part of our innovation is taking community feedback into designing our home. so we interview all the families that we plan to house and we listened to their worries, their concerns, their hopes and their dreams. and we really design the community in partnership

with them. so that adds the level of pride they have into their home. and these are generational homes built again at the highest quality we never sacrifice quality for cause and with or innovations. we're able to lower the that cost of the home building process and we charge back at price. and in that way, as they pay back there actually funding more families to be given a home because all of that money that we receive in return goes to building more houses. right. so say that you found that giving people, homes actually it's, it's preferable to people buy their homes, there's more of us and for them it's not pride. it works out better for everybody. people. it's so it reminds me a big point, right? big point is a proof of work. big point is low time preference and as opposed to the money which is just giving money away and it creates a lot of problems that we're all suffering from all over the world. them big point,

money is proof of work. so this is proof of word for low income housing. and there is a big point component this whole project, right? yeah, absolutely. so we are building the world's 1st community that will charge exclusively repayments will be made in big point. so a part of their document is that they will pay via the lightning network. it's going to be denominated in usd to protect families. they don't have to hold bill bitcoin until they make the payment. but of course, any excess income they can hold big coin and they can start thinking about with well generation really, their mindset completely changing. so, and that's what we see with a lot of our beneficiaries of their mindset. just completely changed just i mean, imagine yourself like if you don't know where you're going to sleep at night, we call this bible mode living. you're worried about where your family is going to be protected when what they're going to eat next. once you have a home,

you don't have to worry about keeping your clothes dry when it rains something i've never thought about, but i'll run of the family. they can go to work if it rains too hard because everything they own will be soaked. they have to protect it and that way. so i, once you have the foundation a home, you can start to dream about something so much bigger really become who you are made to be. it's the foundation for everything they need to fine. dr. families can folks guess on, on school. kids can focus on school, they have a place to study and come home to that safe, and they don't necessarily need to work at 10 years old. and then, as i mentioned before, their income increases 63 percent on average. people can become entrepreneurs, they can take more rest, they can hold more wealth because they're not immediately thinking of today.

they can start to dream of the future behind. beyond home ownership. right now, i mentioned a wide compet nader as silicon valley start up. incubator is involved and of course, when he mentioned that i think about san francisco and they've got an incredible homeless problem. people living in the strait, it's become open, not verification in the street and some of the 3rd world country, really san francisco. and when you go there, you can smell the human fecal matter in the air and down. so when wal america benefit from this, when will san francisco benefit from this? so our goal is global homeless. since like we imagine a world where nobody struggles, i from not having home where everybody is housed, everybody feels safe at night. we know we can't do that work alone. so we're

focused on making innovations within the housing space focused on every one of our communities. has the purpose so either increasing the speed of construction, decreasing the cost of homes. oh wow. containing or even increasing the quality of home building. and then home ownership is a part of that financial side. so it works there because the leadership is visionary and they, and the leadership cares about people. and i guess the reason it doesn't work in california is because the leadership is ossify, the walking dead and they don't hear that a fair if you can go that far. i wouldn't go that far as to somebody. i mean, if you look at the, you know, what's going on there, how can you not come to that conclusion? right? i mean, it's at the depths of despair are skyrocketing in suicide, skyrocketing because the leadership doesn't care. and they profit from the misery, right? this lead at the factory as the leadership that it's actually saying we care about

the human life, which i don't find out in california. here's what i'll say i, i, in positive to el salvador. the government has been such a blessing. you met michelle sold the housing minister. she works with us on projects. and when we come to her with, we need help. she's looking for a reason to say yes, and i've seen that throughout el salvador and that the government here when they to genuinely want to help people. and they look to say, yes, we're in america. oftentimes, they're looking for a reason to say no looking for a reason to hesitate to pull back to be safe. you can see in el salvador, they know it's important to take risks to benefit their people. how important is making big claim legal tender to the mindset of the country. i'll speak for something specifically. and it's one of the things i'm most proud of for this project is that mindset switch,

even from kids. so i'm gonna brag on is mile. he's one of the home beneficiaries in l sante. he seeing all this work done by jorge valensuela cheberra for the rest of big coin beach and all the things that were accomplishing here. and he is dreaming bigger now he, he is going to be the one paying the mortgage in big coin at his home for his family at 1900 years old. he figured out different ways to be an entrepreneur, really like his 1st one is he saw a guy was traveling 30 minutes to get ice and then realize that he invested into an ice machine you can produce. and now the guy comes to him because it's closer and he can make money off that investment. he started his clothing brand and you know, learned about the coin early on, helps epic coin beach and even gets paid by big coin beach. and you can see because

he has mentors and i've seen this in my personal life as a kid who grew up single mom, one bedroom, but me and my little brothers all shared as i had more mentors and life, i started to dream bigger. just because things are possible things i never had thought about and now working internationally. and you can see his mindset completely changing right before eyes within a very short time period because he has mentors doing the thing. this is the country of innovation. really let me know about 35 people contribute and to this project. so you can follow us on twitter and instagram, add new story, charity dot. org feel the update you can contribute in a major way by being a builder that's a minimum of $50000.00 a year before 3 year pledge helps us hire for the future, reach our ultimate goal. and you can just be an arc. it's what we call you can text

they fun home. less than $10000.00. and you can completely, how's a family for generation? multiple generations and awesome. yeah. we in the project out. it's incredible. it's just another incredible start. josh, thanks for being a class report. yeah, thank you. all right, and that's going to do it for this edition now because the report would be max size or, and stacey or gas josh young of the new story, charity that org until next time with the mediterranean is the world's most proficiency unsustainable exploitation of its fish. dogs, which maureen biodiversity undergoing threat and your selection. again, the quote is for sure your guest on this is because our system can continue to pull

nikki careful for a tech and wants to put our lives despite the ease. promise is to end over fishing by 2020. the situation is changing to slow. well, i'm very disappointed with that they basically in public interests. they also do not in the mid interest of officially. the only interest of the fishery will be on the face of the only ones in danger. the fishermen also at risk of losing or picking them up some group or they get to them about that. i'm going to bubble when i get them. i'd be real. she's been the liberals of abusive clock on screen with

a it is likely to begin with ariel bombing and missile attacks that could obviously kill civilians without re or to their nationality. while washington vividly to fix what the alleged russian invasion of ukraine will look like. western media, speculate on the exact date, i think it'll happen. as russia continue to dismissal reports as baseless propaganda. prime minister has intentionally stigmatized and divided canadians for political gain. canadian politicians accused you're going to that we're going to find freedom convoy demonstrate is for his own end the prime minister threatened severe measures against protest. the u. s. as wont can prosecute, russia is involved in the can troubleshoot, surrounding rushing to figure skater can leave the office you tested positive for band.