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 shami, a 24 people have reportedly been injured, it's not clear whether any cache has gone up in flames. hat tip r t that com sky is the limit. the clean fix is this. indeed, the big 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 good by fee of money. hello bitcoin. of course we and kaiser report covered, alex schafer, burning banks, the famous artist to burn 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 f b i. when he was visited by them to ask him about his paintings of burning chase. you know, i'm often 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 money bay 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. they're just like printing money in their own personal oper,

asians, whether any coin that has not been fine. so one thing that they do, like a theory of recently did, is 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 m and the other $11000.00. all points are is that they're no different than all the work history of 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 was 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 puts, it 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, my saying 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 calling. well, you know, again, we covered here. i is free for it. when we enter the gym 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 fundable, 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 bitcoin, 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 been calling 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 in big coin is quote unquote, against a big coin. and i kept saying for 10 years though, the, you know, read between the lines folks, what's really going on. right? and here, just so you say this is the headline from big b t, c archive. and what they were saying is russia to legalize and license bitcoin exchanges. so obviously you can't ban bitcoin, it's 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 by we like, no, you can big point. you can ban your citizens. of course, like from having any sort of freedom or liberty or economics warranty, that's true,

you can ban them from that. but you can't then that point. however, now they've chosen not to ban their citizens from having economic sovereignty, right? i mean, you can bam, bitcoin 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, hey, 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, that's the way the cookie crumbles. well, speaking of the cookie crumbling, it has nothing to do with this next segue because i am going to point out that we are here and all salvador. and a remarkable story happened or the huge story while we are 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 coin were hacked off of the bits and ex exchange. well, 94000 of them were seized this past week or announce that they had been seized by the u. s. department of justice had announced this and celebrating the bits annex 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. that is kind of the style checked us all reveal of the couple that are in new york city that are being connected allegedly with the hack of a 110000 big coin or so. and i saying a stylistic because before they're michael sailor got involved in big klein. and before jack darcy got involved, a big coin before mike,

nova grass got bol the big file. 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 are connected now with this huge bit, but for next hack. 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 hackley 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 coin 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 sees $3600000000.00 worth of bitcoin stolen in 2016 hack the value of the big coin at the time. it was seized last week. marks that the apartments largest ever financial seizure. when, when the coin for 1st hacked off the exchange, it was, were 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 it was back then just say 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 i 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 just have to come up with 10 percent of the money, but of course in on have a huge social media profile. there is loads of a tick, tock, sort of wrap 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 this the mean, oh, sphere. you have a push 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 has gone up to the sovereign level. but these 2 involved largely in the bid for next act are really like a jurassic park moment to me. this is the way the whole business. and the whole culture of big coin 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. and right. so it's really an incredible moment. they'll probably be the last moment 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 uplift 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, you know, 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 email with their bit refill a gift cards that was connected to an exchange on a server in russia, which worked with the api. 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. calendar one half of one percent. it's not really practical for promos to use big kline, 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 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. a more placing 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 workforce that feeds algorithms for next to nothing. on a very good day, i could do $5.00 now. a really bad day. i could do 10 use workers are invisible by

design. it's about labor costs, but it's also about creating layers of on western responsibility between those who solicit this kind of work and need it. and those who do it with ah, welcome back to the kaiser report on mass taiser timed out, returned our conversation with john 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, and path to owning those homes 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 client side of it. and. 2 so talk a little bit about the relationship with the homeowner, right? because they're not, they, 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. 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. you saw the home 32 stories, bedrooms are 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 lot of essentially 10 shacks. yeah. right. what en, route floors are no running water. i mean asked the standard of a low. busy low income family and we are all 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 becomes 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 spedlari of gentrification. yeah. right. so you're saying bad for less than $10000.00? yes. you can set up. and i saw the psalms 2 story home concrete, solid, 2 bed 2 bath running water in a nice community roads. yeah. really nice homes. um and so, and its a path of 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

listen 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 cost and with or innovations, we're able to lower the cost of the home building process and we charged back at price. and in that way, as they pay back there actually funding more families to be given home because all of that money that we receive in return goes to building more houses. all right, so when you 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, but 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 fab money, which is just giving money away. and it creates a lot of problems that we're all suffering from all over the world. though 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 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 wells generation. really, their mindset are completely changing. so, and that's what we see with a lot of our beneficiaries of their mindset. just completely change 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's 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 a lot of the families 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 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 focus on on school. kids can focus on school, they have a place to study and come home to that safe. 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 risks, they can hold more wealth because they're not maybe really thinking of today. they can start to dream of the future beyond beyond home ownership. right now i mentioned why compensator silicon valley start up incubators involved and of course, when you mentioned that i think about san francisco and they've got an incredible homeless problem. people living in the strait, it's become open, application industry, and the 3rd world country, really san francisco. and when you go there, you can smell the human people matter in the air. and so when will america benefit from the san francisco benefit from this? so our goal is global homelessness, like we imagine

a world where nobody struggles from not having home where everybody is housed, everybody feel safe at night. we know we can't do that work alone. so we're focused on making innovation within the house in space focused on every one of our communities has the purpose. so either increasing the speed of construction, decreasing the cost of home. oh, wow. containing or even increasing the quality of home building. and then home ownership is a part of that financial cycle. it works there because the leadership is visionary . 3 and they, and the leadership cares about people. and i guess the reason it doesn't work in california is because the leadership is ossified with the walking dead and they don't have a pool. is that a fair, if you can go that far, i wouldn't go that far as to similar. i mean, if you look at the, you look at what's going on there, how can you not come to that conclusion? right? i mean it's, it's at the depths of despair are skyrocketing and suicide,

skyrocketing because the leadership doesn't care. and they profit from the misery. right? this lead this country 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 a in positive to el salvador. the government has been such a blessing. you met michelle sol, 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 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 and of the country. i'll speak for on some things 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 my al, he's one of the home beneficiaries. in l sante, he seen all this work done by jorge valensuela, cham better than 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 realized 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

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 in life, i started to dream bigger. just because things are possible things i've never had thought about and now working internationally. and you can see his mindset completely changing right before i 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 on twitter and instagram, add new story, charity dot. org, feel the updates you can contribute in a major way by being

a builder. that's a minimum of $50000.00 a year before the 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 architects. 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 story. josh, thanks for being a class report. yeah, thank you. all right, that's going to do it for this edition now because report with me and stacy, i want to like, i guess josh young of the new joint charity dot org until next time with

mediterranean is the world's most efficient sea. unsustainable exploitation of its fish dogs, which maureen biodiversity undergoing thread medicine, is the lesson the getting a quote on us for sure. you understand the system you got our system. i'm not going to pull the cookie careful with tech and want to put our lives despite the eas promises to end over fishing by 2020. the situation is changing to slow. well, i'm very disappointed with attrition that they've basically not in public interests. they also do know in the midst of interest of the fishes, the only interest of the fishery lobby on the face of the only ones in danger. the fishermen also at risk of losing the plugin with all of them globally, they get it on at the bottom of the bubble. thought i get them with liberty

viewership with one of them. that makes no sense, you know, born as a team and you as a merge, we don't have a charity, we don't have a vaccine. the whole world leads to take action and be ready. people are judgment, common crisis with we can do better, we should be doing 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, the response has been massive. so many good people are helping us. it makes us feel very proud that we are in it together

with ah, well, they directly re sell advertise as a content to us and decide who sees what content when, and how much of it. facebook claims that these algorithms are there to learn about our specific preferences. actually this is untrue. they are shaping preference. if tomorrow a person finds a fake poor legit video we're saying the flat in this content ranks at least 20 percent or maybe even 40 percent or believe it's true. it is a very dangerous thing

with the leaders of russia and the us hold crisis talks. i'm it tensions over ukraine and divisions on security policy. french police fire take asked to break up a freedom convoy raleigh. a central piracy is blocked off with checkpoints and armored vehicles. all correspondence reports right from the hearts of the action. as you can see, the tear gas isn't coming towards us now. launched by the police just behind as they were trying to control. and over in canada where the movements started. security forces are facing off against hundreds of truckers blocking the ambassador bridge. a key border crossing with.