a with a camera crew for hours history channel, archie arabic, narrowly escapes shelling, new cranes and breakaway done yet republic. people are playing eastern ukraine amid warnings that she has. the military is escalating violence in the region. evacuees have been crossing the border into russia, bridge and blue for there is such a tension here in the morning. there was an explosion of yeah, let's look over the best russians we don't abandon their own. russia goes ahead with the annual testing of its nuclear capabilities, amid threats from the head of nato, over what he earlier called aggressive actions by moscow. so if a criminal aim is to have less laid on its borders,

it will only get more than $8.00 oh $9.00. and the canadian authorities are cracking down on anti mandate protestors for a 2nd day with hundreds of police deployed in the capitol. at least 70 people have been arrested. those are head drawings for this hour. i will be back in just under an hour's time with another full and fresh. let's see with our transaction. ah, i'm nice guys, are this is the kaiser report and the we have got a lot to cover today's day. see, hey max, in the 2nd half we speak to the vice president of el salvador and soon after we wrapped our interview with him, the news broke from the committee on foreign relations in the u. s. senate. this is

remarkable. here is the headline rish menendez cassidy. introduce legislation to mitigate risks of l. salvatore's adoption of bitcoin, us senators, jim rish of idaho bob menendez, of new jersey, ranking member and chairman of the senate foreign relations committee, and bill cassidy of louisiana. today introduce the accountability for crypto currency in el salvador. the ace's act legislation requiring a state department report on our salvatore's adoption of bitcoin, a crypto currency as legal tender and a plan to mitigate potential risks to the u. s. financial system. i'm going to read the next quote from one of the senators, just so you see the, the scale of the threat that between poses to the united states dollar. because here our salvador is like a $2530000000000.00 economy. and they're saying this about bit queen as legal

tender here, l. salvatore's adoption of bitcoin as legal tender raises significant concerns about the economic stability and financial integrity of a vulnerable u. s. trading partner in central america said rish, this new policy has the potential to weaken us sanctions, policy and powering malign actors like china and organized criminal organizations. our bipartisan legislation segues greater clarity on el salvador. his policy requires the administration to mitigate potential risk to the u. s financial system and they go on to actually say it undermines the role of the us dollar as reserve currency. right. i was pretty shocked by this. really. i mean, i knew the dollar was vulnerable and i knew the dollar was in trouble, but i didn't know the us dollar was in this much trouble. that country like golf salvador, as you point out, it's a $3540000000000.00 economy by then making big claim legal tender. what the

senators are suggesting is that it threatens the entire us world reserve currency, the dollar, the us dollar gemini, and that can only be true if the united states dollar and its satellite client states around the world are engaged in the massive pansies game like burning off so i, i can't understand why anyone reading that. i wouldn't want to just go all in on big coin because as the dollars now they've shown their hand, it will with that question now collapse and big coin is paul tutor, jones is said, is the fastest source in the race. i can't imagine anyone holding dollars at this point it's, it's absolutely untenable. you must be insane. the whole dollars, you know, in terms of the us dollar reserve. here's the quote about that. and then i'm going to say a few thoughts about this el salvador. recognizing between as official currency opens the door for money laundering cartels, they always say that an undermines us interest, said dr. cassey,

if the united states wishes to combat money laundering and preserve the role of the dollar as a reserve currency of the world. we must tackle this issue head on. so they are being very blunt about what they see in terms of understanding geo politics. geo economic monetary policy. so when you look at the u. s. as a d industrialized dilapidated nation that's important, that has to happen if it were the opposite that would undermine the role of the us dollar, for example, as a reserve currency. because if there were manufacturing in the u. s. if there were a flourishing middle class, if the industrial heartland still existed, the us dollar could not maintain as reserve currency status. because remember the trip and dilemma you need to send all those dollars abroad. you need to have a huge number, massive import versus export. so you need to send all your dollars overseas. that's the only way to do it. also, the petro dollars, we've covered that over the entire middle east. when you look at what's happening

and libya, when you look at what happened and iraq or yemen, you know, the need to maintain that petro dollar in order to back the dollar. because the piece in the middle east is a told a lie, like if there were a piece in the middle east, we would have a problem maintaining the reserve currency status. so they're saying it out loud. this is actually their policy. i mean, all excellent points and, and also keep in mind when they talk about big coin being used in criminal activity, the use of bitcoin incremental activity peaked several years ago at 1.5 percent of global criminal activity. and it's crashed. it's now point 15 percent of criminal activity that was probably go to 0 because no criminal in the right mind would use big coin in a criminal activity because it's totally transparent on the open ledger, the block chain. so that's just the st categorically. patently false, what they've said they're, that's their lead statement,

and then everything else that they imply is equally fallacious. indeed, and of course, we cover this in a previous episode here from el salvador. and that is that we were sitting with the, you know, the co founder of bits and acts right when the news broke, that the u. s. department of justice in the f. b i had arrested and returned and seized 3 and a half 1000000000 dollars with a big coin that had been stolen in a hack from bit for next bit queen exchange back in 2016. so it was traceable. they found it they, they got the bit coin back. now in terms of with the sovereign nation, the leader of this sovereign nation of el salvador. how he responded to the u. s. senators threatening el salvador. ok, boomers, you have 0 jurisdiction on a sovereign, an independent nation. we are not your colony, your back yard, or your front yard. stay out of our internal affairs. don't try to control

something you cannot control because of course you can't control big wine. that's the thing, it's a censorship resistant, or you know, they can take you off swift. all they want have your dollar game over for fear. we've got big point, right? so it's censorship, resistance. it provides individual sovereignty to the individual human being. but apparently, as you see, to the independent sovereign individual nation, right? as we said now for many, many years, you cannot enforce a band a bit going. countries have banded. they found that they couldn't enforce the band and they flipped, they became supporters. they are now hoarding, they're now buying their ma, mining big coin. this is true now in ukraine. they just made a move to legalize bitcoin. it's true in russia, they're now moving toward big point is true in india. it's true in germany. the policymakers are saying, you can't stop it, we can't stop it. they realize now the game theory is on and they need to start

mining and hoarding big coin or be left behind. the u. s. could be in a very, very dangerous position right now in terms of human rights for the population because it's a stab effectively not defending itself against the encroachment of big coin superpowers. right? so let's move on to the next headline. that is an interesting one happening here about between on the balance sheet of these nations and achieving some sovereignty from a decaying empire that's collapsing. and it's going to start to lash out. but, you know, the other thing that the president of harvard are nosy kelly has done is called the i m f to go pound sand essentially. and i want to show you a headline that's kind of been missed over the past 2 weeks. i certainly had missed it because there's so much happening here. but this is a proposal in lebanon to do because lebanon right now. they think they need a bailout from the i am up, but in order to get a bailout from the i m f,

they have to deal with the situation in their bank with the billions of dollars, tens of billions of dollars of bad debt. now remember, back in 2019, they fees, they froze all funds, any, any dollars us dollar that you had in a bank account in lebanon has been frozen the whole time. so here's a proposal about how to disperse this over a $100000000000.00 and us dollar cash that they've ceased. lebanon plan sees 93 percent currency slide turns the bulk of fx deposits to pounds. a government plan for tackling lebanon financial crisis projects and 93 percent evaluation of 11 each pound and converse, the bulk of hard currency deposits in the banking system to local currency, according to a blueprint seen by reuters of a $104000000000.00 of hard currency deposits, the plan for seas returning just $25000000000.00 to savers in us dollars with most of what is left converted to pounds at several exchange rates,

including one that would wipe out 75 percent of some deposits. so this plan has been like they keep going back and forth over the past 3 years. and basically the debate has been, who eats the cost, who has to pay for this? is it the government? and the central bank is that the bankers and all their bad debts, or is it the depositors. and this new plan sees the deposit, or is the ordinary jo baggett donuts in elsa in lebanon? right. well, when we visited a route, lebanon, 7 or 8 years ago, big coin was $5600.00. we met a young man named safe dana. most told him about the coin. within a couple of years. he started buying big coin and he wrote the book, of course, a big coin standard, and he's not suffering this massive evaluation or the many, many people in lebanon. we tell to buy big point at that time. they're not suffering this evaluation. same thing goes canada, right? now can canadian banks look like there's a lot of trouble going on there?

countries talking about confiscation and freezing accounts. those folks at the big point in canada will make it, they'll get to the other side. if you don't, you'll probably get destroyed. but same is true now in the united states and countries all over the world. if you don't on big client be destroyed. i might add that in fact we did meet doctor save dina moved in 2011 and we told him about the coin. and if you look at the price chart of big coin, you'll see that it was actually $1.00. he then did contact us when it was 600 dollars, i think in 2013 or 14. and we helped him figure out how to buy some big coin and now he is like one of the leading thinkers in the big, quiet space in terms of the $69000000000.00 and losses that have to be eaten by somebody. here's with the article and reuters points out dividing the losses. this time the losses are divided out as follows. 38000000000 by the depositors. 13000000000 reduction in the capital banks, shareholders and 10000000000 and government perpetual bond,

and 8000000000 by the central bank. so as you see its ordinary depositors that are having to bail this situation out, just as ordinary depositors had to bail out cyprus. well bail in cyprus, this is the bail in model, and it's coming for other nations around the world as this game over for fee at accelerate. and like our friends safety, you know, moose in lebanon at that time. like he got big when he got wise and he got it at the price he deserve. and, you know, look at the game theory going on here, and i either get it or you don't yet, like we've been saying for 11 years, only keep money in the bank. only keep the money that you're willing to lose. if you anything you want to save, he need to put it in big client and everything else will be taken a bale and as they call it, well, look at what canada is doing. they've rewritten all their emergency laws to seize. not only your bank accounts, but your security counts any portfolio stock portfolio. you have

a housing and like everything they could seize all of your well, if you are protesting their policies. wow. and i just thought a lot of maple sugar. all right, we're going to take a break and when we come back much more coming your way. ah, ah ah, ah ah,

join me every posted on the alex simon. sure i'll be speaking to guess in the world, the politics school business. i'm show business. i'll see you then. ah, welcome back to the kaiser report, i max kaiser time out of turn to very special gas, the vice president of el salvador dr. feel if you are welcome. thank you max. now what's happening right now is that there's a shift in their global economy and the center of power in the u. s. with the u. s. dollar is being challenged. it's being challenged by something

called big coin. and it's all happening in el salvador. you're the vice president. first of all, how did you, what, how did you become vice president? what's your relationship with president pl kelly? oh, well, it is a long story. i met him see his he was mayor. well, very small town. and then he went to express his interest in getting elected as a president of mayor of the capital city. i joined his team, so we warning his campaign, we won a, he became a mayor of san salvador in 2015. then what with this i, he decided to run for president, he called me to we part of his team also, and we were working on it. and finally, when he got all the opposition for the whole system, economic power, se seduce shields, political party, their traditional media, everybody was trying to impede him to run for office. so we fault it.

we find out on ways to get him a is, are you still as a candidate? but the last movement of the traditional system was to cancel the political body who allow him to be borrow it. then with this i was, this is only one chance and they won't charge was 2 hours away of the day or line to with or use that. and he found this body, gunner, he called me, hey, i saw that i was call a saw lawyer because i was the legal advisor. when my surprise was the one you said, okay, you sign here. i said, what for? he said, because you will be put on my ticket. so yeah, the ticket that i was surprised that i couldn't even check with my, you know, all my relatives, my wife had said that because we were one hour away from the deadline. so i immediately signed it because he was that sort of commitment from the wholesale below the us. once he said, don't leave me alone. he claimed that, and i was

a sort of to a full, you know, attend that to be ready will sterling. we won't lead you alone in that we have them . um and we asked me to we part of the tool. he's ticket. i couldn't say okay, lindy chicano, immediately i react, i sent in and then we started the campaign. we that elected here, i am now. right. and this is the new ideas party. absolutely, absolutely. i do of yes, body was his pro, the political pride. who that, i mean that party was not allow to run in their presidential elections at the moment because i said the whole system, the whole legal system was trying to impede him. ford running for office, right. let me just ask you a question generally about politics in el salvador and also in central america. and you can say in latin america, there's always been this tension between left and right. and it's been going on for

decades or, or you have a left wing parties are a populist and they talk about wealth redistribution and land to read distribution . and then that doesn't work out very well. and then a right wing comes in and the aggregate power and the aggregate land and power, et cetera. and this dance has been going on for decades. here in el salvador, president kelley, it seems to have shattered this paradigm and introduced a brand new paradigm. and he's introduced bitcoin when, when he 1st told you about big coin, i'm assuming he told you about it. ah, what did, what were your thoughts at that time? when i for, i don't know if you are familiar with some sort of is say political is say, thrawn francis fukuyama. it was written in the last and yes, in $99.00, he wrote it on the end of it and he started. so that idea was that it wasn't the end of the he study was the end of ideologies. and he claimed that today liberalism will be, you know, the future for mankind, isabella,

i think that that prediction from fukuyama that it was the end over the ology is coming like a true you said the reality. because as i rapidly said that she had to book a la is not the men of ideology. he's our men of ideas. and the idea that great idea, you know, adopting our legal currency, a crypto currency. it's it's, it's like a disruptive, vis, young, not only on politics, but also on economic in for isabella. doesn't mean that said saddle has been good now in the leadership were white in is the situation that you mentioned the challenge of their fietta currency at the dollar us. right. let me, let me jump in here for a 2nd. so you mentioned francis fukuyama. he had a very famous essay in 1990 the end of history. and it really referred to the end of the berlin wall and the collapse of the soviet union. and i know people in the

united states interpreted that as we one they lost. but here we are in the year 2022, and it doesn't seem as though the united states and great britain and europe understood the lesson of the end of history as well as el salvador. as you're describing it, it seems as though as you aren't giving are your view of that as a very famous essay is that the end of history means the and is the beginning of politics driven more by ideas than ideology. is that a fair thing to say? that is absolutely correct. and as you said, the western didn't understood the less of the history. they further because the soviet union fell apart. i mean, they were still won this battle between the ease of the west, meaning the social is on capitalism. and that is not neither the current,

the current situation in order or what was the result of the fell down this. i mean, you know, okay, it was incredible because in united states people are still debating, socialism versus capitalism. and there's a big move in the united states. now back to socialism, when you hear something like a universal basic income. when you hear about politicians talking about issues that are fall under the heading of social justice in this type of thing, this is patently socialistic or is el salvador is said, you know, beyond that we're move beyond that and with big coin giving the possibility to break the paradigm, what is it about big coin that allows a country like al salvatore, to make such a bold kind of move into the future. what, what is it about the coin you be going so freedom the freedom of financial decision

making process. because so far, the feared currency has been the tool for a way of sort of the table to sheaf of the big, big support powers in you could say the u. s. door loud, you could say the arrow. you can say the pound of the british foster pound, so whatever, if he had currency is dealed by the central banks or the file by the federal defending they raised is mean that you have the control and you control economy. you can, can, you can control politics even culture. i mean, you control everything. so when this new way that the sort of new revolution in the financial field to worldwide show ups, i mean, immediately the people why use is like briefing a new era of freedom. and we have seen the reaction of the, of the, you know,

the collateral institution realizing these to show for these to like the, our bond. and we have all these, i mean, but so far i think that they understood that this is a told that they never will win because do you think they live and then i get the impression they know that they've lost the battle. i think they're still in the problem statement. they will still challenge died and they will still warming the nation on the government. don't run the risk. you are losing. like you said, all these companies, they're moody is, or rates are the standard and poors doesn't say no. it's not about he's losing the grade to because they bid money, they're going. i mean, i think those are sort of a threat just to discourage as the prophy and they said no, because we have oil, we have gold would diameter. we're not sure our sources because we could be a bad example for ours. i mean, a fellow star being, you know,

focus on, on the, on the war economy. i think tanks and many people are more of a kudos they are interested in coming to us. how many people have called me for euro from social medical last call. i received for was from mexico, the people that interested to come over here and try to do some sort of research to, to socialize with the sales of the exist stanford and south system, isabella. to see how co, how we are managing this ploy. and basically, how gung revealed the legal framework to allow this new or economic financial system. the chorus healed the bitcoin as a legal tendering, isabella in this, a sort of legal infrastructure. and we are dealing with, does that mean that is, salvador hasn't how this harmony between the executive branch and the legislative

branch. okay, now it's interesting. so let's, let's focus on that. so 1st of all, you began my talking about freedom and freedom seem to be the exact opposite of what the imap is interested in. what the world bank is interested in, what all the central banks are interested in. they're interested in control. they're not interested in freedom. so if you have a country that is now openly free in a population is free and you have an unconscious gable. well, that's a challenge, enter and a threat to their model of control is what i'm hearing. you also said something very interesting. so with big coin, the harmonization between the executive, legislative and the the executive legislative and the judicial branch of government, there is harmony. talk about that a little bit. that's fascinating. oh yeah, because you know, of the beginning we were, i mean, the image of the president mckelly was present as a new dictator to

a new way of detailed sheaves. he was called the millennial dictator. and these kind of general blog ledgent. i mean, something that has all the not true. now people are realizing that he has on his strong leadership, it being on a strongly that, that he has up that he wide, poor, poor, are back support for the population. now is that the time of the institution to, to present, to him this back support. and that is the time of the new leisure, the new national assembly that was elected in february 2020, 2021. okay. by means kind of a one year ago. it offers on may the 1st and from the 1st day, many los were submitted to the lease leaseholder from the executive that duty there 2 years that we were in office because we were electing and i t in 2019 . so we have to wait 2 years until a new assembly or

a legal issue was elected. and now with this harmony, we have proof that the 3 branches of the government did you, the city, the lila 2 and the executive are working in harmony and in the same way. all right, so we're going to kind of out there when it comes back into a 2nd segment. good for now. we say goodbye doctor felix. thank you. ok. pleasure to stay right there and i'll go away. i will move nice chairs that's going to do for this additional the kaiser report with me max kaiser and stacy herbert again thanks to our very special guest doctor. feel if you are the vice president of el salvador. so next time. ah ah ah ah. well, oh oh oh

oh, i know. ah, it what we've got to do is identify the threats that we have. it's crazy even foundation, let it be an arms race is often very dramatic. that development only personally i'm going to resist. i don't see how that strategy will be successfully, very difficult time to sit down and talk with

me. oh, well controlled to parts. it's hard to find a more discouraged and tempting subject for a learning conversation than the existence of the transcendent, like to forbidden fraud. it calls and asks from the great works of art and the most mundane occurrences of our daily life. but to the rational mind, the thought of a higher power is akin to the original sin which comes with the donation of being expelled from the eden of scientific method. but art science with a capital.