I see their feet here. Thats another on substantiated conspiracy theory. Of course i would be wearing socks. You need socks to get to the moon. You need to wear moon boots for sure. Yeah. Moon bits are a requirement. And a lot of other stuff is dated as the whole story unfolds. I cant believe what citibank aside, because citibank has become actually even more aggressive on the price than john mcafee. And john mcafee was always like crazy beyond the pale price predictions. And now citibank has kind of taken the price prediction crown, but i think that were going to have more banks are going to be competing with each other to come up with higher and higher price predictions. But none of them are going to be capture the ultimate bull market number because remember, big question has no top because fear money has no bottom. There are tons and tons of scammers with price predictions for big coin. But theres only a few that know what theyre talking about. Theres people like paul tudor jones. There are people like stan truck miller, and there are people like Max Keiser Max Keiser has had a price target of 20000 in the near term for quite a while. Back, you know, in 2011 or 12 you said it might go 2100000. Citibank is now looking at their 4 x. Strategist is looking at and says that big claim price to reach 3 118000. 00 by december 2021. As the new gold, citi Bank Director says, bequests market cycles are becoming larger and the current bull trend could take it to 318000. 00 by december 2021 predicted a managing director at citi bank. He says this bull market started in 2018. That the bull markets and big question have been getting longer and longer each cycle. And so this is why just based on comparing it to previous cycles and then being conservative about how much its going to go up compared to previous cycles in the bitcoin market. Since, you know, 2009 he says hes predicting a price of 318000. 00 just based on a conservative estimate compared to previous trends. Right. And he also says that hes looking for the dollar to have a sharp move down. Right . So those 2 things go together. And because we have money is something from the 20th century, the 19th century, the 18th century, and its being to search for mediated or disrupted by bitcoin, which offers perfect price discovery, the price of because it is perfect. Its mimics nature in that way. Its like the photosynthesis of money. Its a perfect price discovery, the perfect market maker between risk and reward between consciousness and humanity. Its absolutely perfect and thats why people are running to it now in issuing found money. We recently interviewed tone vais here on kaiser report and he runs the conference called on confiscated all dot com and on confiscated will, is the quality of big queen that this managing director of citi bank says is uniquely makes it so good. He says, big queen is the new gold. It is an asset with limited supply, it is digital, this is the 21st century. Gold is a 20th century asset in moves across borders easily and ownership is opaque. The last point is, i believe, very relevant. The huge fiscal deterioration of today as a cost in the future, either directly or indirectly directly. It is that at some point, the bills have to be paid, which means at some time in the future, the money needs to be found. While big quain may become subject to more regulatory constraints going forward, it is a natural store of money to avoid this indirectly. That argument can be the debasement of currencies by creating high nominal growth and inflation. Effectively a soft default, i do not believe hard default, particularly in the worlds reserve currency is a real concern. However, and lesser currencies, it could well be the word on confiscated was k. But before i go into that, just mention talking about the fault, remember, 970 want to market the fault on its sovereign debt when it closed the gold window. So another default on the us dollar, its highly likely. But this word on confiscate. A wall is important because what it means is that any 2 people in the world can transact without having to go through a 3rd party. And that means that not only is big clinton confiscate of all, but its also on sounds horrible. Theres nothing that stops any 2 people in the world from transacting at any time. That means is perfect price discovery. It reflects the perfect sum total of all goods and services, subjectively valued by all humans on planet earth. Every 2nd of every day when you every put an intermediary in there like a bank or a country affair, money is state money and other forms of credit are bank money. But if you get rid of all that, you just have to wreck one on one or one to a 1000000000 commerce happening simultaneously globally. And you have peace actually is the ultimate upside of big point, is that its peace versus fear money because its a ponzi scheme. It always favors war. Its important to remember what he meant. He mentions fiscal deterioration and inflation. And when hes talking to citibank, wealth clients, or j. P. , morgan is talking to their High Net Worth individuals or fidelity is talking to their High Net Worth individuals. What these Family Offices and very wealthy people are concerned about is not speculation and money go up. Money number go up, theyre concerned about retaining and keeping their wealth for the next generation or 2. So they want to make me not lose that wealth. So confiscation is often and usually done in the modern era through money printing through inflation. So theyre saying hes saying that this is a better than gold, and terms of your wealth is not confiscate a bull through inflation or through in the case of gold in the United States has already been confiscated in the past. And obviously could be done again. He also mentions that you know that because its going to stand out in this world of c. B. D. , c. S. O. This central bank, Digital Currencies versus gold. And he says this, this is a double edge sword on one side, it c, b, d, c. The Central Bank Digital currency creates a much more effective mechanism for distributing stimulus, particularly fiscal, but on the other side, it also makes capital confiscation easier. For example, negative Interest Rates, both these scenarios would look to me to be positive bit quine and in the 21st century give us the digital equivalent versus fi digital of what we saw in the 20th century when the financial regime changed. Gold versus paper. And we said this quite a while ago that this is a sort of moment of like 1971 when we went off the gold standard. And in terms of just a huge regime change. And in terms of the wealth confiscation, you know, the negative Interest Rates get hit hardest to those who have savings. And i say, even if you look throughout europe, where they have applied negative Interest Rates, 2. 00 to deposits in the banks. Its mostly been people over 100000. 00 euros who are hit with these negative Interest Rates. So theyre the ones that are going to be driving into gold and especially into big quine. Once again. You know, kaiser report is ahead of the curve because when central bank Digital Currencies were 1st, being talked about, a lot of the people in the other Financial Press were talking about in terms of all this is going to compete with bitcoin. But as we said at the time it is now citibank is agreeing with us that it actually causes people to panic, buy bitcoin, because they realize that the central bank, Digital Currency will just be a way to one inflate the value of the money. Michael saylor calls it the melting ice cube, and big gives them easier ways to confiscate wealth. So now theres a panic. Buy bitcoin and were seeing down the price action of price action is reflecting panic, buying and that panic buying is going to continue to panic. Buying by not the ordinary public. You saw that 2017. You see in the google trends there was mass searching for quite how to buy between back in 2017, huge spikes. Anybody could go check it out today. There are not all the people buying it now. Are those who will be hit by negative Interest Rates, who will be hit when this fiscal stimulus stars with the c, b, d, cs . They are there Michael Saylor is they are the paul tudor jones. They are the stand druckenmiller is. These are people with billions of dollars and its hard to hang on to billions of Michael Saylor says he wakes up in cold sweats thinking he doesnt have enough to claim hes clearly panic, buying decline. And so to anybody whos got any wealth that they want to preserve in an environment of unlimited paper, money being printed by the trillions and hundreds of trillions and a government in bold and to confiscate all property. I mean, you thought the saudis were bad and seizing all the princes. So wait until you see what america does do with oligarchs. This guys opinion at citibank could be wrong because, you know, our opinions often are wrong. But, you know, its never on the market. Thats according to jesse livermore, one of the greatest traders all time, thats something he told me when we 1st, that of course, markets are never wrong. Only opinions are. So were going to turn to an opinion that keeps me wrong over and over when bitcoin market prices were at a dollar at 10 dollars at 100 dollars, 1000 dollars at 10000. 00 to 20000. 00. Hes always wrong. And that is peter schiff, the recent rise of big calling relative to gold in no way proves that big corn is a superior store of value. Exuberant investors are flocking to risk assets and shunning safe havens worldwide. As the riskiest asset at the mall, bit coin is being bought as part of the risk on trade. I said, you know, peter schiff is the gift that keeps on giving. Right . And its great when i write, interact with him and not so much anymore because hes tired of losing the debates with a but for a few years, theyre going all the way back to 2011. When i try to get peter schiff to buy because i had a dollar, you know, i was at his house in westport, connecticut, and his son was there too. And his son is now because i think i turned up at that time at the scene. And this said, but with, with peter, whenever i do have a chance to interact with him, i try to shamelessly kind of pillory him and mock him. Because i know those things go into the public record. So years from years from now, people can look at the you tubes of me, you know, in person just calling peter schiff, a complete idiot and him having no response. Because i knew ive known now for 5 years that he was dead wrong and just go down in history is the, the worst mining manager in history, exuberance investors though really . I mean, hes saying a shining safe havens will look at the u. S. Treasury bond market as he, as he looked at, like 300 year high. Its like, thats not exactly a risky asset. He has, hes the worst money manager in history. Performance is horrible and adjusted for opportunity costs. Hes losing money at a rate of an incredible rate. Its amazing. But again, opinions you should do your own research. Listen to peter schiff, but also read pete paul. Tudor jones stand talking, mellor, Michael Saylor, and figure out who has more skin in the game, who is actually have has a better track record over 3040 years that you could see with some of these guys. They are suffering right. Dahlia should open up a pub somewhere. In the middle of nowhere and cry in their beer all day live because they messed up so badly. Anyway. Then take a break. When we come back, much more coming your way greater transferred to simpson, exacerbating and alarming everyone mindlessly. Actually what that means is we end up Picking Solutions that cost a lot, but actually drink very little. Its just a kind of fuel. Instead of the Actual Solutions that were tricks, the new gold rush is underway and thousands of ill equipped workers off flocking to the gold fields, hoping to strike it rich. As children otoole in between gold was very poor. I thought i was doing my best to get back to see which side will have the strongest appeal. Welcome back to report. Im max keiser time now to go to lorraine arties from the Bitcoin Embassy in mexico city, where i perform a stand up rage in february just as the covert pandemic was going global laureano. What about the kaiser report . They give very much, max is a pleasure for me to be here in your program. Actually is a dream come true. You know, i am really excited to be here. Well, its great to have. Yeah. Now i know that with cove it times arent exactly normal at the moment, but tell us about the Bitcoin Embassy when and why did you open it and what exactly do you do there . Well, it kind of visit our east physical place in mexico. Where because i nurse and people that east interested in him because im trying to chris can his search for information and meet other people. So we arent about aids and radio then in december 2018. And yet they have been, if you call lately, because we had to be closed for months and now were ok. And cells are a little bit low now. Right. You know, i know when people talk about because they talk about it as in terms of its ability to protect peoples wealth. When things are bad or when hyperinflation hits or theres a crisis. Now here in, obviously around the world to cover it, pandemic, there is a Global Crisis. And, and so, is there a sense at the big, quite embassy bar in mexico city now of a greater urgency . Like, you know, it was a theory before that because it was good in a crisis, but the crisis came and a people now understand more thoroughly what this big quite is all about. Yet they may do actually that their recent that we arent still in business is because it will be coming because of their reserves that we have for our strummer sales in be kind. We have to sell you dont drink during this time to keep on paying our employees, our rent and everything. And now people are starting to search more information about this. We have over just the channel to where we did it teach people about these topics. They are, theyre searching for us that theyre there and approaching us and searching for an announcer to get the strength to get bent because all the economics are collapsing, all the people who are in economic troubles. Yeah. This has been, i live now. How did you 1st hear about because im, well actually i was planning a trip to japan and i started to make some savings. And i asked a friend that help my mom here with investments. Where can i put this money to make it work . If i have hits on me while i, i can introduce you to a friend that you seem some weight stuff to about some cryptic or is your Something Like that and maybe you will like it. So he introduced me, they be the reality. That is my partner in because of us and thats when i met he, he tell me apple peach kind of and all they dont know, gee, thats left behind. Much of the western world is in lockdown. And in the u. S. We have the World Reserve currency, of course, and we printed sound much of this money that americans during the crisis have seen their incomes and savings go up. Of course, thats one of the great things about having the World Reserve currency. Whats the situation like in mexico during the lockdown . What are you saying really happening on the ground there during this Global Crisis . Well, actually because the United States is printing a lot of money and mexico are meant, i think we ask it is some how to say to borrow to lend some money. But i think because of they can see an effect and maybe it will make the all the things worse here in mexico, you know, because by the time all that money comes here, it will be it will be worth less than an hour. So i see, i dont have people on the streets asking for money much more than that. Wesley, for a lot of people, is us in there is their employees and business are getting odds that they are closing. So i think on, on, on of day facts about all these money thats been brazen will be it will be found in much more time in how the state will finish it. We will have all this, this issue. This is in long time for me. So you think that this will result in a long term problem going forward. And i would imagine also if you look at the latin america, all the countries are suffering and in a similar way. And of course, with, with bitcoin, you have the ability to create your own individual sovereign say. But you know, in latin america, we know that for the most part, the political agenda tends to be what you would call a left wing or socialism. And this is quite popular. Political system in latin america is big cooling. What do you tell your socialist friends about how they should maybe think about bitcoin as a way toward a more of a better way . Actually, i dont have a lot of social, his friends because we dun, dun think the same. This is the same thinks you know, because i am and an intern or so. So they see me maybe yes, but person kind of but i tell them that it is for everyone is for everyone that wants to be somewhere. And even if they are in a group, you know, i have song and i have talked to people that are in how do you say in collectives like i have some feminist friends. And i have told them that they can even sure if they want to. They can make a collection of bits gone and share it with each other, you know, and they can be sober and that way they can help each other the way. So. 1 i think its going and can be used in any way, even in capitalism and social. Hes made me if you have that 80 asshole for sharing your question. Absolutely. So when talking a socialist, we should say that you can have your own node and share the network with everybody on the network. You can share the code, its open source with everyone on the network. You know, it today has a lot of ways you could convince socialists to participate and bitcoin and that they could perhaps, you know, its too bad. The country itself, of course, suffers from inflation as do many countries, but as does america in its own way. And the government, of course, do you think the government has just what would never take on this concept of bitcoin here and in the United States. But we had an election and a couple of senators are now very interested in big coen was one in wyoming, for example, that wants to bring walks, becoming to wyoming. Are there any politicians in mexico that know about decline, who want to push it for further into the establishment . Actually, i dont know any, it makes a completion that no sun beat kind and they have tried to regulate that, trying to regulate it is something call it lay fiend back in mexico and they are 92 exchanges and all. Then how do you save on the companies that sell by but i think that things in these low that they are doing is that because age you can see that they dont know theyre talking about, but theyre trying. So yeah, i think that here in mexico and enough people dont know anything about, especially the part that they probably think its difficult to even get the a conversation started. I know that when i was meant in mexico city, of course, were good friends with us a right to guess that bet. So which is a very influential in spreading the word. And i know at the big, quite embassy bar where you wear your work. It brings in a lot of folks and that the message of course, of bitcoin is beyond just Financial Freedom or individual sovereignty. There is a lot that goes with it as well, where people have something to say about the improvement of their their spiritual wellbeing. If you, well, i notice when i travel in mexico, you know, the culture is so vibrant, so rich, so beautiful. And its so uplifting. It seems like the character of the people in mexico and because they would go together naturally. What do you think of this mexican culture is about before the france we everybody because its kind of like that too. You know, hes like a way to share with everybody. So when one mexican people know about, its good. They want to spread the word. They want to tell other people to save them, you know, and to, to share with them all the knowledge that they have accomplished. So. So i think thats, thats kind of a good thing about mexican people who do want to share with each other to want to be friends and to, to give them some advice and to say to him. So lets look ahead, post covais the world. You have been working with us a rodriguez, as we mentioned before on organizing a huge event, the block chain land, which is an enormous event, a ferry cost 60000. 00 or 70000. 00. People attend this event. Its a technology and entrepreneur event. Can you tell us about it . This is in an event called talent land is one of the biggest of latin america. And they have a lot of, lets you know, game land, a human other lands there. They have a lot of, especially in the matter in their hands, an earplug integrated to treat years ago. I think so. You know, was that the 1st to learn . A lot of people that you see in the community. A chorus is a blood change. A john, there is get together there and we share it with other people. The things that we know, you know, im sorry. And the things that we know. So we participate and wish aaron our experiences and the knowledge that really, that we have collected through this time. And i think is very important. These events because i dont have students seats and go there when a specific. So we are making an impact in a new generation in people from 101315 b. Engineers all is really eastern amazing to get to those people because now the next generation they are learning in that age will make an impact in the global economy. All right, lerena. Thanks for being on kaiser report. Thank you so much. Rests a hand to stacy out will do. All right, thats going to do it for this edition of kaiser report with me. Max kaiser and Stacy Herbert like to thank our guest. Lorraine are tazz, if youre in mexico city, please visit the ikhwan embassy bar and select time. So what weve got to do is identify the threats that we have. Its crazy confrontation, let it be an arms race off and spearing dramatic developments. Only really im going to resist, i dont see how that strategy will be successful, very critical time time to sit down and talk with all those on the board. But 1st, actually big city bright lights, huge opportunities and many dangers to play with. And to do its also a city where up 2300000 crimes are committed by the west wing, but it will reduce most its thought that the result least one Police Officer for every 200. 00 residents in russias capital cost on the english. I mean, the people like me that will not go to a toy singing to political ticker. Credo transferred to say simpson, exacerbating alarming everyone mindlessly. Actually what that means was we end up making solutions that cost a lot, but actually drink very little. Its just a kind of fuel instead of the Actual Solutions that would fix Global Warming during the vietnam war, u. S. Forces there was a secret war. And for years the American People did not know until our country per capita. Millions of unexploded bombs still in danger lives in this Small Agricultural country. Even today, kids in laos full victims of bombs dropped decades ago is the us making amends for that tragedy and help to the people need in that little thats traded troops are accused of murdering unarmed civilians in afghanistan. An official war crimes report describes this as a logic to republican election. Officials claim they were bullied into stopping. Finally Election Results in the state of michigan through intimidation and deception. Unthreatened so far the United States record lows has room for its Prime Minister Benjamin Netanyahu going to washington for recognizing terror troops claimed by israel. Those policies are expected to be robust by the next to put it straight. Should
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