Of course many people have been piling in too. In the past year especially twenty seventeen is probably when most people heard about they quit and got involves a bot the first bitcoin certainly even people involved in our show and weve been talking about bitcoin since two thousand and eleven two years after his birth it was two three dollars back then and we talked about it many many times weve weve interviewed all the top players in the pick my space the top guys and you know cameramen and editors and executives of our show have been watching these episodes for years and it was an untold september october that they finally started say how do we get one of these will buy in youre like wait you waited until it was like twenty thousand dollars to even think about buying we told you to buy it at two or three thats the amazing thing isnt it people that weve been talking about it for years finally what is it. What eighteen nineteen twenty thousand were suddenly curious about it and started buying it but thats the way it always is with these types of ideas theyre completely dismissed at first and then when they end up changing everything game people suddenly get interested so that stuffs not unusual i also want to say you know because a lot of people will only be new to this and they have endured the drama of what whats been happening with bitcoin since the futures were introduced and since the huge drops and. The huge volatility be cash or bitcoin cason all this sort of drama over the Christmas Period on these exchanges they might be alarmed so what i would say is that you should go to you tube Enterprise Report bitcoin and look back through the years that this is kind of normal for this whole area its you know you have to think of it like that sort of that cambridge explosion the prek. May be an explosion of. Evolution these are ideas being explored and a lot of failures and some great successes in fact humans come out of the excess the successes that happened in the preteen be an explosion or remember the dot com crash the whole the whole nasdaq blew up drop Seventy Eight percent killings of dollars disappeared all kinds of companies were vaporized but from the mass came we google you know apple was reborn. Amazon so these are the winners and now they dominate global trade in Global Market action so the same thing a big point there probably you know in another huge drop as we will probably see the survivors all come up and be world beating companies in world beating applications and points i dont know if weve had any more gifts this year but im sure there will be many more forks in twenty eighteen so it might be good to hold your be a coin and hopefully there also be clarity because you know i think a lot of people are holding three twenty seventeen and the americans are. The Bitcoin Space because of the lack of clarity from the i. R. S. Is that an asset is a commodity as a property as you know is that income do you pay Capital Gains whether thats so i know thats why i havent like really sold that because i dont know what what i would what the Tax Implications are but i want to you know talk with the law we will be with him on the birthday of bitcoin on the ninth birthday and first i want to say because of course weve had a volatile christmas a past few weeks that has been very volatile all over it just kept on going up parabolic up and you know you would see down days of ten fifteen percent and people like flipped out they were scared panicked this of course is normal for our experience that weve witnessed through between through the past nine years but here is jim slop with bitcoin obituaries proclaimed per year and two thousand and ten there was one death of bitcoin proclaimed and twenty eleven there were six i remember that year and two thousand and twelve there was only one and twenty thirteen there were fifteen and twenty fourteen there were twenty nine and twenty fifteen there were thirty nine and twenty sixteen there were twenty eight and twenty seventeen ninety three deaths going pronounced so how many do you think there will be in twenty eighteen oh about using that chart as a guide theyll be real two or three hundred i suppose but look because it is unique its a its the fifth element its completely unique in that its reproducible down counterfeit of all Digital Object that can be used back and forth electronically as a store of value and that had never occurred before this brilliant Genesis Block was mine based on the two thousand and eight suppose you bought a motorway paper and it means that all banks also untrue banks are distance mediated they are no longer needed this is theyre going to go the way of the music. Industry when napster was introduced you know this is just not going to survive in the same way that it did and we often said that the biggest terrorist in the world are bankers like jamie diamond this is the terrorist killer this is going to put more terrorist out of business on wall street city of london then anything else and i think it was divinely inspired well certainly it has generated a lot of cult sort of following you know disciples and apostles a story line of an intervention hank resists is a direct pipeline to god ok so much of a cult like statement yes yes and i want to say you mentioned the dot com bubble you were around for that and survived that rise and fall and you were right to point out that there were a lot of people who say oh big quince like pets dot com but what people are saying in response is like no this is the internet and pets dot com failed but just like some of the coins might fail but you know the things like Amazon Google survived and then new Companies Like facebook and twitter that werent around during the first dot com crash so you know things can happen but there is a bit of sort of bubble hysteria going on that you see in this next headline a small fin tech stock surged two thousand six hundred percent in a week after announcing its a Crypto Company fin tech plus cryptocurrency equals about seven billion dollars thats how much the value of long fin corp surged to after the microcap stock rocketed by as much as two thousand six hundred percent since debuting right before christmas most of the gains came when the Company Issued a press release saying it but the do dot com block chain empowered global micro Lending Solutions provider that transacts only cryptocurrency so even the c. E. O. Of this guy. Even went on c m b c or one bloomberg one of the Financial News outlets and he was like this is too much why are you doing this this is overvalued people it was a penny stock and it acted like an all coin not even any all the coin i dont think has ever risen by two thousand six hundred percent in a week well why is this happening is because the reason why because it was created as we celebrate the birthday of Genesis Block it was created to do battle with Central Banks and banks around the world who are irresponsibly printing money without lending it out simply to bail out bankrupt institutions around the world and this is led to ask the price explosion and the upward march of wealth to the top one tenth of one percent the Global Economy is incredibly distorted unlike in any time in history will billionaires are being created faster then one can possibly legitimize given the underlying economy is growing quite tepidly you know Warren Buffett himself said that a company thats growing at a multiple of inflation is probably doing it in a crooked way because theres no way you can outstrip. Degree something that youre bound by laws of physics and laws of business to some degree and here you have this company skyrocketing in value because there are literally hundreds of trillions of dollars of ill gotten gains sitting in offshore accounts and sitting in hedge funds and sitting on wall street who are bored theyre looking for something to do they see jim cramer on c n b c screaming about something or they hear about this and they just put the money available for this is instantaneous is there money to fight Climate Change know is there money to increase labor wages to restore dignity to society through jobs no no no not at all its only money available to the club talk or see the oligarchs well i also think you know wrapping heading into the last minute or two here i want to say that you know janet yellen. Theyre starting to pull away the punch bowl and i think this could be also part of all of that cash trillions and trillions and trillions have been created in the last few years and everybodys been waiting for something to happen remember in two thousand and eight two thousand and nine the likes of peter schiff are saying hyperinflation is coming his call may have been too early but you know that this could be some sort of hyper inflationary mindset that is out there its happening in cryptocurrency is happening in the equity markets its happening bonds its happening in everything so this could be a last hurrah like people like downing the drinks before the you know the bar closes to peter schiff point you know its all hinged on the u. S. Dollar the World Reserve currency which is being held up through the shenanigans of coordinators Central Bank Fraud when somebody breaks rank this is going to happen twenty eighteen one of the major Central Banks in the world will start buying bitcoin theyll break ranks from the other Central Banks that are colluding to aggressively expand money supply to bail out corrupt banks but when one of these banks breaks off and says you know what we can triple quadruple quintuple our money by going into crypto and you guys can go and fend for yourself then the torrent of those trillions of dollars worth of cash that have been kept out of the economy due to illegal machinations by the Central Banks comes flooding in and the real hyperinflation kicks in the dollar crashes spectacularly thats happening and twenty eight team by the way the kaiser report was also born in two thousand and nine just two not that were all the same but we were born the same year bitcoin wise im not a toshiba and were in the new studio here and i want to say we will be getting some sort of like graphics and stuff like that behind us but i just want to introduce you to our new studio here in raleigh so happy birthday to us happy birthday to soto she nakamoto. This is toshi i knew it. Stay tuned for the second half a lot telling you where. In the heart of the swiss alps this is a place probably more secretive than the pentagon more mysterious than the cia and better guarded than for knox ellis was customs are here permanently all the site is controlled by them and they impose the opening times. Opposite the possibilities from these all plus the procedures in place of the strictest in all europe masterpieces by artists like pecans oh and modigliani i cant boards and sold inside this warehouse thats where the report comes in it covers up deals which are naturally discreet commercially discreet but also discreet because they concern fraud. Some of those paintings are linked to dark secrets nobody knows how many of these secrets a kept inside the Geneva Freeport social position that youll never obtain an inventory of all the works in the freeport who knows how many there are three hundred three thousand three hundred thousand is it a matter of confidentiality only is it the worlds black box of the art business. New when you dont. See the. Two are. There they could. Not. Make. Let alone a. Club until nov seventh is that. You speak french. Well go back to the guys report imax guys are time now to return for a conversation michael pentel pen to a port dot com money manager started there out there in new jersey the bayonne bleeder they call you you know yeah. The boxer yeah well you know follow my that was the town. Yeah you almost beat mama tell me really yeah they bought all the rocky character after chuck weapon or bailing blade or jews i know more about that youre seeing the most People Living in new jersey ok so Michael Pinto lets get back to this you know bitcoin and you know your got a negative view on it and the points you make just to recap here that theres a vulnerability at the exchanges and the on ramp off ramp the a word government could could go in there and cause havoc i mentioned theres an intellectual property challenge that could be made if people banks can say we own the ip for this type of Technology Similar to the way microsoft attacked open Source Software like linux by saying weve got certain intellectual property there are they trying to invalidate this competitor you also mention the possibility of a fed coin fed going comes around its a crypto coin its a digital coin and youre idea is that they want to wean folks off cash yes they want to get people into a permanent negative Interest Rates an area which they will need to do to extricate the economy out of the next Great Depression which is coming unfortunately in my opinion right so the depression comes when the market collapses market collapses because nothing was done to stop it from the last collapse except give the worst actors in the economy more money to go create more probably so only seventy trillion increase in debt since two thousand the globally so theyre going to have to do something they only have about one hundred twenty five basis points of bullets in the in the in the can they are global to fire the id say i mean does japan have to get themselves that theyve got zero what does it germany have they have nothing so they have nothing really to reduce the overnight negative razorback they have to to go. I get they cant do negative Interest Rates if they have physical test ill just go and take all my hundreds out put them on with my mattress and you can say i get negative ten percent but i dont have a good ten percent because i have you know whatever x. Number of dollars stuff the stuff in my house so they have to get the world used to living off of a Digital Currency and by the way there was a person nominee to the fed by mr trump called Marvin Goodfriend and what does Marvin Goodfriend love more than anything in the whole world because. The size bitcoin negative nominal interest really look it up ok all right so there you know youre building a strong case here so so because it is just like the gateway drug is just opening up to this fed going yeah ok now heres my mike mike some of my post to some of this thought is that the i think that the krishna bit going going all way back to two thousand and eight white paper which describes the introduction to it which mentions bank bank fraud problems in the Banking System and problems in the Central Bank System its always been a race against the failure of the Current System the failure of the Banking System in the failure of the fee money system the fractional reserve system the what youre talking about would require more organization thats possible in an environment of more failing banks in twenty eighteen i think were going to see a big bank like do it your Bank Collapse or some big bank in the u. K. Collapse because as you know and as i know youre they are technically insolvent italy italy will collapse i mean italy is on the verge of collapse that will change that Chain Reaction that sets off and the chaos that and says it will its not going to be an ability to manage that any anyone reasonable way and i think its why this push to bitcoin and i think bitcoin price the reason is so high is that its discounting banking armageddon its telegraphing his markets are discounting mechanism theyre telling us that in a very near future youre going to have another two thousand and eight banking catastrophe like rule i agree with. Everything you just said heres my all my issue and im sure you have thoughts on this the government really doesnt suffer. The Money Laundering flouting very readily and the know your customer rules they dont like people flouting those either and they really dont want to with alacrity give up control over the entire field of currency regime so why are they giving all this rope to cryptocurrency well because and the reason it is the reason is maxwells because they want to get the the citizenry used to using a Digital Currency and they want to completely get rid of all of paper currencies and like i said this is going to this is coming out of it so i you know i think it is coming into gaza on the accomplishes that and then they ban all private yet the currencies for one public block chain that they completely control by the way when they do that they can track every single transaction so the underground economy goes away tax evaders go away and theyll do it under the guise of worrying about you know a m l n k y c n terrorists funding and they have all these subliminal reasons why this is going to be successful and well that while the public is worrying about what the broad size of kim carr dashin theyre going to be have to have no control left over their money theyll be no protection from inflation the purchasing power of their money can be destroyed at the will of the governments i think youre giving too much credit to governments and if they wanted to coopt because they could have during the early years using whats called a fifty one percent attack they could have an awful eyes mining with the resources of one or two governments combined they didnt because they was not on their radar they ha