Conference calling to defend the freedom of the press. Those are the headlines this hour you can find more on these and many other stories. For now though its the cards report and if youre in the states you. Because youre this is the guys very poor we are going to maintain their San Francisco great event put on by a big going magazine but a great speaker of great talk about theyre going to fully embracing a new leg of its bull market very exciting action susie yes well you know were in our whole Summer Solutions beginning of that happening were in summer were into la its all like happening and we have this remarkable tweet here and its from another big player because you know this big move that weve seen a big client and its still very volatile and you know you do your own research of course when whenever buying restacking sats as they call it and never invest more than you can afford to lose but here is the latest movement in big. What is quite apparent and has been discussed at this point conference is that its mostly institutional money this time around and 2017 it was all retail money it was the ordinary person out there like with a 100 bucks or a 1000. 00 to their name this is like the big institutions coming in and you can see that through the google trends you can see that theres very very few searches happening on how to buy that point nor anything to do with big plan so its really an institutional money and here we have a tweet from d. C. Which provides a little link to a segment with invesco chief Global Market strategist Christina Hooper is the ultimate safe haven trade she says that might not be too far fetched well certainly there are a lot of safe haven trades and ive heard some strategists argue in fact that bitcoin is a safe haven trade or perhaps an indicator that were very close. I think that might be a sign of fears about recession but certainly it makes sense in this environment that we see investors looking for safe havens but i do think its a mistake. With the fed signaling its willingness to be a lot more dovish right well the main idea of because it is safe haven 1st talked about on this show a few years ago as being the ultimate safe haven better than gold to be a safe haven and that a lot of money moving into because it was the result of safe haven funds risk off money when the risk in stocks and bonds gets too high theres a risk off feeling in the markets and institutional money starts looking for a safe havens it becomes a safe haven this this idea makes gold bugs puke they cant believe it theyre disgusted that they never saw this coming every single gold buy if they follow because the report closely they would all be retired by now on their 1000000000. 00 private islands and wouldnt hear from them at all but they were failed to take the intellectual leap into understanding whats going on here its open source money big coin is. What linux was to unix ok thats all you need to know if you dont understand i just said get out of money business stop managing money stop talking about money because you dont know what youre talking about and the fact is it is a safe haven play and as 100. 00 trillion dollars worth i dont couch sitting in Family Office accounts Corporate Accounts various managed money accounts is over 100. 00 trillion just sitting there looking for something to preserve wealth and that something will be increasingly big crime well says she. Everyone agrees that with out. There on there im getting the standing ovation but now wherever i go people throw flowers. And they think me profusely now its a lie question is looking out is that trust me share. Mine because gold has always been a safe. Even during times where nations are de globalized where they dont trust each other and that is when people turn to gold and now people are bigger institutions and nations turning to big coin but on the individual level where the retail person operates one thing you see over and over and you saw that with you see it with Elizabeth Warren and what they do is they mention that its a rigged system big queen and gold are ways to escape that rigging the minute and a system rigged towards a particular participant in that system and its always the banks in terms of our Financial System and im going to turn to have mine that again report has been at the forefront of this since the beginning 10 years ago we started in 2009 and what did we talk about we talked about the Precious Metals manipulation well it was called the Conspiracy Theory and people even when anybody in like the u. K. Press will write about us and say where conspiracy theorists about Precious Metals well heres i have mine caitlin long talks about this headline she calls another Conspiracy Theory that became conspiracy fact Merrill Lynch caught criminally manipulating Precious Metals markets on tuesday of last week after the close the c f t c announced that Merrill Lynch commodities and l. C. I. A Global Commodities trading business agreed to pay 25 1000000. 00 to resolve the governments investigation into a multiyear scheme by Precious Metals traders to mislead the market for Precious Metals futures contracts traded on the comex the announcement was made by assistant attorney general brian. And the Justice Departments Criminal Division and assistant director in charge william f. Sweeney jr of the f. B. I. s new York Field Office in other words if the maryland Commodities Group was a normal individual he would be doing the perp walk covered for years now the Precious Metals markets. Is undeniably manipulated by the same people who are printing all the money because they dont want gold to rise up and attract capital while theyre trying to pump the fake money called the u. S. Dollar now why big coin is important is unlike gold the big Coin Community can pull their base layer of collateral out during what mayor would call proof of keys and every january 3rd there is a proof of keys event unfortunately in gold and silver no such proof of keys exists any time gold or silver starts to move higher the co max and the people who run the comebacks the people who are members of the comebacks slugged the market with fake sell orders counterfeit sell orders otherwise known as naked short sales to bang the price down artificially this is been documented over a year its not really something that folks debate anymore its irrefutable this is just the latest proof that its a criminal conspiracy and it will continue it will not end because the regulators and the government officials are part of a or act in the only path forward is through big coin which is hard money but not prone to bend obvious criminal all market manipulation Merrill Lynch and virtually every other bank on wall street Merrill Lynch is of course owned by bank of america now this is this fraud went on this criminal fraud and if it was just an any individual here at this conference doing it they would be in prison Charlie Shrem for example went to prison for much less than that because this went on from 2008 amidst the financial crisis to 2014 i remember all the central bankers all the treasury secretaries all the heads of state. So we need to stop bashing bankers we need to move forward we need to look forward not back and that there was no way even if it didnt give us sleepless nights we at the Justice Department that there was no way to possibly know whether or not any of this was illegal but in terms of actual this calling this a Conspiracy Theory there were people that would say for every buyer theres a seller and theres no way to manipulate the markets and the comix market max who invented the Virtual Specialist Technology which is a Market Making technology which you know how buys and sells are matched and you said exactly what this paragraph that im going to read here about what they did to manipulate the Precious Metals market they did so in the now Traditional Market manipulation way by placing fraudulent orders for Precious Metals futures contracts that after time the traders place the orders they intended to cancel before execution and doing so the traders intended to prove or manipulate the market by creating a false impression of increased supply 0 or demand and in turn to fraudulently induce other Market Participants to buy in to sell futures contracts at quantities prices and times that they otherwise likely would not have done so over the relevant period the traders place thousands of fraudulent orders spoofing is one of happened dozen ways to manipulate the price in the futures market let me point out that in the middle of the period in 20. 00 levon was crash j. P. Morgan by solver we got people around the world to buy sober because we knew j. P. Morgan was short solver and if enough people took delivery of solver it would bankrupt j. P. Morgan and put jamie dimon on the street what happened when the price went from 15 to 50 went to this incredible high based on cars a report and press j. P. Morgan by silver was that the regulators in the comics allowed for expansion of the counterfeiting. Even the extreme that they were allowing up that sign and they bang the market down with hundreds of thousands millions of tons of counterfeit its nowhere life master says the architect of the silver manipulation ended up leaving j. P. Morgan because used to dirty the state the bank of too much of a liability she ended up going to london and starting a big company or a company that has sense basically gone out of business but she was sacrificed the sacrificial lamb and that was the Collateral Damage of by j. P. Morgan crash silver so i mean that difference between these Precious Metals on these bankers and how theyre they they do manipulate the price they do comverse in chat rooms like telegram groups amongst themselves they openly admit to each other that theyre manipulating the price but at least like if you go to an exchange like bt see that has now been closed down by the f. B. I. That was a big change but theres other exchanges now they have introduced the troll box and it sounds like exactly what the troll box used to do is like people be like huge whale coming in and dumping a whole bunch of this like mine and that would cause the markets to crash so its like trying to transparent but this was that they were. You know these bankers have way more its asymmetric information that theyre theyre basically doing this to your pension fund theyre scooping pennies from your pension fund every single time they do one of these fraudulent trades they only had to pay 25000000. 00 no jail time no mention of them having to hand money back to all these Pension Funds and other investors that they defrauded you know they defrauded Pension Funds out of hundreds of billions of dollars this came in many other schemes let me explain again the difference between markets today and markets is they existed 5060 years ago in the old days markets price discovery that is the price thats reported is the result of buyers and sellers if theres more buyers than sellers the price goes up if theres more sellers than by. Price goes down but that doesnt exist today in modern markets and theres no market in the world thats immune from this right now instead of waiting to see how the buyers and sellers are interacting on the floor of an exchange and then reporting that interaction as the discover price big Banks Like Bank of america which owns Merrill Lynch they get together in a chat room and they decide what price they want the markets to be add tomorrow. And then they fill in the trades to get to that price thats a complete inversion of free market capitalism this is a form of kleptocracy getting tax stock r. C. That has created a nightmare scenario where the only path out of this mess is through hard Money Big Oil and thats why its going higher institutions to sniff 100000. 00 a client the retail come back and of course they always well were going to take a break when i come back ill be talking to somebody i met here at the conference 2019 San Francisco with a new product that is intriguing dont go away. Trumps impromptu visit to the d. M. Z. Separating the 2 koreas was unprecedented and historic indeed it was a bold even brilliant decision of course his political opponents particularly the democrats running for president and the media slammed an orthodox diplomacy is on the side of peace. As we speak large organized. The march to the united states. This is a virtual invasion of our country but so far bigger than anything. You know its going to fit in. A knife our feel. As you go through. The im all. The. Welcome back to the kaiser report m. X. Kaiser time now to turn to randy breach hes an entrepreneur and share at big client 21000 San Francisco you know we come to these conferences and one of the thrills i have is meeting new entrepreneurs new products not only for great news to deliver to you but our fund that we manage also looking for investments and we try to push new ideas and seed stage into it randi brito welcome thank you for having me here ok so 1st of all your venezuela youre in venezuela and you know the question people always hear about the quiet is one of the internet goes down what if it goes on im going to do that now people say mesh net as being an answer and you have now a product that is awesome whats the name of it again not chumash. Mesh so let me just hold us for a 2nd so this is an antenna. This is a this is a bore to devil and mission and what a device so this is a regular bore that you can you for uses but we are using it to round this so were open source so what about we have long given how to make and know what. This is and its open Source Software its on and if youre within a certain number of kilometers people with these mesh net nodes can communicate off the internet you do not need the internet to communicate you do not need the internet to make it coin transactions so this is a complete secession from the internet where no matter where you are its got to go through a server somewhere and that server could be compromised this solves that problem right yes this is. Censorship resistance so he doesnt use the regular internet. You dont need service in 3 g. Service or for you know to be able to chat and transect and be and its completely and on email so we use. Hops to help us through then you go to the masses through its destination but it also can send all the lang signal transactions and be going on the line and network that thing fine i gave way to that because network completely censorship resistant completely anonymous completely offline a parallel economy run by a bit coy that nobody can touch obviously venezuela is a hotspot for monetary shenanigans and problems its also a big quite hot spot as people turn to hard money like big client and they like the fact that they can preserve their wealth and bit coy and now the authorities will be unable to get in the way of that revolution using the net correct so it was this developed as you know they say necessity is the mother of all invention so is part of why youre going down this path because youre living in a country that is going through a tremendous stress right now i have some of both of ours in my pocket it can hold the other note here 1st you know somebody you know people are giving away these bolu our goal of ours at the event and theyre just throwing them around like garbage can so years ago they were throwing around zimbabwe dollars and trillions of dollars and heres a bowl of our mean this is 100. 00 bowl of ours is probably worth less than once a toshi that one is even less than that it has a feisty roll the last number so its this is your sovereign currency and its literally bless valuable and toilet paper weve seen it and use it on the history. On that because you cant use it thats. Right you cant even use it so this and a broken problem i mean this coming to the u. S. Dollar the u. S. Dollar is going the way the ball of our money and money is going that way. So when there thing is that how you can continue having people in that country. Weve been able to do commerce being able to do trade. Rounds infrastructure of communications the electricity that is being collapsing and not only because of a lack of investment in infrastructure but also because of censorship and also because its sad but thats because they want people to be. On their knees because thats the way they want them so how can people continue trading right now people continually being that country because they are able to use all their. Cash on cash in euro or. They still need to tell their people to bring the problems to the center of the country somehow that they have that be on their hands because you cannot send the bill through the internet or even even through i mentioned were going to still have to chat with that person what would you do when you are not more allow or if there is not service at all to check in with that person so we who will bring the problem from the coast if you are not able to talk with them and its going to happen either way even if you do it to the censorship in the Country Communications and internet or also because the collapse of this infrastructure so thats why we are building them. Open source and open where so you can for national go to the vices if you have one an