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 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 decline is safe haven 1st talked about on this show 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 big going was the result of safe haven funds risk off money when the risk in stocks of bonds gets too high theres a risk. Off feeling in the markets and institutional money starts looking for safe havens becomes a safe haven this this idea makes gold bugs puke they cant believe it theyre disgusted that they didnt never saw this coming every single gold but if they followed cars reported 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. 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 cash sitting in Family Office accounts Corporate Accounts various manage money accounts theres over 100 trillion just sitting there looking for something to preserve wealth and that something will be increasingly big coin well says she says. Everyone agrees with. Their on their im getting the standing ovation now wherever i go people throw flowers. And they think me profusely now its like question is looking at is that trust me chair. Fine because gold has always been a safe haven during times where nations are de globalized and where they dont trust each other and that is when people turn to gold and now people are bigger institutions and nations might be turning to big coin but on the individual level where there retell person operates one thing you see over and over and you saw that with tom tom 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 manipulation 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 for 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 cave and 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 to see f. T. C. Announced that Merrill Lynch commodities m. L. C. I. A Global Commodities trading business agreed to pay 25000000. 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 bryan. 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 as they have 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 big money called the u. S. Dollar 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 key in every january 3rd there is a true. 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 slug 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 years 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 and 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 this because this went on from 2008 the mits of the financial crisis to 2014 i remember all the central bankers all the treasury secretaries all the heads of state said 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 market in 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 half the time the traders place the orders they intended to cancel before execution and doing so the traders intended to spoof or manipulate the market by creating a false impression of increased supply 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 captain dozen ways to manipulate the price in the futures market let me point out that in the middle of this period and 20. 00 levon was crass j. P. Morgan by silva 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 kaiser report and pressed j. P. Morgan by a sober was that the regulators in the comebacks allowed for an expansion of the counterfeiting beyond even the extreme that they were allowing at that sign and they bang the market down with hundreds of thousands millions of tons of counterfeit its nowhere life masters is the architect of the silver manipulation ended up leaving j. P. Morgan because used to dirty to stay at the bank and too much of a liability she ended up going to london and starting a big company or a Crypto Company that has sense basic. 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 that is 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 and buyers 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 viruses 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 as. 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 stock r. C. That has created a nightmare scenario where the only path out of this mess is through hard money because big oil to the way and thats why its going higher institutions dow 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. So so. Just so. Plain luck. And a very warm welcome to you youre watching us and. I look i feel like. I. Live my life. I. Look at it. Like. They are. Both our lead. Welcome back to the kaiser report imax 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 client 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 right this is a this is a bore to death 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 d. Surveys or for you know to be able to chat and transect and be and its completely and an email so easy to use. To help to then you go to the masses through its destination but it also can send off 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 they claim 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 word 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 bholu 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 role in the last number so its this is your sovereign currency and its literally blessed valuable in toilet paper weve seen you dont use it on the history. Because you cant use it that. You can and you can use it so this is a broken problem in this coming to the u. S. Dollar the u. S. Dollar is going the way of the ball of our money and money is going that way. So the thing is that how you can continue having people in that country weve been able to do commerce being able to do trades. Infrastructure off 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 in borders or 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 bill through the internet or even even through i mentioned were going to still have to chat with that person well would you do when you are not more allow or if there is not service at all to check in with that person so always 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 mesh network with open source and open where so you can flash go to the vices if you have one and. Do b. And know that all the mesh so you can you are allowed to charge and. Even if there is no internet or electricity at all you brain together 2 aspects of such a ship resistance both chatting or communicating as well as commerce which is only available in big plane and completely outside of all the established sense or intermediaries like Media Companies governments and banks so you really taken a total step backward now let me look at again so you consider yourself to be printed. Software company yes this is a Software Company but its over well also be able to make the hardware i was going to make it easier to use affordable so we are allowed to deploy them in venice where turn a key. Thing in here that is looks like stuff like an order from china for pennies a pop right i mean this is not an expensive unit as it is you can find it on amazon. These play so its good for them the ones we are going to sale were going to be more efficient to carry around so people on their pockets and carry it around and transact and be going when theyre just if they want to talk privately so they dont do it through go through a server and when there is a bad. Can be asked to the company and they need to they need to comply and give the access to it so you know communication that are not in the situation and then mentioned where the communications are increased to from point to point so no one can tell what you are talking or what you are transacting when you would you are trying to 2nd wave. Actually because as youre developing it has a screen and other items which are not necessary correct me if im wrong but i believe it you said that a version of this product you could actually. Get in under a sticker on your device. Would actually just basically cover the unit and it would be more or less invisi