Dollar or interferes with the us dollar being virtually the sole reserve currency in the world said Brad Sherman Sherman covered multiple benefits of the us dollars dominance over other currencies for americans such as the profits generated by the Federal Reserve for the us treasury the senior and the ability to influence other countrys policies and actions through the use of economic sanctions so weaponization of the dollar so the dollar as a weapon and sanctions are an act of war other countries feel that. They are tired of being aggressed upon by the highly aggressive american weaponized us dollar empire and there are figuring out that they can secede be a bit coin which is easier to use than gold if the objective is to do an end run around americas empire of debt and now brad sherman. Smart enough to understand his days are numbered which is more than most people most people in congress dont even understand that much and he is sounding the alarm but much much too late much too late at games over bitcoin wins well hes articulating the truth as kaiser report here we warned that this would happen our guest jim rickards back in 2009 or 10 war maybe it was actually 2011 or 12 warned that. Barack obama weaponized thing swift remember when he cut around off from the financial grid that they werent allowed to use the Banking System around the world well he said well that was a great thing youre powerful you show them whos boss but be warned you might not like the consequences as other nations think well right today its iran tomorrow will it be china or russia or germany you know like is so thats why people i think are correct when they equate bitcoin to gunpowder you know gunpowder was introduced in a changed global geopolitics forever and you cant on invent gunpowder a big point has changed now the whole notion of what money is and you cannot on invent it theres no turning back with gunpowder there is no no going back so brad sherman you know he can rail against it all he wants but you see theyre going to have to start accumulating pickling right now to save himself his family his country or get out a way a fee out dollar. Can only be sustained through force as paul krugman said so force is not that easy to apply you have to do it with intelligence and you have to be smart because at a certain point and weve seen this throughout history many dictators you can see in egypt for example mubarak he he he controlled the population for 30 years and then gone once that once the people once the system rejects you and they change their their thinking its over its over it was over for the kings of france when the people rose up and here is the same and what sherman said this is a weird statement but he said we stand to lose all that because crypto currency is the currency of the crypto patriot right now and it took the patriots to night flag i mean an army which we dont really need a peace an army of peace it is true that big coin is the revolution of peace it is the ultimate passive resistance its jesus Martin Luther king and gandhi all rolled up into one beautiful card teasingly elegant algorithm thats blowing the roof off all these 10 pot dictators like brad sherman and others around the world and as a sharing in a whole era of peace prosperity and love if we can make it past us ecological devastation will survive if not because it will be at 100 1000. 00 but humans themselves will become extinct and our reminder of what brad sherman had said in may because remember i said hes at it again we cover this back in may and it was quite important is the 1st time ever uttered these words in congress in this modern post 1971 off the out world and he had said an awful lot of our International Power comes from the fact that the dollar is the Standard Unit of International Finance and transactions clearing through the new york fed is critical for me ger Oil Transactions now remember a lot of people do get that wrong this. Say oh like because ross nafta is pricing in euro this will end the dollar but with the most important is clearing through the new york fed where it settles where the final transaction settlement happens and if you can start doing this and bitcoin which is the final transaction settlement layer then thats a final settlement layer that is where that is the power of what big coin and as china is calling it the block chain is happening and i think thats what china is doing with their announcement and thats in fact what Mark Zuckerberg in these testimonies where this latest brad sherman stuff happened about libra well Mark Zuckerberg said if you dont if we can to leave then you you do realize that china is going to do this 1st i think this is the main one of the main differentiating aspects of big coins versus money paper money and gold so with both paper money and gold you you have deferred or delayed settlement with paper money goes to the Banking System it takes the time to settle these trades and theres a process called settlement its a well understood concept in Banking Finance and economics around the world you send money around the world it arrives at s. P. Socially verified and settled in gold and also you can send gold all around but its not has to be adjudicated as to be verified theres a late theres a delay theres a process behind it its takes a lot of effort to move it except her at that thats all friction lot of friction both on paper and in gold because uniquely is so subtle the transaction is the settlement. When the transaction hits it settles right theres no settlement layer theres no theres no delay when you when that big quake hits your account its done. That makes it remarkably more efficient and makes them it makes a revolution that is just now being understood by some of these politicians who are now fighting a rear guard action you know brad sherman is is like going to a gunfight with a knife he has failed to take on board exactly what exactly what the dimension of this battle is going to be a dozen or standing hes already lost also i believe the fact that he is speaking an absolute truth that this is something that could be like the which triggered the french revolution when the population of peasants saw all the books of the king it not only made him ordinary but it also shocked them about how much he actually had in the family in the royal and the risks to kratz to someone you know should tell brad to quiet down because hes giving the recipe book to foreign powers how to destroy the dollar and other parts of any country in the world wants to undermine the dollar today they would add to call into their Strategic Reserve a low oh you want to be a slave sorry well obviously china is not obviously russia is not obviously bella ruth is mining because there is mustering them because i said to do it for them to do this 10 years ago you know 8 years ago get the slave shackles off ok be free your country will love you. Do it again domestic population if theyre being warned this is their last warning i believe before the whole rampage starts 1st i want to mention because we didnt mention this and it was big news that the u. S. Budget deficit has 984000000000. 00 in fiscal 21000. 00 up 205000000000. 00 in one year that was a 26. 4 percent increase so the bucket when covering it yeah i got im going to cover off debt is money we owe it to ourselves that authorial of all that this is backed by my editorials. Yeah of course so heres the annual us treasury budget deficit this is during the financial crisis the spike there and of course that was the most since world war 2 when we were in a global war then we were at basically the same we were battling deflation we were battling all the toxic debts washing up on our shores in 2008 in 2009 and that resulted in this huge money printing this is this is were in kind of the stock market rise during the whole time as we keep on just throwing more money at that situation but heres another story another tweet this past week that you and i noted quite a few months ago and that was the fact that the stock markets are signaling boom times where the bond market is signaling armageddon right well heres a guy from he was a former economist at the i. M. F. And the chief the head of Foreign Exchange at Goldman Sachs one puzzle is that the stock market is telling a very different story about the economy of them bonds ive been putting more weight on stocks given that a decade of q. E. Forward guidance operation twist one into meaning that the yield curve in terms premium are heavily contaminated so these are the bond yields on the 10 year treasury and thats the stock market well the issue of the stock market is that with c a legal activity it formally illegal activity of stock buybacks and that picture of stock market perform. Is completely false i mean you have to adjust for the accounting fraud jamie diamonds from the money printing fraud and it would be 5060 percent lower than it is today at some point like enron itll just evaporate you know you wake up one day itll be like 01000 ounces down down 101520000 points hoops is no longer price signal you know that the fed is in charge of maintaining prices of maintaining the value of the dollar but what this guy who is the former head of Foreign Exchange for Goldman Sachs the f. X. Market is the biggest market in the world 6 and a half trillion dollars a day and here hes telling you that because of the intervention by the fed by by the u. S. Authorities by these other authorities like brad sherman who is worried about the u. S. Dollar well here this guy who is the head of Goldman Sachs the biggest Foreign Exchange desk in the probably the world and theyre saying that they cant tell anything because of the fed has basically put blinders over them they have no idea what is there on like say corn or gold where were you know with the reserves are we know how much is coming online we know that there is settlement we know theres no counterparty risk and we know whats there so this is part of what brad sherman signaling theyre worried about big crypto patriot. I dont do that though i am much more coming your way stay right there. Is youll be via reflection of reality. In the world transformed. What will make you feel safe. Isolation for community. Are you going the right way or are you being led. Directly. What is true what is. In the world corrupted you need to descend. To join us in the depths. Or in maybe in the shallows. Thousands of american men and women choose to serve in the countrys military and the decision little sheltered lives every song came to a complete. The day that i was right to be instructed you know told to shut up or theyd kill me and i see how it destroyed my life any screamed at me and he made me come in and you graham my arm and he raped me with his birth. If you take into account that women dont report because of the extreme retaliation its probably somewhere near about half a 1000000 women have now been sexually assaulted in the us military rape is a very very traumatizing tat happen but ive never seen trauma like. Women who are veterans who suffered military sexual trauma reporting rape is more likely to get the victim punished than the offender. And almost 10 year career which i was very invested in and i gave that up to report a sex offender who was not even put to justice or put on the registry this is simply an issue of our in violence male sexual predators for the large part of target whoever is there to prey upon whether thats men or women. Welcome back to the cause or a part imax guys or they selena gomez Financial News why am i the selena gomez of Financial News because were shooting this on an i phone of course wow times are a change and all right time now to go to the one the only joshua gala of all toro joshua welcome how are you max its a wonderful to be back on the show actually it already while things have been developing on your red tell us about voltaire oh who is voluntarily 6 it wrote you know we started in 2015 to trade some goat against big corn because well what we realized was everyone was trading in this filthy fish. And you know we all got into big going to get out of this is when mel brooks was happening with the what what are we doing in mt gox collapsed we thought brought it all to liquidate is a chewing through my money right now all my feet up because of course you as you know max belongs to the banks and they just promise to pay you back. And all the exchange so its on the exchanges balance books of course liquidate is a still chewing story that. Funny money and so we thought well lets have a counter asset based on allocated physical bullying thats in the clients name as their physical property and and of course if anything ever happened to it doesnt matter liquid i just cannot touch our clients assets because its in sitting in high security swiftboating facilities a chunk of metal sitting in their name is their property and that that was the goal and to also have pure transparency that really is the goal of the tour rights out of something good coming out of the mt gox disaster 2014 of course mt gox exploded and cause all kinds of problems and a lot of people lost a calling at that time and of all tower playing into this theme of gold and big bitcoin is gold is a lot of Different Services a lot of different conversations a lot of theres a lot of big debate about this with pond and and influencers alike trying to decide which is way and whats more important imagine transparency there of course thats a huge issue youve got something called the glass books protocol what is that joshua yes so we you know as mt gox collapse we really thought d how do we make it so that everybody can audit d the system of course we looked at what peter taught and gregory max what were doing with transparency and it was still too hot for grandma to figure out whats going on really want crack smoking grandma to look at it and go yep understand it and so we we basically built a system where everybody gets an anonymous id and then they can log out of the system so we dont know that which theyre checking and we publish every anonymous id with how much gold theyve got and how much because and then we publish the ordering certificates is the insurance certificate and the other paperwork from the voting facility but then also the the code will addresses from the crypt so that people can independently or what and if we meddle with the numbers. Theyll know that something is up because we publish everyones and they can sum up everybodys holding and see thats how much should be there and i think this is the future of syria true as exchange is of course centralized exchanges need to happen because the quick the fuss lets face it there are some things and people are used to holding our corn prices so popular because. Its kind of sucks but people really like having the keys looked off to them which in one way is terrible but in other ways it is what it is the market has that so what is the option the option is to make the whole place transparent so people can verify this stuff ok i get it so it is a centralized service but youre going for maximum transparent say so that folks going to say whats going on there or something of course you dont have a coin base or anywhere else the far as i understand it and this idea of individual sovereignty that people talk about with mccoy and i talk about it with gold and as you point out its a key concept when were talking about Mt Gox Mt Gox as you point out its an essay part of the history when they said when the law came men there was a lot of seattle around and thats the out was easy to seize and but in your protocol your service over there are dull torro that is not the case and are really heading it would appear and i think this is very important into a phase of individual sovereignty for Anyone Around the world who wants to opt out of a state system a commercial system and this is extraordinarily important as we see Problems Develop both the banking level and the state level around the world tell us about the hash tag drop. We see Barry Silbert talking about drop gold but i really dont see that gold and crypto a big core and a fighting against each other we should really have a common enemy and that is the fractional reserve fee a system that basically prints money out of norway and charges you interest that. Doesnt exist in the system so we have this constant on the gaza people scrabbling for money that doesnt exist we we want to find money that that is found into existence like gold is found into existence spend big cohen is a rare number its found into existence and spent and by it by bringing those 2 together we can we can really have an alternative to the Banking System and you know gold being so loaded it how it definitely has a place to play in the future and i think we should be talking about drop out not drop go right good point i would agree with that sal finest and vaults are out the primary service theyre sneaking up back and forth between the at between pick point and vault and maintain all the attributes of both and without losing anything and the let me get your thoughts on this joshua china announcing that they will be rolling out their own trip to currency or block chain is this good for the industry bad for the industry was it are inevitable as nation states start to drop at the price of pick coin was around 70 500. 00 it skyrocketed up to 9500. 00 close 210001 is this is a big trana spend perk youve been in the business for a while its been percolating for a while now the sovereign level the state level getting into crept out in particular with china joshua what do you think it means you know look you know a lot of people say oh youre a big korean maximalist but really im a competition maximalist and if this nation state wants to come out with a book china said 1st of all its going to be a fee out as if china review releases 1. 00 its still going to be under under feel. That that these tokens have gained its value and so i think its really sad that we dont allow that facebook isnt allowed to compete in private money we should you know i would know. They use facebook point i think its a revolting thing to even touch but i will fight tooth and nail to allow them to compete for good money fair enough and i think this is they the shame really when y