And thats it for me Andrew Farmer will be here with you next hour to take you through all the news from around the world and stay with us for the kinds of reports next here on r. T. International. I am max keiser this is the times a report you know. Is a truth. If youre predisposed to being crazy crazy or if you predisposed being honest. More honest and in the case of some politicians in washington who are predisposed to being crazy off the wall. Who more so well of course and i to say says the government by and for the people a lot of our officials especially in congress dont believe that the people are smart enough to know whats best for them so we have brad sherman be an imbecile again in the past week and a half and the thing that i think is quite important for this is the process of de dollar is a sham that is going on and a lot of the stuff you see the turmoil in the repo markets the turmoil in the gold markets the turmoil in certainly political and geo political realities is revolving around the city dollar is ation we saw china for example in the past week and a half announce that in fact the president himself president xi announced that they are going long and block chain and in particular big queen so that is a proper part of d. Dollars ation and end run around sanctions and weaponization of the Dollar Financial grid and of course ross nafta as we covered the largest gas and oil company in russia is now doing all their contracts in euros they dont the dollar and brad sherman from California Well congressman warrens big point is the threat to the u. S. Dollar cryptocurrency either doesnt work in which case investors lose a lot of money or doesnt cheat its a perhaps and displaces the u. S. 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 he theyre going to have to start accumulating pickling right now to save himself his family his country or get out a way of 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 and i think we made 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 i said im a 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 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 adjudicate has 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 in paper and in gold because uniquely is self settling the transaction is the settlement when the transaction hits it settles right theres no settlement layer theres no theres no delay when you win that because its your account its done. That makes it remarkably more efficient 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 roy and the rest to craft stuff to someone you know should tell brad to quiet down because hes giving the recipe book to foreign powers how to destroy the dollar in other words 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 us budget deficit has 984000000000. 00 in fiscal 2019 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 of charles 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 then 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 premiums are heavily contaminated so these are the bond yields on the 10 year treasury and thats the stock market well the issue at the stock market is that with c a legal activity it formally illegal activity of stock buybacks and that picture of stock market perform. This 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 oh it out jones us 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 and probably the world and theyre saying that they cant tell anything because of that 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. Right aand it dont go away much more coming your way stay right there. Are no. One else seemed wrong. Why dont we just dont hold. Me. Yet to see how this day comes. And in detroit. Trail. When something find themselves worlds apart we choose to look for common ground. Is your media a reflection of reality. In a world transformed. What will make you feel safe. Isolation full community. Are you going the right way or are you being led to. Direct. What is true what is faith. In the world corrupted you need to descend. To join us in the depths. For a mate in the shallowness. Welcome back to the kaiser report imax kaiser this selena gomez Financial News why a modest selena gomez a Financial News because were shooting this on an i phone of course wow times are changing all right time now to go to the one the only josh gala of all toro joshua welcome how are you max its a wonderful to be back on the show actually it already well things have been developing on your end tell us about paul taro who is voluntary hit it well 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 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 out because of course you as you know max belongs to the banks and they just promise to pay you back and and all the exchange so its on the exchange of 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 right sounds 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 to our also playing into this theme of gold is 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 a 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 glassed books protocol what is that joshua yes so we you know as mt gox collapse we really thought how do we make it so that everybody can audit 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 coldwell 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. As exchanges of course centralize exchanges need to happen because they quick fuck lets face it there are some things and people used to holding our coinbase is so popular because its a kind of sucks bit but people really like having their keys looked off to them which in one way is terrible but in another way 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 oh ok i get it south it is a centralized service but youre going from 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 its far as i understand it and this idea of individual sovereignty that people talk about with big coin 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 issue in part of the history when the feds when when the law came in there was a lot of fee at around and that was easy to see and but in your protocol your service over there vaults horo 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 point of fighting against each other we should really have a common enemy and that is the direction or is a system that basically prints money out of nowhere and charges you interested. 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 load it had to 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 or navigable as nation states start to drop. The price of pick co