The nation and that we had the freedom of speech freedom of Association Freedom of Assembly Freedom of religion one thing youre starting to see and its really heating up lately is that they theres definitely a faction within america that doesnt not want people to be able to assemble online and communicate online to speak freely to each other online they want to monitor what youre saying to each other and make sure youre not having ideas that might make their life more difficult in terms of having to persuade you to join their party or vote for them or whatever so thats why you know its so important and i believe for all sides the stories i myself like him pretty confident in my opinions and how i see the world that to hear somebody elses opinions or see their view doesnt shatter my fragile sense of identity as you see going on. So i want to show you that you know m s n b c is one of the leading advocates of shutting down shows like ark the kaiser report and the kaiser report by the way has been so far ahead of all the other competition of covering j. P. Morgans crimes remember we were covering out there Precious Metals manipulation years ago here in kaiser report back in 20102011 i think is the 1st time we covered that and sure enough the department of justice when they were about to charge him criminally for rico racketeering rigging Precious Metals markets what they pointed out was it basically a starter almost like a few weeks later kaiser report started covering and pointing out what was happening so i want to show you how m. S. M. B. C. Has covered morgan m s n b c Stephanie Ruhle films promotional spots for j. P. Morgan chase one of the banks she covers as a journalist so shes apparently done some online ads not on amazon b. C. But online promotional clips for a thing called chase chats and apparently its like all telling you how to save how to save right and as we started like Interest Rates are 0 percent heading toward negative because of all the crimes that j. P. Morgan and other banks have committed over the years so were still paying those and now theyre telling us shes having these commercials telling you hey why dont you its not aussie its you that is destabilizing the economy you dont save and you need to say it is 3 reasons why americans should be upset about this number one youve got a recidivist crime breaking j. P. Morgan that has a Business Model of keeping 0. 75 of every dollar they steal as they themselves will tell you number 2 they will go out and they will coopt Mainstream Media to cover their tracks and they get people that should be covering their crimes to be doing online commercials for them promoting moral causes as a way to be see wash Mainstream Media wash their crimes number 3 by not. Seeing what weve been doing a report sense 2010 going back 220092011 you did not hear our coverage because of the dollar and now we go out to 100 Different Countries and we created hundreds of thousands of big point millionaires all over the world not so many in america because of the rossa phobia of the Mainstream Media and the censorship that went on here so the joke is on you my friends but i do want to stress that more than being like a big point millionaire or anything like that the important thing is that you are not helpless youre not just sitting there a passive victim of the sort of you know j. P. Morgan crimes that theyve had to pay a fine and get to walk away say you know its it doesnt matter how much dollar wealth you have that freedom is more important and thats a good again what the Founding Fathers of america when i said that that you shouldnt trade anything for your liberty nothing is worth your liberty but i get that but ive already and now 20 years into it realize that liberty is dead in america i already accept that they are except that jamie dimon is a crook and i am accepting that decline is a way out well i want to get on to this the important bit about stephanie rule on this not only is she the Senior Business correspondent for n. B. C. News and right here we cover business through some Financial News fight finance markets and scandal so with this is part this is all of it into one its a scandal finance and markets so shes doing this online as promoting j. P. Morgan chase but in rules case the questions are more than theoretical about whether there is a potential conflict of interest of when she is doing this work for jamie diamond on the side and then she goes back to n. B. C. News as a Senior Business correspondent well over at n. B. C. In august the m s n b c host conducted a lengthy interview on the network with chases chief executive jamie diamond about j. P. Morgan chase is an issue they have to hire minority workers we have invited jamie dimon several times on to this. Graham he has an attendant perhaps because he was under investigation by the department of justice and didnt want to have to say anything he didnt want to hardball interview he wanted a softball interview that would talk about his record on hiring minority workers but you know in terms of you mentioned ben bernanke the former fed chairman Alan Greenspan did say he was willing to tolerate fraud in the markets in order to have efficient markets and liquid markets and he said this in a calm in a debate with Brooksley Born who was against the commodity futures modernization act which did see an explosion of fraud and the markets and she warned about that but Alan GreenspanLarry Summers and bill clinton won that argument they said that fraud was necessary here were what were seeing is Mainstream Media elites are saying well were well into office so overlook fraud if you will hire some minority workers whoever the victim of that fraud is on the other side we dont know j. P. Morgan settled with the department of justice and paid a 120000000. 00 fine so we dont know who the victims were of the of the Precious Metals fraud who was on the other side of those trades that lost you know money to the trading desk at j. P. Morgan but whatever those victims the victimization of those people apparently is worth it if there is some minority hiring at j. P. Morgan well im one of the victims right because im a big buyer of Precious Metals named dick price discovery and you know im a victim and i should have as much say as a victim as anyone else in the society whos paying themselves as a victim who gets a nice film made about j. P. Morgan why cant jamie diamond make a film about maximizers victimhood why can i come out there and say all precious metal buyers matter because its just as important as any other aspect of our society is price. Transparency and price discovery thats probably the single greatest most important aspect of any functioning society is price discovery acar prices sky every more so than any of. Moral or esthetic or ethical. Kind of set of rules because without sound money without sound prices coverage you dont have a society full stop jamie diamond wheres the film about max kaiser its long overdue you never come on the show you have made a film about me and youre recidivists nonsensical fine paying you know i dont like all that so here is even reuters saying basically agreeing with what the kaiser report said and yet but we offer you the solution and the solution is to exit the system by a bit quaint and you dont need you join orangeville Podcast Group you dont need to be in this world that jamie dimon controls like its his its his Financial System and if you want to be in and participate and complain about his stuff then you should do that but you can exit and just say right jamie dimon you know you know what you could do but heres reuters despite j. P. Morgans record spoofing fine deterrence questions remain they dont think jamie dimon and chief morgan are going to stop that a fine is going to stop them from committing crimes and they go to better markets an industry watchdog recently published its own analysis on j. P. Morgans wrongdoing which covers a 20 year period until 2019 quote j. P. Morgan chase has a 20 year long rap sheet that includes at least 80 major legal actions that have resulted in over 39000000000. 00 in fines and settlements any other business in america with that recidivist record would have almost certainly been shut down by prosecutors long ago it said however the largest banks are effectively shielded against executive prosecution and jail time and thats an injustice and that injustice is felt ripples through the economy and how white people are by their social unrest it starts at the top if there is a if there is an untouchable class it only struck down eventually it might take 20 years in this case but its working right now but hes doubting that jamie diamond steals right that. Its not in question that what youre saying here is that the government and the lawmakers have decided when jamie diamond steals is good for society if some a looter out of San Francisco steals somehow thats bad for society but of course theyre equally bad i would posit and let the lootera keep 75 percent of every dollar they steal or make more tax all right were going to take a break when we come back lots more coming your way. Youll be a reflection of reality. In a world transformed. What will make you feel safe. High salacious community. Are you going the right way or are you being so. Direct. What is true what is faith. In the world corrupted you need to descend. To join us in the depths. Or remain in the shallows. You know what i mean maybe out there see if they can act on many grown men not me and our 4. I kind of were on that one course if im not the now one think its higher than i. Have to come mafias safe and quick passage to europe but once they. Leave the country util. Will not some of them the be a mama i couldnt you know if this unit can get it out of me. From the chief of the they sold the. Home court of the united. Because the persona that a kid even the skeleton woman. Room welcome back to report time now to go to parker lewis unchained capital hes written an excellent big client series called gradually and then suddenly the famous quote from the sun also rises by Ernest Hemingway parker lewis walk on to the kaiser report max thanks for having me on glad to be here and look forward to catch up for a bit you write and i paraphrase that the wealth inequality and social unrest we see around us is largely due to the currency that currency is the input the economy is the output elaborate on this one of the ways that i frame and specifically want to talk about decoding is that the activity that happens all around us is a function of money and money as a medium is what coordinates all their Economic Activity and. Oftentimes people think about a condom is converging on a single form of money i more think of it as economies grow out of or berge off of the common use of made everything about Economic Activity and thats the way that we think about economics today in markets really emerge from the use of one for money versus the other way around and that what we see today in terms of incredible amount or id say stream levels of inequality and growing levels of imbalance and ultimately instability in the Economic System is a function of the money that if were seeing that in the world and i think more and more people are recognizing that that is a symptom is a problem now very few people i think are see what the solution would be to that. It is actually a breakdown in the monetary beat it south of balance only exists and that imbalance only grows and sustained because the monetary medium itself continues to be manipulated so work we are told for the most part that the centralization of of economics and money. For example keynesianism. That form of economics is something we currently live on in america and around the world and other various schools whether its the modern monetary theory that there needs to be a centralized control of this money and the economics and what it sounds like youre saying there is that. The attempt to create as you say a policy in a school of thought around money is backwards that we need to 1st focus on money and then from that youll get your economics is there currently any model or school all that is close to what youre talking about i would say that the school of thought that would be closest to it is the Austrian School happens to be a school that that isnt taught you know kind of at least you know i have an economics major i was an economics major from the United States of becoming university and then when youre not taught the Awesome School so basically only one school of thought the keynesian and i really think of it as the keynesian the monitor is the bonnet not modern monetary theorists they are all similar thought which is centralized control of an economy can help result in positive outcomes and i would say i would categorically reject those even though thats the way that i was taught in a very big school of economics and more realistically this precise principle than i would would 0 in on is the function of a crisis them within an economy and a racist merges from the the the common use of one currency in that the mere act of what the Central Banks do in manipulating the currency they cause the Pricing System to break down to create rigidity in that price system and they allow ballots to be sustained to be sustained be a monetary manipulation now weve got something happening in the world over the past 10 years and that is the ability to put in to practice what youre talking about there in terms of Austrian School of economics because this was. More of a theoretical concept than a practical one or one that we could try out however with bitcoin we now actually have the ability to put this into practice and im curious you know what your thoughts are here but it seems that what were discovering is all those who believe that lets fix the money 1st and then it cannot much follow us are now watching as bitcoin begins to go mainstream around that very principle is that is that what are your thoughts there and thats i think you hit the nail on the head there i love this idea which is theres theres theres multiple schools of economic thought theres keynesian. Monetarism i dont really consider modern modern monetary thought really a theory i think its like childrens play is just its just you know kind of johnny come lately explanation for unfettered deficits and really reckless monetary or fiscal policy within the United States thats enabled by the fed but i can sit here and i can spouse austrian economics and i can send you to the cows come home about why it makes more sense but what we have a decline is a market and thats the beauty of it that individuals and businesses all over the world they could care less about Austrian School of economics for skins in School Economics theyre looking at 2 different forms of money and theyre making a decision as to whats 1. 00 which one works better for them and what we see in terms of the price of the rate going up and more and more people adopting is that when its put to a market test which is between 2 competing Economic Systems which i really think about the coin is more than just the current c its an Economic System it is competing the legacy system with each person incrementally chooses to adopt it and her 1st to hold it as a monetary medium rather than wait a secrets now i should note that youre our ability to articulate these ideas and. The the writing that youve done got noticed by people like Michael Saylor who then put 425000000. 00 of his treasury over their micro strategy into bitcoin as part of his overall learning curve into this space so this is now. At a time in history when that migrations of the hot alerts and the early adopters now to the Corporate Treasury has taken place and now other corporate treasuries are following suit. Is this an act to add another element to our the discussion here is this an example of game fairy and if so were is that going i do think its an example game theory because you know again if i come back to the economic principle i think about money as solving an inner subjective problem and that when when each incremental person is evaluating this decision its effectively becoming easier because more people have come before them that theyre looking at the equation when theyre trying to solve an inner subjective problem which it which i guess the solution is money is that everyones looking around and saying how my going to store value how we get your mediator series of transactions and theyre looking at the properties in an objective way of one monetary medium versus another versus another and because its an inner subjective problem of trade there are projecting out to say what what it works best for me and what works best for me is likely was going to work best for many many more people and as they do that as time passes then it becomes easier because if theres 100000000 people that have already come before you and your decision is easier than like you in 2011 you know making that decision before the next 99000000 came with a 99. 9 came and so i think when people like Michael Saylor make that decision and if theyre meeting my writings also recognizing that you know i learned from someone like you and and something that really accelerated my my understanding was safe it was formative for me and that im not necessarily influencing Michael Saylo