Kaiser this is the report you know humanity is looking up actually. This is the thing i like about very poor and decline because as Paul Tudor Jones said hes that Hedge Fund Billionaire and heres the headline to remind you of what he said Billionaire Hedge Fund manager Paul Tudor Jones a bet on bitcoin is a bet on human ingenue at. So we have to show you know we listen to all sorts of heterodox thinkers who imagine better worlds who imagine things can get better who always you know have faith in humanity that humanity at the end of the day will always rise above the elite and what the elite always want to crush innovation and ingenuity and things like that because they want to solidify their hold on power right so you know which when we look at what has happened in the United States with coded for example in the response. Keyser for very early on we spoke to bruce fenton hes a big queen are and what did he say he he was one of the early ists ive known we got prepared because of him in january he was like youve got to get prepared for this coded pandemic its coming you know stock up on this prize and stuff like that he came on to the report and he said the thing is like he thought it would be ok ultimately because americans will come up with their own unique solution that they would not be able to do it turning a dead which is because chinas more authoritarian and to lock down the population but he thought we would come up with something innovative and unique to america but we didnt and well get into that in a moment you know what are your thoughts on well i think the point about because is that it is a bet on humanity has Paul Tudor Jones has said and that is proving itself on a day to day basis because those in the Big Community are extremely positive about the future because big cowen solves a lot of problems we face because of money because of Central Banks even the nation state itself as a unit of governance has kind of outgrown its usefulness and so the big claim communities very constructive very positive about this and we see that growing every single day now whether that helps the price go up or whether the price goes up because. Thats what makes people positive i think theres a self feeding dynamic going on there and you know its all good yeah thats about time preference right so people in the big one community have hope for the future they what they want you know they know their savings is going to grow and they know the the world is going to get better as the money gets harder and. Carter so when you look at a gulag casino a state of a currency and what it inspires and what it encourages is very short term thinking so we have elites trapped in a cycle of the new cycle the cable news cycle and they like to bash each other the other side is like you know that professional wrestling where theyre beating each other up in this fake sort of way but the one who is the most extreme and jumps from the highest rope and lands on the other guys back and they spread eagle and all this sort of stuff like that supposed to be like the most entertaining and thats all theyre focused on so you can see it in this the study that has actually come up out and its been reported to the National Bureau of Economic Research and the researchers are from dartmouth and brown so too Like Ivy League a definitely one of them is i think im not sure about dartmouth but as close to us News Coverage of code it has been more negative than in other countries researchers find so theyre referring to that report which is called why is all covert 1000. And this is so fascinating heres a summary of their results we analyze the tone of coded 19 related in english language news articles written since january 1st 202091 percent of stories by u. S. Major Media Outlets are negative in tone versus 54 percent for non us major sources and 65 percent for scientific journals the negativity of the u. S. Major media is notable even in areas with positive scientific developments including School Reopening and vaccine trials media negativity is unresponsive to changing trends in new 1000 cases or the political leanings of the audience us major media readers strongly prefer negative stories about coven 19 and negative stories and general stories. Increasing covert 1000 cases outnumber stories of decreasing cases by a factor of 5. 5 even during periods when new cases are declining among us major Media Outlets stories discussing President Donald Trump and hydroxy clark 10 are more numerous than all stories combined that Cover Companies and individual researchers working on covert 1900 vaccines grab also a failure of journalism such journalism standards on them in the United States of fallen to even below tabloid down below the National Enquirer type levels right its become like that famous book and then subsequent movie lord of the flies so you have cable news anchors trapped on an island. And they become savage and sadistic right and the audience theyre bringing their audience along with them. And nothing. And eventually becomes almost. Accountability right and so this is but but but on the same token you know the big coin is offering way for people to completely ignore than is completely ignore president ial politics completely ignore the fact completely ignore the columnists because theyre all being just intermediate their ball being euthanized you know in you could say and so theres tremendous hope in this. I wont miss any of these folks to tell you the truth happy to see them go right thats the thing is this thats the problem with Corporate Media the profits are in as you know as a former stockbroker you know people get addicted to law losing they get addicted to fear they get addicted to helplessness and all that that is generated on the cable news and so they have its kind of a feedback loop they have to keep on doing that otherwise if Rachel Maddow doesnt feed them fear then she loses her job or her income gets caught right so it means that the best just the facts of of we see in the numbers 91 percent are negative stories about cove it in the United States no matter how good the news is versus 54 percent over seen right or a press apple to contrast this right because its been around a lot longer and the institutions are a lot stronger. In Continental Europe for sure you have a much more sense of dignity for people who travel to spain or italy or france and they go especially in the countryside you meet folks who are by american standards not well off men. Maybe not even middle class but they have tremendous dignity and thats something you never find in america you have a leitz and they tend to call everyone else deplorable as was the case and neither hillary or any of the people shes calling deplorable know anything about having any kind of dignity these same organizations that go into the top 14 are the most negative and those 14 include the New York Times include the Washington Post include m s n b c and c. N. N. Those are now the arbiters of our truth and that and the truth they are telling you is to be afraid and that everything is horrible but in fact the data showed otherwise so again this is a study in the National Bureau of Economic Research and they say over all the major us Media Outlets the 14 most viewed and read are the most negative of all as an example the author cites separate research on schools during the pandemic which found that overall infection rates among students were low 0. 14 percent and schools didnt become super spreaders as many feared they would yet 90 percent of the School Reopening reports in the us major media were negative versus only 56 percent in non us major media so again theres just a disconnect theres something going wrong with the elite messaging system that they themselves are living in fear because of the rising discontent with their rule and so theyre projecting so much of their fear and their negativity onto things that just dont exist like that as this Research Paper shows it just doesnt exist in real life and yet theyre painting a very negative story right who i think was garbage all who refer to america in ited states of amnesia right so we have touched on this before the americans like to forget slavery. They like to forget the atrocities on the native population the United States of amnesia so the cost of all that the trade off is they have no institutions no cultural institutions no Public Institutions and no memory in their memory so theres no its all basically winner take all its just basically guttural fighting bumfights right so if you ever seen those videos i think theyve outlawed them now if im fighting this is pretty much the American Experience you go to the supermarket they go to walmart on black friday its bum fight right try to get some health care you get on the hospital its bumfights everywhere you look i mean thats the america that is taken over and the man is feeding it because they get a concession theyre like selling hot dogs at the bottom fight so they are happy because theyre making a lot of money but in europe its theres a cultural tradition an aesthetic theres art you know these types of things that are a lifting of the spirit you know people spirit can be lifted easily in europe because they are surrounded by hundreds of years a 1000 years of culture in the us the oldest thing are the trees and of course the media elite are can tell you nairs so all that negativity is forcing the fed to print ever more money to save the economy and thats another thing that i keep on saying is like youll see people just casually drop the disasters the qana me and the disastrous Economic Situation for everybody and then youre like wait but incomes are up 5 and a half percent because theres so much money printing is so much free money going around savings this huge like the huge expansion of Unemployment Benefits so like theres a total disconnect between what the world that the media presents and that that is lived and i just think its a dangerous disconnect and and its especially dangerous that these things bodies the same 14 u. S. Media outlets are at the front forefront of shutting down other options. Might tell you that in fact its not so bad in fact people like that who say it wasnt as bad that cove it wasnt as bad or there were some positive outlook or positive news they got to monetize on you tube they got like shadow bad so you know join the orange. Oh yeah its. An. Orange is the max and stacey Telegram Group theres almost a 1000 people in there now and its totally positive and you can escape the misery of. Faking of escaping take a break and come back much more coming your way. So what weve got to do is identify the threats that we have. Dramatic. How. Tom. Welcome back to the kaiser report imax keyser time now to go to a big coin entrepreneur b. J. Boy a pop b. J. Welcome thanks max im really happy to be with you have been watching you on here for a really long time sir great to finally shall we be they also mean ive been following you on twitter for a while and i want to get ya now it got a very interesting bitcoin journey how is it that your family found itself trying to secure its wealth when crossing borders and how that experience led you to bed point b j yes when i was a kid my mother got sick and we grew up in a strain of my dad is from india and my dad kind of got really worried in decided he thought it might be a good idea to move his family back to india and this was in the early ninetys when you didnt really have a Banking System and he decided to sew all his assets in astray and take his wealth back to india by carrying a bag of gold in an airplane and i still vividly remember is a young child how stressed out and tense my dad was this is highest crime in the years not. Is this a particularly crops country and its a its a scary thing to take your wealth in a bag what country so i really had. Personal experience experience which allowed me to grok 0 and deeply understand the Value Proposition because only on the ability to transfer your wealth anywhere at any time without anyones permission so i think only on when i came across because very quickly understood why it was valued right chart sounds on a map showing that on the bit coy network a half a 1000000 and value is swapped every 2nd of every day and the point also a big. Its about value swapping not transactions per se its not about getting up a coffee its being able to move your entire net worth without having any body stop you its on confiscated wallet on sensor ball and made it such a great example of exactly what that means to a family now back in 2018 year out that owning bitcoin is one of the few asymmetric bets that people across the entire world cant participate in weve got a massive audience a lot of america b. J. Is this still true or is it too late now that the institutions have arrived i think the upside is still massive for big queen i mean is one of the great things that its a technology that can improve freedom across the entire world but you can also benefit financially from it i think the tweeny. Own Value Proposition on the you can take your savings anywhere on earth without anyones permission and that your savings comp be debased Everything Else is noise is the 2 Value Propositions and i think that. People who review. 3rd world countries in places like india have a much more visceral understanding of why thats important people in the west see the financial opportunity they want to become richer than they already are and i think if you with more of the poorer countries where you currency has been debased or your savings have been confiscated by click to credit government. It really resonates a lot more that keeping your savings is that is a very important thing full families now of course in india its a country what your maddest gold ownership Something Like 20000 tons of gold are owned by indians principally women as a form of wealth and so theres an understanding in that hair and understanding of gold as wealth in the big coen world we find a lot of tension between the old. And the crowd and what one of the galt what were the goal people messing about to quite a while why why cant they seem to understand whats going on air or are they right b. J. I think a lot of gold. Mistakenly obsessed with its physicality that its real its tangible it has Intrinsic Value what i think been missing is that gold so sorry to be queen so its all of the properties that make gold good is a store of value in the properties that have been understood since the time of aristotle. Fungibility divisibility portability and most importantly scarcity the way i think about bitcoin is its gold with teleportation built in and thats it thats a critical comparative advantage is critical innovation the queen brings that gold is never had gold physicality causes a problem of locality its hard to mirth and it causes a tendency to want centralization of storage which makes gold much more vulnerable to state attack and because it is so if you look at u. S. History for example in 1933 Franklin Roosevelt issued an executive order 610 through which confiscated every one savings which was at the time in gold gold was money that is something that decline is much better preventing and i think is key comparative advantage you can you can cross a border with 100000000 dollars with a decline without anyone ever knowing you can keep your savings without anyone ever knowing and thats a very very powerful thing especially in countries with. Tucker seas and. Dictators who are prone to confiscating the savings of people now are saying a lot of interesting competition break out amongst countries that are low. Thing for financial migrants to come move to their country people who have a lot of wealth who maybe are not being treated as well as they could be in their home country theyre moving to these countries with their big coin and this is breaking down the nation state barrier because the nation states no longer have that monopoly or only gospelly position that they once had thats one of the effects one of the impacts of bitcoin of course called going back millennia now few 1000 years its always valued in terms of weight. And its a weight of gold and this was during a time when many people in nature were all dead none or stand mathematics than understand how to add 2 plus 2 with an even exist of course now we have mathematics thats only bad maybe 3 or 400 years although if modern mathematics amount 2020 and starting in 2018 and 22008 with the white paper weve turned mathematics cancer vault but thats a story for another day so lets continue on here with. Gold because it sound money you talk about or its the norm in Human History the fear of money was the anomaly while lessons can we draw from nearly 50 years long experiment of a purely fear of money world major you know we live in a very strange time in history most of history has had sound money money which is scarce cant be printed common created by governments and its really just the last century when weve tried this when i call. Call the fear money interregnum i think its sort of a brief course in history where were trying this horrible experiment with yet more money and were going to get back to some money were going to go back to a coin standard. You look at the 20th century its i think our posterity is going to look at it as one of the most long thirsty destructive centuries in Human History and it really comes down to governments having the ability to much more easily fund the welfare wharf estate and they can do that through inflation its a way for governments to in cities 3. Appropriate the savings of their population use it for purposes that they. Claim a beneficial. If you if you go back a few centuries its much harder for governments to fund warfare because they would have to have to direct. Task to direct taxation is politically unpopular and theres a limit to it people see the money coming out of their pockets directly and they some point they oppose that inflation is much more insidious not since because its a hidden tax people didnt really understand what governments have been able to do and this is come out now documented and the gold market its been now an open its an open known fact that big banks on wall street like j. P. Morgan have been manipulating the price of gold so they they and they dont allow for a price discovery in the price of gold and so the point being that one governments will say you know all that money part things that cause inflation and they say 2 things they had just a calculation for inflation to exploit anything theyre going up a price and then the point to the price of gold and say well if theres so much inflation elcom gold is going sideways so now we know that that theres no real price discovery but with a coin we have genuine prices cover again and skyrocketing isnt that going telling us that were entering a well let me ask you this the money currencies they are in right now a hyper inflationary collapse against bitcoin veejay. Yeah i think thats right and i think to many people gold is much more manipulable because because of its tendency decentralization in custody in large Financial Institutions but even with gold i would say that that kind of chicanery can really last a long gold has been rising for you know the last couple of years and i think shane or e is over i think gold is going to do pretty well as well in the next few years clean is going to do much much better than gold because it is the asymmetric gold is no longer an asymmetry and because it is an asymmetric bet because what were seeing is a monetary very standardized patient which is the cool of global savings moving from one monetary stand it when you monetary standard and as as tourists savings little savings flowing to be current is very naturally going to skyrocket because of its limited supply so i think both. Forms of saving are going to do well but i think because it is going to be much that it will go right on that note in june of 29th day v. J. A boy a potty wrote the following quote very few people correctly anticipate how high the market will go and most will be shocked by the final peak this is the bull market when bitcoin achieves geo political significance so everyone will be watching the feeding frenzy may be like nothing weve ever seen now says he wrote that citibank came out with a report theyre looking for because that trade at 300000 or 310000 dollars for call in 2021 is that approximately where youre your stances are do you have what works your number these days a j. I mean you specifically pretty good look at i like to think about christmas through cycles and how similar this bull cycle is to the previous 11 of the weve never seen a monetary could be monetized in real time so were all learning something and one of the things i think is most fascinating is that were learning that process is monetize ation happens in this kind of strange fractal pattern of increasing magnitude if so if you look at the block of 20 you have into 2013 a very very similar to the bull market from 2016 to 17 and same thing is happening again if you were to model this current bull market based on the prior pull off it actually fit you look at it we kind of ahead of schedule right now the price is higher than it should be were following the same poppy quote here proximately 3 125000 somewhere in october of 2021 are whether that happens or not i am not sure i am. A little surprised we moving as fast as we are because because it is already at sort of a significant scale i would have thought this bull market would happen a little slowly but its happening much faster than i thought so i think its entirely possible these numbers are being thrown out are reasonable right ok were going to do another segment with you for now its good bye thanks for being on the kaiser parv ha. Thanks max and thats going to do it for this edition of kaiser report was made back kaiser and stacey i would like to thank our guest d. J. By a pot and so next time buy a. Clue i think israel has. Genuinely and to some extent in a manipulative way. Any strong state in the reach of. Iran in that sense is a psycho political threat. More of them than i think a material. She used to be material carette is used to manipulate and part of the israeli public which is very divided now and they need symbols of unity and one of. The iran threat. Always be polite never engage with the negative aided or confrontational. Get into any conversation or start answering questions just ask for an attorney. Survivor. Youre more likely to walk free if youre rich and. Youve got 2 eyes and ears in one now. So you should be seen in here and a whole lot more than youre saying if you dont take that advice easy going to dig yourself. Out. Of. More anger in france over plans to ban the public from filming the police the u. N. Says the new security bill is incompatible with human rights however paris insisted wont be dropped although it could be written. Lets go inside and talk to the 1st volunteers of worlds her. Mass vaccination russia starts of free mass vaccinations against covert 19 right here in the capital we speak to one of the doctors who is 1st in line so help people who are sick with hospitalizations and intensive care and needing long ventilators and i dont want to see this anymore become such a patient myself. In the head at the end
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