And its different than what youd find almost any other country in the world. So if the federal lawmakers are not open to making big when legal tender than the states are free to do. So, were seeing sony, arizona looks like florida looks like texas people in texas are actually talking about the seating from the United States. If the fed just want to keep their head in the sand and dont want to compete on the world stage, this is the state of arizona and they did in 2017 passed a similar law of making gold and silver a legal tender. So states do have some sort of rights regarding this, but also this past week, what we saw, which was quite remarkable, was that joe biden, his administration said theyre looking at creating some executive orders essentially like, you know, president ial orders to deal with. What he says is the National Security element of bitcoin. So as we predicted right here on kaiser for it, we were the only people to do so way back in 2011 max kaiser was predicting this would become a nation state level issue. And it now is that the most powerful country in the world, the empire as at war is. B concerned on a National Security level about big point, right . When i 1st thought i mediately assumed that these executive waters were going to immediately get the United States mining bitcoin as a National Security issue. Because they, they want to remain competitive in the 21st century, especially with now russia announcing that they are kind of leaning toward a very heavily toward big coin. It would be in Americas National interest to start mining bitcoin and accumulating big point. But on closer examination, it looks like the complete opposite. It looks like another incredible f o paul by america lawmakers who as napoleon one said when your enemy decides to destroy themselves, step aside. And i think this is the way a lot of countries are looking at the us that they want to take themselves out of the game and be a minor player the 21st century. Its not up to other countries. This help them to see the error of their ways. The fact is, the president of the United States of america is having to respond to bit points. I believe that now as you book kelly is the one that started this. This is how the game theory works. That worked like this in the individual level when we were talking about the going back in 2011, 201220132014. Thats when the individual human beings around the earth in various countries around the earth. Some like an argentina or in venezuela where they were having very high inflation or hyperinflation. Whether they were the 1st natural people to gravitate towards big coin. And then that drove other people around the world like online porn, or gambling or things like that that were technically kind of not quite legal in certain jurisdictions. So you have the same for game theory happening. So one person, as soon as the 1st person moves, and that was nice, you kelly on behalf of el salvador. It was going to forrest all their legislative bodies or entities, nation states. Or in the case of the United States states. You could see similar in other federal sort of systems like that, whether its india or mexico or brazil, like various regions might start breaking away and declaring bitcoin legal sanders, every country in the world will eventually make big coin legal, tender. The only difference will be at what price we have el salvador, making the move in the 30000. 00 to 40000. 00 range in the United States. There may wait for it until 251015 1000000 coin before they finally wake up. In any case, its all good for bitcoin, hot dollars. When these countries of finally wake up, you know, its up to them. It doesnt even matter if it becomes legal, tender. The fact is, the inevitability of it being the world. Reserve currency is inevitable. It will be the global trade settlement layer. It no matter what it is, layer one money. There have only been 2 other layer. One moneys before thats us treasurys and gold. So here we have bitcoin and it is the inevitability of big coin that is certain. Absolutely. But it is an acute problem game to see which country does make the move as you point out. It ultimately meaningless because the coin energy use alone will de fond fia money. De fawn gold. D. Fond the nations day. And de fond central banks. Thats already baked into the cake. So we have that to look forward to. But its a fun game to see which politicians, but he now try to save their careers in this way. We mentioned inevitability. And we mentioned cake. So they, inevitability of all empires falling like a layer cake is upon us. Soon after, of course, an empire enters afghanis and then loses and afghans and usually their empire is falling apart. Well, it seems like the United States is also doing that. Weve been chronicling this, of course, over the past 10 years. It could last another 10 or 20 years. Who knows what right now. We see these sort of remarkable headlines. I breaking a bridge collapse and pittsburgh hours before President Biden was scheduled to visit the city to talk about the infrastructure. Bill Police Reported the span came down around 6 am. Authority said there were no initial reports of injuries, and this is a remarkable bit human chain form to help after pittsburgh bridge collapses. So weve gone back to like pre pre civilization mode. Right, well, it goes back to 2008. Remember when wall street was timothy guy there in anc paulson, they put a gun effectively to congress his head and said give us many trillions of dollars to bail out our friends, or were going to collapse the stock market. And so congress acquiesced, of course, because they have no well of their own, and that money could have gone in the infrastructure. So here we are 1012 years later, and major bridges are collapsing infrastructures collapsing because america is being held hostage by financial terrors. Its been this way for 20 years. Theres no change that i can see bitcoin as a way out. But i think americas got a case of stockholm syndrome. They fall in love with their captors. So of course, trillions upon trillions of dollars were printed not just even in credit, like via the fed and quantitative easing and expanding their balance sheet, but also from the actual us treasury by a congress when they, they had also the fiscal stimulus. Trillions of dollars was sent out. So we do have, you know, the inflation of that weve discussed, but apparently none of it reached anywhere right. It all just either went off shore to try enough to buy goods and surfaces from them. So we have the dilapidated bridges, we have the dilapidated infrastructure system of the flights, like try to get anywhere in america. All these flights are being canceled. Maxon i ourselves out of the airport for like 15 hours because our plane lost some parts and then the, you know, there were no shifts like crew to man. The flies are like move the luggage and things like that. So there is a kind of entropy in dilapidation happening on the ground across the u. S. Despite the trillions prints it like you would have thought that something would have been done, even maybe one mask, you know, manufacturer would have been built like something but nothing apparently. Got done. All right, and its easy to prove this point. Just look at the money velocity which is tells you of all the money that was printed than any of an answer, the real economy and cause really cannot make. The answer is no money, velocity kept going down to 0 because all the printed money, just one of the pockets of a few bankers who bought some overpriced art work and some overpriced apartments on park avenue, and parked a lot of money off shore and was engaged in massive political fraud. Now this final headline here, im just gonna read them. Were not going to comment on the actual headline because again, this is sort of the platforming headline. And, you know, you dont want the director of National Intelligence to say that like you talking about this headline might have like for on elections or anything like that. So i just want to talk about this as an analogy and a metaphor for like whats going on in the rest of the world like that. If you watch the cable news, if you listen to the Feds Open Market Committee meeting notes and stuff like that. If you listen to them speak as the podium of you know, the press secretary or something that like none of it matches the real world in either direction. So on one hand, you have like bite and saying that this is the strongest economy ever. And my 4050 years and then on the other side you see the data ac, death of despair all over the place. Weve talked about that. But here this is on the opposite side, like the constant fear mongering on all sorts of stories that will get you the platform if you try to contradict it. So i wont mention those, but the fact is like, when you actually leave your house, leave lockdown, leave to the rest of our company, salvador, which is supposedly like, you know, run with games all over the place of homicide to murder and its paradise, right . So heres the headline, which is just so amusing with this guy from the New York Times. Tweeted this and without seeing like the humor and what he was saying with the us warning of imminent attack and nato forces on the alert, it is jarring to be sitting here in care of where ukraines leaders are acting like there is no new threat from russia i tried to unpack this contradiction here, as is the contradiction with from them, not you like listening to your own cable news and getting the wrong story over and over and over and over again. This is again part of the non stop end of empire. The inevitability of empire because they always get to that point where they, they cant see themselves there. Yeah. The, the New York Times reporter was in and sitting at a cafe and he noticed that, in fact, there was no crisis which seemed to go against all the images on cnn. Remember, colon pal and his little vial of baking soda. Betty waved around and said saddam has got weapons of mass destruction let span trillions of dollars for no reason. Thats before we go all that money f canister, remember saddam hoax. So its interesting that a New York Times reporter is not up on all the hopes, if they should. They should start, we should start something called hoax updates or something because this guy was truly lost. I mean, hes the meet the media is supposed to be that, that pillar between the population and power and explaining the reality around you. So if they themselves cant see reality, if theyre the ones i cant understand reality and hes the one saying, well the reality im seeing in front of me, of people not being scared, they, theyre there, theyre wrong. They should be scared. Thats like, thats a problem. This is the problem with the media right now. Its like i think scooby doo, where they go around china on masks the ghost and they pull the hood off and the ghost is us. Now, its like, we are the intimate. Its us, like they dont understand that yet that they, they say that theyre still believing their own propaganda and thats kind of worrying. Anyway, were going to take a break and when we come back, much more coming year away with mm with its an open secret that private military companies have been playing a role in our conflicts world wide. U. S. Government doesnt track the number of contractors it uses in places iraq or afghanistan, United States army and the military in general. So reliance on the private sector, i would call the dependency, but we dont know whos the on the ground presence of these companies overseas. We just dont out west and private military companies can in it turn. You so cool. Subcontractors from countries with trouble pass. The chances are quite good that they had also been charles soldiers. This is i was a child, as well as my job professional job is hes with me. Well, well move wouldnt look 41 percent at that month with no loan. Wall shit. Which going to be merciless killing machines. Now they fight and die in other peoples was people carol, lot one and a dead soldier or dead marine shows up in this country and then we start asking yourself, why did they die . Why do . What would they fighting for . Nobody bothers to ask about the contractors the me welcome back to the guys report i max or time now to turn to simon dixon of banks in the future. Simon, welcome back. Thanks. 7 me. What an incredible adventure. You wrote the book and 2010. Back to the future, 1st published book dimensions, bitcoin and we met up with the 2011, prague. What you consider to be the 1st big coin event ever. And of course, back then the price was a dollar or less than a dollar. Maybe 50 or 60 people in the world knew about bitcoin. And here we are in 2022. Youve just arrived incense door el salvador. And the country has made big coin legal, tender. Whats your 1st impression . Well, im really looking forward to seeing whats happening here, but theres a lot of excitement. This is my 3rd attempt at trying to support and be involved in the country. That is going to actually do something with bitcoin benefit from the 69000000 percent returns that have been generated over the last 13 years. Individuals have benefited from it. Companies have benefited it now countries to benefit from it and also with looks like theyre finally doing it when there was a little in the u. K. Back in the u. K. Where we 1st attempted this, there was talk in house the Parliament Today about the importance of support in tech and crypto currency. And it re, wow me. But over a decade ago, when i was trying to say the same thing. And then the bank of england decided to put the evil tens codes in and stop the u. K from benefit from it. So it looks like el salvador is going to be the country is doing it. The 1st government ive ever seen that says are going to do something and, and implement that foster, which is a really good sign. And so i think this is the country. Everyones going to come and say, yeah, as you mentioned, this is the 3rd country that youre aware of that has tried to or talked about making big claim legal, tender and, but now they really have executed on it. Theyve done exactly what they said theyre going to do in record time. Theyve got the government behind them. Theyre passing all kinds of new securities laws. Now, to support the creation and distribution of volcano bonds, big coin bonds. Now a sense of man over a black stream has said that he believes that the volcano bonds are the most Important Development in big coin sense bitcoin, your thoughts. This is the countrys opportunity to really say the country can do something without the central bank having to deflate that currency, manipulate interest rates, and show that you can actually rely upon a central bank where you have absolutely no control over and is just regulated by mass in caves and that is going to be able to benefit from not being able to change its supply and not being able to manipulate its value through interest rates, not being able to change it through open market operations. And shenanigans means that you actually, you get to just benefit from digital hard money and say now that the government is issuing bonds to the back by bitcoin. They get to show you the world that you can significantly outperform anything that any government or central bank has ever crazed is independent of needing any intervention at all. So i really look forward to seeing where this going and if the law, if the next 13 years mckenneth and like the last 13 years, then this is going to be the smartest move and this is going to be one of the highest growing countries. The g d p is already roughly 10 percent this year. It looks like its going to double again next year. And these will, okay, no bonds are really getting a lot of attention around the world. The i m f of course, is nervous because theyve had a monopoly or, oh, god plea, what the central bank for a long time and dictating economic policies around the world, even at the detriment of all these countries, including el salvador. They put out a statement this week, simon, basically begging el salvador, please stop all this bitcoin shenanigans that are going on when you read Something Like that. What do you think was just natural behavior . The m f one a monopoly and the world bank. These, these big, Large Organizations into a country organizations they want monopoly and, you know, theres many, many documents in history about the negative impacts. The world bank and i, m. S, lanes have had throughout latin america and different developing countries. And of course, you know, that is the, that is the, the strategy is to lend as many dollars as you can control the supply of dollars and then have on affordable lanes so that you can then have those dollars go back to the country is covered in confessions of an economic hit man and, and then once youve got that, you can then have you look lease over energy in that country. As you point out the book confessions, oven economic kit man. Really detailed the whole process of making these agree just loans to countries or they can pay and back. Thats a wealth extraction scheme. The opposition here in this country is actually lauding the scheme and saying, we dont want to kick out the economic hit man. We think john perkins, in that book is a role model that were trying to follow. Thats how confused the opposition is here. For fortunately, there are a minuscule and have no weight whatsoever. But lets talk about these bonds. What we know so far to 6 and a half percent coupon 10 year bond for 50 percent goes into bit going we had a 5 year lock up half is year mark for infrastructure. And the dividend is actually backed by tax. As i understand that, is that what were looking for, any other color you can add and we literally flew here, landed here because we want to see we want to be 1st to see the securities laws and the perspectives. So theres been a lot of design work on the thing, samson has been really supporting in that process, designing it with blog. Strange right, the securities laws are very important, right . Because the country is actually re architecting their security loss from the ground up to be big coin centric. So i think thats why when people say this is the biggest thing and big coin says big coin. I think thats part of what they refer to. Because this is the security is ation of big coin and the possible global securitization causes bitcoin. And for countries like el salvador, they could potentially retire all their i, m f that they could retire all of their external debt. But that gets back to writing laws that are big claim