tv Keiser Report RT February 20, 2021 3:30am-4:01am EST
max kaiser this is the kaiser report what we predicted was going to happen is happening we said this was going to happen years ago maybe even 10 years ago and now it's happening what am i talking about stacy that's a good question well you might have to go back and check 10 years of kaiser reports because we have course did say this long ago whereas over on the other financial media they were. just apologists for the banks now the banks have come around to our way of seeing things and we warned you 1st morgan stanley cryptocurrency he's here to stay as serious asset class bit queen making progress to replace dollar so this is
a pretty major bank saying that because one is actually on target to replace the dollar as we alone told you 1st none of the u.s. cable news ever told you this right he can see it developing every day in real time as the market cap of bitcoin now pushing a trillion dollars remember we 1st started recommending because our audience when the market cap was under $2000000.00 when it was less than it all yeah it was like under $10000000.00 sort of thing is that any $111.00 and now the market caps pushing a trillion it's already i think the 5th or 6th biggest currency believe it recently overtook the swiss franc in terms of market cap and size in the global market it's getting close to 50 percent or so overtaking silver so the global silver markets approximately just under 2 trillion so certainly within a few months because it will be vaulting over sober it's on its way and my believe in 2020. 1 to get halfway or so against the market capitalization of gold that is
it would be 4 trillion on its way to 10 trillion and then you know once it gets past gold there's only the dollars left and the thing about pickling is that it is the apex predator or it is the shark in a ocean full of gold fish and or plankton and which is the u.s. dollar they print a lot of dollars but they're not particularly robust and they are going to be decimated as because dominates it becomes a global world reserve currency as we predicted so morgan stanley now is finally waking up to this day i might add that stacy herbert here i was on stands very researches podcast their video podcast by daniela company and i said that because he was the fastest horse in the raves and that gold was the best looking horse at the glue factory was heading to the glue fact i saw that and all these gold bugs were triggered and i was going to say frank who is
a multibillion ne'er canadian gold bug did go on to twitter to slander me and call me essay that was the dumbest thing he ever heard but here again you know maybe he might take it better coming from morgan stanley morgan stanleys head of emerging markets and chief global strategist right sure sharma publisher reported to have a wide crypto is coming out of the shadows on the morgan stanley website last week quote despite the jitters natural on a global pandemic crypto currencies are rapidly gaining popular support as alternatives to gold store of value he said and the dollar as a means of payment the strategist elaborated we see fundamental reasons to believe that regardless of where the price of bitcoin goes next crypto currencies are here to stay as a serious asset class so he's saying it's displacing the dollar as a means of payment and gold as a store of value so these are. this is what we've been saying like. it's
a black hole that sucking in all these markets a stocking in store of value is sucking ins means of exchange many of the big point debates that you see going on between early between proponents was always like no we only want it to be a means of exchange do not let it be a store of value like you can stop the market you can stop participants in the market from using your your money as anything that they want to use it that but what's remarkable is that many years ago frederick hyatt was interviewed and said money was a technology that 100 years old many hundreds of years old and as long as governments controlled money there could be no advances in money along comes because it separates government from money there's nothing no government can touch bitcoin they're completely divided and divorced and predicted if you gave people hard money like declining to transact without the interference of government they would be an
economic global bloom a renaissance and he was absolutely correct well indeed max because if you look at what this morgan stanley strategist says unless he in particular identifies this distrust of money printer coper of the governments just again as max and i here in christ report have been right for a decade now whereas the cable news got it wrong over and over remember all they did was ever report what the government at that time was saying like now where they used to be a narrative that it was really bad and was just drug runners on and bag guys using at that was back in 20131415 like we always i down to fight what was what was the future for this whole monetary system and now morgan stanley's agreeing charmer explain that one reason for the growth and it is growing distrust and feel out currency is thanks to massive money printing by central banks it's been caused by.
money printing by central banks something caused by because a stop being caused by us is not being caused by people who point out this issue that is arising that can tell you naira facts causing unrest causing distrust causing anger at the injustice of some people getting free money from the fed or the treasury and most others not so it's it's morgan stanley points out as we've been saying it's not os pointing it out it's the fact that the fed and the money printing going on is the what is that's the issue at heart here that's why we've destroyed our set of times with max blowing that money gone all over the place oh look it says right there in the genesis block of january 3rd 2009. chances are on brink of 2nd bailout for banks that should have been the hint that this was here to to to put an end to the central banks and now here we are in 2021 and now morgan stanley is quoting essentially the genesis block of bitcoin and then you know
a lot of the mainstream media quote all these naysayers have big coin who are gold bugs themselves and here's what morgan stanley says again baccy exactly what kaiser report has told you for years another reason is generational as young people view cryptocurrency as an improvement over metal coins he continued quote the worst knock on crypto currency as a store of value is its volatility that's nassim taleb recently said that unflinching demand from millennial has helped lower the volatility of bitcoin even during the pandemic. right i mean the question is do you accept money where the volatility is ciro but the loss of purchasing power is guaranteed or would you prefer bitcoin where there is volatility but the gain in purchasing
power is guaranteed those are your 2 options i might add like we had a personal situation with the volatility of the u.s. dollar in that when we made a film for al-jazeera english back in 2005 i think it was or 6 right when they started their launch week we made a film called the death of the dollar and we were paid in dollars our budget was well between the one month of signing it and the 6 weeks later of delivering and then getting paid the dollar crash by 20 percent so we lost money because our expenses were all in euro's and pounds and we were like well that was a dumb move to make a film called death of the dollar and get paid and. yeah it's ironic we learned our lesson for sure when you watch that film in great detail trying to figure out how do we end up on the short end of that what was up with us. so also again continuing with the millennial zoo where i don't to fight as they would be happy to accept it quaint as a store of value much better than gold but he says the strategist added that this
age group believes the open source software behind makes it more transparent transferable and trustworthy than paper printed by governments he emphasized that this crypto confidence may reach even deeper and emerging markets where distrust and centralized authorities run high governments have been slow to recognize this evolution is also starting to make progress on its ambition to replace the dollar as a medium of exchange this also highlights a paradox that i have trouble figuring out and that is that those who are anti because i and many times identifies a libertarian with morgan stanley as saying you're quite clearly is that because he is a libertarian his dream a nose effectively saying that you are getting your defunding the government in effect and that would be an appealing pitch to somebody who calls themselves
a libertarian but for some reason these so-called libertarians they seem to really side with what are called statists and they take a position against because so they're confused both monetary they don't seem to understand what money is and they're confused politically they don't understand what side of the political aisle they stand on and i guess the most due to some obvious examples of the out ok the underlying issue here is money printing money printing go political money printing chance farm practice 2nd bailout from banks who owns the most gold in the world other than the women of india it's the central banks so here you are you know these gold bugs jumped on the whole crash of the financial systems by our bags by some gold from us by some gold from me peter schiff. the underlying flaw is that the governments and central banks all own most of it so here they're identifying the kids see that governments can not control it they don't own it you know some governments own bits of it right but they do they can't control it as they point out also it's transparent transferrable and trusts
where they transferrable try transferring a power gold right we can transact in confiscated all unsensible money when nobody can stop us because we're protected by this encrypted shield called the protocol that's impenetrable and nobody can stop us and no governments have to flap their gums a lot and suggested oh we're against it but none of them can stop it and i think the eventually one of these governments according to game theory is going to say you know what enough is enough we're going to start putting it on our balance sheet here in whatever country that might be and then every other country will do exactly the same thing and the price of course will go $5600000.00 a $1000000.00 a because i and max are stacey will be once again 100 percent right it's like arguing standing in front of the mona lisa and arguing this painting is horrible why are you people coming to see this white flocking to see it it's like it's stood the test of a 1000 years it's like 700 years being the best painting ever like everybody wants
to see it it's mesmerizing nobody can maybe explain it but it's mesmerizing so that's the thing about bitcoin it is this the best money because all value is subjective and and then new generation sees it as the best money so it's it is sort of the biggest generation ever they see it as money therefore it is money oh and by the way it is on confiscated and sounds horrible no government can stop it wow ok then i guess it's going a lot higher because it has to replace gold it has to replace the u.s. dollar the total addressable market for bitcoin is $300.00 trillion dollars it's now at one trillion it's got a $300.00 x. path to go from here own it or. and you know thank you have fun staying poor all right we're going to take a break when we come back much more dog go away.
in the 1920 s. and thirty's several 100 african-americans moved to the soviet union and many of their descendants still live in russia. looking at the risk of knowing no rush but us though up most of us it. was one thing. back home black americans suffered from racism and a complete lack of prospects. is that lump us mud the real. one by else a store. so they decided to leave everything behind and start a new life in a country about which they knew almost nothing at all some of the african americans who were to early during the 90s found great crowds. to moulay a golf you go on to call. you and now almost
their own interests what you see in this these techniques is the state divide. the methods to him to essentially destroy the personality of an individual. by scientific meaning this is how one doctor's theories were allegedly used in psychological warfare against prisoners deemed a danger to the state that was the foundation for the method of psychological interrogation psychological portrait. disseminated within the u.s. intelligence community and worldwide among our allies for the next 30 years and the victims say they still live with the consequences today. welcome back to the kaiser report i'm max kaiser time now to return to our conversation with entrepreneur and businessman dan collins dan welcome back.
already stands rockefeller multibillion dollar hedge fund manager hasn't had a down year since 1981 he's now very very short a dollar and he's very long asia including china you know it's that the u.s. is still locked down and expanded money supply 25 percent annually while china hasn't had to do this what's your analysis of the pandemic and post pandemic situation then. well u.s. dollar we're we're clearly getting toward just a new sterling crisis and you know people remember the sterling crisis of the seventy's the seventy's the british pound probably lost 75 percent of its value by just started getting cut industries closed people lost faith in the pound and everything went to the dollar we're kind of in that transition phase now the doubt the printing of the dollar you're seen it's mathematical we're reaching the end game here 10 trillion last year another 10 change going to happen this year the printing can't stop if the printing stops the whole house of cards collapses so
there is no there is no roadmap outside for the united states economy the way it's built today other than money printing so i think what he's getting at there is you know we're in our money printing is based off a unreal economy our manufacturers are many factions gone our infrastructure is crumbled you know our economy is not is bill basically in a house of cards and all this money printing is going to. cause a transition to china and the r. and b. i think right now there's a headline to consider china and swifter partnering to take a digital currency global we are heading to a post dollar settlement layer world at sam's dan how his house is going to impact a. choice you know max we has one of our exorbitant privileges to $20.00 and get goods for it we get saudi oil we get chinese manufactured goods that privilege is ending we've used that we've weaponized the swiss system china knows
us russia knows us the rest of the world us even the europeans aren't happy about it and we're going to lose that privilege we just keep printing money and getting bids for they've been working for years in office to go around the system what was just announced as you mention the swiftest partnering with china on the digital yen china as we've talked before it's 50 x. the number of mobile payments i mean if you take cash in china. and try to give it to somebody at the cash register they're going to look at you like crazy we don't have cash change to give you so there everything's been mobile payments now china's taking the next leap forward they're doing the digital yeah it's already been launching for 5 cities a.t.m. you're on the city's people are getting drops of block change based digital you name it so they're thinking test it out the big corporate china is right behind it g d ali baba's everyone's accepting digital un now this is going to be chain is digital currency and if you want to free ecosystem it's going to be the big queen ecosystem
in dollar we have yet to really move fast enough on the digital dollars so the whole point of this and he's blocking type currencies is the lower chains actually get to block city and money moving and over here in the u.s. we're still writing checks and that's where the good queen of the system is moved in to try to create a digital currency system and i think what we're going to see going forward is that digital un is going to leap up internationally to bitcoin and the us dollar will have to be on a bit quaint system and we'll see if a digital dollar gets done at this point we're not going to get anything done so i don't see it happening but yeah that's what's what's going on with the digital yen right amounts of an instant point their central bank that's all currencies are in vogue all over the world china's coming out what there's but you do mention that he believes that's going to migrate to pick point ecosystem because it would be the bass player be they that they collateral layer a few well because of its incredibly secure our nature and
the fact that it's becoming kind of a global standard so that's an interesting point i mean. they of course china is also very close strategically west iran and russia do you see that spreading into the into those areas by the way really i mean and you see that spreading into those areas and at the same time can you give an update on the belt and road initiative. sure absolutely that we're when we come into a world with 2 geopolitical blocks it's basically us in western europe and then again maybe south america against everyone else and we china russia iran turkey basically a complete eurasian block and geopolitically we're coming up against that china is already you know moving 5 g. electrical grids that also africa is going to be in that core the digital yen is designed to go around the u.s. dollar system i mean change it start sending digital yen to that central bank in
nigeria central bank will cleanse and wherever and so that's going to combine with the one belt one road so one built one road is all about building up ports intellectual grades and roads and building up the economies of mostly the you know these countries that have been left behind economically where some simple infrastructure development greatly improves their economy you know it's shrinking travel times and getting market goods to market things like that but absolutely i think eventually we're going to see everyone have a digital currency it's going to have to combine internationally somewhere and it's not going to be yes the are always good for us i.m.f. it will be a bit coin layers but the interesting thing of bt you're not going to new bitcoins you're only counting the new digital currency so they'll have good records but they'll continue to print that they'll continue to expand that supply base so you're going to have a big point ecosystem and you have national digital currency ecosystems right well let's talk about some other high level skullduggery we can't man stand any kind of
democratic connection to any chinese scandals of course because this could show goes on you tube and he attempts very sensitive about that and they're very protective of those folks but we can slam republican south talk about the mitch mcconnell chinese elite scandal down yet mitch mcconnell and his his wife is a their father owns a very large shipping company that. is china based they're very integrated with the topsy. leadership they've got hundreds of millions of dollars in contracts were sitting on the board of director of the bank a chain and so they were given a deep connections in very high places within those families right so there is a bit of a kerfuffle out there students are being deported chinese students and because our supply of paranoia now between the 2 countries so is this over blown overreaction was there a naivete involved break it down is america got
a chinese student spy problem down. well i think it's a it's a bad policy in general so we have you know hundreds of thousands in china and we did requoted have 100000 of the chinese students here in united states all pain international fees which are you know 2 times 3 times more than americans pay. and you know as you said 99.9 percent of the years there's not issues there and we have cultural soft power when they come over here and they love it they look a lot and learn to love us they become culturally close to us we understand each other and it's not just them coming here and we go over there my 1st time in china i was an exchange student at ching y. university which is like the mit of champs so this kind of cross cultural exchange is a good thing with that being said we are a little bit naive and sometimes if we let chinese students in a very sensitive areas where the they were there probably shouldn't be so you know
there's reasons to be careful of that but at the you can't throw the baby with the bathwater here and be completely isolated from from janet that this doesn't make sense to what degree do you think that that is sad and sowing konami pans alarmed away from the u.s. toward china well it's yeah i mean it's hard to say i mean there's nothing that china doesn't know basically i mean there are so many people in so many sensitive positions if you go you know most of the ph d.'s we graduate are from china or india so we stop producing a lot of p.g. candidates and things like mathematics and physics you know we basically import students for those programs so they're everywhere in high sensitive areas and i think only the last year or so that. us f.b.i. place like this are shown a look at this chain has a confucius institutes that were set up at most campuses in the united states united states is putting in action against those interest she quietly issued a u.s.
law at the deal it's only for array may not on see many russians stand and stare but now catherine on the story so the u.s. dollar turns 50 in august doesn't live all the way to that safety if anniversary what are what are china's plans post dollars. post dollar i think you know it's a free check right now the united states is a free rider on the global trade system right we print stuff and we get stuff for free let's by putting our money that's going to end we will go through a sterling craziness like britain in the seventy's the dollar will be around the question is will be the value you know we could if you look at our export profile you know if you look at our economic profile if you locate our industrial capacity we are in for a very large drop in living standards probably to the tune of 50 to 75 percent and you're seeing that already seen the tent cities pop up everywhere it's happening in slow motion as long as the money printing keeps going exponential it slows that
collapse down but. then she catches up to us right our living standards for a while or a set of because although the jobs are being exported to china the price of stuff is dropping faster than the wages were dropping some people are able to afford high screen t.v.'s and clothes cheap clothes and so the living standards were not noticeably collapsing but now to to the ravages of what we must now call inflation there's inflation in the system commodities are entering into a secular bull market prices are starting to actually go up in a meaningful way so now the pendulum swings the other way so that drop in living standards suddenly becomes notice a ball and you're seeing that really all over the us them. absolutely labor rates in china this year up 25 percent a lot of that is due to cold. but we're about to see the pendulum swing absolutely where instead of 20 years of exploiting cheaper and cheaper products here we're
going to get 10 or 20 years of more and more expensive products and it's going to hit everybody in the living standards i see it every week everything's going up 5 percent a month copulate 8 year high you know whether it's stretched you'll pay going in take a chemical to finish good everyone's. price increase when you cross the border and we're going to have it's almost a. bottleneck inflation table the county everybody's going to europe for and get ready to survive right so the summit conductors are just the canary in the coal coal mine the main that's going to impact everything across the board are going to say supply gaps and price increases and florida though it seems like a bright spot in the in the nation at least are attracting some brilliant people like yourself and maybe they can lead this country back to greatness dan collins thanks for being on the kaiser report. next all right that's going to do it for this edition of kaiser report with me max kaiser and stacey herbert want to thank
were more politicized than ever or more polarized than ever the 21st century when speed is measured in megabytes per 2nd. electronic mail electronic money electronic media infinite possibilities for extreme. jing information i mean me and my music going sure why it's freedom of speech and social media bends censorship and double standards who should judge what can be said online. but i want to. come down to the internet audience now totals almost 4500000000 more most all of them are active social network users put one wrong move on their pages deleted digital annihilation don't exist anymore. it's god who runs the show on the web how can anyone stand up to the tech giants if he from the heads of state face the threat of being banned
is there any limits to all that virtual power. does for a nudist but i was a reasonable way. and headlines this saturday on ati international splits begin to emerge in europe over america's role in the bloc security as not everyone is convinced with president joe biden for mantra that america is back. soon it's time for us to take much more of the burden of all on protection if we are too much dependent on the us we see a need. we can put ourselves into a situation to be no more protected at our borders. russia becomes the 1st country to approve a 3 homegrown coronavirus back 3 weeks after cody back green leds. and there's no sign of protests dying down in for pain as the country sees its 4th