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tv   Keiser Report  RT  June 4, 2021 11:30pm-12:01am EDT

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sion to spanish as to panic, felling to fomo going in the 1st thing to appreciate it is a big coins, been in a 12 year bull markets, incidents action and there's been lots of crashes and corrections and all sorts of things in between. but the longest trend is 12 year bull market. so once you appreciate that, but people join at different phases and the, every phase people always come in when they need to this with a fear that they bought the top. they were the last idiot the bought the top. everybody is getting out and that they bought it this enough fear really owns the person that hasn't really developed the diamond hands. yes. so really it's a game of both psychology and strategies. so i could share with you, well, the strategy we've adopted in order to get through all these bull marcus, but unless you get the psychology right, you just won't be able to implement. and the psychology is that when we're in the bull market, you know, you're, you're in between thinking and big point thinking is about understanding the supply
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and demand. dynamics of bitcoin. between thinking is, it's $21000000.00 as never going to be any more. it's a people can never are money, as people can spend their money. instead, everybody needs be going to come by this melting ice cube and come back inflation. and everything's good and the price is going up and you're seeing your health paper wealth increase. you thought planning this wealth, the fact you saw in feeling more intelligent and everybody that was telling you is a scam. it's upon these games is the current drug deal in past. lenny it is in can j. p. morgan needs the apple needs that microsoft needs. if i'm in the whole world and you're, you're on cloud 9, but once it hits into the back market and we get these corrections, you're in a reptilian field thinking comes out an m p a thinking it's all about taking on more data in order to drive more consumption in big point thinking, it's all about savings in order to drive a wealth of facts so that you can them become an invalid with your newly found
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wealth in fear, thinking, it's all about scarcity. it's about knowing that your money's going down in value, and then you saw the sinking in terms of converting your bitcoin to fit so that you can preserve the mental wealth and paper wealth. and you saw thinking that peter chef was right, the or the last idiot bought it. but the only way to combat that is to look back, take out the chart, understand that we're in a 12 year ball market and we get these corrections which are mainly crated by the 10 percent of insiders. that is trying to take the 90 percent, a traders that were in trying to just get in for a get rich quick scheme and take that beer coins so they can accumulate them backs . stacy and simon decks are altogether the 1st big coin conference in prague back in 2011. we've seen 15 of these kind of pull backs since then. and every single rally has a big name and every single draw down as a big name. they undergo what i call big point arrangement syndrome, that we had
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a big rally coming in on michael sailors purchase over there micro strategy. and now and the pull back. the peter chef has been replaced by a new high profile naysayer. and that would be in a seem to lab who also seems to be delving into big coined arrangement syndrome. i think you're the one who pointed out that as a big coin price goes higher, we attract the higher class of big coin deranged people. so clearly my theme is a higher class and peter ship is got more books out there is considered to be more of a serious person. but now he's gone crazy. he's fallen into the trap. what is it about some people that not only do they fear the pullback, but they actually go insane? like, and i seem to laugh, they're just gas dos. the fact that they may be know, have full conviction. they don't, they didn't believe that they could go up further. they don't fully believe in the supply demand economics until they've been for. and so they look to other people,
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they look to other experts, you know, when and somebody that's actually driving forward electricity talking about the inefficiency. a bit coin seems like a very credible argument. and a reason to actually think, well this time is different. big coins no longer in that 12 year bull market. it doesn't reach high a high is again, i'll stop by this time is different thinking i'm is really what's driving people. i'm not in a fear of everyone around them because we're doing the thing that was so impossible to achieve the thought of creating a financial system outside of the financial system. the thought of actually being able to craze something, the combat this unfixable financial system. you know, it brings in that in a fear that it was crazy all along and it was never going to happen. but because time and time again punishes the people that do that. as they end up giving the big
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coins to those with the diamond hands in the end. so you just saw that we have an unfixable monetary system at the moment and a banking system. let's address that. and also, when you're talking about this correction, bitcoin has often been compared to the internet, the early internet and tcp ip was always there, then w, w. w was built on top of that. people could use, netscape browsers, surf the web, and. 8 we had the dot com, 1.0, boom. then now we have dot com to point and it's, but if finally it took like 20 years, right? to get to the old all time high. like it, are we having the same sort of growth as the internet? and is this a new paradigm like the internet was in terms of all your models are broken, we can compare bitcoin in terms of just purely looking at the charles to something like amazon. if you want, i'm as it has 90 percent market corrections,
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but there was amazon the thought that nobody should a sold just like big coin is the financial hedge. that nobody should be selling unless you haven't done a few things. and one of those is many people, because big point is also a unit of account, a medium of exchange if it's chooses to be because you can spend it, people actually don't make that separation between spending money and savings. so when you're thinking about your spending money, you're thinking about what the can buy and so volatility is really bad when you're, you're good surprised in something your mortgage is priced and one thing, one currency. and you're trying to buy it with another car and see and you see that deplete away. so one of the 1st things to learn there is, is the separation. you wouldn't use your, you know, amazon stalk in order to make purchases, but would be going to can. so it's, it's the very unique cost cost in that sense. and so therefore you have to use slightly different strategies, but yeah, big coin being a protocol. and you know,
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a hedge against a monetary system that actually i talk about unfixable, but there is a solution to the existing financial system. and that's a flow removal from capitalism, socialism to communism and using send for buying the digital currency of the mechanism to roll over this overlap or it's re hypatia k. did you know ponzi scheme scams in order to try and keep the system alive a bit longer? but the solution means the removal of your, your privacy rights and freedoms, which also drives the use case a bit going because it just happens that an existing, the, the financial system that exists outside the financial system is all say the same system that gives you back some of those rights and takes away censorship of financial transactions, gives you the ability to and gives you a countered system to send for by digital currencies and fears that ever
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growing and supply you bring up the central bank digital currencies and you put it in the political context of a transition away from a free market capitalism, toward a more socialistic or communist type model, which of course would mean centralization and the powers that be, are panicking into a centralized banking system even more so using central bank digital currencies. i think you're one of the very 1st to talk about this and then you mentioned, and this is about happening, how the banks get bypassed and the digital currency from the central banks or be handed out directly in a form. we could call it. i a map or universal basic income, but essentially you're describing this not as the savior, but as a sensually slippery, i guess you could call the road to serfdom. yeah, as, as the book indicates, this is the road to serfdom,
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simon central bank to just currencies. the mechanism for fixing the financial system by taking out you know, with fractional reserve banking, which is as people learn their education about money they sought to eliza banks crave money and it's all bought by dad and approximately 97 percent of the money supply. as a digital currency, which is a digital representation of the cash and coins created by the government dollars or years or pounds and central bank digital currencies is a mechanism for removing bags from money creation. so at the moment when you take out a loan, a new digital currency, or new units of that digital currency is crated by some dollar digital dollar deposits in your bank account. and it's backed by dad. but because with that is so now over leveraged, the solution to that is a movement towards centralization, where you can let the buying go boss. but you just issue the digital currency
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directly from the central bank, and you allow financial technology companies and banks to build on top of the central bank digital currencies. while it is a de leveraging and it is a solution, it comes with the removal of free market. capitalism comes with the removal of all those things. that's a one, a currency that's in these ones that removed from governments being graded. and it moves us towards an algorithmic artificial intelligence lad complete the centralized central bank, digital currency that is used to enforce government agendas, fiscal agendas. if you know spending your money in the correct way, then they'll be, you know, algorithmic penalties on that. that will be automated. tax collection, it will be multiple governments that are all looking to get that piece of digital transactions, acquiring and multiple jurisdictions. it will be connecting your passport to your central bank digital currency. the gateway drug is free money,
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helicopter money universal basic income, the remove, replacing your deposits at the bank when a bank is going insolvent or boss. and you have to opt in to the removal of your rights to be connected to your passport. if you haven't got the right things, then this is where money is going. this is the ultimate goal. this is the warren cash. this is the removal of banks from money creation. this is the ultimate form of centralization and control through central bank digital currency. wow, that's a mouthful. hot heavy. we've got to take a break and cool down. we'll be right back with simon dixon from frank to the future on summer solutions with maxima, stacy, don't go away. the me with
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me. ah. ah, i use this is your media a reflection of reality the in a world transformed what will make you feel safer? tyson lation, whole community. you going the right way for you being that somewhere?
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which direction? what is truth is fake. in a world corrupted, you need to defend the join us in the depths or remain in the shallows. ah, what we've got to do is identify the threats that we have. it's crazy going from taishan. let it be an arms race is on often very dramatic development. only personally, i'm going to resist. i don't see how that strategy will be successful, very critical time time to sit down and talk the me welcome back to the cause
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a report. i'm as casual with stacy herbert were talking to simon dixon, the bank to the future. talking about how not to get shaken out of these pullback and bitcoin and 200000 coins were shaken out of some of the newbies and are in the pockets in the wallets of the long term holders. and as always happens at these inflection point. but simon, you talked about the psychology. let's talk about strategy. how should people approach this, you know, having been through all of these different markets, i've been through the $30.00 to $3.00 crash, the $1250.00 to $250.00 crash. the $20000.00 to $3000.00 crash, and now the 65230000 or wherever i go next, crash. i've noticed that you can normalize and try and if you can get the psychology right. as i said, you won't get the strategy right. if you haven't got the psychology right, because you'll just be shaken out and you'll listen to all the people that were telling you that you are an idiot all along for buying bitcoin. but there's ways
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you can normalize based returns, and one is just as simple dollar cost averaging when you're dollar cost averaging. if the market is always going up, then you are always buying a higher prices, which is good for your paper wealth, but it's bad strategy because then you should have just gone for a lump sum. so if you're a dollar cost averaging and you just simply buying every month, then my bad markets are a great thing. you want the market to go down, you want those corrections, and you want to be one of those people that's accumulating out of the people that haven't got the diamond hand, say, dollar cost averaging is one strategy. another strategy is long with high risk, high return investing. so the companies that make all the money during these bad market, all crypto exchanges. so the big coin exchanges. if you are a shareholder and big coin exchanges call and sell those based upon the whims because of the liquidity, you have to be a long term holder. but owning equity and exchanges means you can just not do all
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of the crazy thing that everybody does. because the exchanges make all the money, whatever's happening in crypto. whether it's the latest crazy trend in d fi or n f t 's or whatever it is, rather than you messing with all that stuff, leave it to the exchanges become a shareholder in the exchanges. and then you can just benefit when the market crashing, they make the most amount of money where markets the crashing markets are doing well. it's sideways markets where they do the so well. i'm the 3rd is taking a some of your big coin i'm getting yields, which you can get. it's not something that you should do with all your big coin because the ability to and you're a big coin as a fundamental principle. but one strategy i've used is having a bit, a stable coin loans because you can get above even the manipulated cpi interest rates that you get in the traditional fear world. so having a small percentage, putting it in stable coin lines and taken advantage of some of the yields that you can gap from people looking to buy those bit coins. and then you make all the money
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at the expense of all the traders, the 90 percent of people that are losing money to the 10 percent of insiders. so when you can normalize a bit more, it's really great when these bad markets. com. you get very excited about them and as long as you remember that you're in that 12 year bull market with corrections, calling over to give financial advice to pos doesn't equal the future. but these are some strategies that have helped me get through some of these, these, these rides and bad markets and crashes. you mentioned cpi, you mentioned strategies. what do you think the strategy is behind the biden administration, or any of these governments printing trillions of dollars is beyond just what the q e was from 2008 to 2021. we had quantitative easing for years. that was about, you know, printing credit, this is actual cast stimulus being created. air jobs into people's pocketbooks into
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their balance sheets at their bank. we see the c p numbers, even as you mentioned, the manipulated one soaring all over the world. like, what is the strategy here? what do you think? why, why is there 6 trillion dollar budget, the biggest since world war 2, despite stock markets at all time highs, despite us incomes at all time highs. like what is going on? yeah, these are debt cycles. you know, where i think you said we're celebrating 50 years of the dollar fee, a dollar, and these most viet currencies. i know the great british pound last about 300 years, but most of them on average are about 27 years with 50 years into the us dollar fear standard. and the really the level of globalization and dominance of dollars say, you know, approximately 70 percent of all reserves are held in dollars globally and 50 pic, human accounts for 50 percent of transactions. because gold and oil and so after
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crosses a price in dollars. biden is just trying to keep hold of and recycle more of what they do. and the way to do that, as we are elated to is you accept the free market. capitalism is no longer an american ideal was no longer port part of the dollar. it's about having a larger and larger government with more interference, issuing currencies direct from central banks or governments, merging of treasury and the federal reserve, and making sure that they keep hold of the us dollar. and it's important bias by giving up on the experiments of free market. i'm. so that's where i think it all goes now in this bowie quote, inflation comes along. what would they typically do? while they were put up interest rates, they would look for deflation. but we're now in the government, including the trump administration. the just will no longer accept that. so markets
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are no longer allowed to crash. real estate markets are not allowed to correct himself real estate's mobile out to be affordable. so the irony of the biden administration is the democratic principle of trying to create, you know, a more equitable call, you know, society through government, larger and larger governments if it is actually ending up driving a rich, poor, devoid where the rich get richer and the poor poor, you get pulled that more and more dependent upon that you get assets that in the lab to crash and therefore the rich people are, you know, getting wealthier and wealthier with those assets. but the trade also the wealthy need to make that is it is the removal of capitalism. it's a slow, gradual movement to a logic of and then a large and more centrally planned, more socialism and the poor that are completely dependent upon death, slavery demanding governments to do more demanding universe. so basic income. why?
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because they feel completely shafted by the system. they don't understand why they're on the wrong side of these. dat cycles. it feels just like a macro friend. it feels like that governments latin down. so they just want a larger and larger governments, so the people are demanding it. and that is where we're shifting to, and it's all the symptom of, you know, this, this fear base, that base monetary system. and the counterculture is an equity based system. the reward savers, which is bitcoin a fixed supply. people trying to actually drive genuine wealth of fat, being rewarded for saving. and it's all because if your money goes down in value, the longer you hold it, then you're not going to hold it very long and you're going to be driven to that coin as the counter culture. back in the sixty's, when we had a last major counterculture, people were burning their draft cars. and now people are burning for money as a rule in revolt, against what they see as an oppressive regime. you know,
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looking around the world, simon is a different story in different countries. so india, which is a country we were instrumental in bringing back coin to many years ago. they've been off again on again, looks like they're on again with big coin. china try to ban bitcoin, but it's impossible. nigeria is becoming hyper big quantization. ethiopia is becoming almost hyper big point is ation. bitcoin is global. where do you see from where you said some of the trends globally with big coin, you know, the whole india, china thing has been you know, back and forth, back and forth, back and forth. but really, it's just recycling the same news. say, you know, we saw that recently with the china bad was just essentially a reiteration. the i see i should be avoided. and that leads into, you know, certain officials from the government. i'm reiterating certain things. i've also
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been following the in the story for a very long time because the coin team were instrumental in getting the central bank in india to actually accept that they won the case against us. and for bank of in the other was trying to suppress it. but you know, these large populations of a, you know, 2 very important populations in terms of the global sphere i'm, there's been a back and forth all along, but it's just reef i think of the same knees. so the interesting thing is the punishment, the coin gifts of the countries of the d. this when china, you know, implementing exchange bad, they were trying to push the block chain. the gender is kind of like the banks when they were trying to may be coined go away. after laughing at it, they just tried to popularize the whole block chain, good coin,
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bad. i'm still today. i think it was just a now. so microsoft is just shut down their block chain division. they're no longer supporting the bank, author extracting a load of money in order to support their block chain good. be coined by the agenda . i'm the financial systems just adapting to be coin and they're crating big coin for the banks and also the stuff is gradually happening. so just like with the banks, it also punishes countries. so i envisage a game, a chicken where, you know, i've always been advising government to advocate some of their electricity towards mining bitcoin as an hedge. so that when the time is right, they can announce that they're also holding it as part of their reserve assets. so that they can benefit from the, the effect to that what actually happened. now it just so happens that many of the sanction countries are starting to look at those strategies right now because it really is just been a, you know, the countries that have the most need for it are the ones that are adopting at the
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fastest rates which are the ones that the suffering, you know, the bad guy, currency regimes and bad, you know, censorship and all sorts of stuff. but the central banks need to adopt a government's need to adopt it. and when you bought it, we've already seen all of the data, all of what they want ended up go into korea, ended up going to japan, ended up going to singapore. so it has this really effect of punishing the countries that don't adopt. and i think we're hitting such a regime, you know, where out of this health plan, they make many countries to con, join norman wall bank loans in order to fix their infrastructure. those loans were tied towards having to spend not money and health care infrastructure, dollar loans in foreign currencies, and having to re spend into america on vaccine and also as the staff. so these, these currencies are suffering and these countries are really suffering under the
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many of these well, bank loans. and so they need to hedge. they need to hold some big coin they need to do. what's right for individuals is right for government is right to send for bands and say, you know, this is something that they really need to consider the earlier they consider that the more likely they haul to be on the right side of one of the biggest shifts in financial history, that is unwinding right before our eyes. today from simon dixon, co founder c e, a bank to the future from his perch, surveying the globe, getting them bitcoin standard, implemented everywhere. and that's the solution, simon, thanks so much for being a kaiser report. okay, thanks. i have a me again. all right, now going to do for this edition has kaiser report with may max taiser and stacy herbert and our special summer solution. until next time, by all the me
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the i don't know, i mean there's some steps in there who are rescuing the food. it's not like we're not scavenging or we're rescuing resources that are still good. this is best by march 21st, which is in today's all these potatoes, paula pianos, onions, all of these came from waste brown sources. this is great for me because i'm always looking for a way to give things away. dr. because the tax laws, you know, definitely do benefit the wealthier people and our society. so that makes sense for them to throw it out right off, rather than give it to somebody who could use it. because then that person is not going to buy it.
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the we're segregated all along my social class. most people don't know someone in poverty by 1st name. if you're born in 2 of 4 family, you're born into a minority family. if you're born into a family that only has a single parent that really constrains your lives, chances people die or leverage. 15 years old, you born into generational poverty. it's a, it's a fight every day to meet your needs and the needs of your family. me. i met my last weekend and obviously wanted to know me and johnny douglas gave me
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the gotta go through when i got the the up in the kitchen table out them out. i gotta get my don't get a get. she will put it on the shoulder for meeting be really lucky vendors. the lamp, me up and everybody can bye bye bye now, bye. and then because you guys are a lot man. why or why not what i mean
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wretched. high level economic born and st. petersburg hits tom gear with president putin announcing the countries pushing ahead with infrastructure for vaccine tourism industry. there's consensus at the event that widespread vaccination is the only way to get the world economy back on its feet. austria as chancellor showing his support for supporting the v as part of the global rollout and no economy without energy. the north stream to gas pipeline returns through the headlines as russia announces a key section is now complete. and that the project should be finished out right, by the end of the year dodge international stay with the, with.

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