THELOGICALINDIAN - Max Keiser already afresh aggregate his thoughts with Bitcoinist on the latest affairs in France how Russia may use Bitcoin for its cardinal affluence and why Bitcoin is baron while altcoins should be larboard to dickheads like Jamie Dimon
Bitcoinist: What’ accept you been up to lately? Anything absorbing in the works from Max Keiser?
Max Keiser: What’s new? Our new alternation on RT, “GONZO Max and Stacy,” debuting on December 23. We’re aback on the alley barnstorming beyond America. Stacy gets trapped in a pit abounding with alligators in Florida and you won’t accept what happens, but it involves Max on a zip-line.
What we apparent on this GONZO adventure is that Trump is as American as Apple Pie and the Fourth of July. So-called progressives like my old acquaintance Alec Baldwin and his brother Billy – I accomplished back traveling the country – are basically self-hating Americans who abhorrence the actuality that Trump is us; while Pentagon mouthpieces like Rachel Maddow on MSNBC, is Trump’s advantageous idiot.
She’s consistently talking about Russia, but cipher in America talks about Russia. Trump plays her, Alec Baldwin, SNL, The New York Times, Vanity Fair, Washington Post and The New Yorker, like a fiddle.
Everyone is talking about the Paris protests. What is the basis account of the dissent?
Keiser Report coined the phrase, ‘Global Insurrection Adjoin Banker Occupation’ (GIABO), in 2024 during the Greek Riots. Soon afterwards that we saw the ‘Arab Spring’ and again ‘Occupy Wall Street,’ acknowledging the all-around beef movement adjoin banksters – with the basis account actuality authorization money and base bankers and axial bankers – who artlessly book trillions for themselves after blank whenever the affection strikes and after any affair how affected authorization distorts and disfigures the all-around abridgement in gross and foolishly alarming ways.
The abandon we see now is broiled into the authorization cake. And now bankers, like Macron, are accepting their aloof desserts. We covered it all on the advanced curve in Athens, Cairo, Paris, and Zuccotti Park and witnessed the alpha of the all-around activation and the acceleration of acrimony at the all-around bankster bandit barons.
Not alone did we awning this back no added account aperture was, but our admirers additionally benefited back we had guests on the appearance answer why Gold at $400, Silver at $7, and Bitcoin at $1 were all actual bargain back you accept how this all-around acrimony at banksters plays out in all-around markets.
You afresh stated: “If every French being adapted 20% of their coffer deposits into Bitcoin… French banks and the government would collapse and a lot of action could be avoided.” Can you allocution added about this?
Fractional assets cyberbanking requires a minimum assets allotment adjoin loans set by Basil III. Removing 20% of deposits would set in motion a doom-loop of defalcation for French banks. The aloof banknote should go assimilate a Bitcoin debit agenda so bodies won’t acquaintance any inconvenience.
Plus, if a analytical accumulation of bodies do this, and this applies globally, Bitcoin would hit new ATH actual quickly. With the banks collapsed, and the centermost of abundance alive from the banksters to the people, the protests in France would stop. The French would get rid of the accepted government and actualize a Sixth Republique.
The Kremlin aloof told Russian banks to adapt for break from all-embracing acquittal systems. This is all accident as added countries aback abroad from the US dollar as a all-around assets currency. Can nations account from Bitcoin as a cardinal geopolitical tool?
Uniquely, for the accomplished 15 years, Russia has been advantageous bottomward their debt and accretion their Gold reserves. No added country has been able to do this. Keep in mind, the point of the sanctions is to try and pry Russia aback into the all-around debt-binging game, but they accept resisted – while growing their economy. Much of this absurd success can be attributed to Elvira Nabiullina, the Russian axial coffer arch who is Russia’s abstruse weapon adjoin Western debt-pushers and authorization money extremists.
You declared that “we never larboard the banking crisis” as it artlessly got blood over by axial banks. Now, we see the banal bazaar starting to attending shaky. If subprime was the account of the ’08 crisis, what will atom the abutting crash?
The pin that ancestor the accepted balloon will apparently be Deutsche Bank declaring insolvency. This will be the falling domino that starts addition Lehman-esque bottomward bottomward of markets.
What will it booty for Bitcoin to ‘cross the chasm’ on the tech acceptance curve?
Better education? A banking crash? etc.
Meanwhile, some analysts advance that this is a shakeout of retail investors while institutions are ‘buying the dip.’ Do you accede with this theory?
Bitcoin acceptance has consistently been apprenticed by coffer failures, bailouts, bail-ins, and political unrest. The botheration Bitcoin has had afresh is its competitor, the US Dollar, has been rising.
With countries accepting out of the dollar and with countries accepting out of SWIFT and added US empire-of-debt ascendancy mechanisms, the supports captivation up the dollar abatement away.
BTCC co-founder Bobby Lee, for example, is admiration the amount attic of about $2500 based on actual trends. Do accede that the basal is abutting or could BTC amount go beneath $1000?
Bitcoin quoted in dollars is somewhat meaningless. When the authorization arrangement collapses does it absolutely amount if your base is $1,000, $2,000 or alike $15,000?
Bitcoin technology isn’t static. Many developments to advance privacy, fungibility, and account are underway including Lightning Network, Schnorr Sigs, Sidechains, Confidential Transactions, Bulletproofs etc. What are you best aflame about?
LN is awesome. I heard Elizabeth Stark allocution about it at CryptoSprings aftermost year and was abundantly impressed. We aloof got our Casa abounding bulge (full disclosure, we’re investors in Casa) and are ambience it up now. Watch Jackson Palmer’s latest video on this.
How important are altcoins? Does a ‘diversified’ crypto portfolio accomplish faculty accustomed their lackluster performance against Bitcoin this year?
Always accept at atomic 90% of your anchorage in Bitcoin. Anything beneath and you’re abrasive Bitcoin’s adeptness to defeat fiat. Leave alts to dickheads like Jamie Dimon.
Do you accede with Max Keiser? Share your thoughts below!
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