Keiser Report: Can Bitcoin Save Greece?

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In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the impossible demand from the Greek voters that both austerity ends and that they remain in the euro as currently arranged. They also look at a parallel ‘future-tax’ crypto currency as a possible answer to Greece’s problems. In the second half, Max interviews Liam Halligan, editor-at-large at BNE.eu and columnist at the Telegraph, about the latest on the unpayable debt crisis in Greece. Liam suggests a Grexit will happen but that Greece won’t be the first European nation to leave the euro.

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20 COMMENTS

  1. If you haven't quite yet comprehended the upside potential growth and power of Bitcoin technology then watch this video.

    The 'innards' of Bitcoin cryptocurrency employ something called Blockchain technology.

    What gives Bitcoin its commodity-like fungibility and inherent 'store of vallue' properties is the immutable and unique fingerprinting capability of its Blockchain general ledger software.

    Bitcoin exists in a decentralized Peer-to-Peer (P2P) network by design so no attack on a central server can bring down the entire network.  

    This global P2P network is stable and not prone to the frailties of central server storage's `single point of failure` risk.

    Thus Greece may very well opt to not mint their own silver coin currency, which might require months to implement, in favor of creating their own Bitcoin knock-off, called Future-Tax Coin.

    The chosen name is not a done deal but implies that Greece, if they receive a 'thumbs-up' referendum vote, will take assets not part of EU obligations, escrow them on the FTCoin's blockchain as asset backing to the cryptocurrency based on the assumption that future tax revenue will be used to directly pay holder's of FTCoin who wish to cash out at a later date.

    This would result in an overnight turnaround of Greece's current financial standing and, as such, is now on the table for immediate consideration this upcoming week.  This is good news for Greece and to me represents a 'no-brainer'.  — Dietrich

  2. (Me: The technology which provides immutable transactions and a general ledger for Bitcoin is called Blockchain)

    Turns out after all that this is not a crisis but an opportunity for Greece to right themselves using Bitcoin's blockchain to mint their own Future-Tax (FT) FTCoin to secure in a blockchain ledger to Greece assets placed in escrow as collateral for the FT cryptocurrency which can be deployed in 2 weeks as opposed to an alternate currency using traditional silver coin minting methods which might take months to implement.  This is a no-brainer as far as I am concerned.

  3. Turns out after all that this is not a crisis but an opportunity for Greece to right themselves using Bitcoin's blockchain to mint their own Future-Tax (FT) FTCoin to secure in a blockchain ledger to Greece assets placed in escrow as collateral for the FT cryptocurrency which can be deployed in 2 weeks as opposed to an alternate currency using traditional silver coin minting methods which might take months to implement.  This is a no-brainer as far as I am concerned.

    cc: +Gregory Mannarino 

  4. Like the comparison with Prometheus- The Light Bringer. And Greece's idea- brill- reminds me of what Colorado is doing in a way- lower debt and give money to the people- hitherto increasing the spending and circulation of capital. Win-win.

  5. Wow Stacey is getting smarter than Max :p   I think there is an issue though with gaining the trust and educating the public in what Bitcoin is all about…  there isn't a good quick comprehensive "training program" on how Bitcoin works for the "average person"  … not sure the tally stick metaphor covered it… other than the idea of key system…  and Germany kowtows to their US, Britain Vatican (Secret Society Cronies Club Candidates)   And Greece has the "potential" to the richest country in Europe…  but you are talking about a shift in consciousness… to people who are just trying to find how to put food on their table…   desperate people… 

  6. OPEX shall steal-buy Greece islands and add IT to GCC islands for all israelee arab Xsoldmen. Example Jamal mubarak can hide his money in UK islands then hide himself in GCC sharincc island Mafia states like Dubai,Abudhabi,bobyan,Rodus,qobrus,saqlia,canary and so ON

  7. While Greece adoption is something to hope for (as a bitcoin holder I'm sacrificing goats to the Greek gods as we speak in the hope that this will come to pass) they will never do it because 1. that would be too easy, governments always need to find the path of most resistance and 2. they cannot control bitcoin. No government (and certainly not a far left government like Syriza) is ever going to adopt a currency that they cannot control and manipulate. That's part of Greece's problem right now (as they see it) the Euro acts as a sort of de facto gold standard they cannot print more of them only the ECB can do that. They won't adopt a currency that will not allow them to just inflate their debts away.

  8. Greece should never of had to do austerity measures , why to get the banks out of their criminal dealings. For fuck sake turn around and string the fucking criminal bankers up. The damage they have done to the people on this earth is nothing short of trying to enslave human kind for fuck sake either shoot the traitors confiscate their wealth all of it and stop poverty.

  9. Max Keiser: A pseudo-economist, Keiser is the host of PRESSTV’s On The Edge,which focuses on world financial matters; particularly addressing topics such as America and Israel’s shared responsibility for all the world’s financial problems. Keiser is an unapologetic 9/11 Truther. Mr. Keiser has argued that there is a“Financial Holocaust” being committed by Tel Aviv, a genocide he believes is being carried out under the direction of the Zionist Rothschild family, which control’s the world’s currency.

  10. The bitcoin skeptics still don't realize that everyone begins as a skeptic. Once you see bitcoin in action, and all it's empowering and cheap solutions for poor and rich around the world, you will understand why it looks a bit like a religious cult.

  11. i couldn't agree more with all speakers….. i am so angry with my new government since i hoped they were lying on their promise to stay in the euro, now i see they were lying on everything else

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