Billionaires was thirty eight chinese billionaires on the Bloomberg Index added one hundred seventy seven billion dollars and twenty seven thousand to sixty five percent again that was the biggest of the forty Nine Countries represented a lot of it to do with the likes of tents and ali baba and all these sort of Tech Companies you saw the same in the United States its jeff bezos and Mark Zuckerberg were the two biggest adders and dinners in terms of their wealth i think jeff bezos is now over her hundred billion dollars and that wealth the biggest loser on the list was prince i will lead to bin tell all hes not a tech investor that has done very well in the past year and in fact no deal saudi oil well leads freedom denied after negotiations fail and this is quite a bizarre story because hes one of the biggest tech investors in many u. S. Tech companies. Silence no no the people of twitter are outraged you know theyre often outraged about a lot of things the beltway media sources are very outraged about iran for example they very much love the people of iran suddenly and they care about them so much they dont care if its guy ok even though hes a buffoon or whatever and you know all the things bad that you can say about him and sat one of the saudi princes the fact is he has allegedly been tortured and theyre trying to get. Six billion dollars from him which he is apparently willing to do according to the articles we dont know how much of it is true but he is willing to give him six billion dollars but he wants to actually still be at least the figurehead of of his Company Kingdom holdings that well you know heres a guy whos being threatened with torture being tortured threatened with beheading over there in riyadh at the luxury hotel. And you know. You get towels nice scented soap and a threat of a beheading they will check into the ritz and then you know its a special kind of hotel over there five star six star no stars youre dead but you know heres a story that doesnt get coverage in the u. S. Because after all saudi arabia is the princess kingdom of the kind and beautiful of ever benevolent meritocratic saudis who bestowed their kindness upon milk and honey on the world not to be confused with the iranians who have never been violently involved in the altercation in decades and weve overthrown by americans in the fiftys but you know theyre the bad folks the saudis are good theyre benevolent they behead people wouldnt what the purpose they do it in a way thats cruelty free would approve of the way the saudis are going to be had well you know the thing is that the thing that is so surreal about it is that twenty seventeen was definitely the year of fake news and what Mainstream Media determined was fake news and yet you see headlines on the likes of newsweek or Washington Post or New York Times especially the New York Times talking about this reformist Prince Mohammed bin solomon and that hes like this were great reformist hes quite handsome so he must be a reformist he looks great hes a reformist and yeah ok so you have to torture a few people to get their billions and a lot of the billionaires have transferred their holdings to mohamed bin solomon in the name of reform and this is supposed to be in. Name of reform in the name reform they keep on calling reformist and yet dont even mention the fact that like when he bought this division chief for four hundred fifty Million Dollars or he bought. You know mansion in the south of france for Something Like three hundred Million Dollars. Almost as soon as these guys transferred money to him he bought these mansions in the south of france of power corrupts and absolute power corrupts absolutely and fell of the mention over their heads up saudi arabia these days is as corrupt as the day is long and hes just stealing money from folks and with us right to be heading but america is like thats reform meanwhile ok over in iran there actually are in the process of reform but that somehow evil and oh oh oh yeah and oh russia is bad were not sure why there is a hoax going around the Rachel Maddow just over but that can happen any longer so days we love them also in this new year whats to look forward to is a wheel a state. Not a real estate boom well its partly its actually tied to the real estate and away so in california which is the most one of the most liberal i would say most democrat that you could think of and all progressive and right thinking like where where. Follow us like where the resistance were so smart and we have all the smartest people here in Silicon Valley and jeff bezos and Mark Zuckerberg feel well maybe not jeff bezos but certainly Mark Zuckerberg talks about how he cares about all the people and stuff like that well did you know that california is also has the highest rate of poverty in cross the whole us if you add in the cost of living to what the incomes are you know many measures will say oh its like mississippi or alabama those are the poorest people because the average income is like fifteen thousand dollars but then the costs there of a trailer is like twenty bucks a month sort of thing in california however real estate prices and rent prices have been soaring soaring soaring and its complicated a lot to do with regulation so. Theres a wheel estate because people are moving into their cars. Upper middle class people actually a lot of people they say who work in Silicon Valley are living in r. V. s are cars and now theres a. Sort of a sort of new market like all these commercial space their parking lots are empty overnight theyre now starting to like lease out this sort of space to people who park their cars have a safe space there was really this film the it was a classic from a few years back called they shoot horses dont think its about the depression and people that are dancers ons and dance themselves to death and the irony of the title is you know they shoot horses right i mean they should do people should be euthanized as just we shot because its just too miserable so theyre in San Francisco if you mention these guys who are Big Technology companies and platforms those used to be considered utilities its a utility we were under right as a society whether its electricity or water you know access to the internet but theres been privatized and taken over by kleptocrats and now were paying through the nose to give them a billions hundreds of billions of dollars meanwhile People Living in their cars and eating dog food and i think the title of the film is appropriate they shoot horses dont they just shoot these people because theyre urinating difficulty all over the place and we dont need all that mess in fact its close to that if the opening paragraph of this article of more californians living in cars well estate boom is coming the cost of housing is so outrageous in california that stories that might once have seemed preposterous now seem completely unsurprising case in point in a scene straight out of a dystopian movie about a ravaged future earth Homeless People set up an encampment at a toxic superfund Industrial Site and oxnard saying they had nowhere else to go yes theyre being driven out of places like skid row in Downtown Los Angeles or you know other more Populated Areas residential Populated Areas. Nimbys or you know middle class nobody wants Homeless People in their parks their local parks or whatever so that first they were driven into the river along the river and los angeles and now theyre being driven out from there to places like the superfund sites the Homeless People without even a car these are the people who dont even have the luxury of a car to sleep and the People Living in cardboard boxes so they set up camp on top of us a toxic waste dump seen images and video of People Living in some cities some mega cities and in the east the far east who are live on train tracks and a lot of people lose their limbs and their arms or their legs so this is whats happening in america now is just a Dystopian Nightmare thats cooked up by max kaiser no you preface this by saying its a Dystopian Nightmare im not the one bringing up the dystopian stuff you are on the Dystopian Nightmare but im going to be accused of being a dystopian you know goblin or something just because im commenting on the story that youre bringing up im not the dystopian dystopias tear im not dumb just commenting on the dystopian is im ok first of all second to only make this point yo. Russia has said that theyre opening up siberia to anybody who wants to move to siberia you get great farmland there its beautiful country theres bears theres elk theres Natural Resources theres fresh water just move to siberia forget america done certainly warmer there than here i was never just go as mark twain said hes never colder than a summer in San Francisco and i paraphrase of course speaking of Dystopian Nightmares here is a dystopian algorithm this is zillow you know which is. Out here a website here in america that tells you basically house prices will tell you what the net worth of a house is or was a low accurately predicted Homeless Count in seventeen of twenty five match ows based on how fast rents rose so low analysis published earlier this year examine the relationship between rising rents and homeless populations accurately predicted the recently released twenty seventeen point in time counts with a median absolute percent error of eight point three percent so the two areas they predicted accurately of how the increase of homelessness what rise was in Sacramento Los angeles based on the rising rents and how fast they were rising and in fact the opposite is true as well in houston rents declined by it was Something Like eight percent and homelessness also declined by the similar amount so theres a direct relationship but you can tune in to zillow and find out how bad the homeless situation are how likely you are to become homeless in the next year thank you fantastic idea to zillow if you want to track almost sort america in real time or theres just dont be a nightmare will bring us and how to make littles of money stay tuned for the second to hold for again more coming your way dont go away. All to see we have a great team we need to strengthen before the free float world cold and youre better than a legend to keep it so its at the back. In one thousand nine hundred two that must qualify for the european championships at the very last moment no one believed in us but we won and im hoping to bring some of that waving spirit to the r. C. C. Recently ive had a lot of practice so i can guarantee you that Peter Schmeichel will be on the best fall since my last will call on that story as we. Thousand zero zero zero zero zero russia. None of those left left left more or less ok stuff thats really good. In two thousand and sixteen the panama paper has shown the world with a tax haven the secrets to trailing and United States dollars pass through most. In the amount of time that we in the Panama Papers exposure thats what it shows a lot of money it really is. Journalism its an act of journalism looking at things that people want to keep secret and im asking why would they want to keep these things secret. Millions of most fonseca dont humans were examining. All the people we basically have tried to get an advantage out of the saudi. Newspaper. And probably other politicians which were tough other politicians the media would point to find targets such as the kings of morocco in saudi arabia the president of argentina several prime ministers. In russian president Vladimir Putin of course. Nikolai that had so i have sued so many newspapers for defamation some things dont just happen by chance it was very striking there were one american single specially a lot of people from the brics countries specially brazil russia and china their special project reveals what was missed in the media coverage. Of the panama chronicles. Welcome back to the kaiser report imax keyser time now to turn to entrepreneur pioneer innovator the Nelson Mandela of Bitcoin Charlie shroom and reilly welcome back its good to be here as usual fantastic to have you back on you know were just starting twenty eighteen but lets look back to the twenty seventeen period it was i guess what some might call that netscape moment in the history of bitcoin remember back in the dot com days in one nine hundred ninety six the internet exploded with the browser netscape went public there was that s. Curve the Adoption Rate the hockey stick moment is that a Fair Assessment of what happened in twenty six seventeen i was only seven years old in the moment that you just described but i read about it and i studied it but i think were not there yet i think cryptocurrency still has a long ways to go before we really hit that mass adoption right now a lot of people are just speculating and really not understanding it fully its utilities and its really value add propositions are not there yet but were definitely like in like the move upwards but were definitely not a hockey stick yeah were at the point where its a kind of turns up where its all we have a ways to go up all right lets review some of the highlights and get your take on it. Some of the some of the talking points if you well there was the emergence of the store of value versus medium of exchange debate and this is actually something thats new in the history of bitcoin because remember in the first few years starting i got involved twenty eleven it was always considered digital cash means of exchange this idea of a store of value was always in the back burner but in twenty seventeen it exploded on the scene and drove the price appreciation where do you were do you come down on this for any any cryptocurrency set to succeed it needs to be bold and needs to be a medium of exchange and needs to be a store of value. Basic economics will tell you that without one you cant have the other big coin is trying to to walk on that fine line where it remains a store of value and it also remains a Payment System and the only way to remain the store of value and Payment System is that by having an extremely secure chain a censorship resistant chain where no one no government no corporation can freeze anyones money can reverse anyones funds and you need to be super secure and because its still doing that yes the fees have gone higher but the price of big quinn has gone higher to. A lot of these other ones like be cash and ripple an accent or a theyre not really blocked chains because theyre not censorship resistant there are very few that are in control of it for example. There are a few people that are in control of be cash if you broke into his house and you stole all of his b. Cash he would figure out a way that few people would figure out a way to reverse the b. Cash chain and take all his money back its not actually censorship resistant its not actually a change where no one can reverse it no one can freeze it if they cant do that and theres no point of actually having a block chain i was joke whats the difference between b. Cash ripple and others and a Google Spreadsheet the same thing all right lets talk about be cash or pick on cash for a second of course this has to bring up the name of roger there and you know rogers a friend of ours you know i met you and roger for the first time in new york city i think was twenty thirteen or so he took some photos down in silicon alley in new york city and hes an investor in your your First Company and hes a pillar of the Community One might say hes a character hes hands which community were talking about but so what what what exactly happened there because first of all my take on it was that using bitcoin in this all calling is tenets of mont to. You know not not a copyright issue but a plagiarism. Issue and that seems like dirty pool yeah i guess i guess the way to look at like just starting with the name of it right be cash vs big cash i understand everyone has the right to name whatever they want whatever name they want but in essence what wont be cash did wasnt because cash was they took the name of a brand that they dont support anymore and then kind of counterfeit it and created their version of it or what some people would say is a knockoff ok so a lot of controversy about the in c. And b. C. You know they got into the crypto space just in twenty seventeen and they started reporting on bitcoin cash without taking any consideration whatsoever of these what would be you know minor little difference in business points that they are supposed to be aware of charlie so its like if i have an apple product and i think i want to you know copy all of apples products just change a little bit change the color or change you know the size of an i phone but every other part im going to copy exactly the same thing but i dont support output anymore im going start a whole new company im going to call it apple plus you cant do that because copyright laws forget about that for a second but thats lets lay in like you laugh at that the price is to be clear the big coin name is not covered under a copyright you know because its in the Public Domain or a source and there is no corporation behind it but as far as ethics go this seems like a clear violation of Business Ethics and from the community that is a spouse thing that they understand the vision of such oshie and that they have moral high ground here and yet its undermined by their actions in a very simple way and so yes or no bitcoin cash is less or more secure than bitcoin its extremely less secure its extremely secure there are very few people that control more than fifty percent of all they actually power and that is extremely extremely insecure its an attack on big oil in other words theyre stealing ashing power i want to stealing ashing power because anyone can choose which blocks what theyre hashing power on to one of the end of the day. But its not the game in other words you confuse the market and end up with National Power by illicit means. One could definitely make that case and is that going to be a problem Going Forward twenty eighteen i think. Be counts for us is big argument and debate is not going away any time soon all right lets change subject little bit here so the big Crypto Market is reaching into the sovereign state and youve got countries like israel coming out and saying hey were going to introduce crypto shackle they call it what i call the ok theres an obvious problems. And theres maybe some benefits to it whats your take on that kind of doing the same thing that be cashed it right like its not really a crypto currency if they control the database people forget the dollar was already Digital Currency before because it came out we have dollars in our Bank Accounts we have dollars you go online and i send a transfer for me to you thats a Digital Currency what is a crypto currency is Digital Currency thats backed by and controlled by cryptographic functions and mathematics a block chain one where one person or one entity cant control the ledger thats what he crypto currency is so the digital shekel digital dollars kind of dont be cash and theyre just all work crypto currency but theyre not really their business i think same issue again its not really a crypto currency yeah the point i think was made by me not so long ago that any state that comes up with a centralized version of a crypto coin is its an oxymoron because its going to be less secure because if a single point of failure exactly theres no point they can still print on demand that its an issue on demand its not transparent they can freeze they can reverse if thats the case whats the difference between the current digital system versus the one that they they just rebranding it its isnt its the same thing lets talk about scaling scaling but going scaling Going Forward twenty eight and a couple of things on the horizon Lighting Network is what were hearing a lot about even bloomberg is covering the Lightning Network and scaling issues of bitcoin so a couple of questions first of all is the scaling proceeding in a way that you feel is. Is organic and wholesome and makes sense and without political subterfuge or corporate subterfuge and second of all what do you see on the horizon as the next scaling benchmarks that will be achieved and needs to happen faster. Right now with scaling you go back to the to the big point cash vs big queen situation and when you make when you make blocks larger you reduce the security you would do when when blocks are larger. You cant have as many people running nodes and mining the coins so you have less people doing that and that the chain becomes like those the opposite of decentralization it goes into the centralization so anything going toward centralization it defies the ethos of and thats the trade off so how do you keep it centralized you keep blocks small and then you create multiple layers now you look for who would be the people that would be operating on the second layer is to start the people that are transacting on the change the most base pay and all the exchanges its like when you have a two lane highway but fifty percent of that highway is being taken out by a few different Trucking Companies so you say hey well create a secondary highway just for the Trucking Companies to use but the Trucking Companies are on purpose not using those highways because they want to maintain the congestion on the original layer. So you mentioned that you feel the scaling of big boy and its a misnomer to say its big coal and couper because then youre setting up a false dichotomy there is no such thing as grower versus non core a but there is only one bitcoin but that you felt that it was going along slowly what why is that and what could be done to improve that if anything Companies Need to implement faster for example block chained unemployment was faster we just said what is the introduction to Lightning Network when you implement the segregated when its technology youre setting yourself up for multiple layers so right now blocks in that info and one of the largest on chain transactor is on on decline right now theres no reason that all their wallets should not be implementing segway it would be very trivial and fairly a lot easier in fact they decided to implement the cash before they decide which one of my good friends who was there director up there in their company i want to mention his name recently came to me and said like how angry he was about that on purpose its its politics because right. As a big investor in boxing that info and hes probably i dont know for sure but it would seem like coincidently why are you implementing sec not why youre not implementing segway before be cashed in cyber its been around a lot longer and it would make their cost there theyre losing millions of dollars a week by not implementing segway theres a. You know partition in the space between companies that are b. C. Backed and those who are not those who are v. C. Backed by coin base pay i believe zappo also seem to be hewing toward this direction siding with coin base and operating unethically in many ways the debacle with their peak cash launch because of cash launch its just smacks of manipulation Insider Trading and a complete breakdown in ethics isnt v. C. Money thats forcing forcing change too rapidly as me i was sure that space im not sure about but ill say this markets are efficient when we allow them to be the market of the coin will will favor other companies over these centralized companies you see netscape you know. Netscape was the Biggest Company in the early dot com but theyre not around anymore so you can say the same thing about some of these companies that are not operating ethically right now so the market will decide and the market will favor the companies that are operating ethically and with integrity over the ones that are operating without one of the personalities to emerge a twenty seventeen john mcafee who got the bitcoin bug recently within the past year or eighteen months hes just got the money but in general much money ok fair enough and he brings this unique style to the space and hes the launch from for because hes launched something recently going to the day where hes out there talking about an all coin of the day. The and the predictable result is that you see these enormous spikes in price and so whats your take on this its very simple hes charging i dont know for a thousand percent guaranteed fact that hes charging twenty five because its up front and fifteen percent of all the tokens like in order to make a coin a coin of the day thats a very strong charge charlie everythings going or it could be an exclusive fair or no its not its not its out there its wasnt really gotten traction but people someone asked him that runs a coin someone asked him and then he responded back and then the him. Made a public made public the screenshot of it so hes saying its public and then this would be you know payola right which is illegal you know of course theres no legal illegal in crypto its no doubt regulation but we thought if i straighted with the the unethical with the with the business ethical issues im frustrated with the scammers all of that stuff all right shrug i got it off theyre actually right time maybe even do not want to thank you because reports theyre all right thats going to do it for this edition of the kaiser a part of me my stars are states you know like their guest Charlie Shrem joining catch us on twitter its kaiser report so next time ill. In the heart of the swiss alps this is a place probably more secretive than the pentagon more mysterious than the cia and better guarded than forty six customs place on the site is controlled by them and they impose the opening times. To prosecute these families all plus the procedures in place of the strictest in all europe must to pieces by artists like picasso and modigliani i cant unsold inside this warehouse thats where the report comes in it covers a deals which are naturally discreet commercially discreet but also discreet because they concern fraud. Some of those paintings are linked to dark secrets nobody knows how many of these secrets a kept inside the Geneva Freeport system youll never obtain an inventory of all the works in the freeport who knows how many there are three hundred three thousand three hundred thousand its a matter of confidentiality only is it the world like the art business. Unfortunately it appears that once people learn that youve reported in a Sexual Assault or may have been involved in an incident that they become scared of you instead of being scared of the perpetrator. The launch of a state of the og space to explore kids carrying a classified u. S. Government satellites these to speculation about whether it made it into space with none of the usual information released some. North and south korea hold high level talks for the first time in two years raising hopes of a possible diplomatic breakthrough in. Circles to avoid cards clothing giant eighteen that after one of exotic speech during a black child is accused of being racist lets put the issue up for debate. In the climb up of racial tension you know its going to have a connotation i dont think this time
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