Like a im a ted right still has to pass their own ass here shit if theyre like we were so wrong about those big going thing we could have been more wrong. So also before i forget we said we mention that guy michael and josh. For saving to anything but we promised wed mention them a hi michael and child ever thanks for a great evening by the way those fun in cancun. By those guys are great over there you know sort of super they had a lot of inside dope on who is really should toshi it but nobody in the global audience watching this knows what were talking about there but we are going through this be any different but we guarding this ok so i saw surprise to Arizona House of representatives and what in particular the guy who sponsored this bill Arizona State republican representative jeff when and or who cosponsored a bill said the tax measure intends to turn the state into a center of blocked chain and Digital Currency technology in the future so that yes and no hole hole full. The price you pay for manning the barricades well this is obviously a great is and everyone who said theres a use case of a coin like you care projections are that theyre being proven wrong by state by state they will adopt these policies and all but pick up to the federal level especially as a prize goes to a hundred thousand per federal level we could just forget about its the states that matter in the United States and so the United States isnt it seen as United States yes you know its just a certain united theyre saying follow us punk you know thats what they said Jeff Sessions or whatever in a hollow follow what were doing and he this guy by the way this representative from arizona says that this is just the first of several bills that hes introducing or cosponsoring in arizona to make it a block chain friendly generally say of course you know all those senators and congressmen who are against gay marriage and they find him in some hotel room with a rent boy is Jeff Sessions by extrapolation a pothead well be discussing that in the second half dont go away much more coming your way. In america a College Degree requires a great deal. Paying a decades long debt. Studying so hard it requires drugs. Going through humiliation to enter an elite society. And parching to death sometimes quite literally. Want other true colors of universities in the us. Join me every first week on the alex salmond show and ill be speaking to get a feel of the world of politics sports business im show business ill see you then. Laughs just. Certain i want to do things or show everybody is going to be very clear like go away go to. Management. And they on they they when they have to then they have male the fat man you. Must get me you need yeah you feel theres any. Sun yeah and then what do you have a bit of a hamas of the body look local do you want to. Talk to somebody might if this was actually mccalman that would diminish you still want to talk more negative. Welcome back to the kaiser report imax keyser time now i have to turn to mark hughes is the founder and chief Investment Officer at mortgage create Capital Management mark welcome to the show thanks for having me all right were going to get to the big stuff in a minute absolutely put this in context so first of all how much do you guys manage over there roughly about a billion and a half ok so youve got to do Asset Allocation and look transitor trying to put money to work where its going to get the biggest rate of return youve got something it was demographics and Health Care Number two energy and Natural Resources number three growth of emerging market consumers for wealth transfer to developing markets just touch on the demographics in Health Care Market use go what do you see there Pretty Simple the west is getting old and the east is very young we think that theyll be too big trends one in the west where you need a lot of biotechnology and a lot of medical devices were spending more on looking Better Living longer and in the east where they have young populations they need Health Care Services pharma so shes a great opportunity for health care broadly energy and Natural Resources mark look energy is is ubiquitous we all need it we all are running out of different forms you get the alternative Energy Process or processes come and there are very interesting solar now in florida the fact that solar prices are you know dropping down like the same way we saw microchip prices drop down in the curve that they support a curve down of the arrow and how is that really having a big effect huge effect and you know it used to be grid parity was a pipe dream but now grid parity for solar power is real grid parity may sell or a lot of parity with the Current Energy grid getting close not as good as hydro or nuclear but its getting right there with you know natural gas the Buckminster Fuller said the earth gets a thousand times more energy than aids every day from the sun exactly so were just capturing that. Right now fantastic growth of emerging market consumers what is happening we are about to enter the largest consumptive boom in the history of mankind and im a hyperbolic person but thats not a hyperbolic statement there are three billion people that are about to age into the prime consumption years forty five to sixty five around the world theyve seen our life and they want it so whether its in asia whether its in india china malaysia indonesia you most people have no idea that indonesia is two hundred forty Million People a huge huge place and theyre starting to consume just like we are china is about to go from a manufacturing economy to a consumer economy and theyve brought into the middle class a huge number of people and theyre going to consume a lot of stuff india not this year the next year but over the next thirty or forty years is going to have the most well educated wealthiest workforce on the planet and high working age population growth which means high g. D. P. Growth now this is happening at an era when technology has brought consumerism a different spin on the game with sites like amazon and elsewhere so when you think about consumerism and emerging markets like first thing maybe a procter and gamble right they shampoo and Health Care Products and deodorants and stuff the p. And g. Does and these people are getting the design or you know side of the law but does these Technology Platforms like amazon are going to grow their own amazon or is amazon just going to move into these places great question and its really theyre going to leapfrog just like they did in wireless you they skipped wireline with straight to wireless so they take advantage of Technology Ecommerce in china is one of the biggest trends really going out there and get all the baba you know not much ten years ago today one of most dominant players on the planet ten cent and we chat huge huge platforms for commerce think about this every day last year somebody boss stuff on a mobile phone and two hundred forty. A Million People in the United States bought something with their mobile phone seven hundred fifty Million People in china did the same thing ecommerce over the next decade cordin mckinsey will grow twenty six percent compounded for ten years the mobile component of ecommerce grow fifty one plug in one point five one to the tenth power in your h. P. Twelve c. You and i from that era yet sixty five not sixty five percent sixty five x. So the market for mobile ecommerce in china is going to be sixty five times larger a decade from now or twenty well transfer to developing markets where the wealth transferring from and to where creditors always win so think about when europe had all the money and we were an emerging market back in the eight hundred sixty one nine hundred twenty s. And then they got very indebted and we took all the wealth same things happen now we now are fat dumb and happy weve got too much debt whereas all owned by emerging markets so the wealth always flows to the creditors so theres a symbiotic relationship between china and they were us where china is reinvesting all the dollars they get and take all the cheap goods. And they kept the dollar support as support of the dollar used to be that way right is that breaking apart oh yeah bad badly my wife kimmy is an english major so you know heres the thing if you think about our money and it is as if. Michelle your wifes not here its exactly right i was here as shes busy outside so i can just rip the Great Pyramid are on we want are just bad yeah not bad were bad all right so if you think about a friend of mine had a has a daughter and four years ago she came to daddy i thought you said santa claus brings the presents so when he does wife says why do they all say made in china four years ago up to today used to be about made in china and we were buying their cheap goods now as they become the Largest Consumer market the world is about made for china so all this rhetoric from the trump ins about how were going to start a trade war no chance the. Biggest market in the world is china to send our goods to they now buy more oil from us than anybody else its not changing in time and thats bad for the dollar the dollar is in a secular bear market and people dont want to acknowledge it they dont want to believe it but it just is look were all reserve currency status you dont keep it forever you keep it usually sixty seventy years and then it goes to the next and it used to be all about powerful navy now its about the power of information data and consumptive crown and the navy reserve cars and portugal before that and friend was on their list exactly and sun now were moving away from the u. S. As world so you look at it so the old on the dollar index i think the lower seventy currently around ninety yes they are going to break below seven they get if we do these ten surprises every year so my surprise last year is that would go down in it but i thought it was ridiculous this year i said were going from ninety to eighty and i think the next year after that would probably go eighty two seventy so seventy is a little aggressive right now but i think were there long term and near bullish on gold kind of bullish on gold i mean i like gold the problem with gold is it can be and has been i think manipulated so thats a challenge there are too many short sellers in the world of gold but long term relatively bush thinking about gold it is a store of value has been for five thousand years i mean for four thousand of those five thousand years and spot a fine man suit so now its going to become a first of all you have a lovely time ras its a gold equivalence. But this little scales got big coin on one side and gold on the other and that was sent to you by the fine folks at vanek ben ecu and i guess they have an a. T. F. Product theyre working on their own working on theyre working on you know they theyre very bullish on because i know they are and so as you are and you run a billion plus dollar fund how aggressive can you get into big going how do you play it big coin is not only for because tell us yeah you know look we have played picks and shovels primarily so far we invest in. Number of the venture funds that have been investing in things like coin base and corbett know things. Over there were not with barry but were with dan morehead upin terra were looking at life and capital and Stephens Brothers so like those guys i think barrys what hes doing is really great and were looking forward to his next offering weve done a little bit in the actual cryptocurrency is the challenge for Institutional Investors most of our clients still institutions is custody and until somebody solves that custody you know its funny they wont custody because because they cant take physical custody but what are they doing with patents and what are stocks and bonds are not really physical bare bones anymore theyre ones and zeroes so im not sure theyre just not hiding behind they we dont understand it so we dont want to do it yet well a couple of swiss banks are now offering custodians services i need to talk to you again so i just read about this is pretty this is new our friends over a gold mine where i said bag are cool now off a. Study of services im going to be on a soon as we leave yeah i get a you know like a free hat or something for that roy roy you promised me a t. Shirt i got so far i got nothing i want some of them in a jewelry you know they owe us that would be nice only nice when ive been nice all right so lets talk about the regulars out there so see you have to see chairman june carto he came out here practically gave to call it a wet kiss you know so this is the currency of the millennial and were going to be a little lapdog over here we love you kids we love krypto my kids play with crypt oh how sincere is that look at think its sincere and i think its real in the sense that a couple things about the f. C. C. And see if you see in all these regulatory bodies there are enough people they can barely cover what they have to cover now the idea of trying to go out after the new hundred forty funds that are now you know trading krypto and and all these new big exchanges that are popping up that dont have the money you mentioned just a moment ago a mark that the gold price was made. Be inhibited from performance to have it be lashon and the manipulation the same is to be. Blatantly in front of the face of regulators like silver was a car children before this guy was brought to clint was given air fuel evidence and a sam didnt seem to see what was right in front of his face so you know theres seems to be a conflict here am i wrong look incentives matter did i just lose half your clients are going to not i mean look i talk about this stuff too when the reality is it centers matter and people do with their incentive to do and you know j. P. Morgan had a lot of short gold and silver positions and they need someone to take their side so boom we get an e. T. F. Long goal but that is seemingly going to happen here in big coin and block related crypto related assets and its a process were still very young if you want to but which inning were it when you started the game well i can preaching warm ups all right as you see chairman clayton theyre taking on more group i think aggressive. As i see you know they should ive been in business for thirty years i start out of wall street you know that all the i. C. A. O. Survey look like offerings and offerings are regulated and so if there are going to see some action there you think i think we are i think we havent theyve gone after two that were really egregious. Look if you look at any organized exchange over the years theres always been abuses at the lowest level right penny stocks were run by boiler rooms they called boiler rooms for a reason not because they were nice people so when i would write the tory body has to look into something new they have a choice where theyre going to go theyre going to go after what seems like a legitimate transaction like i had a big coin earthier him or they want to go down to this level of pump and dump ponzi schemes in and i see oh that doesnt mean all i see those are bad doesnt mean all tokenization is bad look im a huge believer that everything in the world this building were sitting in somebodys going to tokenize fractional ownership twenty four seven global quick a. Thats far superior to locking up ten years in a partnership and have two to your extensions and pay two hundred twenty so the day we go let me just ask you and then it came because they for the segment before we go though so you put out a four hundred thousand dollars price target on the bitcoin. To get there all about the thai gold equivocates right about that oh and clearly clearly about your tone i thought ours like a pony or Something Like i just told equivalence and its Pretty Simple i never said how can you make such a simple argument like because thats what i think were going to me in its current form and Current Technology is a store of value digital gold goals an eight point four trillion dollar market twenty one million are really twenty one million their family members you have right there got to go all right dont go away well pick up right there on that exact point thank you thank you and thats going to do it for this edition of the kaiser report was made max kaiser and stacy ever like to thank our guest mark he used go of oregon to create capital feel to reach us on twitter is kaiser report and select on. Twenty forty you know bloody revolution of you tube the demonstrations going from being relatively peaceful political protests to be increasingly violent revolution is always spontaneous or is it you know were here to put it but i mean you know i lived with to do it really really really is that i knew pulling me to the former ukrainian president recalls the events of twenty four. Those who took. It invested over five billion dollars to assist ukraine in these and other. Secure and prosperous and democratic. All the seasons as a way to practice is the oppressive measures being deployed against us. Just in and people have the live on the set of colonialism the theft of oahu and the many many can hope theres a stating things then theyll his undoing of course the cold thats a uprising. Seven fun fun fun fun. Not not. Not. The headlines on r. T. International the u. S. Indicts thirteen russian nationals in connection with alleged meddling of the twenty sixteen election adding both of supposedly actions actually had no impact on the outcome. There is no allegation in the indictment that the church conduct alter the outcome of the twenty sixth election the f. B. I. Admits knowing about the danger posed by the Florida Shooter and its potential to carry out a School Massacre years before wednesdays of atrocity. Had been a case of mistaken identity Israeli Soldiers stormed the house of a Palestinian School teacher who was left with severe scarring up to being mauled by a dog. A no one saturday morning here in moscow youre watching the International Welcome to the program the u. S. Justice department has indicted thirteen russian nationals and three companies over alleged meddling in americas twenty sixteen president ial election and i point accuses the defendants of waging Information Warfare against the United States three indictment charges thirteen russian nationals and three Russian Companies for committing federal crimes while seeking to interfere in the United States political system including the twenty sixteen president ial election. The defendants allegedly conducted what they called Information Warfare against the United States but the stated goal of spreading distrust towards the candidates and the political system in general thats a get some more details on this now a teaser jacqueline joining us live here in the studio good morning to you so this. Enormous news whos been indicted and what about. Well these indictments are against thirteen russian nationals and three russian entities and theyre coming down from the office of the u. S. Special counsel Robert Muller and hes been of course investing investigating for over a year now the trump russia collusion and the main defendant looks to be St Petersburg based Internet Research agency and theyre alleged to have a goal to sow discord in the United States and interfere in the u. S. President ial election back in two thousand and sixteen interestingly enough also on the list of the accused is a Catering Company and that can be found there apparently they were used to help fund the whole scheme and well ok if youre a company all right the Justice Department explained how the accused truly meddled well there are a few details within the thirty seven page document the parties in question are said to have formulated plans in order to support donald trump and disparage Hillary Clinton and the number of different ways the methods range from organizing political rallies to posing as grass or campaigns there are allegations that russians travel to the United States posing as americans and trying to influence other americans to join them and whatever their goals were and some of the tactics listed are worth noting in one instance russians are said to have paid an unidentified person to build a cage aboard a flat bed truck for purposes its not exactly clear how exactly that would be swaying the election not exactly clear another person was paid to wear a costume portraying clinton in a prison uniform so yes that would be disparaging to Hillary Clinton but it doesnt really feel like something that would be able to sway marge numbers of people and then theres also a defendants are supposed to have purchased advertisements on facebook and other social media platforms one ad was to promote the support hillary say of american muslims rallies so thats a rally. Hillary i guess its supposed to be just divisive because its save american muslims but again not fully clear there and of course lets not forget all the efforts that were made on social media where. Those defendants are accused of having created Fake Identities and push divisive hashtags and topics on facebook on twitter across a number of social media platforms and of course facebook and twitter have been grilled in the past about what part of their Companies May have played in the influence of the election lets take a listen. We determined that the number of accounts we could link to russia and that were tweeting election related content was comparatively small. Aggregate these ads and posts were a very small fraction of the overall content on facebook but any amount is too much. These videos mostly have low view counts. So as far as i understand according to these tech giants these are online trolls didnt didnt actually have much of an impact on the election really very very minimal whatsoever according to them and it looks like all of the efforts if they were made were for not because the us to Deputy Attorney general rod runciman also said similar things that all these efforts were not exactly effective listen. So there is no occasion in the indictment that the church conduct alter the outcome of the twenty sixteen election so tech giants are saying no in fact we have the Deputy Attorney general saying not effective did not influence the elections so apparently all of these thirteen people werent quite as effective as they had hoped and of course the indictment was not left unanswered by russia the spokesperson for the Russian ForeignMinistry Said that the indictment was absurd lets listen to what she had to say tense out there with thirteen of them according to the u. S. Justice Department Fifteen people were meddling in the u. S. Election says he begins the billion dollar budgets of the intelligence agencies against the intelligence counted teligent against the state of the Art Technology so upset yes but this is americas modern political reality by the way why things he apparently thats the only number with potus is she a sheehans announce that only hope so this development really sort of came out of nowhere and something that i think is very important to put an emphasis on is the fact that in these thirty seven pages its completely silent on the idea of a kremlin trump connection and thats what this investigation is about trying to find collusion between team trump and russia specifically the government of russia and thats nowhere to be found here so we are a year on and this is what theyve come up with at this point. All right struggling for good thank you. Well our legal and media analyst llano believes the timing of this indictment is significant. We had a shooting where the f. B. I. Apparently and other Law Enforcement agencies were told repeatedly that this young man is exhibiting behavior which most probably is dangerous. One can only suspect whether thats it also the mentally ends of dollars that have been involved in the Russian Investigation so one could say in addition to trying to explain why nothing was done to try to stop or at least to do more involving this young man who was exhibiting all kinds of homicidal behavior and certainly warranted a far closer look than what was presented one could say that maybe in addition to that theyre trying to do something because theyve only been talking about russians for well before the election and so far nothing has been done. If has admitted it knew that the Florida Shooter posed a threat years before wednesdays atrocity and that had been receiving intelligence on the alleged perpetrator of one of the Deadliest School shootings in u. S. History before the attack. We have uncovered at the Broward Sheriffs Office that weve had approximately twenty calls for service over the last two years regarding the killer the f. B. I. Has a term and the protocol was not followed. The information was not provided. And no further investigation was conducted at that time. The f. B. I. Had been given information about nicholas cruzs gun ownership on his social media posts his desire to kill people erratic behavior and potential to conduct a School Shooting the world so flag one of those who actually warned the Security Service about cruz has spoken about what led him to raise the alarm. September twenty fourth two thousand and seventeen i sent a screenshot of a comment on one of my videos you know this comment said im going to be a professional School Shooter and i knew that i couldnt just ignore that i hit the report but report it to youtube of course they remove the comment in then i tried to email it to the f. B. I. The shooting in florida occurred on wednesday when a former student fatally shot seventeen people and injured some dozen more and year old suspect was detained by police on the day of the atrocity his case and how the f. B. I. Failed to recognize the threat posed by him is now being investigated like u. S. Attorney general Jeff Sessions is now calling for an immediate review of the f. B. I. And the department of justice florida is not the first deadly attack that could potentially have been avoided had more attention been paid to intelligence reports. Nicholas cruz isnt the only mass killer to be on the radar screen of the f. B. I. Before conducting their crime all marmont teen who shot up the pulse nightclub killing forty nine people in Orlando Florida was investigated by