Thats obviously a recipe for disaster in any long term Property Investor and i say sam zell would tell you this is this is a disaster and of course we have some headlines regarding this is sort of this is the classic mistake of Property Developers and now theyve turned it into a huge market like that we work to open ear companies go we theyve signed the billions and billions of long term leases and the idea is to fill it up with short term tenants and the economy is going under and the company is probably going to go bankrupt and that theyre the biggest leaser in major cities all over the world and it was totally predictable there the number one tenant in london denver new york and i think it was los angeles as major cities around the world they are the number one there if they go under theres going to be huge dislocation and in fact were going to get to that headline from the fed president of boston he talks about that but. Heres a 1st tweet if you wake up on a caster mattress hail a lift to get to your desk that we work used or dash or a launch and have to bring your dinner youve spent your entire day interacting with companies that will collectively lose nearly 13000000000 dollars this year there is the tech unicorns allegedly of course they are all operating the meat space but they say theyre actually just to service their tech service so they dont how many employees them there like they deserve a multiple of a tech company weve covered as well in Fracking Fracking also we use his money hand over fist and makes no sense only in the past 10 years when theres free money all over the place so we have these zombie like disaster economy developing where it all can just disappear overnight you know its all based on leverage and people thought that the natural barrier for this leveraged economy this ferrante economy this financial ised economy would be 0 Interest Rates and yet that barrier was broken with negative Interest Rates so its never been tried as Michael Hudson would say dr Michael Hudson since the bronze age theres no record of it ever occurring thats purely to keep this ponzi scheme as misfires time wrote the book planet ponzi its a pull its entire Global Economy based on. Selling bags of garbage to somebody else at a higher price until the music stops remember the 2008 financial crisis the head of i think it was dick who was running the Lehman Brothers at the time i was the head of citi bank made the comment that you know as long as the musics playing we will continue doing this dance and then the music suddenly stop there is a liquidity crisis you had the financial crisis and they instead of allowing capitalism to do its work of weeding out the we can see the weak players in the frauds they injected 151617. 00 trillion dollars worth of voodoo money to keep the calm game going and now here we are in 2019 with negative Interest Rates and multi 100000000000. 00 trillion dollar Venture Capital unicorns. Are all going bust and the colossal failure is being felt in every corner of the Global Economy and the us was smart countries are buying gold so i believe that was chuck prince who said that at the time back in 2008 and of course music is going and thats why people keep on lending money to these corporations like casper matches like live like jordache like and they keep on losing money and losing money and fracking as well so heres a headline we work Business Model is Systemic Risk to economy rosengren says so remember back in 2008 when the economy collapses the banks that were too big to fail we could have his you know accordance with mythical magical Business Models that apparently might be too big to fail and we might need to bail these companies out because we work they are the largest tenant in new york city chicago denver and Central London they have 47000000000 liabilities and Eric Rosengren whos the boston fed president he was speaking at n. Y. U. Your alma mater and he said hes saying hes looking at hes basically against all this cheap money and that is encouraging a huge amount of leverage in particular he says the commercial Real Estate Market and he doesnt mention we work by name but he says that you know that Coworking Companies are in particular a concern to him as fed president at boston he said in a downturn the Coworking Company would be exposed to the loss of 10 an income which puts both them and the Property Owner a risk if they cannot make lease payments to the owner of the building im concerned that commercial real estate losses will be larger in the next downturn because of this growing feature of the Real Estate Market which could ultimately make runs and vacancies more likely due to this new leasing model we could see a run on commercial property in new york city people storming out of the building well lord and taylor the rich ellis been there for us to go under yours was taken over by we work and thats a real punch to the fabric in the character of midtown manhattan. To lose that company but you know this is the risk of the carries the magic psychopath and you see in politics you saw jim jones who had the mass suicide jim jones you know drinking the koolaid as it was thats become a euphemism now for committing financial suicide but when you have these charismatic psychopaths who run we work or he was the bumped out the original c. E. O. And they give him Unlimited Money thats like ok jim jones hes hes getting people to commit mass suicide and if and if janet yellen or ben bernanke he or jay powell were running the show theyre there so their answer would have been lets give them a 100 times more koolaid ok when theyre committing suicide with arsenic or cyanide laced koolaid lets ship in 10 tanker boats full of cyanide koolaid thats how were going to solve this problem of suicides and beyond with more spiked cyanide koolaid right so that the Central Banks have theres supposed to be calm. Respectful of something called the Business Cycle you know when the capitalism ebbs and flows of communism or socialism tries to create one steady drumbeat of dull pnas they dont like the volatility doesnt work capitalism they have the volatility people say its a little bit too much to handle but there has to be volatility if you have capitalism without penalty thats like a fall without help if theres no penalty for committing fraud like that jamie diamond that j. P. Morgan now or twice convicted predatory monopolist bill gates i mean theres no penalty for fraud thats not capitalism anymore so and i want to quickly at the end here turn to another headline thats relevant to your interview with kim dotcom but also to kaiser report because it involves our uploaded to you tube you tube creators may lose verified badges this Company Makes Verification Program is. Constrictor that was in the verge followed quickly on line by you tube wont take verified badges away from creators after a backlash however their regional intent was exposed in this quote from the original story these new verification rules seem like another move from youtube to more effectively moderate search results and recommendations which is an area where the company has faced widespread criticism Company Executives have said they want to work on ensuring that the algorithm recommends authentic and authoritative videos from well known and respected creators when it comes to several topics so theyre deciding that ok well known and respected creators theyve theyve removed the verification badge from some people who have over a 1000000 followers which would presumably suggest that they have their well respected and well known well censorship yeah its a bit censoring content yeah because they got in trouble because the Mainstream Media got it so so so long as the parties came out to be supportive at all costs because if they anybody were to rationalize markets it would cause a massive financial armageddon and thats coming around the same media got it wrong in the financial crisis they got it wrong and j. P. Morgan they got it wrong and helped by they got it wrong on hillary they got it all wrong and now theyre saying well theyre the reason for it is because you know people like if we if only our truth were heard then maybe it would alter the outcome right theyre going to just double down more doubling down market all right were all going to come back right after this break with a great interview with them dot com. Glenn. Glenn. Glenn. Glenn. Glenn played. Lead. Play. Live. Lets play. Playing. And very well can see you watching us inside. Pain years and started 10 years i think its time to shake things up maybe change the branding maybe the format here is what ive been thinking about next season related episodes filmed on an island 10 experts fight it out for a trophy what do you think ok a more affordable option 25. 00 text birds. And one red rose another suggestion geopolitical jeopardy parody no political cookout where we will literally wrote the elites. Late night show its a rare form out these days and its chief all you need is an old microphone in a printed banner but to leave me with i guess i can do this campbell after politics gone wild like music. Ok crosstalk is not about hype its about meaning 10 years of talk and still going strong. Peter if you want to change something why dont we get rid of the bow tie you know that is too much. In 2040 you know bloody revolution to correct the demonstrations going from being relatively peaceful political protests to be creasing the violent revolution is always spontaneous or is it you know here i mean your list put. In a bill is that i do believe the former ukrainian president recalls the events of 24. 00 g. And. Those who took. Invested over 5000000000. 00 to assist ukraine in these and other goals that will ensure a secure and prosperous and democratic. Welcome back to the kaiser report imax keyser time now to turn to kim dotcom who will soon be launching kim thats k. Dot i am is new social media platform using bitcoins a lightning and liquid full disclosure im not either an advisor nor my direct investor in the platform a fund that i am an investor in is making a passive investment in this thing and but i have nothing directly myself and i have no an input into that but kim dotcom welcome thank you how are you doing fantastically well and its great to have you on finally tell us about your long awaited platform kim you call it the ultimate content monetization system why build it for whom have you built it how does it differ to mega your previous project. Yes ok then i am is basically p 2 p. Kramers we allow people to walk op lead aprile content onto the internet in an encrypted container and then encrypt the container becomes a file shop so people want to access the content that is inside they do the crypto payment and everything within that container and in on whats inside the container so its a new way of doing equinumerous without a middleman without banks credit cards its from a consumer to vendor or from consumer to consume are right now this comes out an interesting time in the history of content and spirits weve got. A monetizing all over the place twitter is the platforming so how does kick a dot i am provide an anecdote to this has it fit into the ecosystem of content. What kater i am really that delivers the promise of the Internet Freedom of speech freedom of commerce and freedom of finance all in one package. So will you keep the platform censorship resistent can the u. S. Or chinese or any other government shut it down can. Well the nature of it is the central life sentence p 2 p. Its user controlled we are not hosting any files for anybody so its really up to the users to you know manage. The containers right and the servers themselves are they are arrayed like a bit torrent all over the place they geographically are there some how are your ranting ours to keep keep them away from any any eyes 5 eyes i guess you could call them folks that are interested in this type of thing while we do have the centralized structure we also offer an a. P. I. For people to add servers around the world so its a definite definitely it totally decentralized structure right now you know going back to mega. You had at one point i think it was 4 percent of all the Global Internet traffic and. So with with cam k. Dot i am do you think you can capture that number again whats the Business Model i mean that if you know where were you thinking and you can achieve those heights again. The sky is the limit with this service i belief that you know we can get even bigger and. The great opportunity with kater i am really is that we take it upon itself all of these limitations that are being introduced the states you mentioned earlier you know twitter they spoke all these companies are becoming politically engaged theyre no longer just platforms wasps to communicate on they are politically biased and therefore this much more potential for growth for service that actually provides you real freedom yeah you know this has been a labor of love really going back a few years because the name for this type of content distribution model is definitely there the heavyweights in the industry are applying so much censorship going on and then youve got some in dust industry. You know titans with bit fanatics youve got simon dixon over back to the future these people of and even when i 1st Start Talking to you about this with simon you know back going back a few years theres a real. Theres a theres a real need for this and i know the industry is is really rooting for something for this to to work its almost it almost seems Mission Critical at this stage of the internet and crept out because. The crypto and big coin is now taking on governments and the governments are fighting back and the banks are fighting back so this fight you know this is going to be a big fight cam having been doing youre eating your winnings and gearing up and not are you ready for i do have the stamina are you ready for the scam are you ready im ready i was born ready you this thing is exciting you know governments are fighting for their control bangs up fighting for their survival. These outdated models are going to disappear theres nothing they can do about that and you know i want to be part of this revolution i want to deliver the products that actually allow people to utilize crypto you know in a meaningful way that is still a bit lacking but its coming you know this that so many developments out there so many cool new products that are coming out theres no way for anyone to stop this train right and getting more into it now so the integration of lightning and the liquid ah the Bitcoin Network this is going to bang music to many peoples errors in a big white space going to tell us a little bit more about it yeah i mean the thing is and this is why it took us so long to get where we are not well. You know the whole industry the whole crypto space is still evolving its evolving rapidly but a lot of the promises. Have been delayed and you know issues have to be resolved program called spent to be refined so liquid and like the not to really nice example of you know how to make crypto work batter and real time unfortunately over the last 2 years a lot of these early promises new protocols new ways of doing things were you late and it also kind of late what we were trying to achieve but all the all the pieces are now coming together and its all working schools so we are expecting that this is going to accelerate the development of Crypto Solutions like ours right hows the Engineering Team how many an engineer dad working on the. Spot about a dozen people for time and you rock. Well its america and were going to be expanding that team once we are the next. You know if you characterize you know your career. I would say that the whole battle against the Copyright Cartel as i call them the copyright industry is pretty part of what youve been dealing with for a number of years now and. I think that this is a worthwhile fight to go against the Copyright Cartel copyright you know i would put you in the category of for example of an era schwartz or someone like this is been trying to fight for intellectual freedom in a lot of ways and this copyright industry and the introduction of perpetual copyright and the enslavement of data and the enslavement of information has has really started to impinge on human rights in countries all over the world new zealand of course is part of the i believe our might be just be australia but theyre part of the 5 eyes which is a kind of a Global Surveillance Network and so all of the great things about the internet and you started on the internet and you were one of the 1st adopters of the internet you know all that promise from the ninetys all that great the dreams of the ninetys you know were at that point came it seems like theres another theyre starting to close in theyre using all the all the surveillance technologies are starting to really crimp our style as entrepreneurs is kim dot i am is this going to break us free. And i love good to see as well 1st of all lets. Look at what happened and in the last 3 years all these accusers that have you know brought this case against me. Going to jail for this sex offender i dont know if you follow the news but the m. P. H. Chief counsel. Was recently fired because of this sex offending and weinstein of course was going to jail and the c. E. O. Of one of brothers also lost his job because of the same kind of conduct so all these people are not really model characters to point a finger at me the other thing is you see that the mo not police are trying to get more and more control over content and that includes now social media platforms so we need to have technology set can circumvent and oh boy monopolies because they are really the ones causing you know the big issues their greed and their lobbying to try and get a policy strange that are not really benefiting the people but only their Corporate Overlords and shero widders you know that needs to be avoided and this new technology that im delivering is doing exactly that ok weve got about a minute now so tell us about whats coming down the pike air while we are evolving we are expanding you know were doing this next round with between next and then were doing a listing of our token on the day off for a lunch so our token its not a promise token its a token that will be available as soon as the Services Available people can try it out can see it 1st before they decide if they want to get involved or not so i think that is how it should be done right and i mean a lot of the economics and then are lying aspects of ends and tuck in exchanges these are evolving technologies as you point out they do touch upon the 3rd rail of politics and economics that being the copyright industry and banking those 2 entrenched monopolist dont want any competition so can dot com as a sign to take them on both at the same time because hes a russian. A reasonable guy whos going to tear a new hole in the fabric of the universe i hope was. Well thats it for i think were out of time and thanks so much for being once again on the kaiser report kim. Thank you max i proceeded. Well thats going to do for this episode of the kaiser part with me max Kaiser States are but like to thank our guest cam dot com cam thats k. Dot i am kim if you like to get in touch tweet us a kaiser report or visit kaiser report dot com until next time by al. Boltons appointment sent tremors around washington to the least among those who are out of government and many of those in government because it is a long track record of being very strong polemical bursary a man who understands how to make the government were very much polarization it was. Curious times arguing for invading iran for invading north korea etc and this was very much not working for the president wanted to go so why he pointed to some bit of. The world is driven by a dream shaped by one percent of those great. Thinks. We dare to ask. Join me every thursday on the alex simon show and ill be speaking to guess what. World politics sports business im sure ill see a. Little buzz but if she warned you i do. Would be sure that there was more of those jeans nudist beach and you see me. In the news i mean that is without infringing balls. A lot of you will see as it parts about to cut out the most cool. The. Cabinet 5 days doing these. People who simply knew. Little. Grinded is ahead dressing a mannequin instruments Kitchen Equipment and hunting supplies the Beauty Industry is developing rapidly with trying to keep up with a safe i was succeeding with a. Busy grind it is for medical instruments are in high demand weve received special is from various companies which manufacture surgical tools. On your Company Office training courses where we teach by russian nationals and foreign citizen. Complaint which sparked impeachment proceedings against President Trump is it really stood out the whistleblower admits being a direct witness to most defense to describe why both democrats for blood are sticking to their guns. We were presented with the most graphic evidence yet. That the present United States has betrayed his oath of office. Betrayed to defend our National Security and betrayed his oath to defend our constitution. To complete the rates his desire for
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