A half years after we said this and this is how to buy has failed to make homes more affordable ok lets talk about this for a moment so the government injects a bunch of free money into the Housing Market and prices go up and as a result people find they are less affordable so the government puts in more free money to help people buy these on a form which as the effect of moving the price of the homes up again. So its not that people can afford houses thats not the problem the problem is that the central bank the bank of england and the banks in the u. K. Keep injecting lots of. Bailouts for Home Builders and the banks that support the mortgages and the homebuilders thats causing the prices to go up thats now it also has a corollary effect and that would be a moral hazard because people who buy into these homes and they keep the price keeps going higher because the bank printing money they then use it as an automatic teller machine and they dont work anymore and we know weve lived in london for many years and there are many many people that live in london who dont actually have a job right they just wait for the government to keep boosting home prices and then they take it out of equity extraction as cash this is incredibly detrimental to the fabric and the character of the nation because theyre not working. And this is what led to bricks in my view well thats my view as well that a cause breaks it across trumpet cause all of the populist uprisings happening around the world of course that the elites instead choose a Conspiracy Theory that some guy living 4000 miles away who doesnt even speak english that hes hes manipulating our population into thinking our programs are bad and of course you know that theyre the Central Banks and to a lesser extent government bodies and treasury departments for example have been picking winners and losers and therefore losers because youre a loser now in the United Kingdom if you havent been able to come up with that 5 percent because in order to participate in the 15 percent of your deposit from free money from taxpayers you have to be rich enough to come up with a 5 percent so if youre not rich enough if you cant save up that 5 percent and property prices keep on going up faster and faster so you know the 7 to run faster and faster to accumulate the savings to put deposit down so you know cavil ism is about you know the market decides whos the winner and loser we have the zombie corporations we have this is the zombie you know Housing Market we have this zombie unicorns thats in the headlines to this week we worked all their i. P. O. Theyve been getting all sorts of free money losing money hand over fist signing breaking all laws of basic banking like you know in terms of duration mismatch they they have long term leases for all 47000000000 dollars of the leases and short term like weekly or daily or sometimes monthly contracts with various tenants and thats obviously a recipe for disaster in any long term Property Investor like 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 pern companies go we theyve signed the billions and billions of long term leases. Isnt the idea is to fill it up with short term tenants and now the economy is going under and the companys 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 a 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 cast for a 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. 00 this year there is the tech unicorns allegedly of course they are all operating the meatspace 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 loses 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 eyes 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 stein 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 Lehman Brothers at the time i was the head. Citibank 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 them 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 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 the 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 the 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 hes 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 hes 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. 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 retailer has been there for i think 100 years was taken over by we work and thats a real punch to the fabric and the character of midtown manhattan to lose that company but you know this is the risk of the carriage the magic cycle and you see in politics you saw jim jones. 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 them 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 with their 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 dulness 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 trading fraud like that jamie diamond j. P. Morgan now or twice convicted predatory monopolist bill gates moves 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 reinvolved are up close to you tube you tube creators may lose verified badges this Company MakesVerification Program even stricter 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. Yeah 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 or going to mean they got it wrong in the financial crisis they got it wrong in 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 theyve got just double down more doubling down market or a wall going to come back right after this break with a great interview with them dot com. So what weve got to do is identify the threats that we have its crazy confrontation let it be an arms race is often spearing Dramatic Development only personally im going to resist i dont see how that strategy will be successful very critical time time to sit down and talk. Seemed wrong when all the rules just dont call. Me. Yet to stamp out this thing comes to consecrate and engage with equal betrayal. When so many find themselves worlds apart we choose to look for common ground. You know world of big partisan new things a lot and conspiracy its time to wake up to dig deeper to hit the stories that Mainstream Media refuses to tell more than ever we need to be smarter we need to stop slamming the door. And shouting past each other its time for Critical Thinking its time to fight for the middle for the truth the time is now for watching closely watching the hawks. 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 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 up lead aprile content onto the internet in an encrypted container and then encrypt contain it 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 what is inside the container so its a new way of doing ecommerce 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 year to day 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. Well kate i am really delivers the promise of the Internet Freedom of speech freedom of cool murders 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 cam. What the nature of it is the senate for a 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 raid like a bit torrent all over the place they geographically are there some how are your ranting hours to keep keep them away from any any eyes 5 eyes i guess you could call 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 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 wass 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 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 crypto because. The crypto and big coin is now taking on governments and the governments are fighting back on the banks are fighting back so this fight you know this is going to be a big fight. Have you been doing youre eating are we as and are 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 banks 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 now will. 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 t