welcome to the kaiser report imax keyser last week the chinese government admitted for the first time that so-called cancer villages exist as decades of pollution take their toll on the health of chinese citizens so far the u.s. u.k. german swiss italian spanish and french governments have yet to admit that so-called cancer markets exist as decades of toxic fraudulent derivatives take their toll on the wealth of global citizens and i ran last week for bankers sentenced to death for bank fraud after they forged documents and legibly used to secure loans totaling two point six billion dollars to buy state owned enterprises meanwhile in australia a temp agency jokes in an ad to kill existing workers and replace them with temps who can also be killed when no longer needed and you thought joking about killing banks hers was going too far ha ha ha the jokes on you worker

peasant sucker stacey maxwell why do we take a little look at a clip of that ad where they just offer any worker who is inconvenient and they actually come to the point where they say let's just do it on an hourly basis hi i'm genevieve juillet the c.e.o. of one shift i'm so confident and have people from stepping down and. hi. george. i'm the c.e.o. one should. move for one yes demand too many rights exhibit any sort of human quality like if they get tired they do know that if they if they're tired after lunch just get rid of them and i like the a comparison to how the temp agency can joke about killing workers but if you talk about banks are being killed for fraud or terrorism or money laundering or if iran

does the understandable thing and killing banks hers or china recently killed some banks are suddenly all that's to being terrible that's taboo it can't kill the banks it's an example of stockholm syndrome people being held captive by banks fall in love with their hostage takers the banks hers but making jokes about themselves getting murder oh that's hilarious pup was speaking to stockholm syndrome and falling in love with their captive in japan they often fall in love with blow up dolls right because they don't have any human emotions and they're very simple they don't demand anything they just perform a function for you and i think that's where our friend michelle locke is gone with this headline robots don't commit suicide and all their robot advantages robots don't eat drink demand coffee breaks or protest working conditions and they certainly don't commit suicide so misha saying that this is a good thing that the c.e.o. terry foxconn in china which produces most of this i phones and many other

electronic products is replacing a lot of the workers there's a freeze now on hiring because he's replacing them with a million robots so this is not going to help the worker situation and those who vilify workers vilify unions in america particular but glorify the central bank are really setting themselves up for a total societal breakdown if you're going to have a central bank then you need the workers' pay tied to the money supply that that's the way to get around this conundrum don't replace the. workers with robots but what will happen is that the central bank will be replacing the robot and that robot will be set to stun and kill more than it already is well mission goes on to say get rid of a million workers replace them with a million robots and you get rid of a million complaints about working conditions as well as unwanted high profile work related suicides and i think this is something we see throughout the economy we

have become hyper focused on just these numbers and that the annoyance the nuisance always and many of the arguments is people get in the way you know they have babies you know women give birth to a child who needs health care for their entire lives so it throws a spanner into the works of health care we have people who get into fights fall in love have wars all sorts of things get in the way so his argument could be extended to the entire situation like ok you mentioned the cancer villages in china well robots don't get cancer either so what about all these pesky humans that keep on complaining about their children getting cancer because of all the toxic dump into them into the river or the lake nearby well let's just get rid of the humans because if we got rid of the humans and all those pesky problems and toilet breaks and food and hunger and all that stuff we would have amazing efficiency amazing g.d.p. growth the economy would be booming we already see it on wall street and in the

city of london where they have high frequency trading these are robots algorithmic trading our robots and they are set to steal money and then when lloyd blankfein or jamie diamond or hester here in the u.k. is caught stealing money they simply say it was me it was the robot so that's their defense and they get away with it or they try to go to a jury trial the jury is so stupid because they've been fed drugs and g.m.o. saves that they don't know how to render a verdict so they get off for that but just killing workers by the millions and replacing them with the robots as a very kind of genocidal feel to it and anyone who's below. that is pro genocide you know the fact is as we've covered andy grove the co-founder of intel he was saying that it's on the factory floor where innovation happens you can't teach innovation and therefore you certainly cannot program innovation so if we had had mission is no dream future but imagine it has been set back to somebody just sent

me a photo a five megabyte computer with a hard drive and you still have to be airlifted in the computer was so big i mean what if we had just replace humans with those computers and that's the extent of innovation that ever happened because as humans and all their. demands and needs and bathroom breaks and lunch breaks that is what creates innovation is the problem is that the money has dried up so you have something like lord of the flies happening on a global basis a global scale is that those who have a few shekels to rub together are now doing their best to kill off everybody else and so such time as the money starts to flow again the credit starts to flow again but that won't happen for another ten or twenty years you know the fact is also many of the people in the comments for there were saying well this is great if we you know we can't fight technology and if we get all we place by these robots you know we could just sit around and they'll create all sorts of abundance for us discounting the fact that yet again the stubborn quality of nature is that there is

a limit to resources there is always going to be a stubborn little thing to get in the way of the technological growth plus the robots of course are protected with intellectual property laws and that's an illegal monopoly under any free enterprise system so that's remissions argument breaks down again is that he's promoting monopoly and intellectual property perpetual copyright and patent laws which are completely anathema to free markets and competition well robots may not commit suicide by. they certainly do commit murder killer robots must be stopped say campaigners autonomous weapons which could be ready within a decade pose grave risks to international law claim activists these are an activist group called stop the killer robots and they say that right now robot warfare and autonomous weapons are the next step from unmanned drones and are already being worked on by scientists and will be available within the decade said

dr noll sharkey a leading robotics in artificial intelligence expert professor at sheffield university he believes that development of the weapons is taking place in an effective lee unregulated environment with little attention being paid to moral implications and international law c again it's these pesky geneva conventions because people have these pesky notions of like human rights well the robots don't understand human rights right at the next nuremberg trial everybody on trial will get off because they'll simply say the robots did it wrong we don't know we all those people died we the robots they got a brain of themselves they decided to kill everybody we don't know what happened but we took all the money would you call a property we got rich but that was just a collateral damage no idea what really happened the rule book said it before it can hang us exactly you know speaking nuremberg trials you would interrogate the person and question how their motives and what they what their motives were behind this of course as you mentioned there's copyright proprietary trading information

so you're not allowed to look at the algorithm of these robots and and what how what the algorithm said and who to kill the wall street banks to steal money through high frequency trading by co-locating computers next the exchanges siphoning off gas saying they can't prosecute us because the technology by which we still money is proprietary has protected under copyright law and go back to this piece about killer robots dr no sharky says quote this is going to be big big money but actually there is no transparency no legal process the laws of war allow for rights of surrender for prisoner of war rights for a human face to take judges. it's on collateral damage humans are thinking sentience beings if a robot goes wrong who is accountable certainly not the robot right and the robots are evolving which is something that and let's say christian extremist america they don't believe in evolution but they're going to be wiped out by evolving class robots well i don't think they will because i think innovation will then stop will have these non-serious sidle homicidal robots running the world we won't advance to

anywhere past this because they're not they don't have the sentience human wants and desires i think it's desire wanton needs that makes innovation happen they don't have any needs but what they're programmed for when if the white puff of smoke at the vatican goes up and they open the doors and the cardinals elect a robot to be the next pope well that's exactly where old ok. well that's exactly where this is going because of course a robo pope would have none of these human flaws that's right he would be able to keep is waning in his wing way it would truly be infallible that's right maybe this is the second coming. that's really is the. i'm talking about what they said in the bible. so finally speaking of robots s.e.c. wins asset freeze after hinds traders fail to appear a u.s. judge frozen goldman sachs accounts that regulators say was used to make suspicious trays and h.j.

heinz company after unknown traders failed to appear in court to defend their claims to assets this defendant who failed to show up in court it could've just been an algorithm it's my argument it was known a certain unknown traders in the securities of a state heinz and company and so basically they bought some options a large amount of ninety thousand dollars which rose by two thousand percent with this insider trading information to up to one point eight million from their ninety thousand dollars investment but a clear case of insider trading they just didn't pick up the money that they made but they can always make it back to in some other insider trading no prosecutions no laws against it anymore it's just open season for fraud yeah and of course these algorithms the f.c.c. was able to spot an unusual blip in this trading activity because even for several days beforehand there were zero options traded on heinz and then suddenly ninety thousand dollars worth at forty cents were bought so now we saw the same thing before nine eleven yes

a lot of insider trading around nine eleven the buzz across guard and the cia and it was in the nine eleven report it's clear case of insider trading but nobody bothered to investigate because it would implicate the algorithmic trading of wall street that is key to the survival of the robot nation called america city of london frankfurt thanks so much they say ever for being on the kaiser report thank you max all right stay tuned for the second half we'll be speaking to dominic frisby author comedian and gold bug. there are twelve cities in the united states in which half of the people with hiv aids lives within a year of a diagnosis of. over sixty two percent and so. i don't mess with this is

a problem that frankly is substantially preventable it was like the big elephant in the room and nobody wanted to talk about there were really good public health campaigns that people were really focused on this problem you certainly should be able to have a lot less a lot less human suffering. this poem was deep in view of embryos. he had good reason to trust no one. his body was found on the floor of his huge empty house. but did he die of natural causes. the mystery of stones to. see. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear sees some other part of it and realized everything you thought you knew you don't know i'm tom harpur welcome to the big picture.

welcome back to the kaiser report imax guys are time now to turn to dominic frisby author comedian and resident gold at money week dominic welcome back to the kaiser report thank you very much for having me back nice dominic as i said you are a gold bug now everybody is talking about the so-called death cross what is this technical indicator and does it matter well what the death proces. death cross is that going to go you have the two hundred day moving average and the fifty day moving average which is the average price of gold over the last fifty days will gold of the last two hundred days and when the fifty day moving average cross is down through the two hundred day moving average you have

a death cross and that is supposed to be a bearish signal and when you have when the fifty day moving average crosses through the two hundred moving average and the prices above that that is what's known as a golden cross and that's seen as a buy signal but in my opinion it's a liking indicator it sometimes helps you identify trade trends but if you're a go bug i wouldn't worry too much about it i've spent many long nights staring at the gold price in the gold charts in the early hours of the morning when perhaps i should be watching something else but i was looking at the go price and i've but test tested it and it's not really fast effective technique to yes out of lance arresting death cross and the geeks and nerds of our tech fall analysis to make believe that there involves some drama when in fact it's nothing that's going on on a piece of paper the fundamental case for gold has never been stronger central banks are buying gold by the hundreds of tons the repatriation of gold by countries

of germany now showing distrust among central banks take any money printing by central banks mark carney being parachuted into the cater print money what do you think of mark carney coming in here can reason marconi has got the job is the tories want to engineer some kind of boom in time for the next election so that they get have the best chance of being reelected and i mean i just think that's awful that it will be an artificial it will be essentially central bank created. boom and he is one of the most inflation a central bank is out there and that's why he's got the gig ok there it is there is a political agenda that not going back to thirty years going back to the reagan factor bilmes of the eighty's this idea of pumping money into the economy has resulted in some g.d.p. . growth but over the past over that period of thirty years for every dollar of debt that you're pumping into the economy you're getting less and less of a g.d.p. boom now it looks as though that trick of flooding the economy of debt is not working anymore so it's like the economy is

a corpse you're transfusing blood into the corpse but you end up with why you have around the world that was on be economies and is a truck going to work this time and if it doesn't work this time is that really going to portend a very sharp consequence nobody knows and i mean you're absolutely right it creates zombies in my opinion it creates the wrong sort of growth i'm all for the growth in ideas growth and efficiency that kind of thing but as you say they are merely pumping blood into the zone b. and it takes more and more blood to get the zombie to move. is it going to end in some kind of inflationary collapse or disaster i doubt it i just think it will end in in more stagnation the great thing about this monetary system that we have is that it benefits those closest to its issuance those close to money issuance at the expense of everyone else so i think you'll see the middle class get squeezed even further you'll see the gap between the very rich and the very poor get even launch of the very rich that kind of two or three percent right at the top who are closest

to money's issuance those who are holding on to assets such as central london property or onto that kind of thing they will benefit and everyone else will sink further and further into debt and anger what about this idea that david cameron seems to be financially illiterate he was a measuring a mass of comments recently that there's been a reduction in the u.k. debt and of course that's false that the debt under cameron's up sixty percent he was referring to the deficit but even that is also not contracting what is it is it just they did it was absent that day even when they covered financial transfers well i don't know if he turned up that day or maybe you know he wasn't concentrating and he. you know it's close if indeed he did economic city but the it's surprising how few people are able to distinguish between deficits and debts and they actually did some kind of survey a couple of years ago and a worryingly small proportion of politicians were able to distinguish between the

two and i think a few weeks ago somebody actually had to sit down with cameron and explain to him what the difference is between debt and deficit and but to be fair to the tories they weren't targeting lessening the debt they were targeting lessening the deficit and to certain extent they've succeeded in doing that but at the only at the cost of greater taxes and so on since all right so the deficit the government's running at the end of the air they just that they can't pay off they dump into the debt absolutely that's best for the difference yeah well you know there's still i don't even know what the deficit is but at the end of the money the deficit is the difference between what they take in and what gets paid out and they're paying out significantly more than they take in and so the difference leads to case whatever it takes a our tax ravenous tax has an enormous parking fines right ok a lot of money must mean is this right tack tax tax revenues revenue yes the minimum big also some of the deficit is covered through the debasement of currency ok but when the minimum

wage jobs in the u.k. are expanding like when dollars just expand higher twenty five hundred people a minimum wage the amount of tax that comes off a minimum wage job it's not enough to pay down these debts in other words if donald hired a million british people or five million british people the amount of money would cost to just keep those people going to their jobs paying their transport cost paying their to cost bang their heating bills paying their taxes by the end of the day they would actually be a drag on the economy it wouldn't offset the debt it's not going to make any difference whatsoever and the great on any with taxation is that. people have found the move. so you tax people you create the three f.'s fraud flight and fight and actually lower tax revenues lead to greater story low tax bands lead to greater revenue for the government partly because people are happy to pay tax partly because a lower tax environment creates is an economic incentive for people to work and

trade into business and that leads to economic growth and healthy economic activity which leads to further government revenue so the great. all the time that the raising of the tax rates on the rich from forty to fifty percent it didn't actually generate much much more revenue it was done to have to be seen to be attacking the rich we have the stamp duty on properties over two million pounds in central london was raised to seven percent which is a heck of a lot you know actually all it's done is caused the property market over two million pounds just actressy and government revenue has actually decreased as a result of higher tax band so raising tax doesn't always lead to higher revenue for the gun i was reading. over the tell ya he's a good guy and well he's a journalist and this guy for our shock cut in taxes to below the rate in

ireland which is ireland i think is twelve and a half percent he wants it to be less than ireland to be the lowest tax regime in the g twenty and that this would be a boost to the economy i think it would be ok if you don't agree that well yeah but you have in the u.k. you have an incredibly developed. government sponsored entities like the health care and other subsidies of the government in this country so the government you know if you're going to cut what they're trying to cut yeah right now and there are social on rast which is predictable and understandable because at the same time to get back to our same thing in the conversation they're not doing. i think to address these four big banks who are like trolls on the bridge taking all the money as is coming off the printing presses up its aims that oz born in cameroon if they're going to cut the services of the welfare they if they don't

do some something some of the something compatible in the banking industry they're just popping them selves up to keep huge problems as they have done right i'm of the view that any talk of regulation is going to work is just going to make things worse and what about the rule of law is that something that you would agree is necessary and would tell us what the law is alive for the banking system has been repeatedly broken oh the bank all right all over again i'm not defending the banking system for a second but why not why not get rid of those four banks and replace them with ten new banks and create competition well for competition yes we can agree pro-competition i'm pro-competition as well and i would stop bailing out banks and i would i would move to independent competing currency said the banks of banks effectively banks are going to have a duopoly all money i would remove that and if the bank over leverage is itself and the bets go against it and the bank goes bust then the bank goes bust and that's

the end of the story but it seems you bet that the banks are just creating zombies and all the other things we talked about have been i mean that is why we have that's not a matter of regulation that's a matter of deregulation of anything else because regulation is protectionism effectively for the banks is it stan it is a matter of law and order their banks are regulated but they're not a bank the regulations whether you know they don't or regulations that's not the case or deregulation interesting existing ones in the process that we have would never happened that's right yeah ok so first of all why i can no one's gone to jail . and first of all why would i as i want supporting them what quantitative easing something about to support the bond portfolio of a corrupt banking system so why why. can he get up in the house of commons and pontificate on the merits of various cutting of various programs when he's doing nothing about the most vicious destabilizing influence of this economy the corrupt banks well i don't think it's because he's corrupt i think it's partly because he's

badly advised i think he needs to read up a lot of the osborne yeah but i think most was badly advised by way of it gives him a vote or does a bus stop well he's going to be advised by people who have been banging his some station cories i mean i don't know who else was advises on but i mean when love bank like barclays gets caught red handed manipulating libel rates when a bank like h.s.b.c. gets caught redhanded laundering money for mexican drug cartels and their defenses were too big to go to jail you can't prosecute us because will crash the system well how can this country that defeated the nazis help defeat the nazis anyway be completely ineffectual in defeating the terrorists in the city of london how come they just lay down like dogs well i call that question max i agree with you independent money is the onset ok so by independent money you're saying there's a two hour play between banks and government then troll money they control the

price of money much power right and that is by moving all can create money right and so an independent money in your view and my view would be something like the gold gold silver the big cooling the commies the dollar the free speech pound all these things i'm up through that they mention but coin unfortunately at the very end of what we end our time i would love to talk about bitcoin yeah but we're going to say from the day of but i will mention that bitcoin is trading a new all time highs against the dollar and it is c cuz it doesn't have the problem of being manipulated by governments and by corrupt bankers it's free to trade and free to express itself as a free currency and doing quite well i wish i understood it better. it is a beautiful thing it is totally open source it is it is the ethos behind it is wonderful and long may success continue that said that i have a few but i don't have many because i don't entirely understand how it works yet ok

we're going to have to leave it there we'll talk about it call it another time thanks dominic president my pleasure and i'll be glad to talk about because it's on iraq all right and that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert i'd like to thank our guest dominick presby you can follow him on twitter dominic frisby if you'd like to contact us or you can e-mail us at kaiser reported r t t v dot are you are tweet us a kaiser report. by our. technology innovation. developments from around russia. the future covered.