economic downturns in the find that they. sank night and the rest of life became ill be a prickly. welcome to the kaiser report i'm max kaiser you know in a sermon this way pope francis suggested we tie cement shoes to the bank stairs and throw them into the river of course i paraphrase is exact words may have been slightly more nuanced but the gist was the same in my opinion meanwhile in vietnam . the former general director of agra bank financial faces the death penalty for embezzling five hundred thirty three billion don't. that's about twenty five

million dollars chopped up for the bangkok and also this week a former u.s. fed officials confess to complaining or committing some horrific deadly money printing sins many more dongs than five hundred thirty billion were embezzled from the american people according to andrew who are who admitted to a gruesome bond buying spree that had financially butchered main street america their bloated carcasses fed it gluttonous money changers and derivative devils on wall street i'm sorry said the repentant quantitative easer home. alas andrew the pope was spoken has spoken and he says harry's of london does a nice line of cement shoes the lovely maxwell the pope headline reads as follows pope francis corruption fury tie them to a rock and throw them in the sea he was talking about corrupt officials whether or not he was speaking about the church or government officials it's up open to interpretation but i think your cement shoe quote came from the king keiser version

of the bible right you know member over there goldman sachs you have the head of the c.e.o. saying he does god's work lloyd blankfein well probably the pope who is the god's bishop on earth begs to differ the nice say basically saying that lloyd blankfein should be thrown in to the river with a stone tied to his neck if these politicians and these governments are going to enforce justice then they want some vigilante old style just. instances of this type of vigilantism in the greater interest of the greater good by the greater being and that's why people like blankfein and jamie diamond according to the pope . funny that a majority of the book that's according to the king kaiser. he just sent to iraq to the next of the over the river. well and you hoss are confessions of a quantitative easing or was another headline and he's apologized to the american

pop. they should say the bond buying scheme the quantitative easing did not help main street and the fact that the fed continues to push this line that it's helping main street when he realized after years of bond buying for on behalf of the fed he realized that in fact it was only helping wall street now he knows that the fed may have created and spent over four trillion dollars for a total return of as little as point two five percent of g.d.p. i.e. a mere forty billion dollar bump in u.s. economic output for four trillion dollars well this is gets back to what we were saying last week eighteen billion dollars of debt for a one dollar g.d.p. or trillions of dollars of quantitative easing for a minuscule amount of g.d.p. being as it were and so this is the mathematics of the economics just simply don't add up and as we've been saying on the show for years the quantitative easing programs are purely meant to bail out banks or as and to keep solvent banks that

should be declared insolvent and to keep whole bankers that should be what's the word vivisected i mean you don't want to allow in this section of banks like jamie diamond and lloyd blankfein to comply with the greater good as exemplified by the bishop on earth there are pope francis the other thing he points out is that. state of easing of course did help wall street because the banking shares are up triple but also just point two percent of banks now control more than seventy percent of u.s. bank assets one of the too big to fail banks even bigger the mergers and acquisitions in that space accelerated using free money at zero percent interest for the banks and you end up with this financial apartheid i'd like to see the pope francis come out against financial apartheid where you have low interest rates for those who are committing fraud and high interest rates or somebody who's trying to work for

a living or save money for a living that's a fine. the apartheid wall driven by interest rates worst pope francis on this pope i know you're not a dope so see if you can do something more than just scrub yourself with soap say something about this quantitative easing has not only helped wall street according to the city am today in the u.k. one point six trillion the shocking amount the governments have gained from quantitative easing this is for the u.s. u.k. and euro zone zone governments they say one point six trillion in debt servicing fees but who has lost out the big losers they point out households have lost six hundred thirty billion in interest payments on their savings and pensions and foreign investors in bonds have lost seven hundred ten billion and they also say that the biggest loser of all has been insurance industry the life insurance industry and that if quantitative easing continues for much longer they actually may be put out of business we made that point before artificially low interest

rates threatens the insurance industry they need at least a four or five percent return on their capital to keep the insurance industry viable by artificially keeping race near zero you're putting the entire insurance industry out of business potentially which eliminates all pretense of having a thing like private property private property is based on having the insurance to cover the private property and we said in the u.k. that several hundred billion pounds was ripped out of the bank accounts of savers and workers and put into the bank accounts of speculators and financial terrorists and now city am the conservative newspaper here in the u.k. is confirming that the u.k. the u.s. and europe have ripped one point six trillion dollars this comes when people are suffering austerity it's because one point six trillion dollars according to city am was ripped out of their bank accounts and given to suicide bankers with derivatives strapped to their vest do you know derivative vest that explode it with financial weapons of mass financial destruct. thanks to guys like mark carney janet

yellen ben bernanke one point six trillion in financial explosives exploded in the face of people all over these confidence and now they're a lot poorer for it is getting worse that's the problem see you have and you house are who used to be a fed officials doing the bond buying schemes for the fed and he's saying that this is a disaster for main street but when you see the amount of money the governments are making and then they become addicted to it just like saudi arabia becomes addicted to high oil prices they cannot suffer any oil prices lower than eighty because of all their schemes that they've built based on hundred dollar oil so the same thing here is like can we ever. get rid of this and i think the tweet that went around the world the image that went around the world was this is a picture of the u.k. prime minister calling for a permanent culture of a stare r.t. seriously look at the photo of course he said this in total splendor surrounded by

gold chairs and gold goblets and here is a picture of his audience as you see everybody looks resplendent in their finery and he was calling right there for a permanent culture of austerity what he really means is this permanent culture of zero percent interest rates when cameron is the london whale and i think that picture this guy this guy who's our. former f.o. mc participant is now blowing the whistle on the central banking system he's doing it tony blair remember after tony blair murdered by some estimates by the lancet a million innocent iraqis he went to jesus became a catholic he went to the pope and said i'm ready to join jesus didn't please absolve me for my money genocide that was tony blair's appeal to the pope now this guy who wants to say the same thing i was produced of putting in one point six trillion dollars worth of financial terrorism and i'm good or people when i was at the federal open market committee would jesus have me now pope pope will you would

jesus have gone down and the pope was saying hey guess what according to the bible you should stop a rock of your neck and jump in the river and go down and swim with the fishes because you're a sinful guilty. again you paraphrase of course with the post you go oh you gentle documents over the vatican which i've seen these saying don't be pleasant for. also in the news this week was mark carney the head of the bank of england here and he said house price rises are actually just reflection of people's expectations of higher wages in future utter bollocks says nick trace of course we know that's not true because for forty months straight incomes in. the u.k. has been declining after inflation which is running at two point seven percent or two point two percent now. wages were up point seven percent so i see they're losing out to inflation mark carney is. just one highs basically lies

he's full of lies he's saying that house prices are going up because people expect house prices to go up he doesn't mention the fact that he's running the bank of england printing press and full tilt that he wants to take back assets from forty percent of g.d.p. to ninety percent of g.d.p. that he's in league with the terrorists ok i hate to be labor the point but if you look up financial terrorists in the dictionary there was a picture of mark frick and carney with a hockey puck stuck to his forehead and a big you know kill bossa you know dangling from his lip or whatever it is they eat up there in canada maple sugar what is it up there well gunja well yeah he says that british people expect to have their wages to increase not just their house prices now all of this stuff is what do you say they expect a wages to increase theirs and. to heat there's no basis to expect their wages to increase it's like you just said about saudi arabia so you arabia if they

want the wages to increase for people living in saudi arabia they put more oil just make their wages in saudi arabia go up you know if if more crony pumps more money in the bank of england wages don't go up because there's no connection there's no connection you go the hospital buddy you just put your brain surgery because that whatever that took was that server to server build in such a way as you kid even think straight well speaking of oil we're also going to connect to the back door at the end your house i says was provided a back door bell out to wall street there are of course back doors installed throughout the internet and member we have all this and. safe spying well connected to this permanent austerity for the peasants and a large us for the top australian spy agency helped h.p. negotiate trade deals b.h.p. billiton is of course the largest resource company in the world they produce all sorts of minerals resources or oil b.h.p.

was among the companies helped by australian spy agencies as they no go she did trade deals with japan a former australian secret intelligence service officer said they also spoke to a diplomat former diplomat for australia professor gregory clarke and he confirms that business information is a main target for intelligence agencies the targeting is also highly corrupting since the information could be passed on selectively to cooperative firms often firms that provide employment and cover for spy operatives means the world's population is overrun with crocs spies banking terrorist and corporate espionage fools right so. who cares if a few thousand of them blow up on any given day ok stays there were thanks much bring on the kaiser report this is going to time to go i'm going to go check out those cement shoes areas of london i think you'd like find a pair of cement shoes like that all right stay tuned for the second half

a lot more. exactly what happened there i don't know but a woman killed. piers lakers when i got arrested for. her crime or did not do. we have numerous cases were police officers lie about polygraph results. people to consent to the police officers don't beat people anymore but it just doesn't happen really. in the course of interrogation why because there's been this is like men. because the psychological techniques are more effective in obtaining confessions than physical abuse they were off taking they could get what they wanted they can say what they wanted and there was no evidence of what they did or what they said.

welcome back to the kaiser report imax kaiser time now to go to new york and speak with one of the quote fifteen most dangerous people in the world according to one survey mr cody wilson he's the founder and director of defense distributed a nonprofit organization that develops and publish as open source gun design so-called wiki weapons suitable for three d. printing the firm became internationally known and twenty thirteen when it published the plans for the liberate are a functioning pistol that could be reproduced with a three d. printer cody welcome to the kaiser report axis pleasure man it's been a while i look forward to this i'd like to yes great to have you on cody wilson you're famous for the liberator of course but now you are seeking crowd funding for

your next project dark wallet relating to the big going space tell us about dark wallet. so dark what would be a thin thin wall that would run in the browser as a browser extension and then also it would basically include another layer of security basically protections and protocols that don't really exist in current while it's among the most prominently where we're advocating for what we're calling trust this mixing just basically another layer financial privacy. and security to the people can't really see what you're doing with your because transactions ok let me jump in right there because we're jumping right into a pretty technical space there so let's try to unpack this a little bit so first of all in the bit going space there are several divisions of labor so-called in the space you've got the bitcoin miners you've got the big going transact there's a merchant processors and then you've got these bitcoin wallets

a peep this is where people store their bitcoins they've either acquired them through an exchange or they've mind them so you guys are you in a mere tacky over there at dark wallet. you've come up with a wallet that you feel is going to be a million from any kind of prying eyes or it's a safer wallet he's got what is a thin wall to describe what a thin wallet means finney's that basically another set of servers and a block chain so our client wouldn't you want to have to wait for the entire block chain to download or blocks and to be downloaded every time between transactions you just do big point so we imagine a more fluid and basically you know kind of encapsulated user experience where you're not really there's no interference with processing of the outside you know rest of the protocol you're just doing because one and other servers are handling the rest experience kind of under the hood or behind the scenes ok so this will take care of one problem i've heard about. it's up

a lot of processing speed on your computer so this thin wallet so-called would give you that will solve that problem imagine something else there about co-mingling funds or comingling bitcoin and this is a very important issue because bitcoins are each one is essentially number say and therefore it will buy it by making these coins mingled in a pool as part of the transaction you have engineer another layer of anonymity correct that's right basically that it's kind of a tactical thing right group to make it more difficult to forensically investigate . you know the certain routes or transactions or to make more difficult to triangulate who's spinning what where it's going so we're mixing deterministic wallets where every every single transaction you use comes from a new address with a certain concept that mixes that with other people's address addresses from just maybe a trusted address book you have in a virtual lobby structure i don't mean to make it sound complicated but it's another way of doing. it because mixing which is really talked about or coined

joined which is talked about quite a bit but the proof of concept this year so we're really eager to integrate it into this while ok so now of course you're known originally for the three d. gun the wiki weapons as they're called and now you're into this new bitcoin wallet and of course your funding this project over another innovation which is crowdfunding there's a project up on line so you're really cody living in a i try fecht disruptive technologies as really remarkable i think you are the citizen of the future perhaps but your crowd funding this project tell us about that oh i don't like to use that word anymore it's become you know just a piece of advertisement used by you know hollywood liberals and everybody knows destruction you know well whatever you know you'll come call me if it's disruptive right like with a gun but yeah yeah we see basically this whole stable of technologies look at how the kind of enable relatively weak. and in small marginal groups of people to

affect their dreams or implement their strategies and put them into the world you know through the internet so i guess i don't know if you can really say it's intentional but yeah we did three d. printing pretty big points by way of i've been a big question through this for a while now where we see opportunities now we see that we have the leverage and perhaps the visibility to do our projects and acquired acquire the money just just recently just yesterday i told it up and we've raised our complete goal for the funding of dog while we've raised about fifty thousand dollars they point appreciation help to that but i mean look i had that campaign up for maybe ten days and we raise all the money all right now let's talk a little bit about some of the political implications and philosophical implications of all this year innovation and the invention here with dark wallet and what the liberate are is putting you into into practice what your ideal economic world looks like. can you elaborate on what you hope dark wallet and big

coin are able to do to alter or a factor influence the current u.s. financial system there's a political head for this cody tell us about it and how that works. so we have if you know anything about me that's what makes me most here in are you know this kind of phrase that there is this political and ideological division but more specifically in big quintet now there's a kind of continual disavowal or even the trustees of big going in a sense right at this foundation kind of maintaining this distance from what the practice is that they're actually carrying out i mean if you're the lead engine here for a crypto currency right suppose she's crypto currency and you constantly disavow some of it's like fundamental anarchists you know tendencies there's a there's a difficulty in exactly a kind of a gradient of the fear that people are worried about so we've entered a space of to draw a line in the sand to set a kind of ruin or corrupt some of the more mainstream messaging that we're starting to see from these big when it's for nerds and other people we want to say look big queen would be. this this tool for anonymity is kind of permanent gadfly on the

financial or current financial superstructure and it won't it's not just like generally go it to some of these guys. transaction costs it's great for banks to buy oh it's good for everybody you know there will be fundamental differences and divisions and there's no way to avoid the conflict and we're here to kind of force the conflict we think because it is fundamentally subversive right so going back to the origins of bed calling the manifesto if you will of some of the original comments made by the entities that toshi not come up to who is either an individual or group of individuals responsible for the bitcoin protocol we know that they did leave behind some comments saying that they were upset or they had a huge issue with how the banking system worked how the economy would work that this was meant to bring in a new way of organizing an economy a new currency a new crypto currency and of course going back three years four years ago this was dominated by guess what you could call almost

a crypto punk community i mean deep hacker community very small very dedicated and they consider themselves i guess you could say to be purists whereas now three years later you have more of a commercial side of bitcoin going on and you have the bitcoin foundation which is really the public face now a bit coin is this split between the purists and maybe you can just describe to me what more would intel being a purist is and the split with the more commercial side can you two guys entities living can can you co-exist is there going to be any kind of a growing rift or is it just basically going to go down two parallel paths cody wilson or thoughts you know i think we your description is of course may be good valid right i think we'll of course the two to mentality should exist but one has tremendously more visibility restored. and maybe it will always be that way this is

the story of the adoption of technology right it's kind of taken from a group of early adopters with a more you know communal and committed sense and then it's adopted and anyone can enter the space and it can be for them what they want to do i want to be kind of clear about this i'm not trying to say no because it must be this thing and we want to take it away i'm really more interested in complicating the messaging as you might be aware there's a there's going to be some senate hearings on the eighteenth ballot well what are we going to do about this because one thing you know because the superpower is concerned and and i'm just i don't want there to be this kind of parade of the usual suspects saying well you know as someone who's we can preserve certain things to the united states this is a beneficial technology no no i really want to destroy in kind of corrupts this just this constant inertia sort of collage and encapsulation of these technologies it's ok to be eager for a subversive technology to challenge everything that you see and i think that our message has less and less visibility just like in the other day a coin based guy and some of the guys are in the times they just wiped the silk

road off the map you know and and it just seems that there's this narrative about all of these we think more interesting stories are kind of they're not getting the visibility that it is or i think because it means a thousand soap roads right there will always be the big point foundation of these interesting commercial players but i think there will always also be these incredible black markets and the rise of the dark web and we really have no visibility. now quality over the even just in the last three months there's been a remarkable sea change and we saw it with the revelations by edward snowden who was able to blow the west's all and what the n.s.a. is doing and with what you're doing there with dark wallet and of course with your the liberator which is the download of all three d. printed gun we also see it overlapping in new zealand with kim dotcom and his struggle to break free of the m.p.a. and and other copyright cartel in america the single word that ties all those

things together is encryption suddenly people understand that encryption is possibly the last defense against a total dictatorial surveillance police state your thoughts yes and i even our campaign page described it very much the same way encryption or anonymity as a human capacity is one of the only tools left in our kind of hyper modern moment when the only one really implements left in the doing league eriksson's of liberty i believe that's how i describe it if you can't maintain it and anybody has just a capacity right not even the illusion of privacy then there are no such things really in the end in this architecture of the press and. consent of the governed you know you're just a population you just of an individual population being herded around led like a you know bull with a ring in your nose is a really dark times in essence but at the same time we can focus on what's left and really bolster it so there's all these these new tools like him what's coming out from from the pirate bay guys secure messaging more secure e-mail projects and

they're being crowd funded so it's like you said there were there is a sea change the public has shifted its opinion about this it's amazing what stone was able to do so we're going to ride this wave of anxiety and hopefully produce tools as a kind of fanfare for the common man if you want to have anonymity and financial freedom of speech tools like the dark wall that will be there for you and god willing. you know we can preserve ourselves into the next century like that phrase to the fanfare of the common man you know this is really a time in history where very few people are standing up for the interests of the commonwealth or the common men and i i think back just a few months ago was what happened with eric schwartz who was very much fighting for the interest of the public domain the interest of the common man and he was hounded to death by the m.p.a. eventually killed himself as a result there as a spa there indicated by the hounding from the m.p.a. or the government but anyway cody wilson thanks so much for being on the kaiser

pork great to see you yeah thanks so much that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert i like to thank our guests cody wilson who is crowdfunding dark while you can still contribute to that campaign the more you give the better it is i guess with your bitcoins if you'd like to get in touch with us tweet us at kaiser report until the next time backscatter sign bio. dot com is launching a special project to mark the appalling scale of violence in iraq. we want you to

know. sort of on june sixteenth now. forty one we had a graduation party at school and the war broke out. the shops were always full of goods. in september grad was blocked. one day mom went and saw that all the shelves were empty. in november the. warehouses it was the main storage place for all the food in the city people eating the earth because it had small traces of sugar in it i tried to eat it as well but i couldn't. move. incredibly heavy bombing.

it was a direct hit on that very shelter and everyone was buried underneath. all of them.

this is our take deadlines for elimination of syria's chemical weapons are said before. you can destroy the toxic stuff proving far more challenging than expected . a warning from list. ten years behind bars after breaking into a private company spying database revealed was keeping an eye on human rights activists nationwide. and. promised to return all evacuees to their homes despite alarming radiation outside the exclusion zone. close to the average level of the. zone only with one exception the place where i'm at right now more than ten thousand people are currently living.