lost faith in the value of bitcoin so you know they hold dread pirate roberts while out of bitcoin were something like one hundred twenty five million pounds in total between the two but they say that apparently the millions of dollars in between seized by the f.b.i. from ross albrecht and the first silk road currently stored in the set of online while it's appears to be on the move a source in the us justice department said that authorities have access to the old brick bit coin cache and may be selling it off for less volatile currencies in the next few weeks this is exactly how they run fed policy is that they don't actually know they're not going to sell it or they do sell it i'm a buyer i'll be willing to give them eighty million dollars today for their big coin cash f.b.i. we've got the money we're going to cut that check today please contact me we're a buyer we'll take your bit going but you won't be stung a bit going for the same reason you won't be selling any bonds over there at the federal reserve bank you talk about tapering you talk about having

a policy but you don't actually do anything this is the fed's equivalent of tapering we're going to good point position we're going to own one point position now it's like a map and if it does buy some it's like gordon brown selling all of britain's gold or sixty percent of britain gold at the worst price and decades if the f.b.i. decides to sell at this ridiculously low price because in the nine hundred to one thousand dollars level imo but our f.b.i. eighty million checked today will take every single bit coin you got well i think they're because concern trolling as well as they're just concerned trolling because it could be a currency war some rules are that china and the u.s. government are actually acquiring pick coin as part of their currency war against each other so it could be concern trolling china this week we don't know but the other thing as they give away something in this next quote the reason for selling is that the government has lost faith in the value of big corn and does not want to deal with the volatility of the currency is. they've lost faith it presumably means

they also had faith at one point well they never had faith in bitcoin there's some story circulating right now that the u.s. is waking up to the fact that the dollar is threatened by bitcoin the dollar is threatened by crypto currencies the dollar is threatened by the fact that china is buying bitcoin so the government of the united states is actually looking to buy big coin and this idea that they're selling but coin is a lie of course another big lie because they need the big going to offset what china is doing and china is acquiring bitcoin this is part of the currency war this is the chapter that jim records failed to cover in currency war or his new book the death of money i think it's go there's no chapter of bitcoin in that book either jim the currency war includes big point are you listening well it's another thing is because exorbitant privilege you mentioned that and this is in this headline regarding bitcoin congressional report warns a potential bitcoin threat to u.s. dollar a congressional report quietly released last month suggest that big claim could be

a threat to u.s. monetary policy and makes the case for continued central banking control the report called bitcoin questions answers an analysis of legal issues was published by the congressional research service and they warned that it could be a case where bitcoin does threaten the viability of the u.s. dollar this is a report written by by congress for congress it does threaten the primacy of the u.s. dollar and the federal reserve bank just like p.d.p. file swapping destroyed the recording industry and they are i am the m p a a had to resort to suing their own customers or the case of aaron swartz counting a guy till he killed himself this will be their only recourse is to threaten jail long term prison for people who use bitcoin but the cat's out of the bag people are already on the crypto freight train and they're moving away from the dollar they're moving away from central banking they're moving towards freedom because bitcoin better. there koin better because because because because because of all the

fabulous things you do over to the boob you're up to see the whizzer the wonderful wizard a bit going to toshi nakamoto created something that'll kill stupid central banks and all the people in europe like the e.c.b. in the bank you've got a mark already you're all. because of betterment now we mentioned at the top of the show that the f.b.i. holds all of these big coin wallets of the dread pirate roberts ross albrecht's and they're in the headline here f.b.i. admits it's not really about law enforcement anymore ignores lots of crimes to focus on creating fake terror plots so a couple years ago it was revealed that the f.b.i. noted in one of its counterterrorism training manuals that f.b.i. agents could quote bender suspend the law and impinge upon the freedoms of others which seems kind of odd for a government agency who claimed his primary function was law enforcement you think that playing by the rules would be kind of important however as judge hudson that

foreign policy is noted at some point last summer the f.b.i. quietly changed its backseat so that it no longer says that law enforcement its primary function replacing it with national security and here are a shot of the fact sheet before and after. my jockstrap much less hold good coin or any sense of law abiding. protocols that would make any sense given the fact that they are deeply involved at the n.s.a. and other organizations and mass surveillance and turning america into a police state look here's the here's the bottom line is that the f.b.i. by changing their mandate from prosecuting law offenders or the tremaine or saying no forcing law to enforcing national security quote unquote it just means that they give them the right to break the law for corporations national security agendas written by corporations and the energy policy written by energy companies the agricultural policy written by monsanto have the surveillance policy and prison

policy written by corrections corporate america so the f.b.i. serves those corporate masters now they can break any fricken law they want so they can serve their masters under the rubric of national security which is a fricken joke. that was an improper ending because i don't joke because joke. take that american semantic society. dialect society dialectic put up your darling pipe and smoke it because for good joke jim. so yes they are now no longer enforcing the law and we've kind of noticed that it was brought up in some by some journalists over the course of the financial collapse and here we turn to about specifically their reduction in the number of f.b.i. agents used to enforce the law against bankers the reductions in white collar crime investigations became obvious back in two thousand the f.b.i. sent prosecutors ten thousand cases that fell to

a paltry three thousand five hundred cases by two thousand and five had the f.b.i. continued investigating financial crimes at the same rate as it had before the terror attacks about two thousand more white collar criminals would be behind bars the report concluded. the white collar criminal investigators to work for j.p. morgan those are the people at j.p. morgan has hired former f.b.i. white collar criminal investigators to commit fraud for j.p. morgan who was involved in yet another scandal paying another huge multi-billion dollar fine for their complicity their engagement and their participation in the bernie made off scandal at they said you know what you know sure we lot of money for drug cartel sure we're participating in bernie made of scandal sure we help h.s.b.c. launder money and finance hezbollah it's no problem we'll pay the two billion dollar five because we made twenty billion dollars in profits it's a cost of doing business for us you chumps you f.b.i. and now works for us have been national security which means we just stuff our

pockets with all the money that's being grabbed out of people's bank account through baile lens starting in cyprus soon to come to the u.k. to to come to america because bale ends. well here you mentioned that they're the drug running and all the crime in the the breaking. law repeatedly by the likes of j.p. morgan h.s.b.c. and barclays in r.b.s. and deutsche bank in. general all about right well benefits street birmingham documentary criticized so there's been this channel four documentary here where they look at it in particular in the first episode the street in birmingham well these people are on benefits and the most shocking bit and people of the tabloid sort that would be outraged they noticed that it featured interviews with people who admitted cultivating drugs and stealing just like all are banks admitted to libel or raiding which is stealing because stealing because stealing. look if david

cameron is going to point to the big four bags of this country as say that they perform a vital function that they're beyond the law that they provide liquidity that their market makers that they're funding my reelection campaign and they are role models they just be as a she is a role model according to david cameron or barclays lloyds and r.b.s. if they are role models and r.b.s. just caught torching small to medium enterprises and stealing assets for pennies on the dollar call it through the two almost in a report that vince cable is aware of jamie cameras going to point to these kleptocrats these serial lawbreakers these larssen mystic duplicitous. sociopath psychopath and say those are our role models in society then you can't blame the people of birmingham for a living up acting out as the david cameron's role models david cameron's role model was the pope or somebody else then the people in birmingham might choose to

act differently but since david current which is all around interest b.c. who is funding hezbollah who's got suicide bombers killing big lot of patients there david cameron love suicide bombers let's kill everybody how do i move i'm over. and then he goes to burn. you know my so i don't steal that package go to jail young man. because but because. i think he's got to be the worst prime minister under your well finally somebody sent in a tweet this is sick britain won and they sent in their own version banker benefits street coming soon of course as we know they because steel because croaks because criminals because cameron lets them become because we've got to go. because by state ten for the second half because kim dotcom.

he survived the atrocities. to make a psychologist says she. has changed his life and the world around him. by giving. hope. and loves to so many children. nikolai the lyrics work on. if you. need. to construct. q don't want to be a bit give don't want to be gangstas you don't want to. deal with they don't

want to blow with the time that a kid came be we can see. you just heard is out isn't right in the hood. i don't want to die. i want to die young young eight. millions around the globe struggle with hunger each day. what if someone offers a lifetime food supply no charge. against g.m.o. and we think that. there

is no. evidence to this any problem with genetic engineering when you make a deal. is free cheese. free . is profit. these golden rice. welcome back to the kaiser report time now to go to new zealand and talk with the man who needs no introduction kim dot com kim welcome to the kaiser report at all makes nice to meet you are you getting a massage there looks like you're in if the president i mean my work so this is where i check my emails and stuff ok fair enough all right now kim dotcom you rang

in the new year with a tweet that said let's encrypt the internet in twenty fourteen what have you got cooking. well guys all appalled secure communications and secure file transfers because as we all know the n.s.a. and their fights partners are spying on us everywhere so america allows people to use encryption without having to know much about encryption it's all happening in the browser you can securely upload your files onto the cloud you can securely communicate we're working on a skype type the education that will be working within the browser fully encrypted point to point so that you can keep your communications private all right that you mentioned. we'll talk about more magonet and a second here but you mention the n.s.a. and of course your case overlaps this incredible reveal by edward snowden about what the n.s.a. has been up to about and spying on people invading their privacy and going back to

your case where there was a raid staged on your estate in new zealand that was pretty much put together you know if you connect the dots we can see the hand of the m.p.a. the motion picture association of america chris dodd who was also instrumental and according to eric schwartz is the father at the funeral there is force point the finger at the u.s. government and chris dodd so my question is my point is that your new initiative here meghan that seems to be responding to a market need that came became subtly visible in viable what is edward snowden n.s.a. revealed is that the way a planet or is just an excellent businessman or what's going on there. well first of all jobs yes of course the person behind the level off aggression in my case a former senator of thirty years best friend of joe biden who got the white house to put the full weight behind that action against me and my gop load so we had

a radio with two helicopters seventy two hour. i'm t. terrorists cops and tech dogs and things like that tony outrageous for a copyright case but on top of this they also use the n.s.a. prism system and spike law which is to spy on me and when you hear the u.s. government apologizing every day about how this is only being used to fight terrorism it's really quite a joke because they have used it in a copyright case for hollywood assam's like euro air doing a lot of things and talking about a lot of things that we first got wind from the f.s.f. john perry barlow and professor lawrence lessig of course work with our two arts just out of curiosity have you been sent your business now is so much been involved now at the copyright freedom movement and they have moved to no longer extend

copyright and to repeal copyright law have you been in touch with the f.-f. event a touch of dr with the professor lawrence lessig at all just quickly i'm just curious if you guys have had any contact at all when i have it you have fast as pot in our case they actually representing a mega opulent user who wants to have his state up back and there are millions of others waiting to have their data back and they're waiting for two years already so that you have to ask yes is in our court case lawrence you know it's of course one of the key figures in the intellectual a scene around internet freedom so he is in touch with us and you know it's wishing us good luck. i'm not against copyright though i'm i'm against copyright extremism you know i think people who create something they have a right to make money but it shouldn't overwrite innovation it shouldn't override things that make society function better and what hollywood is trying to do is they basically turn the internet into

a totally sensor and controlled. network to their liking and that is what i'm fighting against. it's right see is professor lawrence lessig star with what he's fighting against is what he calls perpetual copyright in other words there should be a point when copyright when intellectual property returns to the public domain and from where it comes and there needs to be some protection for that to protect the public domain let's talk about how the the snowden revelations and have blasted open the doors to hundreds of billions of dollars worth of deals of gone bust because the corporations around the world now realize that american technology is buggy and diseased with all this by technology so it's as if the american technology sector shooting itself in the in the head if you're in new zealand you have a view on asia where a lot of the backlash against this is it going to get filson what do you see from your vantage point is this true where american corporations are now losing out billions of dollars because of the overreach by the n.s.a.

camp that is so really dangerous development for the u.s. economy you know because every want to sway king up to all these american tech products being backdoor and web services being trojan nights and that is something that is going to lead to more and more countries governments and law school parishioners moving away from services that they have to deem untrustworthy and i think you know the effect that this is going to have with the next decade on the u.s. economy is going to be significant but this also a huge opportunity for other countries especially smaller companies to not enter into the tepee but do their own thing and a step in straws that op role in ovation pro technology that protects the internet that gif operators safe harbors so there's a huge opportunity here to cap off

a mess of slice off the internet economy from the u.s. government right you mention the t p p this is the lead. this trade the el can you talk a little bit about that for viewers who might not be familiar with it the t.p. is basically a. domination treaty for american corporations they want to control patents they want to control copyright they want to control medicine around the globe and it's funny that the m.p.a. it's actually drafting the. paragraphs and cite the t v p that have to do with copyright and it's basically a giant wish list of u.s. corporations what they want to have in the global economy and it's a very scary. treaty that i hope it's never going to come to fruition let's talk a little bit about mega net which is something you're working on now so how is it different than what's in use today and what can we expect from meghan that is it is

it coming at it in the pipeline as a coming so and talk a little bit about meghan that so magonet is a decentralized network that it's not ip based so you know it allows you to transfer data on a basically on a on a separates internet it's a new internet something that is outside the control off anyone who wants to control the internet and i've been thinking about this for you know two years since the raid happened and it's coming together so it's going to be a very nice way for people to use a new infrastructure that doesn't come with all these assholes and privacy intrusions that we have today the entire network will be fully encrypted and it's going to change the world. all right i'm sure well so far you've been very instrumental in bringing about all kinds of paradigm shifting technologies is very exciting and another development that came around during your period of

becoming famous around the world as well as edward snowden we also have at the same time the breakout of cryptocurrency is this is another interesting development in the field of encryption i you're very involved in encryption and here you have coined which is a crypto currency it's an encrypted currency we've exchanged emails a little bit about this in the past and i want to know what your current thinking is on crypto currency is and is there room for that in your plans going forward ken dot com well some very exciting developments you know it might lead to a wood currency it might lead to something that unifies the global transaction system so you know it's still in its early stages in its infancy and i think you know over the next decade it's going to grow to become one of the most important ways to to pay for things and transfer assets right so. that's a bit of a service i was hoping you might get

a little bit you know deeper into this in terms of as on the business side of what you're doing do you see a role for crypto currencies on the business side of the can dot com ventures going forward because it seems to play into a theme which is encryption and what can you give us any more thoughts on this or are you playing it close to the vest for competitive reasons i'm playing it shows with a chest you know i have some interesting things going in that space at mecca we accept the big bitcoin on day one all food long so you know i think that sent a clear message what my position is and we gots to this type of currency ok now. there is a crypto currency in new zealand that goes by the name of make a coin so for they are let the people go today definitively do you have anything to do with mega coins nothing at all ok fair enough let's talk

a little bit about the copyright again and file sharing and the whole business model has been completely disrupted by developments in technology so uploads to torrent sites were up fifty percent in twenty thirteen so despite all the efforts by the n.p.a. people are still going to torrent sites and it's still transforming the industry are they fighting a losing battle chris dodd on the m.p.a. alternately and it was what your thoughts on this what chris thought it's basically putting his hand into a giant river and is trying to stop it with a stand so that's never going to happen and it's never going to work they are spending a lot of energy and time and money on fighting something that they come defeat the only way they can defeat it is by adopting the. into the new reality by changing their business model to something that works and functions better with the internet world wide release of content on the same day pricing the content needs to work on

any device you know there are so many things that hollywood could do to improve their business model to be more compatible with the internet but they haven't really woken up to that yet. right they're very they're very slow to embrace the videotape but it came along ever they fought that tooth and nail eventually it expanded their business dramatically they were again necessarily on david days when they came a lot they're not keen on new technology if you know in the end they tend to expand what these companies do and their revenue is mixed but do you want to know why police it's this fund raising model that hollywood has they basically have a network of towers and license partners around the world so whenever they shoot a new movie they send the script around to all these licensing partners around the world and pitch that movie to them tell them who is the director and who are the actors and then they are raising the majority of the money that it costs to produce the movie from foreign licensing partners so their risk to invest into movies is

very minimal and it's basically a license to print money but the trade off is that these foreign license holders then own the license and of course you can do them any more say well we're doing a global release of this content because the license holders have their own interests they want to put it out in their market when they want they want to have a movie premiere they want to have the rights for that market and control it and that's why even if hollywood one tips today create a website we can just go and find any movie and stream it from any time free they couldn't do it because they have created the model that made that impossible right there pre-sales model is to mitigate their risk down to zero and the hollywood become run overrun by hedge fund managers who are in bed with bankers leave the same kind of tricks in the banking over to the intellectual property anyway kim dotcom or out of time but thanks so much for being on the kaiser report very nice

to be here thank you max for having me and that's going to do it for this edition of the kaiser report with me max keiser and stacy herbert i'd like to thank our guest cam dot com if you'd like to get in touch tweet us at kai. the report intellect. says sure what you're arguing for is that current should put that african identity and that national identity let me ask you a personal question i have a current first or an iraq and first i am a kurd first then i am iraqi i am not iraqi kurds because let me ask you that question i am from. you know i still remember the smell of the chemical weapons so what iraqi identity brought. to me the killings of people grace four thousand five hundred villages were destroyed.

what they're trying to do now is still another myth to us which is that one group of slightly less radical fundamentalists are now attacking the i.s.i. . and taking care of them who is the major supporter of these groups i mean they have to get money and arms and training from somewhere in the country that's been named so far in this program is saudi arabia what is their role in all this i think it's a little. misinterpretation of the i don't beef eyes the fact that saudi arabia for its own reasons with america. always in this. position because this. is preferring to try to.

get over the future with those groups. it's quite clear. if you. know opportunity. start to construct you're a. bit give don't want to meet gangsters you don't want to be. they don't want to blow a window turn a kid came be we can see. you just made them over there i was and i was in the hood. i said. i don't want to die i just really do not want to die young young.

i think that the fact that these weapons can fly semi autonomous leap for seven thousand miles to you know the locations we're unfortunately my military and the cia are attacking people in countries with which we are not at war to me is simply horrifying and as many you know already argue it's a violation of international law it's assassination i do not support assassination by my government period. right from the scene. of the first strike to you and i think pictures. on our reporters twitter. and instagram.

could be in the know. on. whether they're. innocent or guilty is not our job right here. uncaring merciless and shrouded in secrecy to tell them obey prison marks its twelfth anniversary with more than one hundred fifty inmates still held behind bars despite never being charged. they want a display place we can treat people however we want to whenever we want to take a look at the history of the facility as people across the u.s. join a protest demanding an end to the infamous prison. also the white house warns of the risk of a war with iraq lawmakers initiative to impose further sanctions goes through that's as the number of senators backing the controversial proposal doubles. former israeli prime.