the future of coverage wealthy british science it's time to. go to. market why not. find out what's really happening to the global economy with mike's cancer or a no holds barred look at the global financial headlines tune into kinds of reports on. the the. new i'm out in martin and this is breaking in the set yesterday the world lost a legendary man pete seeger was a folk musician who produced over one hundred records with hit singles such as where of all the flowers gone and guantanamera but seeger was also an extremely

influential activist advocated for issues ranging from workers' rights to environmental conservation he was certainly a radical especially for the one nine hundred fifty s. when he openly oppose mccarthy's witch hunt against communism he was even thrown in jail for a year when subpoenaed by the house un-american activities committee in the sixty's continued to advance multiple progressive movements and helped popularize the civil rights and then we shall overcome so as we say goodbye to a true american legend or a number people figure not only for his music prefers courage to defend and resist now let's break the sets. the really the teams. are very hard to take. to get. their act that are there the.

separation of church and state is a notion ingrained into the minds of nearly every us citizen with a cursory knowledge of american history although this exact phrase does not appear in the constitution the language of the first and fourth amendments makes it crystal clear that government cannot force public officials to support a specific church nor make any laws regarding the establishment of an official religion with this in mind what happened recently in a public school and with the ana should concern religious atheist and agnostic

citizens alike last week the a.c.l.u. filed a lawsuit against a neg high school for threatening a student to change his buddhist beliefs in order to conform with a curriculum that promotes creationism instead of evolution according to the lawsuit six grade teacher read a roark gave her students a test with this exact question is it to mazie in what the blank has. the correct answer though ward yes because it's been written in what appears to be a year to control language i think it's safe to say that the question promotes a certain subjective agenda. the boy in the lawsuit only identified as c.c. to protect his identity unfortunately got this one wrong because as a buddhist he said he didn't believe in god miss work allegedly responded by saying you're stupid if you don't believe in god and also describe both buddhism and hinduism as stupid now if you think this is just about

a road teacher promoting her own belief system on national children think again because what happened next demonstrates louisiana's advocacy and codification of this type of teaching and taxpayer funded schools after the incident cc's parents confronted the parish superintendent. and expressed their concerns about how their son had been treated barb allegedly responded by telling them that this is the bible belt and they shouldn't be offended to see god here don't worry is a private solutions oriented educator she also had some turmeric hearns of advice for the child's parents either change your face or or transfer to another school where there are quote more asians wow call me racist but talk call me subtle unfortunately this kind of ideological warfare in america's children is not unique to the by state along with louisiana tennessee also permits public school teachers to teach quote alternatives to evolution on the taxpayer dime and texas more than

seventeen thousand students are enrolled in one public charter system which provides a biology textbook that states and i mean you know i didn't god created the heavens and the earth. where i heard that phrase before yes under the context of biology schools teaching women that they came from a man's rib listen it's one thing to teach religion to children in a religious studies class but it's another thing entirely to promote divine intervention as fact and a public school biology class. this is the kind of thing we argued about back in one thousand twenty five when teaching evolution was considered a violation of state law. that was eighty nine years ago do you think it's time we evolve.

the rise of genetically modified crops has ushered in countless legal battles between farmers and the ag giant monsanto while monsanto holds patents on crop seeds all around the world it's nearly impossible to contain the spread of these plants it's because of this that g.m.o. is often cross pollinate with neighboring farms and when this happens monsanto often sues the farmer for patent infringement take the case of australian farmer steve marsh who lost his organic certification after g.m. scenes from his neighbor's farm contaminated his all were ghana crops but because fighting monsanto would be a losing battle marsh is trying to different approach he's suing his neighbor instead the trial is expected to be a landmark case that could determine the rights of all farmers seeking protection against g.m. contamination to talk about the president this case will set good or bad i spoke earlier to scott kinnear who's leaving the campaign for steve marsh and he's the director of the safeword foundation i first ask scott to explain the importance of

maintaining organic standards. illegally passionately organic agriculture and more importantly for people who might not be familiar it's really biological agriculture so it's working with the soils church able to man plant and of course that's the optimum food that we should be eighty he actually future and he was a good income from that. and he had it ripped away from him by this contamination into the eighty's which very hard to claim he's from to try and get the certification back and in presumably he will start from you get organically in the meantime he's lost hundreds of thousands of dollars and that's what the city feature a cab really cool but more importantly it's a case for it on principle it's about who's going to pay for the cost of contamination of genetically modified crops on normal g.m. and organic crops and where is that responsibility going to law way believe it should be with the genetically modified industry and. suffering at the plight of

germination the organic industry or the known gene industry why take the farmer to court and not monsanto. look very good question it's the it's the last thing that steve or the way you want to do. is something that is very unpleasant it's destructive this community it's torn the community apart i think it's a failure of legislation suffice to say that in this particular case the other side the other families being well supported by a pro g.m. lobby group so it is a case on principle we don't think this will live in the floodgates for litigation farmer against farmer that's not going to happen it's too expensive it's multi multi millions of dollars it's got its farmers don't have that sort of money it's really about setting a price or knitting more you know astray and using on and it will drive the development of will round the world and it will raise the issue as it sure did in the public consciousness about do we want to have the right to a g.m.

free food do we want to have that choice because if we don't have this principle and strong minded will then we will ultimately lose that right now i know there's a lot of contamination in north america here in canada we certainly don't want to see that happen in australia and we're fighting very hard to stop it and of course europe is fighting very hard to stop that as well let's get a legal president on one side and yeah i mean it's a hard situation because i don't blame the g.m. farmers i mean what i want to do build adele most of their crops i mean it's a tough one you mention the jam lobby being involved how are they getting involved with this case. well they've started a fighting fun through a farm a group approached him from a group in western australia and you make a very good point about the difficulty food genetically modified farmers they they have a right to enter leaving that using a technology that's been approved by the government and i should say that we don't approve of the regulatory system we think the regulatory system is a failure and we in fact will not shout if they receive calls from jim. gropes it

really is designed to protect the g.m. industry but the gene fama can do more to stop contamination there and i bought zines and we'd like to see buffer zones established and that would do an enormous amount to stop in time and i should and in this particular instance we can all it would have made and more an enormous difference as well but poland flour is the other main problem for can all it to can all up jane can all its non-game can all up and we know from research that that is enormously reduced by having reasonable buffer zone compliance as it stands australia is governed provides no legal protection for farmers against contamination what president would have said if he wins and australia and also what about internationally. would set a very important precision in australia and that preceded it would be about shifting that responsibility you would make the very clear around the facts of g.m. so we have very good common laurence tribe around negligence hughson so that's very much establishing that all neighbors have go to judy of kid to each other and

around the facts of g.m. this case would establish that there are reasonable steps that jim families must try to ensure that they don't breach that duty of care that they don't have an enabler inside this case which said that president and for example a non g.m. farmer would simply be able to go in a taste for example or riot sod or any sort of area of land near they found that could cause contamination of their farm and then ask the adjacent neighbor to either push back where that james and all that was or if it was a road side to clean up that jim and all on the right side of the it will remove that source of contamination it's going to unequivocally push back that responsibility onto the g.m. industry which is where it should lie other countries around the world it was stablished for example spying have established compensation plans paid for by the gaming industry we would like to see something like that established in stride and in many other countries around the world. this country is so terrified of monsanto

that states can't even pass laws that their constituents vote for to label these foods i mean this is how much power the industry has in this country the converse play though if this case is the last would it mean that farmers would never be able to seek damages or protect their organic certification in the future i mean would it be that the president sat on the wrong way. very much would be and if steve had not taken the case then ultimately the organic a distributor would have continued to have to decertify farms that have contamination the most founds would losing would drop out of the system and we would have that right to eat organic and why and so why do you think he's critical if we do lose it makes a case in the court of public opinion for us to have the legislation challenge to for us to have compensation fund established and for us to get now all titians to put in place legislation that in fact can impose papa's ons can impose reasonable

slamming practices on the game industry the public consciousness is rising and certainly doesn't want to chairman of the food supply so i think there's a very good prices if loses to china to the rules and ultimately achieve our objective that why it would take a lot more time and a lot more money and a lot more pain and suffering we've already been through what would be a very sort of a lot is like i'm sure you know all the fights definitely not ending with this case but i'm glad the case is happening it's definitely an issue that is deep in the public spotlight safe food foundation setting up a fund raiser on behalf of steve everyone check it out thank you so much scott kinnear director safe and foundation for coming on breaking it down. thanks so much abbi for your interest in this. coming up a break a thought on the world's most popular digital currency that quite.

gentle and i guess you almost. it will. reduce you even a few hundred a day come across it honestly. i'm going to go get them but we've got people coming in that are littered with criminals we got people from who knows where in the world this is the united states i'm very tough by the way you go to sure but i was worried that they may not know why they live on mars you know mars. so we pick up things like. turbans prayer rugs so when we know they do they're coming from the middle east it's a concentration camp. concentration camp. we've got it hasn't the white house has not even one of the disclosed the fact that. a stranger.

crosstalk rules in effect that means you can jump in anytime you want. the.

understanding the way markets work can be difficult for a nuanced approaches like these centralization and crypto currencies and things can seem even more complicated and while notions like digital black markets and national currencies may have seemed futuristic only a few years ago today peer to peer anonymous exchanges like big coin is allowing pioneer in an entirely new way for the global community to think about financial systems knowing how cutting edge but coin is it having such a little understanding of how it actually works i decided to speak to andreas antonopoulos founder of are eleven and co-host of let's talk a bit coin i first asked him to break down exactly how big quinn works and why it's so important a decentralized system of money. between that first glances digital money but if you look a bit deeper you realize that that is just one of the applications enabled by an underlying network that allows a distributed system of computers to build

a global assets ledger so like a list of transactions for the entire world to chose who will and swap equipment when and that's based on a really fundamental invention that allows computers to coordinate in that way without a central authority and the thing is the central authorities and money traditionally are used as leverage of power either to inflate the currency and cause it to lose value which is essentially a form of confiscation or hidden taxation when your savings accounts depletes in its purchasing power because the central government is printing money to finance its own activities so you know the idea of a decentralized currency is is important because it removes those leaders of power the people can exploit to corrupt the currency so in this global network everything runs based on simple mathematical rules fixed number of coins are issued every ten minutes and that amount decreases over time so that eventually only twenty one

million bit coins will be issued and that creates a fixed monetary supply which has some interesting characteristics from an economic perspective and all of this is done simply by consensus it's impossible to cheat the system because once you've done the work it's in your interest to actually get the system rewards rather than try to cheat the system can you elaborate on how centralized systems don't exist in nature sure so presents a decentralized system and decentralized systems are usually the way nature organizes things so in nature you don't see hierarchical systems very much in fact usually what you see is these loosely coupled decentralized systems that create emergence and complex behavior based on some. very simple rules repeated by thousands of members a perfect example of that is an ad colony like the leaf cutter ants where individual members are extremely simple organisms you can even simulate a single ant on

a computer but you put several hundreds of thousands or even millions of ants together into a colony and they exhibit incredibly complex behavior that leave colorado for example farms aphids as a farm species like a domesticated species the way we farm cattle and that's an incredibly complex sophisticated behavior but it doesn't exist in any of the individual members it's something that emerges from the complex interaction of simple rules because when is a system that exhibits extremely complex emergent behavior but it's based on a few very simple rules that are followed by all of the barbers of the network someone who sits atop of the hierarchal system as c.e.o. of j.p. morgan chase jamie dimon he recently denounced to coin predicting that it's going to fail right now because it is still an experimental phase similar to what the internet was in the early ninety's what's your response in diamonds prediction. it's very difficult for people who have lived their entire life in a hierarchical system especially at the top of a hierarchical system and gain the benefits that come from that including the

ability to exhibit rent seeking behaviors and to avoid prosecution for fraud that would put other people in jail a long time ago and then be able to sit down and have a buddy buddy conversation with the secretary of treasury without anyone blinking an eye when they sit down and discuss competitive technologies and chuckle about them i don't think jamie dimon really understands bitcoin but that's not surprising it's not his role to understand the competing technologies because really he's in such a comfortable position whereby he can just receive seventy billion dollars of free money from the fed in the form of corporate welfare and doesn't have to compete and you see this across the financial services industry work competition is stagnant really they compete on who can financial wise a derivative to exploit the market better or who can frontrunner frontrunners sales and stock transactions on a high frequency trading network but in terms of consumer innovation very little has happened in the last fifty years speaking of u.s.

treasury secretary jack lew recently said that bitcoin gives individuals a place to hide and allow for the funding of terrorist activities what's your response especially in light of the two new york executives who were just charged with conspiracy to commit many money laundering excuse me by selling over one million dollars and declines to the black market websites all grown well because it actually offers a scale of anonymity to full disclosure of identity on bitcoin it's actually harder to do strong anonymity whereas it's easier to do strong transparency one of the things we've seen in that they quite network has the ability for charities and her public responsibility organizations or publicly accountable organizations to operate an open set of accounts and open books where everyone can see exactly what's. so if you want you can use bitcoin to deliver extreme fairness and transparency and so far there doesn't seem to be any indication that law enforcement organizations have any trouble tracking town

transactions on paid coin using old fashioned police activities i think in fact bitcoin is far more transparent than our current financial system if you ask for example economists they have no idea what the full size of the hedge fund market is or what the full size of leveraged debt is because no one knows a lot of this happens on closed markets where there's no accountability while the price of bitcoin fluctuates day to day right now on one bitcoin cost seven hundred seventy six dollars how can this currency become accessible to someone who isn't willing to spend a small fortune on an unstable investment. so i think it's important to recognize that. one bitcoin is not necessarily the unit you buy just like for example at the moment it's probably about forty five thousand dollars to buy a bar of gold no one goes out and buys a whole bar of gold when they want to invest in gold what they buy is

a fraction of it and you can buy a fraction of a bit coin you can buy as little as ten dollars on the markets i buy every week and i often buy as little as ten or twenty dollars in order to increase my investments and bitcoin so it's very easy to add to the markets and one of the easiest ways is to use a site like local biquad stockholm to find someone in your area who is willing to sell you a small amount of bitcoin for cash in a safe transaction with a full escrow capability so you can get cheated in a public place a park or starbucks and you can buy some bitcoin or you can take a product or service that you can offer and sell it to people for bitcoin that's also very easy to do so the market is much more accessible than think people think but a lot of the friction is really at the edges and it's caused by the regulators who are stomping on the whole of the exchanges not providing a lot of clarity in the regulation and making a very difficult for. people to transact between currencies once you're in the bitcoin system things become surprisingly fast and fluid an easy to use and so that

actually ends up revealing the difficulties and complexities of dealing with old style currencies do you worry that decline will be like any other bubble and crash eventually and if so will other digital currency through the void well the price has collapsed for types already so you know bubbles tend to inflate once and then kolob spectacularly they don't tend to go up in price and when they have a setback bounce back again just a few months later that is not the usual behavior of a bubble because it has already had four major crashes word quickly recovered regaining its old price and then exceeding it quite dramatically you have to realize that because right now at ten billion dollars sounds like a big issues tech stock but is actually a puny tiny little currency and in terms of a currency that is of very small pool of the quiddity so every time someone sneezes in the media about bitcoin all of the teachers sloshes around and you get these

price fluctuations what we've seen is that over time the volatility is decreasing quite dramatically as the volume increases as more and more businesses invest in bitcoin as more and more people like me who earn their income a hundred for cents and because when you use it for day to day spending the price becomes more and more stable over time i don't think volatility is going to be a big problem meantime while people don't see in the background is hundreds and hundreds of startups that have significant in the innovation that are being invested in by mainstream investors and that are creating thousands of jobs right now so big queen is a little island of growth and jobs an opportunity and innovation in a sea of stagnant economy like conditions across europe and across the world and across the u.s. i think because. it has tremendous potential because if you look behind the price of the currency which can swing quite wildly the technology itself is truly

revolutionary and disruptive and it has all of this potential for so many innovations in the financial services industry which frankly hasn't moved far beyond the one nine hundred fifty s. technologies like credit cards. is being used right now by thousands of people but is this type of currency really feasible unsustainable for the entire planet to use . i think that's an easy question to answer because it is already working globally bitcoin isn't one hundred ninety fourth national currency it's the first transnational currency and sitting here today i pull out my smartphone and pay my subcontractor in bangalore india and they will receive payment in a few seconds i'll pay forty cents to send it they will have to pay nothing to receive it who will be in their smartphone pickling accounts instantly and kind of power can breath aleutian eyes global trade it can revolutionize services and most importantly can start affecting some of the most exploitative markets in the world the remittances market where every here companies like western union extract

seventy four billion dollars from the poorest people on the planet just to send money home and we have the opportunity of rebooting those flows of money and allowing migrants immigrant workers in this country to send money home or in other countries forced to send money home to their relatives without paying thirty percent or sometimes even forty percent and the poor of the country the higher the feet so there are so many opportunities in the current financial environment not just for innovation but for flattening the fees that are paying for risks introduced by a lack of technology in the existing industry well this movement of decentralizing technology is making people rethink a lot of things that are government in the way the world works how do decentralized systems fit in to the world today decentralized systems allow you to operate at large scale. and achieve consensus so it used to be for example that media organisations could only work if you had one large national newspaper and it

filtered all views until only a trickle of information reached an audience and it was carefully vetted and we've moved past that with the internet and created opportunities for more people to have a force because the problems of scale that centralized media solved no longer exist in a world of ubiquitous communication so decentralized systems can consult those much better similarly i think in the world of finance we have all of these hierarchical institutions that are trying to solve problems of scale the no longer exist and bitcoin is a perfect example of the ability to achieve consensus on what's true but it's system at massive scale without the need for a central authority so as soon as the need for the central authority goes away the solutions that can come out of that are truly extraordinary thanks so much and various on the novelist founder of route eleven co-host of let's talk a bit coin a really enlightening discussion. that's our show you guys thanks for watching and join me again tomorrow when i break the fat all over again and taliban have

a great night. and you're going to like. this if you don't. like to have you with us here on t.v. today i roll researcher.

i think. everybody. should you know the price is the only industry specifically mentioned in the constitution and. that's because a free and open press is critical to our democracy shrek help us. build. them again i'm sorry and on this show we reveal the picture of what's actually going on we go beyond identifying trying to rational debate a real discussion critical issues facing a family member ready to join the movement then welcome the big picture. along to our bit of washington d.c. and here's what's coming up tonight on the big picture. tonight.