why did he say this now please allow me to spec first obama is the teleprompter master since he loves to read off a screen i doubt this was some sort of slip up this was probably done consciously but why well it always helps if you look good by condemning the moral failings of previous presidents liberals and democrats love to hate bush so this could be subs kind of pandering or trying to look good by comparison headlines like obama condemns torture sounds nice and dry out the fact that he sure approves of shelling civilians in eastern ukraine if obama really does feel that the post nine eleven torture was a shameful part of american history that as the leader of the executive branch of the nation he could do a lot to punish those who did the torture then and prevent it from happening again in the future but if i do obama this is all just a bunch of sweet talk but that's just my opinion. in justifying their stance they're citing all sorts of what they see as

international class a dance in cost of be upcoming referendum in scotland but the response that they're hearing from the one is that what you're doing is illegitimate but what we've been doing is just a little light a measure if you break into they're still good what america does is right rules are made for other people for centuries like russia or countries like this straight. back whatever america does is right because america doesn't. welcome to the kaiser report imax kaiser you know benjamin franklin once quipped the great empire like a great cake is most easily diminished at the edges well beny the nation you found

it has become an empire and that empire is indeed diminishing at the edges but also collapsing at the center of the giant cake fart of corruption stacey. max yes we're looking at more headlines today about this collapsing pyar because you know obama earlier in the week he invited all these african leaders he invited fifty african leaders some of them couldn't come because of the ebola epidemic across western africa but they have a reason bamma lose african leaders to counter growing chinese influence ben rhodes a u.s. national security advisor denied it was an attempt to play catch up with china and i'm not sure what the substitute take part so far but i'm i'm waiting with bated breath when you mention catchup of course i think of john kerry got your boy he's got fifty seven varieties of ways to cure the world's ills but china is on the move they're making a move people are getting concerned they want to restrain the well we're going to

get to the can't speak for and the next headline this one is the. collapsing. collapsed. melvin foote founder of the constituency for africa a group promoting african interests in washington said it was disingenuous for the white house to claim the summit was not in large part a response of china they'd ministration will tell you that but it's at the front of their mind america is losing influence and respect in africa he said i hear it when i ever i travel there so when he gives a quote exactly what he's hearing when he goes to africa often as part of his lobbying efforts he says africa say why do we need the united states when i travel around africa i've seen airports i've seen roads i've seen railroads i've seen ports i've seen all kinds of things that are really impressively built by china that you have to say the united states refused to build well as we've said on the show a few times you know the strategy of china in africa is to build stuff and the strategy

of america in africa is to bomb stuff so i think the africans are thinking and i think we go with the build stuff rather than the bomb stuff and the u.s. is running out of bombs you know that the there there are supply lines of bombs to various countries that they're bombing iraq libya. afghanistan gaza you know all these bombs that the u.s. is supplying they can't get them to the to the spot fast enough so that could be again the american empire on the edges of the fraying for. yes well i mean by the way the u.s. doesn't have any ports or realm infrastructure or any of that themselves they don't even have it for themselves so of course i'm not going to build it in africa because that would be communism that they would be delivering there and they would say or think so the article also points out that the u.s. has a right to be concerned because they have good reason to be concerned china's trade with africa routes to two hundred billion dollars last year largely made up of

beijing's imports of oil and minerals and export of electronics and textiles more. and double the u.s. and far ahead of the e.u. twenty years ago trade between china and africa was just six billion dollars down well the way this is a trend that is going to deed dollarization you know that's the buzz word of the year d. dollar is ation russia china other countries are getting out of the dollar the dollar loses world reserve currency status and what that inflation in america doubles and triples so this is what paul krugman of the new york times these people fail to inform people about is that once the dollar loses its world reserve status as we've been talking about here then it can't protect prices from tripling in the united states for food and energy and these other things they also note that essentially it seems like china is going to run their empire if this is what happens post american empire in a way similar to the empires of old america just bombs and doesn't build anything

there well they mention that beijing influence has been greatly enhanced by the large numbers of chinese now living and working africa factory managers to traders and buy big construction projects that in rapidly transformed parts of the continent when decades of western aid was often directed to propping up authoritarian cold war allies not development so i mean you mentioned the u.s. bombs and of course you know speaking of quotes from great man about empires month test q you said that you know empires born out of war like america will have to maintain their empire through war the article points out that the u.s. is only seeking to bomb and fight terror in africa but and yet they couldn't find a single nation in africa willing to host their africa. is going to be more like i'm sorry a china will be more like the united kingdom in terms of you know the king the

better the empire which is just a huge bureaucracy around the world and they want to live in these places and they have this this global empire. result of a china seems to be tearing a page out of that book and creating a global empire where people of chinese people actually you know moving to these countries settling in and creating businesses it all feeds back to china yes now i mentioned that you mentioned the cake part at the opening and this is the center. at the center of empire role as it were and obama says corporate america has benefited from his policies the economist so he was interviewed in the economist magazine and he they noted that at the opening of his administration he had a tense relationship with wall street and c.e.o.'s of various big corporations and he had famously at the opening of his administration said i did not run for office to be helping out a bunch of fat cat bankers on wall street but lo and behold that's exactly what has happened of course he says if you look at what's happened over the last four or

five years the folks who don't have a right to complain are the folks at the top obama said in an interview conducted last week and posted on the magazine's website late on saturday right well yeah he likes to use this term folks he's very folksy as they like he said last week that yeah america bomb some folks he said we torture tell you yeah america tortured some folks you know it's all very folksy tortures people and he did exactly what he said he was going to do he plays kerry curry favor with the bankers and they've made out like bandits during the housing got to do it's good for it i'm still not see how that works so well here is at the heart of corruption here's the center of the corruption is collapsing in the center as well as at the edges here you have in africa none of these nations that are visited obama in the white house this past week none of them believed in america anymore because they see the fact that all of the aid over the past few decades is part of the american empire and all went to

corruption in africa and all went to propping up authoritarian dictators it went to building nothing for them them giving. nothing and then now they're seeing in comparison they're seeing china and china is giving them ports records roads schools all sorts of stuff and they're like wow this is this is what we could have had all these decades being you know with under the thumb of america and here in the center of america we find out that here the president doesn't care at all about running the government or the country for the people there either so they have no real words they have no nothing but the top one percent have zero point zero one percent have done amazingly well because of his policies because he allows what his department of justice never went after the banking criminals his you know his central bank printed more and more and more and more money and handed it to the bankers he made the conscious decision to give those trillions of dollars to the bankers rather than to the population just like so they all the american population

are like the african population in terms of getting nothing for all of that chaos war and empire. i still don't see a connection to kate farts i mean when i think of take part i'm thinking of a video that was online a couple years ago of a woman and her take farting which became a viral sensation and a huge industry for that woman i think it's maybe if i can connect the dots sara connect the frosting is we're talking about kind of a winner take all mentality where you've got one woman who's got all the cake four dollars and everyone else is out there trying to fart on cakes and they're they've got nothing to show for it and here you've got barack obama who's been trying to bomb us way to prosperity and curry favor with the bankers are stop working is one of the cake for losers where is china is a cake far winner they're out there they've got their brilliant display of courting

and this is turning out to be a major twenty first century winner it's a winner take all mentality in china is. the winner they get all the cake now maybe this headline might make you think kate farts russell brand gaza sean hannity in crowdfunding and start showing at rusty rockets so this is slightly dixon and he's looking at the guardian has covered an article about this this conflict going on between sean hannity and russell brand their article is called russell brand takes on sean hannity in gaza spat rao begins after british comedian and actor calls for fox news presenter terrorists over his interviewing style and they mention that. rusty rockets russell brand got the last word by referring to max kaiser's tweet about a crowdfunding campaign going on to fight this sort of concept of empire right that's right there's a crash landing campaign on star john schon fahy is creating some billboards in los

angeles to new york to say sean hannity is an idiot so it's a media war fox is proving to be media terrorist russell brand accused sean hannity of being a media terrorist i would agree with that now russell brand is taking him on and he's got over two point two million views on his video criticizing fox it is fox news sean hannity would get maybe one point nine million viewers of his show so here's russell brand in his flat with a camera and a you tube connection who's doing battle with rupert murdoch the guy who made fun of milly dowler his death here in the u.k. made a million dollars death suit he tried to capitalize on that quite spectacularly during the phone hacking scandal now he's in america was fox news trying to capitalize on media terrorism russell brand very correctly points out all out that we've got to start joint campaign it is shown hannity and it you know they're seeking some dollar contributions to put up these billboards in l.a. and new york all over the world so the media were as well on well ok so going back

to tying this all together with the media this old media platform sort of model of fun. news supports the empire they keep the empire going they keep the giant part that is empire going and here simon dixon is rightly pointing out that the crowd are the barbarians at this gate we don't necessary at the gate keepers by the way we don't need necessarily to become. a world run by a chinese empire we can become the world run by the crowd also interesting to see is how politics media and crowd funding are overlapping a quick search through starts when you will see how crowd funding is being used as a political tool for the people to have a voice and get featured in the media and he looks at script tonight who also she's going to gaza we've interviewed here she raised sixteen hundred pounds so far on start trying to do this so here again we. when you no longer need to ask caesar for permission to do. anything here we are actually taking back control of our

contributions and inventions relating to crowd funding and trip the currencies and with people like russell brand there's a new media world order states you've got to go thank you yeah. all right states and for the second half a whole lot more. farms waters do you have the pond to me because. i saw you spread all over normally this is the most toxic food you have and who will profit drowns out in the judicial inquiry furthermore tells restrictions. really knows what's inside the feeling.

i just want to keep. build in the allowing saudi arabia qatar and iran to fund millions and millions of pounds worth of the building of mosques in this country where they may have them addresses where current we have one hundred thousand four to sixteen year old children who have been schooled in these mature asses which is encouraging complete non integration within the society. i'm abby martin the stories we cover here are not going to hear any rights or back story and spread headlines and there's a reason they don't want and do not. want to raise that. now let's break the set. welcome back to the kaiser report i'm max kaiser time now to turn to peter

greenhill head of eeg aiming development for isle of man you know one of the guys to report later much all right so first cells peter what does each gaming and how much does it bring into your economy ok well electronic gaming. gaming on the internet currently accounts for just over ten percent of the whole economy on the right so it's pretty significant isle of man as from what i gather and you've done a great job at identifying niche markets i think correct me if i'm wrong but there was something to do with f.a.a. license saying in this type of business where there was a regulatory. opening where folks who aren't interested in really tackling it because it all the regulations involved you guys are going to swoop in and said we'll do all this work and develop a business and it's really worked out well now you guys are moving into crypto business correct that that's right we don't something that we've currencies that we've done with the going me in the post so we've recognized as you exactly you saw

in the nation the market but somewhere that we need to put proper controls over as well so as long as we do it that way we're comfortable in talking the business right so other territories around the world they're not sure whether they want to get in because you know they want to regulate or not regulated their wringing their hands and not sure what's going on so i have man seems to be jumping in with both feet recognizing an opportunity and then pursuing it is that correct that's exactly what we're doing is going to balance roy recognizing the business opportunity but also knowing that we go to protect the consumer and also keep crime out so when we get that balance right we're ok right so a couple of countries and territories have been mentioned as being the crypto switzerland if you will you know the place where crypto has a home and switzerland has been mentioned as a possibility here in london has been mentioned as a possibility but it looks like i love matt is really emerging. as as that crypto valley if you well or silicon island. what is your projection where is this going

to go its arms of business do you think it would say what other countries would do and how quickly they would do it the benefits we have on the on the man as i would to move nimbly and swiftly when we see that opportunity and we're not strong with various things that happen for example with the with the e.u. holding back on regulation or taking a lot of time to get through so we are able to make trying to store existing laws and regulations to give us the right controls over cryptocurrency and that's what we ought to do i write and they're having a summit i guess coming out and before too long the krypto valley summit can you talk a little bit about that you know seventeenth and eighteenth of september we're getting together. c. level executives from various cryptocurrency organizations around the world will have one day old looking at the whole industry and how it's developing on the second day will then be dedicated to what the audit bank can do to help those companies to stop an issue why do you think these other countries are reticent

about getting into the crypt of business i think some of it is not understanding some is not being able to change their laws and regulations quickly enough and you know the the standard problem with the you having to come at things from so many different angles the regulations they just really don't fit for cryptocurrency at the moment and getting a huge regulation china is a very very long process right and what is exactly the relationship between isle of man and the u.k. because i think a lot of people confuse the two when they say on that isle of man it's part of the u.k. yeah you know we're not part of the u.k. we are a dependency of the u.k. crowd a crowd dependency ok not a crowd means ok back to the queen that's it and so expect a little bit on the detail if we look at one thing to look at she's the currency so if you look at the bank notes in the autumn and we sure are so. the queen doesn't wear a. so she's not the queen of the on this is remarkable very subtle so you know i'm still hanging out at the element look at my bank notes here now when i say such are

saying no this is all very fast i mean you've got a twenty. i'd like invoicing for another devaluing i just i see the queen elizabeth they're looking at you know you know what you are quite young in the shot wearing a diamond tiara well that we own is the equivalent oh my god look at that yes she's without her crown ok we're going to get some close up shots on this at some point so this is this would not seem like a very. meaningful distinction but it's just giving you in a distraction ok we said all of our laws were in for the longest to stop list. and continuously running polman anywhere in the world so we do make our own laws obviously we look across to the u.k. . for certain aspects we have a relationship with them on the v.o.t. so and so we ship but we're not part of the you and we don't respond to directly to

the u.k. laws what do you yourself trade but calling i have some bitcoin just in the process of actually getting some more as we speak and. what do you think is the challenge what do you think is the threat if any to the established banking industry that bitcoin represents what i mean by this is a lot of people talk about decline terms of the fact that to use a high tech term a distance mediates the banking industry because the cost of processing is near zero source of sending money and there is zero it's as a currency it has a lot of attributes some of the gold exciter up it is this way you see it number one and number two do you care other words i love man it seems like their position is we just want to be the back office of bitcoin and while i don't think it's a real threat to the banks to die i mean if we went forward twenty thirty years who knows what that might be but i think the banks will themselves respond to digital currency cohen in the form it's in today but the whole concept of digital currency

in my will move some way towards that in the future as i see it becoming as a as you rightly said it's. instantaneous and virtually cost free method of moving moving value from one place to another so i think i will respond at some stage in the future how we'll have to say now i started off the set of you're making reference to the f.a.a. which i believe could have been a completely. red herring and make no sense in the context of this interview what i was trying to get at is the satellite business. ok and i see that at the end of my in my list here this satellite business as being an example of what the isle of man can do in terms of taking a business that's that was encumbered with a lot of regulated regulatory mismatches except as i understand it you guys came in and say wait a minute there's a great business here somewhere if we can just sort it all out can you give an idea what i can do ok let's split it a bit wider then so yes on the satellite saw and also own registration.

shipping registration that's where the autobahn the so that so far it's doing an incredibly good job in controlling and helping those industries to move forward but that's exactly the same as we've done with the gaming and exactly what we will be doing in critic current c. as well i mean once again not to belabor the point but the idea is that we you guys specialize a seeming like and taking a bit industries where the profit margins to sort through all the regulations are not and interesting for a lot of other players but you guys are like you know what we can do this and we can make a big business out of it how is the so the battle of man itself has a population of what eighty five thousand so it's a five thousand and what's the it sounds like everybody's got a job there more or less a level of unemployment is incredibly low so two percent no crime right either very very low crime right indeed not while lot of people actually move to the ought of man because of the quality of the education housing housing stock as a cheap. cheap is not the phrase that we didn't know it's housing stock available

and there's room to build more so the on and i could grow from that eighty thousand people quite easily we got the space available we got the quality of countryside and quality of house building as well so if i'm a crypto entrepreneur i would look to not only do take my business there but move to i would certainly what we're seeing we've had so many visitors to the to the on in since the announcement that we might this probably forty fifty different companies have been looking at the oil and seeing how that's right for them and obviously we expect. more coming from the summit in september now on the eeg aiming for and of course. what do you know are we talk about gambling we're talking about gambling indeed so you have the biggest gambling companies in the world both operators and suppliers to the industry who had quote so if you look at poker stalls. programming in play tech or headquartered only on is there going to be a play for online gaming that is to say gambling with tripped up yes

that we're already hearing those those suggestions as well there's a few areas we're going to look at because you probably realize the on the money is very strong in protecting the player and everything that we do so we are at the forefront of that legislation so players deposits into a gambling company all put to one side to the ring fenced and if anything ever happened to that company the government can then control the pipes the player has got to make sure we can do the same thing with digital currency as well and we will do so here in the u.k. there is a scheme for depositors they have insurance i think it's up to eighty five thousand pounds on buying people is it such a bank it posits decide applied to you guys eight doesn't know it does for banking but not for digital currencies because that's not seen as currency as we know from so you guys are making however will protect those funds in these platforms or in these businesses in the gaming business is legislation insists that players deposits all put to one saw them ring fence and not co-mingle would we use the

company's own monies so we keep one saw it and we would do the signing if that's a deposit in digital currency if there was a huge scandal last year in japan at that mt gox their funds were going funds are essentially were stolen yes to to is what happened. since that time there's been a lot of activity in the area of storage cold storage insured storage in the center of bitcoin if this is one of concerns people have about bitcoin seems as though these issues are being sought. volved and over at the isle of man it seems as you've made that a priority in terms of securing funds we want to work with those organizations to make sure that the right measures are in place to protect the consumer and i think lloyd's of london was getting in the into the insurance side of things for a bit and then they had maybe a second thought about getting into insuring bitcoin deposits but ultimately the block chain itself which is the beating heart of big coin is i think a lot of people are surprised that it's actually more transparent than anything

else yes i mean people refer to sort of anonymity of big coins you know those are sin around the business no that's not the case it's not anonymous you can try those transactions and of course if people are putting a deposit into a gaming company for example like i mean company would want to see and. checks on those people and just really awesome are anti money laundry exactly so all those checks will be in place anyway all right great and so i think we're actually going to be at the event the coin summit max kaiser stacy arbor kaiser report we're going to cover a looking forward to it what are some of the local tips i should be aware of any good restaurants and there's few good restaurants if i would take you to some of those but the the local fish the local seafood the local produce inmate is absolutely superb so we take care of you and this is a help and i assume that refers to all of mathematics three legs fitting the reality of the isle of man it's true scallion it's anything that's on three legs as

you well know is much more stable so whichever way you throw it will lie and it will be so late and study will ok fascinating stuff so we've got about twenty seconds left for the entrepreneur is out there crypto lab how do i get in touch a dial and what's the next step for them. if they contact us through our website if you look at where you can that's a reference back to the all of them what we do for companies where you can do various things all of my details are there but the details of getting touch with anybody in government you can phone in there all right fantastic thanks so much for . thank you. all right that's going to do it for this episode of the kaiser report kaiser and stacy herbert just like our guest peter green hill if you'd like to get in touch tweet us a kaiser report. in justifying their stance their starting all sorts of what they see as international

press advance in cost of the outcoming referendum in scotland but the response that they're hearing from the west is that what you're doing is illegitimate but what we've been doing is still full of life a measure if you break into they're still good but never does does drugs. is a made for other people for sundries like rush or old country is like a straight. road to america does is right because america does a. clean war zero casualties war this is the great fantasy of warmongering politicians. capturing people is this what do you do if the innocent killing them easy we

reserve the right to kill any person anywhere any time. soon but they come through and nothing will make these things or. politicians. new kind of power. which. is very tempting. i restrained. in december two thousand and ten. more likely to be raped in college and in the real world. i didn't think people did that to each other when they knew each other i thought rape was a stranger in the bushes. girl complaining about the son of an alumni. gives millions of dollars to the school why listen to somebody who's going to lose money

at the school if schools that make money based decisions are much more common than they would ever admit publicly. countries a say they stand to suffer billions of euros in losses from russia's restrictions on food imports and post as a response to western nations sanctions. can have burned again as protesters of begin then find back against police attempts to dismantle tent camps and barricades that have been there for months. for a long term truce between israel and the author of.