and stacey are your guides in the land of financial scandal in the cars report here and r.t. to national. because on puppy. hi stacey me i'm hoping

because i'm hoping you wouldn't be happy if you were iron man spider man or else why cops plus our man spider-man and elmo in times square to iron man a spider man and an elmo were accused of blocking pedestrians are spider-man also grabbed a passer by to post her picture cops say this comes after over in times square max they the cops handed out leaflets as sad photos of costume characters are free tipping is optional to the try to crack down on these costumes characters including max keiser and stacy herbert characters they would love the most as a stage never characters and times where we are put there this is a superhero clutch you know superman batman spider-man who's going to save america because there's too many of them and was trying to save america but it just lead her to love for example recruit good for star from the beginning of the album and iron man are facing arraignment but they're really talking almost

a police station because it is disrupting traffic and time for want to do it tickle me elmo yeah he's been overly tickled these are to be tickled. those who don't knows there are four people from the world come to new york the piccolo blow the others to go look up into obscurity could you tickle thoughts of the roots now that they cannot they will not allow that so anyway i thought this was an important story for it the service sector economy where only low paid service sector things they won't even allow a guy to dress up in a costume and harass people for a tip for that so a statue of liberty you can just like that you can just like the empire state building or the plaza hotel or any of these characters so i want to cut to another dire headline about jobs and trying to make an honest day's work and living incredible video imagines a world without workers working up the analogy of course is finding less and less employment it's humans develop machines to take their place for a variety of applications see g.p.

grade lays out the case that we're not only heading towards a future where machines replace people in their jobs and that includes professions like doctors and lawyers but where are any right in the middle of it you know that forces you to perform a lot of jobs that used to perform agricultural sector jobs the form of transportation they were taxis they were all sorts of things now they've been replaced with a big fight human species but in the future and they're not too distant future in fact happening right now humans are being replaced by machines and that's absolutely right there was this huge displacement of the workforce during the industrial revolution now there's a huge displays of the workforce during the information revolution of only thirty or forty years ago now there's a huge displacement of the workforce due to the robot a fixation on the word person robots are taking over robots are here to flip hamburgers the menial labor robots are moving in we're only human spirit survived

people are sometimes you need a human robot that's good too little sometimes the worms sometimes you need a mother such a number who really. human being is there some center robot like me love they're. all very very odd to me don't tell me people that are up. here are just some of the people they say that could be replaced by robots or mechanic can't call it quits then and that is transportation workers they're poor million of them in america you know we have these google cars sometimes a car is coming there's retail that's three point three million in retail alone cashiers three million secretaries managers nurses school janitors all these people school teachers all of them could be replaced by robots they say that the technology of robots will obsolete last forty five percent of the population but that they didn't think. you know them. love.

their you know real work now a real human being you know national guard flesh and blood like if you're a place of the old however your job we're actually going to get to the love robots but first i want to jump i would like to get to the law. that i want to talk about because you're forty five percent of our jobs are to be obsolescent away by an industry by by the capital robots things mechanical breakdancing well i mean this is the thing really in the future that we all need to work on because it'll be an economy based purely on love this is the law. of the human experience and they have this article about the incredible video of images of how humans will be replaced by horses they show just remember the horses that's one of the last lines of this video of the film we're talking about replacing jobs forty five percent of american jobs can be replaced by robots by mechanical means and the image as you see just remember the force of the force being given by

a com this is another future for. a cop on my back that's it that's it we're just like the artists in the morning. the story the more i'm kind of brought back to this idea of accountable sexpot. i mean let's face it this is getting more and more driving so this didn't lose him or you're demonstrating the news for you is the more i'm thinking six pops out again that's going to cause the economy to collapse because we do know that in japan many people find love with robots now this is i have mine i happen japan and the future of this is already a highly mechanical eyes and robot ties they have robots already performing in the home all sorts of functions including a lot of you might say japanese g.d.p. plunges six point eight percent us consumer spending collapses by most on record compared to the three point six percent drop in g.d.p. in japan last night's its consumption tax in one thousand nine hundred seventy two days q two g.d.p. collapsed six point eight percent annualized is an utter disaster again this is the

problem with having a consumer society in which we're all going to be replaced by robots is that it collapses when all you have is love robots and robots and love and robots that. look let's get robotic you know into. things are not doing well because of the paper nomics of the skull the things that experiment both want more determine the ticked up to three hundred four hundred five hundred percent of g.d.p. depending if you count the real of the nominal debt and as a result in any real g.d.p. growth doesn't result in any way its growth as a result that any real escape velocity growth it's only taken the country down in the future she will like the sastre of eternal death and destruction of this opening a vortex like the siberian outlet of a heel going into the center of the earth bring millions and millions of japanese into the meows of the economic war churchill destruction and all they have

in this last moments and sinking into the black hole of debt. as a robot to love them i kind of robot love as much as humans are of course but you know i don't know if you know about horses certainly death in the great might have something to say about that but nevertheless the fact of the matter is that when you have nothing but robot in the it done to me you have an economy that's none like it is today by album and the trainers on wall street that all the traffic and all the trading and all the index volatility know that it delicious jim and especially by me my age and my software there's nobody there actually if the switch it's all done by a lot of automaton this is the dystopian nightmare in vision by the early futurists who told us about the risks of powering robots one of the robotic soldiers in the field there with artificial intelligence and they're simply programmed to kill that's a robo army out there to kill kill kill differentiating amongst nobody who's the

enemy to stop the other humans are the enemy the rise of the robots this is the problem we all face the machines are taking over who's playing those stocks machines were they buying stocks and machine companies stocks and sold from companies to help software companies run by robots that are out there driving so robotic cars to work to get their software to drive their own stock price or to get a stock goes to pay themselves robot to go down the path to join to get made by robots this is the rise of the machines love these do come back in the equation need to be the center of our focus will soon be without low there can be no humiliated cd by the way you know those break dancers are part of this whole you know arresting elmo is the seat fighter man superman and all that stuff because everybody keeps getting moved on move on move on and i also know one other thing this is going to how do you boris johnson the london you know the city bikes here they're not called barclay's bikes very far spikes their city bikes not one thing go down and the year that they've been having there why can we are not have any

doubts london has like climate exactly that is a good point to make all of these low. go by exposure city have it any deaths in london there are many many deaths because it's a complete nightmare that what boris johnson has done in london he's created a system of a publicly owned but ridership this is a death trap here and you know it's part of the drivers as well maybe drivers are better year but i want to play is it also true this a need to put a higher tax on alcoholic beverages because we know in the u.k. they love to get a little in a bridge yes they don't drive a bike and they're you know drunk now that i've told you all i could be that if we have a robot replace the mayor just have a robotic mayor and maybe the robotic mayor would be better at planning so i want to say finally turning all of these together where is this whole combination of sex slavery work slavery being robots replaced by robots a mechanical arms well high tech service workers are growing underclass nearly one

third of jobs max thirty percent of jobs in silicon valley paid less than sixteen dollars an hour these are the. people working in the cafeteria at google the bus drivers the guys who drive the bus from google they are all on these really low wages and that those wages are actually used to be middle class before this latest booth and silicon valley but what they did is they outsource it all they got rid of these employees and made them some contractors instead so here is the extent that the real life i mean by the way these people are are going to not be replaced by robots anyway the bus driver on fourteen dollars an hour is going to be replaced by a robot the cleaner is going to be replaced by a robot but this is just the beginning their their suffering their it their belief life and existence or the digital chasm between the classes is opening up to this

grand canyon like proportions and who's going to fall into the middle well everybody is the part of the elites awara working on the robotics. where that's going to drive this kind of algorithmically driven money for nothing sexual banking and lifestyle that requires the enslavement of everybody else a missile we're talking about galileo was a master and we also talked about neo feudalism and this is the thing it's like if we're all be replaced by robots and these pesky humans are all around the place you know we're going to choose the lords who might take care of us you know maybe lord sergey brin might take care of some people living on it goes along as we have each other. we're going to we're going to go into the future boldly i am a robot i am not really not i am not based in a caravan. i. don't go away much worse.

as russia and the west continue to drift apart into a new cold war russia's world view of international politics is largely neglected in western media and in the halls of power russia will defend its national interest and also house its own red lines the west introduced sanctions against russia and obviously russia retaliated and based. confrontational rather it goes on and on what do you think about sanctions isn't it a way of holding economy and business hostage to politics is russia did invade east ukraine i mean i don't think. the west still russia would trade to get a lucrative street twenty or thirty years you know this is no easy rise to wrong

but i definitely think something is better than complete. to gen x. but see gen x. vulgarize ation of darwin science punishment for an uncommitted crying i was sterilized to learn from believing in eighty feebleminded still today for the few i don't know why. but i still don't know why genetic improvement through forced sterilization the basis for nazi ideology don't stop at just sterilizing and now go to the point of death. for years rarely discussed on till now really rather not talk about that right.

welcome back to the cause report as are timed to turn to perry and boring of the chamber of digital commerce concert for thanks so much for having me all right now period we've just launched the chamber of digital commerce what is it and what does the chamber do we are trade association that represents the digital currency in the digital at that industry we are based in washington d.c. we are representing the industry to government the larger public and we also strive to be a resource to the media as well and where is the funding come from from the industry of our members ok so. we know was launched a few years ago it was a bit of an underground sensation by the hacker community then it started again mainstream acceptance now you've got merchants around the world tens of thousands who are accepting bitcoin but when it comes to. lobbying in washington or working

with legislators and regulators it seems like the community is split a little bit with your group the chamber of digital commerce how would you say is it different than what's happening in new york with what's called the big licenses going on well you know to address the lobbying concerns and this is one of the main reasons why i decided to start this organization you know in two thousand and thirteen i was covering back when a journalist on another show here and. the media had spine a lot of issues around big one we had silk road we had mt gox liberty reserve all scandals and someone who formally worked on capitol hill for a member of congress i could just see when the media started to kind of turning things how regulators react and we saw senator joe manchin sent a letter to treasury secretary jack lew as first straight out ban on big oil and there's been several hearings in congress i mean this is caused a little bit of a stir in washington so we are serving as

a resource to public policy. makers something goes on with digital assets. digital currency will go will speak with that will explain to them what's going on because there's not really a good resource to turn to if you have a question for big point nobody owns big point decentralize so member of congress has a question here it's called headquarters right so that's kind of what we're looking to do and hopefully we can set up some basic guardrails for the industry to do to appease congressional concerns a lot of concerns over the strength of it being decentralized the technology is great but you centralization in washington is not great because then you don't have somebody actually lobbying on behalf of this a big point let's go back a few years because as you mentioned you were pulled into the vortex that has been going you were attracted to bitcoin what attracted you to bitcoin well i have a degree in economics and i worked as an economic advisor on capitol hill and i appreciated centralized technology from an economics point of view i came to washington after the two thousand

a financial collapse i had really close to home and someone from florida the housing market really affected everyone in my community and i could just see that we had some very serious monetary policy and fiscal issues in this country and that's why i went to washington to help build a stronger economic system and i appreciate an alternative to that system that came to such a hard crash in two thousand and eight all right so you're in washington you're lobbying for big. in other countries around the world there's other stages of lobbying going on for bitcoin the big community and different countries have a different attitude toward their acceptance or non-acceptance of bitcoin for example the isle of man. is is really wants to become the headquarters of bitcoin they want to come to go to country for all businesses that are a big point the united kingdom is now becoming very friendly to bitcoin in the united states it seems like there's a less of a friendly atmosphere in particular in new york the bit license regulation that's been proposed here in new york has been resignedly reject. the bitcoin community is

there risk varian boring but the united states will lose out on this big coin boom to another country because of their ham fisted attempts at regulation so there is absolutely huge regulatory and political resonance of prosecutorial wrist a big point that's why we said this organization to mitigate those issues i think here and you are going here with me you are going to be a license was proposed just a couple weeks ago and the discussion that i have had it seems that the pardon of financial services superintended been launched he really does want to be. providing exceptions for between here and the state of new york now we're trying to work with them to make sure that the regulations they put forward actually work for the end the street at the same time address the concerns that the government what would you say to what would be perceived by many as the irony of financial regulators attempting to regulate bitcoin which is by its nature self regulating in itself the

protocol the block chain is self regulating in the truest sense of the world word and but you've got guys like lawsky and a bit license program who are coming out of an industry that has been going through a period of lawlessness banks caught engaging in numerable scandals lawbreaking. to do sherry nightmares and these are the guys who want to regulate bitcoin is there a bit of an irony there i mean it's a laughable almost it's a shambolic your thoughts well we have a petition on our website digital chamber dot org and it aspecific lee asked ben lawsky to extend the comment period in the end of the year to allow the end of story to put forward other proposals besides that license that would be in the industry would like and what we're looking at are more self regulatory applications eighty percent a bit license could be put on the block chain and that's the beauty of this technology is the entire community can monitor and see what's going on with.

cutting into that entrenched all the copley called wall street they don't want competition they don't want the point they don't want the anyone moving in on their turf so they're going to do everything they can to keep competition out and that's where the grassroots efforts come in we're also putting together a grassroots coalition we have a petition going around that anybody can sign and dissipate and i mean at the end of the day our public servants they work for the people that elect out so if we are successful in getting as many people to express their voice on that license and on other regulations that really hits home and these congressional and the regulatory office of the cell and i used to work on capitol hill answer those phone calls and read those e-mails there are reports that are given to the members when you have constituents raising concerns and raising their voices that really does make an impact and we do and encourage everybody to i think comments to the department of financial services on that license but this is you know the regulatory process and we think you should get involved you should make your voice heard i guess at the

end of the day it's going to facts but people now let's talk about the states in particular so even with it with the states like california or even cities like austin texas there seems to be varying degrees except in sort of approached a bit coy what have you found give us the kind of the overview coast to coast kind of in the united states where is bitcoin potter being used more or less to describe that a little bit well in new hampshire seems to be very very quaint friendly there's a guy name and you're hemingway that's running for the governor of new hampshire and he's one of the first people to run for governor with the platform a big quite so in new hampshire is very encouraging state california is also an extremely encouraging state with silicon valley there's a number of tech companies and also we been in contact with a couple different organizations in california that are looking to start up something very similar like a california chamber of commerce so we do think california will continue to be a leader in this space and they're also right now there's

a lot of groups in. side california that are looking to shift the conversation away from new york and to california they don't think new york is getting out right so they're going to try to compete with the regulatory structure in california and texas is also very active as well so you describe your job a little bit you you would take note of that trend you're an advocate for bitcoin you see california is becoming more bitcoin friendly so you have maybe difficult resources toward california you take a trip to california talking up in california that you know today you serve and you go to whatever state is friendliest a bit coy and hopefully that gets through the logjam of legislation center in washington well our our mission is to promote and protect the bacon and to promote the acceptance and use of digital currencies in government so i a big part of what we're doing is political and regulatory risk mitigation so if there was. a member and any state that wanted to put forward something that would not be helpful for the industry we would go and work with them and explain to them

why these regulations may not notice and that may not be necessary or how they could be harmful in their districts but for people who are looking to put forward something that's something encouraging we absolutely hope to be a resource to them and work with anything that promotes the acceptance and use additional currency if this will last that you know we've got to get on ok let me drill down a little bit here into an area which might be mostly technological i'm not sure if this is part of the your purview as such but let me ask anyway within the regulatory framework and within the big going community there's a side here that you could create two types of bitcoins big claims and black points so there are companies that are focusing on creating. so-called white bitcoin that have been through a process of review that they are they're not tainted in any way and these big claims are you know the good bit coins it is this a good way to approach the problem. it would be considered inherent in having

a virtual currency like this. i don't to go too deep into white and black because i am not. the policies that we've pushed out of the chamber will very much be driven by our executive committee right now we're forming our membership we're busy recruiting it right now and that's something that we would have a discussion as a team and look at me and said that you are a bit coy and busiest part of the being a big point to do just is to appreciate the anonymity of it and the so-called libertarianism aspect to it having an economy that's not corrupted by money printing because there's a fixed number of bitcoin there is a lot of privacy associated with bitcoin that you don't get now with it so much of the transactions being surveyed as part of the growing surveillance state in the u.s. so it just seems that having a list of black coins and white points to kind of undermines the original spirit of bitcoin your thoughts. you know i think that when privacy is extremely

important and we've seen this and most with different industries within financial services and something we do want to protect and we're also we have partnered with an organization called free banking who's raising a lot of privacy concerns on license anything that you know protects consumers we want to embrace and privacy concerns are absolutely part of that as well all right so we've got about a minute after so when you talk about bitcoin to folks i've never ever heard of it before and clearly it's a groundbreaking technology and it takes a bit of you know wrap your mind around it takes a little bit of thinking how do you describe it to do the newbie i just hurry i'm boring with somebody the street point yeah it's that what do you describe as magical internet money for wine and i often compare it to going from horse and buggy to a spaceship so while it might be a little intimidating to go from a horse and buggy to a spaceship this will advance the standard of living by increasing access to financial services around the world over seventy four percent. of the population

around the world according to the world bank does not have access to basic financial services it could be something to advance populations around the world finally do you think or past the period of this what i would call major scandals you have the silk road scandal standoff a lot of scandals in the last two years do you think there's a period now where we're going to start seeing a lot more positive news on the space and price appreciation the stuff well that's one thing that's that we're working on we have a public affairs office and diligently working to build the credibility of the legitimacy a couple weeks ago. the largest company that you're working with is are all extremely encouraging news and the more companies we have like this jumping on board that will help a lot with the scandals and building legitimacy and credibility for the industry as a great. on the kaiser report. and that's going to do it for this edition of the kaiser report with me max and stacy like to thank our guests barry and boring if you would give us a tweet tweet as a kind of

a report and the next time. we'll . technology innovation. developments from around russia we've. covered. one swedish school. the biology teachers they're great we've gender experts and they came to the conclusion that the metaphor that the students are active and so passive in their reproduction process reinforces gender. she didn't.