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max kaiser former go go dancer now internationally acclaimed bitcoin expert. max there is other stuff happening in the world besides cryptocurrency in the wild wild wild ride of big coing and all the other all the queens and i suppose and tokens and everything you can think of so i'm going to look a little bit at some of these stories because tomorrow the you is presenting reports about extreme poverty in the u.s. this is a pretty big story it would be it would have been bigger had all this other stuff in the world not been happening so why the u.n. is investigating extreme poverty in america the world's richest nation the united nations monitor on extreme poverty and human rights as embarks on a coast to coast tour of the u.s. to hold the world's richest nation and its president to account for the hardships endured by america's most vulnerable citizens this is the un special rapporteur on

extreme poverty and human rights philip alson you can do a cross-country tour he went to california to look at all the homeless and there you see extreme homelessness and california west virginia puerto rico and the deep south and he he was looking he and investigating whether or not this is a human rights issue whether or not these people are being denied their human rights and he's supposed to be presenting report in d.c. right that hepatitis a break. in. san diego we have hookworm in the deep south yes these are these could be public health epidemics that spread to other people who are you know not marginalized this is the problem with you know we're in medieval times remember during medieval times and in europe we had the black plague everybody died but now we have a similar sort of situation of people living in open sewers the problem

is as we've been saying the economy is not representational of all the various interests that make of this society in which we live the workers are not represented the folks with opposing views to power are disenfranchised and we have emerging medio feudalism and you can have neo feudalism with permanent underclass poverty stricken hepatitis stricken warm stricken you use the same word twice stricken yeah you need to go to different if you're going to be of what i like that alliteration and kind of going on you know yeah but in real dylan emphasizing things learned from my antecedents in the black poetry space with martin luther king and malcolm x. . iran and iran to say the same word because that's the way it is when you live in

a town throwing down like it is because you're poor you know when i lived of town there was a friend famous saying that there are no laws so people have to be honest you know i'm saying by the way it is in exile he said i'm going back to my point yes ok there is no as margaret thatcher said there is no society. you know she was right when you give all the power to prove your mind. and then allocate your money to a group of kleptocrats who runs central banks they will all more of the money and they will create the real feudalism which is what we did so that the u.n. can go to the u.n. right now and i can summarize this report in one minute stop mail feudalism how do you do that well in the past in history there's been the solution of the

insurrection that's been the solution so this situation this the un special rapporteur traveling across america looking at extreme poverty america the richest nation on earth they tell us over and over of where the richest nation on earth so the u.s. poses an especially challenging subject for the un special rapporteur because unlike all other industrialized nations if fails to recognize fundamental social and economic rights such as the rights to health care a roof over your head or food to keep hunger at bay the federal government has consistently refused to sign up to the international covenant on economic social and cultural rights arguing that these are matters best left to the individual states so as you say we have extreme poverty we have it in the south we cover that recently with the hook when we have it in san diego where we have hepatitis a outbreaks you see these mass homeless problems across the entire west coast of america seattle washington washington state portland we have san francisco

san jose all over the west coast you see mass homelessness big tent cities and stuff like that so you know the other thing that you often see in the media here is that they break to other nations for not taking care of their people for we invade countries to spread human rights and yet this u.n. special operator is suggesting that the assessment tomorrow is going to be that there are no human rights for poor people in america oh oh. hypocrite oh oh oh oh well you know people think understand that america doesn't invade countries to spread democracy they invade countries using the money that they print so it doesn't cost anybody any real. the warmongers the pentagon the riches the zip codes in america or around washington d.c. and the central bank they're not using their own money they don't send their own

kids there sit there there are sadists there's sadists and they if they were given an opportunity they would throw kids into the mouth of a volcano on television if they thought if they could make a buck. going to hollywood it's autumn and go more and what god has done to hollywood take on it to the ground so rightfully so you know washington d.c. and new york are all over the mainstream media comes from they will all be in agreement all be in agreement that venezuela that they have no human rights that these people are horrible and you know look at this poor venezuelans without looking at their own backyard as the u.n. special operator will likely say so i want to turn to another venezuelan story which is really quite fascinating it got overlooked in all the again the chaos of the drew some story the big coins story the futures story. tweeting stories

desperate venezuelans turn to video games to survive the crisis wracked venezuela has become fertile ground for what's known as gold farming people spend hours a day playing dated online games such as tibia and rune scape to acquire virtual gold game points or special characters that can sell to their players for real money or crypto currency such as big coin the practice which was previously cropped up in other basket case economy such as north korea has become so popular with van . as well that they are now spreading inflation outside the virtual worlds so they're making so much money in these virtual games but the reason why the venezuelans are going to these old games which i've never even heard of i'm not a gamer but tibia and rune scape is that their internet connections are slow so when looking at places like alabama where they also have slow internet connections or south dakota or north dakota or tent city and slow internet connections here you can go to online get in these games virtually games. because they don't use as much

graphics as these new war world of warcraft and all that sort of new games but hamstrung by shaky internet connections and outdated hardware then as well as gold farmers have gravitated to old school games that have low system requirements and established communities of players william and tara twenty three took to questing full time in his favorite child the title to be seven months ago before that he had been struggling to make ends meet as a bricklayer in a government housing program it was the work of a donkey and a barely paid for breakfast he recalled as he had to haul sacks of cement up slum stairwells now he spends his days leading a brand of heroes through a medieval world smite ing poorly rendered monsters medieval world. again in virtual reality but this is the casino. that i've warned about we talked about this years ago before big climb became really big we're talking about farmville member that old farm bill and these games are from the one nine hundred

ninety s. during the first dotcom boom when i create the hollywood stock exchange and i'm quite familiar with the gold farming that's done through gaming my friend brock pierce as a matter of share was huge in the space he's still huge right he's farming out in the space in this all industry now he's huge in the crypto space and you know brock and i have this common past going back to the dot com broadcaster growing body so it was the casino google eggs in other words to get the telephony. from a big old gobblers like for risin or comcast you know they'll charge a forty dollars a month to have access to go in there and play these old games to pay your phone bill and then hopefully you'll make another ten bucks to buy a ham sandwich you know to stay alive another day to pay your phone bill another day so this is the big lie koa cast is is a ghetto provoking monstrosity that has the arm of n.b.c.

to put out fake news to cover their tracks as a casino gulo prevent or certainly this guy this twenty three year old guy finds it like that he earns more money sitting there and playing these games then carrying huge sacks of cement on his back through stairwells so perhaps it's better to be in this casino gulag then to be out in the real world clear once they manage to get on to me was collapsed in venezuela by the interest of foreign oil explorers foreign oil and i don't and so we're going to talk about the content talk about this game because venezuela is one story this is another story you mentioned that these games are from the ninety's released in one thousand nine hundred seventy s. still has more than five hundred thousand players according to its website. dating back to one thousand nine hundred nine both some one point six million active monthly players according to super data research i also saw that there were about two million people still living and second life so it really made me think of those japanese the mythical japanese soldiers who they find in these remote. pacific

islands that still think world war two is going on like these are there are people how long are these people going to live in and i think. for eternity because the phone company will start taking samples of your blood they already have these phones now or you can check the blood. sucrose level in your blood for diabetics and so now with that on your phone and connected to the phone company they'll take a copy of your d.n.a. upload it to. their database and it doesn't matter if the corpus of your being your physical body is still beating heart and taking oxygen into your lungs they'll still have your avatar playing the casino good to pay your phone bill for eternity that's the problem in this new reality is that it will be no resting in peace there is no death anymore people will pay to make sure that their death is final that their death is complete that all their d.n.a. a scrub that's going to be a service for them multi-billionaire class will pay top dollar to have them at this

rate of from this planet so they're not reincarnated by horizon or a contest to be in the casino gulag for eternity they're the so-called farming by the way i got on this phone a message from grub hub asking if i wanted to order the same sandwich i had ordered previously from a restaurant nearby the last time i was in this area it was really scary i was frightened so maybe i'd grab this coming after my d.n.a. the d.n.a. data is the holy grail for the devil and comcast is satan and arisan oh we got to go to the second half darn it we just get on a roll i don't go i must work i went away. from benefit. very much from the existing

plurality rule system because he was so different from the other care if you took any one of those mainstream candidates and you put him in a head to head contest with. that other candidate might well have won. welcome back to the kaiser report imax keyser time out of turn to steve marshall of cuba ventures steve welcome thank you so cuba the cuba stories is a great story and it's an interesting story it's a sexy story everyone equates cuba with massive home maximum sex appeal why is that where you've got the caribbean aspect obviously the weather but you've also got the fact that it's been to boo for so long and so the americans are now switching their

attention to it if you look at our website website stats since obama went to cuba visits went up by thirty six point eight percent from ip addresses in the united states and that represents over fifteen million americans looking for information about cuba up from four percent in two thousand and thirteen so there's a lot of interest here of course that's why it's sexy you know if you ever see the movie heat yes i know i love going to miami vice actually yes there's a saying or they take a cigarette from miami over to have an a and it's a michael mann film it's brilliant you know they're out there in the water and you're just like livin the dream out there and everyone wants to go to cuba but you know it's been ostracized politically going all the way back to the one nine hundred fifty s. people know the story and it's addie open her up now in this new era and isn't you know the political football that is the current administration the trump administration florida you get the cuban population of in florida how do you get

through the political thicket i think that what you have with with cuba is is it's going to be attractive especially on a commercial standpoint there are lots of american companies who are very desirous of getting into cuba one way or another they see this blossoming market is they have an eighty six billion dollar g.d.p. and it's probably one of the closest places if not the closest place the united states of america where. the u.s. sells practically nothing and that unto itself is very unusual and that's why you're getting a lot of the bigger companies looking at cuba now i mean look at the farming bill there is so much interest you have the jerry moran bill that's going through congress right now trying to persuade the congress to lift the embargo for the sale of foodstuffs from the united states with all the surpluses that you guys have in the farming belt i mean this could be the solution financially for you for those

areas of the u.s. eighty six billion dollars cotton may. and the tourist business you know it's opened up recently you've got two hours you've got flights the national reaction however and tourists they arrive in cuba but you know the infrastructure for tourists there's not been completely developed yet right or not not adequately maybe that's too strong a word but so what has been the response so far on the tourism side tough talk to us a little bit about that i think first of all we should put that into perspective because it's important to make things clear max cuba has been a popular destination for the last two decades with europeans and canadians canadians making up just under half of all visitors two million visitors a year from a country with thirty five million population so it's a lot of people so the infrastructure for a tourism standpoint is excellent you do have all of the cab yet of the classic cars the colonial architecture and all of those things that when an american

standpoint this is slightly different because the the american traveler tends to be looking for luxury and cuba unfortunately is not the most luxurious destination especially where hotels are concerned they have a small portion of hotels that a five star and we know we have a division within our public company within cuba ventures which handles travel from around the world and also from the u.s. we also on equity in an agency based in. arda so we have our finger on the pulse with the american visitors and what happens is that they they're going there for cultural reasons they're not going there for the beach which is which is typically why europeans and canadians go there and that may be why you have that that concept i guess of the country itself and its tourism attractiveness you're launching a korean or a token unique for trade with cuba yes so it's a crypto coin c.c.u. going this c.c.u. coin yes so tell us about the c.c.u.

croix steve marshall well the c.c.u. coin is basically a crypto currency which is associated and will be linked to revolve pay rivaldo pay is a remittance application which is available on apple and google play from february next year and the c.c.u. coin essentially deals with the issue of the cross border transfers that are required with remittance payments and the crypto currency itself will be as you mentioned will be associated with talken and that token will be the transferable amount which which crosses borders if you like and then exchange back into local currency in cuba which is not a problem as the soft or the problem that it solves first of all is a price issue right morsel of the remittance companies these days bordering twenty percent using the block chain system that we have with revolver pay and also using a crypto currency for the transfer across borders we can get that figure down

between six six and eight percent now that may not sound like a lot of sense quite a lot of money but there's a massive difference where cuba is concerned for the very simple reason that cuba receives three point four billion dollars annually in remittances from around the world so that unto itself represents an extra three hundred forty million dollars that will end up landing in cuba and landing in the hands by the way and this is the administration's focus here in the u.s. is is that. the cuban people be empowered this what the the the government is looking for that's exactly what obama was looking for you will recall that when he first made that first trip down to cuba he took with him the guys from stripe and the intention was to empower the cuban entrepreneurs and allow those those people to flourish and to create their own economy distant from the government and and sadly this was in two thousand and fifteen and sadly nothing has happened revolver pay will resolve that problem ok imagine stripe it's

a fantastic entrepreneur there in that space they have revolutionized that space also another company would be square right you know they have a little plug an adapter to write down your card on it yes square off first square cash now right which is rolling out you can buy bitcoin on your app quite is going why not use. why it recreate your own point well because we want to associate the coins specifically with the remittance market that's what we would like to do and therefore the coins will be born and will die once the remittances over with while they're still within the wallet they can to continue to be to be valid if you like those are specific use case exactly for remittances exactly right for the loss and also for payments as i mentioned to to the cuban entrepreneurs and private businesses there's a report often existing point you know no it's not no this is an internal call in all of our own and we will be using it in association with the remittance and the

local payment system but if you don't mind if you just revert back to the cuban entrepreneurs the cuban entrepreneurs there was a desire by the administration for the u.s. government to assist these entrepreneurs to create their own economy and to continue to grow and flourish and it was an honorable intent because yes stright did go down with with obama but guess what nothing happened so we have these entrepreneurs the still by. by the government they still do not have a mechanism to be able to charge credit cards they cannot charge it distance they cannot use pay pal and so they're being stifled and so our company has a massive focus on these these private businesses in cuba who are trying to grow who can grow who have attractive offers some of the better breakfast sink you bring these colonial homes are just outstanding they are unbelievable if you read anything on air b.n. b. about the properties in cuba they're unique around the world you know these are

properties that are fantastic now these people need to be empowered in the way of empowering the giving them a way to charge their consumers across borders around the world if they have couples from france or couples from new york of couples from anywhere who would like to to to rent one of their bed and breakfast then they need to have the ability to charge those people a distance what was the government's current position toward krypto while the government's current position we don't know because we have not asked that we don't need to ask we we do know that there is an interest to to receive and we have spoken with certain individuals about this there is an interest focused on what it is that we are doing based upon the fact that as i mentioned there will be three hundred forty million dollars more per year going to cuba if nobody does anything different ok so the cuban g.d.p. is roughly eighty six billion and three point four of that is the remittances ok sounds like that down percentage of that is what culture agriculture i don't have

any idea that being in every opponent of g.d.p. well the biggest components are three point four remittances three point six to four point two which is travel and the remainder is just general industry within the country so basically all i want you have an eye but what's the military. in the g.d.p. wise i mean it's no a factor it is it is ok to hear still essentially quote unquote. running the country while they're running they're running certain elements of the country and certain businesses in the country as we have seen you we have the office of foreign assets control that is clearly provided the american people with a list of all of the hotels and all of the businesses that are owned and controlled by the cuban military now. you're looking at from the amount of businesses that there are in cuba if you were to break it down you'd be looking at something like twenty two to twenty five percent of all businesses in

the sectors that have been targeted so it isn't sometimes what people think because sometimes people think you know they run one hundred percent of the show and that that is not the case actually and you can see that precisely with the data that's been provided by the office i as i said i asked you you know every guy out of position in the government toward crypto you're saying we haven't asked them. you know let's go down there and ask them let's get a delegation together of crypto entrepreneurs right and go over to like to join how us triple going to get and when you look at it it's together that would be gloomy it may be that maybe they need to have their eyes open you know that maybe they need a bit of crypto education well let's get some make let's make crypto switzerland cuba you know everyone's looking for a country that's going to be regulations friendly to crypto right why not cuba and they've got the outfitters the education systems outstanding they've got everything it takes they've got the mohit toes well they've got the gorgeous babes they've got everything out the sun i don't know if i could just interject and give you give you

an. a point there and that is that oddly enough if you've if you've read any news the day about the dural from venezuela and what he has just done he has just aligned his oil sector and worldwide sales with his own crypto currency right so again these two countries are our allies so he's difficult for me to believe that that there isn't a synergy there. maybe cuba could could have the same type of scent i know the old saying of turning guns into plowshares turned guns into block chains right i agree yeah i mean kind of the basis of revolver pay is the block chain of costs and cryptocurrency is a natural association with that with that technical infrastructure right i mean the relationship with the u.s. has always been an interesting one and you know the u.s. is dragging their feet you know because crypto is energizing those countries of which the u.s. has been the colonial master of exactly whether it's venezuela why there's cuba or

whether it's all these these other countries that the u.s. has been under the colonial boot. they've been under that the u.s. is colonial putin if they're the ones who are benefiting from crypto their wealth transfer is enormous if you would like to see i mean this is really curious and are you and that is that you have to actually go to these developing countries you have to go to places like africa to see an absolute complete use of block chain example governance i want to kind of the story of just getting up i got to go thanks guys report thank you that's going to do it for this edition of the cause report with a mass kaiser and stays there but i want to thank my special guest today steve marshall of cuba ventures if you are a just on twitter at kaiser report until i stop by you know.

it would seem the more the anti trumper is pushed out the president removed from office the more we learn about the media in such places is the f.b.i. how they really work to date the investigation known as russia gate has revealed preciously little we're learning there was elsewhere. most people think just stand out in this is this you need to be the first one on top of the story or the person with the loudest voice or the biggest read. truth to stand out of the news business you just read as the right questions to the right answer. question. there. are.

plenty vulcan two worlds apart give me a ladder and the fulcrum and i shall move there wild almost every politician in these day and age use a summer edition of the archimedes pledge in search of power but very few deliver up to gaining it is that due to the lack of striving or perhaps trying for all the wrong things to discuss that i'm now joined by eric musk an american economist and two thousand and seven nobel laureate professor musk and it's great to talk to you think you're for sparing some time for us thanks for the invitation now you're best known for mechanism design theory you got your nobel prize for them as far as i understand it's a bit like reverse engineering your started out with a goal you want to achieve if you work backwards and i can see how it can be easily

applied to electoral politics running for office but is it just as a political to running the office governance which by definition is far more diffused when it comes to the stated goals. yes well i think mechanism design comes into politics first in the design of governments. where when the country is trying to figure out how it is going to allocate power to the executive to the legislative it will draw up a constitution and the process of designing and executing a constitution is an exercise in mechanism design but i soon the challenge here would be not only defining and sort of operationalizing your goals but also prioritizing them and as much as you want to bring more math.