really. supporters of the arabian government hold a full scale of rallies to denounce the uprising that swept across the country and left at least twenty one people dead. however worrying the events of the last few days in iran may be they do not constitute per se a threat to international peace and security to the security council should not discuss the issues of any country towards human rights issues the un security council as america's request hold on emergency easing over the situation in iraq but some members think it's an internal issue for time wrong. person reportedly died on saturday as the saudi led coalition is apparently continuing his bombing campaign in yemen despite a humanitarian outcry. on sunday is christmas for many orthodox

christians around the world including russians these are pictures from christ the savior cathedral the center of also christianity in moscow. for more on these and all out of the stories. coming up max and stacy bring you the latest kaiser report and go away. kaiser this is the kaiser report happy orthodox christmas you know a lot of people en masse are shopping over the holidays and apparently they're suffering a big debt hanging over all was. yes of course it's an orthodox christmas today and that's why you look like a christmas present there. if you take the hat off.

because that is not a new shank and i want to bring that up because moscow today while we record this thirty six degrees raleigh where we are is twenty three degrees and this isn't fahrenheit and this should be the case we should not be having a polar vortex is or more to seas or whatever however you plural are tat yeah the vortex well we should know how that is we don't have because here we're not allowed to show that big for the wear in moscow if there is warm yeah brain cogitating that's a great clipping the must go lotion should look good you know moscow's become a tropical new york become in moscow and then it's freezing up there it was all over there is part of this vortex in new age you mentioned flipping of course that is a term that has been used in the cryptocurrency community everybody is waiting for easter or

a theory and the other currencies to overtake bitcoin over the christmas and new year holidays. did as a share of the percentage of the overall cryptocurrency market fall to an all time low and that was on the news that a theory was working on the crypto rubel so this was one of the things that drove a theory i'm quite high crypto rule is coming and there will be a flipping but it will probably be ripped all ripple is the anti a bit coy it's. everything that bitcoin isn't it's ripped all it's the friend of jamie diamond coin it's the friend of big business coin it's centralization vs decentralization meanwhile over there in russia let me have putin and his team at the kremlin are thinking about taking the theory and blocking it hard for it and doing their ruble calling is this important of course it is because they're going to bypass sanctions and therefore all attempts by the centralization of the american government and the u.s. dollar is for no a lot. i think you get too much sun and little of it. anyway so of course over the

christmas break everybody purchased a lot of goods for gifts that they actually couldn't afford so these headlines do together and it tells an interesting story for twenty eight teens paying down christmas debt how long will it take this is from michele bachmann he provides this chart consumer credit outstanding going back to one thousand nine hundred sixty eight the red line on the bottom is the revolving credit like credit card debt that hit a trillion dollars in the past year but the yellow line is non revolving debt which is things like student loans auto loans mortgages and you can see that a sword now the thing that he points out on this chart that's quite interesting is nine hundred seventy one one hundred seventy one when nixon took us off the gold standard which allowed for a lot of the debt we're going to go deeper into that with another chart he provides in a moment but what do you say about all those debt that americans have they added an

average of one thousand and fifty four dollars in debt over christmas to be in debt is to express your true self as an american and part of the western consumption culture card debt is by definition your identity your credit score is who you are and when you combine social media as are doing in china any time you step out of line if you spit on the subway your social media index is degraded and your cost of funds goes higher and you get deeper into the casino gulag remember we're entering into the era of the casino good leg where people are glued to their virtual reality goggles playing video games all day for credits on shopping and if they fall into line they get electric shock after shrink thing and it hurts really bad but it teaches don't try to escape the casino gleg so happening in china it'll be happening in america it's already been around in the u.k. for one hundred years with no visually noticed because they want to pay attention to the u.k. actually. i did see over the break some journalist and

a woman from america who was traveling by train from beijing to or something like that and she mentioned that over the loudspeaker there were. and then mount st comes every half hour so that if you break any rules of traveling on the train that it will affect your credit score your social credit score that's exactly what i'm talking about social credit score tied into massive surveillance and billions of surveillance cameras are coming to work if you are personality behavior and character so that you never stop thinking about clicking on ads so mark zuckerberg is the let's face it he's the anti-christ so you're saying that ad blockers for example if you use an ad blocker so that you could freely browse the internet without having ads pop on you that lowers your credit score that you know you're a bad bad consumer strengthening the case so much in west hollywood they love that

kind of thing so talking about debt let's look at the numbers that we have here bouncing back from these purchases won't come quickly only half of those surveyed expected to repay the debt within three months others twenty nine percent say they need more than five months of pay off their christmas debts often leading to interest on the credit card debt and growing balances in fact ten percent of the people who took on holiday debt so they will only be able to make minimum payments on credit cards if the shopper spent one thousand and fifty four dollars and paid a minimum of twenty five dollars each month he or she would be paying down that balance until twenty twenty three so the debt they've incurred ten percent of these people will not be able to pay it off until twenty twenty three those are paid off because it'll be intergenerational it'll be passed on to your heirs it'll go on for perpetuity they'll be no end to it the thing that we will leave as a society is debt the egyptians are the great pyramids we've got the great credit card. you know unlike ancient civilizations of the past there are great monuments

and temples i think we'll have our landfills and credit cars you know essentially leaving behind and so in l.a. and civilization show up and whatever they do show up finally when it's safe to come with us toxic or they'll say oh my god it's safe to go there because all the people who run up all that debt are now. done so it's a good thing of course to see that in twenty eighteen max is not stopped with his. doom and gloom about the toxic nature very thing just so you people are worried but of course speaking of this average debt of one thousand and fifty four dollars a lot of people by the way in the new year at american airlines at southwest airlines at various companies i'm out around america announce that they're giving a thousand dollar bonus to every single employee clean part time employees because of the tax cuts so the rockefeller gave kids don't name on the street while he was plundering the economy and then you know rapaciously destroying any underpinnings

of a sound economy here should have a dime. between your teeth be my friend you know some of the give a thousand dollars is going to go immediately down to pay off their visa or master card they're not going to have it let's say by big oil and they're do going back to this chart that michelle highlighted that debt has exploded since one thousand seventy one when nixon took america off the gold standard and the us took the entire world off the gold standard by the way i did buy some gold over christmas so i'm going long gold again just so you know i think it's you know i guess full disclosure regarding this headline so he's explained the credit binge and he says the availability of credit exploded after nixon closed the gold window on august fifteenth one nine hundred seventy one at that point nations no longer had to spend their gold or hike interest rates to stop the flow of gold and trade deficit balances and this is a remarkable chart that he provides eric because i haven't seen it put like this

but this is the balance of trade this is one nine hundred seventy one for america their balance of trade with the rest of the world had to stay even because otherwise you're sending your gold over there member that we had to send navy ships full of gold to france when charles de gaulle asked for back here you see the balance of trade since then it's just gone this is us getting free goods from the rest of the world we just have to pay dollars is as worse than any of the worst of the all the coins. i would say use the word that is often used boxes about what they call oil coins but it's on mentionable on air that's correct it's inappropriate for a family show like this one to call the dollar by its rightful name the ha. which is a little known dialect on a faraway planet which means kaka actually you know. it comes from the latin prefix of ca which we carry forward to this day and we so you know we've been

talking about this this is something that we've been highlighting on report since two thousand and nine is the absence of a gold standard has allowed for the explosion of debt whether or not that makes people more free i don't think so i think having all this debt probably makes you less free i think this is why you see the millennial as the younger generation people are pouring into things like the queen and all these other all kinds of crypto currencies this is a direct result of what we've highlighted in previous episodes where this debt system is the real ponzi almost also guessing that the likes of jamie diamond say bitcoins and ponzi scheme well this this is the biggest perpetrator of this this ponzi scheme that is called the consumer credit outstanding economy yes yes dollar is is extremely dangerous to the world economy as well as the world ecology because it gives not only the consumption that's inappropriate outside of the gold standard but all that consumption leads to eco holocaust which are suffering now with the polar vortex and the fact that moscow is now like florida florida is now like

siberia that's all because of the gold standard been abandoned that's why russia is buying gold that's why china is buying gold because i want to bring back discipline to man of course bitcoin solves all these issues but as i said i have been buying gold yet recently because i think the what turned me on to it again was the fact that it became so so so hated we covered the story where hedge funds were dumping capitulating on gold dumping all their gold shorting gold just like going ending all their long positions and i thought you know they were all pouring into big corps and i thought well probably a good. time to go long gold again because this is really those blood on the street moments where it's so hated and reviled not even just like in a passionate way just like oh it's so boring and listening to kaiser report where max said gold is so boring so many times i decided to go along to your country and

yeah i listen to you and i go visit what you had said but. i'm with you on that i think the gold twenty eight is going to be good year for gold and silver because it's been basically sold off to the point where there's no more sellers so once you run out of sellers any marginal buyer starts the price action in the opposite direction and then that feeds on itself and you have a new resumption of a bull market trend that's the way markets for going to work it's been that way since adam first sold that apple to eve i know in the second half you're talk to richard hard again and i'm going to get my. endure this weather here and go along ocean does states and for the second half of part two richard hart so there.

seems wrong. but. just don't. let me. get to see palo. alto. and. betrayal. when so many find themselves worlds apart we choose to look for common ground. welcome back to the cause report imax keyser time now to continue our conversation with richard hart big asked oh gee original gangster i'd say who knows what he's talking about when it comes to technology derivatives trading bit coy crypto he's got an outstanding you tube channel that i watch along with the world trip down network also on you tube which is an outstanding channel to cover what's happening in the big client space richard welcome back thanks for having me first of all

a quick kind of housekeeping thing because a lot of people watching this might be new to the crypt of new typical and what's the best way to secure your private key is richard hart tell the people tell the audience out there what's the best way if if you want to be in the cryptocurrency space and have control over your money if you don't have the private keys it's not your money so if you have money in exchange in your name you don't have the coin you have i use you have little tokens that maybe they exchange honors maybe they don't they get hacked maybe they will lose your money so you really need to have your own private keys now i can i got in this game you generated private key there'd be no easy way to remember what it was because of the long computer generated numbers and letters then someone came along invented this cool thing called h.d. wallets i mean it's hierarchical deterministic and it just means that you remember the series of words and as long as you have those words you can generate infinite

new and private addresses from them and so this you know let's call it twenty four words seed. you can choose the one for the pentagon software use. it is all you need to access all your funds for ever so this is the seed phrase this long series of words as long as you write it down stored a couple different places you always have access to your funds for ever and very important that you are the only person that has access to the seed words because someone else gets access to them they can steal your money let's talk a little philosophical here you know you are talking about of course bitcoin you've got the key importantly as one of the chief features of bitcoin is that it's completely outside of all governments all corporations it exists in a parallel financial universe you could say and this is one of the greatest things

about bitcoin is that you are now individually sovereign as our friend jamieson loblaws likes to say so you had mentioned in a previous show that libertarians in this space they love it but they forget that there is a case look there's a history of cases and legal precedent of why certain laws came into effect so my question is kind of philosophically here on one hand the bit bitcoin essentially makes governments obsolete in many ways they make central banks obsolete you can transfer value back and forth and you don't need intermediaries you don't need the whole system on the other hand you have some what i would call an arc a capitalist in some cases are libertarians who believe that this should be taken to the nth degree and we simply have no governance whatsoever no governments at all where do you come in on that debate richard it's too easy to forget the harm that

is laid upon people that may not be as smart as you. so you may be able to tell the difference between a real big corn and fake corn but most people's grandparents cannot and it could cost them their life savings i think that most anarchic capitalists and libertarians support laws against deceptive and fraudulent advertising i don't think any market or any capitalist society works better with a bunch of fraudsters lying cheating stealing colluding price fixing. rent seeking and creating monopolies i think those are the enemy of all well functioning societies and an ounce of prevention is worth a pound of cure so the easy way to prevent terrible horrible things from happening in large numbers to stupid people is to have laws which regulate and set

a referee to allow fair free market you know people forget what the word free in free market means it means regulated it means there's rules that must be abided by it means there is a referee the keeps things fair you know if you played a sports game and there was no referees everyone would get their eyes poked out everyone would get their fingers bitten off and then some smart person would come along and go you know what we ought to have a referee for this it would make everything work better the financial markets are the same way so light hands off as laissez faire as can be but with a strict playing field so that people can compete on the merits of their offerings and not collude cheat lie sabotage and make the world a worse place you know you if match and that you don't invest in so-called all toys they hundreds and thousands of competing crypto coins out there and a couple of questions one is. are you

a big point maximalist and explain what that means and second of all to follow up on your previous answer there what about this concept of a distributed autonomous organization because some of these crypto is are all going to do go down that path and it seems to address some of the issues you're bringing up there. richard there are things that other tokens can do because you cannot and it is likely that there always will be so if you're interested in strong anonymity your options are either tumbling in coin mixing your because in which you've got to be pretty smart to make sure it worked you got to make sure the coins you sent you got back different ones they could just send you back the same coins and then you've tainted yourself right but other projects are better at that for instance marrow it's better at that and there's other projects which focus on anybody or better if you want really cheap transactions at lower security tons of all kinds can do that because you can't because lightning network isn't fully rolled out yet

you know there is a place for because. as a settlement layer for tier two things as the most secure network but there's also a place for you know other use cases like anonymity like super fast transactions like super cheap transactions until tier two and decline rolls out you know once we could drive chains inside chains all those experiments can be run next to big going but with the same acquitted people and will be amazing. but they're not here yet and so you know mid term short term you know there's a case to be said like for instance like when money's coming in the coin base there's only four things you can buy in there and people have a unit bias towards the cheaper ones because they want to whole coin not point zero zero one of a coin. so you could make a case to be along those things in the short and medium terms until milli bits gets up there you know. i you know and also if you're a big holder you can't be

a big list anymore because they keep handing you free air drops in three four points so even if your big maximalist you're still getting handed free money for hold because. you know i mean dick when maximum. it's almost dead just because of all forks and air drops and i like a project called by paul and they still give them out free to bequeath holders that's pretty cool you know free money for a really cool project. hard to turn that down right absolutely by paul people should check that out i want to return to our conversation about bitcoin cash of course the highly contentious plagiaristic spinoff of bitcoin and it just so people understand because there's one notion out there the wall street crowd will say well the price is all we have to look at if it's got a high market cap and the price is high that's all we need to know and the law law we have been a is a law of high prices and it's right it's high priced and they ignore the fact that

in this case you've got a concerted effort to sabotage bitcoin and can you walk us through for example how spamming the bit coin network works walk us through how a bad actor could assault bit coy in favor of let's say a spin off and just go through that you know the bullet points that's a people have an understanding that there's something a lot going on under under the surface that's not covered by m.s.n. b c the i'm sorry c c n b c these other outlets rights are god the concept of market cap is fatally flawed so if i were once again to make a copy of the kaiser report and call it as your report cash and then take your market cap and then just assign some percent of it to my new thing that obviously would make sense so let's take a look at what they do be cash. we make a copy and then. no one can trade it no one can sell it because they don't have

access to it so the people on big exchanges like zappa had to wait to get access to their coins the people in coinbase had to wait to get access to their coins they just got access yesterday which due to the delay will probably be a couple weeks ago when this airs so you can't accurately price a coin that has artificially restricted access half the people that receive the token may have no idea that they received it if you were on your island or your yacht enjoying your because on earnings sitting on your massive stack would you have to plug in the internet every day to see what new four coins you got to see what your new net worth really is a lot of people don't even know that they have these things and people in centralized services haven't had the ability to dump them so there's been an artificially restricted supply and therefore an inaccurate price also when you have a normal token that has started from scratch with its own name brand confusion with its own technological offering improvements. people purchase into that and drive

the price up by doing so voting for it but no one had to purchase this thing right it was given to them for free and so it's a very misleading and artificial way to create money out of thin air out of nothing and it's not reliable which is the reason when this thing first launched its value was point three i'm referring to be cash it drop down to point one five point one zero point zero five and it jumped up point one point one five point two massive pump point three then went down again and it keeps doing this oscillating up and down because we don't have a real price because people don't have access to their coins to dump them it's. it's a shell game pretty much the distributed network that is because the network you know you go back to the ninety's i remember when i was involved in the dot com at that time the seti project was launched a search for extraterrestrial intelligence so they were you know network

distribution parsing through signals from outer space looking for an intelligence and you know big point in a lot of ways you know picks up on those p.t.p. that working picks up on this the torrent network picks up on this you yourself richard hart have figured you know i got a project recently you know this whole distributed network it combined it with the crypto currency we can do something that's mind blowing life changing planet changing we've got about a minute i know you're involved in a project in a very interesting project just tell us first the name of the project and then the bullet points what it does record so cryptocurrency is are over secured they don't get they do not get attacked through their house power they get attacked socially so we're wasting a lot of electricity little bit more than necessary for the type of security that we need so would it be great if you could have a corrupt currency that still provided the benefits of you know sovern ownership and bear asset but also actually solve for

a world problems so instead of just hashing shot two five six over and over and over again you were solving real problems such as computational fluid dynamics problems when we go to mars that ship gets designed in the computer first the rockets the power that ship it designed in the computer first so the better algorithms and the cheaper the processing power for that type of processing and the sooner we can get to mars the faster our cars can be the better our fuel efficient our engines can be you know anything that involves air fluid or movement needs to go through see if the machine figured out you know you want to contain plasma fusion to have you know fusion energy it's all got to be done in a see if the machine all right the name of the project is what c.s.t. token dot com straight dot com ok we got to go out of time richard thanks for being on the kaiser report. all right well that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert like this like

a guest richard hart catches you tube channel it's actually if you want to see us on twitter it's kaiser report and select on. here's what people have been saying about rejected in the senate it's full on. the only show i go out of my way to launch you know what it is that really packs a punch at least yampa is the john oliver of party america is going to say we are apparently better than blue the things that i see people you've never heard of love or down to the night president of the world bank very. seriously send us an e-mail. there. are.

tons welcome to worlds apart and latin adage goes that if you want peace prepare for war countering or deterring aggression through the use of force is part of the most basic human instinct the one that when indulged righteously often leads to barbaric waste of humanity what we take for the won't adopt the prepare for peace rather than prepare for war well to discuss that i'm now joined by still less worth it this advocate and founder of oxford research group it's great to talk to you thank you very much for your time well you've been an advocate for nonviolence for many taking teesside the examples of mahatma gandhi nelson mandela and some city as people who personally. inspired and they all strike me as heroes of the twentieth

century i wonder if their lives stories as inspiring as they are still valid today when the nature of conflict and the nature of politics have changed so dramatically i agree with you that the nature of conflict has changed dramatically but if you take the qualities of somebody like mandela they're enduring and i can give you a very clear example of that i think it was the second time that i met monella and he started speaking to a room of about sixty people and he's not an orator here's a rugby voice but as he started speaking i got shivers on my skin thirty minutes later i still had what we call an english goose bumps and i asked myself why what is this and eventually i figured out it was the sheer energy of his integrity and i received that bodily so this was clearly a man that you couldn't push around and.