it was a stealth fella they'll keep printing printing printing printing printing the value for money continues to crash against that point so now we're going to move on to the next headline about this and it's very very british i think it's good to end on this very british headline karelians highly inappropriate pay packets criticized the main lobby group representing u.k. bosses has savaged the highly inappropriate pay packets awarded to directors running the now collapsed construction giant currently on the institute of directors also accuse directors and shareholders of the stricken firm of failing to provide appropriate oversight of the company which is involved in a host of major government projects and vital public services and slumps into compulsory liquidation so roger barker head of corporate governance at the institute of directors says it's highly inappropriate that these men wear warranted these massive bonuses throughout the basically collapse of this company they also a year ago did basically change their own governance structure whereby their

bonuses are not subject to claw back specifically they removed if the company collapses well the problem is and i've said this before the british character views that type of fraud as quote unquote clever ninety nine percent of the british population have president of the fact that they've had their wallet stolen and beaten about the head by fraudsters will say they're so clever how do i get into. how do i steal money like this right they don't see this shortcoming they see this as the british character is right up there with barbara in a bulldog's is theft so there's no outrage against it because there would be an outrage against the queen and the flag first of all the second of all they're going to have an inquiry to decide whether or not to have an inquest whether to form a committee whether to explore the possibility if in fact there needs to be a discussion about possibly prosecuting the alleged crime and that will go on for so. right years the statute of limitations expire and the clever robbers will you

know run away and i want to say. your clever little thieves we love you because you're so british you want to put the marmite uppers french frankenstein like a canary because you're a fricken idiot. ok well again i'm going to read you this how the home quotes because it's quite important to understand the. you know the scale of what it has been don. and how. you know the language is and how to get out clauses are already in there so this guy roger barker he's the head of corporate governance at the institute of directors said that the collapse of the company suggest that effective governance was lacking at corralling them yeah that we must now consider if the board and shareholders have exercised appropriate oversight prior to the collapse i want to make a point about this is that the share price has been falling steadily since twenty

fifteen and then it really started to crash in two thousand and sixteen and plunge this summer so who is short that's the whole time who is making money the whole time i guess max tell me who george just more no no no it was hedge funds hedge funds are shorting this they figured it out they knew it despite hedge funds shorting wildly it was the the most the most shorted stock in all of europe ok so how did the government not know how did in that condition the government continued to give them billions of pounds of new contracts because they're corrupt because it's a constitutional monarchy where there are no citizens there are only subjects of the crown and they wanted this to del boy economy you know member the show fools who are fools who are only whores only fools and horses only fools and horses where the that they hero is a schemer you know this is just on an epic multi-billion dollar skill that's the

national character. that's churchillian churchill was a school schemer you know easy easy easy easy awful guy and they make these great movies about him but he's a club the crowd. well that's it for this half of that chis report stay tuned for the second half a whole lot more in the state just in a second how much more. clear. cut a walk to sell you on the idea that dropping bombs brings police to the going to mark forcing you to fight the battles they believe produce offspring to tell you that the greek goddess of the public but i felt a little more use a day. off of advertising telling me you are not cool enough to buy their product please. leave all the hawks to me along the border good

luck. welcome back to the kaiser report imax kaiser initial coin offering you know i don't think we've actually talked about this is going off on this show well let's get into right now arie you see the chief operating officer of storm token ery welcome thanks for having me what a pleasure to have you on i'm hearing great things about storm x. and the storm token so that a successful initial point offering in twenty seventeen tell us about the storm. and game of five micro tasks what is it yeah so we've been in market for about three years originally under the name bit maker with just i'm told can we rebranded

a storm play we're on the android app store and basically we're trying out different products and services like hulu games the whole final fantasy who where you get paid in crypto whether it's a big and now storm took it into the subtle bit more subtle game of five micro tasks and tokens and i'm earning tokens gaming all worked through that a little bit more for me and for the audience what does that mean so we're a marketplace so from the user perspective i get paid terry we're pick winter storm we're trying out different products and services so that's a user perspective. and we came off i the experience of that. you sort of have this like journey so step one download the app stop to create a profile and each time you get paid say a dollar and then when you hit the final goal of trying out hulu for thirty days we'll pay you fifteen dollars in the theory and. so if i'm on

a social networking site like that and i'm putting up content all the time i never get paid if i'm working with stone tokens and i'm interacting out there i'm getting paid you're going to pay for my interaction micro tasks so you're. are you disrupting are you just something social networks first of all we're disrupting the way advertising works so from the other side of the marketplace there's advertisers pay for clicks and likes and downloads but if you're a store owner you want actually people to come into your restaurant try an appetizer and you know give you a real try likes and insults don't really do that and so we thought hey now business owner who what if instead of paying facebook or google for fifteen dollars of clicks and likes give us the fifteen dollars and we'll give it back to these or to actually try your product everybody wins all right so. the oh yes so the crew that's a pretty so you're up there on the c. suite so to speak and. so you're not the chief technology officer you know the

chief executive officer or the chief operations officer just for thirty seconds kind of break down what it does with the i.c.'s startup so my responsibilities are the day to day operations of the company it literally is everything and whether it's resourcing systems processes payroll whatever it could be i'm responsible to make sure that day to day we're executing right so this is a very you know this is a heavy it's a variance and all kind of false facts you know and also if a lot of ways i understand of this is rolling out of it in a fantastically successful let's talk about i say. for those who are uninitiated what is a nice to go so i.c.a.o. stands for initial coin offering from our perspective it's more of a crowd sale so sort of like kickstarter and crowdfunding the world the masses you support projects that you really believe in you put in a dollar you put one hundred dollars whatever it may be and you get

a token that says i'm a believer in the store and coke and project i believe in every day micro tasks people being put in anywhere any time a device so what's the controversy with additional point offerings because. it's not equity. right it's not regulated some would argue by equity regulators. but then again it's not. there's a there's threshold in the ice you know market where it has to have a utility value and how cognizant of you are are you to make sure fulfills that role it doesn't fulfill that role and how does it fill that role. very significantly you know where this is something that we think about all day and all night for us where utility took and there's two kinds of tokens right there's the security tokens where you actually are investment. into that company where utility token because we already had a product where the token was immediately utilized usable within our system and

that those those are the basic thresholds ok that utility not not to you can't but those freak out of school or anything but i guess you know i just sent my following question so yes you see clearly they're on all their on this like you know. you know so so how much dialogue if any or do you have to do are you do you have dialogue with them or how does that work that relationship because they're clearly they're looking at this very closely yes they're looking at this very closely because with anything with this much attention and this much impacts globally you want there are going to be some bad actors right for us we don't have any direct contact with the f.c.c. but we do pay for a very expensive partners you know the perkins kui firms and into lloyds who actually do have contacts with c.c. and are working very closely with us to make sure where we're going to step in where being very above bar above board but of course i guss lord in how we execute and operate the company yes you see seems like there are looking to encourage

innovation i think stage of the game they don't they seem like they're really trying to sort through all the players of this and try to warn folks when they see an obvious. bad actor there they're trying to encourage folks that are doing it doing what they would perceive to be innovative things and the money raised on this you know you're not going through the v.c. route and who might take equity so this is just cash how much money does race let me ask so we raised it and decide where two thousand and seventeen and we sold about thirty two million dollars u.s.d. worth of strong pickens ok and so. how's your market for the spend of the next couple of years what are you looking to do so right now it's really starting up the team we went from a humble team three four very scrappy entrepreneurs now we're bringing in you know very expensive chief of staff we would take technology or we're bringing in someone to really lead and to find a future where our products are going to be engineers who can do

a lot of the heavy lifting and so really raising the bar on our team so that we can execute really fast and then not make the mistakes and you know we engineer it so bringing in the old with the new all right so bringing in some senior folks to try it so when you wake up in the morning and you head off to the center pod or the office or the you know wherever the all i or i or you look at it so we're working out of seattle washington right and it's basically two rows of that's where we work side by side our little laptops all day long oh so what what what what do you what motivates you about this project i mean when i said game applied micro i mean i can see that this is kind of like a glimmer in your eye you really believe in this right so yeah tell us what your what is your passion about this because you know your passion is what's going to make this project you and your your colleagues what is it that really gets you

excited it really is the idea of earth anywhere anytime from anybody with micro tasking technology we can actually really. it's a normalized i don't that's a good word. normalise how we are really a global nation so my my story of i often tell is on timbuktu maybe she earns twenty cents a day and that's her living but with machine learning costs where she identifies one hundred oranges in photos a day she can earn a dollar a day so we can significantly increase her standard of living she can easily turn around and teach uncle to do i wonder photos of oranges today so now they've doubled more than doubled their income for the family they can teach your entire community their churches whatever their it is it's a whole communities globally can rise thanks to my corrections actions most aware additional transactions to date are not built for transactions under five dollars and that's where block chain and the storm token particularly is built for micro transactions so we hear about the claim

a lot of fees now that are transactions are not happening to some degree soaks or getting it just saying hey come to us we got they were better for payments etc but you're really specializing that five dollars under not specializing but you have a sweet spot there i guess you could say so. the folks that are around the world that were this could make a substantial difference to their lives right because people are living on a dollar a day five dollars a day ten dollars an hour they're very low income people and and if they have access like nations in africa for example have phones and things where you see growth in this work countries are growing up with this it really is more of the developing nations we are very popular in the philippines thailand indonesia of course mexico brazil but we actually have a very strong u.s. population as well so it's it's it's literally quote one hundred eighty some countries right and now some like crypto in general so the crypto market you know we got very frothy twenty seventeen twenty thousand of it going the whole market

one hundred eight hundred billion eight hundred twenty billion we had a serious correction i guess you could call it you know back to fifty percent some of the smaller points. how does that impact your business if at all. it impacts us because our communities really care and it really impacts them but overall as a company we're here for the long game versus the you know the the bumps it's going to be a bumpy ride there's still a lot to be figured out about krypto and tokens and and block chains in general our business model was already fixed we were already a growing company our own is actually double from last year so. if we continue to focus on the numbers that really do matter versus the short term ups and downs of the token and all of. that that's the banks around the token yanks i don't think there were just token. centered mostly i think it's you know there's a lot of new people coming into crypto and they see them outside of what could

market cap nearly. you know it's ok it's ok so you're vice chill yeah long game versus short game there's a lot of things that need to be figured out a theory i'm sort of like dial up in you know fourteen point four kill a way dial up. the internet there are still some things that need to be figured out but it will. be fair to say are you. i'm on the borderline after life coming after i am one because so i am one hundred seventy nine formally i'm neither millennial nor gen x. i'm. sorry and so we hear that this generation is now accepting crypto as really they are they've growing up i can. understand that banks are inferior in many ways and they are opting for their living just like people have become you know smartphone from you. know what about that is that true what you see that in that regard it's it's

a whole nother way of living i mean you go out to lunch and you bend mo where you know. jack's wallet somebody you know a payment and you're done that's it it's very fast and simple. and banks are seen as dinosaurs. that's not really part of the necessary day to day life they're being distant immediate they're being destroyed now you don't have to go drive to the bank to make your deposit or pick up checks anymore like you know we did in the eighty's now it's. done with crypto there's an idea that you are owning sound money you are saving money in a way and that's very different than the generations we've just experienced end up going deep deep into debt. already is your perception of money big philosophical question but is your perception of money is that you think different with crypto versus let's say the outlay us dollars and that bad rush to use credit cards and go into debt is there any generational thought about that i think the younger

generation say the millennial generation cares more about experiences that like the consumer he i need to have stuff so that's a little bit different and then juanita fish and see. valuing time very differently to how we work and live it's a box on the lottery every you chief operating officer of storm token thanks so much thanks but that's going to do it for this edition of the kaiser report with me max kaiser stay here would like to thank our guests terry you oh still to look at if you want to catch us on twitter it's kaiser report.

with manufacturing sentenced to public will. when the really close is protect them so. the financial merry go round the sun be the one percent told. to ignore middle of the room sick. of the real news for. a month and i will. be i.d.d. the man didn't believe in it did it look. to. him that

i don't know much about. the u.s. secretary of state claims russia is ultimately responsible for the chemical attacks that have taken place in syria since moscow intervened in the conflict regardless of. protests. against the gathering of the rich and powerful of the world economic forum in davos where donald trump is expected to make an appearance later this week. the u.s. government confirms that several americans were among the twenty people killed in the assault on a hotel in the afghan count. from

around the world this hour welcome to our two international your company our top story the u.s. secretary of state has said the blame for a chemical attack in syria since russia's intervention in twenty fifteen lies with moscow regardless of who was behind the. whoever conducted the. rusher ultimately burrs responsibility for the victims and the. countless other serious targeted with chemical weapons since russia became involved in syria there's almost no information available all of these reports are coming from twitter from various sources the white helmets for example whose leader was banned by the entry into the united states because of his ties to extremists whose members are actors body baggers and the al qaeda executions and who operate exclusively in easily missed areas areas of syria held by hardcore islamists these reports have been echoed by

the syrian observatory of human rights which is also being called pro opposition but as for the facts the information we're seeing is a bunch of metal canisters metal canisters that reportedly targeted eastern ghouta just just east of the capital damascus and there are reports of two dozen people injured according to all of these activists there's no actual footage of these bombs and chlorine gas i've seen during gas used back in the battle of aleppo it leaves behind a huge greenish cloud and it isn't difficult you know to take it to take a picture which would which would say a lot more but there's there's no pictures there's just pictures of empty canisters laying around on the ground and even experts a loss to explain how exactly these these catus this work they're saying thirteen

shells started to the east and guta and who need two dozen people were injured it's strange as for secretary tillotson this argument that russia is somehow responsible for a crime that may or may not have happened and which hasn't been verified well that's a that's a far stretch. it would be like holding the united states responsible for every time that its allies the afghan government forces the s.d.f. every time they stage an execution for example every time they commit a war crime it's a stretch and i would say politics more than anything else as for this attack in eastern guta there's just no information available and the information we have is from less than reliable sources right does the evill we discuss rex tillerson statement with former u.k. ambassador to syria peter ford there's no independent corroboration of this report and reason to believe the discredited white helmet

had chlorine gas being used it would have been a cloud which would have been visible and photographable so the report. very hard to credit. simply is not logical it's almost comical in a absurdity regardless of who used them grotesque it's not serious the american the not serious at all they just want to score points in the wrestling the big power game with russia. this with martin resort of davos has opened its doors for the annual world economic forum with this year's focus on creating a shared future in a fractured world it's pulled in a record number of world leaders being to donald trump it was only the second ever

u.s. president to attend the summit but many are determined to show he's not welcome. ah . i run into people marched through the country's largest cities rick to deny entrance visit the entire gathering in fact several smaller protests took place elsewhere in such a lending setting geneva trekking through the night except look at what's on the agenda in davos this year. the world economic forum is well underway here in the scenic town of davos nestled in the swiss alps and the guest list is chock full of political heavyweights such as may merkel mccrone and to many surprise trump no one expected mr america first to even consider participating in a forum whose boast the globalist idea of creating a shared future in a fractured world and yet he's slotted to be the last speaker of the event and will most likely use the opportunity to soapbox about his own brand of economic

nationalism and all the political elite continue to enjoy the conference and rub elbows the i.m.f. has warned that the current economic climate has caused voters to lose faith in them voters in many advanced economies have soured on political establishment doubting their ability to deliver broadly shared growth in the face of tepid real wage gains reduce labor shares in national income and rising job polarization and in reality that discontent really shouldn't be all that surprising given that those in the ninety nine percent aren't the ones enjoying the benefits of the recent growth oxfam who works towards the relief of global poverty as recently proud to report outlining just how dire the situation is revealing that in two thousand and seventeen eighty two percent of the wealth generated went to the top one percent the number billionaires skyrocketed leaving us with now over two thousand billionaires world wide and as that economic crisis continues the focus of davos seems to have blurred a bit at the politics of two thousand and seventeen leakin for the first time ever

the summit is church solely by women and a number of the discussions really don't seem to have anything to do with economics at all focus. instead on race privilege and harassment all of the greatest hits from the past year the social issues of two thousand and seventeen including. inclusiveness. was mentioned and all the things have been everywhere in the new sport that sounds important maybe but not as important as the economics of the summit i think that north america europe japan and all the developed nations have never been as inclusive as they are now all told by the way of course there are reactions. to certain things like the migration crisis but the people are used to it now much more than before and we are very inclusive it's not a time for crusades anymore. well a delegation from russian cyber security company personally lubber out. to talk to

us about the gathering and the issues they face. i would say the trend from the last two years and actually one of the main topics of this year in davos it's fragmentation of the world unfortunately it's happening there is a global geopolitical tensions and fights between countries and it backfires private companies. i would say that the pressure in the united states is enormous it's the biggest it's really disappointing for some reason and surprising for me that that private company can be limited in its operations in the contre with no reasons with no facts just by a decision of the us government it's really frustrating because it means that we can't protect our organizations in years government and. that is one of the best according to independence and this is just means that. they leave themselves on protected from from cyber crime and from cyber attacks which is really frustrated and i believe that in the long term this is just very. very wrong decision to independent private company from its operation in the country. and with all those

v.o.i.p. guests arriving this time the resorting to a bit overwhelmed by its signature feature this snow over the past week it's see nearly two metres of the white stuff the heaviest in nearly two decades traffic's been disrupted with many delegates struggling to in fact reach the venue there's also a very real danger from avalanches but the discomfort house and stopped the online community from seeing the funny side. that was reality economic and environmental social and political fragility in avalanche territory a loud noise can bring the whole mountain down and donald trump comes to town on friday turns out davos is actually a social experiment when you gather a bunch of the police then make them carry their own luggage through the snow and then winds with each other out. one what would happen if. no one could leave for a week and the world realize that it could run itself without the business and political elites. turning your attention to france now where prisoners. off across

the country are blockading detention facilities and calling for a complete overhaul of the system there over one hundred centers have been affected the protests are in day nine and began after a series of assaults against prison workers by inmates one of the hot spots has been the ferry. geo near par it's the largest in europe polling more than four thousand inmates it's also used to monitor suspected extremists among them is salah . who faces trial of the twenty fifteen part of terror attacks held demonstrations ites side the prison on friday violence broke out. which is about as today we've all come here for a strike because discontent is spreading across france.