reform there was simply a bailout of the creditors and they were given more debt and more credit to expand the bubble to new epic proportions the difference with this crash coming soon now in the banking sector and in the sovereign debt market will be that instead of governments printing money to bail out these institutions they will engage in what are called bail in that is that direct confiscation of money we've already seen a test case with wells fargo bank here in the united states they test case this process by stealing money out of millions of accounts wells fargo they stole money like this like a common thing because of course they're terrorists and have a comment about that wells fargo but you know you've seen with polonium two ten can do to a man and they were just going down the road to steal people's money and oh did i speak out of turn so wrapping up on this story because we only have thirty seconds left i want to say this house i household debt two hundred percent of g.d.p. will constrain further borrowing in the future we've talked about this in the past what are they going to do with the next financial crisis have they can have this

you know s.t.r. is the i.m.f. going to come in and roll everything out is going to be gold it could be crypto currency and i don't i didn't mean to threaten anybody ok that's just metaphor i'm a poet that's why i'm popular in the rap community now stay there for the second half because we've got a fantastic interview coming your way don't go away. the rebuttal from steven both. hollywood suspects. proud american interests george bush and r.v.'s to suggest this is my buddy famous financial guru that will use a little bit different. with all the drama happening in our country and. everyday americans. let's be sure to

bridge the gap this is the great american people which. has read the sand had a home of. our all over them with a smile. and our goods that are in our blood from a thief and our brothers going to profit off the floor for them to care that. i'm going to let them but i don't catch him any such an american kid and. i don't lose a child for truffle that it will never tell. me about the world and then i'm on my machine little side of it does the thing the only a mile the. number set up around the hay for the innocent doing.

good for its hole for first choice for a gun the i knew where you're from and they are child mysterious said larry is she a divorce from my last farthing live after the couple fights around mr hates it for jim and then where for hope is our friend in the course. of the morning. back than if i.

bought a bag of the guys report i'm max kaiser time to go to a special guest investor and c.e.o. of and founder of oh group. my a. billion of it's my own welcome to be here previously you were the chief innovation officer g.e. digital so you've got experience in let's call it the fortune five hundred you know the big most highly complex companies in america and you bring to them your work in artificial intelligence and you are now deeply immersed in blocks shame is that correct that it's correct how does block shame factor into what you're doing now

where investor in watching companies in ai companies and cybersecurity companies were absolutely fascinated with the empowerment that watching can bring to our our own isn't power because the decentralizes a lot of the business models that exist today and allows you to have a bank on your phone versus a bank account so decentralization in this instance though is also distant to mediation that means that a lot of the layers of a big or enterprise are squashed housing associations are made more rapidly and more effectively i would imagine absolutely you're absolutely correct a lot of business models that you just pointed out are going to be disrupted very fast because suddenly people can trade between themselves without ever needing a middleman there's a question for big corporations or any corporation typically they make money out of solving inefficiencies you know for example the car from henry ford was officially produced and people can get around a lot faster and the economy grew as a result but are we at a stage in capitalism where the efficiencies of these big companies is so great

that the margins for profit are squeezed down to zero for example if you're in a micro transaction business and you are looking at profits that are even smaller than a grocery store in grocery stores are only two percent profit margins are gross profit margins but you're talking about even less than two percent how does that translate into earnings growth and how does that then become we've hit peak earnings i'll just point. raise right now due to the hyper efficiency of block change not just hyper efficiency block change hasn't reached the scalability let's be clear ok it hasn't and i actually. am challenging a lot of folks out there to say that block chain is scalable it depends where you're at the fence what kind of legacy system you have depends what you're trying to do depends what your customers are trying to do so at the moment some of the platforms out there that are achieving some scale ability will need to be integrated into legacy systems and do you're right

a lot of the big companies are squeezed out and a lot of the companies are going to be squeezed out not only on a profit side but on the transparency side not just locked chain but many other technologies that are merging tech machine learning satellite data cyber security a.r.v. our robotics octane our whole forcing transparency on to any platform that exists out there so if you don't start innovating yourself very fast you're probably going to lose out you say it has to be integrated into legacy systems y. and others these are new systems they're replacing existing systems like p.d.p. music file sharing on the web it didn't have to integrate with that's a long playing records or cassette tapes in a blitter rated that model i love that analogy that's an amazing analogy and i think you're absolutely right some industries are not going to need integration into legacy systems because they will just need to leapfrog as you just pointed out in music why do we need to go back and integrate in certain things unfortunately

some industries in the world that not run that way and they are run in the way that current systems work so why change them also have to remember that a lot of these companies run by quarterly numbers and they report to wall street and so space for innovation is very tight and so in order to mobilize your whole team to innovate in something new and see if it's worth investing your time right because remember so many innovations are coming at companies and how do you choose as a leader of a large company is there. difficult for you to achieve in any case there was a time astri it's digital yet that is obviously a candidate for block change innovation now you're saying ok some industries let's call the cement industry or they're mixing rocks and couples and water and it's hard to imagine how block chain is going to transform the concrete business you've got to move it in a mixer you've got a port on the road and you've got to make a road basically so is it going to bifurcate the industry they'll be some industries that are legacy but not legacy like they're ever going to catch up with blocks and then they're dead they're complex the dinosaurs and we're moving into

people are going to instead of thinking oh concrete needs to be blocked chains are going to be thinking like water and you see is my mind to use a block saying to communicate with somebody to africa using sauces tokens better need to go there at all i'm just like flying in outer space and george jetson you know you work with artificial intelligence and you know you go to some tokenized robotic were or you know my my thoughts are monetized ok can i want to opt for sunday in the in the kalahari and then there was some woman who's making is i think what's going on so i think i think you're right the industries will need to be separated in two ways there are some basic core of an industry that won't change but if you look at the example of the cement industry absolutely the payment system and the supply chain will be probably not just by block change how does this if i want my consciousness expanded to the point where i don't care about jeff bezos now like if what what what's clapping are you going to. essentially hypnotize me into thinking that i don't care anymore or years ago i used to going to do the worst

power member on the in the us are what sort of yes the guy from from from from greek mythology you know not for the measuring blade for the matrix maybe i do want to be a god you say you want the red pill but the blue pill you would have to steak i know the steak is fake but i'm eating it anyway you're trying now in our own. it's the way to go here the background is amazing in terms of your ability to synthesize all this information and come up with your own theories but it just seems like if i look at the world today and i see what humans are doing to the places they live their ecosystem you know i remember had an ant farm as a kid and if you know the answer ventilate a foul their own environment and they die off unless it's so i mean it seems like humans are doing their best to make the earth in in the hospitable for themselves inhabitable not comparable to that isn't that kind of happening and is

a ready to abandon humans and i think again does are some of the really far off questions right because we don't know that yet i do think that there are a number of people out there who are trying to use technology for its good i mean look at the centralization and walked right there is a whole spectrum of law change right now that's being developed for social good for financial inclusion and for bringing more people out there onto the economic platform so i do think people come with good intentions but i do see absolutely exponential growth of technology and our inability to keep up with that exponential growth so unless we have a conscious design into our system no technology will solve our problems will still have to have a will power and we still have to have a conscious decision to solve a problem president nixon about the rate of evolution of the well you know selection of the fittest they need tensions that are involved in this like in the technology space going a lot more rapid pace like they're out evolving us you know we're pretty slow

procreation for humans is relatively healthy compared to your algorithms you know the mating with each other and giving birth to new algorithms new machines you know and so it seems like they're racing ahead kind of in a break next speed what do we as humans have to fight back i'm in the camp of ai is going to win this thing it's going to happen a lot sooner than he wants expecting how do we fight back my give me the high reflex right now i need to get. so now you start to maximize a civilization then just what would you do what would how do we fight back not every fight about us i think you need to go to block chain boot camp learn how to block tina works and start fighting back how because of that i have some rudimentary knowledge of this one what exactly would that mean i can live with jamison locked in the north carolina hut with guns and prepare for the mock ups and start going down my neighbors yeah i again i think here are taking it to extreme we're not there yet and i haven't really thought about you know next fifty yards

and i don't know it's not only that i don't trust you because you're looking at me with these brown eyes you're like don't worry we're not there yet but you know that we're there we're on the threshold of the extinction event for humans and machines essentially are taking over. so i think we every single one of us as i said carries a conscious decision to influence the technology you know why our ability to the fullest by the technology already our conscious minds we're outsourcing our information to google no one bothers to memorize anything anymore don't boast of thinking more like your members use kinds of carry through in the case of our needs our wants and our desires and our titillation that's all i don't have a button and there's no effort anymore distill the physical calorie of humans as is becoming the blob stay we have no reason even to get up in the morning anymore the machines have taken over what were my going to have i think i think one of the things that i would point out is the pens and the place in the world your n.

a lot of places in the world that actually need to get up and need to do the work i think we belong in a bucket list lucky some would say lucky some call unlucky rain and other places in the world they're still very far off from what you and i are talking about so i think the world is becoming very separated so geographically this is a case like that for a second in areas of the world that have been separated by physical distance it just to get water would require a trip. well into the river to ours and you're saying that this ai enabled world means that the same compression of time that we enjoy in the. advanced economies kind of is coming to economies that have been not participating absolutely in a way especially with a chill less than e being in place so is that accurate and what does that mean for these for these areas of the world exactly i think it's absolutely accurate the world is becoming

quite a pretty folks say that the world is becoming more interconnected it is becoming more interconnected and it's easy for us to disseminate information and to block change possibly even trade value right in a fast way but you're absolutely correct some of these places in the world it's going to take much longer to catch up but that you know i could argue back this is a happy ending i'm going to stop all of that answer this is a happy ending some other words the consciousness it's a word you brought up a few times that exist in places that are cut off it's now able to be shared because of the tokenization i mean so folks are being from extraordinarily rich cultures you have d.n.a. that goes back to time and i've been associated with some of the greatest artifacts and cultural and in art that is now being joined up. through the platform so my consciousness is being raised by being connected tokenization to somebody else somewhere else right that's right it's just that's that you know you see. so you see like

a tapestry i was conscious to me how or when i see absolutely empowerment of you here and a person somewhere in africa that can trade something of value without a middle person and the thing about you could have thought it could be the thought of tokenized yes and then we're going back and forth on a micro transaction that's right right and so we're creating procreating in digital space and we're giving birth to digital offspring through the exchange of like you called digital seaman on yes. if you want to ask you. if you want to chat if you want to say that. i don't say but i'm using a metaphor of course yes you're but i hope so. you don't challenge my metaphor it's you do you might no comment so you're an investor and founder of a group which. could mean a number of different. order stands for orpheus jack stands for yes yes but in the

oh where you can roam and mentality and if it's there are fears it was a. guide a significant figure that that could charm people and sway people there his way through music and crown the music right yes i feel totally charmed that our know what this company does for you i'm sorry i'm going to follow this woman whatever she's doing i'm following her that's it i just just a future well we got to go thank you bring on thank you so much it was good to me and well that's going to do it for this edition of the kaiser report with me max keiser and stacy herbert thanks to our very special guest. who you know if you want to catch us on twitter it's kaiser report it's like time buy oh.

yes it was but we can watch for you. yes we will but also. believe we'll do it so well mostly we're going to we will soon will but you know what the stuff in the bushes i saw. you move you can go you know who was scott's move. to close the week you know you. use your resume you took stage. you will know that you know. of course if you do the armor if you can you get other coolies up on you the mob boss may give. me my suspicion. if i were a public opinion i would seek to help myself and all of my friends and my family of leaders at the local level of the national level be arrested by israel what you

need to do is hold a mirror up to the israeli people and say this is what you're creating this is the reality on the ground we're not using violence we will not cooperate with the occupation any more i plead with the public in the non violent struggle because if you use violence you will never get the support of the israelis or the world. prescribe medication is widespread on the u.s. market and a frequent cause of death at that point in my life i just felt like everything was ashes my family was literally coming unglued i had actually planned. to commit suicide watch all who has made antidepressants so commonly used we were doing what the doctors told us to do we were being responsible and what the real side effects . is is gently alter what i did was done on

a cocktail of lethal drugs. just because something's legal doesn't mean it's safe. breaking news this hour a large explosion rocks the diplomatic district in the afghan capital reportedly killing at least forty and injuring one hundred forty. the international olympic committee is to reveal today which question athletes will be allowed to compete in the winter games as thumb off the country's top medal hopefuls happen. ready being banned. donald trump and will be visiting the u.k. in the second half of this year with anti trump activists planning to greet the u.s. president with huge protests. a

very warm welcome you're watching r.t. international with me nicky air and now we start this hour with breaking news from afghanistan where an explosion in the diplomatic district of kabul has killed forty and left at least one hundred forty injured that's according to reports citing the country's health ministry the taliban says it carried out the attack a blast as those who have been caused by an explosives laden loaded into an ambulance we're going to be bringing you a live report from the city in just a few minutes so stay with us for that. so other news this hour now in less than two weeks the winter olympics get underway in south korea and later today the international olympic committee is to reveal which russian athletes will be allowed to compete but russia has already had bad news with a number of its medal hopefuls banned in recent days. leading

roles in the believe in the. league models which will be biased and surely i believe if you do believe the elite. yes there will. be government each year in this role the current rational the party world. around you and others yet you very least i didn't see any of the i'm going to eat it with we've chosen the meals which each of the younger. that is land you before me. was the man asked by and i.

thought for leaving everything behind and returning home it was my dream to compete or the olympics and i was working towards the go through hundreds and thousands of difficulties through sweat and blood. on the sorts of subjects but the way most of the money of. the police would expose abuse from the breakfast. i should be sure to do to distort. the truth to come up with.

tame russia was banned from participating in the winter games almost two months ago over allegations of state sponsored tarping though clean athletes aren't being given the chance to compete as neutrals the i.o.c. is that athletes who polish the screening procedure will receive a personal invitation to take part some five hundred russian athletes applied to compete the i.o.c. gave provisional approval to three hundred eighty nine most of these didn't compatable thought she games in twenty fourteen where most of the doping allegations stem from on thursday the committee said it was preparing to approve one hundred sixty nine athletes on trying to look at the criteria the i.o.c. used when screening the athletes. weeks after russia had come to terms with no team russia in korea anyone with even the slightest interest in sport in this country was baffled dozens of clean washed and star athletes never got their olympic

invitations those who'd never been under any suspicion by the sporting federations or even the i.o.c. when they had everyone with a russian passport under the microscope forget about your dream and a story no explanation that could have been the case but the international olympic committee then let us know the seventeen criteria they used if you don't match at least one or rather if there's even a doubt about at least one of them you're out that could be suspicion that could even be an ongoing procedure that could be many factors which did not lead to the satisfaction of the panel the purpose is to invite clean russian athletes for which this panel was. and has not the slightest doubt or suspicion again seventeen boxes to be picked to get the all clear there's all kinds of things on the list from the infamous scratches on sample bottles to that obscure final segment additional confidential information provided by wada even one of those gets you

a red light but the criteria set by the i.o.c. itself might well race suspicion not only in russia take the first two which essentially unite all the rest by the way being sanctioned by the i.o.c. investigators or any anti-doping rule violation in the past the latest group of russian athletes who found out they're not go and were never involved in any of that another box to take issues revealed by the moscow anti-doping lab database well it's the whistleblower and his team who used to be in charge of it. it was created by the to pursue grigori which includes and had several levels of access until the summer of twenty sixteen it was possible to change any of the data there the world anti-doping agency coincide with this back and twenty third see it cannot serve as evidence i've mentioned scratches and marks on sample bottles arguably the most solid proof that however was never shown to the public just like the visual

results of the bottle flaw experiments back to the water's mysterious additional data that amounts to intelligence extracted from its whistleblower program and other sources many people in russia would like to know who these sources are and why they should be trusted one more segment additional intelligence provided by the international winter federations i'll tell you what the association that unites these federation said the i.o.c. our request to clarify what's going on some federation official seem to have been racking their brains while the president of the international biathlon union was particularly outspoken it is very sad if there is no direct proof of guilt the i.b.u. tested human numerous occasions and never tested positive for a banned substance so apparently it sold down to the criteria of choosing the right

criteria russian to compete in the games will have to follow strict rules according to the latest i.o.c. guidelines they must not participate in any events associated with russia's national symbols such as the flag or the national anthem the same goes for social media with the posting of official symbol of the batan. also prohibited from participating in alternative victory ceremonies think getting any organized while the russian olympic committee russian competitors can display their national flag in the bedrooms. we discuss the latest surrounding russia lympics longer with former athletes and champions who condemned the i.o.c. these actions yes or not but on the. almost personal which is a pretty one in particular. you should push but you must stick to the posts that

used to. ease the wish that on the. right of the press to quit sinise and there's a list we have that as a model and model who gives news of the stuff you have to pre-clear in but the russians are clean and if there is no clean then. supposed to be banned from the olympics but not the whole it's the first time the whole nation gets banned from the olympics and this is this is very pro for the sport for sure but don't but this on the olympics then the olympics are gone. we're turning now to our

breaking news story but taliban says it was behind an explosion that killed at least forty people and wounded one hundred forty others in the afghan capital kabul that's according to reports citing health ministry officials well it's now cross live to local journalist belongs the worry and he joins us now with the latest double our thank you for joining us what do we know so far about the situation. mickey unfortunately the numbers have gone we are being told by police and intelligence sources that at least fifty six people are now confirmed killed in at least one hundred seventy people were wounded this was an attack according to counterterrorism officials in the heart of the city in a very very crowded part of kabul close for close to the hospital close to the counterterrorism tatic trade close to intelligence facilities and not very far.