this next tweet because of course many of these millennial zz he'll be buying by an online discount brokerage and here's one of them a tweet about one of them t.d. ameritrade c.e.o. says he has never seen client cash levels this low clients highly active in markets again another contrarian indicator so when you have low cash levels in accounts of people are fully committed that's typically a market top when you have great bullishness that's generally on the market top when the pull call ratio is extended level more bullish bets than negative bets that's generally a market top so always contrarian indicators are telling us that the market is nosebleed territory and that's when most people you know pile in because the euphoria generates irrational choices yeah well i know that even ray dally oh i guess one of the richest hedge funders in america he was over in davos saying

that anybody sitting on the sidelines is basically an imbecile they're going to miss out because markets are going to continue to soar this year certainly with all the tax cuts so that's what he thinks maybe maybe for a year though these money is a week ok i'm sure the democrats are hoping that he's not ok because they need a market crash if this is the sort of you know it's the economy stupid well let me point something out ray ballio can make a statement like that and be long the market and also heads so he could put ten billion dollars in the stock market and for two or three percent of the vestment he can be hedged with puts and futures contracts limiting his last two or three percent if there is a crash the people who are listening to him will go along the market or on the hedge the t.t. ameritrade or the discount brokers they'll pile in the money as a pile and but they won't be hedged so if there is a ten twenty or thirty percent correction or a crash they'll feel it all. dahlia will feel the two percent and they'll be like

oh i guess i was wrong but i. lost two percent and by the way here's my next idea and then so finally because this kind of ties in with this young kid millennial being from new york and what's how trump even came into office in the first place and looking forward to twenty eighteen is bronco. tweeted. you know he's a professor at cooney city university of new york and he's written a book about inequality so he said of the dallas crowd he says as bronco milan says of davus attendees they are loathe to pay a living wage but they will fund a film orchestra they will ban unions but they will organize a workshop on transparency and government you know just in terms of whether or not the sort of filler monic funding crowd of the m.s.m. b.c. watching elite of new york some of the people that we can think of whether or not

that they'll have some economic answers that will trump the rising stock market are now feeling some sort of wealth effect that trump is making them feel smart because the markets are going up because they're invested oh speaking of a lot after the break we've talked to one of the richest millennialist front get out there in the crypto space don't go away stay right there. is a go i traveled across the northeast exploring america's deadly love affair with. the bad guy trying to get to my family members he would have better luck with them better and i think it's great they are inheriting whenever my my baby says my book was published in the year two thousand million americans have been killed by the u.s. going out of t.v.'s. yes this is

a middle school we go through drills and we put ourselves in real scenarios it was interesting to see who actually got hit by the gun fire just saw i did to return to the subject to track down each gun owner who i'd met and photograph those years of god i don't know this but we are not. pay everybody i'm stephen paul russian task hollywood guy usual suspects a very proud american first of all i'm just george washington and r.v. to suggest this is my buddy max famous financial guru and well just a little bit different i'm honest a good one i know no one knows up with all the drama happening in our country i'm shooting the road have some fun meet everyday americans come home and hopefully start to bridge the gap this is the great american people.

join me every thursday on the elec simon short and i'll be speaking to get a feel of the world of politics sports business i'm show business i'll see you then . why go back to the kaiser part i measure as a time out of turn jeremy gardner of augur and many other crypto related projects a long term friend jeremy carter great to have you on finally thanks for having me man all right this is awesome now tell us what order so auger was one of the very first applications ever built on top of the theory of blog change is it decentralized application it is

a decentralized prediction market platform effectively in unstoppable online betting platforms that predicts the future we're right now i have some experience in the prediction market whilst going back a number of years i studied your experience. the hollywood stock exchange so jeremy how does this say use the block chain in a prediction markets shorts so it is entirely written on top of a layer of smart contracts so there is not a single component of the augur platform that essential isin any way including though the event resolution process which is really the most novel innovation of augur is that instead of relying on a single central. entity to resolve say whether donald trump was elected president or not thousands of people report on the outcome of advance from around the world using a token that we issued out one of the very first i.c.'s defenders a very first utility

token ever created because it's a token that is not used to judd secure a block but to make application work instead so it's a bit of crowdsourcing using the tele talk and to get into some peace process is like verifying a resolution as you say. it's efficient and what about the experience we've seen in the past as a prediction markets like in trade with in ireland is that you know a lot of people don't like at prediction markets around because they like to be able to control the news cycle they like to be. specially in america now with so much going on in the political space we like to control things and prediction markets tend to give them more and propagandized to look at things and it can get in you know but you're tracking some attention maybe that you don't want to attract if you thought about that what's your thought i mean that that is why we've created a de centralized prediction market there is there are new servers still like in trades you can't be shut down once that application goes live it's

a pandora's box it is open forever there are the i mean there are thousands of nodes all around the world validating the transaction hosting the platform it is totally on some sort of ball but we have gone and we have reached out to there are appropriate regulatory authorities be fixed and play into what the platform is we explain that is totally open source reselling that the auger does not create any of the markets or to forecast foundation which is behind auger it's anybody that uses a pot from the goes in group of kids us markets and to be clear i'm not speaking on behalf of other of augur i'm no longer associated just a co-founder and ambassador to the platform ok so the cherry gartner story actually gets kind of interesting here so i read about you the new york times and there's a story out there the talk about the crypto pro. and they bill has how i characterize it. and they've carried this so they have the in the what has it got tripped over castle in which is my house and severances your house it's your house in san francisco and there are twenty somethings i know of the twenty something i

am about to turn twenty six a month and you guys were early into the trip to space yanks were all there was pretty much fun and interesting on you know you know let's let's be honest a bucket loads of of of wampum you know and so the new york times chose to take the angle that you know why are we giving these young guys so much frickin money and is this a good thing and i must say that the characterization you know painted you you know i would say in a not terribly flattering way. intellectually vapid right and so your experience you know i talked a little bit about this was that the mainstream media was a different experience and you expect there yeah and you know i always hated that term means she media just sounded like this horrible of justification of popular news but at the end of the day where you begin to realize especially as you interact with journalists reporting for these large news organizations is that they

have neither the time nor the capacity to truly explore the ramifications of technology that they're writing and reporting so instead what they do say look for soundbites they look for things that make it very easy to process so if it's about like fast and like fast money instant wealth. and stupid means they can write about that because the part of mousavi and his can comprehend that i didn't write my post to lambeau so stupid me now i mean it is it is very difficult to take the time to explain to an audience that may not understand what you're a database technology which is roots of us and go and explain what a block changes and dusted they take the path of least resistance and often that is just one that is very intellectually empty you know looking at this open source projects going back to linux you know it's technology guys and they're solving the problem of the software presented to them by microsoft and i thought you know we could do a better job of going to open source this and nerds and techno guys and programmers

behind the scenes nobody ever hears about them came up with this product that was world beating product when software becomes money if it could have been coined as software that is money it's open source money right how has this impacted the general mindset of the young entrepreneur and developer programmer because it seems like it's not necessarily a match made of haven't you could you give a guy who's maybe artistic you know spent. one thousand hours a day right here some least maybe worth and got a hundred million or two hundred million dollars in monitise liquid form so as a cultural observer and as a veteran in this space at your age talk to me about that is that a fair like observation what do you think about that the older folks get the harder it is for them to comprehend how natural this technology is in this new us asset classes to millennialism below because we've always had b.t.o.

get we've already had in game digital currencies were used to enter it for the several years there's been you can mine digital gold and there's actually a real world value that you can go exchange those token internet tokens for you what you haven't had is digital scarcity and that and that's the real innovation that provided and what makes it such a promising asset class to digital natives young people that have been on the internet like myself at least since we were like eight or nine when the world wide web really kind of took off. if used very natural the whole idea of scanning a cue our code to set aside money it doesn't feel that strange to us but i have to admit it is somewhat troubling the the mentor rich's other being created because it creates the wrong sort of narrative about the sec knowledge if you look at the articles written about me recently they there is no attempt to like go into any sort of anything that i've actually done in this industry these just want to write

about like how much money i made and what it does is it perpetuates and becomes a self-fulfilling prophecy of this culture of greed of of fast money and that's what it was never about for any of us that got into this early and most of us have seen the real upside we got in because we truly believe this acknowledge you change the world and make a better talk about digital scarcity because that really is a key concept up again referring back to my experience like a safe in the path that i created for the virtual specialist in. to deal with the fact that you've got millions of users and there was no had it figured out a way to create prosperity across all those asset classes because you had proponents of people coming in by leonardo dicaprio so that price would soon higher and distort the market and so he had no scarcity had a trade a specialist mechanism to create the digital scarcity by affecting the way price discovery work ok now with this digital scarcity that problem is solved yet and

it's true across all the crypto assets and it's something that let's say the gold people who don't like don't get you they don't understand that second you for an a few lines address there what they're missing about digital scarcity that would suit you have to understand in order to grasp the scarcity that exists in big corn is the fact that big coin is like i said before open source money and it's aids features are programmable and deflation in twenty one million big quinta water being created is something that is hard wired into big code and there's really no chance that that will ever be changed and so we soon so if you don't believe in code and you don't believe in software like you're not you're trying like you're never going to get picked quite interesting to me call me a chocolate ice i know you know you're going to get to regret your time is going to

slam you earn her for ages i'm. victimise ages two for folks for folks that do not appreciate the power of software because eight in too many people can seem like magic it's like you literally write something into a computer in it and in a makes other things now steve jobs said he said anything we do if it's any good should appear like magic right and you know there are people that don't use up our products you know ok so now the market is i'm here at the conference here at the conference there's ice hundreds of ice yes it's crazy and in. are we hit that we hit peak i.c.m. we've probably hit peak by c.e.o. i think we're going to reach a point very soon where there's more regulatory enforcement there's a massive shakeout in the industry a lot of these really tokens go and disappear but the idea of an i.c.a.o. this democratized way of crowdfunding from around the world for new technologies and ideas or even just the ones in that's

a should probably the most interesting concept is of course security tokens of last capital we did the very first security token to represent represented a limited partner interest in our beds for fun but moving forward i believe launching turn an entire world into a stock market so anything that is scarce in the real world in theory you can securitize in tokenize on a block and so i think we'll have to have been in real estate with intellectual property such as digital rights management to pay for say art as you identify yourself as a liberal and. liberals progressive especially progressive. they are the last of this technology got the libertarians you've got the american capitalist you've got your conservatives and yet what you're describing there is would be a progressive. and yet they are the last to take a look at this how do you break through that to them. for me it's been a process you know i i grew up always around available but i grew up in the most

liberal medium sized city in america this is a and when i would go home and try to talk about this technology now it is a scene friends that i went to college in high school with sometimes angrily posts about big assets i realize it it's a troy and the only thing you do i don't waste my time trying to enjoy some i think that's an approach you can take a much more interesting to me is actually developing applications that are so good for the world that are so damn ensure bleed. better improvements upon what we have are totally new innovations that you can't help but accept that this is i just is a powerful in promising and socially beneficial tool trying to convince someone and the other way you know it's futile do them again you got to thank me on the kaiser report my flaws are great but that's going to do it for this edition of the kaiser report the best guys are mistakes ever like that i guess jeremy gardner is the founder of god are now with author but it is author check out author if you want to

see us on twitter go to guy's report the next time. here's what people have been saying about rejected in the us is the fact that it's full on awesome the only show i go out of my way to find you know what it is that really packs a punch. yampa is the john oliver of party americans do the same we are apparently better than booth. and see people you've never heard of love redacted the night president of the world bank very. seriously send us an e-mail. across europe municipalities are taking their water supply back from private companies. this is the simple song alone even some company else with a billion voice private companies to take over the utilities many by the telescope

. allowed to wish you guys who got on the program might be cool. for you to lift. locals are ready to stand up for the basic human right of access to water it's about water but it's called school for more and more it's about the hurt and the redistribution of. debt downwards do you want to. i. i i i i. i. i.

you know unprecedented move the pentagon has the us watch dog sees the situation in afghanistan from publishing information on who controls what on the ground submit a string of deadly terror attacks in the country. was the message that u.s. officials were given by angry palestinian protesters. as tensions over jerusalem the recognition show no sign of calm. the u.s.

releases a sweeping list of russian politicians and business figures on a so-called kremlin list it matches exactly the kremlin list of officials on its website is forbes rich list of russian. thanks for joining us this evening you watching. in an unprecedented move the pentagon has apparently instructed the inspector general for afghanistan watchdog which oversees the situation in the country to keep quiet over how much afghan territory is controlled by the government and how much by the taliban and other insurgent groups that is according to the watchdogs and latest report this development is troubling for a number of reasons not least of which is that this is the first time sigur has been specifically instructed not to release information marked unclassified to the

american taxpayer. instructions are coming from the pentagon and they are given to the special inspector for general afghan reconstruction and from what we understand they've instructed him not to give out certain pertinent information especially about casualties among afghan forces but one of the key things that they've told him to leave out of his reports is the balance of power on the ground he's essentially not being permitted to reveal what territory is controlled by the taliban and what territory is controlled by the afghan government what territory is controlled by the i still forces and that's key information if you want to understand what progress is being made and how the war is really going and now at this point the usa has been in afghanistan for almost two decades it's had its forces on the ground there have been air strikes and such and we actually have a kind of an admission from secretary of defense james mattis that not

a lot has been achieved during that time this is what he said to her i understand the urgency to understand it's my responsibility we're not winning in afghanistan right now and we will correct this now at this point there has been a little bit of a change in strategy in afghanistan the usa is escalating its airstrikes and bombing of afghanistan at this point four thousand three hundred bombs were actually dropped in the year of twenty seventeen that's more bombs that were dropped in two thousand and fifteen and twenty sixteen combined however it hasn't really had the effect of changing things on the ground in fact the i still forces and the taliban forces have actually increased the number of attacks that they've carried out let's take a look. now

at this point the usa is sending mixed messages about the possibility of negotiations with the taliban we heard in october rex tillerson the u.s. secretary of state say that the usa was not willing to negotiate with the taliban entirely but that it was willing to negotiate with what he called moderate voices among the taliban now we've heard from donald trump that there will be no negotiations with the taliban no talking to the taliban whatsoever there's no talking to the taliban we don't want to talk to the taliban we're going to finish

what we have to finish what nobody else has been able to finish we're going to be able to do it now we've heard a response from the taliban essentially mocking the united states and saying that if the usa wants to find them it knows where their office is located in the city of doha at this point we are not hearing moves from either side the taliban or the united states about resuming negotiations so at the moment it appears that the violence and chaos in afghanistan is going to continue. if he has be islami polities chief negotiator mohammed then cut him believe that nothing but direct talks between the afghan government and the taliban could bring peace to the water in country. no i think the military strategy from the very beginning of modern liberal is a feeling that destructive has got the better it seems for the august break is that . steve did we could even call it a new strategy is just

a defensive position in order to avoid the fall of the city of god the father but for the afghan people of the station has become worse and worse every day and now we are facing a situation of kills the solution would be peace negotiation and reasonable price in order to be clear that if. we stop negotiating with the afghan government the u.s. is ready to leave this country. u.s. officials had to flee an event in the west bank city of bethlehem after angry protesters stormed the building they were in. knowing. about it being a business meeting at the best chamber of commerce and industry protesters a ride to the panic condemning donald trump's decision to recognize jerusalem as the israeli capital the money clashes the meeting this short for leaving the building the americans were given

a clear message. that you should. know. the story did not and that palestinian protesters then ran out of the building and threw tomatoes at the diplomatic cars which were trying to flee the scene. of their escape was not easy either as you can see here on this video palestinians trying to gain entry to the vehicles all the street has more on what spots all the fuss. well this is just the latest incident in a string of protests that have been taking place on the palestinian street ever since the american president donald trump made an announcement back in the beginning of december saying that he recognized jerusalem as israel's capital also on choose day there were protests in front of the palestinian prime minister's

office in the west bank city of ramallah now where they were protesting against the reduction of services being offered by the united nations relief and works agency for palestinian refugees the agency was forced to downgrade the services after the americans announced that they were cutting millions of dollars of aid this the americans say is until to quote there is a fundamental reexamination of how the agency operates the protests anger on the palestinian street or going as fast into the israeli parliament or the israeli knesset where just last week the american vice president mike pence was visiting as he stood up to speak a group of arab lawmakers who constitute the third largest faction in the israeli parliament started shouting and holding up banners with anti american messages citizens of israel.

now mike pence during his speech at the israeli parliament only further infuriated the anger that is there on the street financing the end of next year the americans would be moving their embassy from tel aviv to jerusalem since president trying made that announcement incident back to giving of the same back they have been more than twelve palestinians who have been killed more than a thousand have been injured and hundreds have been arrested so this is a situation that just won't go away and witnessing tensions continue to climb. the u.s. treasury has released a declassified list of russian individuals as part of a sanctions law signed by donald trump in august the list includes the names of some two hundred top officials and business leaders although they are not actually

being targeted with new restrictions or to sleep or trying to explain. for now the russian government won't do anything about what was called the u.s. kremlin list and that's how the russian president for now made up his mind about the u.s. treasury document it had to be published before the monday night deadline under the so-called countering america's adverse stories through sanctions act and so it was ten minutes before the deadline america's saying that being put on that list which includes one hundred fourteen top russian government officials as well as nearly one hundred richest businessmen doesn't mean receiving some kind of punishment so you may well ask what's the point something to do with sanctions that's not actually sanctions by the way something that i found rather amusing was the fact that the putin administration.