yes baltimore there is a robust active crime strategy. comes as baltimore has been wronged by the ongoing trials in one of america's biggest police corruption scandals the gun trace toss force and the group of plainclothes officers was supposed to be reducing violence and crime however it now seems they've actually been adding to it six out of eight members of the group of pleaded guilty to charges of organized crime including extortion and drug dealing. con has

been covering the story. the baltimore police department is now involved in one of the biggest scandals in u.s. law enforcement history for months now the court system has been trying to investigate corruption within the city's police force eight officers are on trial over drug trafficking racketeering robbery and planting fake evidence like drugs and. we would create false reports to cover up the robberies we were involved in. it was like aware if life were got away with a lot of things if proven guilty the officers and may face twenty to one hundred years in prison and six of them have already pleaded guilty and are now acting as witnesses in hopes of softening the moving verdict and their lawyers claim the officer still feel to over what they've done mr jenkins is extremely remorseful he's been remorseful for a long time even before these charges were brought and he's relieved that today

finally he was publicly able to accept responsibility for their clients sorry for what they did for sure. he said you see regretful of what what happened i really don't like coming meanwhile officers cases continue to be dismissed with hundreds under review and most of them involve incidents of officer switching off their body cameras to plant drugs or guns and then reenact seizing the evidence they had already planted we're told to christopher irvin who founded a great that house former convicts back into society he's concerned about innocent people being set up by the authorities with fake evidence gas going to jail for things that they didn't do so now you know when you look at the news and you see that these police are corrupt these are the same guys that be locking people up you know sitting in the jail shake reports putting guns on drugs and it's so sad when you look at the police to be somebody that you could trust in your city somebody that you can call but you can't even call him because you don't know if he will

come for you call the case may be it's so sad because the commissioner in baltimore door nothing you know at night is so scary as to be outside because you don't know if you'll give rob you know you look for the police to protect you and if they're not the one in. the beginning of the maryland action campaign in the japanese city of naga has again highlighted the issue of american military presence in the country japan's central government and authorities in a canal where u.s. troops are currently station. have been in battle over the possible relocation of the base to the north. a recent poll shows sixty three percent of voters oppose their relocation while only twenty percent support the move the incumbent mayor of the city says a vote for him would be a vote for defending japan's autonomy so that your selections are extremely important as they will have a great impact on the future of not go in okinawa our country's current administration is attacking us with attempt to sway the power of these elections

are meant to define japanese democracy and our tanami we're asking people from all over the country for their understanding okinawa is in a difficult situation right now but if many people support us we will continue what we do in one thousand nine hundred six a review by japan and the us decided the american base should be relocated to the remote area of her the decision was made in order to reduce the military impact on the populated communities of southern iraq and our but there has since been numerous crimes committed concerning the u.s. military presence that.

activists in okinawa believe the japanese government has been turning a blind eye to the tense situation playing out in the region. now current mayor mistaken i mean it is a really strong body refusing the could of nation of the day but another candidate is bucked up by japanese central government so he agrees the litigation of the new military base in the go most people are against the new media the best construction is government japanese government hungry ignoring voice against democracy and against the decision if the. accept community based they can get

the money we need the citizens who know the truth the facts are really. worried japan's government sent who sent. ministers money and all the mccall. fake news of but we will not lose we will win still to come the f.b.i. is taking on the white house over the possible release of a classified have found out why b. agency could be against that release after this break.

like to many clubs over the years so i know the game inside out. the ball isn't only about what happens on the pitch or the final school it's about the passion from the fans it's the age of the super manager billionaire owners and spending two hundred twenty million. it's an experience like nothing else really because i want to share what i think what i know about the beautiful game great to transfer. welcome back to the program the us present looks set to release

a classified memo which could potentially reveal f.b.i. wrongdoing and it resulted in a public clash between the white house and the bureau the f.b.i. has complained that it wasn't given sufficient time to review the content while saying it had grave concerns that facts had been removed from the memo the u.s. and house intelligence committee voted to release it on monday. meanwhile democratic representative adam schiff says the changes have been made without proper approval and called for the white house to drop the release the memo was originally drafted by the chairman of the u.s. house intelligence committee. now the chairman spokes person has revealed that some of those changes actually came at the request of the democrats explaining that other changes included minor edits grammatical fixes into edits requested by the f.b.i. this all comes after donald trump was caught on hot mike confirming he will release the damning memo. but.

it's claimed the document reveals f.b.i. abuse of the foreign intelligence surveillance act particularly with regards to claims found in the infamous trump dossier if confirmed it could damage confidence not only in the bureau but also in the ongoing probe into trump's alleged russian links some republican house members who say they've read the memo have called it shocking and worse than the watergate scandal however some democrats in congress say the calls to release the document and nothing more than another plot engineered by the kremlin after the hash tag release the memos spread on social media u.s. politicians put pressure on the platforms to find evidence of russian bots but nothing to indicate that was found and the mainstream media went even further suggesting the chairman who drafted the member could be a russian agent. isn't

possible that the republican chair of the house intel committee has been compromised by the russians as a possible of the actual russian agents running the house intel committee on the republican side i hope that's not the case i mean this is behavior speak about the i mean i'm not the first person who's raised this he's behaving like someone who's been compromised by. the. investigators reportedly are interested in stein's advocacy for better relations with russia any vote for stein is a vote that otherwise would have gone to hillary. donna brazil would seemingly buy into pools russian fuel propaganda spread by both the russians and her opponent or candidates how.

if those objections and i know the senator from kentucky on the floor say the floor leaders if there's objection you are achieving the objectives should lie to me. what the democrats want to answer that question is dead the nunez a russian agent with yes but they know that they'll be sort of laughed off the stage for getting into conspiracy theories i've never thought this is about russia collusion which isn't even illegal if it was i simply think this is about finding a way to stop a powerful force that they can't figure out how to stop democrats in our country this was invented by them it was politically weaponized through the f.b.i. and other levels of our federal government and it's the only way they figured out how to stop or break the tie the american people have to this president. reportedly didn't want to release the f.b.i. memo before his state of the union address in order not to harm the unifying message he was aiming for to mystically however i can have more pain looks at some

of the policies being used to chop initially china to distance themselves from. trump is working very hard to convince us that he's not a bush era neo con warhawk republican obviously the war in iraq was a big fat mistake they lied ok said there were weapons of mass destruction there was none and they knew there were none there were no weapons of mass ok all right. when it comes to north korea his state of the union speech sounded an awful lot like the leader he had previously denounced no regime has oppressed its own citizens or totally than the cruel dictatorship in north korea this is a regime that has already used poison gas to murder thousands of its own citizens north korea's reckless pursuit of nuclear missiles seeking weapons of mass destruction. these regimes pose a grave and growing danger i will not repeat the mistakes of past administration

which will not stand by as peril draws closer and closer we're going to read some key phrases to new yorkers and ask them was it bush or was it trump we need to look at the deprived character of the regime to understand the nature of the nuclear threat it could pose to america and our allies will actually trump talking about north korea. right or go bush. trump right that's trump trusting in the sanity and restraint of this world leader is not a strategy and it is not an option. it's actually bush somebody talking about. that's bush also yeah. bush actually trump said that he wanted to stop toppling regimes and start putting america first but with words like these a lot of americans have to be asking themselves are we headed for yet another big fat mistake this time with nukes involved. artsy new york.

breaking news story now the court of arbitration for sport has fully upheld twenty eight appeals of russian planes that were banned for life from the olympics overturning their doping bans and reinstating twenty fourteen medals well we going to discuss this further with sports lawyer. thanks for coming on to the program for us as firstly we'd like to hear your opinion about what you make of this decision do you think it was unexpected or not. yes i do think that it was absolutely unexpected and was a great surprise for us for us to it it is a really good surprise for us and for the russian athletes not only those who were implicated by the by the decisions of the commission but also to all other russian athletes yeah there has been

a reaction from the international olympic committee on their website and they've said that already said that the decision made in december remains in place. so it's a bit confusing for people watching and also if we look at what the result of the cost is and they also said that this did not automatically confer the privilege of an invitation. and it does not mean that the athletes from the group of twenty eight will be invited to the games so what do you make of law. yes indeed because the i.o.c. has established enough little new procedure for russian athletes to be allowed to compete at the games so it is indeed the other season which. on which the i.o.c. relies on it is about issuing the invitation sokol invitations for russian efforts

to be there to be allowed to compete so it is correct that the decision of today does not automatically a low a low the russian athletes at least those twenty eight athletes to be to be invited i think that it is just a good start for opening a dialogue a constructive dialogue between the i.o.c. the international federations the national federations the effort and maybe the russians and become it is well to determine the pretty area on which the russian athletes may. get additional imitations and also for these for these twenty eight efforts yeah i mean yeah it's a positive step in the right direction could you think the the cast decision impact on other russian sanctions. absolutely i

think and i hope that these decision will influence the position and not on the isis position but also the position of the other international federations and maybe the world anti-doping agency position towards russia and its athletes. how how likely is it out tom that other cases of athletes that have been accused of doping. would now appear a pill be overturned in the same way what's the likelihood do you think this is open the floodgates now for a different path for those athletes. yes i think that. many appeals will follow but again it is not a question about the. not not not at the procedure of the invitation procedure is not at stake. with it with the cas i think more appeals more decisions were

good decisions for russian affairs will appear soon also the decisions made by international federations because many international federations were actually waiting for the cast. to show its position towards the russian documents and mclaren evidence and all other pieces of evidence which were submitted by the i.o.c. . also commission of this additions ok great to have you on the program. we've run out of time thanks very much for coming on to the show. as a roundup of the news for now in jacksonville that will be taking over at the top of the hour with more do stay with us. you. are this

is the kaiser report yeah we're at the sunset marquis in west hollywood looking for billy bob thornton he's like haunch the premises we're hoping to bump into them and talk to him about his career and his view on the economy but until we get to that let's talk to stacy until we find billy bob we need a plan b. and luckily the e.c.b. with all their beer kratz have come up with a very cunning plan b. max kaiser e.c.b. these new plan b. synthetic structured euro bonds we could be about to be treated to a brand new central bank coined acronym eat be or in what is somewhat catch your plural from as bees as and as bees e.s.p. stands for european safe bond which in today's europe may sound like a contradiction in terms but is in fact an idea that has been gathering dust on the

drawing board for close to seven years it could soon be brought to life however if the e.c.b. approves a plan being drawn up to launch the new financial instrument by an independent task force under irish central bank governor phillip lane i'll go into the details in a moment but here it reminds me of the last episode where we were that young millennial kid from new york was talking about the markets are insulated he feels like the markets are somehow insulated probably because he listens to such things as a safe bomb and any time you see the word synthetic being thrown around by a new structured financial project is shortly before that structure of financial project product collapses all synthetic. financial products collapse that's true throughout history. but there's no law against it and the central banks keep issuing these synthetic products now why are they doing this because central banks

like to think that they have a certain amount of reserves on their balance sheet in relation to the debt that they are issuing like the central bank of america for example is leverage i think sixty to one the central bank and ireland is probably leveraged fifty or sixty to one so the way to get around that to leverage themselves one hundred to one or two hundred to one they give a synthetic product a aaa rating you know which will be all this is a government issued product they're going to give a aaa rating but you know i could just as easily give a aaa rating you know to this leaf and say this is a synthetic european central bank as a bond and i could say it's worth a billion dollars and it's on the balance sheet of the central bank and therefore it's as good as you know whatever they're going to say it's as good as but it's essentially just it's if it's nothing it's zero it's nonsense it's criminal well they go into how the actual synthetic derivative would function here's how the

scheme would work private or public institutions such as large banks or the european stability mechanism the euro zone's bailout fund would repackage sovereign debt from the earth zones nineteen nations into three traunch is a senior tranche that would have a credit rating of aaa or thereabouts a junior traunch that would be rated lower but would still be investment grade and the lowest level which would contain the riskiest securities might be below investment grade i junk rated and would yield around five to six percent essentially the securities would be derivatives based on solver and bonds again this is exactly what i said that repackaging junk. and they're giving it a aaa rating and passing it off as low yielding securities and they going to dump it into pension accounts where it will blow up and ruin a lot of people's retirements if you recall history this is exactly what we heard

right before the sub prime collapse stayed delved into trauma of debt and gave different ratings to different tranche is and they sold those on a pension accounts and they all blew up remember made in made in sheet in lane maiden lane one made lane this is a repeat of all the criminal behavior that was done before the crash but no laws were passed to stop the recidivist criminal banks frostiness from doing the exact same thing again because they refuse to obey the law and all they want to do is still cash and the kleptocrats thrive some more and their big bank accounts grow and grow and the people in our own are forced to pay for water and try to pick the c's out of bird droppings for food and claim that it's their fault because they don't have the honus to become banks and commit these acts of fraud you know that

could be true. you know that rap you did there you know there is a studio a famous recording studio in this hotel maybe we should our plan b. in case kaiser report doesn't work out could be a rap career for you but i want to turn to this quote you're going to word plays a spoken word that said listen this quote here you are going to have to refund because this is the the most majestic moment of this article here about these new as these these derivatives based on sovereign debt of europe so some of the nations especially the northern nations are of course concerned that this product will be just basically some sort of fancy scheme to have debt mutualization so that the taxpayer is in finland and sweden and finland and hala. in them places like this are going to be responsible for the deaths of italy and places like that to allay these fears philip lane said the issuing entity would have to follow

strict guidelines and be shielded from political interference quote these sovereign bond backed securities are issued by a robot the irish central banker governor said in helsinki there is no possibility for anyone to interfere with the robot seriously that's what he said right well ok algorithm mic driven trading is programmed by folks that are looking to exploit. arbitrage opportunities in the markets to. eviscerate price discovery and steal lots of money say to those people are in charge of algorithmically disarming how these traunch is of synthetic that's are going to be allocated and distributed claiming that they're not going to be debt mutualization or giving these northern european countries with the legitimately good credit ratings junk that wouldn't

jeopardize their credit rating and that's of course false this is again we've seen this before the algorithms before the long term capital management as you recall were written by nobel prize winning financial engineers quantum economist i couldn't spell it led to one of the biggest catastrophes of all these robots are not infallible they're programme for destruction and it's you know it's just a repeat of the exact same thing that we've seen now few times but there's it now they're being played out once again in with these fellows beezer fiz beazer as be yes bees are furbies whatever they want to call me just another firm you know there's read bottling the same rancid wine into a new bottle and claiming that it's an innovation in some way when it's not well so now we're going to move from a robot writing these derivatives to a protocol called be cooling and what the latest headline regarding that.

eight nine years into the project it's an interesting one and we're going to turn to this strike to end big queen payment support stripe the u.s. payments firm which helps businesses do financial transactions online is to phase out support for big queen payments it said fewer on line merchants now wanted to accept the cryptocurrency rising fees and longer transaction times as a result of price fluctuations also lessens appeal he said stripes said it was clear most bitcoin users saw it as a way to make profits rather than something to make payments with as was originally in tended yeah exactly right so the original white paper buster toshi not alone makes reference to digital payment system digital cash but it's not ready to be used as digital cash yet it's still finding its way as a store of value so as

a store of value it's competing with gold we have irrefutable evidence that a lot of people that would go to be buying gold but bitcoin instead with a big coin price down as it is in twenty eighteen all of the money is going into gold and see gold is rallying love the money is coming from bitcoin so that's a store of value as i've said now for a while when it gets to that point just one hundred thousand dollars a coin you're going to see it start to become more of a mean means of exchange. stripe it was a bit early in their incorporation of bitcoin as a back and payment solution but once you do see some still bill the at the higher prices then you'll see all these processors come back straight did say that they're still going to be involved in the crypto currencies and they're going to explore other cryptocurrency including bitcoin once lightning that wet network rolls out right now it's being tested in the tests are going quite well and we're going to interview the co-founder of lightning network which is

a stark hopefully we'll interview her soon but regarding this. means of exchange first says store of value yes the markets decided investors decided in twenty seventeen that. it would not be necessarily means of exchange at this moment it's going to be a store of value back in two thousand and fourteen when stripe first started in twenty fourteen the san francisco based firm became the first major payments company to support big claim payments at the time stripe hoped it would become a way for people in places with low credit card penetration or prohibitively high credit card fees to do transactions online but it said the virtual currency was now better suited to being an asset than being a means of exchange so back in two thousand and fourteen when you know of course we're covering it here in kaiser report. we use it as a means of exchange many people you know use it as a means of exchange you know people bought i phones with it and i remember it being exciting that you could buy an i phone with ten between and then once the market

decided actually it's a store of value then it became a little bit frustrating that you had spent ten between on an i phone well the invention was not to create a store of value it was a store of value it was a corollary or a byproduct of creating a medium of exchange so to create that medium of exchange the become protocol inadvertently created a start value which then became the defacto primary reason people accumulated bitcoin now in the wake of this kind of transition or discussion about means of exchange or store value you've got other all coins of come around and they're competing in the trying to get into that space to be a more perfect solution for means of exchange and other types of variations come about but the entire cryptocurrency market itself is still on track to eclipse the global banking oleg aapl e which is what we need what we want and i've always.