next i must say but our opinion was that the market just like the market told us mt gox is going to collapse the collapse the market said says about tether at this point anyway that it's all there and it's all legit well i have my own version of because i know what i find has the highest fidelity to that which is presented in the white paper which is about unifying the world's collective unconscious and that's what this technology will do to usher in a new universal consciousness as does the best us so we can expect and there's no room for pigs like jamie dimon we've got to go the second half don't go away much more coming your way. about your sudden passing i've only just learnt you worry yourself and taken your last turn. up to you as we all knew it would i tell you i'm sorry

suddenly i could so i write these last words in hopes to put to rest these things that i never got off my chest. i remember when we first met my life turned on each breath. but then my feelings started to change you talked about war like it was a cave still some are fond of you those that didn't like to question our archives and i secretly promised to never again like it said one does not leave a funeral the same as one enters my mind it's consumed with the death of this one quite different person i speak to you now because there are no other takers. to claim that mainstream media has met its maker. in twenty forty you know bloody revolution of you tube clips the demonstrations going from being relatively peaceful political protests to be creasing the violent

revolution is always spontaneous or is it just the lawyer i mean your lists book video and put him in the neighborly as i do spelling needle the former ukrainian president recalls the events of twenty fourteen. of those who took the pledge invested over five billion dollars to assist ukraine in these and other goals that will ensure a secure and prosperous and democratic plan. to . cut short. in america a college degree requires a great deal. paying a decade's long debt. studying so hard it requires strong.

going through humiliation to enter an elite society. and parching to death sometimes quite literally. wants other true colors of universities in the us. welcome back to the category four and imax keyser time out to go to a catamaran out in the caribbean off of cancun or i add a chance to talk with patrick byrne of overstock dot com who's coming out of course with zero. for patrick welcome back to the cause report thank you max you know me it's my honor as always you know some talk about lambeau those you know you've taken it up of course to the next level with you know the catamaran stance and i mentioned yesterday there with you on my signing

a tussle and outer space you know you're part of the visionaries of this world and he and you're going to top that well i should be clear this is the hotel's kind of around yeah we've been sorry but maybe we should ask her towel and see if we can launch this and outers you know i think that's only appropriate now let's talk you know i often say that the history of bitcoin is really two stages there was the protocol launch in two thousand and nine and then there's static burn and what i mean by that that this industry was always going to have a rendezvous with the f.c.c. . you know it started off as a kind of a hobbyist paradise it became a currency it became widespread and now this week we've got some hearings in washington from the f.c.c. and first my first question is patrick. do you think is it fair to say that you have been waiting for this day and so this is no big surprise to anything you've

seen so far it's kind of like what you'd expect correct. yeah correct and it is you get the the dramatic are where you get the irony involved in this whole narrative arc that we've that this is turned up by us. it's what i've expected in terms of the empire striking back you mean like that of the pushback. from the establishment let me give you some background so in other words. the episode that you had at overstock and being the c.e.o. you did battle with the short sellers and the naked short sellers and there is a kind of a loophole in the way transactions are clear on wall street where the that is keeping track of what are the buys and sells is not correlated on a daily basis and you can be selling stock that doesn't exist or not cover that stock for a period of time and you can engage in a coordinated attack on

a stock price and you went to battle on that front and the lessons learned from that patrick you preloaded i think if i may say you are you are. project and so it's going to be maturation to go to match your strumming my face with your fingers is it really characterization another that's about and i learned a whole lot in the course of that loss or i grew up in the holy church of capital markets i riz raised by economists in the business intellectuals and i love capital markets and when i'm when i got public and started wandering around zero to four or five and started understanding what was going on including i was there was a bunch of small skunk and there was a bunch of skunk in there and there were people who asked me up in greenwich connecticut to ask me to take part in stuff so i was a speculating i knew what was going on because people are asking me to take part in it i thought life was like the pelican brief or you figured it all julia roberts

figures it out writes up a draft puts that the whole world comes for aid turns out it doesn't work like that because when all roads lead back to goldman sachs and what you're doing is it turns out you're exposing a huge source of profitability messages that is a source of profitability for goldman sachs the whole world sort of attacks you so i let's talk about pick up on that because. goldman sachs and wall street they are in the business of making markets in those markets there is a spread and by being both the buyer and the seller in these markets and providing quote unquote liquidity they are highly profitable in a business with you might argue very little risk in a way and they're printing money ok let's talk about your latest creation g.'s euro because this is as the name implies really tough into a huge profit center because there is no. ability to do a lot of the shenanigans that we've seen over the years is that

a fair statement and can you give us an update on teaser well i would say and because there are various public offerings going on i have to be somewhat restricted by what i say i can't talk about the profitability or potential profitability but yes this diagnosed exactly what we're doing we're taking this core business of goldman and the various prime brokers unfortunately i don't think they make all their money from just buying and selling i think there's also manipulation and as you and i have talked about as you just mentioned so it's not only it's not only is attractive because i think it takes about eighty or ninety percent of these friction costs out of the system so what it really does it is that will block change based capital market will eliminate the possibility of all kinds of mischief so whether turns out to be. profitable or you know we're taking on the establishment so i can't guarantee anything but some one simple example would be

the number of shares that a company has in their float would be on the block chain and it's amenable and it's accountable and example games right that iraq obvious advantage to block change complete transparency for of a regulator you know when regulators see illegal activity in the market now they blew sheeted they try to track it and they can't even it all disappears into a mist of priene adding in that. thing and slice dice circumcising and nobody actually knows who's behind these trades because everything is netted all that can be stripped in the regulators can have one hundred percent transparency and a good tomic level of the market right to some background on this phrase netting and trade having an experience on wall street my style like in senate confirmation to a customer with a price that does not reflect my commission because of what i put netted in that sense that change on the spread and the huge wakil room that goes on and there are guidelines etc but there are only abuse so that's where the f.c.c.

let's get into that they had hearings this week they finally caught up to the blocks and a big point they're now answering the arena. where are we in the supply i preface this by saying you're battle hardened and ready to go is that what i would be hearing just go in your view were what did you learn or. how did you view the hearing well what i'm seeing is that the regulators are not monolithic there are humans and there's different groups within the regulators some people within the regulators really get blocked change for example the people who are concerned with systemic risk get it and love it the people who are concerned with really enforcing the rules they love the fact that this will take a whole bunch of mischief out of the system the people who seem in my experience at the federal level who seem to be opposed to block chain are i believe well ten years ago let's put it this way i meant

a lot of officials who i think they were dusting up their resumes for their applications to big law firms to work for goldman sachs and they had no interest in and any of the things i had to expose before away. i think it's actually a different world now and there's a lot more regulars who care about things like systemic risk and such but there are there's still an element in the regulatory class. who i think they're. at least their position has been to push back on this for i think no more of the reasons than you know they got in there on some one speed dial somebody in greenwich connecticut has a speed dial you can tell the regulator pushback on this it's going to eliminate our profit optimism we're not that explicitly but anyway so there is regulatory pushback but i see more and more of the regulators you know i've been down here we're doing tank koon this week max so i'm not entirely sure but i think that the regulators are showing real movement and understanding of this is a good thing overall it's

a good thing it's not good for their you know their clients if you view their clients of the captured regulators as being bold in fact it's not good for the the the regulatory clients but if and that's their client industry that they have had a history of protecting but i think we're i think they realize this is too big for them to stop and there are plenty of people and the regulatory community who want who are. there are open to this going forward that's a very diplomatic thing my you tell me yeah that leaves at as you always do good cop bad cop when i hear comments from these regulators that are like you know we need us there in this new generation of entrepreneurs and risk takers and the their warm little cup of milk and their bedding time and such on them and wish them good luck this is the old good cop bad cop patrick you would be the least naive person in the space i can imagine holding springs eternal hope springs eternal i don't head what do you mean you're doing so at that so i thought that there's no

none of these folks are going to give up and instead the monopoly pricing power of wall street and this is going to be a tooth and nail battle i don't see how it can't be. just an outbound i haven't said that your product as i understand it is a category killer you know you're going to wipe out all the inefficiencies like hoover killed you know the business in a lot of ways to transform the business p. p. to. file swapping out of business with t.'s duro you are because you're already. aware you are good you've got you know you could be the guy in the moment on wall street your thoughts your family from your lips to god's ear certainly i'm aiming to do that and we're are now we're raising capital do that and i would. you know i would emphasize this is a moon shot i'd love to hear your thought of my chances because you know we're raising two hundred fifty million bucks that with which we hope to sort of recreate

or rebuild a wall street acco system but a complete block chain version of it i don't know are you sure the money just as i say fifty fifty what are the chances that we can do that without getting blown up for me thrown in jail fifty fifty eight or one hundred percent chance of success because they know they're evil and evil loses at the end of the day and to tell you knock them out is pure goodness pure goodness it's alchemists it's merits pratik it's a paradigm busting and the f.c.c. is way behind the curve they're just learning about this by the time they finally figure out they've been feet it'll be too late and that's the way it's designed you know there are guys here i've met in the last two days if one of us doesn't disrupt wall street the other one well i can tell you that we there well there is some fantastic technology coming i've been trying to tell the f.c.c. for three years and it's. yeah well they it is good to see that

they are having hearings and waking up and getting that this this is going to change the their world right. well we've got about a minute left and i guess i would be remiss if i didn't explain to people that the reason yeah this particular style clothing as i were going to actually enter the dragon on the beach right i'm going to be bruce lee i believe you can be chuck norris you killed my father i must have revenge. the zero is going to get one wall street and i think that'll really go over well could be an over stock marketing material what do you think i mean i'm sure it was a love that i mean this is the bank for this type of branding i mean this is sent from so totally i'm south. i don't think there's anything i can do at this point that we're shocked the shareholders maybe i don't mean to but fair enough but there's always room to shock and awe one hopes all right patrick burns thanks so much for being on the kaiser reporter wait to see you again max i love you i love your i love the kaiser report watch it all the time well thank you so much. and

that does it for this edition of the kaiser report with a nice guys are his days are over it like to thank our guests patrick byrne of teaser oh if you want to raise us on twitter it's kaiser report bill till next time by oh. i'm. sure most losing the response to. this news it was taken from both of them which is just part of the new questions a. little bit so well for you just almost. complete don't play i promise to get to some other

time. to. join me every thursday on the alex simon show and i'll be speaking to guest of the world of politics sports business i'm show business i'll see you then. elliston is getting international recognition with the help of israel at least in the world of zoos m.m. bill fails to commission to do it like an elite and this is my compass he is going up the study hall maybe. john without

a doubt. the only palestinians who gets the most hopeful is jerusalem counterparts i don't think this is about those who endure until it's over vision they're not going to go through this. and know it is unfair advantage to have to display any of the most of which god i'm going to continue muslims you know do more commitments also don't put this off. that's just. certain i want to do things that show me face to be able to be very clear. the way . management. and they are they they are what they have and they have i'm learning.

you need to feel. some yeah and then what do you how much. do you. mean that within those you want to talk more next. was. i.

was. i was. one of the deadliest campus shooting is in u.s. history seventeen people are dead and around a dozen high school in florida. british governments again accused of turning its back on interpreters who helped the military in afghanistan coming up we speak exclusively to one whose asylum appeals been rejected. the u.s. t.v. network releases a database of tweets allegedly used to influence the twenty sixteen presidential election even though scathing of russia and dish out praise and criticism to.

this is r.t. international with. thirty minute news round up another school massacre in the united states this time at a high school in florida seventeen a dead and at least a dozen a dozen others are reported injured video emerged online which seems to be from one of the classrooms while that attack was under way please be warned that it does can saying upsetting images. as those shots rang out inside the school in the city apartment panic students were seen running to safety this video was taken while the government was still on the attack it's understood the killer set off a fire alarm to try to draw people into the open to cause as many injuries as possible armed officers rapidly swarmed that campus before leading pupils and staff to safety. really really.

all the way around this thing to go through pictures from the scene show the distress of those touched by the tragedy here's how it all unfolded. he saw white and dead body there on the floor and blood our unfortunate how many people at five on the third floor. took a look like students there was one teacher and four students. so to do pull the fire joe we want our side whom boom boom boom where is gunshot i doze firecrackers but at their lash out like oh i am out.

so i could come in bringing a gun issue did you like start taking a family i love you never know i guess shark your cock am i am i want to start up i say this is was catastrophic ya i am convoluted with catastrophic game broward county history is devastating i am sick to my stomach. deadly shooting took place at the marjory stoneman douglas high school in parkland ironically that city was named the safest city in florida last year indeed one of the safest in the u.s. police have detained a suspect they've identified him as nicholas cruz a nineteen year old former student of the school who was expelled for disciplinary reasons police said he was armed with a semiautomatic rifle and multiple magazines students at the school described the suspect as troubled some even said he looked like a future school shooter he was

a firearms enthusiastic his free time it's now believe that nicholas cruz had to instagram accounts they've since been deleted plenty the pictures shown with weapons though for the police officer dominic is a says the suspects mental health should be questioned here not gun control policies this is an ultimate cry for attention and i'd like to see the media for the first time not look at this as a gun issue and to shy away from the anatomy object or or start start to look away from why or how these individuals are getting the guns and start looking at the intent behind it why are they doing this what's the mental health of this person what's their personal individual issue if there's one thing that we do know it's been proven time and time again that the gun itself does not do any damage but the issue is the person behind it their intent their motives their means the u.s. has a long history of school shootings there's been two hundred seventy five incidents since twenty thirty that's an average of nearly one

a week eighteen shootings have been reported in school so far this year is a look at some of the most serious cases in the last decade. so over three hundred million guns is enough for every person in the united states to have a gun it's insane and you know we license cars you can't just get in

a car and drive it but you can get a gun and shoot it you don't need any training you don't need any licensing. and a lot of states now you can carry them. undercover illegally there's a lot of nutty miss in this country about how guns make you safer. and they evidence there's also the controversy. other news today the british government is again being accused of turning its back on interpreters who helped the military in afghanistan many have received death threats from the taliban in the say they can't remain in their home and. spoke exclusively to an afghan interpreter who's facing his final bid for asylum in the u.k. they only to give me the notice for deportation they told me that you have to leave the country so they're going to send me where. i will dip and to frankly because of abdul that he was a front line in tap for seven british forces in afghanistan from two thousand and eight to two thousand and ten. i know that if i join the british forces so

close for me but i have to do that because our country was. the situation in our country was very bad so i have to help the international forces to protect other countries so they came to my country to protect us so why should i not hopeless but working with u.k. troops made abdul a target for local taliban forces that was a phone call from my from my father and a letter put in my door so we know that your son is working for the infidels so tell him to leave the job that they were still be slatted the threats soon turned to violence when the taliban raided on my family my father and my mom and my dad so on that time when that happened he was completely angry and all the problems happened to me just because a few creating problems for us with his and his family's lives in danger abdul was forced to flee i did i had enough time to go and seek peace for protection or

something like that only twice was for me one choice to leave the country he came to britain illegally through cali and applied for asylum on the very first day since then the home office has rejected his initial application and his appeal the government says it's safe to return to kabul where he says his life is in danger that was. ours and justice. because when i worked i helped the british forces in a very risky time but at the moment i saw i need help but this still ignoring me. as an asylum seeker can't work and this is the modest accommodation that the government provides for him he also gets thirty five pounds a week in living expenses and he has the constant threat of deportation looming

over. him there are around a thousand afghan interpreters that worked with british forces around four hundred of them have been given u.k. visas which means abdul is one of around six hundred who haven't qualified the system has been described as unfair and a lot a lot abdul's best friend how it managed to win hashmarks applied for his visa while still in afghanistan and after a two year wait he was brought over to the u.k. under the government's official afghan interpreter scheme do you feel guilty sometimes that you got the visa and abdul didn't buy one visa for everything to those who spend time over collarbones under seventy per cent you know going to be almost all it will be able to be you're searching for people. that they work with the army. but not before so. if you want to get

back in afghanistan abdul was a professional boxer he can't compete in the u.k. because he doesn't have a work permit but he can still train since i came here he can do nothing to staying at home going out sometimes they keep him busy with my turnings you googled market woman the human being. told you very. few of the challenging part. of the work that you love. should be told me but i have a full. view of the world the goal. of pretty sure the people will trust the rules and if we go we need a bus tour we were all abdul can do now is wait for his final appeal against deportation to be considered to by the home office supply.