on our civilization big oil will attack them in many different ways if you're going to undermine them by mining and basically collapse from the inability to have the energy to survive then that's another great way to destroy. this playing this this locust this infestation called you know the banks. of course i c.e.o.'s have nothing to do with bitcoin or theremin other than riding on top of it they are finance offerings whether or not ever anybody was trying to pretend otherwise in the second half you do talk to patrick byrne about regulators and his he is doing and i say oh but as a security so he's doing above board with a little bit of that comes through the whorehouse they take the piano player and i'm saying so they'll come in there or say all these i see you know zoeth they're also curious you're all going to jail and by the way you guys are the bitcoin camp you're coming along with those really awesome questions for you right so i mean this is a war this is the war that we are been born to fight this is the worst

a toshiba put us in the playing field to do battle this is so i mean this is great that this guy's speaking nicely but i don't trust him as far as i can sit at home while we're there another fake so she came forward by the way by me answer toshi i wrote this blog post dot com and that was referring to so she roundtable which is the true vision of soto she's division which which is that we're ever we are now where big coin is now is a toe she's vision it doesn't matter what she was thinking nine years ago it's what is developed now and the overall conversation there as to toshi round table were these are the one hundred two hundred of the. top engineers investors and developers in this space and lightning network was by far the largest most important technology being developed around bitcoin the other big issue. who was

speaking of regulators and financial stuff was tad there and t'other the guys from both annex did talk about that. our opinion and we are investors a bit fanatics 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 it's well i have my own vision of bakelite what i find as the highest for delegates 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 that's the best best we can expect and there's no room for pigs like jamie dimon. we got to go the second half don't go away much more coming your way.

you should. put themselves on the line. to get accepted or rejected. so when you want to be present. want. to go and. this is what will. you be good. interested in the. course. after mars and coalition negotiations germany's three largest parties have provisionally agreed on a compromise that may yet pull through all of these difficulties a sign of something major going wrong in german politics all the birthing pangs of the country's fourth from coalition.

if north korea really believes we're about to conduct a preemptive strike on this could be a significant and serious preemptive strike that may. they may be motivated to make a to try to be just of the bikes have to go first. in america a college degree requires a great deal. paying a decades long debts for. studying so hard it requires strong just. going through humiliation to enter an elite society. and paci to dance 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 added a chance to talk with patrick byrne of overstock dot com who's coming out of course with zero patrick for tragic welcome back to the cars report thank you max you know me it's my honor as always you know some talk about lambeau you know you've taken it up of course to the next level with you know on the catamaran fantastic and i mentioned yesterday there with you on my signing a tussle and outerspace you know you're part of the visionaries of this world any and you're going to top that well i should be clear this is the hotel's count around yeah we've been started 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 a 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 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 but yes. 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 book that is keeping track of what are the buys and sells is. 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 preload it i think 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 going to really characterization another that's about and i learned a whole lot in the course of the outlaws so i grew up in the holy church of capital

markets i riz raised by economists in a 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 mesha guess that is a source of profitability for goldman sachs the whole world sort of attacks you so i will not talk about pick up on that because. goldman sachs and wall street they are in the business of making markets and 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 touched 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 but 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 of games rights in 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 at 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 a 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 but i can send a confirmation to a customer with a price that does not reflect my commission because what i needed in that transaction and on the spread and the huge wakil room that goes on and there are guidelines exciter but there are only abuse so that's where the f.c.c. let's get into it they had hearings this week they finally caught up to the block saying a big point there 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 why would the hearings go in your view were what did you. 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 block chain 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 in any of the things i had to expose before a way that 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. i think they're. at

least their position has been to push back on this for i think know one of the reasons then 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 apre and 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 things my ears 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 bedtime 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 are you doing so that that's what 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 the 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 thoughts on 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 that i don't know i do should be asked if 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 to tell you knock them out is pure goodness pure goodness it's alchemist its 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's some fantastic technology coming i've been trying to tell the f.c.c. for three years and it's. yeah well. 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 so we 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 stuff clothing as i we're 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 serial is going to kill 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 this is a love that i mean this is the man that you beg for this type of friending i mean this is sent from so totally i'm somehow. 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 burn thanks so much for being on the kaiser reporter wait to see you again max i love your 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 or as 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 time.

i. use the most losing the least but. just music first thing in the book is that which is just. a little bit so if you just almost try. to gather some are.

the stakes couldn't be higher and it's happening in syria the goal of destroying the islamic state is largely complete now the syrian proxy war is contrary to new stage for the players and one of their aims and what does winning. in twenty forty you know bloody revolution is here to clear the demonstrations going from being relatively peaceful political protests to be increasingly violent revolution is always spontaneous or is it you know here i mean your list book to do with leaving the new bill is that i'm spoiling you to the former ukrainian president recalls the events of twenty four g. and. those who took. it invested over five billion dollars to assist ukraine in these and other goals that will ensure a secure and prosperous and democratic. was

. it was a community. police say suspect nicholas cruz has confessed to the florida high school shooting that left seventeen people dead and around a dozen injured we speak to a student who witnessed one of the deadliest campus shootings in u.s. history. just like you. are and the last is like i don't know what they were like oh it's really like so stout i just don't think that going to school is going to be like the same up there with. the u.s. secretary of state meets turkey's president as america begins to reach you in its rhetoric on the conflict between uncorrupt and the kurds in syria also ahead. raise your hand if you would recommend that private american citizen jews one way or z.t. products or services. none of your generation graham thank you for that. u.s.

intelligence warns americans against using chinese made small phones but the warning comes from those employed in wiretapping controller says. this is r.t. international coming to you live from moscow on cape partridge thank you for joining us. we start with the latest on wednesday's high school shooting in the american city of parkland in florida police claim the suspect nicholas cruz has confessed to being the gunman responsible for killing seventeen people the police report says cruz told officers he shot students he saw in the school's hallways and on the ground you also says he admitted ditching his rifle and a vest he was wearing in an effort to blend in with the crowd to escape in addition to the seventeen people who died at least a dozen others were injured in the assault has emerged online apparently from one

of the classrooms while the attack was underway and the following pictures contain upsetting scenes. the shots rang out inside the school panicking students were seen running to safety this video was taken while the gunman was still at large it's understood the killer set off a fire alarm to draw people out into the open to cause as many casualties as possible armed officers rapidly swarmed the campus before leading pupils and staff to safety . would be. a very. good thing. we spoke to police one of the students in the school at the time of the shooting. world. like about to leave

school as opposed to years before the bell rang so poster and. so i cut the file out of and we're starting to a little clouds but the school of the bullets. and cry because it's not a fire drill it's going to school grads and it's first like everybody still thought it's going to be like they grew out of the they do in the schools but then we just here are the people second talking about life. is short you know like in the next. school stuff i already got killed and this is serious. world as it all those will be on the floor like so nobody can see us and all that stuff like not to be on our phones and. they send em like most here when they realize this for real and they would just like it waiting at some point they came until they told us like like thirty minutes later that all those like everything

was clear around but like we're not going to let you out like right now because weeks too it's no great you know the school everybody was just trying to reach out of their friends and their family. world how much harm i just like feel very kind of lost because like i don't know what so rich so well i call it sort of like it's all stuff because like it's just never happened so me and i just don't think that going to school is going to be like the same up there with fun because i feel like knowledgeable claassen the building of the shooting was all the pictures from the scene show the distress of those touched by the tragedy here's how events unfolded. he saw my dead body there on the floor and blood our on the floor how many people like five on the third floor. they look like students it was one teacher and four

students. so the do call the fire drill you want to side boom boom boom boom marriage gunshot i doze firecrackers but after the last hour an hour i'm out. going to come in being they are going to shoot at school you like start taking a family i love you he never know a biggish are killed are is the word that can describe or you feel because at that moment you're wondering what my kid is yorkies the state. i want to start up i swear this is catastrophic. and on the eve of

a catastrophic game broward county history it's devastating i'm sick to my stomach we need to talk about it i woke up this morning and i said this is happening in my backyard this is march backyard. well this is video of the florida shooting suspect arriving at a county jail police identified him as nicholas cruz a nineteen year old former student at the school who was expelled for disciplinary reasons and further details about him of also emerged linking him to a white nationalist group police say he was armed with a semiautomatic rifle and had multiple magazines. well cruz has been charged with seventeen counts of premeditated murder students at the school have described the suspect as troubled reports claimed teachers were warned some time ago about his enthusiasm for firearms in his free time and the f.b.i. says it had investigated crews for you to comment he made under

a documentary about a nine hundred sixty six texas university shooting it said i'm going to be a professional school shooter. well the u.s. has a long history of school shootings there have been two hundred seventy five incidents since twenty thirteen that's an average of nearly one week eighteen shootings have been reported in schools so far just this year here's a look at some of the most serious cases in the past 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 nuttiness in this country about how guns make you safer. and they evidence is all to the contrary. the u.s. secretary of state is set to finish his relations building tour of the middle east in turkey rex tillerson has arrived there for a much anticipated meeting following a souring in ties with ankara the closed door talks lasted for more than three

hours and the details aren't likely to be released until a news conference on friday it comes as the nato allies have beena talks over kurdish forces in syria but washington's rhetoric seems to be contradicting itself ati's caliber weapon has more. in the lead up to tillerson xah visit we heard a number of words from u.s. officials indicating support for the turkish government which is a member of nato and saying that their security concerns are legitimate this is what we've heard from u.s. leaders nato has only one nation and one of our allies. and insurgency inside its own borders and nato and america stand with turkey wanted to make sure curity concerns we have never given heavy arms to the y.p. jews so there's no one to take back the turkish military is in syria fighting against kurdish forces kurdish forces that have been armed by the united states now it turns out a number of the forces in the ass d.

ath have actually relocated they've essentially gone to a wall from their position elsewhere in the country and gone to northern syria to fight against the turkish military turkey is demanding that kurdish forces be expelled from the anti islamic state fighting force led by the united states in syria however in the past we've heard u.s. leaders quite adamant about their support for the kurds the coalitions we can join in with the syrian democratic food system stop motion train the new soon border security force approach someone two hundred individuals training in the b.s.f. sanogo close with the goal of a final four sons of approximate thirty thousand now the turkish government considers these kurdish forces operating in syria to be terrorists and feels quite threatened by them and has been a long outspoken in demanding that the united states and its support for these forces this is what we've heard from the turkish president.