for tax payment was introduced january tenth twenty eighteen passed by the senate finance committee by a forty three vote january twenty fourth on february eighth the senate passed a bill by sixteen to thirteen margin with one novell j. records it's got to be felt like a i'm a ted right still has to pass there is no nastier shift there like man we were so wrong about those big going thing we could have been more wrong. so oh so before i forget we said we mention that guy michael and josh you know not for saying to anything but we promised we'd mention them a hi michael and job ever thanks for a great evening by the way those fun in cancun. by those guys are great over there you know sort of super they have a lot of inside dope on who is really should toshi it but nobody in the global audience watching this knows what we're talking about there but we are that your this be any different but we guarding this ok so i saw surprise to arizona house of representatives and what in particular the guy who sponsored this bill arizona state republican representative jeff when and or who co-sponsored

a bill said the tax measure intends to turn the state into a center of blocked chain and digital currency technology in the future so that yes i know whole whole whole whole whole full. the price you pay for manning the barricades well this is obviously a great this is and everyone who said was the use case of a coin like you care projections are that they're being proven wrong by state by state they will adopt these policies and all but pick up to the federal level especially as a prize goes on or thousand per federal level we could just forget about it's the states that matter in the united states and so the united states isn't seen as united states yes you know it's just a certain united they're saying follow us punk you know that's what they said to jeff sessions or whatever in a hollow follow what we're doing and he this guy by the way this representative from arizona says that this is just the first of several bills that he's introducing or co-sponsoring in arizona to make it a block chain friendly. only say thank you of course you know those senators and

congressman who are against gay marriage and they find him as some hotel room with a rent boy is jeff sessions by extrapolation upon we'll be discussing that in the second half don't go away much more coming your way. 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. want other true colors of universities in the us.

to. tell us time is getting international recognition with the help of israel at least in the world of zoos remember wolf it will be committed to do it long before you like commitment issues and my capacity is going up local study hall meeting. here at no charge how about. the only palestinians who gets the most help from its jerusalem counterparts i don't think there's some of those ruined under the oak bush and could not only could give us a. i know it is unfair advantage to have to this lady of the muslims to have and i'm going to continue muslims you know do more commitments also don't piss off.

welcome back to the kaiser report imax keyser time now to turn to mark hughes scotto is the founder and chief investment officer at morgan to create capital management mark welcome to the show thanks for having me all right we're going to get to the big stuff in a minute absolutely put this in context so first of all how much do you guys manage over there roughly about a billion and a half ok so you've got to do asset allocation and look transitor trying to put money to work where it's going to get the biggest rate of return you've got something it was demographics and health care number two energy and natural resources number three growth of emerging market consumers for wealth transfer to developing markets so this just touch on the demographics and health care market use go what do you see there pretty simple the west is getting old and the east is very young we think that they'll be too big trends one in the west where you need

a lot of biotechnology and a lot of medical devices we're spending more on looking better living longer and in the east where they have young populations they need health care services pharma so she's a great opportunity for health care broadly energy and natural resources market look energy is is ubiquitous we all need it we all are running out of different forms you get the alternative energy process or processes come and there are very interesting solar now in florida the fact that solar prices are so you know dropping down like the same way we saw microchip prices drop down in the curve that they support a curve down of their zero and how is that really having a big effect huge effect and you know it used to be grid parity was a pipe dream but now grid parity for solar power is real grid parity may solar is on a parity with the current energy grid getting close not as good as hydro or nuclear but it's getting right there with you know natural gas the bus to fuller said the earth gets

a thousand times more energy than aids every day from the sun exactly we're just catching on that. right now fantastic growth of emerging market consumers we are about to enter the largest consumptive boom in the history of mankind and i'm a hyperbolic person but that's not a hyperbolic statement there are three billion people that are about to age into the prime consumption years forty five to sixty five around the world they've seen our life and they want it so whether it's in asia whether it's in india china malaysia indonesia you most people have no idea that indonesia is two hundred forty million people a huge huge place and they're starting to consume just like we are china is about to go from a manufacturing economy to a consumer economy and they've brought into the middle class a huge number of people and they're going to consume a lot of stuff india not this year the next year but over the next thirty or forty years is going to have the most well educated wealthiest workforce on the planet

and high working age population growth which means high g.d.p. growth now this is happening at an era when technology has brought consumerism a different spin on the game with sites like amazon and elsewhere so when you think about consumerism and emerging markets like first thing maybe a procter and gamble right they shampoo and health care products and deodorants and stuff the p. and g. does and these people are getting the design or you know side of the law but does these technology platforms like amazon are going to grow their own amazon or is amazon just going to move into these great question and it's really they're going to leapfrog just like they did in wireless and they skipped wireline with straight to wireless so they take advantage of technology e-commerce in china is one of the biggest trends really going out there thinking ali baba you know not much ten years ago today one of most dominant players on the planet ten cent and we chat huge huge platforms for commerce think about this every day last year somebody's boss stuff

on a mobile phone and two hundred forty. a million people in the united states bought something with their mobile phone seven hundred fifty million people in china did the same thing e-commerce over the next decade cordin mckinsey will grow twenty six percent compounded for ten years the mobile component of e-commerce grow fifty one plug in one point five one to the tenth power in your h.p. twelve c. you and i from that era yet sixty five not sixty five percent sixty five x. so the market for mobile e-commerce in china is going to be sixty five times larger a decade from now twenty well transferred to developing markets where is a well transferring from where creditors always win so they go about when europe had all the money and we were an emerging market back in the eight hundred sixty one nine hundred twenty s. and then they got very indebted and we took all the wealth same things happen now we now are fat dumb and happy we've got too much debt whereas all owned by emerging markets so the wealth always flows to the creditors so there's

a symbiotic relationship between china and they were us where china is reinvesting all the dollars they get and we're taking all the cheap goods. and they kept the dollar support as support of the dollar used to be that way right is that breaking apart oh yeah bad badly my wife kim is an english major so you know here's the thing if you think about our money and it is as if. michelle your wife's not here it's exactly right i was here as she's busy outside so i can just rip the graveyard are all we want are just bad yeah not bad or bad all right so if you think about a friend of mine had a has a daughter and four years ago she came to daddy i thought you said santa claus brings the presents so honey does wives why do they all say made in china four years ago up to today used to be about made in china and we were buying their cheap goods now as they become the largest consumer market in the world it's about made for china so all this rhetoric from the trunk ins about how we're going to start

a trade war no chance the. biggest market in the world is china to send our goods to they now buy more oil from us than anybody else it's not changing in time and that's bad for the dollar the dollar is in a secular bear market and people don't want to acknowledge it they don't want to believe it but it just is look we're all reserve currency status you don't keep it forever you keep it usually sixty seventy years and then it goes to the next and it used to be all about powerful navy now it's about the power of information data and consumptive brown and the navy reserve cars and portugal before that friend was on their list exactly and sun now we're moving away from the u.s. as world so you look at it so the old on the dollar index i think the lower seventy currently around ninety yes they are going to break below seven they get up we do these ten surprises every year so my surprise last year is that would go down in it but i thought it was ridiculous this year i said we're going from ninety to eighty

and i think the next year after that would probably go eighty to seventy so seventy is a little aggressive right now but i think we're there long term and near bullish on gold kind of bullish on gold i mean i like gold the problem with gold is it can be and has been i think manipulated so that's a challenge there are too many short sellers in the world of gold but long term relatively bush thinking about gold it is a store of value has been for five thousand years i mean for four thousand of those five thousand years and spot a fine man suit so now it's going to become a first of all you have a lovely time yes it's a gold equivalence it's all. this little scales got big coin on one side and gold on the other and that was sent to you by the fine folks at vanek ben ecu and i guess they have an a.t.f. product they're working on their own working on they're working on you know they they're very bullish on because i know they are and so as you are and you run a billion plus dollar fund how aggressive can you get into big going how do you play a bit coin is really for because tell us yeah you know look we have played picks

and shovels primarily so far we invest in. number of the venture funds that have been investing in things like coin bass and corbett know things. group over there we're not with barry but we're with dan morehead upin terra we're looking at life and capital and stephen's brothers so like those guys i think barry's what he's doing is really great and we're looking forward to his next offering we've done a little bit in the actual cryptocurrency is the challenge for institutional investors most of our clients still institutions is custody and until somebody solves that custody you know it's funny they won't custody because because they can't take physical custody but what are they doing with patents and what are stocks and bonds are not really physical bare bones anymore they're ones and zeroes so i'm not sure they're just not hiding behind they we don't understand it so we don't want to do it yet well a couple of swiss banks are now offering custodians services i need to talk to you again so i just read about this is pretty this is new right our friends over a gold mine where i sit back are cool now off. to study the services i'm going to

be on a soon as we leave yeah i get a you know like a free hat or something because before that roy roy you promised me a t. shirt i got so far i got nothing i want some of them in a jewelry you know they owe us that would be nice know me nice when i've been nice . let's talk about the regulars out there so see you have to see chairman jim clark though he came out here practically gave to call it a wet kiss you know so this is the currency of the millennial and we're going to be a little lapdog over here we love you kids we love krypto my kids play with crypt oh how sincere is that look at think it's sincere and i think it's real in the sense that a couple things about the f.c.c. and see if you see it all these regulatory bodies don't have enough people they can barely cover what they have to cover now the idea of trying to go out after the new hundred forty funds that are now you know trading crypto and and all these new big exchanges that are popping up they don't have the money you mentioned just

a moment ago a mark that the gold price was made. be inhibited from performance to have it be lashon and then manipulation the same as to be. blatantly in front of the face of regulators like silver was a bar children before this guy was brought to clean it was given air fuel evidence and a sam didn't seem to see what was right in front of his face so you know there's seems of be a conflict here am i wrong look incentives matter did i just lose half your clients are going to not i mean look i talk about this stuff too when the reality is it centers matter and people do it their incentive to do and you know j.p. morgan had a lot of short gold and silver positions and they need someone to take their side so boom we get an e.t.f. long goal but that is seemingly going to happen here in big coin and block related crypto related assets and it's a process we're still very young if you want to but which inning were it when you started the game well i can pre-game warm ups all right as you see chairman clayton

they're taking on more group i think aggressive. as i see as you know they should i've been in business for thirty years i start on a wall street you know that all the i.c.a.o. survey look like offerings and offerings are regulated and so if there are going to see some action there anything i think we are to think we haven't they've gone after two that were really egregious. look if you look at any organized exchange over the years there's always been abuses at the lowest level right penny stocks were run by boiler rooms they called boiler rooms for a reason not because they were nice people so when i would write the tory body has to look into something new they have a choice where they're going to go they're going to go after what seems like a legitimate transaction like it a bit coin earthier him or they want to go down to this level of pump and dump ponzi schemes in and i see oh that doesn't mean all i see those are bad doesn't mean all tokenization is bad look i'm a huge believer that everything in the world this building we're sitting in

somebody's going to tokenize fractional ownership twenty four seven global equip. that's far superior to locking up ten years in a partnership and have two to your extensions and pay two hundred twenty so we get only disaster and then it can take us a further such an absolute before we go though so you put out a four hundred thousand dollars price target on the bitcoin. to get there all about the thai gold equivocates right about that oh a gold equivalent to l.a. and your entire i don't know jack hours pony or something like just gold equivalence and it's pretty simple and how can you make such a simple argument like because that's where i think we're going to me in its current form and current technology is a store of value digital gold gold is an eight point four trillion dollar market twenty one million are really twenty one million their family members you have right there got to go all right don't go away we'll pick up right there on that exact point thank you thank you and that's going to do it for this edition of the kaiser report was made max kaiser and stacy ever like to thank our guest mark he

used go of oregon to create capitol hill to reach us on twitter is kaiser report intellect by. twenty four to you know bloody revolution of you tube demonstrations going from being relatively peaceful political protests to be increasingly violent revolution is always spontaneous or is it you know we're here to put a premium list with to do with the blues that i knew pulling me to the former ukrainian president recalls the events of twenty four. those who took. invested over five billion dollars to assist ukraine in these enough to ensure a secure and prosperous and democratic.

looking at the russians also different from the european. when it comes to individual rights and freedoms however they do have a very low tolerance for uncertainty in politics that translates into a strong electoral advantage for the incumbent making our transition and precarious what would it take for russians to stop playing it safe politically. it's not. just. certain i want to do things that show me faced with the very clear. away. then they have.

to build. something and then what do you how much. do you. measure. up.

u.s. indicts thirteen of russian nationals in connection with alleged meddling in the twenty sixteen election adding their supposed actions were in vain as they had no impact on the outcome. there is no one to give a shit in the indictment that the charge conduct could be. the twenty sixth. indictments come as the f.b.i. is under heavy criticism even facing calls for the director's resignation that it's off to the bureau admitted it failed to reacted to prior to wednesday's deadly school shooting in florida. and in a case of mistaken identity israeli soldiers stormed the house of a palestinian school teacher who's left with severe scarring after being mauled by an army dog.

it's seven o'clock here in moscow and you're watching international live from our studio with mean a day or two to welcome to the program thirteen russian nationals and three companies have been indicted by the u.s. justice department over alleged meddling in america's twenty sixteen presidential election the defendants are accused of waging information warfare. indictment charges thirteen russian nationals and three russian companies for committing federal crimes while seeking to interfere in the united states political system including the twenty sixteen presidential election the financial legibly conducted what they called information warfare against the united states with the stated goal of spreading distrust towards the candidates and the political system in general

because meddling is not chargeable offense though i'd bet good money it soon will be the thirteen nationals and three entities have been indicted for first and foremost conspiracy to defraud the united states one of the main defendants is the st petersburg based internet research agency and their alleged goal was to sow discord in the u.s. political system namely the two thousand and sixteen presidential election funnily enough i catering company can also be found on the list of the accused apparently they were used at least partially to fund the whole scheme meanwhile the allegations have not been left on the answered with the russian foreign ministry spokesperson calling them absurd tens out there with thirteen of them according to the u.s. justice department fifteen people were meddling in the u.s. election against the billion dollar budgets of the intelligence agencies against the intelligence counted teligent against the state of the art technologies upset yes but this is america's modern political reality by the way why things he

apparently that's the only number with bad associations announce that only hope the parties in question are said to formulate the plans to bolster donald trump and disparage hillary clinton using methods ranging from organizing political rallies to posing as grassroots groups but some of the tactics listed are questionable and one instance russians are said to have fun the construction of a cage aboard a flatbed truck and then to have paid someone to wear a costume portraying clinton in a prison uniform to sit in it defense also allegedly purchased advertisements on facebook to promote. titled support hillary save american muslims not sure how that fits in with the pro trump anti hillary agenda and let's not forget efforts claim to have been made on social media where the russians are meant to have use fake identities to push divisive hashtags and topics according to the document the fake accounts became the means to reach quote significant numbers of americans however when platforms like facebook and twitter were grilled about what part their companies may have played in the alleged meddling they testified that the influence

was minimal. we determined that the number of accounts we could link to russia and that we're tweeting election related content was comparatively small. aggregate these ads and posts were a very small fraction of the overall content on facebook but any amount is too much . these videos mostly had low view counts. and it looks like at the end of the day all of those efforts were in vain at least

according to the u.s. deputy attorney general there is no allegation in the indictment that the charge conduct alter the outcome of the twenty sixteen election now this development came out of nowhere and something worth noting is that all the accused are private individuals and companies the indictment is silent when it comes to trump kremlin collusion the goal of the whole investigation. president reacted by tweeting that his campaign did nothing wrong and by doubling down on accusations that russia started its alleged anti us campaign in twenty fourteen he added that it was before he announced his presidential bid in a separate statement he called on bipartisan unity claiming that discord serves the goals of bob actors like russia we discussed indictment with a number of experts and they suggest the timing of the documents released may be no coincidence is it beneficial for them all enough fridays and people have always thought that on

a friday when this is done it'll absorb as much of the heat as possible but isn't that interesting. i ask the question we had a shooting where the f.b.i. apparently and other law enforcement agencies were told repeatedly that this young man is exhibiting behavior which most probably is dangerous one can only suspect rather that the idea that the indictment was released today to take pressure off the f.b.i. i mean these indictments of course are prepared took a long time to prepare it could have been ready to go. prison time they could have held it there's no evidence for me to say about it but i wouldn't rule that out i mean it's an interesting thought but they were going to maybe do it next monday and they pushed it up. the indictments come as the f.b.i. is and the heavy criticism over wednesday's deadly school shooting in florida after the bureau admitted it failed to react to pry

a tip offs on the danger posed by the gunman who killed seventeen people florida's governor has called on the f.b.i. director to resign over the fatal failure. the f.b.i. says failure to take action against this killer is unacceptable seventeen innocent people are dead and acknowledging a mistake isn't going to cut it and apology will never bring the seventeen floridians back to life or comfort the families who are in pain the families will spend a lifetime wondering how this could happen an apology will never give them the answers they desperately need the f.b.i. director nice to resign any of the law enforcement authorities that over the last few years that had dozens of calls regarding the killing. we have uncovered at the broward sheriff's office that we've had approximately twenty calls for service over the last two years regarding the killer the f.b.i. has a chairman the protocol was not. the information was not provided by me. and

no further investigation was conducted at that time in particular the f.b.i. had been given information about the attack as gun ownership and his social media posts his desire to kill people erratic behavior and potential to conduct a school shooting also flags one of those who actually won the security service about the suspect has spoken about what led him to raise the alarm september twenty fourth two thousand and seventeen i sent a screenshot of a comment on one of my videos you know this comment said i'm going to be a professional school shooter and i knew that i couldn't just ignore that i had the report but report it to you. of course they remove the comment and then i tried to email it to the f.b.i. on. the shooting in palm beach and of florida occurred on wednesday when a former student fatally shot seventeen people and injured some dozen of them and

one thousand year old suspect was detained by police on the day of the atrocity his case and how the f.b.i. fell to recognize the threat posed by him is now being investigated. u.s. attorney general jeff sessions is now calling for an immediate review of the f.b.i. and the department of justice florida is not the first deadly attack that could potentially have been avoided had more attention being paid as came an open explains nicholas cruz isn't the only mass killer to be on the radar screen of the f.b.i. before conducting their crime all marma teen who shot up the post nightclub killing forty nine people in orlando florida was investigated by the f.b.i. twice before he committed his mass murder. turns out they deemed him not to be dangerous i don't forget about dylan ruth the self-proclaimed white supremacist who killed nine churchgoers in south carolina.

well it turns out he was able to purchase his weapons because of errors in the f.b.i.'s background check process and then there's no adele his stock has shot up a u.s. military post in texas back in two thousand and nine. the f.b.i. was fully aware that he was online in communication with top al qaeda leaders they still didn't bother to investigate i think we've seen time and time again over the last he is our intelligence agencies across the west dropping the ball in terms of getting tips being aware of potential threats and not following up on those threats and you to take advantage of measures it seems lessons not being learned they need to have a proper view about you know what exactly are the threats what are they trying to do.