and nine hundred thirty percent increase since one thousand nine hundred eight so the trend has been worse and worse for them and this is now after decades of polite conversation and attempts for polite activism and going on stage as jimmy mcmillan did in trying to debate andrew cuomo about the rent being too high and he was became a national let me comedy everybody's laughing about it but the concern is very real for these people and regarding this woman for example with this gallery in boyle heights they talk to one of the women who she runs the boyle heights alliance again art washing and displacement bad art washing bess a new one well i guess it's our washing so when you see the gallery come in dear neighborhood. pirtle hi hi and art from on known artists it's a sign of the neighborhood isn't becoming transformed in a way that's on affordable you know the terms white washing or green washing well

blue washing there also so white washing is basically providing like the u.k. does that all the time they have an inquiry an inquiry is official and it's lords and ladies who run these inquiries and they present a report that white washes the crime that happened by saying well some terrible things up and people feel really bad about it but like that so that's white washing our washing is using artists. to wash the community to gentrify the community so artists are being used to get rid of all these latino and black faces from the communities is what they feel so we guarding that woman that i talked about the art gallery owner who has a place in brooklyn and she has this place in book boyle heights and they're shutting down these are galleries so finance is following these group of activists from boyle heights and one of the guys that they talk to he's asked why they're stopping why they're actually going after art galleries that seem so barbaric right

well he said three five six mission there really smart in the past they used to do black events people of color events empowering workshops and trans people so that identity i don't give a if someone is black or brown or disabled if they're gentrifiers they deserve to die so pretty harsh language there and pretty extreme but this is the sort of militancy their determination to stop art galleries and all the amenities that the real estate agents then use to promote their expensive luxury eight thousand dollars a month apartments in this new complex want to make up the crunch. what about cheerios. the cereal cafe in other words in the east end of london one of the signs of really terminal gentrification was the parents of the cereal

cafe so hipsters are paying five six bucks or pounds for a little bowl of captain crunch cereal to you know have the feeling that they had a stroller and to feel good again and so that if you see a cereal cafe show up in any of these neighborhoods you know that that is a sure sign of on the road to hell well perhaps in london but i think americans are kind of beyond that because we grew up with that this is you know toast and expensive coffee but here in boyle heights remember they were kind of shut off from the grid of los angeles behind i think it's the one to one freeway so they're on the other side of the freeway from downtown los angeles but now that downtown los angeles is now saturated with really expensive restaurants and hipster cafes and art galleries and all that stuff they're building a bridge a pedestrian sort of bridge over the river to boyle heights which is only going to

increase the gentrification and basically make it a more hipster sort of look at all to first leading story about how you know this kind of pushback against the wages of hips tourism they have turned ugly so exactly if they can succeed history would say that they would not exactly ok so stay tuned for the second a lot more coming your way. the most expensive fish in the world each one selling for the tens of thousands of euros continues to grow its entire life it was through. years old you might have a ton of fish out there and yet they don't get that big today because we're way too good at catching. it's only themself a much larger mission was one that was much more widely distributed we have

politicians that are in office for a few years they have to get reelected everything is very very short term our system is not suited and is not cleared for long term survival and that's why we have the catastrophes. welcome back to the kaiser report imax keyser time now to return to our conversation jamison a lot of costs are casa hoddle you do the work there all right jamieson welcome back thanks all right let's continue down the path for the rabbit hole that is because i am and the cryptocurrency market and you know there's an interesting

dichotomy here in this whole space you've got the open source developers to actually work for free in a free open source software movement. going back to the cypherpunks and the whole history of open source and then you have this image of crypto as being a lambo a drive a twenty something this get rich quick scheme and then how do you reconcile these two or what the market work this all out yeah i mean i don't think reconciliation is necessary there's a very diverse range of different people who are in this market and are interested in crypto and. they're contributing to it in different ways and so you do have some of those outrageous investors that are flaunting their wealth but i find that a lot of the really early adopters and developers are actually quite the opposite and you rarely hear of them and they rarely talk about how wealthy they truly are right let's return again to another topic we talked about polonium x. acquisition by circle circle back by goldman sachs you're talking about exchanges

and potential vulnerability there if you have big banks kind of buying into those are controlling the big exchanges the pushback against that of course would be decentralized exchanges and this is they talk a little bit about that one of the couple the names and the decentralized exchange space so one of the first ones that came out i think over a year ago was originally called bit square and it's now this q but this space is actually developed so quickly i think there's there's dozens if not one hundred different decent realized. change projects another big one is a zero x. project i believe on a theory i'm but you know i've got a link to all of these of course on my website as i tend to do and this is an interesting development because i think will allow us to get away from these choke points and i'm not really much of a traitor myself i did start doing a bit of trading last year and i found that as soon as i started trying to bridge

back into field and into the banking system i started having a lot of problems at some point the hyper because as ation. term coined by daniel. pearl it's. so everything is big call and big going in big going out price a big client heading to a big clean world is this think it will get there is interesting especially with this development of lightning network second layer stuff a decent sized exchanges i actually think that even if daniel is incorrect on the fact that big queen will be the one and only block chain you could actually reinterpret that as all of these crypto assets essentially become bitcoin as it becomes seamless to transfer between one crypto asset and another just a click of a button then it doesn't really matter so much whether you're using assyria more like corner because when on the backend it's just crypto so it's hyper crypto is

ation. let's return to something you mentioned it and our previous conversation talking about they call and imagine the talks of possibly fifty forks you know over time at the forks of the scale and the contentiousness of it all now that sounds crazy. what do you see fifty four. talk a little bit about this it's the me to affect and in fact this is not the first time we've seen this in because when i think back in two thousand and twelve two thousand and thirteen we started seeing an explosion and a lot of that was due to the fact that software was developed to make it very easy to create old coins and so all of a sudden everyone who has just a little bit of technical expertise and and some marketing savvy can create their own i think you know a fair amount about that yourself your you know others there was a site there or we could just go to the site and plug in the specs and create an alter boy in five minutes yeah and so it's the same thing now with these old coin airdrops or between blocking forks however you want to call it is that the first

few of them were very difficult to do you had to have a developer that could really get into the code create you know their own new protocol changes but now you just go to i think fork in dot io and you know fill out a form and you've got your own fork. well it's the most quantum computer resistant pointed out in the marketplace today we all know it's macs going jamieson i don't know why and i spend more time developing while it's dramatic sky and jesus let's get back to the topic here so. speaking of manias twenty seventeen we saw the i.c.a.o. hysteria i see that steven seagal i.c.a.o. bit coin a spell too i want to know how to pronounce that. really because. he had to put in a certain kick you know what does he fight with nick some not know i'd like you know thank you. he got a cease and desist order you already have you know you were kind of raising the red

flag there. do you think this ice you know trying to work where he says it's over is it worth it going it's weird i mean i think one of the reasons why there was so much hype is because the markets had been inflated a lot last year you had a lot of crypto wealthy people who are now saying hey where can i. my crypto and you know keep it inside of the crypto economy but also trying to find the next big thing and so as a result there is a lot of demand for investing in a highly risky projects with the hope of you know ten x. hundred x. thousand x. return and now i think we've already seen that about half of those i.c.'s have already shuttered and failed and probably going to see the vast majority of them fail just as the vast majority of startups fail right and so if you're somebody out there and here are crazy enough i mean interested and looking at some of these what are some of the metrics that you look at is there any way to value evaluate these it is it's tough i mean i tell people that it's really like angel investing and so sure there has to be

a decent idea but if you really want to do your due diligence you have to look at the team you have to say can this team execute this idea and are they trustworthy enough that you know they're going to be around and put in the effort to execute it right and a lot of times if you do any due diligence at all events he quickly run into all kinds of red flags that there's nobody does that the lights are on but nobody's home type of thing whereas a sovereign cryptocurrency that venezuela turkey. iran. you know the countries are starting to look at this as a way to solve some of their issues where what's that trend all about where as i go and do things. well the main reason that i find it interesting is from a standpoint you know at least some of the countries that are doing this are under economic sanctions by the united states so this may be a new type of play you know to to try to skirt various economic sanctions whether or not it's going to be successful i'm very skeptical i don't know why anyone

outside of those countries would want to invest in them given their history and rights overall not not a real positive kind of take on those go back now back to the drama kind of missed the drama of twenty seventeen now that the summer of twenty seventeen that they you know it was really an intense time i think as it actually it claims face to someone existential crisis that is that fair i mean it was really touch and go there for a second you know we've got a couple of minutes this is very dramatic stuff take us back to that moment what was the triumph l. to mentally that happened i mean it was really the culmination of years of frustration and contentiousness and there was a lot of games theory that was being experimented with with you know the segment two x. versus user activated soft fork which eventually created you know the cash for it as well and so we had all of these things parts of the system moving and we all

knew that we were heading towards some major event we didn't know if it was going to be cataclysmic or great you know rejoicing and celebration the community was really into it so he had the emergence of some interesting media he could calm media crypto personalities there was a world crypto network which i watch all the time on you and the tone is and the vortex and jimmy song and these people really kind of us did distinguish themselves as being the voice and yourself kind of the voice of this. beard of what this the toshi and this because it's all about and then he had a real kind of antagonist emerge it with big cash and roger and on a on the and even john mcafee to an extent emerged as something of the antagonist in this drama and did did those guys ever prove anything with because in cash

well i mean they proved something very important which most of us already knew which is that anyone can fork off at any time without asking for permission and it's actually kind of weird that it took them so long to do that you know to finally realize that they weren't going to be able to convince or or coerce the rest of the system to go along with what they wanted instead they had to do the voluntary thing which is to leave and convince as many people as they could to join them and how is that project going now. it exists there mining it transactions are going through but you know from any number of different metrics it's it's another all coins i mean i think the you know light coin and those coin are doing better in terms of like transactional volume and fees and you know if people like to call in cash than they should use it. ok fair enough not. that we had a minute or so just want to dig down a little bit into your new project so it's called. and.

just tell us of so it's if you've got multiple kids in hardware different hardwares so like for example when the window vaastu and said that their security protocol was applied to break up the a private keys and put them in a safe deposit boxes in different banks around the country ok that's the kind of the approach is that you're you're you're going to have multiple hardware while so i have two or three phones i pads or whatever and these are now going to be contributing to a multiple hardware security platform to give me the true ability to be outside of the banking system be my own bank with the highest grade of security right so we're approaching this from a standpoint of saying you know we believe that you should consider your threats vectors to be everything from. a common thief who might break into your house

to a sophisticated attacker who knows a lot about you and wants to take you hostage to a nation state attacker who could even have the ability to go into banks and coerce employees at banks to open up a safety deposit boxes what is a five dollar ranch attack that is an attack where you are vulnerable because you have enough private key material on your person that someone can just physically hurt you with a rental you. with anything you know until you get money right that's not good anyway thanks of going. to you love being here writing well that's going to do it for this edition of the kaiser report with me max kaiser today's ever like to thank our guest jamison lott now at casa. for some reason they're saying casa hoddle because someone else has casa some squatter and if you interrupt three stamps and lump on twitter it's at a lop as a treasure trove of information probably the best on the web federici us on twitter

sky's report until i stand by oh. how does it feel to be a share of the greatest job in the world it's as close to being a king as any job there is one business model helps to run a prison now we just do or don't like to see it you know b.t.o. visitation i don't know what comes even more we don't have to serve them anymore it's cost effective that's what they want to do that at the moment they don't give a damn if you do the chores or not they're actually paying us to put it back into the louisiana incarceration rate is twice as high as the u.s.n. breach what she could is behind such success. seemed wrong. just don't. get to

stamp out just the attic. and it gains from it equals betrayal. when something find themselves worlds apart we choose to look for common ground. well we'll go twenty eight team coverage we've signed one of the greatest goalkeepers available to us but there was one more question by the way who's going to be our coach. guys i know you on the us he's a huge star among us and the huge amount of pressure you have to the center of the problem here with you and you go through all the great game the great game you are the rock at the back nobody gets past you we need you to get down there we have to go. alone and doesn't want to you know

and i'm really happy to join the team for the two thousand and three in the world cup in russia. this special one come on both appreciate me to say the review team so they just addition to make up as we go so i need to just say look. this is boom bust broadcasting around the world from right here in washington d.c. i'm part. and coming up with lots of news today on autos we talk with the car cold war and this and we also look at block chain and kryptos with perry and boring from the chamber of commerce plus last time we were able to get to our conversation on why the u.s. department of defense is tapping still

a convent only one artificial intelligence will have that interview with todd shipley of virus software all that's coming up but first let's head to some headlines the trumpet ministration is preparing to level roughly sixty billion dollars of additional tariffs on china related to intellectual property according to the washington post the report is that the president's aides suggested thirty bill. and the president said double it the package which at the this point is to be announced on friday is said to target one hundred or more different products which the administration will argue were actually developed using american technologies that was either stolen or pressured by the chinese in order to release exchange for access to chinese markets it was bound to happen in an autonomous car has killed a woman in tempe arizona the news comes as regulators and carmakers have been increasing research and development of autonomous vehicles the vehicle of volvo operated by the right hailing company goober hit

a woman when she was jaywalking while this appears to be the first fatality of a pedestrian a driver in an autonomous to engage tesla was killed back in twenty sixteen hoover has halted the company's self driving testing program. and other auto news a u.s. senate hearing on airbags today in washington examined the airbag inflator recalls the most extensive recall in auto history that many lawmakers have complained is moving too slowly infect our to america's learn that one of the hundreds of thousands of vehicles with the problem that air base airbag may inflate without an accident due to high humidity and deterioration that some auto owners have been informed of the problem without the automaker providing any solutions whatsoever one such automaker is lincoln motor company which r.t. america has learned sent a letter to some vehicle owners stating an exploding inflator may result in sharp metal fragments striking vehicle occupants causing serious injury or death while

what the vehicle owner to do well according to lincoln when parts are available the lincoln motor company will send a letter to inform you that parts are ready and to contact your deal to schedule a repair that's comforting not meanwhile yesterday it was reported that hyundai and kia are now under review in the us for their airbag. albums in this case the airbags were manufactured by german auto parts maker z f t r w formerly u.s. based t.r.w. automotive the national transportation the national highway traffic traffic safety administration said it is reviewing about four hundred twenty five thousand vehicles made by hyundai and kia due to for accidents in which airbags did not deploy last month hyundai recalled one hundred fifty five thousand sonata model vehicles for the same reason in two thousand and sixteen feet at chrysler over a half a million vehicles for airbags which did not inflate. discuss all of that and

more is car coach lauren fix lord thank you for being with us again i mean what's an auto entered to do when the answer is no there is no repairing your problem right now from airbags but it could cause serious death or injury. well i've got the same problem i have two vehicles that are under airbag recall and there are no parts available so you have to just keep calling the dealer and being persistent it's not like one dealer has it and it doesn't the fact is you still need to be in the loop so it's up to you to be proactive i know the federal government is really trying to make sure that every single person out there that has an airbag problem gets it repaired the problem is if there are no parts because the manufacturer has to go back and retool it you kind of have to wait it out if you sell the vehicle or trade the vehicle in because you're concerned that's understood usually there is some sort of concession for that situation concession from the dealer if you take it back to the dealer and try to get it taken back right that they wouldn't buy it

back without having to buy another vehicle they're going to try and sell you something else on the lot because it's all about sales so they're going to try and up sell you into a newer model that doesn't have that problem or a used car that's on the lot so be prepared for that but they won't just buy it outright that this won't happen it's really sort of strange what lincoln says lincoln says that you know there airbags i don't know if this is the same for for all of the i know there's a couple of companies that are involved in the airbag demise the problem but lincoln says that there are bags are susceptible to temperature changes and the humidity variations therefore when they do get parts they're going to first go to areas in the southern united states then followed by i don't know buffalo new york maybe lauren then by canada so you'll be middle of the line now if you're in buffalo and you drive your car to i don't know daytona and you stay down there for a lot of the time you're sort of that so well i guess right right whether you call

it snow birds around here those are people that live up the northern end of the country during the summer and the southern end during the winter yeah you would be susceptible you would probably want to register your vehicle if you're looking for an airbag replacement somewhere down in florida you're more likely to get that airbag replaced at a sooner date the big thing that i tell everyone if you're ever. concerned you never want to be closer than twelve inches of that airbag to the center of your chest and the reason for that is that is the proper distance closer if that airbag as a ploy or an accident whether there's a problem in a recall or not you're likely to get injured so you want to be at least twelve inches i have as i mean be back as far as you can have to reach the pedals on the steering wheel but keep that in mind from a safety perspective get there by replaced when you can if you're totally concerned you're thinking i'm not willing to take that risk you may have to invest in another vehicle that's great consumer information lauren let me ask you real quickly before we go we saw this first autonomy's car related deaths the called off their testing program is that going to have some chilling impact on the longer term autonomous

cars where you think it's just going to last for a while it's going to cause some serious government regulation which we know is coming the insurance agencies are going to raise their rates because they know one death is one too many and then of course you've got the hackers who are waiting for this network to start going for these autonomous cars to communicate with each other and the only winner in all of this is only one group and that's the toward attorneys they're very excited they're going to sue bull and the insurance company the driver anybody the tires the city that they're going to sue every one of the only ones going to make money out of this is going to be the attorneys oh my gosh we thank you for the information either way but we're glad to know the status lauren fix the car coach thanks for your time as always anytime. master card says they would be amenable to considering offering crypto currencies if they were backed by a central bank ari starker the co-president of master card asia pacific business

said that so long as it's backed by a regulator we look at it in a more favorable way some national banks including sweden's are considering a crypto currency master card already has thirty patents related to crypto currencies and walk jane and here to discuss this in all things blog chain in crypto is parry i'm born the founder and president of the chamber of digital commerce period thank you so much for being here i'm really pleased to have you we've known each other for a couple of years and your real expert in this field what do you make of that master card headline it's really exciting stuff there is actually a number of major central banks around the world that are looking at the possibility of issuing fiar currencies on block chain just last november i went to singapore the invitation of the monetary authority of singapore the central bank for singapore where they were releasing the task the project then this is when the most exciting things we're seeing in central banking and monetary policy today so the central bank of singapore has taken the singaporean dollar and they've tokenize

it across three different blocks chains and then they released those the data from that test and wait last year there's other central banks that are looking at this as well and including the in the u.k. canada is actively exploring on open box chains such as the theory and and just a couple of years ago i had the opportunity to present at the federal reserve with janet yellen and with over ninety central banks all in one room at one time where we have a chamber assembly members god to help educate central banks around the world on the potential benefits of block change what's really important that whole education you know the g twenty finance ministers are meeting down and going to saris right now actually and if we go all the way back they take a big interest. in financial regulation back in two thousand and nine in the pittsburgh meeting they came up with some of these sort of suggested rules of the road to deal with things that later became like the dodd frank law except so i'm

wondering whether or not they're going to come up with some sort of rules on crypto currency and maybe block chain maybe if not now later given that we've seen as mother european monetary authority and others the f.c.c. and other regulators saying be cautious to consumers is that reasonable i mean it's always fraud in the financial areas right but it seems like there's more or maybe it's just because there's so much going on with crypto currencies but is there more it is something we need to be really be worried about if so what the regulators are really concerned about is the consumer and vaster the retail and fast care being led astray by a fraudulent scam so as with all the new technology and sometimes criminals or some of the early adopters and there absolutely is a legal activity out there it doesn't represent a huge percentage of the actual activity that's happening but it does end up taking the majority of the headlines but i would say for the retail consumer who wants to invest.