but i when i look at a headline about a start up in the old fashioned world and that's part of why combinator went to silicon valley start up incubators and this is legal apparently a startup is pitching a mind uploading service that is one hundred percent fatal so this is a company called next tom and it's founded by some guy robert mcintyre and basically you'll be able to load your brain. on a cad jaz you have to basically have physician assisted suicide write while it solves two problems with one great start up you relieve yourself of the burden of this mortal coil and you achieve immortality is a v. the psychological imprint of you consciousness up to the clouds so it's very have been like isn't it we're going to the cloud of the pearly gates of this but you know this is what happens during the whole process remember alan greenspan when he

was running the federal reserve bank he said that the economy is getting lighter by that he meant that we are moving away from an economy based on stuff ships and trains and trucks soon to come be based on electrons and the little actual property and financialization and the trend is only exacerbated to become more prevalent and more significant to the point where very little of our consciousness is now part of the physical world we're entering therefore reality we're entering a now phase where people uploading their minds to an app and they're willing to trade their physical body in exchange for the promise of immortality because remember as we've shifted from the physical to the pure spiritual i guess you could call it we've also lost all values associated with the physical plane the whole respect for gravity the whole respect for morality and ethics have now been reinterpreted in the gravitational. that's the coolest valueless vacuum of moral

turpitude which is now the new reality or heaven as some may call it this is again a silicon valley company it's y. combinator the guy who's the co-founder says the user experience with identical to physician assisted suicide there are twenty five people on the waiting list including one silicon valley billionaire who is in is early thirty's and he has already put down the ten thousand dollars deposit to have his brain have to be part of the physical world especially with the ecology collapsing the way it is right i mean we find out that bottled water ninety percent of it plastic has plastic anywhere imbibing plastic we swim in plastic we live in plastic we live in a garbage dump and the bible says the meek shall inherit the earth these are the people that are too timid not to have them so is transformed into this new product available in the cloud assisted euthanasia in exchange for all of your virtual dollars now i want to turn to another big story that's happened while we've been down here we have the power grid here preface that you talked

a little bit to our guest john mind about but before i get to that i want to show you what can be done if you look at the national security and what sort of deals could be blocked and that was chump blocks broadcom one hundred seventeen billion dollar bid for qualcomm out of national security concerns highly unusual move according to washington post donald trump ordered singapore based broadcom to bend its one hundred seventeen billion dollar hostile bid for qualcomm blocking what could have been one of the biggest technology deals in history and his presidential order chump cited credible evidence of the takeover threatens to impair the national security of the united states the merger would have put one of america's largest mobile chip makers in the hands of a company based in asia or reason that's going to receive against american companies to develop the next generation of mobile technologies so of course that kind of goes with the first story is that if every effort all the silicon valley billy. errors frees their minds to be reanimated in the future and i'll put it to

a cloud in the future whoever controls the call howard is part of this story here all of the suicide bankers will do so in the name of living in a world of seventy two virgins bankers living in the suicide cloud there'll be jamie diamond lloyd blankfein completely naked and waiting for you all you need to do is pull the plug and go into the euthanasia clinic enjoy the seventy two other banking virgins in the cloud it's a fantastic page about the i.c.a.o. should be worth billions more than the telegram i so you know he did this presidential order so it cannot be overturned by legally he had done this before the treasury came out with their report the treasury has the committee on foreign investment in the united states our city has an interagency panel led by the treasury department bringing me back to what the initial point offerings and now that fin san is also weighing in on on these tokens and basically what they're

saying about these token offer all these i.c.a.o. is on this what like a thousand of them that they are money transmitters so there's a government agency called syphilis. oh i mean i'm pronouncing it that way they might have their own way of pronouncing well that's not too subtle isn't so one of the reasons why it's a furious as i call c f i us was perhaps moved so fast they say is that broadcom was going to relocate to the us in order to circumvent in order to perhaps you know get around any national security issue so they're going to pretend they were american but so basically what the president and the administration are saying is that they were worried that the china's huawei for example who is their biggest competitor the next biggest producer of microchips the ones that are uses

your phone so that and it will be used in the future basically electric cars to communicate with the grid and so they want to make sure that we we are still in the game so there can be national security interests. that are still apply in certain industries this is close to an industrial policy so we talked recently to michael hudson about that it's a michael douglas michael hudson about. you know an industrial policy for america right i guess is the key point here is that chump is willing to impose order to in the name of national interest even though my my not be welcomed on wall street in this way so this is of course strategic in the sense that you've got the president standing up for interests that are more akin to a national interest you know well the trend continue we said when he was elected at least i did that he could be a roosevelt type character and be a trust buster to start to break up these days of monopolies i still think that's

a possibility unless you want some soft uploaded to the cloud it will be kind of of the cloud based people and we'll make having great again now i want to turn to another headline about national security and that is rebuilding puerto rico's power grid the inside story it's a fantastic piece you should read it it's very long and but it explains the whole situation here it is you know about ten to fifteen percent of the island still does not have any power and this ties in with national security because. the economy of puerto rico why it is so bad it has to do partly with the national the state owned electric grid but back in the sixty's and seventy's the u.s. introduced tax incentives to get manufacturers to move here and in the south of the island the other side of the island all these big manufacturers came a lot of pharmaceutical companies still to this day ten percent of all

pharmaceuticals consumed in the united states are actually produced here in puerto rico but as a consequence all of the electric power plants and most of them all the big ones the ten biggest ones are all oil run they're all in the south of the island which is the way it that's the direction we are on the top of the north of the island so all of the cables and you know how the u.s. does unlike much of europe which is the cables are underground here they're over ground so all of the cables were knocked down in the hurricane maria and because it's also a jungle it's going over the hills all those cables are going over through jungles vines although you know you think of a jungle it's all sort of a canopy of green it's all growing over all of the cables that a fall and so they have to extricate those cut their way through those to in order to get the cable to put them back up. just a little girl and move. a little remember that of course

a west side story. stevenson wrote the book letter bernstein directed the music brilliant show a lot of people total knowledge about was based on the stage production of west side story and the subsequent movie. there's more going on here than for a good west side story there's just miss utah best perceived oh my goodness you have to learn how to speak spanish ok by the way we did pass that area of old san juan that is really quite beautiful i forget the name of it right over there where pearl of yes so seventy percent of all energy production on this island happens in the south seventy percent of the demand is here and holds on one area or other areas of the north so you have an a very very old electric grid the new governor is now trying to privatizing or or parts of it many people on the island are worried that there's no incentive for

a privatized company to put all of the money that is needed to develop it and i want to say in the last minute here that we also have seen the emergence of a lot of micro entrepreneurs who are coming up with little c like micro solar panels on your rooftop in order to power your own little electric items needed in your house because many people are still without power and there there is a new movement to use the national utility grid now as a back up and for the future because there will be bigger and bigger hurricanes and this was a vigorous hurricane to hit since the one thousand nine hundred twenty s. early one nine hundred thirty s. that that you should take care of yourself essentially they should have your own energy sovereignty we need some micro grids we need a mesh sort of network so that you are never reliant on a centralized grid again it's a quick question that will go to bring the energy needs you're talking about there the way that they're geographically spread out it sounds like a her kilian task to bridge that gap there's tremendous entrepreneurial energy now

on the island in your view. you stacey is the way to watch for those coming in now are they may be thinking a little bit with rose colored glasses in terms of what's possible given the immense infrastructure needs on the island or what you think well there are some outsiders coming in and yes they have fantasies and many of them have a lot of money but there are indigenous local people born or raised here who are also that the article points out they are the ones that humanely walk down the road went to these locations went to homes and introduced the solar panels so that so these are puerto ricans local puerto ricans there entrepreneurs as well and they're introducing options it's up to whether or not. you know that the fiscal control board will allow these sort of things to happen right now by the way the oversight board has actually taken the energy grid off the creditor list they're not allowed

to seize it they're not allowed to take these assets at them at the moment all right well something will get very close attention to that it's going to be time for a little bit of a break so don't go away stay right there. for a world cup twenty eight team coverage we've signed one of the greatest goalkeepers of all time but there was one more question by the way is going to be our coach. guys i know you are nervous he's a huge star among us and the huge amount of pressure you have to go to the center of the truck while we're with you and so will the great game the greatest good you are the rock at the back nobody gets past you we need you to get the ball going let's go. alone and doesn't want to you know and i'm really happy to join the to do for the two thousand and two world

cup in russia meet the special one it was also. meet the. latest addition to. the far right. isn't just on the march it's taking violent. action i don't like it. i see these organizations which on usually split into which we differ names how do you view that. complex web of british fascism. fundamentally the united states and russia are have been for decades two scorpions

in a bottle each capable of destroying the other but at the price of being destroyed itself . said well these weapons will overcome u.s. missile defenses u.s. missile defenses were totally ineffective against russian forces already so they'll be more effective against russian forces. welcome back to the kaiser report imax keyser time now to turn to entrepreneur michael turpin michael welcome because report glad to be here it's great to have you on we actually we've known each other for more than twenty years right and you've been in the hot spots in technology one finds michael turpin and then it

goes back to the dot com era and now we're in the crypto era and you've really carved out an interesting space and place yourself here in quite a rico you were i guess kind of the first guy to come down here and stake your claim and you could say and so tell us a little bit before we get into the crypt us space what drew you to puerto rico and why what's happening with that michael so i've always been someone who looks at fairness and about you know how to you know do something that will will will help myself my family and so i moved from california to nevada right before i sold marketwired my last company because it was crazy to be spending forty percent more taxes if i was living there for a global company rather than the data and when i started getting very deeply involved in the currency starting transform group of the top p.r. firm in that area and advisory all the sudden i'm working with companies and i

guess some guys get paid in coin or in some of the other tokens like we launched the theory i'm and i'm seeing at the end of two thousand and fifteen of them starting to trade the price is just skyrocketing and so obvious that i'm not worried now about the vat of tax i'm worried about long term and short term particulars short term capital gains just thirty nine percent and puerto rico i heard from a friend of mine who is an investment banker who is selling i.p.o.'s in china and he's barely in the u.s. i'm still paying fifty three percent taxes because he had a home in california and so i look to puerto rico i told my why. about it she'd only seen west side story and not the truth and she said i guess i can maybe do a little time in tax prison and they can peel it away from her she that's right and you know a lot of hedge funds guys have moved down here before you and you have john paul saying it. let me just introduce this idea because the way you describe it it

sounds very dry that you know there's a tax benefit to moving down here and that's part of the entrepreneurial mix is you've got to look at your entire picture and maximize wherever you can but there's acute ancillary impact for the crypto community coming to puerto rico it's twofold right there's one is the local community is now getting to five and you can talk about that a little bit and then you're bringing in a lot of expertise and a lot of young talent a lot of fresh talent and that's adding to the mix so can you talk a little bit about that the vision thing it's become a positive petri dish so when i first came down here in early twenty sixty and people were barely understanding how this could become a technology town much less the first time i spoke at a conference here which is the port of the puerto rico investment summit i asked people in the government about how you treat watching the ants was what is a block when i held my first point in gen the caribbean conference last year the same person i asked what is

a block chain actually spoke and talked about the benefits of block chain which they do treat here as being services rather than software and they're both foreperson will get into that a little bit tax and nothing to the iraq's if you provide the product down here but with watching it's open source so you don't own the ip and that's one of the definitions of software we're says software is a service you know michael says a crypto space got going different countries and territories that advertise themselves are trying to position themselves as the quote switzerland of crypto and they want to be the greatest regulation they want to have the greatest of by. mannix cetera and i'm you know here for the first time myself and i've been to isle of man i've been to switzerland i've been to various european countries i've been to these places that say hey we want to be the crypt of switzerland you know this place really could be the crypt of switzerland it's got everything across the board what are your thoughts on that i'm a big proponent of that and i'm very encouraged with what wyoming did wyoming just

had a unanimous legislature approval and the government signed an act to say that utility tokens which is most of what this i.c.a.o. phenomena comprises is a new asset class that is exempt from securities and money transmission and the courts will decide whether wyoming legislation trumps regulation but they're pretty adam of the day and they want to go into other territories and i've got nothing but you know open arms from the people i've talked to in puerto rico as will help the island we bring jobs here very open attitude about how can we go in first and foremost how do we keep our kids from like graduating and having to go to the mainline because they can't find a job here that's going to pay good wages generations coming up actually says that they could be part of building this new generation and it could be. as you say a petri dish and a really growth story now you mentioned ice yos and regulators for a second you know it's interesting is that this if d.c.

thinks calls crypto commodity the f.c.c. thinks it's a security you've got fence and i think it's saying it's money right so every regulator thinks they see themselves and right and that they need to be a part of the regulatory mix how do you see that unfolding because it's having a real impact that's undeniable yes so a house and in fact the i.c.a.o. market and how will it impact more broadly its impact in the i.c.a.o. market particularly the last couple weeks in sort of a feeding frenzy of fear. because basically a lot of the lawyers have been saying do this do this another good. maybe you can't do this and that and at the moment i'm hearing people advise just do a public offering which means you become a penny stock and that doesn't seem like the innovation or they just say block all americans i don't think that's going to be something that lasts forever i think i'm very encouraged by what wyoming is doing and if a judge just backs them like you know the f.c.c.

had been saying all this stuff looks like securities the us a judge actually said the cryptocurrency is a commodity it's not the same well mean it's a security am a commodity and you know another judge in florida and some of the bitcoin is not money so the courts are going to have to decide in the meantime people are afraid and so they're either blocking us or they're coming up with you know hacks of the rules talking about you know how a lot of times you have to go and find a positive activity hacking is a good thing in many cases and i think one of the hacks is you simply go and you invest in a funder of a syndicate that's offshore and that's how as an american citizen you still get to you know take your rights as a credit investor to be able to go invest in what you've researched game theory for a secondary much better you're a seasoned entrepreneur this game of cat and mouse with regulators is part and parcel with the entrepreneurial world steve jobs got to start with the phone phreak they're breaking the law you know most entrepreneurs are skating the edge of the

law that's how they kind of introduce a category and they hope that they their product will redefine the category and that the law will be changed you know they see this on wall street all the time so in the area of tripped out i can understand the regulators are you know they have they have a vested interest don't think they represent a long standing financial services business and they really are in their service you could argue but will a territory or a country break ranks and say you know what we are going to be that crypto location and we're going to attract those jobs and are you playing a little game like that michel you know you're kind of a deal. most of the dean in this in this space too far off all have one thing often called the i.c.a.o. godfather one network but now you're not far off and i sort of learned a lesson way early in my career in the ninety's when one of the things that i did as a side project before me for a marker where was i co-founded something called direct i.p.o.

and it was myself a stock broker and we decided to like start going and disrupting wall street by letting people do direct public offerings of internet companies and we started the same day as with capital and with capital and the client was a securities lawyer we employed securities lawyers our entire funding went to a big law firm who told us no no no it's too risky he did the exact same things yes c.c. called them in and they gave the exemptions he sold the company for several hundred million dollars we basically went out to do something else after we spent all the money side aside i was not going to make that mistake in this field so i talked to a lot of lawyers and i look at a lot of different jurisdictions but when i started been angels in two thousand and thirteen one of our charters was fine friendly jurisdictions malta is a great.