all symptoms of a greater problem in haiti and that greater problem is imperialism that problem is death dependency and domination that haiti has had to deal with since it became the first. free republic ruled by black people since eighteen zero four. max kaiser this is the kaiser report of the show that keeps a real world is becoming increasingly more surreal. you know. him back so we're back from puerto rico but i could not really leave put a rico spiritually or mentally so i dressed kind of like one of the buildings and all its on one. love the color fantastic so while we were in puerto rico i know we

klein you know the famous no logo author she was had written a piece for the intercepts and i wanted to follow up on that and then. basically go over our perceptions after being in puerto rico for nearly two weeks and see part of america what we feel about it and what our assessment of it and what her but some of her arguments here it's a really good piece she wrote for the intercept the battle for paradise puerto rican ultra rich porto peons are locked in a pitch struggle over how to remake the island now first of all she did go around the island and she went to a place called casa point below which is in an area called us which isn't basically in the middle of the island a little bit to the west and there's this one place called casa play blows a beautiful pink building everything is bright color there and it was the only place that had electricity after the hurricane in the whole region because they had

solar panels on the rooftop and so they were able to you know provide electricity so her takeaway was that in part the spread of the gospel of renewables in the weeks after the storm cost of puebla handed out fourteen thousand solar lanterns little square boxes that recharge were left outside during the day providing a much needed pool of light by night more recently the community center has managed to distribute a large shipment of full sized solar powered refrigerators a game changer for households in the interior that still don't have power casa push people has kicked off the hash tag console and this is you know that attempt by them to bring solar power and the grid to the network remember the state owned electric company is the one that controls the electricity grid in puerto rico is the state controlled which enabled that built a system that relied on oil imports from america expensive oil imports from america

because remember the jones act you've got to have a u.s. built and manned crew bringing in the shipments of the oil so prep was the one that built the system that. failed the people are the ones that built the renewable solar system that succeeded great points so how does my only climb for the end of this we climb is say hailing these local people who are champions of doing their stuff there and she's now against however all the rich crypto people coming into the island that has been abandoned by two hundred fifty thousand people two hundred fifty thousand puerto rican left the island after the hurricane mostly going to florida new york and here she's talking about what she saw at the same crypto conferences that you and i were at we observe some of these there were three or four back to back here is her assessment of what she saw at the same event we

were at conference attendees also learned that if they move their own residency to puerto rico they will not only be able to surf every single morning but also when the vast personal tax advantages thanks to a clause in the federal tax code u.s. citizens who move to puerto rico can avoid paying federal income tax on any income earned in puerto rico and thanks to another local law act twenty two they can also cash in on a slew of tax breaks and total tax waivers that includes paying zero capital gains tax and zero tax on interest and dividends sourced to puerto rico a much more all part of a desperate bid to attract capital to an island that is functionally bankrupt so she's against this immigration she is against the immigration to puerto rico of rich people from the u.s. many of whom are indeed escaping taxes will go into that in a bit but you know this position as

a notion that immigration we know is good for the mainland united states i believe would agree with that many left wing progressive people say immigration is good these people coming into the united states are good. i would assume having immigrants come to puerto rico is also a good thing so naomi klein the famed author who is writing extensively on environmental issues and social justice issues went to these conferences in puerto rico and her takeaway was that a bunch of rich people have showed up and this is a danger to the local economy and to the local fabric of society so the first thing that strikes me is that lefties like they own me feel they have a monopoly on good intentions which i'm not sure where that comes from they have a monopoly on being stagnant and not putting forward any policies that gain

traction but actually end up in social engineering not sense f.d.r. but a sense in the modern era they've got no actual all policies that have been effectively enacted because they always hide in the cave of good intentions and they don't want to actually stick their toe into doing something that would require taking any risk as. the seem to love what called skin in the game they seem bereft of wanting to ever have any skin in the game number one number two apparently she was at the conference however i didn't see her at the conference and i was there every day at the conference and well in fact i know you were not at the conference she was that i know you were in the actual building it was in the vanderbilt the can dato vanderbilt but when you and i did not attend that conference we were by the pool those two or three days it was an event that was like four thousand dollars to attend we were not going to pay four thousand eight thousand dollars to attend and

there were three conferences. including the one she went to we went to detent and queen agenda this is the one that was in the middle it did happen in our building we didn't attend that piers had given the keynote address. ever had attended this event as well we did not attend but i do know like she has no you know her vision of it was much more negative and turn it around on words i was not aware that she was at the conference yes i was there i did you know me because i was there knows what i'm saying and whether she was physically in that building next door is not the point the point is i no idea she was there and i wouldn't expect her to be there because i would expect to have any positive input into something like this because her understanding of technology crypto is zero obviously this intercept article she's one does nobody and that was clear and her comments are equally bereft of anything substantial as relates to economics the economy and crypto currencies and once again brought paris was character

assassinate is she she. she she she she she character assassinated brock pierce just as john oliver who's an immigrant in america i characterise. was brought pierce as a very complicated story he's very controversial character to law school story and the actual economics on the ground story but let's go into the economic story let's go into the tax story real us through then forget her personality or brock's personality or john oliver's personality or anybody's person that's what she brings on the line. but this tweet i'm going to read for is totally totally nothing personal specifically about taxes here's the thing brock pierce you cannot lead a movement of crypto tax dodgers to a disaster ravaged island and expect to be taken seriously when you talk about giving back taxes are how normal people give back pay your damn taxes then tell us about your good deeds so here's

a woman who goes around the world goes to places like argentina that has plundered goes to various you know disaster zones around the world you and i have been to many economic disaster zones she goes to all sorts of environment. disaster zones and economic disaster zones but here she is telling the guy to pay taxes to the u.s. federal government where almost all of the you know the discretionary budget goes to the pentagon to basically causing the very things she goes around the world trying to fight. on top of that we have to recall what bitcoins very first words were and that was the times january third two thousand and nine chancellor on brink of second bailout of banks how did the chancellor of the united kingdom have the cash on hand to bail out the fraud that took down our global

financial system how did the chance i have so much money to bail out all those banks right from taxes the pull of taxes and of course all the corporations and the energy corporations like exxon and others that are causing environmental problems get huge subsidies the paid for by taxes and naomi klein understand where she comes up with this idea that pay your taxes first and then circle around back and think about distribution of equality and opportunity a second i mean i guess because she's canadian and they okayed inside of a different mindset in terms of how the economy works because it's a very different organism organized economy in canada than it is the united states and this idea that pay taxes first ask questions later seems to be the mindset of someone who's been colonized by the corporate military spy agenda in her mind and let me point out that her book no logo says no logo ok if you look at the upper

right hand corner of the title the cover page of no logo is a little r. with a circle in it which is a registered trademark so no logo is a logo isn't meant to be ironic or she's just a moron so you know our observations perhaps her observations were different you and i are in the crypto community so we're observed different things and she doesn't perhaps her observations she would she was looking for what she wanted to see if perhaps we were looking for what we wanted to see but our observations as we went to. twenty three for example which which is a weekly gathering of puerto rican is and there are lots of new residents you know anybody who is american and moves there becomes puerto rican essentially because it's just like we live in north carolina we're tarheels we were born and raised here but we're tarheels now because we live in north carolina residents so if brock

pierce moves to puerto rico he's a puerto rican he lives there he's puerto rican it's a part of the united states we saw loads of born and raised border weekends at this weekly gathering there were thousands of people there are so many people at this event and they apparently it's a well attended impact it was a little incline of these events and it you know these are the young people of puerto rico this generation that's embracing new technology venture capital startup script a currency which is the way to take the solar energy projects she talks about and to network them into capitalism and to proliferate them and to create something that would be krypto solar generated power distribution where was she at any of these events i mean she likes to lecture folks and say look i'm a lefty i have moral superiority but i don't want to have any skin in the game i don't take any chances i'll go on the democracy now and amy goodman and the pontiff akkad for thirty minutes but god forbid that i actually do something except you know just wave my hand and give him like a benediction over something that i say should be but never is and i want to

quickly wrap up with this we pointed out what crypto is about and that is a response to the bailouts of the banks using our tax money and and basically laundering fraud on behalf of those banks hers and secondly part of the issue that she addresses which is the disaster zone that is the electric grid there is partly because they don't have sovereignty they have a very bizarre situation in puerto rico we covered it they have the jones act they have to import all this oil from america cost twice as much as anywhere else and what cryptocurrency involves and what we've shown and demonstrated we talked about is it has. individual sovereignty so while they themselves have a domestic issue of should they be stay should they not be a state regardless they are a colony they are a weird sort of they're not fully a state that are not full rights of a sovereign nation they don't have full rights of a state within the united states so at least with cryptocurrency they can establish individual sovereignty absolutely and it's a fantastic city

a fantastic place all san juan is like a european city that's why we're probably going to end up living there oh east where this right well you know we got to go take a break this ran fantastic and for the record that's probably why we're going to live there would that be fantastic well we got to take a little break but don't go away when we come back we'll actually be doing stuff again from puerto rico don't go away. when you don't. get it quickly did. not. know. that. if you speak french.

feel to be assured the greatest job in the world this is close to being a king is that there is good business model helps to run a prison now we do or don't like there's nobody over the place and i don't know what goes into more we don't have to. serves them anymore is cost effective that's what they want to do that loan they don't give a damn if you did so as a man they're vastly paying us to put it back into the louisiana incarceration rate is twice as high as the us sandbridge what secret is behind such success.

welcome back to the kaiser report on my skies or you know to wrap up our puerto rico series we have one last interview and it's with adele a to long for a stir it was a lawyer out of washington d.c. specializing in crypto currency shell saw hells from the nearby caribbean nation of dominica i started by asking her about the confusing regulatory regime around a crypto currency at the moment the f.c.c. says i see as our securities this is to see the says kryptos are commodities the i.r.s. says it's property and fins and says it's money i asked her for her thoughts on this issue what they're trying to do is. to apply. or put a call out i should say to people who are missing you know the registration or the

reporting so they're just putting on white a wide net if you me so every every single regulatory agency seems to want to have you know some kind of involvement so that they're not missing those who are not doing well talking to people in the space they see like surprised by all of this and i have worked on wall street for many years and i say in fact the least surprising thing you can imagine i'm really not surprised to be quite honest i mean regulators gone regulate right still it's just it's not surprising let's talk about the f.c.c. for a cycle they have subpoena dozens of studios at this or point off price of this fight this others a lot of ice you know is being pitched right to the ice you know pitches are continuing are they playing with fire at this point well i don't know if i would go ahead and you know paint such a wide brush and see that they're playing with fire but i'm i'm i certainly think that the f.c.c. has put out a warning call if you may to just kind of let people. you know that look there are

rules that are in place here that you probably need to follow you might want to look into them so it always recommend talking to a lawyer. but somebody who does specialize in crypto and security so walk me through what it's like so i'm borrowing out of my studio and i get a knock on the door it's the f.c.c. of a given me a subpoena what does it mean and what do i do next walk me through what happens right so i just have to make it super clear that i am not a securities lawyer at all this is not my little bucket but what i what i do see is what i have seen and at our firm we deal with jason seibert who is the world's premier scary crypto spirits' lawyer and what i have seen is that the very first thing we do is to reach out and have him start having a friendly conversation and try to take it from there conciliatory site things is the feeling at this point with all these regulators going to bore do they work together or to the are they distinct well one would say that maybe they do it i

mean there was that the letter from finn said to to widen recently right and what he did state was that look in san might have regulatory purview over tokens issued by you know these administrators what it does say to me is that there's a little bit of confusion about turf right. so i don't know exactly what it means i'm just kind of like watching it play out but what i can say what i do know is that they are sort of. say model the depending on the way that a token works it might be acting as a currency and therefore like. the pins and purview right so you know if you go for a second it didn't get as much attention maybe is the other regulatory rulings and it seems to be code like the most dangerous because we're talking about the financial crimes of course the network of jail time for this type of thing.

so. what does it mean legally. you know to be is it fair to say that it is a cut above in terms of their seriousness to lack of a better phrase well it's it's really serious actually because you're dealing with a bunch of things here if you are an m.s.p. a money services business in the space it means that you're subject to record keeping and reporting that means above a certain threshold you're actually collecting data from every single one of your customers and above a further threshold your reporting defense and then reports the i.r.s. so yes there are fines you know there are other more serious consequences like jail time so yeah it's a more it's a way more serious thing i do think it's setting a sort of dangerous precedent that letter that i earlier reference because what you are let's say there one hundred i.c.a.o.

instead to play this year ok that's one hundred more chances for people who just blindly going out and registering as am i speeds their financial institutions that confers the ability or the responsibility on their part to take and collect data personal information on the people that the conducts business with can you imagine what a disaster that would be so one hundred more opportunities to collect data that is being stored how where can you just imagine that that that the hackers saying no privacy usually it's widely becoming a morning service provider of m s p p p yeah. if without maybe thinking about what this means in terms of collecting all that data right because that has to be ironclad without any. you know room for error in a lot of ways that right you've opened yourself up to a whole list lawyers come in with green shows of eyeglasses over there this will.

maybe all the low exactly and there's nothing in the bank secrecy act that speaks about the protection of customer data but we certainly know in a real world application look at these recent hacks that it is extremely possible for these things to happen what about these actors are they taking your information and selling them to somebody else i mean i think you know i can definitely see from the regulator from their regulators point of view something i never thought i would see but i think from the consumer point of view it is it is certainly concerning and it might be a dangerous precedent talk about this you have to see chairman carlo right so he seems to be jovial he went before congress he says so by sting's about the crips our community and now that the growth of tomorrow and what if some of the catchphrases and people like city were in good with the regular at the following advice. don't like good cop bad cop you know this guy you know he's he's a regulator even though you use not your friend necessarily there they have

a very specific job to do. the super who goes to see or to see. in relation to the susi or friends sense of how those. in the. category of seriousness i guess. well i would i would worry about the f.c.c. a little bit more no offense t c i would worry about things but as to what you said about his job nature and the regulators that are at least you know. trying to show that they're you know they have an open mind to this because as you know there's a lot of talent that is moving out there's a great exodus from the united states to warmer climes you know favorable jurisdictions. just in terms of seriousness i would i would kind of worry about all of them but look look there's nothing against cooperation without putting your clients information or their livelihood or their freedom at risk. prisoner's

dilemma it costs nothing to be nice and to have a conversation because there's certainly like really intelligent ways of going about how it's. the end and even sometimes through just education up what the client is actually doing so the real versus the perceived risks addressing that directly what how much of a chill has all this had on the industry how much what a chill chilling effect if any i mean how martha if any has this affected the industry though right well so real real world application what he sees a lot of clients coming in the very scared they don't know what to do what their limitations are you know a lot of the black letter law most of black letter law does not speak directly to crypto companies and businesses so you know there is there's a bit of fair in the community but you know we try to assuage people scares and let them know hey this is how the black letter can apply to what you're doing so we do as you can imagine we do a lot of ideation tried to sort it out all laurie buttes you know i'm here is how

you could possibly do this versus you know just going blindly you know game theory book or a thought about an individual states wyoming. new pro ice you know what's left of basically contradicts everything has been some absurd. now we're going on here and this is going to be a states versus the poets matter. possibly i mean i. really thank you wyoming for being seen about some things and really addressing. a lot of the fears in the community right. maybe if all the states acted like that we wouldn't see such a mass at the exodus of talent and maybe we won't have a brain drain in the next slide that all senator it's a pot industry the marijuana industry and i in america once they pass laws that made it permissible for but this little marijuana other states followed suit people are thinking well wyoming they're going to get

a big if if they get it. expensive but they get a tech benefit the dream game other states will want a piece of that action is what people are hoping for. then first of all do you think the wyoming is not going to be robust what they're doing is that for real that's only left to be seen parents i hope i certainly hope so because there is so much there's so many jobs that there's so many ways to capitalize on favorable legislation right now i mean see companies like academy popping up just doing block watch an education i just set my my son to a big point quoting course there are so many jobs available in this industry so why states would kind of ignore those reality. i don't i don't really know or i probably you're from the caribbean what do you think the corporate community moving through this area you know where rico is becoming crypto rico also the new eastern caribbean central bank announcement that they will pilot the bird watching technology your thoughts it's awesome i think you hear heard me talk about the

caribbean and how i would love to see it be the most friendly critter jurisdiction in the world and i'd be i mean the states and the u.s. so functionally that works for me and so while some would not like to see a brain drain in the country in the united states it is nice to see that the states will sort of the caribbean nations could possibly capitalize on such a cool industry frankly that would be awesome freddo caribbean yet what you see better what could be better all right well bill thanks for being on the horizon for thanks for having me again all right that's going to do it for this edition of the kaiser report with max kaiser if they see ever one of thinker goes. to whole forest her lawyer but a lot of the encrypted currency if you want to pass this on twitter it's prize reported flextime.

time about email but of the entire you might even want to get it. but then again. and again and i mean by my mom come on here i know god. will walk through me to the . middle of the move to india again in the mail so you just have images to see so if you want. to get a little bit of a natural again that the way i've seen you getting i'd say to the thirty. pages it is full of them feeling hopeful and confident capable you don't change the rules

allow for. the most expensive fish in the will each one selling for tens of thousands of euros it continues to grow its entire life if it was thirty years old you might have a two ton fish out there and yet they don't get that big today because we're way too good at catching them. it's only remnants of a much larger mission was once there 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.

seventeen people killed and over a thousand does israeli soldiers fired bullets to use drones and to gas appeasing palestinian demonstrators of inciting violence at the gaza border. also to american diplomatic staff are leaving the u.s. consulate and some pay to the head of its official closure on sunday the move comes amid an escalating standoff over the poisoning of a former double agent in the u.k. and. i. police fire water cannon and tear gas against protesters letting off flares during a demonstration over the expulsion of environmental squatters in the french city of not.