part of 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 when 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 has kicked off a hash tag console and this is you know the 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 a 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 fit into 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 a 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 advantage. is thanks to a clause in the federal tax code u.s.

citizens who moved 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 include paying zero capital gains tax and zero tax on interest and dividends source to puerto rico and 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 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 klein 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. not seem to would 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 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 d. ten and queen agenda this is the one that was in the middle it did happen in our building we didn't attend that peers had given the keynote address. governor 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 terminal rather than words i was not aware that she was at the conference yes i was there i did and i only clearly 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 there's a barnacle she's a ms nobody and that was clear and her comments are equally bereft of anything substantial as relates to economics the economy and crypto currency is 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 isis was brought pierce is a very complicated story he's very controversial character story and the actual economics of the graham story but let's go into the economic story let's go into the tax story real us through this 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 from our 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 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. 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 full 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 ok to have 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 the so 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 and 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 made as 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 low tape. 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 it's brought 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 well attended impact it was a little incline of these events like this 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 a man 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 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 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. should they be station they not be a state regardless they are a colony they are a weird sort of they're not fully a state that a house full rights of a sovereign nation they don't have full rights of a state within the united states so at least with crypto currency 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 in puerto rico 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. one of the greatest good people. but there was one last question by the way is going to be our coach. guys i know you are nervous he's a huge star and the huge amount of pressure you have to the center of the football

we do. great the great you are the rock at the back nobody gets past you we need to get the ball going let's go. alone. and i'm really happy to join. the special one. meets the review team's latest edition to make up a bigger. look. yes scotland yard did not look for the perpetrators they were covering up their tracks. here the year they were free didn't russia will find out who did it and. it was ukraine who did that. ukrainian once russia to clash with the rest of

the world. and there are some for us so much all of them. i don't want. to do a little tricky try i'm not critical of a lot of the chilcote you know. the sort of. thing is going to let us. know yes the chess but. everyone that is. of the.

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 forrester it was a lawyer out of washington d.c. specializing in crypto currency shell so health 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.c.a.o. is 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 it's trying 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 working 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 it seems like 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. first like a big subpoena dozens of c.e.o.'s of this are going up price of spite 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. 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 cripple 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 good are they distinct well one would say that maybe they do it i mean so there was that the letter from finn said to to widen recently right and what he did state was that look inside and 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 so you know you go been so for

a second it didn't get as much attention maybe is the other regulatory rulings and it seems to be kind of like the most dangerous because we're talking about the by natural occurrence of course but that work and with jail time for the supper 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 news 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 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 referenced because what you are let's say there are one hundred i.c.a.o. said 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 hatter saying no privacy there's a liability becoming a money service provider of m s p s m s b b yeah. if without maybe thinking about what this means been 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 right you've opened yourself up to a whole list lawyers come in with green shows of eyeglasses over there this will. do all their 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 dean carlo right so he seems to be jovial he went before congress he said the vice things about the crip their community and now that the growth of tomorrow any sort of some

of the catchphrases and people like city were in very good with the regular authority by a so. it's kind of like good cop bad cop you know this guy you know he's he's a regular email you see not your friend necessarily go there they have a very specific job to do. with those the c o two you see. in relation to b.s. you see your friends sense out of those. in that sense in the category of seriousness i guess. well i would i would worry about the f.c.c. a little bit more no offense to see i would worry about things but as to what you said about his jovial 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 client's information or their livelihood or their freedom matter. prisoners dilemma it costs nothing to be nice and to have a conversation because they're certainly like really intelligent ways of pulling up ballots. be ended 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 much if any has this affected the industry though right so real real world application what we see is a lot of planes 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 views you know i'm here is how you could possibly do this versus you know just going blindly you know game theory we will. talk about individual states wyoming. new pro ice you know what's left of basically contradicts everything else you see in print some of sort of. know where you think is going on here and this is going to be a states versus the pets 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 massive exodus of talent and maybe we won't have a brain injury in the next slide to build 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 fun with it they get. so i expect that 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 merits i hope i certainly will so because it's so much there's so many jobs that there's so many ways to capitalize on favorable legislation right now i mean you see companies like academy popping up just doing block watch in education i just set my my son to a big point putting 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 are from the caribbean what do you think the corporate community

moving through this area you know where it was becoming crypto rico also the new eastern caribbean so it's a bag of nails but that they will pile up a bit 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 do and between the states and the less 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 fratto caribbean yet what you see better what could be better all right well bill thanks for being on the kaiser report thanks for having me again all right now that's going to do it for this edition of the kaiser report with max kaiser if they see ever one of bigger goes. to whole forest her lawyer but

a lot of their trip occurs if you want to pass this on twitter it's kaiser reported flextime. time about email bed of the entire day maybe even my dad. but again. and again that i mean by my mom come to me and i know god knows you well think of that. in such a big deal exactly in those things just like the images you see so if you want. a little bit of a natural get at the high spots and get a life city because the. patient is. not seeing it and think. 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 a good business model helps to run a prison now we do is do or don't like is there no video visitation i don't know what comes anymore we don't have to serve them anymore is cost effective that's what they want to do that long they don't give a damn if you do the chores or not they're actually paying to put it back in the good the louisiana incarceration rate is twice as high as the usa in breach what secret is behind such success.

that arthur was someone said all of them mama. i don't mama said. you know we do a little for you. i'm not critical of what. you know. sort of. what i mean yanukovych with that he's going to get stuff for us to do that the question is yes but all. the best here for everyone that is. but.

seventeen people killed more than a thousand injured israeli soldiers bullets sinews drums and tear gas accusing comes to you demonstrators of inciting violence at the gaza border. american diplomatic stuff for leaving the u.s. consulate in st petersburg ahead of its official closure on sunday and move comes amid an escalating standoff over the poisoning of a form a double agent in the u.k. . police follow water cannon into gas against protesters letting off flares this is during a demonstration over the expulsion of environmental squatters in the french city of not.