a development from the hague on the alleged chemical attack in the syrian town of duma with russia are inviting local witnesses to testify the incident was staged. in another level or in the basement and then heard someone outside scream go to hospital we were scared they started to pour water on me i don't know why they did this live on the phone with them as professionals we saw that there were no symptoms suggesting chemical weapons had been used. pressure mounts on cattle from its regional rivals amid claims that dubai based company commissioned a film linking the gulf state to terrorism to justify sanctions. not even a dollar facebook's technology chief tells british and these that moscow spending

on during the breaks in total just ninety seven cents. more in most stores goes to r t don't call my colleague satiate takes over next hour when we'll bring you a full news bulletin but for now get ready for some on the also financial common trait on the kaiser report. i am sure this is the kaiser report i meant to rob it's the winter time slow spring that can all stanley cup action baby that's why i'm here. plus some other stuff. so i see facts are in toronto for the block chain economic event is being put on by sonny ray we've interviewed him for he's the c.e.o. of unicorn dot com this is actually back to the sort of style break when conferences we have some amazing people at the servant people like adam back people

like chris earnest people like who is going to be on the keiser report while we're here but you know what while we've been here as well and opening her mouth and adopting our way christine let's add to this i.m.f. boss christine lagarde praises cryptocurrency and suggests it could transform the way people see and invest i would posit that it has already see you know transform the way people save and invest it's already done that she's saying it could do that the coin is a black hole and it is sucking in folks from all walks of life and money from all points on the globe and as it expands it just the wharfs the size of anything else trying to compete with it that includes various money regimes it also includes various high level bankers and economists so christine legarde is just the latest to get in to the bitcoin black hole and she'll be utterly transformed she'll be

talking about the white paper soon everything she thought she knew about economics is over rule everything she thought she knew about the way the world works is now no longer viable she is now an apostle of satoshi welcome christine legarde bugan do. buga new. photos do you new so. low i also want to point out somebody else we've mocked many times over the years who also has come around because we didn't give him a lot of attention when he had the large short position in silver in the world we did give him a lot of attention when he basically received a backdoor bailout through the financial crisis we didn't give him a lot of attention when he called bitcoin a fraud but i do want to remind people from january ninth two thousand and eighteen just a few weeks after jamie dimon had called big point of pride here's a headline that it we didn't cover because we were covering the genesis block

during that week and that is jamie dimon says he regrets calling big careen a fraud and believes in the technology behind it in september diamond called bitcoin a fraud i regret making that comment he said to say on fox business the block chain is real he added in the interview you can have crypto dollars in yam and stuff like that i see oh yes you've got to look at everyone individually the big question was always to me what the governments are going to feel about bitcoin when it gets really big and i just have a different opinion than other people surrender he is a guy who's a statist where he has to be right because you can't be a free market guy and be the head of the largest bank in the world and the largest derivatives book importantly in the world because if that derivatives book blows up as it threatened to do back in two thousand and eight you need big daddy government big mama janet yellen big mama christine lagarde you need these people to bail you out next year jamie diamond will be burning man you'll see a stark naked with honey slab all over his body rolling around on

a mound of fire ants with fierce rock i'll be there taping it for the show he'll be our reporter on the ground he'll be on the plane make it jamie diamond talking about the toshiba aka moto at burning man in twenty eighteen and that's to come. of effect good coin has on the mind is the jamie diamond is not as dumb man is not a stupid then he doesn't have a functioning brain cells what happens is the block chain starts to reorient those brain cells like gravity effect on a star or a planet or this table or this earth it just changes the way the architect of your mind works especially if you're in the financial industry to begin to understand that you now are apostle of social not comodo so i want to talk about like he had mentioned. that governments would respond if the individuals had too much sovereignty that they're going to smash you they're going to throw you into

a gulag they are going to destroy you they will not let you become more powerful than my bank you collectively more powerful than my bank so there is another story related to that that shows that well in fact. bitcoin is censorship resistant you can try all you want to restrict us to put it down but the whole community is global it's decentralized it's peer to peer and it's the smartest people in the world now china of course everybody knows is a giant behemoth states they have a lot of control over their citizenry they have a lot of capital controls they have a lot of the great firewall of china and we know that they've cracked down on big point chinese entrepreneurs have some creative responses to the government's crackdown on crypto crypto is far from dead in china is starting to eke back into existence they did

a lot of exchanges did leave the country but in its place are erupting in china unique to china decentralized exchanges we have them here emerging in the united states and canada as well as regulators crackdown in exchanges china september crackdown also included a ban on i c e o o's the crowdfunding schemes based on crypto tokens in china as elsewhere these had acquired a shady reputation companies looking to raise funds quickly were selling digital tokens or coins that were supposed to buy access to some product or service in the future but they often had no way to fulfill these promises a chinese term emerged or air tokens but we predicted that twenty year that the nation state is challenged by it and that's exactly what's happening in china it is such a ship resistant it is resilient people want to trade people will find a way out of the vietnamese beat america in that war because they were resilient you could bomb them all day long but they found a way they found

a way to keep going and they eventually beat an empire out of the us beat the british empire we found a way in the end to be helped in a cause that we asked a french. law and we beat the empire now we've got a new empire. they're called the nation state and the central banking system that runs on fear money nonsense and big coin will defeat them and the important thing about the eruption of initial quaint offerings that happened last year and this kind of petered out now that there are crackdowns on it and apparently innovators and entrepreneurs are finding ways around the regulations but it did show that the likes of jamie dimon had failed there was a demand for the likes of jamie dimon what he considers you know the good guys of the regulators and government that they had cracked down too much there was demand by people to invest in things they wanted her to participate in the financial environment the small young guys with an idea wanted to raise capital and there was it was hard for them to access a capital as they point out here the i.c.a.o.

ban suppressed this digital crowdfunding of i.c.a.o. but it didn't address the root of the problem illegal fundraising of all kinds has thrived in china because the formal banking sector still favors large corporations and state owned enterprises smaller firms and entrepreneurs rely on a shadow banking sector to meet their needs for financing it's very similar in the u.s. obviously it's a more advanced financial system than in china in terms of the state owned banks but not too dissimilar i mean the small and medium sized enterprises don't have access to capital like the ones like amazon they could borrow money and do borrow money to share but buybacks and things like write well there is a political edge to it because in china as entrepreneurs find ways to do enron around the regulatory system and to swap an exchange and do all kinds of crypto related businesses the message will not go unnoticed by anyone looking to pursue free speech in china so no matter how they try to clamp down on free speech there

will they'll find a way to get the free speech out there just like they're finding a way right now to get crypto out there so crypto is leading the way both and finance and in political activism gearing up to an. environment where no state can control speech it's censorship resistant in many many ways including that it's being used the power of block change technology and bitcoin that birth that is that even states are able to see that you know when one state like the us controls the global financial system and you cannot access the rails of that financial system without jamie diamond or u.s. regulators saying you can access these rails then you're cut off from the grid and you know your nation can starve but if there is a decentralized peer to peer anonymous network that is neutral and it

functions simply as the rails of a free market system betters treats all participants in the market is equal then. you know it's it's not you can't censor it there's no way to stop transactions from people to get it coming together agreeing to a price for a product and exchanging ideas or products right so look at the forces that created the birth of the universe the black hole the forces that create the birth of life itself the day to procreate the forces that guide us as living beings on the multiverse i'm not going to be stopped by any state. releases power that is beyond even atomic power this is cosmic power it can't be stopped atomic swaps are coming atomic swaps are coming you know you can't you can't stop this with any force. all nation states got together and

tried to stop because they would fail and that's very liberating i pointed out that decentralized exchanges are emerging all over the world there are opting from you know the plasm of this new ecosystem and environment and there's evolution of ideas and the more people governments or regulators try to stop it the more fragile it becomes the more robust every time it keeps on coming back stronger and stronger but the article actually suggests that china the chinese government doesn't actually so much mind all this stuff happening they were worried about the destabilization in the financial system which they control because so many chinese investors were pouring into ice ceo's and there were a lot of scams around so the article points out that these activities of allowing air drops and decentralized exchanges may appear to go directly against the chinese government's orders but in a sense they may be what chinese officials wanted to see in their september edict

the authorities talked about avoiding market chaos strengthening the education of investors and collectively safeguarding the normal financial order by china doesn't have. a fundamental aversion to digital currencies in fact the central bank is developing its own currency additional currency will bring about a new financial ecosystem said shanklin ben dean of the academy of internet finance as university the purpose of the crackdown he said was to curb excessive speculation and give the authorities time to upgrade their regulatory capabilities they were digging a hole and they decided to stop thinking and declare victory ok it was on their decision that decision was not the pole appear of trying to figure out they're just reacting to this big cooling black hole is sucking up the entire nation of china and then when the rules china is being sucked into the big black hole if you want to be sucked up in this because like all states for the second half and you too will be sucked up into the clock all right after these words.

before w. on the idea that dropping bombs brings me to the chickenhawk forcing you to fight the battles. that you saw to try to tell you that it will be gossip and probably. off of advertising telling you are not pulling out and let you buy their product. of a hall that we all already know one. foreign policy could be described as doublespeak the president doesn't have a defined policy approach goals are difficult to discern is this what the art of the deal is trumps foreign policy making america great again the world safer.

or welcome back to the kaiser part i'm asked keyser time now to turn to a very special guest i'll preface this by saying cometh the hour cometh the man and i'll explain live in more what i mean by that tell inveighs welcome to the kaiser report thanks max it's great to be on finally are over watching the show throughout two thousand and thirteen and fourteen even before that actually got me into because that's awesome. days you know i mentioned at the top that cometh the hour come with them and you know i think that going back to twenty seventeen bit going to actually face a bit of an existential crisis with this segue it story and you guys over there the world cup the network out and give them a big shout out you really nurse to the community through a difficult period with actually media and great communication and just so little to folks about this is pretty complicated story but if you can kind of encapsulate

that what happened it was really a rough time now we look back at it it wasn't a spur of the moment how everything was happening you never really had a chance to step back and think it was all about whether we can or can't have big blocks and while there was a moment where i thought yeah maybe we could go to a bigger block and increase the big size of the or the throughput of the month of transactions it was realized fairly quickly that no one has the power to force everybody in the community to upgrade their big coin nodes to have double the size of the blocks to go to two megabytes or beyond and the only solution was to find the way to scale without doing that so you did witness was a great coding upgrade that didn't force everyone to update it stayed within the consensus rules and it was the only way to go the user activate itself fork was a little bit reckless a little bit dangerous i'm glad i got. the bandwagon around june july and by

august it was clear that it was going to win and i believe that we did ok there was a bit of an element there town that you know talking about the the elements that were involved in that that it seemed as though we had big blocks or smaller blocks it seemed like there was a corporate agenda almost that there were some old g.'s in the space of corporations and fund managers that were really leaning on the whole big block story to satisfy a commercial and and the protocol did them almost as bad actors in the space i agree with though i wouldn't go as far as it was some kind of an agenda a lot of the businesses have structured their businesses based on certain conditions but bitcoin isn't the company bit coin didn't promise anything to anyone and just because some businesses were really dependent on micro transactions before the

system was able to feasibly do them for you cheaply those businesses were going to be in a little bit of trouble and the had to do more development than they wanted to adjust the segway and i think they wanted to take the lazy way out and force every user to upgrade and the user said no the companies need to upgrade with bitcoin this is what they chose and eventually all of those companies had to upgrade their systems to account for it and now we have a lot of transactions processing very very quickly and very cheaply and i think the system is so much better and so much more secure no those are just sort of themselves this is the miners they did and which is a good thing because when soto she initially launched it she did say one c.p.u. one vote but that was under the assumption that everyone is pretty much a miner everyone that wants a node can also mine with a six and the advancements in mining that was no longer feasible so how does a regular corner have a voice in the system and they do that by right. and there will no doubt and by

validating their own transactions and the miners urges they are to make money by creating new coins by processing our transactions and not dictate the future of development some say that the way to be a typical honor is to run your own do great i agree i run my own noda i have been running a single minor running a minor is actually very difficult trying to operate my miner now and running into difficulties but look i have a lot of respect for those that are able to run mining operations i do but again if this is going to be a decentralized peer to peer value transfer system which person has to have a say in it somehow and right now they have a say by processing their own transactions with their own note i say your claim to fame so to speak you teach people how to look at technical analysis in a big way that's something that you're big in the community for and let me just

give us some background here you like myself kind of have a background on wall street and you've done a lot of options trading and so you have a fan of base experience in the securities industry which is different than many people that come into crypto because they kind of come into it really without any experience in securities or wall street whatsoever but so when you talk to people about technical analysis what are you trying to teach them what what what what's your goal they're just trying to teach people trading is difficult and it's a skill set and you don't just come in and do it what i've noticed when i came into the space in two thousand and thirteen and twenty fourteen is that so many people were now becoming traders because there was such a little barrier to entry and being a traitor because of crypto there's no age restriction no jew graphical restriction no financial restrictions you can share with one hundred two hundred dollars a lot of gamblers came within a space of schrader's because a lot of gambling sites and poker sites were paying out in crypto in bits. point

mostly and these guys hey i want to do something else i don't have to play poker all the time i'm going to start trading and what i've noticed is that we're wasn't many professional traders and competent traders in the space so i started writing articles about technical analysis and the grew into a you tube channel about technical analysis and trying to predict the price of big i've had lots of really good calls i've had a few bad calls too i mean just the life of being a trader and now i've just been traveling the country doing little workshops of ten to twenty people that want to spend a whole day learning the basics of technical analysis for trading i can only help any trader well the great value in this is twofold one is traders obviously looking for gains but probably more important with technical analysis it's address is risk management risk management is the key to trading success it's something that technical analysis helps because it gives you

the ability to pick price points where you might want to put on some a strategy to get you out of a market that's not going in your favor this type of thing would you agree with that absolutely i think the odds a trader should trade as least a spa simple if you want to pick the perfect points where the statistics and probabilities are in your favor and the best advantage the technical analysis it can tell you where you are wrong based on technical analysis and you're entering a trade for a position you should already have a metric saying ok if it goes against me this amount i need to get out of this trade and wait for another opportunity sell saying technical analysis if you have a certain threshold that you are designating as your risk tolerance that applies to any security any i'll call any coin across any market regardless of what the company or the coin is about you have a certain bias toward risk this helps you manage that risk talk about wall street for a second you know futures. tracks are introduced in late two thousand and seventeen

december twenty seventh seen hasn't had any impact of anything i don't think it had any actual impact other than the foam o. speculation that took place leading into those contracts i felt last year seventy five hundred should have been the top four because when i underestimated the kind of full blown exuberance people will have by the fact out of wall street discovering in the price went all the way to twenty thousand i mean i was trying to predict that each step of the way and the data futures launched people realize that hey it's not that big a deal the volume on the futures while increasing every week is still pretty small they're also cash saddled and because they're cash saddled they shouldn't have much of a fast on the underlying price of bitcoin it's not like the gold futures where the futures themselves are price discovery for gold futures on big coin are more like the s. and p. five hundred futures they don't really have an effect on the underlying stocks of

the s. and p. five hundred so i see it as the same way and it wasn't dot big of a deal after they launched and it's great because now the big question is definitely more legit to all of the average person that is thinking should i get in should i not get in while clearly the c.m.e. in the financial world considers it legit because of the futures so i think it has a long it's a great go and forward but as far as immediate effect on the price of a koan i don't think it has hold out much talk about wall street again a futures contract does give an institutional player ability to manage risk because they can heads a position which means they can say bigger positions and this is unique now to big point because there are no futures contracts on any other all going at the moment so my question is about all the clients i think some people view you as being a big big point maximalist. tend to shun the old coin market in sydney talk a little bit about. that that that that that idea i am a bit of a big call and maximalist but that's not because. i hate all of the old coins and i

think that coin is going to be king because i have money in decline i only thing that because it is going to be the winner that's where the money isn't quite as far as the old coins go there was a round of old coins that came in in the early days of twenty fourteen coins like light coins coins like one hour like your own coin max coin these like. banks going when these old coins showed up i didn't have a problem with these coins because they wore honestly created with the genesis block and like everybody knew about it they were launched well it's case of light coin it was all fair game for anyone to get and then the next round of old coins came in as a sole source for the files or to get rich and i immediately classify all of those coins as outright scams because if the father has an advantage or if you mind the coin for a month and then it goes through five steak and then the next round of koans which

is what a theory of kicked off was where you actually created from the beginning and pre-sell it to a bunch of people which i thought was an outright security like in the case of a theory and every i.c. over the followed so to me they got three ms and i see you know it isn't i see ok misery for the people started calling it. correct it is a nice yeah right and it is a security hole to me it is wall street that are the last of the better it looks like a duck it smells like a duck and quacks like a dud it's a flick and security so so to me everything just got progressively worse now i will say that even though i don't consider coins like my school in like like one like my narrow scams like i do on the rast i still feel that there is only room for one block chain the way we only have room for one internet so i do think that bitcoin will continue to separate from all of these other old coins even the honesty created ones over time the way like amazon continues to separate from any other online retailer right so i would put i.c.l. is into that category of securities offerings i saying. we would agree on that and

then it's going to move on in my last question which is that the twenty eighteen twenty nineteen time horizon what about the emerging second layer of it quite like lightning network so your thoughts i think that the lightning network and all the progress that's happening there is moving in faster than i expected i think they are going to focus on making it very user friendly to the point where it's still complicated to set up your own because a node but it should be as easy as da loading an up to house your own lightning no and using these lightning channels they should bring micro transactions the thing that people were expecting on the protocol itself but a lot of smart engineers basically looked at inside that's not really feasible dust on how system scale so i really am looking forward to all those lightning channels give us micro transactions and this should give you another layer of privacy i think there could be. a lots of good things that could be done as a second layer of fair coin to obscure those transactions to finally may pick one

fungible and actually anonymous all right tom thanks so much for being on the kaiser report thank you already well that's going to do it for this edition of the kaiser report was made by skies or states or want to thank tone. legend if you want to catch us on twitter it's kaiser report so next time i'll. find is getting it international recognition with the help of israel at least in the world of zoos. dismiss it like. this is complicity is good on the sun you know maybe. the only palestinians who gets the most hopeful is to slim count of those things is of those who in the vision to believe that it is. and then let's

design lafayette that is dr this lady in the muscle that you had i don't know if you competed in the dozen she lived among them it was also some piss off. you never know what's around the corner i never knew i was in the pub even will contain excitement is that knowing that's where the adrenaline in much comes from. and you can easily move on to the machine and the extremes will produce. the violence he's a pub and it's almost a schizophrenia. where you can do all these things and behave badly. important people the hospital that all. goes well social skills are going to last.

and this man infirmed. role will get done far less than he thought. i would roll the way and if i figure out i really did a poll down down went up a little bit. meaning in these in these that beast if you thought that the evolves it's constantly evolving and. we are on the world famous copacabana beach in rio de janeiro home of the five songs while champions brazil an episode you will not want to miss in the coming weeks this week not with concentrating on iberia sprain my play against portugal in that opening well kept going and when you invite city legends that represents you both nights and you know go make life event think i'm forty.