of the rise and private sector debt in the past decade think of those numbers and remember that we're just talking about the housing bubble in toronto vancouver los angeles new york a lot of it was driven by chinese money but you're going into this against some mad debt accumulators one point seven trillion in two thousand and one to fifteen years later twenty five point five trillion so you're competing against that debt pile and this is what's causing all these housing bubbles as well so the way that these countries are fighting global inequality is to give themselves financial bola and allowing debt to consume them. their bodies are eaten away by the disease that is over indebtedness and then when they're completely gone and they're dead themselves out of existence the remaining countries will be like gold china and russia are buying gold as i find gold all this like a three little piggies to tell you number one lives in

a few currency elster houses blown away by the huffing and puffing of the big bad wolf and then picking a number to go to countries like india that are like wants to have been almost a sector household sector has all the gold there the government doesn't exactly and then the big fear will have to post in the people the private sector survive but the government was blown away then you've got the countries like china and russia that have said were houses twenty four karat gold. and the big bad wolf often puffed and it didn't blow their else away they also include a chart in the zero hedge coverage of the i.m.f. story of the world economic outlook of the united states stands out you can't really read this chart too well but you can see that the stand out there that's the united states there were only one amongst advanced economies only united states expects an increase in the debt to g.d.p. ratio over the next five years so these are all of the european countries you know they love us there and they've been imposing austerity upon themselves and welcoming it more and and more. those sort of end times of the hair shirt. spanking

. on the back. fluctuation. spanking yourself i think referring to the leader hos wearing german to grab each other in auto spanking wheels of spanking going down the promenade thanking each other on the bottom. german drinking song leader hose and let's move on to the next one because i talked about at the top we said that tongue tower is no longer here and what is this trunk . trunk premium that's why his name was on hotels across the world he at least is the apparently that was the sign of some used to be a sign of some sort of luxury change of name from a trip to the harvey weinstein in right next to the kevin spacey restaurant for some reason business is just not picking up well trump's name is also in new york city manhattan went eighty six point six percent for hillary clinton so just over

ten percent of the manhattan population even voted for trump and there is some proof lately that even renting in anything named trump is the rent prices are declining but now there is. basically trump tower prices are also collapsing we have this headline a new report claims donald trump's new york city properties have lost their luxury status the trump palace at two hundred sixty ninth street fair the worst with the lowest comparable prices when stacked up against the manhattan condo average coming in with eight percent dip over the last decade so these are the prices for the palace two hundred sixty ninth street so the blue line is trump palace compared to other luxury condos so people no longer consider it luxury it's probably. when people realize i guess they didn't know how he spoke i don't know kill two birds with one stone. trump properties as the white house the white house

is a great brand trump is in the white house if you want to stay in the white house like the lincoln bedroom or something like that you can stay at what was formally a throne protel rebranded as the white house they've got the white house logo on the towels they got the white house soap you've got all the on the white house but in various properties around the world and use part of the money to pay down america's debt so you killing two birds with one stone you're rehabilitating the trowbridge and you're paying down america's debt well so basically what you're saying is now the u.s. stands out as debt to g.d.p. ratio increasing you're saying we already have the emergence of a royal sort of family we have the clintons we have the bushes we have these royal sort of families member hillary clinton was the wife of a former president barbara bush just died she was the wife of a president and the mother of a president so we already have these world families and why did the you know whenever you're in london like we were for too many years what they always say is

oh we love our royal family they bring in so much money because the people tourists come to look at them so you're saying like why don't we start to make money off them like all these tacky hotels we could put those thousands and thousands of gifts that the president receives they're not allowed to personally keep it it's a product you know basically the taxpayer owns it but where is it like with. basement somewhere at the white house why do you just put them in all these luxury condo right you. know a little. in the hotels replicas you can buy in the lobby and you know they have a fire recently in trump tower you could recreate the fire in properties all around the world the properties of cold like a re not going to the american revolution so over going to burn down the room parts are going to cause an insurrection let's set it on fire it could all be preprogramed it just be like a disney event disneyland where the fire of burst out on flight of four thirty nine and you because just part of your package of staying out the white house but in order for the america. people to buy into this and they want the debt to be paid

down and their taxes not to rise is you could put it at the over head as you enter each building in the lobby you can have that american debt clock and then he also has a have a donation box like in the churches where i'd like to help fix up this building help pay down our national debt and have all those like junk presents that were given to the president but absolute or when you walk through the portals of the hotel it puts you further into debt anyway we got to take a break right there for those don't go well. you know. you never know what's around the

corner you never know what's in the pub you can walk into and it's that excitement it's that not knowing that's where the adrenalin much comes from. and you can use a means by definition and extreme through all forms of. the violence is a part and it's almost a schizophrenia gang culture where you can do all these things and behave like badly. you're going to be a holocaust part of a lot. of us but more so for the last. time this man infirmed. and didn't follow us from the start. of a broader where no i figure out really did a poll not going to get. that meaning in islam is that at least if you don't only involves it's constantly evolving.

welcome back to the kaiser part imax keyser our time now to speak with sunny. i owe you our cash welcome thank you so much for having us honestly a huge fat zero zero zero s. rat's ass ticking away our seeing is at conferences around the world because you've

got something that is a high demand hoshko dot tell us about it as a whole show itself means security in japanese and we were looking for a short word that nailed exactly what our focus was which is cybersecurity within the block chain space and we felt like we hadn't seen anyone in the industry be laser focused on just block chain security especially one that's not doing their own i.c.a.o. of course people when they are blocked and they are bitcoin one of the first things they hear about is that it's so secure it's also about that i mean what are people missing or what the add to the to the equation so code that's written on a block is referred to as business logic and business logic is very far from being secure and traditionally in the technology era whenever sophisticated code is written you always get a third party to audit it and the exact same methodology is now being implemented in the block chain space that if you're writing code you need to have at least one

professional third party who are technical audit of the code and then make sure that there's no hidden functionalities that you're not clogging up the block chain by potentially using too much gas and that the actual written words of the source of truth are actually married to the business logic is the code doing what the words say they're supposed to do a lot of money has been pouring into crypto and block chain and when this money comes in ideally they do an audit of the technology is there enough technology auditing going on with all this money and my question is is there more money out there now chasing projects than there is. adequate amount of auditing yet there's not enough sophisticated auditing firms out there to handle all of the work in the space and we're seeing the asian crypto markets boil and become extremely exciting and they're seeing millions of dollars fund raised in a much faster speed of time in asia but none of them are valuing security the lowest numbers of security audits being done are by far in asia and for an investor

to cut a check into a project and not make sure that this market contracts been audited at least once and to review the actual audit report i think it's bizarre and there is not enough firms willing to even audit non the theory and based projects so the theory i'm has been the main protocol in which most i.c.'s i've been launched on they're launching what's called an r.c. twenty token on top of the protocol and that's been the majority of i.c.a.o. is to date now we're starting to see people start to develop smart contracts on the newer protocols that are coming we see some interest in stellar neo and soon maybe e.o.'s but the current firms like consensus that have been doing smart contract auditing seem to be much more laser focused on just a theory and you know people when they hear the word auditing they think about auditing firms like price waterhouse cooper and these big auditing firms so is whole show dot i know are you the kind of

a p w c block chain is that a position yourself correct yeah we're looking to evolve and to becoming the do a lawyer or mckinsey or see if you will of this space right and how long is a company been around in a little less than a year ok so this is a start up start first year start up and what's the headcount we're at twenty four full time in las vegas and about eleven contractors we are hiring rapidly about thirty more people on boarding looking open up our first office outside of the u.s. hopefully looking to as you do. global business realize time zones now matter a lot and so when i've been in europe i've been realizing well europe is pretty interesting to do business in both asia and north america and so we're exploring where to go we're growing steadily month over month definitely a start up pace murdering the white combinator time paul graham used to say that during y. combinator a startup grows at average seven percent week over week we've been right around

there actually as a tech start up growing at a rapid pace week over week ever since we started how many startups have you been involved with technically three i founded one before this was a this is called zaldy dot com we did mobile point of sale and integrating to legacy systems and implementing and of c. payments and chip credit card payments and before that we were building a white labeled android app store for pics so let's talk about smart contracts just to connor real back for a second cars people talk about smart contracts you build them on a watch and excited about now is there a way to actually author this mark on track the way we operate a smart contract is you need to engineer who has a unique background the background has to be a security background a q.a. mind full stock engineer that's keeping up with solidity and solidity is a language that a theory and the protocol is built on it's a new language that very few engineers in the world are very well versed in it is updating as a language on a weekly basis and so when we're doing

a smart contract audit you need this engineer with that unique background to marry the code to the words to do a gas analysis to do a static analysis and to do a dynamic analysis such as you know you're talking about more money entering this space than there is operating more money entering this space than there is engineering talent correct at what point does the industry start to level off in terms of the various under long underlying dynamic components if you will start to come into more of a balance if that ever happened i guess as a president it looked. back to the dot com era or some other high growth areas but if that question kind of makes sense doesn't make sense what's your thought on that i think that a lot of dust has to settle in this industry in order for more sophisticated capital to come play active ball in the space and the biggest issue is a lack of security and

a lack of education when it comes to hiring new engineers and what's needed most in this industry isn't it is more academies to train high level engineering talent ourselves at hoshi we're building an in-house academy because the only way we're going to stack up our engineering team is by finding full stack engineers that we can train to become qualified auditors. if you're a qualified engineer today chances are you're building your own solution or you're being paid a ridiculous amount per month to work for some i.c.a.o. . and that's just the reality of it when you're offered eight hundred a theory and for the month of the i.c.a.o. you're going to jump ship from whatever you are and go ongoing joke in the industry as if you're really qualified engineer in this space you may be too rich to get out of bed. yeah exactly i mean that's a real problem there at the top talent in.