they've been fishing bluefin tuna in japan to extinction because they have a lot in the refrigerator so the price is going to go up when they become finally extinct so obviously that's not a healthy use of capitalism specially when you apply that to humans which i suppose will happen certainly rhinos the difference between money and central banks group them and i like this it's a great image you know you champagne pyramid you know the champagne kind of runs out after the first year big because if you live in near the central bank just like if you're a defense contractor and you live near washington you get rich you live you're living upstream if you live downstream you end up in prison or you wind you know your purchasing power going to. so it's just proximity to capitalism of proximity there's no economics behind it there's no school of economics it's all this just. old system that is the caving right now is we have a system whereby if you're next to the new york fed and this was actually shown

through collecting data from yellow taxis in new york city what they found is that there is indeed even though the new york fed is not supposed to talk to the banks about what policy is about to happen and where interest rates are about to be set their way there is evidence that they do go and see each other and meet between midnight and four am down near the new york fed so taxi data reveals the truth don't trust verify that data from there would verify that they are colluding and they're giving inside information they get easy access they get zero percent interest rate money and then they pollute it and give it by the time it gets us twenty five percent interest rate with everybody's basically equal everybody has equal access they're all on a level playing field there's nobody with cream minus nobody with you know an easier access everybody's. equal par this is the pattern of price we've seen we started twenty eleven with bitcoin we've been through at least three or four. major eighty percent corrections and it's usually this is

a pattern i think this will just continue on two hundred thousand and beyond it's to me the valuation question that is less important than the adoption question and the adoption question is driven by failure in the banking system they feel money as i open this talk with the fee on money era is coming to a close the idea of money referencing other c.m. money is now dying the bond markets and huge bubble is going to crash property markets are going to go through a japan style nikkei average style eighty percent crash and one thing left to buy is going to be bitcoin gold and silver coin has a. remarkably attractive attributes beyond gold and silver. b cash is the scientology of crypto. i'm one is free to free to compete but i mean why steal the brand why plagiarize oh i

see studies on the side of give us of a good he's a big b. cash older looking to run right out of the right time. don't go away stay tuned for much more after the break stay there. wrong. just. yet to. find themselves well it's

a part. of the common ground. join me every thursday on the alex salmond show and i'll be speaking to guest on the world of politics sport i'm sure i'll see you then. us.

welcome back to the kaiser report imax keyser got a couple of special guests coming your way in just a second but first let me just say that people ask me all the time we're going this big. what's the future and the future is technology programming and is are new generation of technologists and programmers who are going to carry this thing forward and the answer is a yes let me introduce two young men who i think are going to be part of the future of this space introduce yourself server a my name's nish this and you are i'm some are some are yes ok so we met here at the big conference in in were around and immediately started to tell me about projects and things that you're interested in and i mean really recognize that this is kind of

the future. first of all just talk a little bit about i guess crypto and bitcoin what attracts you to it just in a general sense dish my overall interest was in blocking actually would launch in what attracted me was the idea that we're not being centralized we're not having banks control everything anymore like essentially institutions control everything and maybe with engine nomics especially we can transact this you know we can for genomics yes is the genome yes the study that how old are you and fifteen you're fifteen ok and so are you being taught this in school no we have an outside of school program called the knowledge to society and here we get exposed connection topics like learn skills like networking talking with confidence and all these other real life skills that school doesn't teach you unfortunately ok and your name again i'm sorry some are some are ok so and you guys are buddies i guess in your running in your gang of crypto gang and started here in toronto is your interest

also in genome in genomics not specifically saw. in general it's blocking technology in artificial intelligence so in terms of blocks and technology i try really trying to leverage the sec knowledge and to solve some real world problems so with a partner i actually built a decentralized medical records out location where hospitals can share medical records securely on a private block to another one of these on the application that i've built as i can essentially as e-commerce store where you can bed without a third party decentralized voting essentially supply chain things like that so what would happen. if i did well this is something in the water i mean that there were you know this is coming out of the mouths of teenagers i'm just thinking of my own experience as a teenager and it's remarkably different you know we is a year and they give to the internet you know you've never known a world without the internet you never known

a world without smartphones and now you're you've kind of been grown up now in a world of crypto and block shame what is a is how do you relate to your peers are your peers similarly aged kids are they thinking the same thoughts or are you an anomaly. people of kids in the oceanside a recent play differently than our peers at school and we sort of start to feel as we're talking about this actually and it's sort of just associating yourself with like minded people and people who want to go to the same place you want to go to now i asked you earlier about if you were interested in starting a company you know which implies. making lots of money and things of this nature but the response you gave to me was more nuanced in that you were saying well if that if that direction might not be the best direction so your motivation is it fair to say that you're not at this point you're not part of the lambo crowd that's like we want to get a lambo right away right your motivation seems to be focused differently is that

correct yeah i think that our motivation is to solve one of the world's biggest problems or a we don't. the money will come later ok we can't we don't want to worry about that now we want to start solving some of the world's biggest problems right anybody as genome and you talk about proteins maybe expand on that a little bit i'm actually looking to approach in engineering and one of the problems i was trying to solve with protein engineering is viruses and bacteria before this i was in favor of therapy and this targets this the use of bacteriophages to target back to infections but they couldn't target viral infections so the protein engineer we can engineer the right protein to latch on to the right virus to try and deliver a drug that kills off the virus so erratic and sickness right so let me ask you this about the soul merck in medicine. antibiotics. i hear that they're running out of antibiotics they need new antibiotics and you've got the superbug and all these kinds of things are now resistant to antibiotics are

what you're doing does it address that yes phage therapy is actually a solution to this problem and i should giving a presentation. next sunday about this problem and therapy and how it could potentially help solve this problem ok and you're focusing in on ai is that correct what what is drawn you to artificial intelligence i got first i wasn't really interested in artificial intelligence have i like it just what another one of those topics but i say as i saw more and more of it come around me i realize it's actually really cool so i delved deep into it and i found this really cool kind of subtopic of artificial intelligence called reinforcement learning delivered a presentation about that a couple weeks ago and basically what it is is learning on its own so it's basically a machine. reenact a human the way it learns to experience and i think that's really cool because we're we're bringing a step closer to general intelligence. there's

a debate that is on a high profile basis between i believe elon musk and mark zuckerberg it's all about artificial intelligence. is warned against artificial intelligence considers it a threat mark zuckerberg over facebook has spoken positively about air artificial intelligence how do you weigh in on this topic serve i think it depends on what we use it for so if we use it to solve problems then it's definitely good but if you use it on the flip side then it can have negative effects i mean you look at the gets out of course. right so do you see there being a possibility that it could get out of control artificial intelligence and what i mean by that is there you just described a situation where the artificial intelligence is kind of teaching itself and so it's now kind of divorcing itself from. the human experience if it becomes cognizant of its own existence and starts to live kind of in

a parallel world i don't get to syphon i hear but is that is there are risks there or how do you see that the other could be a potential risk in the future i don't think anything from the for the near future though reinforcement learning is still super early and there's still a lot of problems that we need to and you know if you're right and so do you guys have work together we work on similar projects you know we don't collaborate. with labyrinth so you come to the this conference with the blotching conference and are you getting a lot out of it yeah we've been talking to two speakers like you and me listening and getting a lot of value for so in mice in my presentation where stacey and i are on stage you know we were talking in the sense that there is going to be a battle between block chain and the state essentially that people need prayer themselves for this is not going to be any handshake reconciliation between the state and blocks is going to be a conflict it's going to get more heated. how do you how do you see that i mean when you heard our presentation what did impression that it make on you like what

do you think about that about the problem block chain response to government i feel like sometimes the government does a little bit. stifles innovation sometimes and not ideal obviously we're trying to invent solve biggest problems and we can't have that constraints of time so. we need to have a government that allows innovation encourages it without having like a clamp on or trying to regulate it in any way the press is going to follow up on the yeah i was just agreeing with everything has set whatever he said right now i think it's a pressing innovation and i think it really needs to change so you guys are basically on the front line of this emerging technology and there's going to be of course a lot of pushback and is it the idea that your ability to introduce products that are so. great is going to trump any pushback i mean they're just going to live and get a life of their own when you're when you're solving from the biggest problems like

i said before you can't have any sort of government safely in this so if it's a solution like facebook or something that has real power i feel like the government would eventually have to accept that it is a solution that you have to take it great any thoughts on that yeah i agree i think i'm going to be really passion about what i do so i will make ends meet on this ok so near future here you are get ready you're still high school i guess right so then you're going to go to further education are you looking at different universities that you have your eye on that you think are attractive for you to go out there what was that was going to be like for you guys we were actually talking about this is well ok let me do your thoughts i will go to your failure with your thoughts on this i'm not sure what i want to do in university honestly at this point i want to share most of the great geniuses of the space they drop out of university. i'm not sure right it's like maybe there's value there maybe there's not what do you think my feeling especially for a block chain there are only like

a couple of courses in the entire world in the universities so if we get to a point where we learn about artificial intelligence genomics what are a species we choose to be. become thought leaders and is there really a point in going to university anymore forty thought leaders and there's foundations like the peter thiel foundation we have a project that really works that solves a problem and right i believe it taluk was a low of the work through the system is metallic seen as a. you know a role model in this space. yes i'd say so i'm relatively new to the space i've been focusing on for only a couple of months so yes i'd say so what are your thoughts. right he's seems of captured the imagination of quite a few number of people and encounter is counted a great place to be at this phone toronto canada is that a good area to work and for this to go forward yeah for sure they're trying to becoming almost a new innovation how did this point and i think it's

a really good environment to be in when you're innovating and changing the game so expand on that a little bit what makes it a good environment to mars building of course that has a bunch of startups in it in general just the people here in the venture capitalists and things like that it really helps to have meetings with larger capital. but that could be the coming soon yes i sure am ok well guys you know what i can tell you is that you know we've been here we're talking to c.e.o.'s talking to fund managers the one thing that's lacking in this space are great engineers so you guys are really well position now going forward and i think you know guys like yourself are really the next generation of big going gives me is a big point investor and supporter incredible hope and i'm totally encouraged by meeting you two guys probably the most interesting meeting i've had this entire conference because i say oh yeah the future is assured so thanks for being on the guys report thank you for having us. well is going to do it for this edition of the kaiser chorus me bash kaiser herman i want to thank our special guests here in

toronto mish and some are some us if you want to catch us on twitter it's cause report it's election time by you know. palm oil is one of the most controversial products of odds on it's a solid vegetable fat that's very cheap. twenty seventeen production grew to sixty three million tons that rapid growth in international demand for cheap oil has led to the massive expansion of plantations which means the destruction of rain forest . get into the zero a lot more than ten million hyped as of unique rain forest has been destroyed it's a process that just keeps going.

political end used to be the end it didn't last i believe is that when a few fulfill some fantasy and i use that money. when i left it i sat next to. a lawyer and i love. the birth of the pick up a book in his life. take . custody of those mothers and he took up most of them and didn't have a difficult moment. and the years on leave i thought and there i don't. know

how shame will. kill a gun it will be an admission from them. in the heart of the swiss alps this is a place probably more secretive than the pentagon more mysterious than the cia and better guarded than for knox ellis was customs are here permanently all the science is controlled by them monday imposed the opening time so it will go up was it because it took these forms all plus the procedures in place of the strictest in all europe masterpieces by artists like pecan so i'm modigliani i can't boards unsold inside this warehouse that's where the report comes in it covers up deals which are naturally discreet commercially discreet step but also discreet secrets

they concern fraud tough. some of those paintings are linked to dark secrets nobody knows how many of these secrets kept inside the geneva freeport. you'll never obtain an inventory of all the works in the freeport who knows how many there are three hundred three thousand three hundred thousand is it a matter of confidentiality only is it the world's black box of the art business. german police raid a migrant center where a group of refugees how the grist for. earlier this week. russian foreign ministry if israel really. violated the twenty fifty nuclear

agreement it needs. to be international atomic energy agency immediately. be iconic century old boy scouts of america group gender neutral name change to start taking in girls next year the moves inflame the debates around political. there isn't a great deal of evidence to suggest that only boys want to do traditionally male activities and want to do traditionally female activities people are afraid that there are changes and that boys like to do boys stuff and girls like to do girl stuff it's that this think it's true. just after six pm this thursday you me here in moscow you're very welcome to our two international mining's in our top story german police major raid on

a migrant center in the south of the country after scores of asylum seekers forcibly prevented the deportation of a man on monday the group reportedly attacked officers on their vehicles before helping the individual to escape peter all over more. but if we start on monday with the incident and kick this all off it started when police in the southwestern german town of. gartin but important book arrived at this refugee center with the intention of taking away a twenty three year old man from togo who is about to be deported now as they arrive to do that crowds of people start arriving saying he should be set free those crowds got bigger and bigger we're hearing one hundred fifty plus refugees surrounding the police in their car that was there we hear from the police that this was a particularly aggressive crowd that threats were being shouted the police officers

eventually for air fearing for their safety or they released the man and then retreated now the police chiefs haven't condemned those officers they've said that they what they described was a really horrific situation a potentially dangerous situation that they were right to pull out there now three days later thursday we saw a major police raid take place now we're hearing as many as two hundred police were involved or there's more information has come out about this throughout the day we've seen quite angry reaction from politicians to the press senior police saying that they have to move in when they did to stop this situation descending into further chaos. structures to organize to the refuges center that apparently ng to obstruct the thordis were there there was considerable danger of the demerged and as a lawless area. well as more information has come out about this throughout thursday we've seen quite angry reaction from politicians particularly at the fact that it

this man was essentially on the run and free for three days after after the we also heard from the interior minister horse and see hoffa who is typically a bully and in what he had to say. what happened there was a blow to the law abiding population we shouldn't let them trample on our. hospitality attacks on police officers are unacceptable in a constitutional state such conduct must have criminal consequences is clear that frustration is no excuse for crime there are a lot of questions being asked namely well why was this able to happen in the first place how can it be stopped from happening at other refugee centers in the future and ultimately who is to take the blame for allowing this situation to escalate as rapidly as it did. russia's foreign minister has told israel that if it has evidence iran has broken the twenty fifteen year clear deal

it must pass along to the international atomic energy agency circular for off comments come after israel's benjamin netanyahu plane the to run repeatedly misled the international community over its uranium enrichment program. such documents should be immediately passed on to the international atomic energy agency but according to the comments from experts taking a part in the negotiations which it's very likely that such documents refer to previous activity which has already been taken into account by the international agency as inspections. if the us will announce exit from the around the old rope the international community will of course lose one of the most important instruments promoting the nuclear nonproliferation regime the source of which is during a dramatic presentation on monday prime minister netanyahu claimed iran lied about never having heard a nuclear weapons program he also alleged it continued weapons research after the

twenty fifteen deal was struck and that it tried to hide all of the files relating to its work netanyahu revealed fifty five pages of documents apparently seized from iran and a heist by israeli intelligence which he said was proof of to iran's dishonesty. we can hope for. the project. was a comprehensive program designed. to work. we're also. very long superbly sure. do you talk. to develop. we remain deeply concerned about iran's dangerous place in the rest of the region and iran's ambitions of down the middle east. you know this is with israel in this fight we strongly support israel sovereign right to defend itself.

european leaders urged israel to submit all of the data to the un's nuclear watchdog but along with the i.a.e.a. itself suggested there was nothing new in the presentation not there is no credible evidence iran has broken the agreement the pact with iran was struck in twenty fifty it was brokered by the us china britain russia france and germany and hailed as a huge diplomatic success in exchange for some sanctions being lifted to run agreed to strict limits on its nuclear program and top and up its facilities to international experts it's currently in jeopardy as the u.s. president who's been a vocal critic is deciding whether to walk away many saw binyamin netanyahu presentation as an attempt to encourage donald trump to bond in the deal let's get some reaction to bring in chris nineham to the program founder member and national officer of the stop the war coalition in the u.k.

chris you're very welcome can i put this point you just as we're explaining what happened there moments ago if the i.a.e.a. already knew about iran's plans what was the point of israel's presentation there for. what it does look. according at least to some spokespeople from the i. and from the e.u. actually. that this information was in fact information that was already available and had been seen by people involved in the negotiations with iran so the only conclusion you can draw from that is that this was likely part of an operation to try and bounce the u.s. to try and give credibility to donald trump's efforts is his is apparent plan to walk out walk away from the from the treaty with iran so it seems it

seems a reasonable assumption to make that that is actually what was behind this effort by benjamin netanyahu in a statement today around said it isn't going to make any changes to the nuclear pact do you think that's in any way likely to influence donald trump as his may twelfth deadline gets closer. yes i think it may do and i think you know it's a very very dangerous situation that's developing i mean if if if trump makes that decision then we are in a completely new scenario in the middle east because there is clearly growing tension between on the one hand the saudi israel u.s. axis on the other hand iran. hezbollah. and with their russian supporters so you know this would be a big. big step backwards in terms of the sort of the the state of affairs in in the middle east that it would be

a step further towards what is in danger of becoming a regional war in the area so the stakes really are very very high here and you know it is one of the few. the deal with iran was one of the few successes of. foreign policy in the region it was one of the things that was actually served to kind of. at least the hope that some of the problems in the region could be resolved if that's broken we're in very very dangerous territory we're just fleshing out i frontier rounds point if you have how do you expect iran to react if come may the twelfth just over a week's time the u.s. pulls out of the nuclear deal. well i mean i hope they they respond with. with with you know patience and sort of understanding of the situation but i mean it seems to me it would be a real provoke a provocation to.