time they say that like if you know the speaker before us had a chart which suggests that there is one of the options of why there's a premium on it could be manipulation of the going to measure for catch oh yeah because it's a sort of story oh yes stock trading robots reacting to stories i just made reference to this so you've got the basically financial news is being written by robots and then they create the news and then other robots read that is and then they do algorithmic trading on wall street based on the news written by a robot that a robot uses to trade stocks and create prices that are then reported by another robot. so that's another s. kerry thing to think about is that it is a she not comodo a robot that created some currency for itself. basically well you know my theory is that sometimes she's coming from the future and he arrived and he's heading back to the beginning to me. basically. just nickel and dime and people to

death militias dogger them that just go in there and steal money again there's no penalty there's no there's no criminal charges for this type of fraud just the scourge like the plague that needs to be eradicated or you know gonorrhea are so full of some meanwhile fargo is the syphilis of wall street. and bitcoin is penicillin essentially and if you're going to ground if you turn it if you're talking about looking into the past when these sort of headlines are being like this these are pretty locked chain sort of financial and banking stories right and you relate children you know people that are ten twelve years old now and the future belt this will look like a freaky world that you could live in a world where bankers had all control appear wealth and they could create fake accounts for you insight trading and you didn't even know that they were operating in your name then it won't believe it they'll be part of the myth fifteen years of

collecting write us a man finally paying off. ok this is not really relevant anything. and sometimes. i thought it was really interesting that that was relevant to the whole point market maybe it might pay off yeah you could do nice you know around rhino semen. collateralized by run and see. what this kind of gets into the economics of extinction which is interesting. trend you know they they've they're fishing these shoes bluefin tuna in japan to. 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 run us the difference between family and central banks gripped in one i like this it's a great image you know you bet 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 what 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 if you. usually this is a pattern i think this will just continue on two hundred thousand and beyond it is to me the valuation question it 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 three m. money era is coming to a close the idea of money referencing other c.m. money is now dying in the bond markets and

a 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 blah blah blah b. cash is the scientology of crypto. i am one is free to free to compete but i mean why steal the brand dude why plagiarize oh i see studies on the side as well give us of a good he's a big b. cash older looking to run right out of the right time. thank you don't go away stay tuned for much more after the break stay there. good posts and you should. put themselves on the line. to get accepted or rejected

. so when you when the president. wanted. to go. this is what before three of the more people. interested in the war. wait.

welcome back to the kaiser or 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 where's because i'm going this because it was 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 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 and some are some are yes ok so we met here at the big calling 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 be like 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 i will do you i'm 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 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 blocks in technology in artificial intelligence so in terms of blocks and technology i try really trying to leverage this technology 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 under private blocking another one of these on applications 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 are kids in the oceanside the 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 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 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 as an event 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 supplying to solve with protein engineering is viruses and bacteria before this. 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. 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 actually 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 i felt like i just want 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 action 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 that talk

about artificial intelligence. elon musk has 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 sir 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 that 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 yeah there could be a potential risk in the future i don't think anything for the for the near future though reinforcement learning is still super early and there's still a lot of problems that we need to fear right and so do you guys have work together we work on similar projects you know we don't collaborate. and 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 speakers like you and me listening and getting a lot of value 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 are 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 in a van full of the 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. going to follow up on the yeah i was just agreeing with that everything has set whatever he said right now i think it's suppressing 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 any thoughts on 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 to that 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 usually 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 is value there maybe there's not what do you think my feeling especially for a block chain they're 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 in. become thought leaders and there will be a point in going to university anymore if already 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 a talent was a fellow of the work through the system is vitale 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 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 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 nish and some are some us if you want to catch us on twitter it's cause

report it's election time. palm oil is one of the most controversial products of odds on it's a solid vegetable found 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 is the destruction of rain forest. into the zero a lot more than ten million hiked as of unique rain forest has been destroyed and it's a process that just keeps going. breaking

news in this hour the czech republic admits producing and storing the type of nerve agent which was used to poison a former spy and his daughter in britain despite earlier refuting russian claims that it could have been one of the countries which handled the subs. headlining to night german police raided migrant center with a group of refugee to the progress of the power that forced officers to release an asylum seeker earlier this week to tell about that. the russian foreign minister says that if israel has evidence little rand violated the twenty fifty nuclear agreement should immediately hand it over to the un chemical weapons watchdog.

they could even this is news of eleven live from moscow with me kevin i want to first go out to a breaking story coming through but more details in on that not a lot to go on at the moment but so far it seems the news in from the czech republic is that the president the german has reportedly confirmed that the country has been involved in producing the same type of nerve agent believed to have been used to poison the former russian spy surrogate script on his daughter in the u.k. in march an interesting turn of events tonight. was produced and stored it was a small quantity but we know where and how it was done let's not be hypocritical there's no need to lie about this last november nerve gas a two thirty was tested at a military laboratory in the city of but i know there was a very small quantity of it after the test it was completely destroyed. well russia

has consistently denied any involvement in the poisoning of the scruples in the sols free will to the u.k. calling it a provocation moscow's core argument has been that the nerve agent was produced in a number of countries including the czech republic last month the czech prime minister denied the russian foreign ministry's claims the czech republic was also one of the e.u. states which expelled russian diplomats as retaliatory measure back in march will bring you more on that throughout the coming hours i'm sure. next german police have carried out a major raid of a migrant center in the south of the country after scores of asylum seekers forcibly prevented the deportation of a togolese man on monday the group reportedly attacked officers and their vehicles before helping the individual then to escape our europe correspondent peter oliver has the details. well if we start on monday with the incident and kick this all off it started when police in the southwestern german town of. garten barton borden

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 and 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 well 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 in this and they detained that twenty three year old along with seventeen

other people but speaking to the press senior police saying that they had to move in when they did to stop this situation descending into further chaos you know i'm kind of it's for you we will not allow the creation of a law we will work against it we have clear indications that most black africans who see the police as the saree and want to fight against them we can all do you know we've never experienced a situation like this before that was young good or 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 in free for three days and we also heard from the interior minister horse who is typically a bully and in what he had to say was. what happened there is a blow to the law abiding population we shouldn't let them trample on our hospitality. attacks on police officers are unexceptable in a constitutional state such conduct must have criminal consequences is clear that

frustration is no excuse for crime but 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 and registered refugees making their way through e.u. countries are a headache for several member states now letters come to light in which the dutch migration minister seems to know exactly who to blame as pointed the finger straight that greece and italy ninety five percent of irregular migrants and asylum seekers arrive from other schengen stays about two thirds of them managed to enter and travel through other member states undetected and unregistered despite all measures taken to improve registration so as you see also question the european commission's previous claims that nearly one hundred percent of migrants arriving in greece and italy are being registered and he wants e.u. members who won't share the burden of taking in refugees to be punished.

freewriting should have a price member states refusing to demonstrate solidarity in violation of a e.u. obligations should be penalized through cuts in e.u. subsidies i got reaction from greece then journalist on a c get marley's member of greece's governing cigarettes a party she told me the migrant crisis is a europe wide problem that singling out two countries to blame is unfair. the thing is that europe has failed to provide a holistic and inclusive solution to the problem. it's a yearly and it cannot prove or solve its solidarity cart their refugee crisis is not a greek or an italian problem and it cannot be managed as an italian or a greek problem it's a european problem end greece and italy have handled that all the burden of this whole situation i think that the criticism is a bit unfair greece any to leave are dealing with the refugee in my grand crisis

that with dignity while there are european member states that have resisted the relocation quarters that have resisted to abide by the e.u. turkey agreement that have it is isted to take on the refugees and migrants i can tell you we've put the dutch migration ministers close to the european commission if they do get back to us we'll update you with what we heard this in response. to russia's foreign ministers told israel that if it has evidence that iran has broken the twenty fifty nuclear deal that it must relate to the international atomic energy agency so your comments come after israel's leader by the minute you're close 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 part in the negotiations it's very likely that such documents refer to

previous activity which has already been taken into account by the international agency as inspections the. if the us will announce its 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 which is a jury what was a dramatic presentation on monday prime minister netanyahu claimed that iran had lied about never having had a nuclear weapons program he also went on to allege that continued weapons research after the twenty fifteen deal was struck and furthermore that it had tried to hide all of the files relating to its work netanyahu revealed fifty five thousand pages of documents apparently seized from iran in the heist by israeli intelligence which he said was proof therefore of tehran's dishonesty we cannot prove. that project of mine. was a comprehensive program designed. to work. we're also.

superglue story project on margaret road to use titled who struggles to devote to what. we remain deeply concerned about iran's dangerous place the us is role in the region iran's vision to dominate all these. united states is with israel in this fight strongly supports israel's right to defend itself or parallel to the european leaders urged israel to submit all of the data to the un's nuclear watchdog but along with the i self they also suggest there is nothing new in that presentation and that there is no credible evidence that iran has broken the agreement the pact was struck back in twenty fifteen broke at the time when big headlines by the u.s. china britain russia france and germany after nine long years of talks and held as a huge diplomatic success in exchange for some sanctions being lifted iran agreed

to strict limits on its nuclear program and to open up its facilities to international experts that deals currently in big jeopardy there because the us president has long been a vocal critic of it is now deciding imminently whether to walk away or not many analysts know sorbet even jaros presentation as an attempt to try to convince donald trump that indeed it should be abandoned and the war activists christe nine and told us he also thinks it's paving the way for america to pull out. the only conclusion you can draw from that is that this was likely part of an operation to try and bounce us to try and give credibility to zonal from its efforts this 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 the stakes really are.