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 ask gary 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 such oh she's coming from the future and he arrived and he's heading back to the beginning to me. basically. the most fargo just nickel and dime and people to death malicious dogger them's 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 and the just the scourge like the plague that needs to be eradicated or you know gonorrhea are socialists i mean wells fargo is the syphilis of wall street. and

bitcoin is penicillin essentially and if you're going to ground it if you turn it if you talk about looking into the past when these sort of headlines are being like this these are pretty blotching sort of financial and banking stories right on the relate children you know people that are ten twelve years old now and the future they'll this will look like a freaky world that you could live in a world where bankers had all control of your 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 a myth. fifteen years of collecting runoffs a man's finally paying off. ok this is not really relevant anything. to the sentence sometimes. i thought it was really interesting that that that's relevant to the whole point market maybe it might pay off yeah it did i see oh around rhino salem. collateralized by mine i'm seeing. this kind of gets into

the economics of extinction which is interesting. trend you know they gave their fishing these shoes 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 a lot of 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 group them and i like this it's a great image you know you did that 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 up with 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 in the old system that is decaying right now is we have a system whereby if you're next to the new york bed 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 there was there is evidence that they do go and see each other and meet between midnight and four am down near the new york fat 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 with bets or at least three or four major eighty percent corrections and it's usually this is the pattern i think this will just continue on two hundred thousand and beyond that 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 fear money as i open this talk with the fee on money or it is coming to a close the idea is to have money referencing other c.n.n. 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 blah blah blah b cash

is the scientology of crypto. i'm going to trade it free to compete but i mean why steal the brand why plagiarize oh i see sunny's on the side of the give us of a hug he's a big b. cash older lookin to run right out of the right time. don't go away stay tuned for much more after the break stay there. for many years so i know the game and so i got. the ball isn't only about what happens on the pitch to the final school it's about the passion from the fans it's the age of the super money. and spending twenty million. it's an experience like this because i want to share what i think what i know about

the beautiful get a. chance with. so what we've got to do is identify the threats that we have it's crazy to. let it be an arms race. spearing dramatic development the only move really exists i don't see how that strategy will be successful ready. to sit down and talk. 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 where is 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 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 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 i really try to leverage this technology to solve some real world problems so with a partner i actually built a decentralized medical records application where hospitals can share medical records securely under private blocking another one of these on the application

that i've built as i can essentially as an e-commerce store where you can bend it without a third party decentralized voting supply chain and 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 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 the stakes are 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 my. it 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 for 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. 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 has 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 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. 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 a 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 saif 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 you guys have work together we work on some of projects you know we don't collaborate. so you can do 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 been listening and getting a lot of value so in mice in my presentation where stacy 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 there's 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 like. innovation sometimes and that's not ideal obviously we're trying to in a van full of 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

that 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're a 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 father 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 mean i'm sure writes it's like maybe there's 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 university so if we get to a point where we learn about artificial intelligence genomics where a speech used to be in. become thought leaders and there will be a point in going to university any more forty thought leaders and there's foundations like the peter thiel foundation we have a project or idea 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 mean 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 kind of a great place to be at this final count is that a good area due to work and for this to go forward yeah for sure they're trying to becoming almost a new innovation have at 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 lunch accomplished. 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 positioned now going forward and i think you know guys like yourself are really the next generation of because it 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 max kaiser and stacy herbert i want to thank our special guests here in toronto miche and some are some us if you want to catch us on twitter it's cause report it's election time by you know.

when the war hawks sell you on the idea that dropping bombs brings pianist's to the chicken hawks forcing you to fight the battles of big stone and. the new socks by to tell you that celebrity gossip and public bus files are the most important news today. while i'm off about her eyes and tell me you are not cool enough unless you buy their product. all the hawks i mean i'm on the ball of wax.

i. was. breaking news the czech republic earlier this evening admits producing and storing the type of nerve agent that 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 substance. least weight of migrant center were a group of refugees had to aggressively forced officers to release an asylum seeker earlier this week. and russia's foreign minister says that if israel really does have evidence that iran is violated twenty fifty nuclear agreement it should therefore immediately hand that evidence over to the u.n. chemical weapons watchdog.

hello good morning this is art international that tell one i am live from moscow with me kevin knowing first that breaking news in from the czech republic in the last few hours president milos examined there is confirmed that the country has been involved in producing the type of nerve agent believed to have been used to poison the former russian spy service case cripple and his daughter in soulsby wilcher u.k. in march bill it's small amounts of money truck were produced that in the czech republic and we know where it would be hypocritical to pretend that such a thing never happened. the czech president saying that's not the child had previously been produced and stored in the country could be seen as a very major development to the script whole saga given that this is a point that russia had been making for a very long time saying that this nerve agent that was said to have been behind the pope poisoning of sergei and screwball and his daughter could have been produced in

a number of countries including the czech republic and the us now it has to we have to be clear that the czech president did say that novacek was held in the country in a small amount and has been destroyed however this is key given that previously czech ministers had denied this possibility russian claims that the czech republic is one of the four countries most likely to manufacture the nerve agent used to poison surrogates propound his daughter wholly unsubstantiated and highly speculative. the russians crossed all boundaries when they said the novacek agent could have come from the czech republic that is a lie now if you remember the u.k. was saying that it could only have been russia behind the attack or two used to recent days term quote highly likely and this was along with the wider picture with british official saying that russia had a history of similar incidents that it had been behind that it could only have been russia to have a motive in this case as well as

a handful of other accusations that had led to westminster to point to moscow and of course what unraveled was a major diplomatic standoff bringing ties between russia and the u.k. to a new low diplomats were expelled from a number of countries there had been boycotts by top officials of attending the world cup to be held in russia in the summer of twenty eighteen so certainly major circle major consequences for this development and of course despite the fact that we have seen a major scientific lab such as porton down being unable to pinpoint the production of the nerve agent used in the attack as having come from russia and the fact that russia all along has been saying it had nothing to do with the incident and denied that it was involved in this crippled case whatsoever it had called for a joint investigation and really saw what happened as anti russia histeria this is what the latest is that we heard from the russian foreign minister on this the

government's accused russian launched a massive and see russia political and information complain without showing any evidence it's even didn't wait for the conclusion of the british investigation to go over those proposals for joint prove our legal demands to produce evidence including samples of the substance which was used. and of course curiously what we have seen as within especially the first month of this major script scandal unraveling this was the major biggest story on all sorts of headlines especially of course here in britain as well as throughout the world and yet recently especially following sergei script file and his daughter hughley as conditions improving this story has kind of disappeared from the political and media limelight so we will have to see whether or not it might resurface given these latest statements from the czech republic bit more about grown near the czech president cited a report from the country's military intelligence that was secret looks like he's made a statement on national television tonight listen to the details of come from it so that a small amount of

a nerve agent was previously produced tested and destroyed in the czech republic over the president said that another report by the czech counter intelligence agency identified the agent not as an obvious chopper as a similar substance called me three twenty if you're confused let's talk to james to issue a professor of chemistry at rice university a there james thank you for your time. before you talk and live on a curve and i know you can hear me the u.k. says only russia could have made a novacek nerve agent crucially there was a big kneejerk reaction after oversleep was a very emotive thing that whatever it was in souls people wanted says the british government drew very quick conclusions now we're hearing hang on a minute despite early denials like substance of something similar to it was actually. being held or has been produced in the czech republic recently as as recently as last year it does bring into question why britain moves so quickly

doesn't it in anyone's mind surely. well it says i've said before lots of countries have made these there's there's probably at least a dozen countries that have the capability to make these persistent nerve agents and it doesn't surprise me that that the czech republic in many other countries could could do this the czech republic is very advanced in their chemical and synthetic chemistry ability and many nation states could have done this yet now a bit more detail is to say it's only been coming in apparently this report came out around about the twenty seventh of march he was top secret is a security services and it's really become a public really on check t.v. tonight when he talked about it he's mentioning that the czech republic how to nerve agent called a two thirty similar to novacek minerva chalk i gather is it could be a group of similar kind of nerve agents it's not just one thing what's a two thirty day notice thing about. here's

a two thirty is the standard persistent nerve agent it's one of the the a two hundred series this is just putting a hydrogen mauritius. at a group at a site that they can vary so it's a typical a a series. persistent nerve agent many countries would have the ability to make that compound and this is what would be termed is it a for the simple minded to not a chemist this is what could be termed a a novacek one of the group. here some people would call it that. ok why would the czech republic be manufacturing that are having a stock of it as recently as we think the details aren't totally clear but maybe as recently as a year ago parties all destroyed now but why would they be having this. i have no idea why they'd be having it but i i can only gather that many countries

have made it in the past to smart of study on making nerve agents and many countries have made nerve agents if you want to study what a persistent nerve agent can be like something that that is harder to detect something that. masts much longer than a typical nerve agent like sarin or so minor g.-s. then you'd want to be making these in understanding how they work sometimes countries make it just to learn how to defend against it in an area that might make it to learn how to to build an antidote for it. spoke to so many people over the last four six weeks chemist distinguished scientists eccentric central the russian side every side it depends who you listen to the majority seem to say certainly on the russian side that is maybe a maximum of twenty labs around the world that could have made this of another scientists is say no that's not the case it could be many many more what i'd really

like to know as a known chemist is if you made some of this or say you sneaked out of a laboratory if that could be done how long does this stuff last on the shelf all the two constituent chemicals you need to put together to make it happen along that last i mean could you steal it in theory and it would still be active five years ten years later or no. yes it would be if the long as you keep it away from air and moisture you'd be ok generally the precursors that the two agents that you need to make it are extremely stable and they can last many years if you're going to put it make it into the final form. again. if you keep it away from air and moisture it's going to last it could certainly last years and these persistent nerve agents these class of nerve agents are made to be more stable than the than the formerly used or more abundant. standard nerve

agents are these are going to last even longer so yes this could have been made years ago and kept around for many years to have been so many theories about whatever happened in salisbury how it could have happened maybe there are two different chemicals or bought separately a mixed up and and dispatch doesn't look like there was much of it whoever did this just a quick thought without getting it selves in any hot water here about what happened with this cripples what you saw just clearly on the news what you know about it does that tell you with what you would know about the novacek seems both these guys managed to pull through the policeman as well did they were reported to be seriously ill information's come out has been very very scant as you know would you expect a nova chalk agent to have had a more serious deadly effect. it all depends on the amount that the people were exposed to so the toxicity is is generally scales with the amount of exposure and so if they just.