spain did it britain did it everybody thinks they could do this and this is never different it's always the same yes always history repeats or rhymes whatever well they had a lot more crazy stuff going in the second half so don't go away stay right there. in twenty forty you know bloody revolution to keep the demonstrations going from being relatively peaceful political protests to be creasing the violent revolution is always spontaneous or is it you know here i mean your lives put me in the. split needle the former ukrainian president recalls the events of twenty fourteen. those who took. invested over five billion dollars to assist ukraine in these and other calls it will ensure a secure and prosperous and democratic. twenty

eight team coverage we've signed one of the greatest kill people. but there was one more question and by the way was going to be our coach. guys i know you are nervous he's a huge star and the huge amount of pressure you have to the center of the pole with you and do all the great britain you are the rock at the back nobody gets past you we need you to get the ball going let's go. alone. and i'm really happy to join the team for the two thousand and three and world cup in russia meet the special one i was also be sure to meet just at the rio bianchi team's latest edition to make up a bigger. book. welcome

back to the kind of report i'm nice guys are time now to turn to gabriel abed he's the co-founder and c.e.o. bit barbadoes based crypto fin tech company making waves in the kara been cambria welcome thank you for having me on the show it's great to have you on the show because we get to travel around the world and find out what's happening in crypt and different places in barbados has suddenly become a hotspot encrypt tell us why. is seeing a lot of uplift from foreign companies coming in and setting up on our shores for talks optimization purposes beautiful beaches stable relatively stable economy but

it's actually it's actually bermuda right now that's starting to start to become the mover and shaker in the pan caribbean as a matter of fact to be quite honest this entire caribbean star in the bubble you start to see st lucia. many islands are starting to rise up towards. having appreciation towards technology because of the value incentives that it offers there are other territories competing to be a go to destination for the crypt i went astray obviously and point rick out to make a big play for this and in singapore there's a lot of activity and hotspots in europe so in the caribbean now you've mentioned that there are tax advantages as there would be in ireland for example ireland attracts a lot of companies for the tax advantage and the beautiful beaches and i understand that even though the government in these areas are becoming quite correct yes so just to correct something we said i'm definitely the founder one of the founders

i'm no longer c.e.o. i would be focusing now on more working with various central banks around the world so that while you were in the camel because you're now the armed wing. community taking on the banks and hand to hand combat well actually this is a gift from a friend and i were all white so it wasn't good for the cameras so oh i think that's a cover story i don't really believe it i know that their suggestion and against going on but tell us more continue don't mean to interrupt well you know in the shenanigans a lot of follies been happening in the caribbean region. i mean this is the reason why we built it was to start allowing the regions have more of a unified currency basis them or financial sector right now we're talking about a nation that's plagued with. multiple currencies. high remittance costs high sediment times high on back to population the under banks and in the region is

actually quite upsetting all right you recently presented a speech to the bermuda monetary authorities on central bank digital dollars tell us about that typically when you introduce central bank digital currency is the central bankers it goes quite over their head initially so a part of the process that is to educate central banks on the importance of this technology and what it can do for them from a perception of the center ridge the cash optimization from cash creation the point of where central banks yes in the inflationary world print money. printing money has both of a cost on a resource base cost an economic cost of course it also misses out some of the key points that we want to citizens which is accountability and transparency and so you start to educate these guys that the chain and because it isn't a scary monster it's something that you can wrap your head around as a matter of central banks can embrace it to build

a parallel to that world so that you can actually start transitioning into the modern age of technology was a dialogue going in and that's an excellent bit of homes been successful with a few central banks in the region. most pacifically the eastern caribbean central and why that's important is because eastern said caribbean central bank is a currency union of eight islands so that one central bank being a pilot and tests own for a central bank there's no currency allows for islands to settle in between themselves another thing that you may not know right into island settlement that's made facilitated by block chain facilities they've not had before i guess what that kind of efficiency so you're an archipelago i believe is the phrase that would work in this case a group of islands yes and so. you need to have the block chain kind of clearing trades in these different territory and previously they would have gone through other jurisdictions to do these clearing the trade right so that's

a huge benefit so they see cost advantages most nation's most advanced time advantages economic uplift g.d.p. growth and bank citizens can now become banks because penetration rates of smartphones are over one hundred percent in some of the islands so now stable coin . is what you're talking about right so the stable point is a subset of the whole crypto space yes and it's the idea that you know if that tether teller is a dollar surrogate if you will that's crypto and that that's kind of a stable coin yes so tell us about that a little bit explore that well this provides facilitation to avoid volatility for those that wish to have the advantages of sending and receiving digital dollar with what could be perceived as a disadvantage in the. in the crypto space of the volatility so what is stable can accomplish is guilty to transact there's still feel it's right rein and you stable going. be stable going well bit itself as

a company but they produce stable coins for governments they provide governments the tools to produce their own stable point in barbados as an example the barbadian digital dollar is nothing more than the barbadoes dollar bought one two one by the barbells dollar which is the. still as a bludgeon you know unlike ripple i would guess there's a big tree mine there is zero pre mine is not possible the premium happens essential. i mean doesn't the central bank is kind of like able to perform as a central bank but in this trip to space i think of the entire archipelago and you guys a bit are facilitating that world sponsored serves the the old world of central banks as a let somehow of a bridge into crypto and it serves the crypto world because it allows them to have the bridge into the traditional network because you can take cash and convert cash physical dollars easy to pick one or other forms of mathematical programmable currency but in the world of central bank there's zero dollars there's a bridge and a communicational path that can be built right fair enough now you facilitate

a relationship with the nance the one year old crypto currency exchange already raking in billions why bermuda bermuda offered regulatory clarity for and i don't want to speak on behalf of binah because it's not my company although i have a lot of respect for the c.e.o. . when bermuda when the premier of bermuda. good on his promises to let me get this straight but if it's moving into permian it doesn't have a single headquarters as. the c.e.o. would have explained it by not exist in many parts of the world with different types of services in different parts of the world they're looking to do what i believe is compliance and bermuda which bermuda has a lot of compliance officers a very large set of compliance officers so it's quite ideal for them from the perspective does it bring in more i guess volume and business so that it's a good for the island of bermuda brings in jobs it brings in economic growth it

puts them on the right if you're mentioning it shows there become a little bit more know what i'm looking to get at all paid vacation. and i actually i should say that maybe. maybe. be a bathing suit think that would fall under the you know the threshold of what would be reasonable in this situation and maybe hook me up with a speedo yeah i could organize a flag on the speedo i thought i mentioned earlier i'd actually anyway let's move on charlie munger accuses you as a crypto currency trader are a demented. who harvest baby brains how do you respond we're changing the world makes us the men to. change in the world for the better and these guys have had a chance to do it and they did nothing and that's a choice of. decades to change the world and to make a difference charlie munger for context is the partner of warren buffett over there i know i'm aware of his statement in the recent and you know he and warren have

been badmouthing crept down and their own bill gates was there as well which and bill gates was is a hero of mine and you know considering some of the things that he wrote back in ninety five along the lines of digital currencies will help you on buying nations and we're literally helping a nation and in the caribbean and around the world with other central banks towards this exact mission of being able to solve people's problems right bill gates is a twice convicted predatory monopolist i'm not sure he's got a moral you know box on which to stand and lecture folks these guys they've made their way in this world and they've done well and. but they're definitely wrong they're more than wrong the mathematics in the system is pure and it's good and the end of the day the consensus is amongst all of us clearly there is some screwless in that group because they said that oh they would short it if they could and yet it's easy to short but going there's plenty ample right ways to short it going so they haven't even spent five minutes doing any research nouriel roubini makes

comments about it obviously never looking at anything to do with the white paper paul krugman looks at this and he's famously said the internet would be as popular and we use less and never go anywhere and they have no feeling whatsoever for these . technological reason i was on c's guys to explain something as novel in this field as public private key pair and crips and brainwash them fumble and then if they can even get their heads around the concept and then who are you to to judge my face currencies or protocols right so what is what is your five years from now what is going to be happening in your world what do you what are your goals with your five year plan a bit personal while both i mean because i think you two bit and you are kind of synonymous you know it together in a big way but we're just going to go in five years give us the picture well for but i see most central banks the monetary authorities adopting the bit process and the procedures towards issuance of their national currency base i see more bridges

being built between there's a lot sets and still currencies. there's still systems i see bit finalising on it's multilateral clearing facilities between unions for example carried home and i see but being. the caribbean community the caribbean as one of the songs trade unions in the world called caricom and can help unify under a single trade union yes i'm saying there is here's just interesting angle because typically the folks that are working for eleven look at the crypto space they see the lamb bio's and they see all the cover stories on the business magazines and they don't think there's anything in it for them and you would argue that there is something very important in it for them yeah absolutely are you kidding me i mean you can look into this thing and says see bills and ten x.'s and moon shots from those who want to scream for the working gang but for the working guy the main thing is right now that there's so many different industries that can be disrupted

and involved with law change the transparency transparency accountability integrity but that's the crypto you get purchasing power is not inflated away by the central bank that's quite important you get a saving of real money especially in the field. what we're doing we're issuing a long central banks issue the additional dollar but now you're providing a bridge between one of the in my opinion safest asa classes in the world. fantastic i mean this is such a multi-faceted story and when you're in the space as you are you get to wear the camel jacket and he also get to wear the big cohen socks i think there's a big going to get a shot of the big client socks this is the kind of forward looking fashion statement. that crypto pioneers can wear in public and get you know big applause for it but anyway we got to go gabriel thanks so much for being on the kaiser report. already well that's going to do it for this edition of the concert for with me maximizer and stacy herbert want to thank our guest gabriel abed he's

the co-founder of bit of barbadoes bass krypto fantic company making waves in the caribbean so next time by you know. united states. and its tax on other countries. sanctions are often just the beginning another thing you like to do is play some military press countries and talking about. and there to be an effort to raise that kind.