so i mean interestingly this system that we have now this with us dollar based system was basically set up because of the french finance minister under de gaulle called the fact that america had this gold standard and yet the dollar standard as well on top of it that they had an exorbitant privilege and they called back the three hundred million dollars worth of gold and that set off in motion the ending of the bretton woods agreement so here they are calling again they're pointing out like hey this is where it's subject to these crazy there's a call moment is another de gaulle moment but quickly in the last headline here this is reuters and they're talking about again these iran sanctions and the consequences and that is iran oil sanctions could advance china's pet show you and this is from reuters not from os china's position to be a chief beneficiary of the u.s. decision to withdraw from the iran nuclear deal as it would give china leverage to demand oil imports be priced in un several currency experts said on thursday so just just as an baiting iraq and spending lord knows how many trillions of dollars killing lord knows how many hundreds of thousands because we're not allowed to

audit how much we spend we're not allowed to audit how many we killed but the fact is it benefited iran here again we're going to benefit china is like a blundering empire not that it's unique to the us every empire does the same thing they all become hubris they can think they can now bully everybody rome did it 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 on the second half so don't go away stay right there. twenty four you know bloody revolution. demonstrations going to be relatively peaceful political protest to be precise the violent revolution is always spontaneous or is it you know we're here to put it pretty mean your lives.

schooling needle the former ukrainian president recalls the events of twenty forty . of those who took part in this to do over five billion dollars to assist ukraine in these and other goals that will ensure a secure and prosperous and democratic. twenty eighteen coverage we've signed one of the greatest goalkeepers of alternative 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 be the center of the beach . and do all the great britain if you are the rock at the back nobody gets to you we need you to. go.

alone. and i'm really happy to join for the two thousand and thirteen world cup in russia meet the special one. needs to just take the radio beyond the team's latest edition to make up a bigger. 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. of bit barbados based crypto fin tech company making waves in the kara been gambia 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 different places in barbados has suddenly become a hot spot encrypt tell us why barbados 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 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 there 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're wearing a 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 it's a cover story i don't really believe it i know that their suggestion and again is going on but tell us more content you 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 currencies to central bankers it goes quite over their head initially so they 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 how is a dialogue going to help and it's an excellent bit of homes been successful with a few central banks in the region. most specifically the eastern caribbean central and why that's important is because eastern said caribbean central bank is a currency union of it islands so that one central bank being a pilot and testone for a central bank there's a 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 territories and previously they would have gone through other jurisdictions to do these clearing trade right so that's a huge benefit so they see cost advantages most nation's most advanced as 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 who 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 to transact digital feel right reyna new stable going to 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 block and 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 that's it's a 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 unless somehow bridge into crypto and it serves a crypto world because it allows them to have the bridge into the traditional network because you can't take cash i convert cash physical dollars easy to pick one or other forms of my fanatical programmable currency but in the world of central bank there's zero dollars there's a bridge and a communicational paf that can be built right fair enough now you facilitate a relationship with b 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 enhance is moving into bermuda by now 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 that bring in more i guess volume and business so that it's 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 and all paid vacation. actually i should say that maybe. maybe. a bathing suit i 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 and 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 demand. revenge 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 out 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 currencies will help the on buying nations and we're literally helping a nation. in the caribbean and around the world with other central banks towards this exact mission of being able to solve people's problems and 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 that the end of the day the consensus is among all of us clearly there's some screwless in that group because they said that oh they would short it if they could and yet it's easy to short because and 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 famously said the internet would be as popular and we use less and never go anywhere and they have no feeling whatsoever for these tech. the logical reason i was i c's guys to explain something as novel in this field as public private key pair and corruption watch 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 loss and still currencies. there's still systems i see but finalizing on this multilateral clearing facilities between unions for example carry 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 bios 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 bowls 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 changes 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 the saving and the money especially in the field. what we're doing we're issuing a loan such a month's issue there's still dollar but now you're providing a bridge between one of the in my opinion safest asa classes in the world but when fantastic i mean this is such a multi-faceted story and when in the space eyes you are you get to where the camel jacket and he also get to wear the big calling socks i think that is

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 get real thanks so much for being on the guy's report. all right well that's going to do it for this edition of the kaiser for with me maximizer and stacy herbert want to thank our guest gabriel abed he's the co-founder of bit of barbadoes based crypto fantic company making waves in the caribbean until next time by oh. united states and we had a. cool new. tax on other countries. economic sanctions are often just

a beginning another thing you like to do is place some military pressure on the country music talking about. and there has to be an effort to demonize that country and the leader of that country. we have a responsibility for the home. and we need to make rules for the rest. because without us there will be. i've been saying the numbers mean something they matter to us as over one trillion dollars in debt more than ten white collar crimes happen each day. eighty five percent of global wealth you longs to be rich eight point six percent market saw

thirty percent is one of your home with four hundred to five hundred three per second per second and bitcoin rose to twenty thousand dollars. china is building two. point one billion dollar ai industrial park but don't let the numbers overwhelm. the only number you need to remember is one to one business show you can't afford to miss the one and only. join me every thursday on the alec simon show and i'll be speaking to guest on the wall the politics small business i'm show business i'll see you then. across europe municipalities are taking their water supply back from private companies. this is a simple song. elsewhere they invite private companies to take over the

utilities many by the. more you. locals are ready to stand up for the basic human right of access to water it's about water but it's also. it's about the hurt and the redistribution. downwards.

but. europe is prepared to use its most powerful tool to protect e.u. companies from u.s. sanctions which washington wants to impose on anyone doing business with iran. a new approach to russia and quitting the euro are among the plans confirmed by one of the parties poised to form italy's next coalition government. media reports now suggest as long. nerve agent used in the. despite the u.k. previously claiming russia was the only country possessing it. well actually the relationship appears to me we have the reading assuming something comes of it and he'll get protections that will be very strong and donald trump pledges

a positive approach to north korea if it agrees with the proposed obligations but threatens consequences young doesn't comply. very good evening to eleven pm here in moscow my name's neil harvey this is r.t. international. the e.u. has announced it is set to use its own economic weapon to block the u.s. from sanctioning european firms doing business with iran u.s. is threaten to sanction any european company that deals with tehran you commission president said brussels could for the first ever time impose the so-called blocking statute bans any e.u. firm from complying with foreign sanctions. as the european commission we have the duty to protect european companies so we now need to act and this is why we're launching the process of activating the blocking statute from one thousand nine

hundred six we will do that tomorrow morning at ten thirty start off with just what is the blocking statute well it's the strongest weapon in the e.u.'s legislative arsenal when it comes to tackling sanctions placed upon businesses entities from the european union the law itself goes back to one thousand nine hundred six it's never been acted but the closest it ever came into operation was back in ninety six when the u.s. was considering placing sanctions on european businesses importing things and doing trade with cuba what we are going to see is that on ten thirty on friday morning a really written version of this law specifically for the current situation regarding the threat of sanctions against businesses who will continue to trade with iran what may have been but final straw and pushing the european commission towards implementing the blocking start shit may well have been these words from french petrochemicals giant to tell saying they weren't sure whether they were

willing to risk sanctions by the u.s. will not be in a position to continue the project and will have to on wind all related or bridge before for november twenty eighth seen unlist total is granted a specific project by the u.s. authorities with the support of the french and european authorities are speaking at a summit of e.u. leaders in saffir the french president emmanuel mccann vowed to protect european business but is it fair that we will work to maintain the framework of the twenty fifteen deal in spite of the american decision and we will do so in a concrete manner by maintaining our political engagements by ensuring that our companies can stay in iran and also by getting all parties to pursue negotiations for a larger. indispensable deal but despite the words from politicians in the action of implementing the blocking statute that still hasn't stopped other companies from already saying it they weren't going to do any more trade in iran we've seen ali

answer the german insuring giant say they were going to pull out they also alongside the danish shipping company maersk the pull out by donald trump from the iran deal that unilateral decision to take the u.s. out of the iran nuclear deal that really has soured relations between some of europe's leading leaders if you will and deliver kl said just this week that europe was at a crossroads when it came to its relationship with the u.s. it certainly seems if it continues down this route it's a route that doesn't bring washington or brussels closer together donald trump is testing the patience of the european union and the u.s. needs to understand another part of the international community and they call just throw their weight around as they've been doing and expect everybody to fall into line donald trump has as damaged relations is no doubt about that bought. clear

that the e.u. are prepared to stand up to him now a new obviously have to or is advisors will have to reflect on where they go now hopefully it will be a wake up call for the whole trump and you know he will start to see sense but if he doesn't there is a real danger the so i was still for. italy's five star movement has confirmed to r.t. that it's preparing a draft resolution alongside its euro skeptic ally the league party to form a coalition government quitting the euro and the fighting sanctions against russia appear to be among the major issues proposed to the document was leaked to the media to show the dubious as details many people see these two parties who are from the left and the right side of the political spectrum as being quite radical parties the anti establishment the. anti e.u. and already that leaked documents and it details of course some jitters on the stock market with many investors selling off their italian assets when those leaks

were put online so what's in the document what's causing this vexation they want to leave the single currency that would mean quitting the euro they also want the european central bank to write off some of italy's debts with two hundred and fifty billion euros they also talk about russia and relations with the country between russia and the e.u. saying that they want to scrap the sanctions that are currently in place against russia and want to see russia as being a trading partner and not a threat and also quite crucially they want to revise the e.u. migration rules that currently exist which means that migrants have to apply for permission to stay in the first country that they set foot on well we have had confirmation from the five star movement that this document is authentic but we've been told that it isn't all document and there have been revisions since that was dated on may fourteenth however we are aware they've told r.t.

that there is a final agreement that's already been put in the new agreement on russia but we don't know the wording of that yet but one certainly to watch out for given the tensions between the european union and russia so why is there anxiety about these two parties coming together is seen as being anti establishment and some fear that the suggestion that these two parties could form a governing coalition in in italy could actually threaten and destabilize the euro zone if you think about it italy is one of the three crucial members of the your resume including france and germany and if you think of it as being a three legged stool if you take one of those legs away then it could. just completely collapse all around and that's what many people fear will happen with these two parties if they come together but let's be clear they haven't yet released a final document they're still working on that they want to form this governing

coalition so that italy doesn't face fresh elections that there still seems to be some sticking points before that government can be formed their own. electorate at the school of political science at the university belong year thinks that if the deal is actually implemented well it could influence the policies of other e.u. countries i think the key thing to here will be. the actual action of the government will be if a government is in place with this platform so rather than the words written in the agreement i think we'll have to see whether this government. actually starts starts governing starts running the country and which policies it actually tries to put into action so this could have an impact on other countries both in terms of the rhetoric towards europe and in terms of specific actions. there's been a possible game changer in the script poisoning case a new report by german media suggests the burden obtained decades ago and that it

shared it with its allies the nerve agent was used in the incident involving former spy service cripple the u.k. blames russia for that attack claiming it was the only country that possessed the substance disbeliever again has more on the revelations. well the headline grabbing revelation in this german media report is that the german intelligence agency the b n d has handed a sample of the novacek nerve agent since the early one nine hundred ninety s. it was apparently brought over by a former soviet scientist moreover according to these reports the sample was analyzed in sweden and then it was passed on to germany's nato partners including the u.s. and the u.k. the german media investigation also says that this goes to show that russia has been producing novacek which is something that moscow categorically denies but coming back to the formula itself it appears to have been

a pretty badly kept secret earlier this month the czech president milan stehman said that the czech republic had produced and stored albeit a slightly different strain of the nerve agent to the one used in souls brave but nevertheless that country shouldn't be hypocritical about this. small amounts of money were produced in the czech republic we know well and we know where it would be hypocritical to pretend such a thing never. however politically moscow has been cast very much as the unequivocal perpetrator of the soul's bre attack to reason may said that it was highly likely that russia was behind the attack on the script take a lesson where i called soldiers about the identity of the culprits no other country has a combination of the capability the intent and the motive.