company so we had a lot of distribution of hollywood film sold to italy is they kept on devaluing the lear and then they would come to us and say we need to renegotiate this deal because the layers been devalued by twenty percent overnight so we always had to renegotiate because they had no money so how have they been able to sustain economically in the euro zone when it's all basically the do each mark they're competing against well they haven't you know they're forming a government they're trying to form a government they were supposed to form the government by the time we've come on the show but they haven't so you know the five star movement that's kind of the left wing movement grillo used to be the head of it now is luigi de mio and then the northern league which is the far right with very anti immigrant and very far right northern league they're trying to form a coalition government but one of the things on the on the table is actually a parallel currency for italy and the thing that's remarkable about this is

that there's actually a lot of print media about this leading up to the election so from the last year like all the major parties of italy bar one which is the five star movement wanted an alternative currency parallel currency to the euro an order to bring liquidity and credit into the italian market because nobody wants to lend to them we've seen this movie before it's called greece yes they went through the exact same thing for the exact same reason that they had an inflationary boost once the euro was introduced and then they got the trouble because they were borrowing money at the same rates as germany and they instead of themselves into a crisis and now that's moved over to italy now of course italy want to do a parallel currency just as greece wanted to do a parallel currency and steve kean was on our show talking about that extensively they could have backed up by silver it could have been the new drachma who got involved the i.m.f. the e.c.b. and the e.c. the troika stop that from happening because they're in the business. killing

countries for the benefit of hedge funds like john paulson italy as they speculated back five or six years ago would be the next feast on the never ending movable feast of i.m.f. is c e c b kill and destroy royal bank of scotland ask maim torture steal kill for they might be bringing in a parallel currency is probably not going to happen with this administration if they are able to form a government but the fact that all the parties there want it want to and the population wants it does suggest that there is either the end of the euro will ultimately end the euro or it could inspire other countries to start doing it across the are the ones that aren't receiving any of the credit flow but the i.m.f. doesn't want it so it won't happen well we've got to go to break much more coming your way so don't go away.

we have to judge countries are shown to me there's a directive. so we need more objective but the reality is. you know media tries to give the facts but most will leave. their worldview so this is where social media and direct communication comes in unfortunately it's sometimes called fake news or sometimes you. but it's sometimes actually

a different world view than the fact they just fake news by our fourth people. across europe municipalities are taking their water supply back from private companies to me to peep out the cells with simple song alone even some company else where they invite private companies to take over the utilities anybody tell us throw up the laxness you guys you got to be a violin the going to go buy been pieces of us to quote them out. of more use than bill bill if bill brought up locals are ready to stand up for the basic human right of access to water it's about water but it's also over much more than water it's about to hurt and the redistribution of our west works on their date downwards do you want to.

well go back to the kaiser report imax keyser time now to turn to our own me marshall long he's n o d g bit coin minor is now branching out into other crypto abit as including ios dot fish we're going to learn about that in just a few moments marshall welcome to the kaiser report they so much max good to be here good to see you oh yes fantastic you know we have been you know part of this cryptic community for a number of years now and we've seen all kinds of ups and downs and crazy kind of trends and we're at a moment now in history where the jurassic park old guys like charlie munger and warren buffett are weighing in with their comments and according to them you as a crypto currency trader and miner are dement who harbors baby brains how do you

respond to these charges well you know dinosaurs have to die sometime so i guess now sometimes goes in five or six years ago you know the trolls that would come and try to kid is the crypto community being involved in something that was awful of course they were low level people living in their basement it's very not that billionaires coming out after us jamie diamond i think that's got to be a good sign i think that's the only sound we're looking for at this point when that when the old grey haired dude started trying to come for your money that's why you know you're doing some right you're in mining and you're still mining of course ok and morgan stanley recently claimed that big coin miners lose money on bitcoin under eight thousand dollars per coin now we talked about this in cancun at this the toshi round table and of course you're one of the established miners out there and we saw this pick your brain a little bit here what do you say to that statement i feel like those people are incredibly undereducated and use a very western sense of what costs are in general we don't find any. under

over four cents per kilowatt hour for power cost or cost is a big driving factor in what they would call the price of production and their projections are very over exaggerated however that's just because they don't know what you can get power for when you sign deals with other government bodies so it's a thousand dollar coin is highly inflated but there is some point a price for a coin that does affect mining correct what you're with your actual energy costs and as you point out you're always looking to do deals with various governments a lot of governments have excess energy capacity they're looking to unload so for them it's a win win right they just they would not use energy anyway and so you're out there scouring the globe for energy so now it's energy efficient sure if there's a surplus why not use it to secure a block and i mean this idea that big bitcoin is energy inefficient right there is one reason why it's not no other reason would be that well compared to what not compared to the dollar right i mean all the energy the dollar the pentagon all or

about gold now if there's a surplus why not use it for mathematically provable security instead of some stuff that they're doing around some u.s. funded basically terroristic activities right the u.s. dollar is takes a lot of energy to make us dollars are backed up by the military and the phrase you keep getting in there mathematically proven mathematically sound mathematically. you know immutable right it's an immutable tradeable value over the internet let's talk about this discontinued response to the saul idea of mining being you know in the ecological disaster i'm thinking about iceland these geothermal energy so that's just come or it right out there and it's literally the pump up that's that's where it's coming from so it's all from volcanic activity underneath steam powered a lot of the stuff in iceland also big countries like sweden they're closed off from the rest of you as far as their grids concerned not a lot of people live in sweden but there's

a lot of power in sweden so you know some of the top. five miners are in sweden now . also there's a lot of stuff like cambodia and all these other places that aren't densely populated there's just extra power that they can't do anything with and now with solar coming out there's a whole other new demand dimension that you know power used to be consumed a lot during the day because of the heat now solar panels are more efficient during the middle of the day so the power curve has changed solar electric power is the cost is dropping down down that a some particular like a microchip is just becoming a very short nearly cost efficient to do it to do the mining and the technology side of the chips etc the chinese company about. you know what give us a little pot is history of that whole story line that been going on sure so you know most of the six come out of china there are a few exceptions however these are the people who specifically he got in a group of very early around the same time i did and he had

a really big appetite for risk and took some big risks to make help make one of the first mining chips and that's where they cut their teeth and now you've got big companies like intel samsung all these companies coming out with prototype chips and they're not as good as jihan stuff in fact just because he's been in the game doing specifically crypto related chips for so long nobody can touch him at this point right and people suggest that there's a potential to monopolize the mining. with those guys but is that a fair statement are not really at the end of the day the brains behind the operation are employees and employees move from company to company and you see a decentralization of employees over the technology so there's always room for improvement and when the brains kind of get dispersed to different companies you see it in centralization effect there right now if people argue that because it's backed by nothing and you know mining is the energy intensive right so there's a direct connection there there's one hundred percent correlation between how secure your block chain is and how much power you burn for proof or coins right.

back by way it's backed by the security that you use your burning power to secure your chain and that's what his bank backed by energy that's it and. why this is a loose of the folks not exactly sure but let's move on to your next chapter in crypto life so you've got those fish and you're becoming maximalist yourself but you know this fish is down on the radar and two full disclosure i think it was minded over some exotic drinks gratis or was maybe was puerto rico i can't remember exactly when or how but now max and stacey aren't fish and did what if you got us into a few flavored drinks with the few umbrellas later and you guys are now in the us to fish so we feel like big point is cool and all that but that was just chapter

one in the crypto story theory i'm going to push the envelope a little bit further we think that us is going to be the next kind of big push as far as the next tech revolution as far as blushing is concerned so what we've roped into there is basically layman's terms of theory and two point zero but better i would say ok so competes with the theory am in the smart contract space sure it's smart contracts two point zero is what we call you for blocking two point zero now we're getting to smart contract two point zero you know i'm a big climax to molest you know i came to that after a few years realizing that you've got a really everyone is ultimately big climax allies because this is the never going to be no one like they call and it's got the. pedigree and the thrust in the market to do it it has to do but. it can can live side by side sure and they serve different purposes you know you know as you can think of as kind of

the operating system and you can think of big point as more of. the hardware behind it because bitcoin is is is a great project and it's very widely adopted and theory and even is having trouble getting to that point and us is more about the software layer and the two point zero what we used to call the web two point zero things like lift and these kind of companies are now the three point zero version this is kind of what us can enable to go. on the scaling side of things you know and. they did a project called crypto kiddies which seemed like a clogging up very quickly. would this be a little more robust it can handle a lot more volume a lot more transactions and the way that it knows that is a lot different it's more about it's more of a community driven force so with the theorem you can mine and that's where all these bottlenecks come into place us has a concept called block producers which is where us to fish comes in but it's more

community focused because if you mess up then the community can vote you out of you being able to be a block producer so that's a big part of what makes us great is that the community decides who gets to kind of do what they want and they vote with their with their tokens at that point so it's put your money where mt is not sit on the sidelines and talk is it like. dash master ned it's similar except there's more power to the stakeholders and us ok and it's already like the number five going to market cap that's right and there may not have been even launched so right and dan maher is kind of the guy was also with chairs and steam it. got to be very project successful steam is you know paying people now to post content to the web now where you see a story that facebook is thinking about coming out with a trip what does that tell us what goes through your mind it's interesting because

you start to see. a polarization. you'll see you've got the big old gray haired guys from wall street saying they hate crypto and then you have big companies who basically run those old guys saying no we're going to also use it so now you're seeing the split again which is quite interesting as far as big companies getting in the block chain it was inevitable has a lot of efficiency advantages as far as how they're going to use that i think is way to be seen in the adoption rate. we'll see how she goes i guess. of course a big point. of bacon back point and now this is i mean most delicious of currency i mean this is obviously is the company is saying block chained to a promotion we saw this a burger king as well does this take away from the space or doesn't is meaningless the reason i mention it is because someone like a peter schiff will say there's eighteen other crypto currencies and even you know mr meyers got a trip to a currency burger king's got a cryptic seems to feed his first option sure talk

a little bit about why that's proper probably wrong so in general the great projects will stand out and the silly projects will just fall by the wayside and the silly projects are what feed the trolls to be able to have more fuel to come back out and so i think in general the products that are worthwhile will continue to outshine the rest of them and the ones that aren't worth anything will just fall by the wayside eventually yeah i remember seeing a video of peter schiff with a combi which is a gold card that you can break off into your grand isle candy bar and he's saying you can he's out of the store to pay for stuff now that's obviously doesn't scale very well but you could just use a trip to cars on your phone and bill thing that was just like old so i don't have to carry around forty pounds if i want to buy a car or something right. all right fantastic so being the fashion forward thinking you know hero of the space that you are i see you're wearing the pickle and socks of course pleased to give the audience a view that because so what we have here are the exclusive limited edition big

socks very rare indeed what you can see is many different big quins on the socks going right into the shoe these are indeed very limited and only acquired by the true corners really indeed indeed like guns a little private keys are sewn into the fabric were not a lot of talk about that at this point it's the most it's a lambo of socks that's right all right. well marshall thanks so much for being on the kaiser report thanks so much max all right well that's going to do it for this edition of the kaiser report with me max geyser stacy every want to thank our guest marcia long miner and now with ios dot fish and you can catch that on line. dot fish if you want to catch us on twitter it's kaiser report until next time.

the war zone you on the idea that dropping bombs brings us to the chicken hawks forcing you to fight the battle. to stop trying to tell you that the big gossip the tabloids but. i'm telling you. like. all the hawks that we long for one. in twenty four you know bloody revolution of. the demonstrations going from being relatively peaceful political protests to be creasing the violent revolution is always spontaneous or is it just no war here i mean your list book video. is out i knew scrolling needle the former ukrainian president recalls the events of twenty four g. and. those who took part in it invested over five billion dollars to assist ukraine

in these and other goals that will ensure a secure and prosperous and democratic. united states can always. tools to use and it's a tax on other countries. economic sanctions are often just the beginning another thing you like to do is play some military press around the countries and 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 head. and we need to make rules for the rest.

because without us there would be. headlines this to high school shootings rocked the u.s. with one killed in georgia and ten dead in texas after a student opened fire. loom. and it was going to the leaders for it and i let go of my book. former russian spy sergei scroope owl is released from hospital in the u.k. ten weeks after he was poisoned by a nerve agent although his whereabouts haven't been released. and an investigation is underway in cuba as to why a passenger plane crashed shortly after takeoff killing more than one hundred people. over here and the departing spoils to form a sleaze next coalition government and veil a political program that attacks some of the used most entrenched policy.

hello the world and you watching at international this saturday were just gone six pm here in moscow there will start with a news though that militants have attempted to attack the orthodox cathedral in the capital of the russian republic of chechnya two policemen and one civilian have been killed while two other officers were injured all attackers were killed by the authorities they were said to have been armed with knives and molotov cocktails conflicting reports claim up to five militants were involved in the attack the cathedral is the only author docs church in grozny which is the capital of a region with a majority muslim population. another use friday turned deadly after two shooting incidents at high schools in the united states one

in the morning in texas and the other later at night in georgia in the latest incident one person was killed and two others were wounded as an argument broke out in a school parking lot it happened after a graduation ceremony held across the street earlier a massacre at santa fe high school left ten people dead and ten wounded. we started immediately barricading the door as soon as we got in the classroom i mean a couple fellow classmates were trying to calm the girls down because they were just crying bawling you know it was real it was actually happening to our school. several people down there probably going to. see is no one is one out everybody just started running outside and you know everybody in the. you. know the

fears like. so what you. would see like maybe he wouldn't do this again. the information contained in journals on his computer and cell phone did he said that not only did he want to commit the shooting but he wanted to commit suicide after the shooting. that. this is the. this is. well the santa fe shooter has been identified as seventeen year old student hit in court says he stormed the school with a shotgun and also a revolver and later he surrendered himself to police court documents state he

didn't shoot people that he liked so that quote he could have his story told several homemade bombs were also found at the scene and that the suspects home to just four weeks ago santa fe high school students did take part in a nationwide walk out against gun violence that was part of the never again campaign for tougher gun laws started in february by survivors of the parkland massacre that was the third that this school shooting in u.s. history but such incidents have become a disturbing trend. well we discussed the issue with the international criminal law attorney jennifer and

she says it is easy to over simplify the problem of gun control you know we have one side going for more mental health issues screening wanting to protect that and the other side we have just gun control in trying to demonize things like the n.r.a. and i think there are aspects to both you know there are these gray areas which in america were sort of losing when it comes to these political talking points so i think there are some gun control issues that i do agree with for example you know allowing american citizens to hold firearms and to carry firearms was a self-defense method meant to protect against against an attack on a stick government a government to become oppressive against the people and that was to protect our families and self-defense they never considered assault weapons as part of that self-defense or some of these mass military grade assault weapons and so we're also looking at families absolute failure to protect their children their young ones who are who might have issues the parents would know best from getting a weapon that could kill people when the parents have the responsibility there we're just looking at

a lack of responsibility on many aspects in us society here. now the former russian spy suitcase going to pounce were being kept secret at the moment following his release from hospital in the u.k. he and his daughter yulia were admitted ten weeks ago after exposure to a nerve agent in the city of seoul on his murder against the if has been following the story. it isn't just the british we all love a story that ends well screwball case that was an ugly business a disgusting inhumane assassination attempt that thankfully failed it is fantastic news desk serug a script pal is well enough to leave salisbury district hospital that he yulia and detective sergeant baillie have been able to leave or soon after coming into contact with this nerve agent is thanks to the hard work skill and professionalism of our clinicians who provide outstanding care to our patients day in and day out

fantastic indeed poisoned with one of the deadliest nerve agents in the world a mere drop of which can kill a dozen people and he's out of ospital in mere months miraculous almost that anxious for the good doctors this is a remarkable turnaround is that for us a remarkable recovery really it's amazing it's incredible how they were able to recover the public wants to see their hero as he leaves the hospital is that the scribal know it may be him no wait there's our man. old photo there's nothing no photos no videos of him leaving the hospital but it's also strange strange because the british government was ok with taking photos and giving access to alexander litvinenko and was poisoned with polonium who

was dying not recovering who was in a horrific condition mr litvinenko was poisoned in the pine bar of the millennium hotel in mayfair in central london in two thousand and six and here we have missed the square pal who is far as we know no one photographed at the hospital we even wrote to the foreign office of the police the last. buttle for any information. gov door. on the incident thanks very email i'm afraid this cripples are not currently doing interviews but we will pass on your request and log your interest thanks nothing miss the screwball isn't available you know thank goodness he survived and recovered thank goodness we sended well but a pity isn't it that no one's actually seen anything. but outcast the affair now an investigation is underway into cuba's worst air

disaster in nearly thirty years more than one hundred people died when a boeing seven three seven came down shortly after takeoff from havana on friday there were said to be one hundred ten people on board this plane including five children and six crew members soon after the crash local media reported for survivors although one was said to have died on the way to hospital three of those are in critical condition the jet's black box flight recorders have not yet been recovered but the plane reportedly came down in a field not far from jos a marty international airport it was heading to the cuban city of holguin the cuban government declared a period of mourning starting from saturday until midnight on sunday local reporter one hundred has more details. plane that was on a local flight from have an it will begin on the northeastern side of cuba. tourist resort but where lots of cubans live. we heard a bang then there were

a lot of ambulances and police rushing by and when we came out here who could see smoke. there was a bang and a column of smoke then we sue police cars and fire brigades passing by. we've been told that the families. of those who lived in olguin of the victims are being ferried are being brought to have an eye tonight they'll be in heaven or helping in the identification of the victims the three survivors are women and are in hospital one of them was being operated on the others are being studied their cases being studied we don't know yet but we will know soon. they have promised a full investigation top cuban authorities were on the side on the scene of this tragedy the president himself precedent. has just been sworn into office he was there the minister of transportation was there everybody was there trying to help and figure out.