financial crisis and what's going to happen to italy now my own experience of dealing with italy when i when they were still on the lear and i was working at a film sales 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 lear is 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 have and 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 it's luigi de dimaio 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 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 in debt of themselves into 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 truck 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 of 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 moveable feast of i.m.f. the e.c.b. kill and destroy royal bank of scotland ask maim torture steal kill for they might be bringing in a parallel currency it's 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 to want to end 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

a break much more coming your way so don't go away. across europe municipalities are taking their water supply back from private companies who. own even some company elsewhere they invite private companies to take over the utilities anybody tell us throw both . of us you guys you've got to buy them the going to. have been abuses. or you will deliver. locals are ready to stand up for the basic human rights of access to water it's about water but it's also over much more and more it's about a dollar and the redistribution of our west.

do you want our. twenty eight team coverage we've signed one of the greatest. but there was one more question and by the way who's going to be our coach. guys i know you are nervous he's a huge star and a huge amount of pressure you have to be the center of the beach. and do all the great. 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 say the review team's latest edition to make up a bigger. well

go back to the guys report imax guys are time now to turn to our homie marshall long he's an ode ga bit coin minor is now branching out into other crypto abbott 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 the times are good as any 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 starts trying to come for your money that's why you know you're doing some right here in mining and you're still mining 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 and can't couldn't at this the toshi roundtable 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. as under

over four cents per kilowatt hour for power cost 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 as a thousand dollar coin is highly inflated but there is some point a price for a coin that does in fact mining correct with your with your actual energy costs and as you point out you are 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 large 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 as 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 ice and 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 narrowly you know cost efficient that is going solar to do that to do the mining and the technology side on the chips etc the chinese company about. you know what give us a little pot is history of that whole story line that's 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 would specifically he got in a group a 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 is backed by 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. fish and you're becoming maximalist yourself but you know this fish is now on the radar and to full disclosure i think it was might have over some exotic drinks perhaps 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 flavor drinks with the few umbrellas later and you guys are now in 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 and we think that us is going to be the next kind of big push as far as the next tech revolution as far as blocks and is concerned so what we've roped into there is basically layman's terms of theory in two point zero but better i would say ok so competes with the theory i am in let's call it the smart contract space sure it's smart contracts to point to as well call you for a block change two point zero now we're getting to smart contract two point zero you know i'm a big claim maximalist you know i came to that after a few years realizing that you've got a really everyone is ultimately become a nationalist because this is the never going to be no one like big calling 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 big coin 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. they did a project called the kiddies tour which seemed like a clog 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 was that is a lot different it's more about it's more of a community driven force so the theorem you can mine and that's where all these bottlenecks come into place e.o.s. has a concept called block producers which is where e.o.s. 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 mouth is not sit on the sidelines and talk is it like. dash master now 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 a very project successful statement 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 except 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 into 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 right of course the bay coin. 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 as a promotion we saw this a burger king as well for 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 eight hundred crypto currencies and even you know mr myers got a trip to a currency burger king's got a cryptic seems to feed his first options for. 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 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 he 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 that's right fantastic so being the fashion forward thinking you know hero of the space that you are i see you're wearing the pickling socks of course pleased to give the audience a view that because i thought so what we have here are the exclusive limited

edition big socks very rare indeed what you can see is many different big queens 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 is the most is the lambo of socks that's right all right very good. well marshall thanks so much for being on the kaiser report thanks so much right all right well that's going to do it for this edition of the cause report with me most guys are stay here we want to thank our guests marshall 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.

so what we've got to do is identify the threats that we have it's crazy. let it be an arms race often spearing dramatic to follow only i'm going to exist i don't see how that strategy will be successful very critical time to sit down and talk. much if i do business in the system it's in the field in the street in the one nine hundred ninety s. . taking that a night and what does that have to do. is to just. push themselves from osama.

is a chemical plant least. through is the right. price runs. possible to make. the kind of future scientists prefer to see in context really. on the. human race. to free of g.m. and chrysler state would even be able to actually pass the points of never sent. i. i i i i. i. i i i i.

do high school shootings rocked the u.s. with one person killed in georgia and ten in texas after a student opened fire. here who. fears for. all of my book. was released from hospital in the u.k. ten weeks after he was poisoned by a nerve agent all those were about being revealed. an investigation is underway in cuba as to why a passenger plane crashed shortly after taking off killing more than one hundred people. and the party is poised to form italy's next coalition government and file

a political program that attacks some of the most entrenched policies. this is. turned deadly after two shooting incidents at high schools in the united states one of them was in the morning. this the other occurred later at night in georgia in the latest incident one person was killed two others wounded when an argument broke out in a school parking lot it happened after a graduation ceremony been held across the street earlier a massacre at santa fe high school left ten people dead and ten of those wounded. we started immediately barricaded 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 i mean it was really it was actually happening to our

school. several people down there but we got a. lot more coming up. here it is. not my friend got shot. and this is no one's won out everybody just started running outside and they think you know everybody loved him did you hear. here's where i think i let go of my. dad so if you. could 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. biggest. the santa fe shooter has been identified as seventeen year old student demetrius good sis he stormed the school with a shotgun and revolver court documents state that he didn't shoot people he knew and liked so that quote he could have a story told school shootings have claimed dozens of lives this year in the us with twenty eight to improving deadly of his students than it did for members of the armed forces that is thick show thirty one have died in sixteen school shooting incidents while there been twenty nine military casualties combat unknown come but since january of course that doesn't mean that schools are more dangerous than combat zone since the number of people in the armed forces is nearly fifty times less than the number of students a large part of the shooting victims come from the parkland massacre alone that

took place three months ago. we discussed the issue with international criminal law returning jennifer braden he says that it's 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 we're 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 that 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. former russian spy so your scruples whereabouts are being kept secret following his release from hospital in the u.k. you distort or you would have been to ten weeks ago it was after exposure to a nerve agent in the seduce old auntie's my guess dave 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 bailey had been able to leave a 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 all our patients day in and day out and stick indeed poisoned with one of the deadliest nerve agents in the world i mean a drop of which can kill. dozen people and he's out of ospital in mere months and miraculous almost thanks to 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 with the script well no maybe 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 who was poisoned with polonium who was dying not recovering who was in a horrific condition mr litvinenko was poisoned in the time by 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 hospital for any information please see the gov do you keep on the incident thanks very much i'm afraid this cripples

are not currently doing interviews but we will pass on your request and love your interest thanks nothing miss the script pal isn't available you know thank goodness he survived and recovered thank goodness the sended well both a pity isn't it that no one's actually seen anything. investigation is underway into cuba's worst there disaster in nearly thirty years cuban officials say one hundred ten passengers died when a boeing seven three seven came down shortly after takeoff from havana airport on friday it was said to be a hundred thirteen people on board including five children and six crew members soon after the crash local media reporter for survivors of the one was said to have died on the way to hospital three others are currently in a critical condition media reports that flight recorders have been found.

and they reportedly came down in a field not far from jose marti international airport was heading to the cuban city of holdren a cuban government's declared a period of mourning starting saturday until midnight sunday local reporter one has more. plane that was on a local flight from have an it will begin or begin on the northeastern side of cuba . tourist resort 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 we 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 hour tonight they'll be in a van 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

there are 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 president. was just been sworn into office he was there the minister of transportation was there everybody was there trying to help and figure out what happened it's a tragedy by all means a local flight a passenger flight that airlines had list from a mexican air company global air i understand is the name and on the crew was a mexican crew also. but a very very sad situation indeed a boeing seven three seven with more than one hundred people on board. the party's likely to become italy's next coalition government spearheaded by the five star movement on the.