he doesn't have to pay it after twenty five years it just basically expires so in twenty five years his debt will be two million dollars even though he's going to pay thirteen hundred dollars a month towards as ten percent of his income have his after tax income according to the law here of your you know the government owns your debt essentially. in twenty five years time some taxpayers of the future will find his acorn which is this pile of debt that expires or collectively stupid and then they're going to monetize by repackaging these stupid student debt bombs and then sell them into pension accounts suttle go to zero every time we say. i think of this viral video that's out there now of a fluctuating kangaroo or a few saying that but this kangaroo is flooded elating and then it waves away the with it waves it away and actually it was brought to my attention by a.p. reporter the in washington my only met only link to this flashlight in kangaroo so here's a guy who's in the press pool in the white house who has nothing better to do than

to talk about hockey and flashlight in congress. should you be doing your job maybe in the white house and tell us what's going on he's actually the best one in the way of the best deal he has five million and how did this stupid program and policy of trying to recover from the financial crisis by pushing the american people essentially into indentured servitude they go for twenty five years this guy has to give ten percent of his income really a throwback to my man and i got into the press compelling as i'm ok with most of mr murray's debt came from grad plus a program created by congress in two thousand and five every moved loan limits and allowed grad students to borrow for any expense including rent and other living costs the law signed by president george w. bush was intended to ease student reliance on private banks which had. more strict

repayment plans this is the packaging that they sold it to the american people we're just trying to help people in a private banks charge more if you notice that this is the opposite of the whole p.s.-i how they sell is they say the private sector is more efficient the government can borrow for a cheaper than the private sector but here they're saying the opposite they sold it could just offices sorry but anyway whereas jabberwacky. invented a new word called walker. it's. dumb as a score oh that's what i. am squirrel and fluctuating kangaroos and lee much more coming your way after the break don't go away.

effort will see clearly dollar.

by. the church secret indeed just like priests accused of sexually abusing children it can get away with it literally i like to call this the geographic solution so what the bishop needs to do then he finds out that the priest is is a perpetrator is simply moves him to a different spot where the previous standard is not no. the highest ranks of the catholic church conceal the accused priests from the police and justice system to that of as old as the eye and then i include attitudes to seattle.

welcome back to the kaiser report imax keyser time now to return to south africa speak with abraham cambridge of the sun exchange now after helping the company secure early financing several years ago i'm now guys in this company the sun exchange and they're working with the united nations development program to trial a plan to monetize solar energy that's right solar money you might call it welcome back ever ham is going to be back i can access already so let's talk some exchanges currently as i mentioned working with the u.n. development program on a pilot program to bring seller to the university of moldova so how does a judge success in this case like what are they looking at abraham then looking at getting a motion markets particularly the countries which are landlocked like moldova with

energy natural resources other than some has been the goal is to enable these countries to go so quickly and easily. and in markets where so industry is still rather immature of the design is just mission is to enable anyone to go sort of goofy and easily but we've also been working with the so when foundation since two thousand and fourteen so the electric chair group been issuing these so when bonuses to anyone who owns a soda bottle we caught up with some exchange so we can issue the sort of points to customers and they also range you n.t.p. we're hoping you would be now well just to apply this model it's of moldova so you see moldova moldova has got a great demand for energy and without that access to cheap whodunnit g.e. then development goals of it is one of the one of the key to the mechanism goals is to enable access to clean energy so you need to be but a very very strong interest in getting this model to be proven in eastern europe so

success for them is to have this program for the whole of the eastern europe potentially the rest of the world i mean. some exchanges system to be is this is a global platform to enable who anyone who has only been to anywhere else in the world and you he said right for those just joining us you know we've been talking about this for a bit now so as you point out anybody anywhere can get involved the solar energy business and derive an income from that seller energy. and this solves problems in areas that have no access to energy because they do have access however to the sun and so this is really creating a whole new market now the efficiencies in this are quite remarkable because if issuances encrypt zero are phenomenal you can stand pennies around using the crypto network it doesn't really cost anything to send pennies and the cost of solar energy is plummeting and so all the components of this business model the raw

materials the components the prices falling so this allows for that income to be generated cyr capturing something from the sun the sun the god the apollo god apollo is you know one another thing i was thinking about this abraham i'm curious what your thoughts are people talk about universal basic income and you know if everybody had a wallet attached to the sun every want to get an income from the sun yeah right that is where you think about it is are such a good point i mean the point is that most people who woke today live in apartments or rented accommodation so even if they wanted to destroy the planet they come because they don't own a roof so the worsening change does need to anyone so now bodhisattvas out somewhere else on a and we've broken down that ownership to a single so zone and you can lease now so it was over big somewhere else in the planning and an income for twenty years for me so it didn't cost to go in so that

we reduce by three orders of magnitude equals more than ten thousand dollars goes over. now people go so do it in groups of less than ten dollars and that's that's what we believe is that everyone should have the right to be able to access and hone his solar power and blow chain payments of a name about resolution and the speed in the transparency so this kind of business model to follow up on that point let's say hypothetically i am running the united states of america and i've got a multi-trillion dollar budget and i decide i'm going to allocate five hundred billion dollars to the solar and come and i'm going to get open up wallets for everyone beneath the poverty line i've now given some energy currency from the sun into the pockets of millions of people at a cost effective rate correct yeah i mean actually take three hundred fifty billion dollars to provide basic electricity access to every single person in africa and

that's six hundred fifty million people who don't have access to power so. globally three point four trillion dollars has been placed into clean energy today that's from institutions and individuals so the monies that we can sort of power the planning if we want to be just lacked the platforms in the mechanism through which to do this in excel or even process and but as fortunately we're just now coming to fruition and while you've been growing your company china has basically driven the cost of solar down tremendously. can you give us some breakdown on the cost of setting up a solar operation let's say in mild or wherever yes so we're looking now at the installed price who walks in below one dollar what we did who are looking probably now down to maybe around eighty cents a walk which is completely unprecedented now you can now completely unsubsidized the plant in a country with no tremendously brilliant sort of conditions and it's to be

completely commercial commercially viable i mean the projects that we're hosting here in south africa we always talk around eleven percent are zero or ten to eleven percent. our own projects such as the one with is about who are not open now and then as we would hope to achieve in a limited markets as are so so prices continue to come down to see the not always so the price of the whole of the solar installation cost is coming down there are some aspects prices go up such as the actual labor and installation costs some of the copper in the cable in those costs do come up so it's not a completely rosy picture for the whole isn't so sector but food should be the most expensive art being the solar panels that eight have continued to come down is as a kick in right now remember last year we were talking about the possibility of plugging a crypto miner into the stat work for i think start going away we're talking about at the time where he could plug a start point end or a minor into what was happening on this platform and not only generate solar

current see but crypto mining and com i don't know how far along we are in that discussion but i'm hoping to revisit that sometime in the next few months because interest in the start line is is picking up again i guess because we helped finance this back a year ago or so out there start showing so there's a lot of synergies now on your blog you recently pointed out that shining a profitable light on plastics on enter exchange announces an opportunity to earn from solar power south african plastics industry can expand on that yet plastics are a huge issue white i mean they're literally people who clean up our rivers and oceans but the beautiful thing about plastic is it doesn't actually last forever it can be reused so there are factories that manufacture plastic bottles and all these factories capable of using one hundred percent recycled. p.c.

the plastic i get that goes into making both of those so who do you think is stopping this from a to b. simpler economy is the energy it takes to recycle those bottles so we decided. factory computer diary plastics they manufacture drinking boats who opposes the detergents and they grow to be about fifty percent recycled plastics into that mix we're hoping that by shining a light on this bit that we can and we encourage that their customers to demand one hundred percent recycled. plastics going into going down factory or is that really what we're trying to great we we do believe in the triple bottom line social environmental and economic that's what all of us in exchange projects are about we believe it is possible to make money and do good same time there is no way it's not one of the other and in fact is going to be the on the other side you actually prefer to make more money by being more. environmentally conscious and i'm just connects conscientious capital to these projects right there it's a money maker to be environmentally conscious because you're taking all the what

the corporations call the externalize costs and which is going into environmental pollution and degradation and it turning it into a positive in constrained how is the south african government reacting to cryptocurrency and block chain innovation what's the regulatory framework like. the local municipality here's an argument very very post about sun exchange they're very supportive of what we're doing because it's about use case you know we actually are going to wise in this technology for good we can even direct foreign investment into south africa providing energy instead of energy and would reduce energy cost of businesses be joining the economy upwards and braiding creating jobs in south africa for installing solar bombs we've created i don't know how many jobs with training people how to install the maintenance on the pumps this is happening so it's actually amazing use case the government is capable and posted towards they what they are concerned about is that is some of these schemes and and period schemes they're always going to happen but not just encrypts

a bit don't you know fashion money as well so those things people are going to have to be put on our concerns about to demonstrate to them what we've got could be and what you can do as an exchange. this is being looked at very very carefully how about the tech talent in south africa have a rich source of local talent to draw from yes this is amazing i'm here and he's in cape town and here we've probably go three four different businesses including leighton lapsley who could write and and or did very small contracts in jo'burg where our tech team is based we have two three blokes in engine is up there now sorted into training our will is systems our smartphone tracks and exploring and testing like being paid by the network painted rails to increase the frequency and reduce costs on the payments we're making so it is all happening down here it's a group great industry and it's driven by needs and the opportunity that comes from that need and it is an amazing organization. who we think code which

produces some of the brightest best talent in coaches and we've got to have one of the one of the best students now working with us full time to be on track and it's just amazing to have such great resources available to us down here to her last talking to new owner hood as a trainer from south africa he's a south african and i sent him the press release about us becoming advisors to stock exchange she was very excited said he knew your company very well he suggested we all have a made up down to south africa he said he'd wear a speedo yes and this naked called and saying oh a bar i don't know that he's famous for that the south africa this is news to me is ran nooner actually famous for doing naked pole dancing in south africa do you have any insight into that i don't know i met rand we all option last year to raise money for one of our solo projects at a time so it was the future he came down to watch that he was wearing clothes. ok

potable and it is winter right now so. i wouldn't recommend budgie smugglers and i'm pretty wet at least. he wore the same time well fair enough well let's say good bye for now thanks for being on the show abraham cameras from the sun exchange thanks very much well that's going to do it for this edition of the kaiser report with me max geyser and stacy herbert like to thank our guests abraham cambridge of the sun exchange if you want to raise us on twitter go to kaiser report and it's a life time.

for man or sitting in a car when the fifty's get shot in the head. for different versions of what happened one of them is on the death row there's no way you could have done it there's no possible way because the illness did not shoot around a corner. radially reinforced rammed earth bricks is what they really are. this more than seventy houses about one hundred forty people with families living.

it's really a way of forming steam in. the sun's coming in and heating the house in. walls. is the natural environment here. using the plants. we create our own little. to. no.

good. for. president heads to vienna today on his first official trip since beginning his fourth term in office ahead of the visit he had a pretty fiery interview with. the. convention this christmas concert with the president. of the world this morning germany is accused of turning a blind eye to corruption in the country's refugee agency. america's former top spy justifies u.s. intervention in for an election saying it's being done for the good of the people coming up that we analyze the facts behind that statement. the next mission the international space station prepares for a big launch tomorrow. head of the liftoff.

good morning kevin owen here in the hot seat r.t. international this morning just turned eleven o'clock moscow time first than in this tuesday mornings round president putin has to make his first international trip after reelection he's expected in austria later in the day where he's too to meet the chancellor sebastian kurtz senior correspondent word gal's day of explains the importance of the meeting coming up. there is a wind of change blowing through europe or perhaps just the breeze but on the eve of blood to me a putin's visit here to vienna the austrian vice chancellor comes out and calls for and then the sanctions the sanctions have damaged our austrian economy above all else and i've always warned against pushing russia into the arms of china is high

time to end these painful sanctions and normalize political and economic relations with russia not exactly shocking not these days a lot of the austrian chancellor himself came out and called the u.s. and reliable in that regard making up with russia might counterbalance things such as friends allies washington imposing tariffs on european goods a move that essentially began a trade war. so now we will also impose import tariffs this is basically a stupid process the fact that we have to do this but we have to do it we will now impose tariffs on harley davidson motorcycles on levis blue jeans and borgen we can also do stupid we also have to be this stupid the logic here is that by normalizing relations with russia europe would be better able to deal with washington the idea

is that the united states would behave itself properly we also need russia to solve problems i mean we exclude russia from the g eight now the problem is that the us is falling a policy the other six do not want perhaps russia's return to the g. eight would be a counterbalance and allow for counter policy but politician say whatever suits them doesn't always translate into action it seldom does if anything and it's difficult to imagine that god can join and ponderous european machine changing tracks overnight or if you. to be difficult to imagine we have to reconnect if i'm not very happy about the state of our relations look forgetting what our differences on the streets are but. has to be brought to an end well be u.s. e.u. relations are taken some major blows recently trump says detects the iran nuclear

deal was slammed by european signatories and then there's the relocation of the us embassy in israel to jerusalem also cause big consternation austrian freedom party m.p. johannes holden and told us that russia and europe on the other hand have some common interests these days puts as well as they do you know exactly what the game is the american game in europe and what is in the advantage of austria and what is against austrian interest they know this and the know we have no conflict of interest at all with russia europe has no conflict of interest at all is russia the only conflict is an american russian conflict and this is leverage through europe so everyone knows to steer clear from being used by a certain european power against russia is against their interest so that's what they know the only question is now. how far they will dare to go

what allies they will find in europe and of his visit to vienna president putin spoke to an austrian t.v. channel that interview was so firey could say at some point that putin even to switch to german to get a worded. it's just the rhythm the very stiff we need to know to move to motorscooter to return tricia's to contribute to the discovery of the boom that the little what it. means to you didn't. do anything this causes cancer of the things a bit of the president a little seems to think that he's not so good yes he's just a scoundrel but the whole i'm sitting. here just can't. believe he said being really tired of this observation i learned i mean how do you know. you slip up somewhere to think of the weight of a person or despite they did manage to touch on some important topics like the north korea crisis he also gave a detailed reply to accusations of russian meddling in the us presidential

elections in twenty sixty two. because you just said that mr proposing is referred to as putin's chef and indeed that is his job he is a restaurant owner in st petersburg because i'm what do you really think that a person who is in the restaurant business even if this person has some hacking opportunities and owns a private firm in this field could use it to sway elections in the united states or european country could it be that the media and political standards in western countries have reached such a low level that a russian restaurant owner can sway voters in the european country or the united states isn't that ridiculous. if you spoke with there is such a person in the united states mr soros who interferes in affairs all over the world and i often hear from my american friends that america as a state has nothing to do with his activities i mean there are rumors circulating

now that mr soros was planning to make the euro highly volatile but experts are already discussing this it was asked the state department why he is doing this the state department will say that it has nothing to do with these activities rather it is mr soros private affair with us it is mr precocious private affair with this is my answer are you satisfied with it was the quid. there's a limit on it i do not even want to think about it it is a dreadful thought i think this road the road towards the denuclearization of north korea should be a two way road if the north korean leader is backing up his intentions with practical actions for example giving up new tests of ballistic missiles new nuclear tests then the other side should reciprocate in a tangible manner and in this connection i consider it counterproductive to continue military activities military exercises and everything that is related to

this i very much hope that the situation will move forward in a positive way. and you think you see it is not our aim to divide anything or anybody in europe on the contrary we want to see a knighted and prosperous european union because the european union is our biggest trade and economic partner the more problems there are within the european union the greater the risks and uncertainties for us the mere fact that our trade with the european union countries has dropped by half from over four hundred billion to two hundred fifty billion speaks for itself why do we need to see a further drop why rock the european union in order to suffer further losses and incur costs or missed possible benefits from cooperation with the european union on the contrary we need to increase cooperation with the european union if we work at all or work more intensively with some than with others and we proceed from purely

pragmatic considerations. if you just said that there is proof accepted by everyone that assad used chemical weapons well not by everyone our experts think differently for example let's look at the alleged chemical attack in the city of door models which are the reason given for missile strikes against syria look the syrian troops liberated that area but we immediately suggested to our partners that the o.p.c. w. commission go there it is a un unit the organization for prohibition of chemical weapons but instead of waiting one or two days and allowing the commission to work on the site a missile attack was launched on syria tell me please is this the best way to ensure the objective of t. of what happened there i do not think so i think it was an attempt to create conditions that would make it impossible to investigate thoroughly that is what it

was you. just said that there is proof that militants used chemical substances who punished them have they received any punishment did the coalition an attack them immediately i did not see anything like that because. germany's refugee agency is being investigated for corruption it's accused of offering bribes for asylum chancellor merkel is now also being dragged into the scandal too with claims that she was aware of the problems but did nothing to reform the organization or your correspondent peter all of the picks up a story as the cash for asylum investigation into the german federal office for migration and refugees all on japanese speed public focus has turned to the german chancellor angela merkel and what she knew about the agency's problems its former head frank here didn't face gave an interview to a leading german sunday tabloid and which he said he held.