maybe you can i don't oh well i lost it when i don't know i got it by car yeah is a fake story it's a fake assassination but just like the story about tax returns that she was so excited like it's tax returns i have this tax returns and they should be paid thirty three million dollars in taxes that year and she's like oh i guess that's not so good i crawled on rivero when he the alco pones tomb that was the beginning of this fake news cycle he was ahead of the curve for all the yes that was like twenty years ago people might not remember that but i'm going to talk to a story about well in twenty years time again people might not remember this guy mike i'm a rube by michael route here is profiled i think it's the new york times is one of these big papers my crew has one million dollars in student loans how did that happen escalating tuition and easy credit have yielded a class of student loan borrowers with spectacular debt they may never pay back due to escalating tuition and easy credit the u.s. has one hundred one people who at least one million dollars in federal student

loans according to the education department five years ago just fourteen people that much more could join that group well the typical student loan borrower owes seventeen thousand dollars the number of those who at least one hundred thousand has risen to around two point five million nearly six percent of the borrowing pool according to the edge of cation department right and they know nothing about it they cannot mix when they go to these colleges and universities they study things that have no marketable after a college value whatsoever like philosophy or. art school but they are willing to take on a million dollars in debt so that they can enter the workforce find themselves at the mercy of the government's military industrial complex that will say hey we figured out a way for you to pay off your debt become a drone operator and kill people remotely in villages across the world there i mean i say this is quite multi-layered. first of all we do need dentists this guy mike

maroon is an orthodontist doctors perhaps we need lawyers who knows we need plumbers we need electricians we need. people who can make our coffee for us we need these sort of people and we need to educate and train them right so there is a need for this but have we gone about it in the most drange way possible we spent a lot of time just like i said about those squirrels they look really busy all day long running around trying hard to plant these little acorns that they don't mind lemurs take a million dollars a month to learn how to be a plumber not yet you know they're actually making hard money cash and they have a savings account and they're buying the eighteen percent debt of the student loan repackaged in their make and big bucks mess and these ridiculous debt mongers in fact the u.s. government meaning the u.s. taxpayer backs almost all student loans this happened under bush

essentially during the financial crisis and banks and when all these bad debts and when the subprime loans said and when the student debts the government took it on and of course what happened since the financial crisis is the debt to issue went up because the government is now backing the debt so everybody could take out unlimited amounts of debt this is something passed under then the collective stupidity in america keeps escalating yes even though we have paying millions and billions and hundreds of billions to in debt a whole generation of morons yes and of course many in our sort of a condom we value debt we think credit and debt are so there like that amazing coren this school has found it so good he's going to go bury this and make sure he find it later well of course in twenty five years time when these student debts expire this guy mike munro he owes a million dollars because he only borrowed something like six hundred thousand.

dollars to go to u.s.c. dental school medical school then dental school and. it keeps he keeps keeps building because he doesn't even pay anything down towards the principal he doesn't even cover the interest on the debt so. by law 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 year and you know if the government owns your debt essentially. in twenty five years time some taxpayers of the future will find his acorn which is a pile of debt that expires or collectively stupid and then they're going to monetize up by repackaging these stupid student debt bombs and then sell them into pension accounts that'll go to zero every time we say who i think of this viral video that's out there now the fluctuating kangaroo or

a few saying that but this kangaroo is flagellating and then it waves away the with it waves it away and actually it was brought to my attention by that a.p. reporter the in washington my only met only link to this flashlight and 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 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 a denser 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 depressed believe 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 pride. banks which had more strict repayment plans this is the packaging that they sold it to the american people were just trying to help people in a private banks charge morris general walker you notice that this is the opposite of the whole p.f. i have. 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 just opposite sorry but anyway whereas those jabberwacky i remembered a new word called debt walker debt whacker. well as dumb as a score oh that's what i'll say instead workroom squirrel and fluctuating kangaroos and lee much more coming your way after the break don't go away.

welcome back to the kaiser report imax keyser time now to return to south africa and speak with abraham cambridge of the sun exchange now after helping the company secure early financing several years ago i am now guys in this company the stock 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 cilla's tax on exchanges

currently as we 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 emerging markets particularly countries which are landlocked like moldova with energy natural resources other than some so 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 james mission is to enable anyone to go solar group in 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 point bonuses to anyone who owns a soda bottle we've been part of a some exchange so we can issue the sort of points to customers and they also range n.t.p. was we're hoping you would be now well just to apply this to this model it's of moldova so mostly moldova moldova has

a great demand for energy and without 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've got 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 global who platform to enable who anyone who is only going to work anywhere else in the world and you would he see 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 the cellar 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

efficiencies 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 what 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 that is a very significant it's isn't 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 own a solar panel they come because they don't own

a roof so the worsening change does need to anyone so now bodhisattvas out somewhere else on earth 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's been a true cost of going so that we reduce by three orders of magnitude equals more than ten thousand dollars to go. now people go so do it in increments 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 and 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 end 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 it actually takes 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 and separate the process and but as fortunately we're just now come 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 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 has 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 into motion 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 homeless and 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 currency income but krypto mining income 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 and start going to is picking up again i guess because we helped finance us 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 yes i mean plastics are a huge issue well 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 who are these factories capable of using one hundred percent recycled. p.c. the plastic i get that goes into making both of those so here's the thing that stopping this from a to b. simpler economy is the energy it takes to recycle those bosal so we decide. factory computer never plastics they manufacture drinking boats who opposes the detergents and they were 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 gardens that factory or is that really what we're trying to great we do believe in the 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 ways no 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 connex cochin just capital to these projects right there it's a money maker to be environmentally conscious because you're taking all of the what the corporations call the externalize costs and which is going into environmental pollution and degradation and it turning it into a positive income stream 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're actually on utilizing 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 is favorable and posted towards they what they own concern about is 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 keep an eye on but in terms of actually demonstrate to them what we've got at least and what you can do as an extent. this is being looked at very favorably 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 like network paying and writers to increase the frequency

and reduce costs on the payments we're making so it's all happening down here it's a group great history and it's driven by needs and the opportunity that comes from that need and that 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 he 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 in south africa this is news to me as

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 rad we all option last year's raise money for one of my solo projects. so it was a 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. we're going well fair enough well let's say good bye for now thanks for being on the show abraham came 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 reach us on twitter go to kaiser report until next time.

sanctions on the energy supply top the agenda. visits vienna on his first foreign trip since starting his fourth term as president. america's ambassador to israel gives some less than diplomatic feedback to journalists covering the i.d.f. use of extreme force against palestinian protesters in gaza. and the war of annihilation a damning new report from a leading rights group accuses the u.s. led coalition of potentially breaking international law as

a bottle to liberate the syrian city of iraq. last year. global news and views live from our moscow news q this is our to international my names you know neal good to have your company our top story love and we're putin said russia will work to strengthen ties with austria in spite of e.u. sanctions on moscow the russian leader visited vienna on tuesday on his first international trip since starting his fourth term as president right gusty of the details it's been an incredibly busy hectic day for vladimir putin between all the talks negotiations conferences and press conferences they talked about the whole

hoost of issues and themes that have worried russia and austria one of them being sanctions. motivated restrictions and protectionism these tools are resolving political issues are in the end useless in achieving the ultimate goal they are damaging for both sides and i think everyone's interest in lifting the sanctions russia are included we realize it is difficult for individual countries to voice and you know the reasons why however this doesn't stop us from developing ties with austria it can indeed be difficult to voice an independent position in europe on the sanctions against russia for a variety of reasons one of them being that the united states has kept up pressure in european states to keep the sanctions up another reason might be going against the flow of europe has an established position and the austrian chancellor himself said that as his country assumes chairmanship of the council of europe that he

won't rebel and lift sanctions against russia but he did admit that these are tough times and austria would do what it could to defuse the situation and he's being backed by other new european leaders. we will support opening up to russia which has consolidated. which has consolidated its international role in various political crises in recent years we will push for a review of the sanction system starting with those that risk punishing the russian civil society. another reason for this newfound eagerness to make up with russia could be the fraying relationship with the united states the unpredictability of donald trump washington has slapped new tariffs on european

companies on european goods and that has incensed leaders all over the continent so making up with russia could be not only of political but also a financial sense to take for example liquefied natural gas that the united states has been thrusting on europe that doesn't make much financial sense says the austrian president. recently there's been some let's call it reproach on the part of some american politicians who suggest that the use to dependent on russian gas but the fact it's been overlooked is that american liquid gas if i'm not mistaken is two if not three times more expensive than russian gas so it makes little sense from a purely economic perspective to replace russian gas with american liquid gas to be blunt there shouldn't be any expectation of sanctions against russia being lifted in the anytime soon over night or in the foreseeable future but what we heard today

as well in the in the weeks preceding this this meeting with these meetings is that the currents in europe shifting. well political analyst julie. thinks economic benefits should i'd weigh political motives you mentioned all you have to do when you're in the central utah you asked an expert to show russian prepared sound and we're going to. work on their economic crisis. for the rest of the important market we can restore. agreements. in this we. have problems. you're going to hear when. you know this. you say. this is the right moment for the restaurants to work it's. good for money relations with many countries in europe. continues over israel's use of lethal force against

protesters in gaza the u.s. is remaining on wavering in its support for its middle eastern like most recently washington's ambassador in jerusalem dished out some less than diplomatic advice to journalists covering the rallies in which since march at least one hundred and twenty palestinians have been killed. today. well the american ambassador to israel david friedman has attacked the media for what he says is failing to feed the cover the recent protests along the israel gaza border he said that when you have a situation of some forty thousand protesters storming the israeli border and the cover of burning tires and with pistols another tough cocktails that situation is unprecedented and he says that israel did the best it could and yet despite this

ninety percent of media coverage was biased and critical against the israeli defense forces the american ambassador did however can see. that some criticism against israel is legitimate now israel's position has always been to blame her much for the protests and the ensuing violence and this is a position that american officials have echoed a mosque terrorist backed by iran have incited attacks against israeli security forces and infrastructure and we understand that israel has a right to defend itself urged the members of the security council to exercise at least as much scrutiny of the actions of the hamas terrorist group as it does to israel's legitimate right of self-defense now despite the fact that american officials have come out in support of how the israeli army behaved in dealing with those gaza protests there has been unprecedented criticism in the international community particularly by human rights groups you have for example human rights

watch saying that the i.d.f. behavior was a bloodbath you have the united nations saying that it was outrageous you have amnesty international saying to quote that there was a horrifying use of live ammunition against unarmed protesters now the latest figures we have from the gaza health ministry are that one hundred and nineteen people were killed in nine weeks of violence the situation on the ground is still tense and unfortunately we are bracing ourselves for those figures to climb. journalist and filmmaker david sheen been documenting the racial and religious tensions in the region for almost a decade he told us he believes the u.s. ambassador's comments are part of a concerted effort to deprive palestinians of their rights. surely he's saying you can't report on any massacre doesn't matter the death toll goes up into triple digits or if there's medics or whatever journalists are being shot you can't report on any massacre unless you first frame it within

a narrative that justifies it. you know this is ridiculous this whole trumpy an attack everything is fake news unless you declare the narrative as we see it and i think it's pretty clear that they're overwhelmingly demonstrating that the israeli government isn't just trying to defend itself but is actually trying to destroy any idea of palestinian nationalism any idea of the chance that there could be some level some measure of equality. unless the international has accused the u.s. led coalition of committing potential war crimes during last year's operation to liberate the syrian city of raka from this law makes that the humanitarian organization safe there is strong evidence that american and its partners used indiscriminate disproportionate force and not the impact was catastrophic more not from us the seizure. this international report dubbed war of and they had nation

devastating tolls and civilians in iraq to syria is a very highly critical analysis of the airstrikes that were carried out by the u.s. led coalition that involved britain and france on the city of raka from june to october twenty seventeen in their fight against isis and this amnesty international report talks of decimated families and neighborhoods says that not enough was done to protect civilians and that some of the attacks resulted in violation of international humanitarian law and indeed talks of potential war crimes as a result of the these strikes the report finds that one hundreds of people died and thousands were injured despite the coalition saying they did everything they could to minimize casualties we did everything we could in our intelligence assessment. to minimize to the maximum degree possible any chance of civilian casualties.