care to go broke three years earlier than expected trustees say in twenty seventeen medicare covered fifty eight point four million people eighty five percent of them seniors at a cost of seven hundred ten point two billion dollars very poor also showed that medicare is total cost will grow from three point seven percent of g.d.p. in two thousand and seventeen to five point eight percent by two thousand and thirty eight so the year it's going to go bankrupt max yes twenty twenty six just when you qualify for this state run a fish and more efficient french like health care insurance policy that. i have thought the devil you know i've been trying to stay one step ahead of the devil my whole life the american collapse that everyone a born after me unfortunately is going to be horribly. treated by the progressively surveillance. state and gulag casino the phrase that i used to go

like to see this gentleman said that there's no new name for this rich new american poverty that's being invented i coined the phrase i call it the casino gulag yes that is a new eyes to see this right so they're going to take my medicare away from a just in time so all the money i paid into it all these years is going to go up in smoke it went to the military it went to don rumsfeld or to the twenty trillion dollars that the pentagon lost under the rug so where they can't find it and so that's partly my money that they are using now to you know buy chateaus and so it's alone and have a great lifestyle in europe not in the front end but all america and finally trump orders immediate steps to boost coal nuclear power plants as a matter of national and economic security so president donald trump last week directed energy secretary rick perry to take immediate steps to bolster struggling coal fired a nuclear power plants to keep them open calling it a matter of national economic security so we've just said the basics of life and one of them of course you need energy you need heating or air conditioning or the lights. and in your house and now because it costs more to provide electricity

through coal or nuclear power then wind or solar or gas well now he's going to force us to take his buddy's coal provision well this is a great example of how capitalism a should and should not be played right so in capitalism is what are the losers now in this version of capitalism the winners are the legacy coal industry that are going to keep their jobs despite the fact that there is solar energy that would create millions of new jobs and transform america into a legacy away from fossil fuels but those are the losers so the innovators or losers the new people who are going to jobs are losers the people who are now in student debt are losers the legacy of coal guys are the winners the legacy or oil guys are the winners the legacy old central bankers are the winners innovation youth dynamism the constitution the bill of rights these are the losers in this american this version of america i'm while i'm waiting for the collapse i look

forward to the end of america i give it thirty six months and then we'll see something new and that's the way it works thank god. stating that i could have a lot more going. for a world cup twenty eight team coverage we've signed one of the greatest goalkeepers of all suck but there was one more question and by the way who's going to be our coach. you guys i know you are nervous is a huge star among us and the huge amount of pressure come out you have to tell me that eighty percent of the shuttle we're with you and you go all the great britain you are the rock at the back nobody gets past you we need you to get down doing let's go. alone and just i want to you know and i'm really happy to join for the two thousand and thirteen world cup

in russia meet the special one i was also. needs to just take the radio theology teams latest edition to make up a bigger need to just say look. my uncle the kids compensate the boy tonight. even though they think. it's not. going. to. move on which i didn't get showed up to move this because of who i'm listening to didn't show up on my last.

does not so much because i was it was a constant that he was you know how many others. welcome back to the cause report i maxed out of time batting out to toronto as speak with christian star ca of eck what bad christian welcome to the kaiser report yaks it's an honor to be here already christian. is described on your website as quote securities on the block chain what does that mean it's a hot topic if you watch the news these days it's all over the place except people called them security tokens and we figured we'd given that that's a great idea let's make it you know into a real blah chain so it would be that is the proof of work bart train using the

shari. i know you're familiar with and and essentially it's it's open source crypto securities protocol that allows anyone to issue or three securities on the block right so tokens put all kinds of stuff on the block. and a lot of people question how is that really necessary to do that so in the case of black cheney's role in your case in terms of dissenter mediating depositories and transfer agent so there's two major companies in the space as a doowop play aqua bit is now set to disrupt this multi hundred billion dollar business correct those correct to be we are going to your building and we're actually launched it definitely on june first a peer to peer crypto securities protocol so it is something that anyone can come and use and thereby decenter mediating as you just suggested some of the

centralized layers that capture fees should be on every single little transactions we do and to the extent where some of those services can now be coded into a peer to peer protocol that's what that's what we're doing we're going to write the transfer agency bezos i now from my heirs working on wall street. how that works basically it's a back office function where pieces of paper you know securities and chairs are moved around the system and this is very expensive way to do things and it's right to be distance mediated or disrupted by block chain because block chain would. to completely eliminate all the need for those enter mediation our intermediary steps and they're up there in toronto and say i've got the task that they have launched and so as a test i'm going to stick you know we probably should have launched it before. now that we have some of our minor community working with us with the test net i mean

they're there they're troubleshooting and creating more. you know tools and containers and versions of the software and then we would be able to do with with just a quick bit group you know employees so it's been it's been very very successful we're very excited about it and it's only a few days and already it's demonstrated so it's right call found out about the stock exchanges you know they're the ones who are the dealers dalian securities and they deal with these transfer agents and all these other back office functions so what this product that he would go to an exchange with like toronto stock exchange for example would you go to them and say hey we can take off here and all this paperwork and put on the block cheney get all kinds of cost savings and time savings is that the market for this bill you know i mean it is that open source for

recalls so it's a technology that we haven't released a code yet because we're still only shish making sure that the quality is all there but when the call goes out you know this is a this is a network protocol that can be used by anybody it could be a group of course the commercial entity will be going in and approaching under a commercial organizations to help them understand and adopt the network and some of them well some of them won't we believe that those that will will put themselves in a significant for the better of positions so yes these existing market lasers are there they're. they also have to deal with all the transfer regions of the positive reviews and and so so to the extent where a a peer to peer protocol can help reduce the transaction costs to these exchanges definitely there will be some very very interesting developments in the future

regarding right so typically and they talk and space as carved people come to market went out and send their star equity and the stock ends but where you're talking about is that you're creating a block chain to allow people who are actually offering equity so these are companies that want to offer equity they were going to do international public offering like ways to do back in the day before the initial coin offerings into equity offerings and so they would go to an exchange and then the solution however is a block chain so this in this case the block chain is putting an end to the ledger all of that information that stand publicly available and it's transparent and cost saving so let's say i'm taking a company public i'm doing an i.p.o. can you kind of walk us through a little bit about i know where echo bit kind of fits in there absolutely and just to situate maybe the audience you know it could be there's a fork of the courtroom so everything you know about bitcoin probably applies to

equip it and and we're building it with t. capabilities on top of the code gets so with that said if someone is interested in issuing you know e shares for a project or depth i mean it's in the security instrument there's the various options when you come to the equitable option first of all you're going to have to have bits which is a crypto currency of the block chain in other large chains that is the parlance that's used there is utility token but it's all as a utility in that it provides access to the services that are. i did buy the network so he echoed it cryptocurrency is is that forty arabic network and once you have these record bits you can go to do peer to peer network and issue security so you can say i promise x.y.z. right or this is a one out of one million shares of x. y. z.

companies and you can define what your issuance is that is by the way at that moment the regular leave the directive if he heard that governments want to know about all that issuance that that is regulated so so when you come into the network and you issue that is where you want to make sure that you've got you know your you understand the regulations of your or your locale or where you're located but beyond that the network itself provides and you know the interface to document the issuance store the security. to a block chain on the peer to peer network like the corner can be you know falsified or easily you know i attacked and all the activities that follow you need to for you know to know who buys your securities you need to communicate with your shareholders you need to capture votes so there's

a lot of of activities that are provided by the financial service industries beyond just you know storing the securities on paper today these these capabilities are implemented in a peer to peer fashion using peer to peer communication protocols on the arabic network so once you've issued your security there is a marketplace on the network obviously where others can come in and purchase or trade into these securities the neuer customer and then time money laundering and all these things are facilitated the with a passport to so. system that we have which is essentially a web of trust where if i am about to issue securities you have an accreditation organization and you know various investors and because of where i sure as securities from i need to comply potentially with these regulations

so i will all louis i will mark my securities of the block chain so that they can all be purchased by people who have been said by organizations you know like yourself mini me of your words the equity taishan so the issuer and shoes who have the ability to a credit to the world there are the ambassador. in our brand serve solution to a very antiquated fest down and that say you guys are riding the wave into this future of cryptocurrency is down let's talk about the token a southie a mansion it is a shot three unlike chateau it shot three which has a latticed generation other than max coin there are very few coins that actually you shot three why did you decide to go with. and what are the unique difficulties at the moment in mining shot three coins like over there acrobat and max climb yeah the shoes of a hat the choice of the hash was was

a big decision for us we have heard we have a few blog articles i believe about it go into details for people interested. in summary sharry was essentially the big thing we could find and this was not our opinion we know we looked at the competition that was done by the nist national institute of science and technology i believe. and when they did their competition for coming up essentially with a successor for short to fifty six everybody knows that at some point in the future we don't know when but computing power will be so. two fifty six will no longer be a secure hash for four full four were using a four today they're safe you know all those who don't want to worry about forty fifty six right now it's still a very good hash krypto runs on it we love it but shot three. and

four for various reasons that were put to the test trained in this competition and shari came out as leader. for example which is a hash used by i was one of the competitors to get shat which is the team that won the sorry competition so the source of all fairy i'm also has a pretty good hash but we believe shot three years the best out there there are no all no no i believe basics that i'm aware of at least at this time so we have a very very healthy community of g.p.u. miners which we love it that goes with the spirit of the centralization we're working on mining calls we're working with various various other organizations that will provide protocols and technologies to help ensure that our networks is decentralized right so three is quantum computer resistant as the phrase if i'm in astray and you guys are there for there isn't you just outlined

a max cohen is there because i don't spark smart who designed the mask i put her in there at inception it was really a way of his time so when. was the launch date tell us about that when you go to the main net we don't have an exact date for media yet we want to ensure quality on the test there obviously before we release the main botching. and when we say we release i mean it's essentially releasing our genesis lock which includes some of the equivalents that we've been using to finance our operations so. the may not launch will will happen once we have salivated the security and the quality of the test that along with the community and more meant we will be able to release the genesis lot and start my me on the real block. we suspect this should be in the next coming months so it was just

a matter of weeks and months not years but but it's in the near future for sure for a fact precious i say thanks so much for being on the kaiser report pleasure to be here are i was going to do it for this edition of the kaiser apart with a mass geysers day sarah but i want to thank our gas christian associate echo a bit up there in toronto if you'd like to get in touch with us as kaiser report on twitter until next time file. thank. her.

own wanting to. dance you don't do some talking to them tell you they're on the stand on the bus or in that any component into something totally cool to stand small town managing donors don't need them to tell him the world will live up to those resolutions or times out answered obama doesn't. the trump kim summit in singapore was certainly rich when it comes to optics but what about the substance both leaders are clearly looking for a win in process has started there are plenty of obstacles ahead and no shortage of people whose worst nightmare might come true peace coming to the korean peninsula

join me every thursday on the alex salmond show and i'll be speaking to the politics sports business i'm show business i'll see you then. headline stories. north korea shake has started. threatening to destroy each other's country. their talks ended with kim jong il committing to denuclearize a shit exchange for security guarantees from. are already questioning whether. the bargain or not reducing anything will not reduce very little bit early for that

to get things moving the sanctions will remain in effect we will be stopping the war games to last until we see the. future negotiation is not going along like it should. it's almost here the final touches are being made for the world cup in russia in part to. predict who will make it to the center of. a crisis policy in germany will go head to head with. a minister who is proposing us. around the clock across the world this is our to international from the team and myself you know me welcome to the program top story the leaders of the u.s.

and north korea of hailed their historic summit a success the talks in singapore laid the groundwork for the potential. of the korean peninsula in exchange. as for kim jong un promising to give all pais nuclear arsenal donald trump has committed to providing security guarantees for the regime the us president suggested afterwards about the two had formed a strong relationship and that the intend to meet again the turnaround in relations comes just months after the perp with threatening each other with all. predicted and we have developed a very special bond. north korea best not make any more threats to the united states they will be met with fire and fury and have mad men out there shooting rockets all over the place you will have no choice

but to totally destroy north korea rocket man is a sick puppy. a frightened dog barks louder i will surely indefinitely tame the mentally deranged us doted with fire. this is true is proven over and over again and visitors can indeed become friends both very honored to sign the document thank you. so the today we had the story meeting you decided to leave the past behind so we're very proud of what took place today it worked out for both of us far better than anybody even predicted and it's an honor to be with you.

interesting stuff and then well later in the day the u.s. leader said that without the believe tour and talk the meeting would not have happened though it made him uncomfortable his words it was the right strategy. without the rhetoric we wouldn't have been here i really believe you know we'd sanctions and all of the things that you would do but i think without the rhetoric you know other administrations i don't want to get specific on that but they had a policy of silence sometimes i felt foolish doing it. but we had no choice well despite the friendliness of the two leaders first encounter there was still one moment when chairman ken looked todd taken aback by one of president trump's comments. to. get off.

and lottery like that joke donald trump wrapped up the summit in singapore with an hour long news briefing lining his position on a number of issues killam i can take us through what he said and it's led some to question whether north korea is right to trust them. they've agreed to four basic points that were in the document that was signed by the president the united states and the leader of north korea first they agreed to a new us d.p. r. k. relationship a new relationship between the two countries secondly they agreed to a lasting stable peace and working toward to facilitating a lasting stable peace on the korean peninsula they agreed to to a commitment to denuclearization getting rid of nuclear weapons on the korean peninsula and finally they did agree to return the bodies of p.o.w.'s missing in

action the bodies of american soldiers who had died during the korean war or the bodies of american soldiers in the korean peninsula those are the four points of agreement now speaking at his press conference following the meeting did clarify some things he first of all he said that they will not be lifting the sanctions until until there is a full denuclearization of the peninsula down from said he looked forward to lifting the sanctions but they will not be lifting the sanctions at the moment furthermore trump said they would be stopping the war games the military exercises that north korea has often said are very threatening to them and are essentially report rehearsing for their destruction these military exercises will be stopped from said that they were very expensive and very provocative and from there we heard some more talk about what would go on on the peninsula itself this is donald trump we're not reduce are going to thing we're not reduced very little bit early for that we have to get things moving the sanctions will remain in effect we will

be stopping the war games unless and until we see that the future negotiation is not going along like it should so you saying there that the the number of troops on the korean peninsula will not be reduced at the moment now they are donald trump talks about the previous administrations and their record in dealing with north korea and how to. difficult it was to make this meeting this historic meeting between two countries that have been basically at war with each other in a legal sense for the last sixty years how difficult it was to make this meeting happen this is donald trump talking about previous administrations and the difficulties they proceeded down a path in the past and ultimately as you know nothing got done in one case they took billions of dollars during the clinton regime to billions of dollars and nothing happened that was

a terrible thing and he actually brought it up to me i don't think they've ever had the confidence frankly in a president that they have right now for getting things done and having the ability to get things done well there's obviously a huge amount of optimism around the world in the aftermath of this is story meeting however there are different voices asking how optimistic we really should be vocal recalling that donald trump did pull the u.s. out of the historic iran joint plan of action the nuclear deal other people are wondering exactly how this denuclearization is going to take place with the sanctions not being lifted with the troops remaining on the peninsula well the talks were back in march but last month kim voiced his over military drills between south korea and the u.s. threaten to call it off then nine days later trump council the meeting accusing kim of hostility but just the next day the white house in pyongyang said things were

about on track on that on the first of june washington officially announced the summit would go ahead well the world's key players have all been responding to talks could be expected china said history was made at the summit site korea is also here what it sees as a new way forward and the e.u.'s foreign policy chief say the meeting should but denuclearization of the korean peninsula is achievable japan though as you can see there said the pressure needs to be kept on the north until concrete steps towards this argument are seen and some of the guests we spoke to aren't completely sold on america's out of their. there is a strategy tryst all mr trump thinking i think what he's now doing is actually finding a middle way for ensuring america's national security by trying to get into it do you north korea and we effect some call instrumental effect on north korea along the way of the talk now means even the nuclearization will not be completed do you

notice this has a hand on puno from now on iran has expressed skepticism over the talks the country's foreign ministry advised to be vigilant when dealing with after he pulled out of the twenty fifteen nuclear agreement with tehran. the us administration's failure to honor its commitments to others particularly the j c p a as an international agreement endorsed by a un resolution that makes his watch mr trump and america's behavior with much pessimism for now we cannot be optimistic about their behavior and i think the north korean government should deal with this issue very carefully the united states is not the sort of country that anyone can trust as the iranians know quite well the j p o a was an agreement that iran made many sacrifices for iran shut down much of a piece for.