that form of speech in other words if the when they say public they mean peasant remember in the u.k. less of that's important yet the subjects so also like look at this tone here's a so-called progressive newspaper called the guardian and they're called that's the left wing of the right wing is the telegraph well look out this is their own sentence written in this article about lloyd's this report released by a kaiser report regular neil mitchell this is shows you the difference between the likes of kaiser report and the guardian here's their assessment the publication of this report comes at a sensitive time for lloyd's as it attempts to move past the painful legacy of missteps before and during the financial crisis right because it's why people tune in to report not because it makes printing gleeful unhappy it's because they don't want to hear people say oh these little missteps and it's very unfortunate the scottish business neil mitchell released this report

exposing the fraud and the defrauding of the population of the u.k. well it's that these are just missteps the difference that they show the is the aristocracy is breathtakingly sheetrit and so i feel very bad about that meghan merkel woman meghan markham she married a prince she knows to live with the slime bags for her entire life and big spawn another slimy banking. stain. you made a bad choice and it's just an actor's. anyway the second half a lot more coming your way.

the. current american administration is raising tariffs and revising old trade agreements when america sneezes can the rest of the world of only add contracting breadstick shouldst fever. welcome back to the kaiser report imax keyser time now to return to our conversation with simon dixon is that over there in the isle of man of course of banks of the future author of the same book banks of the future simon welcome back thanks for having me back again all right now simon in our first part of this conversation you know i heard again in your voice

a very passionate description of the disruptive disruptive qualities of big claim in crypto and you know so often in this industry people get caught up in that little petty kind of little wars that go on this coin versus that coin and they lose sight of the big picture how disruptive this is to banking and to money so you know i think it's important simon to once again preach the gospel to the people about how this is disrupting global banking you were a banker you came into crypto now you're riding the wave of this disruption preach brother preach to preach to the people we're really we don't really important because people have so much internal politics that you know miles within our industry our industry of kind of person on that well with our improbable that that but we do need to remember. who are going up at who would is exactly what within this are you doing the part of the matter is when we thought it cool thing about

this thing when you had you know go on and you in to do you know going to the world of the arm on national t.v. you know we were a pine needle thing we have very many things going through. we both spoke about going home for him but yet here we are today where pretty much wherever i go in the world no matter how many people or what might be they have meet the bitcoin they may not know. what it is they may not know how to use it but almost everybody in the world has heard a big calling that means now there is something that everybody has heard of that they are going to discover a different point why they need it you know the people in cyprus to know that they needed coin until the banks stole the money the people in greece didn't know they needed to quit until the a.t.m. said there's no cash the people in india didn't know that they needed quite until they had to queue outside that bank with their life savings in the bag and risk getting killed for their life savings because they had to put it through the bank

mexico didn't need that they needed bitcoin them to boma trump became president and crash the value of twenty five percent the u.k. didn't need to know that they needed bitcoin until breaks it happened our currency in savings depleted twenty five percent in the international market we now have the very first pawns the ability for you to take you know to have this little cash to own your own money spend your own money and have a monetary policy that rewards the save a rather than rewards the people taking on debt which additional money now within that we've got lots of politics we've got people that believe that the coin is a savings account we've got other believe that should be used as tests and then you've got people coming along and sample we can do this cheaper faster and better but the point of the matter is the big question is the only one this actually a store of value that the centralize is able to actually fulfill that sort of value role and if something came along and create cheaper faster cash then great. that's

the innovation that we're having a syrian comes along and creates a small confab platform that turns out is absolute disrupting the i.p.o. market was free in silicon valley that doesn't mean that the computer bitcoin this is all part of a great ecosystem and then came the wrong one says that we can do this cheaper you know false better more decentralized lefty centralized the point of the matter is that we handle risk is a big win is a store of value and we call this innovation. it's being built around it and that is a completely free market capitalist environment the regulators when they try and control it it ends up going somewhere else so you know governments are making decisions all around the world how they're actually going to react to this technology and that means the bull is less important in the world than it was because a bit coins because of a theory i'm the i.p.o.'s to the combat the almost three a less important in the world than they were before and now on a global scale people can participate in this this movement this disruption and

various different level with people all around the world are going to be involved at different phases for different reasons but the fact of the matter is we have global competition and some of the most entrenched interests that were built in the financial system now need to be more on to compete better put together better systems and then you know look at the when we have the next financial crisis if we have a crisis this time that not too big to fail you can replace them money with the fed calling or a quick currency created a central bank and that could compete with bitcoin big quibble when could this be centralized one that allows you to only spend that and it encourages savings but the fact of the matter is you now have all this disruption you have this competition and when you first saw the call it is a report max and you would you know bringing telling the world about all this corruption and problems well we now have the ante for this and that is the crypto industry yeah i think. a good point there is that the next crisis and we know it

comes because it comes as a result of the bailouts the other preceding crisis they never solve the problems they just print more money now you've brought up a lot of good points there you've given talks around the world and you have said on many occasions that you can see krypto and bitcoin overtaking the venture capital market and we've got a lot of inroads there to simon diction. were we on that timeline is this the eclipsing the venture capital market in your view when you think well that's already happening the amount of money raised through i.c.a.o. last year and now you can have an opinion on the so many of those scams on registered security straight out ponzi scream but the fact of the matter is more money was raised through i c s m venture capital but what happened the world stopped relocating to silicon valley and begging the seas in order to give them money and instead went to the wolves and said do you agree with this valley and the

the whole world participated in that then what did venture capitalists will they came along and started investing in the ponzi schemes scams and started getting discounts and trying to get discounts and you know sell them to retail and higher prices and what happened is the vent the capsule industry started participating. in this industry so now the venture capitalists are just one of the participants in an industry that is much greater the net capital and the competition for that so and then the f.c.c. comes along and says well we're going to clamp down on this stuff great that means that america is now the worst place in the world in order to raise finance for your business if you're trying to do something in the book chain and create an issue one of the poker. so you know that's the venture capital industry is not disrupted just one of the places that one of the been invested is the compete for other money

and other investors and there were trying to scramble around and adjust and figure out oh well well now we can actually have secondary market the quiddity on our investments and if this starts moving around the regulated route well you have regulated securities you have different jurisdictions that will support the currency and then you have completely decentralized out of the control of everyone and those markets are going to exist and people just. that the thought i'd like to hate it it's here it's coming and it's not going away now let's talk about back to the future for a second because you've been on the forefront of the center strain now sense frankly it's that it's a inception and you had an eighty s. license the alternative trading system license for a company you owned called van of eight now you sold that to coin base. what can you tell us about the deal what does this say for the future in regards to

u.s. investors so this is this is the big question you know the u.s. is being cut out of a lot of deals because of the regulations of the u.s. so this deal with coin base that you've been involved with does how is that going to reshape the regulatory framework ever at all your thoughts simon just just to get back to the correct that we were a shareholder in key thing capital corp that was then sold to queen bass and queen bass as they can to enter the securities market in order to do that now the interesting thing right now and this touches upon many of the things that we were actually speaking about is that us legislation is not necessarily fit for purpose with a token market for example there's things in us legislation that state if you have an a.t.f. you can actually display the price and have an order book now the crypto market is used to order book and display in prices you know because if you do have an order book and displaying the prices then you need to be registered as

a national securities exchange and also in order to sell those exemptions and allow those you know there's more to be known public companies and still be able to sell them as they have been then needs to be a one year lock and according to u.s. securities law so combine those forces and you actually go a very inappropriate legislative structure and regulatory structure in order to operate the crypto markets use used to. now the whole world is like this in on the us falls asleep because the f.c.c. is the most vocal regulate around the world they're putting fit for purpose regulations and they've been absolutely i know that some restrictions from being you know the leading financial market in the world where someone else has got the opportunity to leapfrog you know we saw with. m. pay is a program the banking system going straight to mobile money well other jurisdictions the leapfrogging securities i.p.o.'s in exchanges and going straight to where we

want to be and that's what the future has been working on and we've been off in the question you know is focusing on the us the right strategy is that the right approach well it depends where they go from here and what happens next but if not the whole business texans willing to build fit for purpose the this in the way the market is once the ones that let me ask you about. you know africa you know you mention and pay say in africa of course we know bit paisa we've been involved in for helping to finance that company and recently a bank the future are good friends a bit mari were able to raise some funds there now got a banking i guess a banking license and zimbabwe so i mean this is part of the great thing about the sinister simon is not only are you disrupting the banking industry as you've stated you know in your book when you started out but you're also changing dynamics in the global finance in a big way so africa potentially could be the whole continent certainly countries

with within africa can a leapfrog and head of all these other territories and it could be a really interesting success story you would know better what do you see there absolutely and you know we're geographically diversified we think has a unique position in many different geography you know i was just speaking from. with i think you spoke to sonny from you know going recently. no the company. we were investing in in the middle east. and you know in india the banks come along and state. the banks are no longer allowed to work with crypto currency exchanges so how does an exchange you know coin react like that well they say well thank god we don't have a banking license let's create this create something centralised all the g let's look at different opportunities well let's look at the cash to create a market is the banks on allowed to participate regulations

a safe thing that we can participate now the banks can't compete with us and so a lot of these announcements that you see all often interpreted as negative but actually have very poor can have positive results when the in this industry a member now so it's just for the environment all right i saw it when we got a cutter up there but a fantastic message just work around it the entrepreneurs in crypto are the best and the fear of money is in retreat simon dixon back to bring on the guys report thank you matt. well that's going to for this edition of the guys report with me nice guys are stationary like they are just simon dixon of back to the future if you want to reach us on twitter it's kaiser report into like time.

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others are they just thought is drastic things are taken care of our cars just. come from most of them from a completely different cards i would just. as direct. problems that we can now how a stage we think the state may call a nice it's not part of a suite. more like a computer of mine. no no. no stop stop stop. no go. my culture is christian country and we don't do things like that and we tell you if you do then we hate you and someday hopefully you can do something about the stuff. we cannot be naive about to not

attract more gangsters rapists and these words actually that are tearing down this city we wants to be a state this country and we want a new look on the people who live here now to go back.

why. messi and cristiano ronaldo are knocked out of the world cup on the same day as it would have wide portugal in the last sixteen. two time world champions argentina are the border free by fan. i think that. french fans go wild as they celebrated the victory both in russia and back and. there we have

these threats are pretty much up to look up to me i'm back in full you know right from. the reserves. may see the best. of the last sixteen of the fifa world cup hasn't seen the world's two best players eliminated and a history making performance from a french teenager peter schmeichel and neil harvey bring you today's action from the heart of moscow. beautiful evening and some beautiful much the football we've seen your wife you are free to the quarterfinals after they defeated the european champions portugal two goals to wall peter schmeichel alongside me he called this pretty much said watch out for suarez in particular. had the biggest effect on this

match he was brilliant. it's a bit of a worry for you you know you haven't got that many days to recover from so he is very very important to where you are go i know the qualities of those who are as but it isn't is for me the big star in this team and these guys are some strike force and they combine beautifully with a one of the longest warranties you will ever seen right across the width of the pitch this is how it played out like a fall. started to move on seven minutes but watch as far as here. he returns the favor knocking it back in and this is a perfect ball in your guy then sent back a little bit had four sometimes five at the back and then three in front of them and kept the block very very tight and then one fifty five minutes they had a corner and everyone kept an eye on right now though and here you see it happen it's a really really good header we saw at this point and very much as we saw in the early

match of the day the way momentum changed because at this point you had portugal in the ascendancy they were playing more attacking football because they're chasing the game your goal of defending. then that situation only lasted seven minutes i mean they think they kept going the way that they started that second half but when you have someone like pepper in the team he pops up in school a goal like we've just seen but he also makes stupid decisions in a game and for the second goal that come on he scored he made a really stupid decision to go on trying to win when ahead of where he should just to stay back and i was trying to win that header he left such a massive gap for me it's a path into him and he finishes good i have to question the goalkeeper you know sleep in goal but if he were taping paper he's just running back there it would have been there had pippa not gone for that ball now we've lost and it's a slightly sad ending his last contribution to the match had

a shot that nearly hit the corner flag and then is very last contribution was. poor temperament with the referee and getting booked and that was his decision yeah yeah a little bit of a sad ending and we're now speculating that it was this the last time we saw christiane of melbourne a world cup was the last time we saw in the other mess in this mess is thirty one it's thirty two coming up to thirty three we don't know it's four years is a long time in football europe why and hope. that founds that lives eternal god was of it was my was well her or her speaking about misfit i wonder what it was like you saw chief downhole can visit the stadium for a surprise what did you make of the game how you how you feeling right now big

moment for you guys very excited very excited are we travel a long way it was a tough hard for game and we got we got the win is it the sky is the school what you predicted is not what you thought we also need to do i was you know when this gets a new we know it was going to be easy put on you we're going to win this game you could tell that your of why we would like to defend first we have to stay at the back make sure that our structure is good and the right to develop on the counter and develop on those opportunities and we played our football today use we played this football against egypt against saudi arabia against russia and the results are coming and i couldn't be happier you guys feel optimistic for the next game always have a hard one of you not a element of it we know that you're quite through and if you don't know the result you can check it out cryptically that with the flags and you can say that it is going to be a year ago i again france he defeated often seen a what was just a simply mike tyson match it is and it ended goals it's

a story well. well. well. i was well. you know.

had. its proximity. and today it was in its rate world cup for them the only good game they played was nigeria in the last grouping went on to run through messi got on the school street in the thing. today the audience time's a cry and i think if you see maradona somewhere. he will be crying he's been crying all the way through throughout these temperance woods yeah i don't think it's been very good for his health at least that emotional rollercoaster was to hold lows than the highs can see and feel. and have you noticed that the pole is changed by the way is completely identical to

the other one it just has got to from college and so it's patents on it now so and maybe and we don't know this may be the boldest different because we've got ten goes out of two games that is something now the new prince of the game is a risen and if you think he's potentially got another three world cups after this one he could be reigning supremest this isn't a flash in the pan this isn't speculation he has everything needed just need to be at the very top of the game unbelievable player he's nineteen years of age we've known about him for. a good eight hundred month maybe even more to two years. is owned by monaco but he's on loan to p.s.t. a passenger man. as we talked about before it's a public secret that this deal is going to go through the summer and it's going to be the most expensive player in the world now what we saw today was was fantastic it was something that we've been longing for for a very very long time someone to come up with a performance someone who's promised something to was and hasn't quite delivered

yet. and he did it killian the pop it's a day to live in an unbelievable performance and we saw the first goal that we pick the ball out you know ten yards outside his own box and just made this incredible run where he showed everything that he has got in his log and showed great taking the incredible skills. extraordinary balance and then that pace the pace is just you know what i'm trying to think back to someone that i can sort of like we had to tension pace with the ball it was just accelerating to watch and you know that ended up. in a penalty situation that front garden response was from that but then he went on to school to close on the loan out of the fall so he was directly involved with three of the colts in the last sixteen games the big players usually step into the character and we've seen that today with the papa we've seen that with kabbani and it's beautiful to see and we can hope that puck is doing the same well the french

players will have they gave a lot today they'll have six taste to recover in time for that much on the six in july nice girl but it's not just the players sit who gave a lot the fans will be emotionally draining it's quite a ride several goals twists and turns and it will take its toll on the fans to be. very happy to as a test match i'd say they are crap. in fact i found have and i. was i was was. i really want the following the next day next well no well that was why don't we try to do what it was possible at the service.