u.k. benefited the most where they benefited the most was as a sort of you know banking center from u.s. and china meets europe so they acted as a central clearinghouse for all of that and now we're seeing signs of banks leaving the u.k. but we do have a banking story in the headlines because all of those economies across europe whether it's now italy or prior to that greece they collapse because the bank of shenanigans let's call them that because of course we're talking about a british bank here and one must only station and sin and little mistakes. in the lyrics inappropriate behavior really terribly hard. well our friend neil mitchell is in the news neil mitchell friend of kaiser report well lloyds under pressure as eight fraud report is published so there was an internal lloyds banking group report written by a former manager apa bank and published on tuesday alleges serious misconduct by

the lender over the handling and disclosure fraud of this pos reading unit report written twenty thirteen after the lloyds manager had taken her concerns to the police alleges h. bos executives knew of the fraud as early as two thousand and four and failed to properly disclose it with far reaching implications given lloyds takeover of h. boss in two thousand and nine it also states lawyers mishandled this investigation and disclosure of the fraud following that takeover now m.p.'s had pleaded with lawyers to please release this to the public please show the public which by the way have bailed out your bank and all the other banks and many of the other banks at least in the united kingdom in the certainly the financial system itself were bailed out by the inflation tax caused by the quantitative easing so they subpoenaed peaceful aides released that report to the public and lloyd said well well we can't do that because of confidential confidentiality of our clients and our customers and things like this well neil mitchell had the report and he released it in the matter of national interest. a lot of you know the attitudes are

the consumer in the banking sector in the u.k. straight them like mushrooms you feed them essentially feces and you keep them in the dark and feed them dog poop essentially that's the attitude that the regulators number ten downing street everyone who has any oversight capacity whatsoever for the u.k. banking industry treat them all like mushrooms now we of course were reporting on this in real time we informed the british public about the frauds that were going on the massive fraud oh my little camera seems to have become flacid well put them over there first so i can maybe i'll go off the air go away camera and took my microphone off. is still on but you have no bew there how about that you have to watch the actual show to get the show you can just watch like periscope so there you have a cape ranking system that was caught red handed and we reported on this we said look this is how lawyers. barclays all these banks are committing massive fraud

and of course the biggest impediment to getting that information to the british public was. yeah and the entire system there as the article in the guardian knows ok the guardian this important has anything to write back to that the report has circulated privately among regulators and law enforcement officials for years it has not been made available to the public who chose not to release that's a problem for me doesn't get released to the public well because of all these regulations against that sort of speech where or basically providing information to the peasants that are the public that form of speech in other words if the when they say public they mean peasant member 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 right well look this is their own sentence written in this article about lloyds and 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 is that 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 putin gleeful unhappy it's because they don't want to hear people say oh these little missteps and it's very unfortunate that scottish business neil mitchell released this report exposing the fraud and the defrauding of the population of the u.k. well it's just missteps the difference that they show is that the aristocracy is breathtakingly sheetrit and so i feel very bad about that meghan merkel woman the american market she married a prince she knows the live with the slime bags for her entire life improv big

spawn another slimy banking. stain. you made a bad choice and it's just an actress. anyway it states over the second half a lot more coming your way go away. visually the thought is brought back to us it has taken care of our cause just. your good punching most of them from a completely different cause i would just. as static. the problem is that we kind of have a speed within the state they call an ice it's not part of us we don't. want to get stuck in a computer of mine decked out in the snow no place cops let's stop stop stop stop

the bullshit oh good. my culture is a 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 it's actually that are tearing down this city we wants to be a sweep this country and we want to know the people who live here now to go back. generally speaking mr trump's unilateralist can notably the unilateralism which we saw with regards to iran which we also saw with regards to the paris agreement

regarding climate change which we saw with regards to the american embassy in jerusalem all these unilateral decisions i challenge from my point of view the quality of our transatlantic relations. 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 figure out 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 in decrypt out 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 a kind of person on the hill with our improbable it but we do need to remember. who would win i'll bet who would it is exactly what within this are you doing the power of the matter is when we thought it cool thing about this thing when you had you know on and you were in to do you know going to the world of the on national t.v.

you know we were a pine needle thing we have plenty many things going through. we both spoke about going home 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. that 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 but 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 bank 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 obama 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 at half and then the our

current savings depleted twenty five percent in the international market we now have every 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 bitcoin is a savings account we've got other believe that it 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 concept that form that turns out is absolute disrupting the i.p.o. market will street in silicon valley that doesn't mean that it competes with big

corn 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 have borders as a vehicle in this is a store of value and we call this innovation to be. around it and that is a completely free malky half of the environment the regulators when they try and control it it ends up going somewhere else 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 the 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 that 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 honest 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 a bad coin or a quick currency created a central bank and that can compete with bitcoin big win win because it's decentralized 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 record max and you would you know bringing telling the world about all this corruption and problems well we now have the ante for us and that is the critical 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 bailout steps of the 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 crypto in bitcoin overtaking the venture capital market and we've got a lot of inroads there too simon dixon we're. are we on that timeline is this the eclipsing the venture capital market in your view what 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 a scam some registered security straight out ponzi scream but the fact of the matter is more money was raised through i c s m been to capital but what happened the world thought 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 block chain and quick to and you see one of the poker. so you know that's the venture capital industry is not disrupted just one of the players that one of the been invested 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 need to be. i 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 priceless and it 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 you know just just to get that actually correct that we were a shareholder in q think capital corp that was then sold to queen bass and queen bass as they came 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 e.t.s. 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 these to be a one year lock in according to u.s. securities laws so combine those forces and you actually got a very inappropriate legislative structure and regulatory structure in order to operate the crypto market that you used to now. the whole world is focusing on the us falls asleep because the f.c.c. is the most vocal regulate but around the world they're putting fit for purpose regulations and. 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 you know amp a is a program the banking system going straight to mobile money well other jurisdictions the leapfrogging securities and exchange 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 field fit for purpose the this in the way the market is once once it's gone let me ask you about. you know africa you know you mention empath 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 senator simon is not only are you just dropping 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 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 me for me in a quite recent they another. company you know we were we were investing in in the middle only days. 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 gee 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 owner in this industry nimble enough to adjust to the environment all right i saw it when we got a cutter up there what 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 in the guys report thank you matt. well that's going to do it for this edition of the guys report with me nice guys or stacy i would like to thank our guest simon dixon of back to the future if you want to reach us on twitter it's kaiser report into like time by. the. current american administration is raising tariffs and trade agreements when

america sneezes the rest of the world of only a contract to bridge fictionists fever. sweden deadly violence at the highest level since records began. we want. this country and we want the people who live here to go back almost. all. the. swedish crime prevention agency refuses to go the informational immigrant background of criminals. total cost for this entire group of immigrants this pixy to our defense budget it's a disaster we. also some broke. we need to.

put focus on crime ahead of swedish election. rapes on boys has become a phenomenon thanks to the immigration from afghanistan so i started calling my friends and i said let's let's do something now with will take back our streets. elevated will. islam is just how these operate freely and speak. we think it's a corner and i. would like disappear if i. took . my. name no no it's not stop stop stop stop. think of global change to. the swedes are hard to.

sweden is considered one of the most refugee friendly countries in the world that's have to taken in more solemn seekers per capita than anywhere else in europe rather do. that was two years ago when we visited the wild west the park which in the off season became a refugee camp for five hundred people who had all gone through hell to get here. i'll be honest with you there were times when i said in my constable apartments in moscow when i was watching the news i would think yes you are past to do something then they need to limit the number of refugees that they allowance to their country because it's they are since some cases started to outnumber the local communities in certain villages certain cities but haven't met some of them the children especially. they deserve a chance. people and it's

a help you know you can't just let. the people stay where they are or let them be in the border. it's not easy to start again in the new country but sweden has provided everything occurred in terms of housing and training to help refugees. get back on their feet as soon as possible. even the living conditions look great refugees were struggling to adjust and couldn't wait to get their lives back on track i don't understand how even some people could complain here you know they said that the time is today the living conditions are good but some people still complain of why why why is that i think it's because they have been here like one of my home it's cold this winter school has been stored really the real schools foolish children they don't know how to go with us yet and here in the hardship

everything is the only thing that's not so good it's the supermarkets and everything is outside and you said that you felt the same way when you arrived it was difficult for you to adjust. well it's true for you and also something you did. for the big city. also for abuse like me. from a liberal from. the sixth new york. all of this. is. in the two years since then i think getting calls to go back and show the other side the swedes who are angry about the number of newcomers settling in the country i once it's on the stand their points of view and why some call them racist or even neo nazis.

stockholm central station eleven pm the soldiers of odin are gathering for their weekly street patrol they get ready their leaders on his way to the airport to pick up the head of the maltese branch of the group. and i thought yeah. i think someone needs a cigarette. there's talk of where it's enforced the problem with doing you know the patrol or something before we get to. where we could go to the car. so there's a world and was founded in september two thousand and fifteen it was followed by me caught on time. and originally thought is protecting. our cities is taking care of our cultures we're getting hundreds of thousands of

illegal immigrants and unfortunately it's changing our way of life completely from school. to family. members come here from different parts of the country and sometimes they even travel abroad to join other patrols in here they spend their own money to do this and often sleep in hostels or stay at each other's houses. where you fit into it at least once or twice a week with. us. where death is. for fights people. girls getting harassed and raped. most often or they have been out to bars you know drinking.

say. that this is something that should be held by the authorities why guys have to come i would say to say it too bad but you know thirty but the authorities are paid by the government and the government is actually getting the rabbit. when you say troubles. fortunately annual. everyone right. when i was a cultural was unfortunately. what this illegal immigration influx most of them. from there called me for this or i was just. a static. completely different from ours. they come here for a better life. they say but when they call where they live to say that they had

before. which is. not die for you still and if they do it on their own with no life. but one day. impose it on us it becomes a problem we were losing. when i was young i used to play in the streets. that my son do that. in swansea sixteen swedish police outlined fifty five so it's which even they have trouble rates and in now that figure has increased to sixty one they describe them as areas marked by crime social unrest and insecurity . ambulances and firefighters often get back up cars when they go there. suites say they experience. and feel like outcasts when they find themselves in such neighborhoods. you know with the eastern pro central station and we're going

on the blue line it's quite infamous line because it leads to some of the world's worst ghettos of europe so we're going to stay rich and then during peace which is internationally infamous. you see to read your room decrease of swedish people from the metro when we finish i think you'll be. we will probably be the only white people. might know that gustave a sick and tired of what he sees as the government's inaction and leniency so he has now formed a new political party called alternatives to sweden. they don't want to work most of these people they live on the. generous benefits of the swedish state. why on earth would you want to do and i defy work this weekend and if you get even more money when you're given the benefit of. these stories he has also been. vocal when it comes to.