wrong with that but that does seem to be sort of falling apart why we mention the auto industry but there's a lot other business leaders do you think this is sustainable from a political perspective i know that's not exactly your area of expertise but i imagine you have an opinion on it absolutely look the one concrete achievement put aside all the verbiage the one thing he did was the december two thousand and seventeen tax cut an enormous gift to the business community in this country and you're quite right that solidified their support they have no reason to be critical of him he delivered a bigger tax cut than they could have reasonably expected so he did that but in the meanwhile the mass of the people whose votes he needs let's call them the older wider traditional american working class they're still waiting for the big delivery of jobs of incomes of a great america again that's real or make believe we'll never know they haven't gotten their goodies so where is he going to get it for them all right he wants to

take wealth from other parts of the world by changing the trading arrangements they're not going to let him do that but what's left for him he's not going to tax the rich he's one of them he's helping them and that's too late for that there's one thing left which is to really whack the poor people of this country to take away the government supports the government programs for them in order to move some of that to the people who backed him i think he's going to try to do that i think you already see in the cutbacks across the board in these budget proposals you see that under way but that threatens to make the mass of the americans a bottom sixty sixty five percent of our people very angry very bitter and if you motivate them if you agitate them then mr trump it will be a history very quick so he's in a very tough spot and i think his desperation his tweets aura flexion that after all the fakery. the language he's we'll options are not looking very good sobering

but very informative thank you pressure richard wolfe appreciate being with you in person thank you very much for the opportunity. hacking has become a grim reality over the past few decades a new methods are being developed and deployed all the time however in modern times new targets of come into scope to take a deeper dive into the tech security industry we have things over to our correspondent trinity trouble. experts are warning consumers and corporations to be aware of crypto jacking as corporations around the world begin to move more and more of their ideas state same data to cloud environments cloud infrastructure is a growing target for cyber hackers. while businesses have embraced the digital age

just so have cyber criminals according to a new report criminals are turning to the cloud to exploit businesses as well as consumer data through malware malware ty's ing phishing rogue gaps domain infringement and social in person ation these cyber hackers who consumers and businesses access personal data and sensitive information cyber security firm checkpoint software is two thousand and eighteen media report of cyber attack trends detected an increasing number of attacks targeting cloud infrastructures criminals turning to the cloud to exploit its vast computational power and multiply their profits the report details the cyber threat landscape breaking down top model where categories which include crypto miners ransomware banking and mobile the researchers found that the first half of the year the number of organizations impacted by crypto mining malware doubled to forty two percent compared with twenty point five percent from the second half of two thousand and seventeen the. research

found that the top three common malware variants in the first half of the year were all crypto miners according to the report many of the attacks were because of the organizations for security practices but others like crypto mining are leveraging cloud infrastructure which leads to much greater profits for quote threat actors lying heroines checkpoints threat intelligence group manager noted that attacks on cloud infrastructure and crypto mining are the latest generation of cyber attacks which the company calls gen vi and companies need to adopt multi-layered cyber security strategies that prevent these attacks from taking a hold of their networks and their data reporting in new york at each other's r.t. . for a brief pause but hang here because when we return we're joined by tom talked with the c.e.o. of could nice's limited to discuss a new crypto currency and monetary system we're back in a flash. what

we've got to do is identify the threats that we have it's crazy. let it be an arms race. period dramatic developments only mostly and. i don't see how that strategy will be successful very critical time to sit down and talk. the idea of spending money to acquire region to acquire territory to acquire wealth is an oxymoron there is no more wealth to acquire the ecosystem is collapsing. the economy is flooded with worthless paper and the species is migrating over to the digital sphere these are the these networks and platforms people are uploading their minds into cyberspace and hope to become immortal so every dollar spent on defense every dollar spent by the pentagon is a wasted dollar that's a one thousand eight hundred seventeen sixteenth century mindset it's completely

antiquated and it's utterly worthless. a few months ago we met the c.e.o. of can isa's ltd and we spoke about crypto currencies in general and some about kidneys itself but today we focused a deeper dive on what is could nieces and for the help we're joined not from london like last time but we have time corfu in the c.e.o. to right here in our studio todd welcome thank you very much thanks for having me back again so let's talk about this you know could you says it's more than just a crypto currency right it's more of a currency system and actually sort of a banking system so explain it for viewers sort of encompasses all. those elements it's a full monetary system actually we're focused in on being fair and honest and secure

efficient and rewarding and really for the benefit of all both collectively and individually so how does it how does it actually work give it walk us through it sure we have a highly unique sort of two tier market structure if you call it that. the top is the primary market and the second tier is the block. and basically the primary market is where the average person the average mom or pop can actually go and mint or create their own money so the average person can be their own but central bank effectively is minting different than mining you just minting it because it's gold it is a little bit different because the gold's already above ground it's already there so it's just like really a conversion between another currency be it fear currency us dollar and a conversion into basically a gold currency and it's something real something real you can touch and feel as opposed to something crypto that you would mine which is based upon i guess computing power and time at a computer the conies is based upon something you can touch and feel in this case

gold and so humid the humid the gold the conies as coins and then what happens it's emitted into the secondary market which is the block turn and this is a highly efficient ryle systems i mean we've focused in on what makes money successful and we're talking about gold it's the greatest store of value that the world of a sane ultimately valued by human civilizations for thousands of years and held its value over time and in the case of cryptocurrency it's a new experiment but we're backing it by something that has a proven track record so then it submitted into the book shine and that's a highly efficient rail system so that's where we make an inefficient medium of exchange ultimately to be able to transmit or transfer value between different parties within the book chain system now the folks that are involved in crypto. those and i am too and i think they have lots of attributes and the main thing is that i talk about is how it's decentralized and so it's not necessarily held by the

powers that be not that i'm opposed to the powers that be but i like the fact that the money and currencies get out there what other sorts of problems is kiddies is trying to addressed in the current financial system is certainly i mean we address problems across different sectors i mean one of the sectors is the banking sector so i mean i go to put money in the bank. actually giving the money the bank transferring title of my money to the bank and so i'm holding counterparty risk against a bank yes sure in different regions around the world it's insured deposits are insured up to a certain level etc but there's also a lot of other scary provisions like bile in provisions and this and that and there's a lot of scary things like what happened in cyprus as well with haircuts on the positives and stuff i mean in a day central system such as else. the gold is actually and the will the gold and silver currency is held in total is allocated to the ultimate beneficial ana so the

end user alternately so you know holding counterparty risk in addition. transfer value between different parties is a lot more efficient from a spade spade perspective with us it's two to three seconds anywhere in the world. from a cost perspective we're much more cost efficient now because it's only zero point four five but if you want to transfer cash say with western union it can be anywhere up to twenty five percent or quite typically fought the fever transferring that's correct and so what did you say yours was as a zero point four four so miniscule compared to that and when people talk about people taking title after they've made a point but is the is that the gold there used or is it warrants on gold that are held in places around the world how does that work the bull you know . so at all times it's held the top all is held by the end user the ultimate beneficial entered never sits on

a balance sheet and if it's honored by the way for a lot of rough summer of years you may not know if you're trading on a crypto currency exchange a lot of times they because of transfer ability they the exchange are actually holding the title and you have what amounts to a warrant but the titles with the exchange you don't actually hold it's not changing in the block chain on to your hand so you this is an attribute that could he says is addressing one hundred percent yes i'm in and that's why crypto exchanges get hacked because the treasury account of whatever the hassle can't gets hacked and next thing it although you know the deposit is coins are gone that doesn't happen with you reminds me of that old famous quote of john dillinger the famous bank robber in chicago you know why you rob banks is that that's where the money is why do you why you hack crypto exchanges that's where the block chain is that's where the money is well let me ask you mean we've seen accounting problems speaking about problems and attacks etc recently and we have seen hacks but how are

you going to be set up with accountants and making sure that everything is done ok and how you can protect yourself against these gosh awful hacks show so there's really sort of. aspects to this with with us so we have face see clearly the the way the top hole is formed and transferred through digital currency. throughout the net zero through smartphones etc now that's so transparent distributed legit technology and you can see it basically on the block. i mean that's something very transparent who else is out there in this sort of space looking at a physical like gold or silver and doing crypto with it is there's a number of other different parties one of the first in the market would digits. look in the case of a lot of these different parties we don't really have competition with everything

we do i mean we the crypto part of the crypto currency part is one but we talk about a monetary system that's unique to conies that's correct i mean we have a full closed loop monetary system with a primary secondary market with crypto exchange with the primary exchange at the top with the mobile banking sector. component and also. we call it a can he says commercial center as well which links into merchants and everything like that and full close loop in the case of some of these others like say for example gold money it's a central centralized platform in addition to that we solve things that gold money haven't been out of solve which is like gresham's law about money grow up draws a good buy actually incentivizing the money to move we incentivize participation in the system where the only monetary system in the world where people get a benefit by actually spending their money and in perpetuity so if you spend a thousand dollars within our system then you actually receive

a benefit on the thousand dollars that you spend in perpetuity forever you keep on receiving a portion of the transaction fees in the entire system so instead of a traditional bank getting a transaction fee when you use your a.t.m. or zinj or something you are getting a large portion of that fee brought back. and this is something that's really held . at currencies in the case of you know gold and silver being remodeled so as it's really held them but because i mean ultimately the hoard for people who wish to make the transaction and convert figure currency into say gold a lot of them don't wish to actually use gold as a transactional currency so we've looked to really combat the problem and really incentivize for the gold to actually be used as a transactional currency. when presented with an option to spend twenty u.s. dollars now or i can spend twenty dollars worth of canape. but i actually receive a benefit in perpetuity on connections and when trees can ace's so that's how we

put it into motion essentially like a rebate on your use now are the tokens or those of lost city tokens that i've read about or the velocity tokens except they are and what sort of value would you have i mean we need you when you talk i know you're talking in the aggregate about gold holding value for thousands of years but had done so well in the last couple of months it was at least a year low not too long ago you know where are we on the what would the value of the last it can he says velocity token equal the value of an ounce of gold know what this actually is the need to make a disclaimer first that these are only available to credited investors in the u.s. so in the case of the can a says the loss the token whoever boys into these is buying into twenty percent of the revenue of the entire monetary system so as you can imagine a monetary systems a business with pretty big bones and if we if we follow through with a with a vision mission and aspirations and going to be quite

a large business alternately we get a really good traction so yeah that's investors and not they get a share of twenty percent of all the transaction phase of the entire system so it's worthwhile looking it up and doing their own research and saying whether it's a worthwhile investment for them so where when you do your launches just as it's going to be targeting investors in the e.u. or in asia you're going to go after some institutional investors in the the u.s. what's that is certainly yeah yeah i've got two weeks of. back to back meetings here in the u.s. with institutional investors that's why i'm here now and also to make you. but yet all around the world luck there are some limitations obviously as i mentioned some made it need to be accredited investors or sophisticated military investors that sort of thing in my. in many countries not that's not the case but yeah welcome to inquire and we'll give answers based on all the legal and how are you dealing with

this you know as a former regulator i'd like to think look i'm you know want to be accommodating but you know we certainly nobody wants anybody to be ripped off in this space and there's been so many bad examples of crip those that went bust except how are you dealing with it so it's very expensive to deal with the regulatory aspect are you dealing with that here or in the e.u. or u.k. well we have a bit of advantage over other cryptocurrency start ups put it that way because can a sis has been born out of an established organization allocatable in exchange which is founded in two thousand and eleven basically it's a full institutional exchange for sport physical precious metals gold silver and platinum and with a track record and we have some of the largest entities in the precious metal space plugged into us and tried in with us. you know there's a there's a lot at stake we're not in the business of trying to do anything nefarious or

anything like that and of course i would suggesting that you think it's really expensive to do the right thing sometimes and and that's why i think there's so many bad actors out there is because it's so expensive and takes a long time and you know people are like do we get the product out there whether or not it's a crypto area saw it melts or do we you know dot all our i's and cross all artes and you know what's the risk reward of the regulators come on us up anyway well it sounds like you're doing everything right that's thomas kaufman the c.e.o. of can he says limited thank you very much. work was thank you. and that's it for this time you can catch boom bust on you tube that you took that com slash boom bust r.t. will catch you next time so on. close. some people some.

people as you know we that the. trees. mostly see him say sit on these guys but yet you seem so. out of a sudden the man just. simple be there joey was. i said i when entering it even if they would not allow me. even if they will shoot we . had all along a million million indeed i'm not i'm not even on the menominee been dotty be chubby don't mind if you're not man enough i thought you got me it will be like army and economy i use.

an independent investigation traces weapons found in former islamist strongholds in syria back to western manufacturers. t.v. reports reveal the manchester arena bomber was rescued from more stricken libya by the british navy in two thousand and fourteen three years before he carried out the atrocity. plus europe's migrant crisis spain takes a new emergency measures to control the flow of refugees all charity in adelaide claims migrant children are being sexually abused the man offered to help and said she. challenge to me in exchange for sexual services has been alone with my father's friend who before continue the journey subjected me to reach you and abuse me. also this hour

a special report from japan and the korean community there the rise of the far right has driven people to disguise their culture and sympathy for the reclusive north. a very warm welcome to the program from all of us here at r t h q in moscow where it's just turned five pm thanks for joining us. batches of weapons discovered in the former terrorist stronghold of eastern aleppo in syria have been traced back to western manufacturers we're now and war correspondent robert fisk identify their origins through their serial numbers and then try to find out how those weapons had ended up in the hands of islamist rebels more details from caleb. this is a weapons factory located in bosnia most likely you have never heard of it but it's here that the weapons were manufactured for one of the bloodiest battles in syria lots of homes were destroyed and lots of civilians were killed in western aleppo by

those questionable rebels. we got it almost exactly eight o'clock in the morning and it happened at the worst possible time just as thousands of children were killed in the school the first shell actually came in between these buildings you know then the children were on their way to school when a mortar shell landed at the end by a few of them were killed near them they went to maher school thirteen year old ream lost her foot in a rebel shelling three weeks ago and i know that this does is that. the rebels launched the rocket and it's ten o'clock in the morning seconds later it hit the national school of aleppo three of the children died on the spot so the rebels and now pushing closer and closer. we're in the al

assad. and the rebels are pushing into aleppo again. by sunset nine dead over one hundred civilians injured. now most of those rebels are tied to the al qaeda linked al nusra a terrorist group but let's focus on those weapons that they used robert fisk an investigative reporter was able to trace those weapons back to that very factory in bosnia he was able to get a hold of the factories logbook and getting in touch with the former weapons control director the director recognized his signature in the logbook and from there was able to determine who the buyer was it's a warranty for the hundred twenty millimeter shell this is standard it went to saudi arabia it was posts of

a supply of five hundred moves as i remember the saudi shipment well the saudis came to a factory to inspect the weapons at the beginning of. twenty sixteen the response from saudi officials was pretty much a denial they said that the investigation was vegan undefined however their response seemed pretty vague as well saudi arabia is a leading voice within the international community in support of a diplomatic solution to the conflict in syria while at the same time working with our neighbors and allies to counter the growth of forces of extremism but it's not just saudi arabia the former weapons director says that nato and the united states pretty much run the show at the weapons making facilities when the saudis came to our factory to inspect at the beginning of twenty sixteen there was a saudi minister and some saudi officers who was they came to inspect the weapons before receiving them the offices will civilian clothes the minister was in

a robe or low production off to the bulls and war is under the control of the americans and nato who are always coming here and they know each and every piece of weaponry that leaves off factory. we also asked nato for a response but they didn't have any details to share even though the weapons were actually made to the nato standards need to doesn't transfer arms or i mean nation for and for the questions we would refer you to national authorities now another trace from the basement of this former terrorist base in aleppo is the markings on the casing of a missile now if you take a look the first number here this represents the type of missile the second number however is the stock number you'll notice that it contains the figure zero one now that's the nato code representing the united states it turns out that this t o w anti-tank missile was manufactured at a facility in the united states by the raytheon systems company this missile would

have been manufactured and sold by huge raytheon absolutely legally to a nato or friendly on the pro american power government defense ministry you name it and they will exist for it's an end use this is to forget it and e.u. see a document of impeccable provenance which will be signed by the bias in this case by the chaps who purchased the town missiles in very large numbers stating that they own the final recipients of the weapons this is not the first time this has happened syria is actually littered with weapons that are made to nato standards and some of which have actually been manufactured in the united states the question now is how much do washington and nato know about their weapons falling into the hands of the very terrorists they claim to be fighting there is a deafening silence a purposeful lack of interest a purposeful apathy and the reason for this is simple the us government and the

military industrial complex and the corporate owned media that functions as an echo chamber for the military industrial complex actually does not care the us government. prosecute those who they say aid and abet terrorism well guess what american war contractors are aiding and abetting terrorism but the u.s. judicial system the justice department the long arm of american law enforcement will not be used against these same military corporations which in fact they're subsidized receive a form of welfare from american taxpayers every year. u.k. media reporting that the manchester arena bomber was rescued from war torn libya by the british navy in two thousand and fourteen that's three years before he carried out a terror attack at an area on the ground a pop concert left twenty two people dead and dozens more injured but the details his political. well according to media reports here in the u.k.

three years before that deadly attack in manchester someone that baby had been rescued by the british government from libya it was part of an operation to rescue british citizens he was taken aboard a royal navy ship and taken from where he reportedly then got a flight back to the u.k. and he'd been rescued by the british government even though he had been under the surveillance of the domestic intelligence agency here that's m i five now in terms of a baby's background he was born in the u.k. but libyan parents so he was a british citizen but in two thousand and eleven a baby's parents moved to join the uprising against the government of gadhafi and his father was thought to have been fighting in a terrorist group called the ally f.g. the libyan islamic fighting group and

a baby was thought to sort of shuttled back and forth between the u.k. and libya for a number of years but he was thought to have been in libya in the summer of two thousand and fourteen and at that point the civil war had got increasingly violent and so british officials made this offer to evacuate british nationals from the country that's how a baby ended up being rescued and by the time of his rescue m i five had stopped monitoring him and the implication therefore is that he was simply considered safe to return back to the u.k. that was reiterated to us by the today in a statement they told us. of the government inquiry into what led up to the manchester attack it found that the decision to stop monitoring a bady in two thousand and fourteen was sound on the basis of. the information available at the time and although they didn't mention by name. this

statement to us they did confirm that the operation to rescue british citizens from libya in two thousand and fourteen took place during the deteriorating security situation in libya in two thousand and fourteen but the force officials were deployed with the british nationals and their dependents i think what the government has been keen to point out is that that decision to close the case and invade in two thousand and fourteen based on the information they had at the time the point they're making there is that no one could have known back then that upon his return to the u.k. he would go to war and to start this sort of downward spiral of radicalization that would culminate with that horrific attack at the area on the ground a consulate in manchester arena last may.