current structure for enormous mining and proof of work is to get around government control that's really what bitcoin does it allows you to have money that is much much much much harder for governments to control than all the other previous alternatives and that's really what it's what i think is important about it so there's talk about the nineteenth century the gold standard in a period innovation and say about reading it there's some very straightforward logic air that during that period with the gold standard which was kind of near the industrial revolution you know part of the industrial revolution was that you had standardization you know screws are the same size wrenches are the same size and the centerline so the gold standard had global trade and everyone traded with the same value per ounce program which florist which had global trade would because money was not like a five trillion dollar a day for x. market absolute where there's always variation is fluctuation in every can't plan on what you value of your output going to be because the currency is constantly in flux when we went post gold stand absolutely i think that the move from the one

universal global money into this national currencies in one country might just be the greatest technological regression in human history you know we the idea that in one thousand nine hundred you could travel all over the world with gold and you could measure prices of goods and services and products from all over the world using the same unit which was constant in its value is it was an enormous idea is enormously beautiful and powerful thing that allowed the economies of the world to grow it allow global trade to grow in the most innovation you argue that we've ever seen in a concentrated period in the twentieth century would just kind of variations on things that came during this cold yes if you're in the other you know we like to think of technology is always advancing but i think you know the zero to one kind of innovation the most transformative innovations we've seen where nineteenth century innovations in the twentieth century improved on it in fact there's also data that shows that the percentage of into the amount of innovations per day per capita in that period was higher than it is. today and i think the reason for that

is related to low time preference led to the ability of people to think long term and also relate to the fact that there was this one unit whole of the world that allowed businesses to plan very well they've seen you know how to cut it up but all that is to safely and brilliantly and capsulated in this then volume which is a classic instinct thanks for being on the kaiser play because so much for having a nice pleasure that's going to do it for this edition of the kaiser report with me max kaiser stacy i would like to thank our guest safety and author of the big quite standard if you want to reach us on twitter it's kaiser report until next time by all. the way to the united states is dangerous for most of the illegal immigrants.

costume dramas tell us that there was a simple i want to take on lost and i won the last post on this but i have many of them look for refuge in the so-called sentry sides of the draft used to share information about undocumented migrants with federal authorities how to best person as bank of mom. mostly to point out. that at best i'm not getting a lot less and that more that. they have to watch as they all she has to stay in the country with donald trump in the white house all the cobbles. both of you have missed the hook to be about to be. a said sit stuff out of many couples won't. kill the chance of putting food impulse response both of you up with a good hope about. i've been saying the numbers mean something they matter to us as a rich one trillion dollars in debt more than ten white collar crimes happen each day. eighty five percent of global wealth you want to be all for rich eight point

six percent market saw thirty percent i just want to hear some with four hundred to five hundred three per circuit first check and bitcoin rose to twenty thousand dollars. china is building a two point one billion dollar a i industrial park but don't let the numbers overwhelm. the only number you need to remember is one one business shows you can't afford to miss the one and only food but. again it's natural camera. roughly once they showed some list for them. to judge uncool videos and so. with the broccoli string. going down more on string i don't rightly don't t.v. . the wave of fire bombings hit sweden just weeks before parliamentary

elections prompting intense speculation over who started the well organized attacks . trump says former cia director john brennan exhibits erratic conduct and behavior and revoked his security clearance threatening a number of other officials too with the same measure and armed gunmen stormed the military intelligence century couple with the city still mourning thirty four people killed in wednesday's suicide bombing at a school by islamic states and is the economic standoff between ankara and washington gets worse turks vent their anger by smashing up their i phones. for the welcome it's eleven pm here in moscow you're watching international. now

more than one hundred cars have been set ablaze across sweden three weeks ahead of the september elections it's believed the fire bombings were coordinated in a prank takes a look now at the timing of the arson attacks and how they are staking tensions ahead of the electoral race it's not even dark people look out their windows and see this. i the first train of thought the locals are just completely baffled and can't squeeze out a word a few moments later the erupt in sheer fury and they scream. their next thought is is it. unsafe to leave their homes now the hooded thugs smash up and burn mostly cars they know what they're doing they know how to do it the our

team in the last few days there were almost identical scenes everywhere you see a flame i can swedish media say at least about one hundred cars are now burnt out pieces of metal police have made a number of arrests but basically the country still in the dark about who's behind the menace who was overthrown for it. you can. hear from there. in about three weeks swedes will be voting for their new parliament well now politicians there have more things to worry about than stuff like their election promos for the most any custom have the question has to be asked of those people and if there's no one to hack who are you doing what do you think you are a bomb if you destroy the whole area of the neighborhood for the children on their way to a free school you have to see turns out cause we're going to be hard response from society any of us are somewhat strong words but not as emotional as society which

clearly wants the ones in charge to get it sorted. such neighborhood disasters don't come out of nowhere when it comes to all kinds of street crime lately sweden's been getting less and less safe what i was attacked by my people they took my old bike home and there are increased number of shootings has gotten worse in every way the police man said that he had never experienced anything like this for changed i think. it is not the sweet and tender and when the years of ignoring the trends backfired literally with flames some of the. lete chose not to talk about the state rather they came up with conspiracies or in other words pointed the finger at right wing extremists some quote unquote

dark forces. they want the elections to be about arsons they want to fuel discussed and fear i hope the whole thing is not orchestrated by the dark forces that threaten our democracy and our independence. last night's events with my mom fled before the election were well organized would not surprise me if the extreme right were involved in some way a false flag by the extreme right version is popular among some journalists to. visit inside desperate to resteal explain the attacks including blaming them on rush in strength to for man to invest before the election in. sweden democrats sympathises of running around in the suburbs burning cars in a coordinated action to direct criticism of the suburbs population in the hope of favoring s.d. to make sure sweden can dodge any russian efforts to screw up its election

stockholm has even splashed out on the media so that they could wipe out the neverending fake news that was only to be hit by a wave of homegrown conspiracies before the police had at least something solid for the public ilya patrolling co r t o swedish police say that similar attacks have happened in several towns in previous years but on a far smaller scale we spoke to swedish democratic campaign kent ecker all through his party has sparked controversy with its own team of gratian starlets he says that people are starting to realize their country is not as safe as they thought. the situation in sweden has started to slip out in the international arena when people suddenly realize whoops sweden is not a nice little this is a country thought it was but now realize what the hell happened to sweden and so this has been on for a long time and we have made your arsons unwired many years back i just saw some

statistics that. the arson attacks in cars with intent. has gone up from twelve to thirty percent from nine hundred sixty seven to one thousand five hundred cases a year or something and i mean it's been going up in actual numbers to. the former cia chief john brennan has hit back at donald trump who revoked his security clearance brennan claims the president simply can't take criticism that's why the president revoked my security clearance to try to silence anyone who would dare challenge him mr trump's claims of no collusion are in a word hold wash. and is the word say that many other officials could neither suffer the same fate as well with more details his smear account exercised my constitutional authority to deny mr brennan access to classified information sara

sanders spoke to press and she said the decision to revoke brennan's clearance was based on his erratic conduct and behavior of defending the move as an effort to secure classified info from someone who has helped foment division in the past and clearly has a very partisan leanings the most divisive president an individual who basically portrayed his nation he routinely lies betray the women of the f.b.i. they deceived and betrayed the american public and he misrepresents the facts and reality is a betrayal of the nation but this is not abnormal president john brennan left his position as director of the cia back in january twenty seventeen and he now serves as m s n b c's senior national security and intelligence analyst but this whole debacle began last month when senator rand paul called brennan's motives into question asking if he had been profiting off of his clearance by divulging secrets to the mainstream media his exact words he even met with trump asking him to revoke the clearances of not only brennan but

a few other prominent political figures i am evaluating action with respect to the following individuals james clapper james comey michael hayden sally aides susan rice and german cave peter sure lisa page and bruce or security clearances for those who still have them may be revoked the most important things that have happened in u.s. politics in recent years is there's been a realisation that everything is political in other words that the federal bureau of investigation the cia the n.s.a. all of these u.s. agency is not about politics it's very apparent when you have figures like brennan and komi intervening in the public to put. these organizations and individual. operate with very considerable politics they are clearly very anti trump has been all along when they were in office and continue to be now and i think that's very problematic for the united states because what it means is that. these these

institutions that were once seen as being fair it just because of the law being questioned i think it's a good thing that they're being questioned because they haven't been fair and just but it's also very disruptive to the american system as. a military intelligence compound is being attacked in the afghan capital kabul two gunmen have been killed by security forces officers finally took control of the building from where the gunmen had been firing at the compound and it by university was also placed on lockdown a group yet claimed responsibility for the attack when this latest assault does come as the country's security services struggle to deal with the spike in terror attacks. which. my friends and i were sitting an exam in class the first period finished and

we went out for a great time afterwards all the students return to class just two minutes later the bombs suddenly went off when i heard the sound i couldn't feel anything. when i'm alone in. the. united nations continues to me tame the nobility solution to the sick to my country.