jamie dimon is now a billionaire we know that lloyd blankfein is a billionaire we know that we have we there's construction going on so our whole crew looks very shocked that there's a noise off screen but just so you know we're out in the public that's kind of food truck i'm having some french canadian bacon delivered for lunch so but we know the top one percent have done a lot better than the past was in two thousand and seven because if the ordinary household in america had seventy thousand dollars more cash that means they would have less at the top all right excellent point because crisis magically put together you know this on norma's wealth redistribution to the top so was it was it a crisis or was it a plan obviously a plan so again like if you tune into corporate media if you tune into the mainstream media the very confused about what is going on why people are so angry because saint obama to them was

a great president obama care even though it cost some people like us thirty thousand dollars a year for a product that doesn't actually cover you you know it's all better for the long run now i'm going to look at another headline here that you and i have been covering as well i remember obama when he came in during the financial crisis said that we have to go forward not look back and we need to not punish these bankers because we need to move forward the economy is in a bad place so we're going to look at our s. royal bank of scotland and what they did in america and now they're just paying a fine to resolve this so r.b.s. bankers joked about destroying the u.s. housing market r.b.s. bankers joked about destroying the u.s. housing market after making millions by trading loans that staff described as total garbage according to transcripts released as part of a four point nine billion dollars settlement with the u.s. . hasa cuter is details of internal conversations at the bank emerged just weeks

before the ten year anniversary of the financial crisis we saw r.b.s. rescued with a forty five billion dollar bailout from the u.k. government so u.k. taxpayers which by the way their incomes are even lower ten years after the crisis than american incomes they bailed out their banks nobody went to prison remember the f.c.a. in the united kingdom only a week or two ago the financial conduct authority said there was no evidence they couldn't prosecute they had no authority to prosecute r.b.s. for their global restructuring group smashing in grabbing the assets of all the small and medium sized enterprises here senior executives and we'll go over some of the quotes they were saying these swear words that are going to be bleeped out so you the audience don't get to hear what they're actually saying about the stuff they're selling you and destroying your economy that everybody is now seventy thousand dollars or software i'm sounding the alarm on this for years and usually you know my wings get clipped and some by some degree you know they can't say

anything really outrageous about r.v.'s or these bankers because you know it's not cool or it's uncouth to describe them in the way that i have described them in the past but clearly royal bank of scotland you know when they're attacking british people that's one thing because of who cares british people there are a micro. garbage who cares but when they attack americans like this that's obviously an act of war and america and you know we tolerate less from iran we tolerate less from china we tolerate less from our perceived enemies that trump is raging on about that we are in a trade war or an economic war iran apparently is our enemy according to trump and we should bomb them or we should bomb syria but i'm ok r.b.s. and britain are financially attacking americans in real time with acts of war acts of financial terrorism so it's very simple that. i. i don't know how to make it any

simpler than this i mean these people are well again remember everybody in the world is angry and nobody in the elite media understands why they think it's a conspiracy theory and they prefer that because it's simple that they don't want to look at their friends because look at our pos sr this is let me give you a quote and tell you who this is because you are a banker max i'm going to read you from this article the bank's chief credit officer so pretty senior right member eric holder who now wants to run for president in two thousand and twenty he was the u.s. attorney general at the time he said there was nothing you could really you couldn't really prove they did anything wrong nothing was technically illegal obama himself said that nothing was technically illegal the bank's chief credit officer in the us referred to selling investors products backed by total garbage loans with fraud that was so rampant and all random those are quotes from him he knew that there was fraudulent loans in these packages that he then sold they

included the article of the department of justice of the united states so they they for example sold this cheap credit officer sold this package of garbage to some nuns who lost ninety six percent of their investment well this is so messed up to you so if someone quote from the bankers then the bankers can sue you for libel for quoting them yeah verbatim but the a but they also like they litter all of their crimes and their confessions to crimes and these internal e-mails with swear words that you can't say on the airwaves so you don't even know what they're saying about your product like what they've done to you why i remember the first article i said that the u.s. fed themselves their own research shows that every american household with seventy thousand dollars or so usually an article to see that r.b.s. the chief credit officer for the united states was mocking that they were destroying the u.s. house. mark when is america going to get smart i mean. this is the voters voted

in trying to tear down the system the voters voted and breaks it to tear to destroy the system because if these people are the system this chief credit officer for the united states is friends with obama is friends with eric holder maybe not personally but they are the same ilk so they you have to take down the whole system and perhaps you know this is one analysis we're offering you can tune into rachel maddow connecting you know she has some wacky conspiracy theories that might you know glenn beck elaborate other stuff but rather than the stuff happening on the ground and the e-mails that they're they're saying ha ha ha we i mean one of the e-mails. talks about specifically the guy says well i wouldn't say i'm destroying the u.s. housing market but maybe just like damaging it quite a bit but he says that like he's doing well you know ok well you know that that

banker mentality is what the story of greece they took it down for a profit is what they they are attacking italy other nations for the same reason they talk around ok iran is a sweetheart compared to the royal bank of scotland yeah so anyway you know this is many americans promise to come here to toronto they never did all the elites the sort of people that are on saturday night live or amazon b.c. they promised to come here because they couldn't understand why people voted for trump they still don't understand but now they have a comforting conspiracy theory just like you know after nine eleven many americans tuned in to comforting conspiracy theories that well now the elites have comforting conspiracy theories and that's why they're not living here in toronto. well much more coming your way right after the break so don't go away.

we have new idea watch if he's doing on the implication that she will be back here in september. i find it funny and also to pick up now how does a blip on the album keep quiet about. finding

a few of you who would it be that easy to find a friend that i had in me. plus is that going to take months to people whom. i thought it might have been my little bit of a wonderful enough that i little bit that we are shut out of money coming over out of much of the woodwork to mop up to get a job but it. does this one does fly blues. some borders of. the sea. you can be local.

welcome back to the kaiser report imax keyser time now to go to anthony oreo is the c.e.o. and founder of the central and jacks and the co-founder of a theory anthony walk thanks for having me on the history of decline january third two thousand and nine the protocol was launched by twenty eleven you had individuals in different countries got the message and they become the pillars of those countries the titans of those countries in this space and part of that first wave of ten or fifteen adopters who really defined the space and i think it's fair to say that when he talked canada anthony diorio is big going canada and you have a very. esteemed place in this community that's really remarkable and when people say that you are the co-founder of a theory and use many people claim to be called the founder but there are you actually are a co-founder of it there and you were here in toronto with the taluk and just kind

of walk us through how that all happened sure so i in two thousand and twelve. changed my life right away i've been a technology guy all my life and i put together a few recent years of studying economics and learning how things are really working and learning about what money was and really digging into that and then i put i've had a history of decades of technology so i was eight years old building computers and i went to school for business but just always been a computer guy business guy entrepreneur and then when doing the economics and hearing big like this is the holy grail i understood it right away and grasp it so i set up a trial between meet up group in two thousand and twelve that's where i'm at but the first minute i ever did he was there along with eight other people and through that next year got to know him well and he showed me the white paper right when i was setting up my hub in trial called the central and he showed it to me and i showed it to charles hoskins sin and we started it i funded it and initially up until the crowd silex will see myself and joe solution trauma and central became the first hub for a serial here we ended up selling things up and switzer. but yeah there's those

planes we've been talking about yeah that's fantastic so. far it's very key names in the space shuttles hospice and and joe lubin and you know you talk about is there still a lot of chat between you and metallik on these guys and trying to shepherding this industry going forward because now that you've all become you know successful and if you look at the forbes list of crypto folks you know certainly have to say mega successful but is there still a lot of like chatter amongst you guys and you have a certain responsibility to say this industry oh definitely definitely i'm sure yeah i talked to a number of those guys still and my focus turned away from syria in two thousand and fifteen to continue building while that's which is what my company does we build a wall called jacks and we support that corner of syria all the about seventy different ones right now so i win more of your theory and to try to support the entire ecosystem and i don't want to just put all my eggs in one thing so it's still a big fan of big big fan of a theory and trying to bring everybody together and unite this whole legal system

and really bring it forward so so during this recent price dip you know is the adoption rate continuing what are we seeing during this period typically in the past when we've had price declines that the work continues is that a fair characterization and we're still seeing development going on yeah we're still seeing things happening but it does make it difficult for a lot of companies when when things go down to a fraction of what it was when when you're down you know some something like ninety percent eighty percent it's a lot it's a lot for companies to be dealing with and it really changes their plans of what they do with people still plugging away there's a lot of institutional money coming in space right now and it really shakes up people don't grasp what's really coming here and just in it only for the market pricing really that's all right so since you're and if their income fatter and it makes it behooves me to ask you about. you know it is a coin that folks are caught saying they're not necessarily encouraged by scaling possibilities you have the crypto case seems to be a fair application on it but is it where is the what's the role. on the theory i'm

going forward how do you see that i i'm not sure i'm not so sure i haven't been following it very much recently and because i support so many of the products that we do it's very difficult for me to be keeping track of what's going on with the many different ones i kind of leave that up to those guys doing that there's definite scaling problems right now and there's other projects that are trying to solve that and syrians are trying to solve it itself but. i think over the next couple years scaling problems will be will be figured out and i think right now it's holding back a lot of the benefits that we're going to see from these technologies because there are scalable right now but i think these problems will be solved there's tons of projects working on scaling and working on different types of platforms and infrastructures and i think that probably solves all right i heard you speak recently and he said something that stuck in my mind you said that essentially crypto is all about wallets and wallets are like browsers are the internet ok that struck me as being an awfully smart thing to say and since you're in the wild as a jacks and as jacks i o. write j. x. x. and that's kind of like the best the gateway out of this whole market is through

the wallet and you have got this fantastic product jack but talk a little bit about that what you mean by that is how that's the processor for the space so the age of information that was the browser that really unlocked it for the masses that's what everybody uses to navigate the age of information to move information and that's that's the tool the interface for the age of value for what we're seeing now with the block chain space the wall it's how you manage to move value so it's an interface to the technology that the masses need in order to interact and be able to send and move so that's why i say the waltz into what the internet was the browser was for the internet it's what enables you to manage and move value and that's that's why the wall is crucial to all the different projects right and you also suggest that people who are buying crypto on exchanges they keep a minimum of their crypto on an exchange and move to a while they don't want to lucian either.