america has or this is the kaiser report up here in toronto canada thank you chair a bunch of gays are here and there are like i don't think these quack but they go honk honk big you throw honking and that's almost talking it isn't so if i think they're honking at those boats out there on the water they don't like them hanging around we're still in canada that's a canadian. or. that's one goose over there if they make one to many gays there are a gaggle of us were on this team we're heading into the midterm elections in the united states we're here reporting from the frontline to see if many more americans my friend to come here and there are certainly building a lot of property so there's plenty of space for you here but i'm looking at the u.s. economy because my belief is that bill clinton was right the economy stupid and that's what people and that's what voters care about some you know if you if you prefer

that it's actually a conspiracy theory people are going to vote what putin thinks then you could tune into b.c. you're free to do so and go there and look and sways you're you know discomfort with the economy over there but i'm going to look at some numbers that have been out this week in the united states which are pretty shocking in light of the what seems like global chaos with a merger market currencies with no trade wars all sorts of stuff and f b small business sentiment climbs in july to second highest level in history the national federation of independent business small business optimism index rose point seven points in july to one hundred seven point nine the n f i b said it was the second highest level in history in just under the one nine hundred eighty three peak number one nine hundred eighty three was right before reagan won his landslide in one thousand nine hundred four into his second term. i think that was the year that

that happened eight of the ten components lead to plans to increase employment expectations for rising sales and for expansion increased those for current inventory some plans to increase inventories declined the single most important issue flagged by small businesses were concerns about the quality of labor with a net twenty three percent saying so they're finding it difficult to find people to work you know the unemployment rate is down the labor participation rate is high so this goes against all the doom mongers before the election to trump and and of course nobody in mainstream media wants to focus on this because it be lies their conspiracy theories small businesses and that's where most jobs in america come from small and medium sized enterprises these are small you know mom and pop businesses these are family owned businesses these are the voters of america in the heartland that are very much hated right now in the us mainstream media but they're feeling good they're feeling optimistic so you know if you're if they're tuning

into m s n b c and c.n.n. and only hearing that there's an evil plot out to like we have a manchurian president maybe they're like well you know what things haven't been this great since reagan for us maybe we look like the president. so maybe that is the way to go i mean this is how their conspiracy theory could backfire on oh it's definitely backfiring and twenty. she will probably not hurt trump in these good to go in twenty twenty simply because she's a change agent as i've been saying sent just before the twenty fifteen election you need somebody to come along and drain the swamp and he's firing some f.b.i. crux is that revoking the credentials for cia people that have long gone and they just leaked to the press for some ill gotten gains and is draining this well that's what we want to do it doesn't even matter my argument is it doesn't matter what crazy politike. tweets he sends it doesn't matter who he fires or anything like

that or what his insiders all these of the people recording him secretly that doesn't matter if people are feeling optimistic if the next headline americans are spending like crazy at restaurants spending at us restaurants surged over the past three months by the most on record making a both a bright spot for the economy and a risk of appetites for eating out return to normal sales at food service and drinking establishments. on an annualized basis it's up twenty five point three percent rachel maddow is there saying how dare you get a job americans how dare your wages go up how do you go out and spend money in a restaurant don't you know i have a wacky conspiracy theory that was told me by my corporate overlords to increase ratings about putin interfering with the election how do you know well her ratings are going out and maybe you know that's what she's always going to focus on but she may be surprised when the voters don't vote based on her conspiracy theory because voters tend to vote on their pocketbook they tend to vote on how much gasoline cost

they tend to vote on how much their mortgage rates cost they tend to vote on how good they're feeling one would think it looks like americans are feeling pretty good if they're going out to restaurants and the data in this article shows that they're spending more than they normally do so people seem to be feeling positive and happy and optimistic despite what you would think tuning into the mainstream corporate media here is an apocalyptic situation in which you know fleeing to toronto is one of your only solutions well how come mark zuckerberg has been suspended rachel maddow a facebook page she is clearly a propagandist and she's clearly trying to recollect i personally think it's disgusting and horrid and horrible that people want mark does that coburg to shut down facebook pages because i think he has a monopoly on the one of the public squares of our internet age and he should not be allowed to shut down these pages literally but i'm going to. what exactly

political agenda let's say off an outing with twitter so let's talk about the economic situation and what people might be voting on rather than the conspiracy theories because if you know i don't want to go too much into the conspiracy theories m.s.m. b.c. is twenty four seven conspiracy theory you can go there if you want to delve into those but i'm going to look at some of the data that might impact more of the election results coming up in twenty eighteen but most importantly in two thousand and twenty this is a tweet from ryan cooper the average family premium for employer sponsored insurance is up fifty five percent since two thousand and seven average worker contributions up seventy four percent that's what it looks like on a chart since two thousand and seven member of two thousand and eight obama became president we introduced obamacare things were supposed to get better and cheaper for us in fact premiums went up for obamacare recipients and employer these are employer sponsored so the average contribution per household is now five thousand seven hundred fourteen dollars that's your family the promise of them as you venture to run out of other people's money the problem with the system is that

these health care companies are going to eventually not have any more money to steal or i think stuart so they are going to topple over when they stolen all the money there's no more money to deal people might be voting on this instead it was now it's never been looked into on the us mainstream media that i've seen there are some great people online who write blog posts to do research into obamacare and health care premiums you and i were in north carolina and right before the november two thousand and sixteen elections obama care prices rose by forty four percent just two weeks before the election that is never been discussed in the mainstream media about a possible reason for people voting in a certain way and i'm going to look at another article that also could just to show you the importance of what. you know you and i have talked about how people will kick the elite in the teeth to destroy the system if they don't feel that they're getting something so i'm also looking at like how what people will do what extent

they will do just to have a job just to have a community just to feel wanted and participate in a society japan's prisons are a haven for elderly women every aging society faces distinct challenges but japan with the world's oldest population twenty seven point three percent of its citizens are sixty five or older almost twice the share in the u.s. has been dealing with one it didn't foresee senior crime complaints and arrest involving elderly people and women women in particular are taking place at rates above those of any other demographic group almost one in five women in japanese prisons is a senior their crimes are usually minor nine in ten senior women have been convicted or found guilty of shoplifting senior prison go booking that's a growing market now this is incredible that the senior citizens in japan the women are seeking companionship essentially by shoplifting and being in prison bloomberg interviews a lot of these women and what they found was that yes

a lot of them were just lonely half of them were impoverished because their you know the cost of rent and all sorts of things were too expensive for them to afford so they were provided with the meals and the stability but there were some remarkable things including one woman who said she had a wealthy husband and she wasn't lonely she had a child or two they were obviously grown up because she was in the eighty's but she said you know she was arrested a few times in the first time she was in prison she had for the first time in her life a job and she had never had a job because you're put to work in prison so she loved having a job so her husband wouldn't let her work and she was in her eighty's so nobody would hire her so she shoplifted again to get into prison in order to have a job so here what i'm saying is like when you look. at the u.s. landscape and you look at places in michigan or wisconsin or philadelphia pennsylvania where people used to have good jobs and now they don't you know the

fact that the mainstream media can't comprehend that they would vote for somebody like trump that they personally despise you know the people in the media like what if somebody is willing to go to prison for a job what you know what are they likely to do at a in a voting booth for a job i remember obama's election reelection strategy was to give people free phone the obama phone you know welfare give people free stuff because that he comes from a welfare background trumps. strategy was give people a job you know people want to job they don't want free stuff people want that talking about these elderly japanese women there's a lot of self-satisfaction that comes with a working so trump says you can get to work and we can give you a sense of purpose in life in america we'll give you a job obama's like you have no you know you didn't make anything you said famously we're actually just kind of communist dictatorship we're going to give you a free phone so you can click on facebook and make them rich well actually i might say that free phone program started under reagan so it was something that has been

for poor communities to keep them connected but it didn't work like fox news i think branded an obama phone and when we were talking to a bunch of homeless people in cambridge massachusetts they themselves referred to as their obama phone so is it all going famously got senile yeah also of course we have a system in america where we incarcerate most of our you know a lot of the african-american population and poor people we just put them in prison it costs forty four thousand dollars a year to incarcerate a person but it's the same thing in japan it's adding up the costs are adding up either that the government nor the private sector has established an effective rehabilitation program for seniors and the cost to keep them in prison are rising fast expenses associated with elder care health push annual medical costs at correctional facilities past. six billion yen which is more this fifty million dollars in two thousand and fifteen an eighty percent increase from a decade ago specialized workers have been hired to help older inmates with bathing and toileting during the day but at night these tasks are handled by guards that

the g.d.p. of any country in the world over three hundred percent and we'll come back after this break but remember that opiate companies drug companies kill fifty eight thousand last year seventy two thousand and that's the vietnam war only kill like fifty thousand think about the opium pushing drug companies kill more last year then we lost in vietnam thanks opiate drug companies we'll be right back after this break. when a loved one is murder it's natural to seek the death penalty for the murder i would prefer to be in the death penalty just because i think that's the fair thing the right thing research shows that for every nine the executions one convict just found innocent the idea that we were executing innocent people was terrifying lose just move doesn't mean that we're even many victims' families want the death

penalty to be the reason we have to keep the death penalty here is because that's what murder victims' families want that's going to give them peace and it's going to give them justice and we come in saying. not quite you know we've been through this this isn't the way. welcome back to the kaiser report i'm ask iser time now to turn to ryan taylor he's the c.e.o. of dash core group i guess it is ryan that's right ok welcome to the carson report thank you it's great to have you done great to be here you know dash is a very important element in the whole cryptocurrency space they invented i believe

the master node system am i correct that's correct the master node system just for people might not be familiar is that the miners instead of just all the mining outcome going into one specific pocket let's say the miners it's split into in your case of best three categories one category of the miners one category of the treasury and then one category is the what the third category the third category is the master the master node themselves and then the master node to get the vote on how to spend that treasury that's correct so you've got like a governance thing baked into the cake that's right and other thing about gas is that it's got this treasury and it's remarkable in a lot of ways and the most remarkable thing that's happening right now and the reason we've got john is what's happening in venezuela can you tell us what's going on yes so we're seeing oh large amount of adoption taking place in venezuela it's grown to become our second largest market and really the reason that we're seeing

that type of growth is of course because of what's happening with the bowl of our they're expecting a million percent inflation this year in venezuela and this is kind of the the prime example of a broken currency and what what the treasury system allows the community there to do is to organize and to fund a lot of their activities and so we have conferences being held there by community members funded by that treasury we have help desks that people can call in to merchants can call in to for help with their wallets. we have physical offices that people can walk into and in a small group setting get set up with a wall and learn how to use it and we have boots on the ground out there selling to merchants this concept of accepting digital currency and so. what we've seen is over two hundred merchants a month signing up to accept dash in caracas and other cities throughout venezuela and it's incredible we now have nearly nine hundred merchants in venezuela

accepting dash and the number is just continuing to grow and grow and we're even seeing this extend into neighboring colombia where a lot of venezuelans are living and are able to send money back home using the hash and so it's just an amazing grassroots efforts that's taking root and it wouldn't be possible without the funding from the network itself to make it happen right and you know with gas it's an interesting solution to payments you know there's a raging debate and the big point space is because when is it a store of value is it a medium of exchange and there is a war going on and that they there is a fork's of big coing going on it's all very confusing for most people dash you know correct me if i'm wrong but it said you know what let because be a star value where we want to focus on payments you know we want to get the stuff into people's hands the dash while app is downloaded ten seconds and you're like

you're ready to go you're rocking and rolling your dash and all over the world and so it kind of solves that payments issue and but you bring into people of venezuela something they've probably never had it which is hard money you know crypto money and you know you are really on the vanguard of i what what what i would think would be enough to set toshi vision i mean you guys are doing it that's right we're seeing actual adoption one of the data points that i look to is the number of transactions on the network and that's usually highly correlated with the market cap but what we've seen lie. lee is that in this environment where market cap is falling across the entire ecosystem we're actually seeing our transaction counts go up at the same time that we're seeing more and more merchants adopt it and so i believe what we're seeing is much smaller value transactions on our network and more frequent transactions on our network that is real world use and that is you know what we're all here to see happen and so yeah it's happening and i think dash

is really well positioned for venezuela in particular because it we have instant transactions ninety seven percent of all transactions still occur in the real world not online and we have small fees our median transaction fee is about a tenth of a cent and so it that matters to people in venezuela they're living on dollars a day right and also in the remittance market that's huge because there are remittances intermediaries that's their big names that people know and they charge ten fifteen twenty percent to send a hundred bucks a year saying that you can send value over that over the network for a tenth of a penny or something yeah running at that point the cost just doesn't matter right if you're a solo that doesn't actually ten bucks or somebody's pocket yeah but you are living on a dollar a day that's ten dollars in the standings of life yeah right i mean this is this is game changing world i ain't going to his life changing technology so you transactions are going up even though the price cost the whole trip to space is

down so that must be actually quite. for you kind of good to see because there's a first option that the there's nothing good about crypto except price speculation and certainly in the mainstream media or thomas and the new york times would say it's just price speculation that's all i think this thing is good for but harry now you've got a price dip but dash network transactions are improving are there going up right yeah i mean even accepting other digital forms of payment in venezuela use except a credit card transaction there the money doesn't hit your account until through. days later and it's worth about twenty percent less during that time that's a huge fee to be able to accept digital form of payment and so with instant transactions they get money that they can spend right away at the next merchant and it's far more stable than going down twenty percent every week the stock market adoption because that number has gone up quite subtle is that yes so at the beginning of the year we had around fifty merchants in in venezuela we're now at

nearly nine hundred b.n. a year on a website that tracks our merchant adoption we had around two hundred fifty worldwide we're now up to around twenty two twenty three hundred merchants worldwide and so we've seen enormous growth you know quadrant triple or quadruple digit growth rates and merchant acceptance in the last year it's incredible to see ok now i know as the c.e.o. of dash core that your focus is on execution and operations and technology and you know you don't want you know you're not you're not going to get it into the politics to do much but in venezuela obviously it's a political situation going on there so how do you deal with that the community there is really a grassroots effort and so we don't have to get directly involved and there's advantages to that we can focus on that execution component as you mentioned i think ultimately as peer to peer technology this would be very

difficult for the the government to censor in terms of transactions there hasn't been any indication from the government that they are unwilling to allow this to occur. the services that are provided down there continue to operate they haven't been approached in any way so they're just continuing to push forward and try to add value to people's lives i think it will reach a tipping point where people won't accept not being able to use it i think that you know people have a real need to solve their immediate problems of feeding their families and. and there comes a point when they're just willing to do anything to embrace something that's going to fix this problem for them you know you when you talk about this you know a miser a safety and i were and egypt in cairo during the revolution that took place there they called the the facebook revolution at the time because a technology was used to organize protests and that red revolution against the leader of egypt at that time and it was technology used in

a way that the government never saw coming and they this is every number that knows the history of this but they have the currency to go with it right so all over the world you have populations that feel like they want to improve their situation and they feel mired in the maybe a situation that they're not able to control much and but having hard money what crypto is gives them a leg up on the possibility of organizing a true revolution. do you feel as though that is a revolution in that sense this is their political revolution they and them are to effect is there a possibility of contagion are we going to see a global crypto hard money revolution right i think that having hard money that is peer to peer certainly introduces a great deal of financial freedom to people that don't enjoy very much financial

freedom today whether it is that their currency itself is broken and therefore all payment systems are effectively broken in their in their environment or whether it is restrictions on the way that they can use their money this really addresses that and then i think on the second point i'm unsure to be honest i think that we're in places like venezuela where there is a strong motivator i think we'll certainly see that type of adoption whether other communities or other countries see that much value and and the transition costs associated with transitioning to a new system. money it's not without disruption and so i think they have to see the value their question is can we communicate that value and demonstrate that value to the point that entire countries are willing to you know take the plunge great revolution in the air so well that that's of course the master node system as a revolution the way that's all been set up and so walk us through that again you know full disclosure of course the dash master now devoted in the show that we did

here on our team last year a great american pilgrimage and we had a lot of fun with that and cross country and we spread the gospel to america hopefully that came off to everyone's satisfaction but kit walk us through you know how that master to work again because that really is the secret sauce i think aside from the excellent technology right the way that the treasury system works is that ten percent of our block reward is set aside for what's called a monthly superblock it's essentially a monthly budget anyone is free to put a proposal up to the network that says here's what i want to do and here's what i'm asking for in order to go do that and the mass ruins themselves vote on those the highest ranking proposals pay out first until that treasury budget is gone so at the end of the month a snapshot is taken of those votes the highest proportion rank proposals pay out first and really anyone with a good idea doesn't have to come from dash core group or some centralized entity right anyone can participate in this dash core group gets its funding in this way

and can put a proposal up to the network now in venezuela they identified this need and they identified the specific needs that people needed to be on board in venezuela they needed education they needed conferences and things to learn about it they needed incentives to sign up merchants they need to customer service these are the things that are required to actually see this get adopted and so they put forward those proposals they got voted in and we're seeing a great deal of success with it and now those same groups are putting forward more and more proposals to enhance what they're doing there grow their teams expand the ecosystem and so it really is a system that feeds upon itself and allocates funding towards where success is being seen it seems awfully democratic. it's perfectly democratic and it's more like if i liken it to being a shareholder if you own one or more master notes you get one or more votes in proportion to you know the amount of dash that you hold and so you know it really

is shareholder activism excel a stakeholder activism is it invisible democracy a set of all the posturing of speechmaking about what weil do if i get elected it's like here's a treasury let's all figure out how to spend it right now and i think everyone's lives better today exactly and unlike a shareholder of a company that gets to vote once a year on who the board of directors are that make all the decisions they have much more control over the immediate decisions on a month to month basis right so it's really yeah real time democracy all right a time you want to dash while it's easy just go to dash while on your phone and there it is and you can drink and get involved right away thanks for being on the kaiser report well thank you for having me already take care well that's going to do it for this edition of the kaiser report with me max kaiser and stacey however i want to thank our guests ryan taylor he's the c.e.o. of the dash corps if you want to reach us on twitter it's kaiser report until next time i go.

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from sanctions to syria russia's security chief meets his american counterpart for tops in geneva but one topic interested journalists more than others whether you would ever concerns that iran president is a security risk of course not i mean that's a silly question the us democratic party crisis fall over another suspected hack but the answer turns out to have been much closer to home. and facebook fans hundreds of pages groups and accounts linked to iran and russia for alleged political meddling. a very warm welcome to the program.