the problem with our fear and derivatives based system just an rosenstein desire to improve people's lives by making everyone a little more productive was noble but one of the central economic challenges now facing his country is the remarkable stagnation in wages for half of americans despite the remarkable growth and productivity increasingly extractive financial sector is in part responsible that sector could be arranged in other ways including tighter regulations on trade in higher taxes on finance or a stronger labor protections to protect workers from layoffs and pension rating by private equity owners and incentives favoring job creating investment over mere speculation such measures could help to solve the underlying problem by preventing the capture of gains from growing productivity absent such measures and initiatives like rosen's teens would bring the change it promised it would serve to further increase an abundant thing likely to be hoarded by elites of productivity and set of a scarce thing that millions need more of and that's wages well it sounds like israel

inventing slavery what they're saying they're suggesting and i believe is that the financial sector and we can see that we've covered that chart since one thousand nine hundred seventy one when we went off the gold standard you do see that productivity has considered continued to increase rapidly in america that means that the american worker is producing more and more g.d.p. per day per week per month per year and yet their wages continue to go flat or down the economy does continue to grow and that's because since we went off the gold standard bankers and the financial sector especially are able to capture that productivity through financial derivatives through financialization of the economy whether it's through the financial education system of financial health care system they're able to capture any gain they measure to a penny how much productivity has increased how much more g.d.p. is and they just steal it. they don't need to give it to the worker i repeat israel

had a slavery and what i mean is slavery is highly productive you're getting a lot of g.d.p. growth for not a lot of money you're getting g.d.p. growth per hour per day per hour and there's nothing more productive than slave labor except for maybe prison labor. so all of these innovations like the like button is a way to turn what would ordinarily be a productive workers creating wealth for themselves into slave labor creating wealth for mark zuckerberg so this is all about neo slavery and this is all about the robots who are taking all the productivity and passing that on through labor arbitrage to the pockets of the tech elite and they do it channeling through the financial system which isn't totally the hands of the same one thousand bankers and technologists who make all the lost since ninety seventy one when we went off the gold standard we'd have ability to financially as the economy and then you had

reagan come in and eighty's early eighty's and then you could have the deregulation which allowed even a greater explosion of financialization and then you had bill clinton who introduced got rid of glass steagall and introduced the commodities modernization futures act which really allowed for hyper financialization of the economy most importantly that and you see as soon as that was introduced you see it like the explosion in the fundamental basics of life like health care like food not so much food ok health care education all those things you need to get ahead so i think that has also kept people from the wages being ever lower because people need even a little bit of money to pay off the interest on their credit cards and their auto loans and their student loans in particular and pay for their obama care and things like that as they say that money coupons are in exchange for labor and then those coupons have to be spent on the government own government subsidize collect the

class really own health care system again using slavery as a model they had the company store right so you got your dollar a month in slave wages but you had to spend at the company store we have company stores now for sure. star system well the health care system the telecom system your mobile phone your anything you need health care you have one hospital in the area you only have a few options you have three or four options i don't think you're using all the money they feel like printing at any given day but the purchasing power of the money will tonsil a collapse if you don't have the ability to print your own money you're going to be a slave but i wanted to point out that you and i have already pointed out in kai's report in particular i did on a previous episode of like in the past year or two that this is kind of like galt's gulch you know that. the atlas shrugged that this moment where the workers as they are in the atlantic which is more mainstream you know corporate

media is they're also seeing that the financial sector is capturing all your productivity growth so why work harder why produce more when a banker is just going to take it so what they give up right is the same sort of notion that atlas shrugged said would happen in socialism but that's because we have we do have a form of socialism which is socialism for the very very top one point zero point one percent and i think as well on this in terms of the productivity gains i think this is why the people naturally came up with crypto currency s. which are immutable and uncensored ball and you can't you can't copy you can't you know create counterfeit bitcoin so i think this is a way for them to take back their productivity take back their wealth because if you engage in that system it's clear as even the atlantic is pointing out that they're just going to steal any of your hard work well you mention iran's atlas

shrugged as a seminal bass i would also put the book of the road to serfdom which is a key on against socialism should be applied to financialization sure because that's another road to serfdom. that we're all experiencing if the economy is entirely controlled by the financial sector in the financial sector can print money to award themselves and not circulate that money amongst the general population and the slave colony the penal colony called the united states of america then they will benefit wildly as they do yes i also might say i believe it was marx who also predicted financialization would do this but. was writing about the tyranny that would be caused by socialism so i want to turn to the charity of financialization and i want to turn to this next headline if and you tell me just listen to what this patent that was awarded to amazon you tell me if this happens like some dystopian nightmare to radical nightmare amazon has patent

a system that would put workers in a cage on top of a robot a patent amazon has received what pair humans and machines in this case the humans would be in a cage the patent was called an extraordinary illustration of worker ellie nations and city administrations of many countries depend on one corporation that does what microsoft want to avoid just one from what i was. just going to gun down with guys that got into the city at the last of the proprietary software you don't know the source code isn't that such a security risk when you have a black box operating probably got to microsoft dependency puts governments under a cyber threat and not only that. will. still need. to move to. the

suv. this is. done. in all patients stopping the war from student loans and fund is up in his cards on the sly. so what we've got to do is identify the threats that we have it's crazy confrontation let it be an arms race is on off and spearing dramatic development only personally i'm going to resist i don't see how that strategy will be successful very critical time to sit down and talk. with nor make us manufacture consent instead of public wealth. when the room in clusters protect themselves. with the flame

a merry go round lifts only the one percent. who ignore middle of the room sick. the real news is. it's hard to imagine decades after the war a nazi doctor was still active and rich in the nineteen seventies crittle had as the chair of its board a man convicted of mass murder and slavery at auschwitz a german company grown untold develops an admired drug that was promoted as completely safe even during pregnancy. it turned out to have terrible side effects what has happened to my baby is anything paul you know she said is just cut short arms minix a little mind victims i have to this day received no compensation they never apologized for the suffering they're not only want the money i want the revenge.

welcome back to the kaiser a forum as guys are trying to turn to allah k'naan e.a. of these to toshi censor in botswana she is here for the d.c. speaking black block james sun it should be speaking at crypt springs of palm springs california in early october konami welcome back thank you even on the kaiser for a couple it's on a focus you in botswana and now this is so if you're center's been a big success and drift on because it is such a huge success that you are now part of this growing global movement of crypto and big cohen and so you got involved back in twenty fourteen so tell us about your how you first got involved when i started the. delusional movement and was on

excited over something that was let me try to continue because i had a son west of it a sick and aged ten to twelve so i was looking for ways to with one line in which i can make money to help my son so that i can he can get the height and lung transplant so i go to a cross between through that twit and and i went on one foot on business that never would have paid me anyway but i lost my son although at the end of the day so i create their own thing in the between being so i just hope then twenty twelve and then they turn anything to say to something was led by you may have all this between thing that i have lent so i was like ok let me go big and study this thing now that's who understand what this between thing is what about so by one big i said it would be going and that's when i decided to form a community of people so that they can come into them about between sold drink if

they tend to be fourteen i had a community to about twenty people that twenty minute ups and i was doing more of that you know and then later on twenty fourteen in. just at a used by this i thought you center is this and how i would be teaching young children and know this and which would develop us to try and find solutions for africa using the books and technology now i was at the a black lauching summit as well and you know one of the themes i picked up at the at the summit of the conference was that in africa it's a country where they have incredible resources it's the richest country in the world far as resources in confidence expanding and then it's also of course suffers from wide scale poverty because a lot of those resources have been extracted yes taken away and but was it my right to say that africans look at bitcoin they see it as a way to maybe take a different path away from the the colonialization that they fed to deal with the

the imperial ambitions racked the continent is that a fair statement i think for many say between two of them is a which we knew about it themself like from financial profession between also and i give access to financial access to almost everyone you know you may want to continue on money how you use it and how you know how you spend it and how you get it nobody controls what you do that's much so i think for many african countries they look at the technology behind the two of you and go change as something that can help them create solutions that will benefit the people on the ground and that is why you find people talking about creating and off we can see that would be big big by sources that are found within the different countries in the continent so i think that's the whole idea i mean they have. to control some but to want to know help you you know to have little social state you know country and so there's

a toshi center that you started up and what tell us a little bit about that right now. i wanted too. so i can take a kid from six year old to fifteen to educate them on one coding to teach them how to code and have young develop us like the graduates from universities one would braid one of the programs that we're having is the issue of unemployment student going to get from universities and they don't have a place where they can go and wait so my vision was additional as to be able to take this guy doing aqua buddha studies also for engineering to have it plays way we can go the end of what broke chain different broke chains like. nextel i would need a little stella a few months back like right now i money to have some guy so for us i want to have a view as also and the santa so and the moments what is opinion would develop us only this side of the kid i was unable to do it was a local resources but i would give it up i think for now what about seventy little

buswell working on different solutions for africa for what sign up for that's going to awake for africa so that's what we're doing it's a percent how we are up and running we have based in one hundred seventy two any song you know now it wearing the shirts that toshi is black sinclair skinner was on the show and we were talking about this what does that phrase to toshi is black means you been blake. is to spin it to somebody is within you i mean if you are able to associate with you by rights in the people of any mind the last group you have like so been black so he's a black means anybody who is able to associate or too late to the peson always mean the lies with the person who needs to be in power and so did you play so i'm such a machine right it seems like it's more in the keeping of the spirit of the creation of big like a lot of times in the community there's so much infighting now with these different coins in different communities they seem to have lost that spirit side of it that

that the reason why it came into existence to begin with let's move on to just talk about botswana here for a second so sense in depends. one thousand nine hundred sixty six botswana has one of the fastest growth rates in per capita income in the world transforming suffer more of the poorest countries in the world to upper middle income country with the standard of living around that of mexico. it's a fantastic story. because i've been a part of that or is it going to be a part of it or oh house tell us a little bit about all of that was happening happened not because of between i think because we would a lot of those we had good governments one of the things that is happening which one is that we have good peace and little peace you know sometimes peace of his own aides with if there will equanimity so i think because of the political meteo for my country that's why you know able to control that is also sometimes that we have and i think in the future that's when when i have a lot of the between economy. you know been part of the economy it's on so i know

we like the government is there listening as to what exactly is the government you know a dialogue with the government going along with the pickling i think we have seen a lot over a little bit of a progress compared to in the past and i'm going to head before the government seeing our. deal with council cuttings who they should go with from from ground zero one from cryptocurrency to know that ses you know you should be careful you know if you say you should listen don't do it usa might do it but be careful and also they say any business that is doing should go through china that delayed you station process if you are going to transfer money that you find an exchange you can go and reduce that with that would that would that include has to say i'm running and between business i think u.s. seen a lot of positive things like i right now on the eighteenth of september there's going to be training it was on a novation hop and you know one of the program that one of the things that i saw in

the programs that they're going to be talking about broaching so for me i see positivity i see something positive that's going to come out of that you know you know you mentioned. about botswana and the economy and the growth there that it you mention the word peace you know it's a peaceful country and you know trade and trade amongst people tent promotes peace yeah and when you have hard money like gold or nia because when you have fair trade any of these. money unbacked money that's pretty by the government with no accountability that you like in the u.s. that people say the u.s. dollars backed by the pentagon is backed by war it's backed by even paul krugman to new york times as backed by violence so it seems in keeping with the spirit of botswana to have a currency that is promotes peace is that a fair statement yeah i'll think so because one on that. disk would. mean three

but tell me more what i'm learning something. new is that is that what name of the current c.e.o. the current to be the new piece and it's called rain rain and i threw up that sustains life when that is the day when it would. kick in i would sue that girl fad you know i would sue i mean so i think just my having calling it buddha to me yes means you know we believe in this incest thing in the lives of the people who that time was on missile. and no i don't care so let's talk about this for a second because they say that money is only good to be as effective as you can distribute it you know and not to be crude but they say it's a little bit like in the farming industry they talk about manure and they say you have to spread it around for it to be effective so as money it's similar has to be distributed and in the united states for example the central banks of the banks do not distribute the money at all they hoard the money and they cause social unrest

heroin addiction and war so i take it in botswana with this idea it's a much different view toward things i think the reason that they've quoted that's one reason but for now i'm not sure if the cutting season really be sort of becoming everybody i'm not fishel because right now like i said there's a lot of unemployment still and i mean women for there's a lot of things in this crime it causes people doing drugs of course it's all that i think if maybe you can go back to the to the origin of saying why we. don't know why they did but that's my my own description of the and i walk out and see but there's a little back in our country know if we're not young people on unemployment so if maybe we can have a good distribution all money and maybe there's a basic income i'm of the view that people must have a basic income a suitcase income for everybody you know that to close at people to have like that equality gap now you spoke about creating

a scam free environment in the crypto space to talk about that a little bit yeah i was saying right now we see a lot of people that quote them so of and i spect when expect by they don't even have like the right foundation they don't know exactly what that doing but because that is this in the show quite often going on everybody tend to come up with projects that just the white people had but there's no way to model that is nothing and they raise money. of money out of the people and people get scammed so are saying to people if you want to build an eco system that is full of integrity and we thought scam you must yourself time to let things take your time i mean be willing to be a student if you are out to any business doing into land take time to let you know take to it is what he has to build you a project and have people that can advice you sometimes the advice i can tell you wait don't do this when they say would they don't say don't do it doesn't take

a time fest so that if it is a new problem i would to deal with it so that at the end of the day you would be able to run a business that is like full of integrity and another thing that i was advice in people is that before cost don't be the people know you as the one that is that i guess i could you send and that also said that there is this thing that is happening inside boost and don't be such as you sent to and tomorrow you are something and tomorrow or something because if you are not focusing on one thing or focusing so you must be able to for cousin exactly what you want to do what is that you want to build excellent advice focus your focus will say integrity is going to be paramount yet let it be patient be patient i mean those are the things that can help you to build. and it was a system that is full of integrity to end with a scam otherwise you end up you know doing things a scam to me is seeing and when i run the center to educate people to work

with instead of putting it into putting you was and maybe i do and i sue over that and people give me the money to say i'm going to run the city center the way i told them what do i keep and then when i receive the money i don't do what i say so that is a scam so yeah we're really with that america and i thank so much for being on the kaiser for we look forward to seeing your crypto spring is coming up in october as well that sounds like a fantastic event that can be on the show thank you so much offish it all is going to do it for this edition of the ca's report with me max kaiser and stacy i would like to thank our guest alec a nonissue is the founder and she runs a suppose you center in fricken botswana that's a long way away and if you want to catch us on twitter it's kaiser report until next time.