who remember he passed that thing called affordable care act. funniest name ever of course because it's an affordable care act if you haven't been here so he was out on the campaign trail helping out democrats and what he said is that we need medicare for all really which everybody was telling him at the time when he was doing deals with the big pharma and the big hospitals and the big insurance companies well i want to look at one story coming from those with medicare ok here's what medicare for all might mean in the context of how our system works here soaring bankruptcy rates signal quote a coming storm of broke elderly study finds the rate of people sixty five and over a filing for bankruptcy grew nearly two hundred four percent from one thousand nine hundred one to two thousand and sixteen a study published by the social science research network found and the percentage of seniors among all u.s. bankruptcy filers increased by nearly five times over the same period researchers looking at data from the consumer bankruptcy project found that high health care

costs combined with reduced incomes and a widespread decline of pensions are all contributing the growing trend of financially broken retirees so it's health care costs is the number one thing we'll get into that data ok health care costs are killing people yes that's that is correct so barack obama of course memory took dennis to set it up in the plane air force one that was just initial it was do health care he wanted a medicare for all had a care for all barack obama but the shoulder lock on loan game a few nuggets and they did decided known and i can do the back down now it's important and we're not going to be able to go into it but there's there are many ways to do single payer. just look at europe they're they have single payer for the most part universal health care but you have the difference like the united kingdom even the doctors and hospitals work for the government to say france or they're all in. similar to here medicare for all there but rates are not extreme here so

elderly once you hit sixty five you go on medicare here these are the cost of medical costs are frequent tipping point for older bankruptcy filings to study found the medicare is a great start for covering seniors health care costs many people don't realize that it doesn't cover everything long term care hearing aids most dental treatment i exit exams for glasses and foot care for the many things medicare part a and b. plans do not cover medicare can also involve co-pays co-insurance and deductibles that may be difficult for some seniors on reduced incomes to afford in fact a study by fidelity found that the average sixty five year old retiring and entering medicare will need two hundred eighty thousand dollars. in health care costs before they pass away to injured eighty thousand a day at a time medic medicare medicare covers a lot more but you will need to if you have any money if you're not on medicaid if

you're not and you don't qualify for medicaid and that's for poor people you will have to come up with two inches and eighty thousand dollars so this is something to also keep in mind when you hear those numbers about oh my god the average american the baby boomer entering retirement only has like fifty thousand dollars in savings probably because they start to think well if you have three hundred thousand dollars in savings well two hundred eighty thousand going to the doctor so you might as well just apply for medicaid you might as well just be spend all that too and in a thousand get be poor enough to get medicaid and medicaid will cover everything so the way to make a billion dollars obviously would be to take take the toss which is this was so cyclic and franchises available all across america so that in towns and amulets from coast to coast they can toss which is an established suicide clinic can take patients who can no longer afford health care in america and go quietly into the long night this is a huge billion dollar play and i don't see why not it's well as if the government

is not asking people to commit suicide size of suicide rates in america are not already skyrocketing why are they going up so fast is because people realize that the government's trying to kill me so why not just make money on it and get the mic suicide you know mcdonald's to get in to get me in a coke fries and kill me you know for ninety nine you know why not jeff bezos could have a suicide drone come to your own and shoot you dead for like twelve blocks right i mean i'll deliver that why not there was a moment when stephen fry of course who is a famous british comedian lives in britain so has the free healthcare system there no no cost at at point of use where he did a cross-country trip in america and he ended in new york city and he interviewed this taxi driver while he was in a yellow cab in the back and he happened to go. to the point where he asked the guy when you know when he planned to retire and the guy said retire i can't afford to retire my retirement plan is a bullish to the head of the sr sing the star-spangled banner why do it that's the

way to go that's the american way and it's our health care so. another remarkable statistic here is out of pocket health care costs for americans on medicare ate up forty one percent of the average social security income in two thousand and thirteen the nonprofit kaiser family foundation no relation to this max keiser those costs are expected to rise to fifty percent of the average social security income by twenty thirty that found i just love these stories because to me like having lived in europe for twenty years and seeing that there's actually like three hundred million people in europe i've already figured out how to make this system work where you don't have to have this absurd elaborate for cock to system of this elaborate system of forcing people to go bankrupt and all the stress and and taking all their lives just in are human right in continental europe you know in france and germany and i think the a case kind of a special case where we all talk about it at this time but in france certainly it's

considered a human right to have access to affordable health care for grill through your throughout your life because the idea is that the government the state the person you give taxes to they have a few responsibilities one would be protect you against let's say foreign invaders the other one would be give you some transportation options to get around the other one would be ok we're going to make health care affordable for you you know we're a huge buyer it's amazing that america people joined a group on group to save nine dollars on sushi with their friends on group on and using the group affected by health care but he said you know why apply that group on logic to health care so that you can afford health care and i will make you bankrupt like socialism i would never. but they get all that because they've been trained by the professional media apocryphally industry and propagandists to run the big media outlets for people to have

a trigger response to affordable health care equals communism and they their little sphincters get all puckered up case so we can hear all across america. but to three hundred million for interest only going to school leaders so you know meanwhile they are going to check in to dignitas and blow their brains out for twelve bucks to make jeff bezos a dollar or so speaking of communism that's in the headlines today as well on my next headline here and apparently with the new neo communists of our modern world china money talks and is certainly talking spanish the. latin america says u.s. has itself to blame for chinese entry into a region that it opposes the chump administration announced last week that it was at least temporarily pulling its ambassadors out of el salvador and dominican republic and the sheriff defector out of panama after the three countries broke diplomatic ties with taiwan in an effort to get closer with china

a us trade abas ery china doesn't recognize taiwan's independence the trump administration is saying that the china's signature one belt one road is actually just said a debt like system and they're just going to load you up a debt taker your assets and your infrastructure but leaders across latin america largely shrug their shoulders at american warnings they need cash for infrastructure projects they need new roads telecommunications equipment and energy systems and china is willing to provide it and ways that the united states has not people want that infrastructure they want simple things they want healthcare you know they want the sort of things and like our masters of the universe are elites are the people who live in d.c. in new york in these bubbles they can understand why the people outside their bubble want this things like a road a train healthy. there probably isn't a system based on a ponzi scheme and if money like you have in america with a central bank in the u.s. dollar it's a like a bernie made off where you need ever more gouging of those around you to support

those at the top or as frederick bost yacht famously said in one of his famous eighteenth or nineteenth century books that if it looting at the top expect looting at the bottom and so america is basically a loot docker see it's run by looters by looters for looters and everyone down the on the latter is equally looting in their own regard in the case of health care because the patients are right there look there's no reason why any of these health insurance companies would start just harvesting people's kidneys for five dollars if they damn sure that's coming to you like here's a loop on for a five dollars off on your next kidney removal that we need to pay the bill that we just sent you for no reason some geithner sent you a kidney you know coupon to get five dollars off your next kidney removed normally it's like a different model that offers more benefits and like a better system like normally like you know if you're american travels to europe like we did and we live there we see that the health care system there is way

better not even just like a little bit better it just is so much less stressful so much less bureaucratic so much easier to think about it and you don't think about it it's easy it's just simple things like utilities watering down five watts or a water yet you don't think about it and then you come here and it's so time consuming so thick with paperwork and just insanity and overpriced right so it makes better sense here on the good geo political geo economic scale here's a quote from an unnamed ambassador who wanted to remain anonymous a diplomat from one of these latin american countries who of course did not want to be killed by the emperor for saying such a thing but he says or she says quote you left some space i did and the other guy moved in a latin american diplomat. told mcclatchy speaking anonymously so he could more freely discuss the relationship of the united states and china quote the reason will work first with the people who bring the money show me the money and who and

i'll deliver right at the top a show is about peace and love and america equates war and nature with love america kills people for love and then china is building infrastructure for people for love there's a big difference and as our infrastructure for love built and have their heads blown off by america for love built i'm thinking about it i think you know you can look back for the last two three thousand years and one can see that empire is only an empire can act violently only they can act with hubris only they can shoot you in the head and take your money and leave because they're the ones that are always exceptional and they're the ones with the shining light city on the hill they're the only ones always glad to do it that's rome or spain or britain or the united states where the only ones that can get away with it right now so china doesn't have that option if they went in and threatened these nations it would be the un would meet and be like how can china threat in el salvador we can't they can't do it so they have to go with money but that money that they're going in with is

america's money that they gave china when they shop in china while more. think about that for a second china is using your money anyway we got to take a break and that when we come back there's going to be a whole lot more don't go away.

when you. look at that is too close to the book but. it's going strong still it's about seeing. just a little. it's become an international norm to say women's rights are human rights but in a world where women make up the majority of university graduates this may not be

true how much more women's empowerment needs to happen. for gender based policies become redundant. welcome back to the kaiser report i'm max kaiser. dominate thomas warbly dot iowa where if into i can block cheney dominic welcome thank you thanks for having me max what is warbly so we're billy's a compliant. financial services block chain really at its core come to life not deal with that and have insurance and not have to worry about their private key and

it is insured while an option ok so all these while it's an exchange is that the problem's been they've been hacked go back to mt gox hacked and there's been many exchanges in a while the systems that have subsequently been hacked so you got insurance company to back you with it and sure it's product for your wallet is that correct or how does it work exactly we have an underwriter there we've been working with them it's going to offer an insurance policy it's part of the procedures that we're creating so the fact that users will go if you will is that they have to go through i mean i this is the first insured product of us type i think so i'm not aware of anybody else who's where one of the first say yes it's certainly an innovator fina so i mean there's certain astray would be loath to get involved in this because so this is part of maturation of this asset class now if you've got insurance companies coming in and saying this is insurable that's pretty significant in terms of respect given to this as an asset class. so what i'll tell me more what else what

other features you got on other what's happening part of the insurance is that there needs to be security right they want to know what their downside risk is so we're going you know publishing our security protocols with them and public to to everyone but there's going to be auditing of depp's on our chain for security you know what opp what measures are they taking or not we have a what's called a pen testing company penetration testing that we're working with that will kind of . white hack outlook ations on the chain to make sure that they're safe because this is all the things that insurers want to see they just don't understand watching and they're going to insure it eventually but most companies don't understand the other features are in the user account we'll have. you know sort of a dashboard where people can access depp's and the m.l.k. y.c. data will always be private to the user controlled by the user but the dep skin who require this type of compliance will query the user and the user can decide whether

they want to release that they are in fact verified and so there's kind of a whole interchange here but we hope that this experience for a user will feel like a google account does right now and then you can click to go play you could look at all the apps for your android or whatever how old is this company. about nine months so we started january and so when you say a financier funded you're funded outlets to have count they're well interestingly it's not that high we have about thirty people on the team they worry about project . everywhere everywhere so i mean here we have people in new york west coast london hong kong australia just to engage in any jurisdiction shopping in other words a lot of crypto companies like you know why we got to be it's what's already got to be in malta we've got to be in this country because that's where they like that's what they want us they want to see they want us there i do are you looking at that in those terms absolutely so when they find we're forming a foundation now we're going to use singapore we think it was kind of singapore or bermuda we picked singapore because of the fantastic you know them offense at based

i have a lot of developers right our developers at some point they were holding companies hostage they were saying like were developer are you need to pay us a lot of money and the market was right tights is that still the case or because of the crashing krypto is the price for developing coming down i think we've been fortunate that a lot of people who are block chain and a kind of evangelists and innovator. years see the need for what we're doing so we've had developers who are willing to work for our token at this stage yeah by you know what i found is that developers are really nice for a while until they're not and then suddenly they're like you know what they all day i have a case you're attacked and i'm you give me a lot of money or i'm going to blow down you know they're they're not credit they're not credible people for them and what i found for the most part they're kind of scoundrels have you found out the beach or not yeah. i hope i don't have to find that out you know as a college friend of mine so i've known him for over twenty years helps and you're

connected to a house in some way yes so i was part of the team that helped develop one of the first or the first iteration of the work proposal system and we just put out our sort of bid to the community to see if they like what we did worked with thomas cox on that and some other folks in the community for the last six months so you know this is out there campaigning with a fairy am and card on a platform coins like why do you like else if you like else why do you like yes versus all those other coins ever thought on yes so we looked at a lot of block chain sort of the idea was right we wanted to bring financial services to the watching what watching should we use and that was kind of a january february experience and ios first and foremost the transaction speeds think everybody understands that fastest in the industry right now as far as i know are close to but account recovery is critical meaning the do this this way in which ios has a billet e for me to designate max max as my good friend i trust you if i lose my private

keys i can call up max and there's a process and a procedure to recover that with a sort of a real life person like a trustee and dan larimer is a smart guy you know he's behind you know what is behind steam behind another want bit cheers bit shares and this kind of this kind of this idea of concentration in the network is one where because they say well it's distributed but you know a lot of miners are kind of down. naming in asia and is it as distributed as we really want to be distributed and so he seems to be distressed that with us was his designated black shane producer. for state delegate a proof of stake i should know because i'm involved in one of these things so so that's been up and running for a while what's the verdict so far i think it's fairly distributed as far as if you're looking at things like geography would be the example in delegate of proof of stake like are we representative of global regions but there are some issues i

don't think anybody would lie in the voting there's probably some bloc producers who the community. you know are kind of just backed by some wells and have a lot of votes and maybe aren't great i've heard that one of the block producers is typically in the top five in standings is extremely slow and fairly technically behind the scenes some of that because early days a little bit of friction there pushback in terms of maybe some political shenanigans going on a bit but the idea is that if you have i think a twenty one bloc producers are in the main group and then those voting is continuous and so there's a site this continuous kind of like rolling democratic process that is trying to weed out the weekends yeah and it seems i've done that so far i think and i think that think that the twenty one black race or same as a whole to be fairly robust i agree and they're down to almost fifty paid positions now so in the back ups so the twenty one are your main producers and then there's

backups who are voted they have to get at least point five percent of the vote for their their block producer team and so you know we're out of fifty block producers are actively being paid to secure the network and engage and so what are you going to be in a year from now what's a goal goal for you we're for five years from now what where you want to be so a year from now we hope that there's hope at that point dozens. dozens of of you know decentralized applications running on chain that our user base that has grown to we're projecting hoping to meet a goal of a million in the first year users. so the net the second wave will be the challenge that will be when we get i think outside of the existing block chain community and start bringing in the people that don't know much about black chamber can hear about us through our marketing and p.r. this this account that's easy to use and then applications that are driving people to it you know that's really the goal is to just keep expanding that i'll go right

down economist of warbly dot i thanked me on that as report thanks for having me all right well that's going to do it for this edition of the kaiser report lets me max kaiser stacy herbert want to thank our guest dominic thomas of warbly w o r e l i dot iow if you want to catch us on twitter it's kaiser report until next time i'll. join me every thursday on the alex salmond show and i'll be speaking to guest on the world of politics sports business i'm showbusiness i'll see you then. in twenty four to you know bloody revolution to the demonstrations going from being relatively peaceful political protests to be increasingly violent revolution is

always spontaneous or is it you know lawyer here to put it put him in your list put me in the new bill is that i knew pulling you over the former ukrainian president recalls the events of twenty fourteen. those who took the lead invested over five billion dollars to assist ukraine in these and other goals there will ensure a secure and prosperous and democratic. because there is no power in libya that is powerful enough to take over the country all of the powers they can fight for ever and they do it with really over the last four five years that's what they did they just kept fighting and fighting and fighting and nobody was able to win in a fix the only thing we have from all of this is destruction of the country is the killing of the young people and the innocent and good life will be good because so

miserable in the country because of all the. ministries police forces and city administrations of many countries depend on one corporation and that was why mike was hopping on the board just run from the eyes of god i'm stunned just adama's down the guns of the. woods as that he that he got on into the sea at the last of them proprietary software you don't know the source code isn't that a such a security risk when you have a black box operating in the public eye to microsoft's dependency puts governments under cyber threat and not only that some think office can put more on. the sense of the selling this is also one of them will fall into the wall in this field or all of those. things and all this in the

arsenals of the host i'd be done with the all business stopping them was listing all the fun is up and his cards on the fine. terror groups claim an attack on

a military parade in iran killing at least twenty four as the country's. war with iraq. u.s. state department accuses the syrian government and its allies of assisting terrorists in the country we examine whether their claims correspond with the reality on the ground.