well need two hundred and eighty thousand dollars. in health care costs before they pass away to injured eighty thousand a day out of 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 hundred 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 is going to the doctor so you might as well just apply for medicaid you might as well just be spent all that to end it in a thousand get be poor enough to get medicaid and medicaid will cover everything go the way to make a billion dollars obviously would be to take the toss which is the swiss suicide clinic 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 on is 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 where 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 to ferret out 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 the 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 we won't 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 to protect you against let's say for 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 it will make you

bankrupt you 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. 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 so speaking of communism that's in the headlines today as well on my next headline here and apparently with the new the neo communist 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 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 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 strug 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 boss john 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 tim geitner sent you

a kidney you know coupon to get five dollars off your next kidney removed normally it like a different model that offers more benefits and like a better system like normally like you know if you're an 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 a sidewalk 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 as 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 for 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 is a big difference and the well has our infrastructure for love built and have their heads blown off by america for a lot of 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 like city on the hill they're the only ones always allowed to do it that's rome or spain or britain or the united states where

they only once i can get away with it right now so china doesn't have that option if they went in and threaten kids or thirty percent as well as your own with four hundred to five hundred three per second per second and going rose to one hundred thousand dollars. china is building a two point one billion dollar a.r.u. industrial park but don't let the numbers overwhelm. the only number you need remember it was one you know for the mid one and only. welcome back to the kaiser report i'm max keyser time now to dominate thomas warbly dot iowa were fantastic and blog chain me dominic welcome thank you thanks for having me max what is warbling so we're billy's a compliant. financial services block chain really at its core compliant meaning

we're bringing in the i am male k y c verification for users you know i look very heavy as if you're undergone some stress is this i see this crypto market and is it is a tough to keep stay in the game these days well we're not we're not trading yet so we're still in the you know development stage show or launching our network on november first so we don't have to worry about the bear market too much we're privately funded just just building out the network and getting our user account ready ok so my understanding of warbly is that you are trying to solve the problem of the fact that the user interface for crypt i was terrible you know i'm thinking back in the ninety's back in the ninety's the internet was hard to navigate and then in one thousand nine hundred seven netscape went public i think was ninety seven and suddenly had the browser and that was really the beginning of the internet boom as we know it because it suddenly was easy for people to get on with

it encrypt out because it's not easy at all to get into this space it's pretty difficult so is this my right is that part of what you're trying to do is to make it more user friendly absolutely we see it as you know when we're explaining crypto right now to a friend or family member and trying to get engaged it's it's kind of a manual process at this point you know you have to sit down with them or get on the phone and talk about wallets and private keys and we're just thinking that we don't see how that scales but we want to preserve the sort of core of the. use of crypto currency the transparency and all those things that come with it so we think that we're taking like an intermediary step right so i know in the case of us these are in of a very difficult very popular crypto out there and many still don't know how to vote for a block producer like fish rock for example is one that stacey and max are involved with and what it was your thoughts on this in terms of. put in these terms you know

steve jobs and wozniak or were a pair and was was kind of the tech guy and steve jobs has got a marketing guy you know i think he wrote a code of his life. so you know we lack a steve jobs and i look at the landscape and crypto for example there's a cruise featuring a debate with people that support bitcoin cas versus bitcoin for it they seem to be a complete one hundred eighty degrees or move from what's happening why this is an important industry they've lost it they've lost the plot what do you think about that statement i do i think there's a lot of people in the industry that aren't really thinking about how people are going to actually use botching rakes is what we talk about is most people don't understand the internet they don't know what's going on in the back and they're just logon to facebook and want to be on facebook you know they don't care about servers and switches and you know same thing no one's going to care about the block

change people are not going to get educated on what are distributed you know ledger is you know mutable lead like they don't care they only care about what is it going to do what kind of apps are going to come out how's it going to impact their life are going to make things better you know hopefully what are the value propositions and so to us we know in the industry that bar change can do a lot for people but until they can access it easily and safely securely. block seems about freedom freedom of money and that's great and will preserve what we're calling like the manual option so for the advanced crypto user you want to. hold all your own private keys do all that stuff great absolutely we're going to have an insured wallet option for somebody who wants to not deal with that and have insurance and not have to worry about their private key and it isn't your wallet option ok so all these wads and exchanges that the problem's been they've been hacked go back to mt gox hacked and there's been many exchanges in

a while it's 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 that 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 to i mean i this is the first insured product of us type i think so i'm not aware of anybody else whose work i want to further to say yes it's certainly an empire and innovator fina so i mean the insurance industry would be loath to get involved in this because this is part of maturation of this asset class now if you've got insurance companies coming in is saying this is insurable that's pretty significant in terms of respect given to this as an asset class. so why don't tell me more what else what other features you got on out there what else is 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 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 applications 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 cannot. so steps in 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 users 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 e and droid whatever how old is this company. about nine months so we started january and so when you say your finance you funded your funded what's the headcount there 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 we 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 damn offense act based 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 very tight is that still the case or because of the crashing crypto is the price for developing coming down i think we've been fortunate that a lot of people who are block chain and kind of evangelists and innovators 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 here to act 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 the what i found for the most part their kind of scoundrels have you found at the beach or no not yet i hope i don't have to find that out i want to know as a college friend of mine so i've known him for over twenty years so that helps when 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 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 then 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 with 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. you know world of the big porters and the movies lot and conspiracy it's time to wake up to dig deeper to hit the stories that mainstream media refuses to tell more than ever we need to be smarter we need to stop slamming the door on the back and

shouting past each other that it's time for critical thinking it's time to fight for the middle for the truth the time is now we're watching closely for watching the hawks. what hope to do something to do. to put themselves on the line to get accepted or rejected. so when you want to be president. some want to be absolute. that's a going to be for us to see what will befall three of them all can't be good. i'm interested always in the waters of our. friendship. so what we've got to do is identify the threats that we have it's crazy to let it be an arms race in this spearing dramatic development the only really i'm going to

resist i don't see how that strategy will be successful very critical time to sit down and talk. if they're listening. i'm just not as that. night and. so there was a built. in the him about the question of how they. look . in the book the look i. don't want out of the modern i don't want to know about. something good morning. mr needs.

a phone company does when. they shuffle stem in with. the well. you'll get a little warmth and you know what. shall i do you saw. this at all of the. ministries police forces and city administrations of many countries depend on one coup. operation that does what mike was hoping on the board doesn't perform on the eyes of god i'm stumped mr dalmas got the guns through the. woods as the fever did on him to see it the best possible bible and 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 team thinks off message put us in more and that banks will nickel selfishness listen to music selling the solstice only one of them will fall into almost the wall didn't miss you in the world and soon all of those with old bats will police and all this in the arsenals that. don't miss the old vision stopping them also steal all the fun is up and his cards on the find. the one. the a.

loser. terrorists opened fire on a military parade in southwest iran killing at least twenty eight people as the country marks the anniversary of its war with iraq the. u.s. state department accuses the syrian government and its allies of helping extremists in the country you find out whether the claim stands up to scrutiny. and the mixed of march.