real financial news max and some economic stuff happening in the real world this is not fiction this is not fake news agricultural exports plunge jump accuses china of meddling in u.s. elections so the change deficit widened by five point three percent and all this despite i guess because of the trade war agricultural exports were down nine point five percent from july and a whopping fifteen point two percent since june now the interesting thing is that china or the china daily which is the chinese government. you know news outlet they took out a four page ad spread in iowa basically telling the iowa farmers that it's because of trunks do or you know his his war is trade war with china that their exports have clients trade so i guess following up on what we were saying last year wixon stream urges americans to listen so what does that mean in other words post the best work until this period of the nineteenth century went into more of a monster as global economy run by central banks and they were able to exert

influence by adjusting interest rates and by printing money but now we're at a new deal mark until this period so the fact that china's taking out ads in iowa newspapers reflect about that because it's going to be more trade for trade basis without the kind of influence a central banks have because central banks are not really in a position now according to charm this is really trump business is trumps economic model he wants to get rid of globalization is at the u.n. and he's saying i want to take us out of all globalized institutions we just want to go trade and go bilateral we want to do individual deals and so something like that reflects this because china is saying you know what we have to come up with new strategies to exert our influence in the global trade so taking ads out and i would use paper whereas they used to maybe adjust interest rates or move the when their currency down you see that that's now that's passe that's not really in keeping what's in. mark until this model and i don't see the problem with taking

this to the people letting that because we are in a globalized world the hyper globalized world the farmer in iowa is selling to people all over the world consumers all over the world not just in iowa so donald trump tweeted about these these ads taken out in the des moines register he said china's actually placing propaganda ads in the day when necessary and other papers made to look like news that's because we're beating them on trade opening markets in the farmers will make a fortune when this is over i think you know just take it to the people and let them decide and let them hear both sides of the story and find out what's going on i totally believe that your most prized news and fig prices received is a problem with monster as a busy end up with big prices and you end up with a glut of fake news but if this is real neal merkel isn't going to go back to real prices and real news so i think it's a reversion to the mean of trade as it's really been going on the planet earth now for thousands of years and i went to

a net of on to the latest fed you know raising the rates by twenty five basis points and chairman drove house spoke afterwards and there was one thing that i picked up on in terms of something that you and i have noted over the past few years certainly leading into the twenty six thousand election when obamacare prices soared and how that might have impacted the electoral system and the electoral vote of course that has not been discussed because. you know we all know what has happened to cable news and the mainstream media here since the twenty sixteen election and they've basically become days of our lives or general hospital or some sort of soap opera and it's nothing gets discussed but here joan power points out something quite interesting the fed's not backing off towels standouts and zingers at the press conference asked if fiscal policy the ballooning deficit after tax cuts and spending increases comes up a lot of films. the meetings joan powell said because he was asked about fiscal

policy and he said it doesn't really come up it's not really our job we don't have responsibility for fiscal policy but in the longer run fiscal policy will have a significant impact on the economy it's no secret it's been true for a long time that with our uniquely expensive health care delivery system and the aging of our population we've gone on an unsustainable fiscal path for a long time so he's saying our economy the united states' economy is on an unsustainable how do to health care costs do you see this discussed and you would think that. the fact that the u.s. is on an unsustainable path would warrant a deep conversation on fox on amazon b c on c.n.n. on the mean news channels here that what do we do about this how do we stop this unsustainable path how do we stop these health for health care expenses what do we do but we don't see that conversation ever happening on the news here which is why

you have me where well yeah i mean i think you're right this phrase unsustainable as an interesting phrase coming out of the central bank because their job is to cheerlead the economy and to always talk about the optimistic future and to never mention any negatives whatsoever that's the new role of the fed so to talk about an unsustainable path is remarkable in that regard and it's interesting that he lumps health care in with fiscal policy therefore legitimizing the idea that obamacare is a tax it is a tax and it's an unauthorized tax and the corporations of america under the constitution it's not legal for them to impose a tax on americans but it's more than just that it's the entire health care system you say even people who have a job at some corporation and the corporation provides you with health care that is not obamacare because this next headline also shows you know one of the problems that has. happened in america why we have two thousand and two thousand and one

crash why we have the two thousand and seven to two thousand and nine crash why we have this upcoming massive debt fueled financial crisis to stand talking miller says it is part of the reason is that incomes have not bang going up america's twenty year shift people are getting paid less in cash wages salaries and more in benefits in large part because our health care system is still so expensive so over the past twenty years companies and governments have been paying their employees more in benefits and less in cash wages and salaries and that's especially the case among people who work in the highly unionized public sector the big picture of all the different types of benefits the cost of health insurance has consumed the most of the average worker's compensation representing eight point two percent of a dollar in pay today versus five point eight cents of a dollar in one thousand nine hundred eighty that's because the us health health

care system is so expensive price and they're churning cash for benefits and the problem there is that i can convert my benefits into gold with hard money and savings so i don't have no economic sovereignty yes they don't want me to give me any cash because i would put some of that cash into gold and i would have economic sovereignty and financial independence but that is to be shunned and every. every every step of the way because we are to be beholden and we are to be enslaved by the system well health care what they said because a lot of people have said where has all this productivity gone a lot of it has been captured by shareholders and the c.e.o. class and the executive class but the fact is that it's also being captured by the health industry that which is part of the fire sector the finance insurance and real estate so it's capturing all your gains but that doesn't get accumulated you know if we spend twelve thousand dollars a year each on an obamacare health insurance policy. it's not like that cvs for us

is that doesn't it just disappears into the pockets of the health care executives it's extortion it's essentially extortion mission change fire economy the hell fire because you need the h. for health care health finance insurance and rails today best the new economy well the fire health. that's lily and us with it well we've covered this that pretty extensively and that. the integrity of the economy is being undermined by the county and larcenous to behavior of this all got well a shakedown economy storing every chance they get without any pushback by congress and congress is involved in other shenanigans that will actually do anything worthwhile and then the last thirty seconds here max i want to say that in fact our obamacare premiums are going down next year that was a shock and partly because they had jacked up the prices so so high the last two years so they made too much profit and they have to lower that because they can't spend it all every shyster in times square with a three card monte knows you gotta love the mark when

a couple of bucks on the way out so they don't step in the next well be back with a lot more fun and games here in hollywood right after this break so don't go away . you know world a big part of new laws and conspiracies it's time to wait 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 it's time for critical thinking it's time to fight for the middle for the truth the time is now for washing clothes for watching the hawks.

the way to the united states is dangerous for most of the illegal immigrants. close to the most just as they would a simple they want to become must enter and i won the last post on this but i have many of them look for refuge in the so-called sentry sides of the refuse to share information about undocumented migrants with federal authorities how to best person as bank of mom. was heating oil. the best i get i'm in a lot of class and i want that. they can watch as they all choose to stay in the country with donald trump in the white house for political rivals. the who can beat up to the. sets it struggles of many couples won't. get what chance the push to put impulse response both of you up at the pump to the hope of the.

i've been saying the numbers mean something they matter us is over one trillion dollars in debt more than ten point zero or more in tamping each day. eighty five percent of global wealth if you want to the rich eight point six percent market saw thirty percent from last year some with four hundred to five hundred three per second per second and bitcoin rose to twenty thousand dollars. china is building a two point one billion dollar a i industrial park but don't let the numbers overwhelm. the only numbers you need remember one one does not show you can afford to miss one and only. those who don't accept the slow drivers will start to the losers.

these people. like to listen. i don't buy the stuff i love me. one of them somebody doesn't know it's a mask you never know what's happening and whether they're shooting whether they're . misled the tibetans are. sad. because they are your. boss which would mean you must be just like you know that into you but i'm addicted to sit with your middle class and in the muslims all these clear when the.

welcome back to the kaiser report imus ties are time now to turn to michael turpin of calling agenda bit angels and transform dot p r michael welcome back transform group based in seattle and group i take it the dot he ours put radio it is and that's our euro ok michael jordan thanks for coming on big story here we want to get into it that you recently have twenty five million dollars worth of crypto assets stolen from you and your wife tell us exactly what happened how did it happen walk us through the crime so there is unfortunately been a big issue it's over a billion dollars now and counting where the major telephone companies a don't tell you that there's extra levels of protection available and then when you ask for them they're on even in how they implement them t. mobile for example i got hacked twice last year lost a very small amount and one said what's the best level of protection you can give and they all say they have these kind of secret celebrity accounts if we ask for

them and they will give you a sixty eight digit pin that they say no one else can change. into mobiles case they also go and put a do it out port eighteen to you about do that i don't know why you would do that but they don't and i still felt pretty secure when they said you're safe though you have the six digit no one can change it so i go through the porting crime like how does that work sure so how how sim jacking is what i like the call because porting sounds difficult and swapping sounds like you have a little party and swapping phones but now with sim jacking what happens is somebody in the in the earlier version someone would actually go into a store pretend to be you have a fake id and then say there you would have lost my phone and then they would go in and give it to their phone and as soon as they had that they had your digital life they had your digital identity and that's how in the earlier days of oh two or three years ago some people were losing thousands of bitcoins because they would then get in there they'd reset passwords because most g.

mail accounts e-mail. accounts all sorts of software exchanges before google too if a kind of became popular would be the way that you prove your you well if you give away without your permission your digital identity approves your allegedly you then they can go and take everything that relies on that right so you had twenty five million and took the assets held where were they where were these things these were not in exchange accounts i actually had all those protected there in bank vaults there and present larger sticks in you know safe deposit boxes makes changes all have to a famous to have a but as you know transform group with a p.r. division we work with over one hundred digital currency companies sometimes they passengers will currency sometimes these are things that are not era c. twenty tokens if they're even assets and they have their own native wallets staking wallets they have to have it on that so these are still things that i have private key is that are in you know encrypted accounts or sorry encrypted files but there

are ways if the right hacker gets in and they can find little little hints they can find something if you cut and paste in something and it got auto saved into an invisible file or in a hidden file that's kind of what they found because again nothing what happened had a t.n.t. after telling me that i was secure with having this six digit. you know safety code what they didn't say was that anybody at eighty and t. can do a manual override and that's what happened is there any thought that there for lack of a better phrase was an inside job absolutely because that's what i would say is phase two of what's going on though there were in almost every case involving a t.n.t. in the f.b.i. investigations where i guess they have the criminal gangs of the site and that is too much work getting a homeless guy to come into town there you and pay one hundred bucks the c.v. can trick somebody why not go direct to the source so they're actually go. going

into social media approaching people who have on their profile knowing that they don't have to do it out port and then say hey you want to make all money and then pay them a big point we believe that's what happened here the gentleman who's named in the complaint jamil smith than the in the norwich connecticut store nineteen you know has had a criminal record and since then has also been arrested for larceny so you know that's not somebody that you should give the ability without checking with a superior to override your special protection it be the equivalent acts as if you went into the airport with your thing got past t.s.a. and all of a sudden it didn't work and they said oh that's fine we'll just override it you are in fact suing eighteen today that's right a huge number out there like a big number it is in federal court jury trial and so the actual amount of the loss was in the twenty two and a half million dollar range these are all the coins they had the good lord a.t.t.'s case the bad fortune to steal them on the absolute high day of all to point value

this was the day the big point of all the markets had an eight hundred billion dollars mark so the particular tokens that were stolen had close to their all time highs but that's the value when they were stolen that's the value that they then were able to suck out of exchanges and turn into big claims which were then presumably turned into cash this same hacking has been around for a while now these this spend on the tax or in the phone business for quite some time back in may i wonder why have they been dragging their feet for so long is it just left r.j. on their part that it's crazy because i mean at least t. mobile you know now has a do not port function this can be stopped immediately if all the carriers simply allow you to say do it up port and it took you know several levels of effort to be able to support like you had to go in as a period had to approve it that's not what it is right now right so like with

credit. you know you can lock down your credit for identity theft right let's protect various credits ervice as it says they go through a process and so identity theft as it's warranted in this way but the phone companies don't have that in place that certainly doesn't right so they could be moving to something like that are there any others joining in the suit with you right now it is just me i've gotten contacted by many many people who lost amounts in some cases close to what i lost and one case actually more if you count the high value of point is they got thousands stolen in a similar hack back when because it was worthless. but this is not a class action suit first of all a.t.m. t. prohibits in their contract that you basically take it or leave it to participate in a class action suit they also prohibits you from suing them for any reason whatsoever including their own fraud and their own gross negligence we believe that's a weaker claim the class action to get that thrown out would probably be

a different set of circumstances than to get a judge which is actually happened in the case in a different instance not involving some jacking where a judge was able to say this is a young consul part of the contract later that and i'm getting reinstated for that case but we believe that this is an important precedent that you can't just go in and have the ability to have a phone or not have a phone rust on you basically saying that he can do absolutely anything and you have to indemnify them for their bad behavior and you cannot under any circumstances have a jury trial for gross negligence and fraud so they could do a community i would think would be behind this because the entire community is exposed. i haven't actually seen a lot of coverage on this is it is it something where are we in that are is it getting coverage what's going on well i counted we had about a billion impressions of coverage the first three or four days. i'm in the p.r.

business so i know how to break stories and let reuters breaking below believe that it got picked up by a lot of other outlets and by large has been very sympathetic and supportive coverage every now and then you get a social media group saying well it's quite a base is faulty should assume you're in the business the big points better there were no big points and i don't have a point this out again it was just it was native in staking wallets of course twenty one million big going to be created when it's all done there's eighteen million or so currently in circulation they estimate that up to seven million have been lost in this similar circumstance going back to two thousand and nine that's a remarkable number that's thirty percent of total completely lost well let me get lost and stolen are two different things who's of the stolen they're still around and somebody has them they may have sold the cash and then somebody else has them and somebody is holding that big question right now if they were if they were simply act. on the last part a lot of those come to the first ten million that you know happened in the first

four years a big going to be for the first having and walls were not very secure back then people would go in mind them just keep on their hard drive the hard drive would crash they wouldn't have a last ten thousand because which back then were worth about ten bucks so you've been in this business really sense its inception i would say you know it's gone through all kinds of growth and we're at a level now where it's getting international attention international regulations are coming in you of course are in puerto rico where you believe that they regulatory environment there is quite friendly the tax treatment quite friendly but there are other churches competing to be you know switzerland so to speak i think malta making a big move can you give us an update on that what's happening puerto rico and globally where is the sweet spot if you will jurisdictionally for a trip down there is sort of a competition going on now to see who can be the friend list of smaller nations typically that want the business and then obviously there's places like india and

china the. are saying no we don't want anything crypto because we don't understand that we think it's just drugs and terrorism i think you know look china still doesn't have a facebook and google legal so they're not a good model to say what the future is going to be we held the quote agenda europe this summer our second one in baltimore we had the prime minister come in deliver the opening keno so that was a pretty strong statement to have a prime minister of a of a you know of a nation to come in and go to a crypto investor conference and put a rake out the government as they so warming warming to this presence of the crypto you know billionaires as they're called there you know i mean it's it's been mixed coverage in the media i think which is which is quite frankly because there's a very small party called the independence party it's about three percent of the vote but they don't want anybody american there they go and march in front of the vanderbilt and say yankee go home and you know that that's unfortunately been sort

of the loudest voice whenever they ask for an opinion from the other side both of the major parties have been very supportive both the party that they voted in fact former secretary reckon they'll make development alberto bakos going to be a keynote at our corn agenda global event in las vegas october twenty third twenty fifth right after money two thousand and twenty and so. i believe that puerto rico has a unique opportunity to be a leader they were kind of waiting for the wyoming build to be passed. and i'm still a proponent that they need to kind of copy and paste wyoming is done cable along who started that will also be a keynote speaker and that's where the states say we have the rights and i think it's even more to fight in the territory to be a basically say we want this here now you are big in the i.c.l. space the initial point offer you mentioned tokens get tokens here and that certainly had a tumultuous year the past year where we went the i.c.l.

business so right now. america has been very i would say and friendly but they've been unkind they they are not letting you know what the regulations are basically the f.c.c. is kind of going in you know making individual statements and putting out statements saying this only speaking for me and not for the other members of the s.s.e. so if you look at s.c.c. dot gov there are no rules there simply interpretations of lawyers and most of them particularly the bay area in the york are very conservative so that's scaring away a business that started really in america to offshore so right now in general most of my clients are going and they may have an operating company that's of delaware corp or i like to do a puerto rico or. and and then do their actual crowd sale in the cayman b.v.i. barbados one of the caribbean countries if you're north american. asia the big hub spot hub has been singapore well the next event coming up next the vote is quite

engender global october twenty third twenty fifth of mandalay bay perfect michael tarpon thanks ray on the kaiser report thank you that's going to do it for this edition of the kaiser report with me max kaiser stay server like they are guest michael turpin going agenda bit angels and transform group are going to catch us on twitter it's guys reports like time bio. quite frankly i think only just in the seas and libya have deteriorated and have fragmented and it is extremely important that we have a new digital mysie over a presidency that has the vote of the libyan people people who have aspirations like freedom indeed to have aspirations like living in dignity and quite frankly to deny them the right to vote with the pretext that oh it's not time yet or you don't

have bread so you should not be asking for the vote you should vote for people who will provide the bread and what do you provide the services. what politicians do. they put themselves on the line they get accepted or rejected . so when you want to be president i'm sure. most somewhat want to. let you go to the press it's like a full freedom or can't be good but i'm interested always in the waters and how. fresh it. is a. secret indeed catholic priests accused of sexually abusing

children can get away with it quite literally i like to call this the geographic solution so what the bishop needs to do then he finds out that the priest is is a perpetrator is simply moves him to a different spot where the previous standard was not known the highest ranks of the catholic church help conceal the accused priests from the police and justice system to that it has no that's the end and then i think you'll hear that it just is out in. its path. cooked additional note of what was an answer to linger some of these it's just a. little thing isn't it. c m do you see when i'm with regional show person. looked at with

a showing of the where. he think i'm sure. you have the same sort of. boat of shipping. you up and most of the book is the work of the person you're still missing you know so i do know what the move. was the latest news in the press. stuff no worries and he writes so yeah i've put. lyricists through some really strong yeah. it doesn't. join me every thursday on the alex simon show and i'll be speaking to guest on the world of politics sports business i'm show business i'll see you then.

baseless politicize claims hypocritical bodies in his situation on just prosecution damages the cause of human rights the latest in a series of u.s. withdrawals from international justice commitments sees washington take measures to protect itself from being sued but the u.n. has told. the u.n. agency for palestinian refugees has hit hard times off the u.s. cut its funding for the organization. we discussed the. work would be made easier if they are stable predictable funding arrangements sold to countries that. need to continue this next year.