the record levels of debt just like the record levels of smog and climate change and heat and exhaust and carbon emissions and all that sort of stuff everything is at peak everything. in every possible category or at the extreme earths carrying capacity for human beings as reached its limit the stock market training at all time highs the debt load peak everywhere as they head to two hundred fifty three hundred fifty five hundred percent debt to g.d.p. this is a planet on the verge of a major tsunami of debt and wipe out and catastrophic nightmarish behavior there's also a bit of brinkmanship going on everybody's kind of like it's kind of exhilarating to look at how much debt we can pile on how much carbon dioxide pile into there how much smog we can put in there how many people we could put into one city how much of prices could rise in the property market stock markets and stuff and another brinkmanship story that happened on our way out here to las angeles we had pretty

recorded an interview with fire stein of plan a ponzi dot com and it was funny because he said that iran mosque of test was guilty of securities fraud and lo and behold like two or three days later of course the f.c.c. has sued him for securities fraud partly because of brinksmanship because a lot mosque was negotiating with them and he decided he wanted to just be challenge them so you know i was talking to johnny depp last night viper room and you know ellen is a friend and he's really taken capitalism to that extreme that it needs to go to express the people's guys in terms of the representation of equity in our inner being and i talked to johnny in his next role he was made to be in my original bar nine. and it must be considering this is all going to be taken place on wall street the pirates on wall street is going to be called i'm writing the script and just so you know the last time max lived here was like two thousand and that's why. a

chinese ship was huge back then and the viper room existed johnny depp is actually going to be playing matthew mellon one of three races in a film so he's that guy and was a friend of kaiser report until he passed away but i also want to talk about the brinkmanship that's in the headlines this week let's talk about 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 dual you know his his war is trade war with china that their exports have

plunged straight so i guess following up on what he was saying last year which is three emergence of markets alyson so what is i mean in other words post the best work until this period of the nineteenth century went into more of a monster as a 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 is 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 trades are taking out south

and i would use paper whereas they used to maybe adjust interest rates or move the when their currency down you say that that's now that's passe that's not really in keeping with today's new deal mercantile us 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 day when magister he said china is actually placing propaganda ads in the day when necessary and other paper is 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 crisis receive fix the problem of monster is a busy end up with big prices and you end up with

a glut of fake news but if this is real neal mercantilism we're going to go back to real prices in 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 out afterward 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. holden and we are to be

enslaved by the system well health care eight year raise is 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 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 saves for us is that doesn't it just disappears into the pockets of the health care executives it's extortion it's essentially extortion they should change fire economy to hell fire because you need the h. for health care health finance insurance and real estate best the new economy well the fire health. lilly and i was just well we have covered this pretty extensively that the the the integrity of the economy is being undermined by the county and

larsen istic behavior of this all got plea well shake down economy storing every chance they get without any pushback by congress and congress is involved in other shenanigans and it will actually do anything worthwhile and in 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 price is 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 market when a couple of bucks on the way out so they don't step in the next well we're back with more fun and games here in hollywood right after this break so don't go away.

i've been saying the numbers mean something they matter the u.s. has over one trillion dollars in debt more than ten white collar crimes happen each day. eighty five percent of global wealth you long for the ultra rich eight point six percent market saw thirty percent rise 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 number you need to remember in one one business shows you can afford to miss the one and only boom bust. cooked initial some burst if so not on what doesn't etc to linger some of these it's inconsistent with what you're looking is not knowing. simple yet

so in my future now i shall proceed to. look at with a showing at the plant which up a study saying is lost when i see it don't you think it will show the movie you have the sleep study. quote of shipping. yet when you lost it does the book hit the roof of the bus and able. to say no i don't know what that or. because. it was the latest news in the bus. stuff no worries i'm all right so yeah i've put this was one of those. little fish through the summer in the store oh yeah the soulful. welcome back to the kaiser report i'm asked iser time now to turn to michael turpin

of corn agenda bit angels and transform dot p r michael welcome back transform group based in seattle and group i take it the he r s puerto rico it is a mess our you are all ok michael jordan thanks for coming on a 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 six to eight digit pin that they say no one else can change. in t. mobile is case they also go and put

a do not 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 to 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 for tend 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 bank vaults there and present larger sticks in you know safe deposit boxes makes changes all have to a fame to a pay 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 was saying is phase two of what's going on now there were in a lost every case involving a t.n.t. in the f.b.i. investigations where i guess they were the criminal gangs of the site and that is too much work getting a homeless guy to come in to pretend they're you and pay a hundred bucks the c.v. can trick somebody why not go direct to the source so they're actually go. going in through social media approaching people who have aids 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 and so you know that's not somebody that you should give the ability without checking with a superior to override your special protection it really 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 were 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 points which were then presumably turned into cash this same hacking has been around for a while now these it's been an attack vector in the phone business for quite some time back and i wonder why have they been dragging their feet for so long is it just a lot less r.j. on their part 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 some 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 put various credits or misses 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 in one case actually more if you count the high value of bitcoin because 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 happening the case in a different instance not involving some jacking where

a judge was able to say this is an uncountable part of the contract later that and i'm getting reinstated for that case but we believe that this is an important process and 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 a t. and t. 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 there could be 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 i got picked up by

a lot of other outlets and by large it's been very sympathetic and supportive coverage every now and then you get a social media group saying well it's going base is faulty show us your 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 often 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 what we 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 wallets were not very secure back then people would go in mind them just keep on their hard drive the hard drive crash

they wouldn't have lost 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 krypto 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 them 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. 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 reiko the government as they saw warming warming to this presence of the crypto you know billionaires as their call their 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 in 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 economic development alberto bakos going to be a keynote at our coin 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 small choice year the past year where we went the i.c.l. business so right now. america has been very i would say unfriendly 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 them putting out statements saying this only speaking for me and not for the other members of the s.s.a. so if you look at s.c.c. dot gov there are no rules there simply interpretations of lawyers and most of them particularly in 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 in north american. asia the big hub spot hub is been singapore what's your next event coming up next event is quite engender global october twenty third twenty fifth mandalay bay perfect michael tarpon thanks for being on the kaiser report thank you that's going to do it for

this edition of the kaiser report with a match geysers day server like i guess michael turpin going agenda bit angels and transform group are going to catch us on twitter it's cause report to lifetime bio . quite frankly i think just in the season to be. pregnant and it is extremely important that we have a new digital receiver over the presidency has the vote of the debian people people who have aspirations like freedom and do have aspirations like living in dignity but 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. for people who will provide the bread and who will provide the services.

this is. the church secret indeed just like priests accused of sexually abusing children can get away with it quite literally i like to call this the do graphic 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 were the previous standards not the highest ranks of the catholic church help conceal the accused priests from the police and justice system to that end of that's known as the end i think you will hear that it used and. it's felt.

the weight of the united states is dangerous for most of the illegal immigrants. just as they would a simple i want to become lost and enter and i want the last one just about what if many of them look for refuge in the so-called sentry sides the draft used to share information about undocumented migrants with federal authorities the best person to ask than call mom. i am at best i get a man on my ass and what that. they have or what are their options to stay in the country with donald trump in the white house all over forty couples. also feel the have to be bad to be. a fair fit many couples won't. kill the chance up or to put impulse response both of you have put it up to the hope of the.

know. russia responds to western accusations it's been carrying out dirty cyber activities calling it an orchestrated propaganda campaign we'll bring you a rundown of poor woods. as america holds its breath awaiting the outcome in the brett kavanaugh case the supreme court nominee accused of sexual misconduct look at another unexpected a fact a scandal could have on the looming midterm elections. an escalating

trade war u.s. funds for the mike pence climbs china is trying to orchestrate a replacement for donald trump after beijing and. from america.