and stuff like that there was one thing that happened and it comes from africa and it's a story about china and africa first i'm going to start with the surprising story from donna news and it reads china africa relations is not colonialism a coup fellow oddo tells u.n. president not. a coup for otto mounted the podium at the united nations headquarters in new york and told the world to discard any notion that the movement of donna and some african countries towards china would result in the recall and ization of the continent by a new power quote this is not a uniquely gunday in or african phenomenon it has not been lost on us that the developed rich and well established countries have been paying regular visits to china and seeking to open new economic ties and improve upon existing ones he noted so a lot of people are telling african nations you shouldn't deal with china you shouldn't

let them build your infrastructure you shouldn't let them invest in you because it's just colonisation and he was pointing out the hypocrisy that well why do all these why is google building dragon-fly for them why are all these trade representatives traveling to china trying to open up deals in china why can't we do deals with china they recognize the difference between trade colonization so trade is like for like. africa's getting something in return in their trade relations with china colonialization is like we take all your natural resources and you get nothing that's colonialization but africa does not have the perception that that's what's going on because it's easy to understand that what they're getting from china has enduring value it's hard money probably could put it in those terms and so it has enduring trade value going forward and this is what is lost on a countries like the united states which is mire in the perception of money or you

get something for nothing some of the last shows we've done where they have this sort of thing of they don't actually want to help people they want to feel good about themselves and by giving them some money giving them some aid and not actually developing it here the gunman president says that we in guyana must build roads bridges railways ports schools and hospitals and we must create jobs to keep our young people engaged he noted also that you know we for the past few decades we've lived under this western sort of aid system and nothing has happened we haven't grown we're still in this situation and we need someone we need infrastructure we need. infrastructure problem which to develop an economy but without that we're not going to get their head right once again i mean they are going to engage in trade which is peaceful the u.s. is building military bases in africa that is a war based economy china wants to be a trade based economy going forward into the twenty first century which one will

prosper and while i think we're going to find out here's the washington post take on the story and that surprisingly they do see that china in africa has been fantastic for competition because remember part of the situation that you and i have discussed about what's gone wrong with the global economy is when the soviet union collapsed they collapsed because their system could not compete with capital . but it did also make us lazy because we didn't have anybody to challenge our ideology and our our policies with a different perhaps better policy forcing us to up our game this is why competition is good china is offering no strings attached aid to africa here's what that means you know china has just recently given a sixty billion dollars worth of loans and aid to africa no strings attached it seems like a lot of money they point out but that's just below the point seven percent target

by the o.e.c.d. countries to invest in aid and and development and developing nations and this is only in point four nine percent of china's g.d.p. but china's rise as a major donor and investor in africa the washington post points out has led to renewed competition in the continent the european union for example launched an africa e.u. strategic partnership in two thousand and seven and pledged to mobilize more than fifty four billion dollars in sustainable investment for africa by two thousand and twenty and july twenty eighth seen the us congress passed the better utilization of investments leading to development act to compete with china's growing presence in africa so driving competition has been good for africa has been good for basically the e.u. and us corporations have to compete with these chinese investments right competition in trade is peaceful and it promotes peace trade is the peaceful way that humans have evolved for hundreds of thousands of millions of years and so in africa really

the cradle of humanity the cradle of homo sapiens as we understand our role on planet earth is now ready to take on all comers as they begin to enter the twenty first century with such advantages that they leap frogging all the fear of money banking system right into crypto currency so they're ready to be really a huge growth story twenty first century yeah. again so they point out again that the competition between don't nurse has led to great outcomes in africa and then the washington post asks what comes first good governance or development so this is the no strings attached thing so. china does not try to impose any sort of restrictions on their aid in relation to things like government corruption or by government institutions or by cultural differences so here they look at some studies so this is the washington post again remember they say one question to

ask is whether good governance leads to economic development this is one of the underlying assumptions of making a conditional some scholars suggest the causal arrow may actually be reversed that is some additional level of economic development is needed to enable institutions of good governance to generate further growth and development in fact china's own development trajectory demonstrates that the relationship between governance and growth cannot be simplified as a chicken or egg situation that's patently obvious because trade comes in for governance because trade only works if both parties feel like they're getting a fair deal if one party does not feel are getting a fair deal then trade collapses and none of the benefits of trade occurs just like for like it's called hard money it's called the evolution of the trade as part of our d.n.a. as humans and the governance is an abstract it's a construct it does not predict a trade then you end up with

a soviet union type of situation they're trying to create the perfect governance and then trade comes later that does not work so they follow up with this with more evidence and more studies showing that economic development first that governments recent evidence shows that china can help countries such as kenya and ethiopia realize such initial growth to. assman and dust realisation a study based on extensive field work in africa similarly concludes that quote china's growing involvement is strongly positive for africa's economies governments and workers on a broader scale scholars have found that chinese funded infrastructure projects result in increased economic activities and reduced inequality so remember our model helps a lot of people in seattle and san francisco in los angeles and washington d.c. in particular feel very good about themselves of teaching these people how to

behave and they claim that they're at their end game is to bring in a point to reduce inequality but here they're showing that the chinese just like trusting these people to want to engage in trade they just want to want to not have violence want to not be told that you guys are deplorable is and until you stop acting deplorable we're not going to give you any more money so there and fact the studies done by western institutions and universities have found that in fact the chinese model seems to be doing better than our i feel good about myself because i work for the world bank i work for the i.m.f. i work for some sort of and geo look in america it's a similar situation to air b.n. b. reinvented lodging there are regulations didn't come till much later krypto happened before the regulations will never occur because it's totally self regulated you know happened and it was completely unregulated and changing the regulatory

framework financial innovation first regulation second africa saying we want to be a start up continent we want to do trade first do the regulations later to an extent that we need regulations but you don't want government first it's called socialism and it never works and never will work you want trade first that's in our d.n.a. goes back a million years allows me that case people want like for like they want to have a communication they want to. interaction we trade biological. formation to propel the species we trade language with photosynthesis returning carbon for oxygen you know the trade is in our d.n.a. not governance governance is not part of the reality and never will be so here again we're covering africa africa as welcoming this investment from china we covered recently that latin american leaders afraid of course because of the bloody history there of invasions and coups and stuff like that they haven't spoken on the record but like this guy did in the un but they've said like they're welcoming chinese money because the u.s.

has abandoned them and they're not investing in things like infrastructure now here is another competitive story a country ignored long by western investors but now is. on the on the radar of western investors u.s. confirms efforts to stop qual way in papa new guinea the u.s. is working to stop chinese telecom giant while way from building a major internet infrastructure project in papa new guinea the latest sign of international efforts to curb china's broadening influence in the pacific the u.s. was working alongside japan and australia to develop a counter offer to while ways plant. these men that outlay these men that comfort these men that. you've all been murdered a fear of people can raise their massive drug issues up here you have a boom you have everything else that comes along with money.

welcome back to the kaiser report imax kaiser's i'm not a go to steve beauregard welcome steve a mascot to sea again i would say you're one of the first generation. original gangster big going crypto and we've done so for a long time and when we're in los angeles you know your guy gets you one of the founders of silicon beach right joe can be just a little small so if you based briefly yeah we're now it's sort of calling it block scene beach but back in the day we started a place called big trouble us where we're bringing all the big point companies in and go according to the master lease on that but unfortunately mt gox happened and nobody else could pay the rent so that kind of imploded but i think would be a great thing now but there's so much momentum around town now you can't go into even a local bar or pope now without hearing blocked chain bitcoin to this that it all comes up yeah it's everywhere and so tell us

a little bit more about go coin and then block go who is doing real well so they're growing their merchant base so it's for online payments as you know and we're taking a bunch of new cryptocurrency is not just big point like window it's going like the old old days we know about a big point cash assumed at there and we've had a dash we've got a couple of others up our sleeves so we're just kind of thinking them slowly and strategically you know which i'm a dash for a second because you know one of the greatest things about crypto is that it can help people that are unbanked are going through incredible financial duress in venezuela now argentina dash of the gas community have really made inroads and they're really introducing crypto and it's really making a huge difference politically do you think that's a wave now in twenty eighteen we're going to see build going forward yeah i do i do i think that we're going to see more kryptos sort of strategic move into different spaces and i've always said it's going to be. world and these are all networks i mean then and they are going to expand at the pace they're going to expand but

a lot of people all between pyrrhus think it's a winner take all but i'd like dash i like the project. and that's one of the reasons we had to go point right to have that governance model where part of the mining up. that we've seen like cheap air is one of our merchants and they get a lot of dash you know purchases on their cheap air right right and so gold coin is processing especially for crypto and merchants sign up that's right and they can take crypt out and where do you see the trends in the u.s. . when when we going to see like. or big big are amazon or somebody really get into this in a big way you know you would know you're on the front line steve tell us what's happening you know i'm a little shocked they haven't already it's really pretty surprising to me that we haven't seen and going or one of these guys but i think some of that is there's a lot of uncertainty from the regulatory areas and then you get the state by state regulatory overtop of the federal but i think in the next two years you're going to see one of these big players step in because it's just it's going to get frothy again yeah the froth you know we're in

a retrenchment you and i been through three at least three seventy eighty percent sasha's and that's been kind of the nature of bitcoin sense the last big there's a twenty fourteen mt gox crash you know you referenced that that was a huge one and now we've got this twenty seventeen twenty eighteen back you know that twenty seventeen period could be. set in terms of the ice you know the initial point offering right and what is it what's your view on the initial point offering and what's the future of that one what are your thoughts there yeah i think a lot of people just were victimized by the pump and dump a lot of the coins that that went out a lot of the big buyers would say hey we're going to hold these for a long time and when they turn out to do is when they're they've got issues they're tokens they turn around wait for the right time and then we don't come back in the market and then move on to the next one so i think there was some you know regulatory oversight did start to come in and there's a lot of sort of guidance given and i think that was a good thing for the market so now what seems to be more popular is what they're

calling these s t o's which is the security token offerings right estie. security took an offering so how is that different yes the difference is where the utility token is kind of like you know you want to go to the carnival you want to get on the rides you need those tokens in order to get on the rights security token is actually a piece of equity in the company so it's just like any other issuing the difference is now you have more available liquidity to your to your token so that's basically just an equity offering right. but you took ok so you're putting securities on the block chain right so how does this you see i mean that falls directly under their purview i would think that's right that's right and so it's just like any other offering you know you have reg d. you know reggae and with no reggae plus so every time i hear the radio i think of this. jamaica doing the reggae mon and so yeah now interestingly now i found this out recently you are in air b.n. b. super host yes we are so chill me what that means and you haven't

a property in malibu and what's interesting is that the company is trying to offer to their super hosts equity in air b.n. b. so let's talk about this a little bit yeah it's interesting it's really my wife fox that's what she spends a lot of her time managing that property and really does a fantastic job with it and but the idea here is that they'll be able to as as an owner of one of these properties and hosting with their b. and b. is get equity in the company just like an employee would get equity in a company they work for even though you're not an employee as an a or b. and b. host in a way it's we expect that daily supply auction every single day is available so comes out at twice the price of the previous day and then it descends down to a descending price auction fascinating project and so anyone interested metronome dot iow the owner's manual great read did a fantastic architect and that's all right so you know you talk about metronomic

talk to back aucoin and they take multiple clients you know there is a bit. the political split in the space of the big points space yeah the big clean maximalist you know who are very die hard and they have a very i would say dim view of anything that's not bad coin and the other camp is basically more than the law is a fair let's let the market decide well let's just bring out some different points in the middle would be a kind of an argument that the market is so so fresh so young and that the learning curve for the average person is pretty steep and so it's may be too much of an obstacle at this point to confuse the market with so many different offerings you know instead of just focusing on one and we saw this played out with big point cash where this was an attempt to really dominate big coin and almost takeover of bitcoin and fortunately the protocol is designed in such

a genius way in the incentives are balance so brilliantly that repelled this hostile act as if their statement is an absolute for statement but what i like about big point cash is by forking that network you know have people know aligned with the coin that they want to be aligned with they have the governance that they want and bitcoin is the government so they want and so big task to say look we're going to increase the block size and it's paid off for them the transaction times are faster their fees are lower so they can do some things that bitcoin isn't very good at like transactions ok well. it's the moving into that second layer now with lightning networks and other development where do you think that it's just a matter of point lag time kind of spawn this all point market with minera different features and people said we can't wait anymore we're impatient right and . one thing that's great about bitcoin of course is the creator is anonymous we don't know who it is these other coins they have some personalities yes and it's

like a taluk over there in a theory and you've got roger very big point cash. cetera. working against these coins to some degree or what's your thoughts on that that's interesting i think to some degree there is sort of the the cult of personality that grows around you know characters like that. and roger both reasonably well and both really great guys so nothing personal against them but you know there are there are they do get a following and that ends up taking a personality that also is meet those that goes into into the coin and what the governance looks like great stable is going to have you back on so i guess i should mention because it is the place for merchants anywhere in the world right that's right if you want to take crypto and join the revolution go to go quite the extreme guys report thank you i was going to do it for this edition of the kaiser report with a mask guys and stacy herbert want to thank our guests low regard of gold coin and block p l o q going to reach us on twitter it's guys report at the next time.

the way to the united states is dangerous for moost of the illegal immigrants. but first there was a simple but i want to become the most incredible in the last post on this topic but many of them look for refuge in the so-called sing tree science addressed used to share information about undocumented migrants with federal authorities. pressing mass panic. and at best i guess i mean a lot of class and they want that. they have. to stay in the country with donald trump in the white house. travels. up to the.

fifth. with the push to. up to the bulk of the. 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 a. very dramatic development only. resists i don't see how that strategy will be successful very. time to sit down and talk. when a loved one is murder it's natural to seek the death penalty for the murder i would prefer it be in the death penalty just because i think that's the fair thing the right thing research shows that for every nine executions one convict just found innocent the idea that we were executing innocent people is terrifying lose just

mooned the present and that we're even many of the families want the death penalty to be abolished. the death.