backlash this is his response to the backlash because in his original article where he revealed actually what happened and he was talking about the fact that he had a couple hundred thousand dollars in the bank when lehman brothers collapsed and he had all that cash because he had just sold his house in london and sold his property and he had a lot of cash deposited in his bank account so that he as a financial journalist was very concerned because he was hearing a lot of the actual stories of what was going on but he waited ten years to tell this story when during the financial crisis he did not tell the story so he told the story of going to a local citibank in new york city where his his funds were deposited and they had across the street a chase bank and he was going to transfer one hundred thousand to the chase bank because just to have another because member at that time the deposit insurance was one hundred thousand dollars so you wrote we were in midtown manhattan surrounded

by investment banking offices at citi i found a long queue all well dressed wall streeters they were doing the same as me. pulling his cash next door chase was also full of anxious looking bankers once i reached a relationship officer who was great she told me that she and her opposite number at chase across the straight had agreed a plan of action i need to open an account at another bank. she asked if i was married and had children and she opened accounts for each of my children and trust in a joint account with me and my wife in just a few minutes i had quadrupled my deposit insurance coverage i was now exposed to uncle sam not citibank with a smile she told me she had been doing this all morning and that she and her friend across the street at chase had never ever experienced this until that week so here he was telling a story that ten years later i was at midtown manhattan where all that's were actually wall street is these days all i saw all these bankers who would who would know the true. they were also withdrawing hundreds of thousands of dollars from

banks in order to be protected and we got attacked on twitter when you mention this because people are saying well why didn't you report this because this is a salient point this is you have an eyewitness to what was happening to the crisis and that the crisis was maybe more. dangerous than it was being recorded and his comeback is that well you know i didn't want to cause a panic and this is where journalism has completely failed in many regards because journalism had a fundamental break the seventy's we transitioned the gonzo journalism with hunter s. thompson in the new schools the new journalists and they rightly identified journalism as really immersive and there's more subjectivity then we were led to believe in the strict definition as presented by journalist journalism schools and that you need to let the audience you need to let people decide what is the irrelevant to them you don't need to filter he self censoring so john rother so censored himself he believed he knew better he believed to do with what the needs were of these

folks and that's self-censorship which is such a ship and this is completely wrong and this is why we have been sleepwalking into the next one after crisis how john off there's been a gonzo journalist have you been a proper. journalist how do you how do you not so censor himself as this next crisis unfolds people would be better prepared to deal with it but they won't be because of the failure of fake journalist like john offers so he actually kind of suggests that this is a dangerous time in the social media and that anybody would report on the fact that they saw all these bankers withdrawing their cash and blah blah blah but i want to show you that in fact it's the opposite that people the ordinary person the average citizen of the world news better because what happened at the very same time max keiser and i were in two thousand and eight march two thousand the a few months before lehman collapsed we witnessed a similar event in fact we worse because he's just really. at midtown manhattan and

seeing bankers withdrawing their cash you and i. it was something like march eighteenth of march nineteenth two thousand and eight bear stearns had collapsed on the friday afternoon after the markets closed j.p. morgan took it over and. gold went two thousand dollars that for the first time on that friday ben bernanke slashed interest rates by seventy five basis points on a sunday night so it's an emergency rate cut you and i had an appointment at the bundesbank to speak to the head of gold and we went in there. but there was a gap on the other side max there was a gap on the other side i think it better explains the trump situation is the mainstream media the establishment media loved hillary clinton's line of america's already great the people liked his line of make america great again because they felt that america was no longer great the same thing in the u.k. they were told member tony blair standing up there and saying there were no

immigrants nobody was moving into the united kingdom and yet millions were moving in millions were moving into sheffield and manchester and and birmingham and places outside of london and so the people could see something that was absolutely denied on the mainstream media now i myself personally am happy with lots of immigration i don't believe in any borders actually but nevertheless those people are concerned about immigration and. in the u.k. right now you've got to. do responsibly needs to take. seriously negotiate in good faith this is the same with germany. not going to negotiate in good faith with the. special but i'm talking about how the financial media reports and what they're reporting on and the fact is that like this this article. it's out when the next financial crisis happens right now

especially in not going to know nobody's going to be prepared in america the population is not being warned because there's like this political craziness on mainstream media i mean the cable news is just filled with like crazy guy i mean this truly insane it's hard to describe if you can't watch it if you're outside of america but it's crazy conspiracy theories about you know just about political gossip so nobody's like discussing the issues that were the foundation of the vote this sense like that guy who wrote to john authors that the one thing to vomit because they realize there's a divide that you the media are one on one side you're part of the establishment you're part of the elite you're protecting your friends and even if that means lying to us ok you know again here john walters the u.k. that's the origin of the term the term white man's burden they are

a stalker see feels that they have a responsibility to the clubs of the world that they know better and as a result they give a party line that represents the political reality as being joyfully galah teria when it's a friction caste system as sharp and as pronounced as you find in india and you've got a permanent underclass in the u.k. and that's not going to change as long as there is a monarchy full stop all right we're going to take a break we'll be back don't go away. join me every thursday on the island so i'm unsure when i'll be speaking to the world of politics or business i'm sure business. you know we're. big part of the new law 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 it's time for critical thinking it's time to fight for the middle for the troops the time is now for watching closely watching the hawks. i've been saying the numbers mean something they matter the us is over twenty trillion dollars in debt more than ten white collar crimes happen each day. eighty five percent of the global wealth you longs to the rich eight point six percent market saw thirty percent rise last year some with four hundred to five hundred trade 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 is one one business shows you can't afford to miss the one and only. this is crude oil. so they need to actually physically pump it out of there and he would have well well well well well. there's a lot of money with the oil and with that comes. a lot of a lot of people from all over the country. if you don't make a hundred thousand dollars a year. as a minimum there's an issue. here in. they were told

sixty dollars a day hard work well work is not easy work and so they want to relieve their stress and how do they relieve their stress these men need that outlet these men that comfort these many. people have been murdered up here people been raped there are massive drug issues up here you have a boom you have everything else that comes along with money. welcome back to the kaiser report i'm nice keyser time to get to alina. all the way in from alina welcome thank you back thank you my ex you know you're becoming a pillar of the community because you brought to market something sorely needed the hardware wall and the treasurer and it's become almost an industry standard i'll

get to that a second now you spoken to first a crypto springs about the security of the sovereign hodler first of all what is sovereignty and who is the sovereign hoddle or. how it's a very broad question to talk to me about individual sovereignty what does that mean. that you know for me means. the capacity to decide on the. point when i do that and on which. pretty much you know i come from a background you know. some people from ok this was a question you know here in the conference you told a story about why individual economics means so much you don't normally tell your own personal story but it touched many people here at the conference and so if you can you know just kind of go over the street because i think it will resonate

tremendously with our audience so i was talking i was opening to. me being born in a communist socialist country. where there was no freedom of speech no freedom of thought and no freedom of movement where people were put in jail for speaking out speaking out they were shot. at the borders when they tried to escape the brutality of the regime and so for me personally freedom means means a lot and beat quine when i discovered it quiet. tools for me. to realize my complete freedom. because if you don't have a financial freedom and there are companies and structures that can prevent you from from economic freedom then that's a that's a problem for me. the final tool to establish complete personal sovereignty

economic idea because you have a lot of people in america who go under the label of social justice warrior they want their freedom to express their sexuality they want their freedom to express their gender preferences but they never talk about economic freedom and never talk about their freedom. like hard money like move or money like the dollar why are the freedom minded social justice warriors completely incapable of taking on this concept without economic freedom there is nothing after that. experience and maybe no leech of history that's maybe lacking a little bit or just what's happening beyond my own country and i think it's really important to look outside for examples how things can be really go. for granted because they're not anything else you know western europe and in america are like living in

a kind of bubble because people here we like this is a status quo and we take it for granted that we can actually go out and talk we can actually have a banking relationships when we want but that's not the case everywhere and i think it's really important to say that and remind people here look it's not that far into history where people were actually put to jail for talking. today all over the world for dictatorial regimes all over the what you said something interesting in your description of family life back and under communism. you couldn't even speak at the dinner table oh yes the thing was the communist party would push people to collaborate with them. since like if you want to keep your job you need to bring more information about what's going on in your surroundings so you will be fairly normal your wife would be an agent of the secret of the secret service

for example give you a very concrete example i came from school i was seven years old excited to have learnt a new poem. and i go. i want to tell you this poem and they were ok. you know and i started in there like thinking oh my god but they couldn't tell me anything because the moment i would say something at school that would be a problem you know for damn so everyone was afraid to talk to even the close relatives and the fear infused into everyone's minds just kind of like everyone you know. we find ourselves you're finding a fly. that i'm having it. is afraid to speak their. seem natural with each other it's completely awkward in other words

today you would call being english. version. possible i don't know much about. the reason that the whole context of this text and it's a very new paradigm for people who are used to keep their money in the bank and think it safely they're not realizing it's actually not their money but never mind it's like at the old legacy system that. you know we are so much used to have some protection so all of a sudden you have your. you have to security but you need to be very aware of like how to protect that and then that can be difficult for some people and some people get very. has a security system so one of the two combined. of course built on top of the existing hardware six hundred wallets so we allow our users to use.

it in a multi multi multi location set up basically so what you do you have a multi signature. while it's basically protecting your keys in a distributed fashion so all we go first of all we do away with the recovery completely so you don't need to think about how to protect those. and we distribute the key so adds another layer of physical security so what happens. more and more increasingly space that people are exposed to in this space are also exposed to threats. kidnappings. extortions and by distributing your keys make sure that the cost of for extortion is so high

because you say ok in order to transfer my money i have to go to my lawyer and i have to go to my office and so the extortionist will think twice so one of the old ways of protecting the private would be to tear up the kid into three or four pieces and put into separate safe deposit boxes and i think actually over there gemini the winklevoss twins some of their stored in this fashion i think. when he was alive a story. but this kind of you know replicate but on a more scalable robust way so you have these hardware. distributed these were. well it's unlike one could be with your attorney cetera and so it's similar is similar to that. the wrong that's not the same that actually. first is like. taking the seed and cutting in its p.c.'s i'm not sure you're adding any security because. it's easier to and then try

to get as small parts of the see this is a different thing so you can totally forget about the seat so i was completely wrong in my example i guess no more to specifically use multi say and i guess it would be fair to say that for a complete breakdown people can go to the actual web site to get the information what is the web site they can get their all the information ok while you can contact through. let's cross our research multisync online i'm hearing people saying this team of you in concert is the best team in crypto now that they strip i stand for that. our thanks being on the cars report thank you very much for inviting me and that's going to do it for this edition of the kaiser reform with me max kaiser and stacy herbert want to thank our guest alina. over at casa if you want to catch us it's over at kaiser report on twitter until next time.

when a loved one is murder it's natural to seek the death penalty for the murder i would prefer it be the death penalty just because i think that's the fair make the right thing research shows that for every nine execution one convict is found innocent the idea that we were executing innocent people was terrified to smooth hasn't been that we're even many victims. emilie's want the death penalty to be a mole and the reason we have to keep to get pell here is because that's what murder victims' families want to that's going to give them peace it's going to give them justice and we come in and say. not quite you know we've been through this this isn't the way.

and you might.