his funds were deposited and they had across the street at 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 the relationship officer who was great she told me that she and her opposite number at chase across the street had agreed a plan of action i need now open an account at another bank using below points she asked if i was married and had children and she opened an account for each of my children and trust in a joint account with me and my wife and 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 that yeah 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 case they were also withdrawing hundreds of thousands of dollars from banks in order to be protected we got attacked on twitter when you mention this because people were saying well why didn't you report this because this is a salient point this is 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 in 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. we're led to believe

in the strict definition 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. himself he believes he knew better he believes you do 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 mix when actual crisis how john author has been a. journalist had he been a proper. journalist had he not so censored 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 fictionalised like john authors 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. but i want to show you that in fact it's the opposite that people the ordinary person the average citizen of the

world knows 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 reporting and 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 we didn't announce our because we knew they wanted to cancel it so we just showed up and i had my camera running and what we witnessed was k. . and in fact we spoke to one of their publicists and she came down to greet us and

she admitted like they didn't they didn't know if they have the financial system would survive and that because of that that we definitely. himself had said that you cannot speak to anybody at the bundesbank specially the gold department he said so we basically aired that. we aired that and we aired that they didn't have any gold actually that germany did not hold its gold she mentioned that she had no they didn't have gold in germany but it was actually in new york so what did the people of germany do did they panic did they freak out did where their bank runs despite hearing that they had the bank was panicked about that they themselves the buddhist bank was panicked of the financial system was about to collapse they did not know if it would be there tomorrow or those were her words as well we did not know if it would be there tomorrow so now they took care of themselves they're prepared for

the next financial crisis why because of our report what they did is they demanded their government bring their gold back from new york from the new york fed which by the way was ground zero for this financial crisis nobody but tim geithner was more responsible for the disaster and the reaction but they protected themselves they didn't so they were given information that they were not aware of they did not know they were not protected they did not know they did not hold their old code gold and they took it back the trigger they repatriation of germany of their gold back from new york to germany and then the holland did the same thing and a lot of other countries have done the same thing so this was honest reporting that was needed to be done to let people know to pressure their governments that they were exposed to financial crises by not having the goal that the government so they had and so if it was john authors you would have thought you know what i need to protect my friend i need to protect my job i won't report the truth i'm going to be an embedded journalist. for the lackeys on wall street and the central banks. that

said any as career has been tarnished irreparably because of that well of course we're at a crypto conference cryptocurrency it's a ten years as well since the white paper says so should not comodo publishes white paper for him her white paper or their white paper in october of two thousand and eight so this was this is our response to the financial crisis and eight there was one comment he was sent that i want to read to you as well because i think it sounds a lot like perhaps it was max kaiser but it wasn't but it sounds similar somebody wrote i have a k. and that's not going to change as long as there's a monarchy full stop all right we're going to take a break we'll be back don't go away.

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 is just no room doesn't mean that we're even many of victims families want the death penalty to be abolished the reason we have to keep the death penalty here is because that's what murder victims' families want that's going to give them peace and 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. this is. so they need to actually physically hold it out of the ground you would

have well well well well well. there's a lot of money with joyal 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 is an issue. here you. they were told sixteen hours a day it's hard work well work it's not easy work and so they want to relieve their stress and how do they relieve their stress these men move back out like he's 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.

money you know on the. on the water. total room go to. my money we didn't know. oh you ought to go to the post gets a good move for your. welcome back to the kaiser report i'm nice keyser time to get to alina. all the way in from alina welcome thank you and back thank you my ex you know you're becoming a pillar of the community because you brought to market something sorely needed a hardware a wallet. and it's become almost an industry standard we'll get to that

a second now you spoke on the first day of 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 about me about individual sovereignty what does that mean. that you know for me means. the capacity. on the. point when i do that and on which is. pretty much you know i come from a background you know. some people feel good. 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 this 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 the chicken slovakia 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. and so for me personally freedom means means a lot and beat quine when i discovered quite an i.v. . 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 to. hard money like. 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. freedom for granted because i've never known 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 or dictatorial regimes all over the what you said something interesting in your description of family life back and under communism. that you couldn't even speak freely 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 it will be fairly normal that your your wife would be an agent of the secrets 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 about linnean and i go there i want to tell you this poem and they were ok. and 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 kind of afraid to talk to even the closest relatives and the fear infused into everyone's minds just kind of like everyone you know it was really. we found ourselves and i should mention that you're finding a fly. that i'm having a. little one is afraid to speak their they seem natural with

each other is completely awkward and in other words it's today you would call being english. version. of the same time line in london possible i don't know much about. the reason that this whole context of this. point is freedom for you freedom means freedom from surveillance freedom from the state in your state intervention freedoms freedom to express yourself means a lot of stuff started as an entrepreneur you started out in business once you i guess revolution came along and now is free and you started businesses more or less and then lead you. having to understand money and then yeah and then. freedom is that fair to say absolutely fair to say. something you know. there was a time in the seventy's. where. there was a group of smart people intellectuals creating the. group they tried to leave

a parallel life because they couldn't leave the society there was very prohibitive these people would create their own subcultures their own internal spreading off news and information they would print their own newspaper. the. missing for them was money that would allow them to turn sacked without being surveilled and controlled and so yeah definitely bitcoin is the tool for people to get free from the system and even the western society doesn't feel the need just a little part of the world. the need some may be. much more in other countries first before it gets really adopting their own underground movements there's always been resistance there's always been

a problem not having one's own currency because ultimately transacting in the currency of the dictatorship whether it's the dollar which is the global dictatorship of money or or anywhere else now. doesn't bother me. because you say essentially they know not to not to fool me or they will be condemned. they'll be reincarnated. that's the penalty of the fly lands on me and the flying level the last time i saw you was in new york i introduced you all stacy and myself introduced you to jeremy. yes and the company in which we are investors to disclose this now the two of you hit it off so well on an ideological in ideas level that you're announced here in crypto springs that you have joined the cost the team about that very exciting yes that's very exciting and thank you again for for making this happen. we since then that was earlier this

year we continue to very intense talk with jeremy on the next steps forward so you know when i was so weak i feel like that was a very good foundation for software and. it is the sort of wallet that one uses to store their private keys essentially for protection for security and so taser make made it possible for for normal people like myself to hold their bitcoins in a secure way to make it fairly easy to use right away top not security so this is a good time but we need to go a little bit like step further and there were still a few things left to be tackled. you know all of a sudden you have a hard look over at casa if you want to catch us it's over kaiser report on twitter until next time.

you know world's big partners. and it's time. to dig deep to get the stories that mainstream media refuses to tell more than we need to be smart we need to stop slamming the door. 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 watching closely watching the hawks. and your own pal. coming up that. well i. am. in

film pen there is a trade in young girls sold into an underground six in the street sometimes by the people they trust the most. time and. you cannot operate as united nations this is not just one robot you are in d.p. world health organization and in fact other international organizations like the international committee of the red cross you cannot work in a place like gaza with pragmatic cooperation with the locals or a tease which are hamas in this case here or has been for most of the last few years. the wings of the united states is dangerous for most of the illegal immigrants.

cost of the most just as the word of sympathy i want to become lost and then throw another one to us to sum this up but if many of them look for refuge in the so-called sentries sides the draft used to share information about undocumented migrants with federal authorities the best person asked the man c'mon. listen you know you don't have it best when i get i'm in a lot of class and i want that. they have water they all choose to stay in the country with donald trump in the white house all the gravels big clubs. the to be about to be. a since it struggles of many couples. deal with the push including those who will come from throughout the years of popular culture but. i don't have faith in this government official of president i don't have faith in the system i see i've got it's over i'm too liberal the system does not decide for

people like me. as long as there are. different people who are here for different reasons. we also have a. most people in philadelphia are only about two paychecks away from homelessness. in the. us president donald trump is to punish saudi arabia over its alleged involvement in the disappearance of a dissident journalist but with business brains on in washington common sense is

still on protecting the billions of dollars at stake when it comes to me. as to whether or not we should stop one hundred ten billion dollars from being spent in this country knowing that they have four or five alternatives two very good alternatives that would not be acceptable. and historic result could be a plan to shake the german states into a very a as residents prepared to take to the polls on sunday with the alternative for germany party on the verge of breaking new ground in the country.