reserve assets like the dollar euro yen gold and in the payment systems according to a report from business insider on monday from sneezing this is an eyeball hemorrhage . from sneezing i went on the staging fit the command from smoke anyway talking about j.p. morgan and they're saying oh big going only has value in a dystopian nightmare and that's why it has value today because it's telegraphing a dystopian nightmare the value of big coins today reflects the level of dystopian ism that we are currently experiencing it's a price of dystopian islam that we are experiencing because j.p. morgan and other banks are rogue. banks that are committing massive fraud and they've got the central banks on the behalf of us taxpayers to print lots of money to bail them out even though it means that the overall well being of society is being destroyed and it has given rise to social unrest and the global insurrection

as you see with this you liaison or other protest organizations that's dystopian ism and that's what bitcoin price currently reflects and as to this nightmare gets even worse the price will go higher who was born out of dystopia now only did it come for the cypherpunks you saw dystopian surveillance future and the surveilling surveillance capitalism which we now have they created peer to peer cache and order to provide the privacy but also the absence of a counter party risk in your transactions also the genesis block was the general thirty two thousand and nine and in embedded in that genesis block is the times headline chancellor gordon brown on brink of second bailout for bank second bailout they used their system their dystopian system was safe imposed on us as a as a way to unfairly. benefit the likes of j.p.

morgan and that whole basically the class of the rulers of this system against everybody else as you mentioned this year they shown all of latin america all of africa all of asia all of europe all of america the populations there make america great breaks it they're all about this dystopian obviously to j.p. morgan it's not dystopia they like it because they're getting free goods right j.p. morgan as you point out they can't tell what effect they're the first beneficiaries of the fraud perpetrated by the central banks and jamie diamond's net worth you know crossed over a billion dollars by nickel and dime ing people to death and engaging in fraud now it's much higher than the but just one quick note about bitcoin in a peer to peer cache definition after a lot of review and talking to a lot of cypherpunks and taking a really close look at the white paper i think we can now say definitively to really get soto's she's vision it's peer to peer gold and that's the history of

cypherpunks and that's what bitcoin accomplishes is peer to peer gold without a third party intermediary without having to verify the gold that's what bitcoin is that's what it is and you know fight me on this go ahead but you're wrong yeah it's well gold used to be cash they were the same word the same meaning and except for gold you do need to verify you have to verify. through a middleman so here is this essentially that without needing a man a man to verify it for you but again i want to look at this still be an economy that crypto currency would only do well during that big queen would only do well during a disobeying economy so going to look at a few headlines was show and prove that in fact our opinion that we live in a dystopian economy is true here's a tweet the great wealth divergence over the last thirty years younger americans as an age group have become poorer and all. older americans have become richer and you

can see the chart going back and of course this is part of the cantillon effect is it doesn't scape some of the free cash goes to wall street and they give it to another group of people who gives it to another group of people who gives it to another and by the time it gets to the bottom it's laden with all the middleman and their cut of the free cash from the beginning so. you know in within this we have a kind of generational pyramid scheme so the older these people the older generations are the baby boomers we do live in a democracy you get to vote in those who are going to give you the most if you have the power your vote does so the baby boomers were a massive generational huge population boom that distorted everything they were able to get some of that free money flow of that cantle effect towards them and away from the other generations around them now the millennial zz are

coming up and they have the power to change it again which is why they're going for this social democrats like a o c alexandria kazuo cortez so that's something to look to in the future but right now we have a dystopian economy because of this effect right corporations have more rights than people and that's dystopian and capital is freer than humans and capital can move around the globe with up being in cumbered by all these border guards and say we don't have that freedom as human beings way or see heo see and the millennial zz i think are trying to restore the rights of individuals the rights of humans in the face of this dystopian nightmare and that's probably why the big claim price is being held back from crossing over twenty five thirty thousand dollars per coin is because of the rise of fail see if she is successful and humans have a. agency again that's

a net negative for bitcoin in the short term but we'll see because there's a lot of people that don't want her seizing power in any meaningful way well we'll see and our next episode i'm actually working on a some stories about individual economic sovereignty and how so important it is today as the disintegration of empire but nation state so it doesn't matter who who heads this nation state called the united states of america because at the end of the day it's going to be down to the individual so let's move on to another story headline and which would point out that j.p. morgan is basically pointing to a reason why big queen has value in that we live in a dystopian economy here's a tweet in twenty eighteen for the first time that average family in america paid more to hospitals than to the federal government and taxes in

twenty eighteen americans spent nearly one point two trillion dollars on hospital care representing approximately nine thousand two hundred for the median household or fourteen point seven percent of median household income that exceeds what the average family paid in federal income and payroll taxes by two thousand and twenty six projected hospital spending will exceed thirteen thousand dollars per household or nearly one fifth of household income that is neo feudalism my dears that is shocking twenty percent of household income will go to hospital care that's crazy well yeah hospital extortion remember america is a hospital disguised as a country and it's a hospital slash prison. and the incentive to make people sick whether it's the sackler family who pushes heroin synthetic heroin in the form of pain killers

that's legalized and slaughtering americans by the tens of thousands every year or whether it's the corporate jihad forcing people to eat food that makes them sick and puts them in the hospital or in the in the prison either way you slice it we live in a dystopian hospital prison casino glegg that is not benefiting anyone who's done directly owning them shares and options in these companies and again you know in america they don't the so-called progressive media is m s n b c and to a lesser extent c.n.n. and what they'll tell you is how great obamacare is and how wonderful obama is for the st for delivering this system whereby you are forced into a marketplace of health care and yet i'll show you one of the problems of why these costs are rising by the way the blue line is your percentage of income the median percentage of income in america going towards hospital care just hospital care

these are for federal taxes as you see it's you know obamacare did nothing to stop that in fact this excel aerated that and remember so they're pushing you into a marketplace max keiser you invented a virtual specialist technology you know markets well and one of the things that is important for a fully functioning market place is information there there should be no asymmetry of information all information should be available to all investors and participants in the marketplace so here the article points out that it is a problem matic enough that regional hospital monopolies have the power to demand high prices but on top of this many hospitals in gauge in additional anti-competitive practices and a wild matthews of the wall street journal obtained secret contracts between insurers and hospitals revealing that these. x. often barred insurers from sending patients to less expensive or higher quality health care providers other hospitals precluded insurers from excluding some of the

systems hospitals from insurers networks some contract provisions including those from new york presbyterian hospital and b.j. c. healthcare of st louis prevented insurers from disclosing the hospital's prices to patients oh americans are being farmed by the hospital medical industrial complex word docs on a fog or a farm they fatten this up look at the average american waddles around i mean that's incredibly profitable for sugar purveyors and hospitals and then they slaughter us and they sell our parts on e bay if they would if they could i'm sure within the next couple of years these hospitals will be selling organs on e bay for another additional revenue source and everyone will say that's great obama was a genius but again because of our two party system and this whole thing you know that you're either with that side or this side and if you're with fascism if you're with the other side the so is the other each of the other size or fascist if you support them but so nobody is allowed to have conversation on the news here you

know other than kaiser report we talk about this and then we get reported to the congress as being subversive but the fact is that you're you're forced into a situation whereby you have to give these massive corporations and lots of that money goes to connecticut my family thanks you very much because they live well there but the fact is tens of millions of dollars go in salaries every year to each individual executive at these health insurance companies who you have to pay these exorbitant fees for and they won't tell you how much or their cut taken from you i guess we should be grateful or we should be grateful because if we were a foreigner and the subject of american foreign policy they would just write murder us. all right we're going to take a break when we come back much more coming your way. you know world big partisan group has

a lot and conspiracy it's time to wake up to dig deeper to hit the stories that made stream 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 watching closely watching the hawks. meet me let me the just let you know you. see it's one of the things about. those whom you're most of a boastful but in your years and years it was notable just made a movement like you. please not believe their ways but i did my best to you guys the white. people will use any of this it's your. business no. these schools get. you know it's

a new union you can close the form. the united states has always had the right tools to use and it's a tax on other countries. economic sanctions are are often just the beginning another thing you like to do is play some military pressure on the countries attorney talking about. and there has to be an effort to demonize that country and the leader of that country. have a responsibility for the head. and we need to make rules for the rest.

because without us there will be. welcome back to the kaiser report imax keyser time now to go to his c jeremy all of dying dot org and algal solve dot org ok jeremy a welcome back hey hi packs a stacy thank you our eye this is some big stories here algorithmic sovereignty and black box society what is algorithmic sovereignty is airmail and what is a black box a sign. well. a submarine deal and how good it is nice there when people that

participate in to that that our government but at the other them can decide about eight you see our grievances are like lowe's and actually we have a babysitter not a democracy which we can vote about lows and decide what they do to us and based on the lows or so we take decisions so it's a pretty important thing and i imagine when we are online and we use social networks for instance we cannot change do that social network use to rate us to rate our b c b d to make people see what we have doing and also to moderate or even censor what we're posting there's not a democratic process he saw pape he's a black box we don't know how it is being done is it an artificial intelligence he's someone on the other side to distance and not be clear the actually trade secrets so a big book society is

a metaphor actually invented by. well quoted by the book offend us what america not or that describes how certain transparency that was always in place in governance has become opaque especially through a shift to a corporate go airmen's in case of our platforms of democratic platforms you can imagine many social networks in this case. so some are indeed free when i argue we should ask in these cases we should damn way to not be goober earned only but also go burn we should bear we should down a way to not just be users but to be all participants and have a say on how systems govern our luck it's right but look people are easily easily manipulated when you give them a little love in the form of a like button you know you can get a mass of people to do anything they if they can get them to approve an invasion of a country you can get them to incarcerate themselves to get them to become obese

and smoke cigarettes people are stupid on math right so i mean when you give tech technological platforms the ability to incentivize to pity they're going to end up with what we have today i don't see any i mean we've we've kind of hit peak humanity right i mean we've gone past the looking glass humanity peaked right jeremy. yes well your money did in the sense of the human some planet earth but i think that there are human he has a sense a few humanity it should never be in our hearts and i think that the we should keep an eye at least to making things fair you are nineteen seeing what you say are a great example was for instance pocket mungo maybe someone still remembers it why here go ok men go create and i gave money and sent it for teenagers but not only does she play these games online and go to places to get their points and this

situation created security problems because places where flooded in new york and it did the mayor actually warned people and to police it to about him and affect it it actually drove teenagers to to fraud end and call the place itself in the netherlands we have a teenage just crossing railways looking for pocket money so you see that it's absolutely right what you say we can manipulate people even we don't game we've seen simple points but that's where i am to you we should make it fair by having serious society also interject and design the rules of the game because if they don't we can even look at the very good teams should not use we could invade that county we don't gain that incentivize it's not be tense so i should do a bit of a danger stang's to get countered to them self so algorithms of course can be hacked or flash crashed in the case of stock markets so we have

a danger of rogue algorithms and once they get out of control i i think the era of rogue algorithms has really started in one thousand nine hundred eighty seven when you had the crash of the stock market in new york because the algorithms that were governing prices between the chicago futures market and the new york stock exchange cash market went rogue they went out of control. and you had a twenty two percent collapse and it changed markets forever and it got the u.s. government who is controlled by an algorithm it could say to start trading s. and p. futures for the first time in history the us government started to become a massive hedge fund trying to govern the apollo economic policy with algorithms that was only the beginning of this as in terms of economic policy driven by feedback in the stock market and would you agree with that. so nuclear ended the api so today to quote is

a very important one because as of today we did not found out what has happened and why sever obedience of dollars were burned into an angry with me mistake and it is really shows us how dangerous these to add to complexity which is my next point for some very deep to be in place we need simplicity we need to meaningfully sim and as a security researcher i can assure you that simply our systems when they are meaningful when we can clearly identified even boots and outputs are easier to maintain secure we can understand what he's interfering with than when we made complexity we lose our own c.b.d. to understand the systems and. quite an important point to in there finance to what happened we deflect scratching the stock market so we're talking about algorithms in now it's are basically a computer programs and computer programming is what has driven the information age

of the twentieth first century and people assume that it's somewhat but nine that it's just mathematics and has just automation but they don't understand that algorithms can be programmed to reinforce biases now rising political star a o.c.a. in the united states says that some algorithms are racist your thoughts. i think that as a matter of fact we have seen that they are used by police in force meant to actually predict a rate of criminality day he'd to actually make guilty certain minorities certain that a specific ethnic minorities in several counties and disease absolutely it could be level labeled as racist i do agree with that the problem being a dental fight i think is not enough because we need

a solution to that and so far to solutions to these problems in the u.s. there are court cases about these looking at the data sets so that it may not comment made was oh yeah we take the data sets that were fed to these algorithms and we see that these data sets are already containing get large sample soft wish and that is that it chooses again to be creaming know so that data sets out the problem and so far in most court cases these was the main subject disclose that as not a sense but the algorithms that would come these data have been always kept secret i mean again a great secret by the companies that sell for b.d.'s for millions of dollars stupidly except he says actually bear i'm going to make services to help them identify treatments so these companies are keeping the algorithms closed and even in the case of a court case of some analysis by a judge we cannot actually evaluate really what is happening to that data so we

does i like to stress that you know we levy not you know if not aging which we have been told that open data and that obviously station can help us understand what is happening around the world but that i can be many plaited either way and can be putting several relationships with other data you know way that everything can be saved so it is very important to not only to look at the source and. to the result of that the process ing but also to the algorithms that change these data into shape because i can actually make an outgoing that takes certain demographic data somewhere certain demographic data somewhere else and does yeah look this is the truth because i'm now going to say that you know it's a deep it's so deep that i can't even explain to you what happens down debt but you have to believe it is the truth is scientific suit so we leave into our very great mission audio if we give up to this because we were you know who's also touch we

what we can very fight to be through and go into the day action of a sort of santa same difficulty believe that everything that he's perceived to complexity must be true it's a very think you know we can put it in relationship with will it go believes we can go very mental decisions and the way to all sorts of very important things that go back in our life right now going to give us a couple more examples of hidden algorithm so it may not realize or controlling our choices. well i quote at social networks and there are several social networks know what days and for some people are pretty important people are even making a living with us and we have seen that we have seen the baby extreme examples of rage of people that we have a soul dead at quarters of companies running these other things because they thought they were unfair there was a very very sad episode last year of

a woman that actually assaulted that they had put their off one of these companies and ended up tragically and she thought that her channel of news and off media's was being censored and unfairly boot aside now this is a condition one could argue of see cause he spent also and certainly not lack of trust buttons that lead i need to be to a to a crisis to out there it is not dave crises that actually boot to endanger her certainly and many other workers these just an episode that happened in the us what here go another example can be well let's go into the field off a very very important field of public procurement ok so we have c.d.'s that actually have on wait public procurements not on going to base off what is cheaper so these public sector not only and the base of what is cheaper or what is most convenient but the many different fuck there are some many different key caterers

and often that all of these processes are dominated by certain companies a few companies around the world actually don't buy they for structure for public sector to open eight of these indicators and they're. completely opaque they're not even very fight by too many open eight hours that they these decisions so we could out of view that some big amounts of money even from public peer meant a dream been told. they could reason off investment. to companies that can or cannot delete or notwithstanding the fact that who works in these companies actually know better how these processes actually unfold and how funding is assigned so if you work into a company that provides disagree then you have a clear advantage in also creating what he did cannot be like them and can we

because you know how does work you know how the computers and out of public servants actually we decide who gets the public procurement. jaramillo gases that are out there are other items fascinating abbi out for a second segment that's ok thanks for being on the kaiser report genius max all right that's going to do it for this edition of the kaiser report with may mask as are and stacey however i'd like to thank our guests jeremy will of dine dot org and i'll go solve dot org if you like i just on twitter it's guys a report until i stop by a. bus or the stand her hair her. phone one has not.

know that i know are our brother you know god or take care of our. families and that compatible country where you can get. a much higher food for come home than that and yet make them. ally hi michelle. other than the owned lot of the. members that i would hate for not doing. good it's whole foods but choice the i knew you had an unfair artsy time in serious in a movie she ought to have a. model for the name after the whole fuck around with mr hates it for jim and then

for her for it are for every minute for. me the only. this is a stick from the water bottle found in the stomach of the fish the brand is part of the coca-cola company which sells millions of bottles of soda every day the idea was that let's tell consumers there are the bad ones there the litter bugs are trying this way industry shouldn't be blamed for all this waste the company has promised to reuse the plastic. on the. phone now the mountains of waste only grow higher.

i was. i was. not up at. the. president is the u.s. for aggression promoting a faith. in the country washington say the nation's position has only just begun the fight for freedom also coming up at the headlines this hour in the months you know why over the last decade a large number of children have been born with heart with the government report she

won the probable causes.