i want to do is just show everybody is doing a review very clear. the way. management . and they are they they are what they have and they have then you. must give me the field is very. soft yeah i'm them what do you how much. do you do you. come to mind if this was not about the helmet available to measure the johnson or negative.

you know i'm max kaiser yeah we're at the magical crypto conference in new york city incredibly exciting here as the bull market has returned krypto winter currently over new all time highs for big going now. my interim target of 28000 looks still in play and are a long term target from 2011 of 100000 still good now stacy when we flew here it was dramatic and it was unbelievable experience because it was covered by the international press the new york post the daily mail outlets all over new york and even around the world we were witness to an unbelievably chilling. event and that the woman young woman sitting right behind us on the flight got up and went to the forward part of the cabin attempted to open the door and commit suicide screaming i want to die i want to die and this was really bone

rattling and shocking yes it did make international news including new york post right here in new york city and we should have mentioned it the last episode but it was a little bit too shocking to come over it but yeah we made the international news and the thing is that was quite remarkable is this young woman she was going through suicidal distress and it was just testing to see this was on a flight where that scared because i knew that you can't open a door mid-flight so she did get the lock open but you can't push it open against that door we were coming in for a landing all of the air traffic control audio does suggest that the stewardess had apparently talk. the pilots who of course are behind locked doors and could hear the screaming it was very blood curdling scream that the door had been opened

so apparently they were preparing for a crash landing so crash vehicles were on the runway and then once it was. basically they got more information once the girl's mother not mother but father had grabbed her and pulled her back to our near our see right behind us they they said it wasn't a crash situation but it was pretty scary it was pretty loud we did have a steep descent and a fast descent into a landing and raced across the runways and you know it was a little bit scary and i do hope that they're also ok and that she's not charged because it was she was going through an emotional situation for me it was an amazing display of how we live in this compressed media world where by the time we landed the press has already been covering it the cops are waiting for the plane to land here about 30 or 40 cops around the plane and the professionalism of the airline and the flight attendants was on display the passengers were actually

quite calm about the whole thing and this woman was somebody who experienced what appeared to be a psychotic break this young woman right in mid-flight and it's one of those moments where you know you realize life is fragile and life is living and are meant sold balance is something that we all work to keep in on a level level playing field and it's a struggle for many many folks and anyone who uses spec my be suffering from a mental illness problem or is acting strangely or step toward bringing somebody back from a situation like that the follow up news was that she had been horrible victim of a crime so she was going through the trauma herself. yes so the. it was a shocking we were there and we survived and we landed. that's where trump keeps

his private plane and i want to talk about trump because trump you always call it trump derangement syndrome and this notion of a crime and the media has yet to come to terms with winning the election apparently some of his tax returns have been released or given to the new york times and you and i here and kaiser report when we were in washington d.c. on episode 953 and august 26th seen we predicted exactly what would happen exactly to a t. about the release of his tax returns and max you were a banker here in the eighty's in new york city you know exactly what a lot of your products you were selling were massive tax losses that was the eighty's that was the period of leona helmsley and only the little people pay taxes and how the rich avoided taxes remember new york city is a high tax state you have to also pay city tax here in los in york city if you're

the wealthy pay a tax rate of something like 3.8 percent for cities tax here you know so this high tax state so how many how are there so many billionaires care how do they become billionaires well through tax losses well it's interesting that something criticized for these huge tax losses for the reasons you just described in the property business is run really by stock losses that a lot of the industry operates in our wealth is aggregated but just take a look at some of these companies going public in new york right now like goober it's got tens of billions of dollars of losses and people are giving it a multi tens of billions of dollars by the way should because it's losing so much money amazon was losing billions and billions for years all the company's going public now on the stock exchange are showing remarkably huge losses the. biggest losses ever by any company ever gone public in the history of the world and that's viewed as great because when you lose money quickly it says that you're growing

rapidly getting back to the 1980 s. in these tax losses as a stock broker on wall street this was something we sold on a day to day basis i mean we sold chinchilla forum for example where you would get 8 or 9 to one right off you know you put up $10000.00 you had $90000.00 off your taxes and when i would like to stress that when people say tax rates should go up for the wealthy it doesn't mean that the wealthy are going to pay those taxes it just means that the wealthy will engage in tax shelters again their adjusted rate of taxes for the wealthy no matter what you do will never be higher than 1516 percent that's what happens when you get wealthy you don't pay taxes higher than $15.00 or 16 percent if you're a huge company like general electric and others they pay $0.00 tax they pay no taxes all i mean i'm all for a flat tax and everyone pay 15 percent the rich the wealthy are already paying 50 percent that's the highest ever going to pay and for the less than wealthy 15

percent is an ok rate of return and then cut you know trillions of dollars of admin trying to create multiple tax rates that's not regressive and stupid and that's the fact so i mean i want to point out that the propaganda how they basically manipulate the mind of the ordinary american and basically keep the ordinary american struggling and the wealthy very wealthy because they what they did and what we predicted in episode 953 in august 26th seen is that would have massive losses because one gets into the real estate business in order to have massive losses even though property prices go up and up and up you get to depreciate it allegedly it depreciates every year right so what do they call them we. predictive into a 16 there are loser they keep on calling him a loser so that ordinary person especially anybody who's watching m s n b c and

fair is like everything's fair in love and more and politics they're like loser you're a loser but that is why he is rich jeff bezos is worth 140000000000 or 110000000000 post his divorce but he is worth 110000000000 because he does not have to pay taxes because losses because he is a loser and that's why amazon i think they had $20000000000.00 in profits last year but paid no taxes because of all the losers that of amazon donald trump himself tweeted and this is the period that max was living here in new york city in the eighty's he said quote real estate developers in the 1980 s. and ninety's more than 30 years ago were entitled to massive write offs and depreciation which would if one was actively building show losses and tax losses in almost all cases much was non-monetary sometimes considered quote tax shelter you would get it by building or even buying you always wanted to show losses for tax

purposes almost all real estate developers did and often renegotiate with banks it was sports additionally the very old information put out was highly inaccurate fake news but let's go back to trump's rise of the 1980 s. he came in after the 1970 s. and the new york city was bankrupt this you recall the government told new york city drop dead was a famous they're opposed to the line trump was called in by the city and by government officials and said please will you develop our properties here in new york city in manhattan tax i'll give you these huge write offs to do it that's how they trump him to do these work that's how he became a billionaire because they begged him to develop because the politicians abdicated their role in. you know in leading politicians they handed the entire basket of goodies over to the likes of trump in wall street that

was the beginning the point initialisation the global economy particularly in the states that's where the stock markets at all time highs best we've got these billionaires who make the money the wall street because politicians abdicated their role they walked away from the stage and said we can't go to live anymore let's give it to a competent guy like troll and so you know that you can say oh we're sorry that you saved us in the eighty's and now we're going to criticize you for that no you don't get to do that by the way or backgrounds moving just so you know that's what's happening in the background yeah you know again i want to talk about the propaganda about. how the ordinary person is only going to watch one of their teams cable news is either going to be m s n b c or it's going to be fox and you're going to call each other losers and that's how sports works that's how cocaine's go hurricanes you know that you'd support a team and that's like you that's you get caught in that propaganda but if you look at the financial news if you look at the financial times if you look at bloomberg

if you look at wall street journal and this is what the rich guys are are reading i'm going to read you a headline from august from april 24th just a few weeks before this trump is a loser and has all these losses i'm going to show you a headline from bloomberg news one to make millions and pay no taxes try real estate and they look at harry mack low a new york city property developer just like trump and he's 81 and he has not paid income taxes since the 1980 s. according to a court opinion and his divorce proceedings issued in december the ruling which divided their luxury homes and an art collection worth more than $650000000.00 between mack lo and his wife linda doesn't suggest the couple did anything wrong. to avoid paying income taxes rather it highlights the special perks available to property investors in the us advantages that have expanded under the tax law

signed in 2017 by donald trump america's real estate developer president so this is how bloomberg news financial press tells its exclusive readers it's open to anybody you can go there and read it yourself and learn how rich people get rich and stay rich but that this is how they get ridge and politicians abdicated their role they handed over to business people and whatever the politicians do business going to work around it so stupid to support a politician who say they're going to impose a tax or impose a regulation because the rich can just move right around it is easy as pie if you're listening and you want to be wealthy you want to be rich i understand that if you know how to read a balance sheet and you know how to read the recent legal guidelines you can become rich it's almost like falling off a log if you can't figure that out is because you either cannot read or you are

incapable of mass simple math that's it that's the bottom line people then you have got to take a break when we come back much work anyway don't go away. with this manufactured. public will. when the ruling closes and protect themselves. with the flaming. lips and neither will. seek. to lose.

as opposed to see on his attorney one name for you the corner one goes a little. bit more which. is a real if they give you a good those who know people who supposed to its limits we could see that it was clear. that the thought of you. if you. left the finish that you give. one else seemed wrong. when all the rules just don't all. get to shape out just a consequence of. engagement equals betrayal. when

so many find themselves worlds apart we choose to look for common ground. thank you. welcome back to the kaiser report i'm max kaiser you know a lot of able to talk about bitcoin is being censorship resistant of course but they usually made it is that nobody can get in there and muck around with a transaction so trying to send money to journalists of faraway places especially important but also asked to speak to the priest creates and we've got some here to talk a little bit about that in drew tour from ghana dot com welcome good to be here max thank you all right so we're on the floor air of a magical crypto conference in new york city and we're literally walking by just grab to get this interview because gab is got

a lot of attention and it touches on that censorship resist an element that were really so important these days with the major platforms like you tube and facebook and others really clamping down taking people off censoring people in a way that seems completely unacceptable so 1 i guess the 1st thing to do is what is gav dot com what's going on just give us a little background so god is a free speech software company our 1st product was god dot com which was a social network as an alternative to twitter and we welcome everybody it's not politically biased in any way it's politically neutral technology is politically neutral we've got a 1000000 users from around the world we just launched our own browser and we have a browser extension called the center which adds a comment section to every you are on the internet even websites that don't have comments sections you tube videos that turn off comments individual tweets anything

anything i'm going to say so the browser i'm watching the youtube video where the comments have been disabled correct but add decenter which is a product of gab dot com there is a comment section yes if you're into. all the browser we have our extension built in or if you want you can install the extension on your existing browsers and you click the extension on the u.r.l. and it will pull up a unified comment section on every auto so even you tube videos that the sable comments websites that disable comments are don't have comments sections there will be a unified public square on every your on the internet saying about a 1000000 users and how growing on a monthly basis over the past couple of months especially with the increased censorship we've been adding anywhere from $30.00 to $50000.00 users just completely organically we're not doing any marketing of any sort it's just word of mouth are existing users telling other users that we exist and to come over because we support freedom of speech and we support american privacy rights. we want

everybody to be able to speak freely without having these 4 or 5 companies in silicon valley tell them what they can talk about and what they can't so like point of course is immutable censorship resistant it's encrypted. decenter offer of that speech yes so we're moving towards open source the center itself is open source the browser itself is open source and we're in the process of open sourcing gav itself so anybody can see the code anybody can contribute to the code and the code can exists beyond my own life or beyond the life of even our company so that's the goal is to empower anybody to spin up their own gab server if they want to to check our code to make sure that it's transparent so that we're not censoring people and to contribute to it as well ok so this would sound like to be open with you know welcome with open arms anyone who is a lover of free speech in america and in other countries free space has come under

a tremendous amount of challenge or why do you think in this era 2019 why is suddenly speech being shut down everywhere while i think we see those in power losing control of the narrative. and their ability to influence the masses with that particular agenda or that particular narrative we see individual journalists who just have an i phone and are in the street and have a following on the internet reporting the truth and 4 that ruins the narrative that ruins the power structure that ruins the control that those in power have currently so they feel threatened by that and i think that's why we're starting to see this increase in censorship because they they can no longer control the narrative anymore what i say is that that power structure that you describe whenever something appears that they don't like day somehow put that into the category of hate speech are a speech on 10 years ago 15 years ago i think i was able to identify it pretty readily. you know it would be if i were to engage in speech

that. is a very ugly viral in form but over the last few years this has changed so that if i would come out and say i really don't like strawberries somebody somewhere will consider that hastily and they fall and i should be shut down for that and if i also happen to have a political view that's not in sync in sync with somebody else's then they can use that as aware and the population seems dumbed down that they actually accept this couple of questions here 1st of all. is there such a thing as a speech in any forum anywhere is does it exist and does it matter well i think there are certainly hateful people i think that they express their views and hateful ways but the united states supreme court has ruled unanimously multiple times that hate speech whatever it may be is protected by the 1st amendment and as an american company we have those protections and we can extend those protections

to our users around the world i think the problem that you address pretty pretty accurately is that the speech is something that's very ambiguous it's very subjective so they can use it to enforce it against like you said people who pay. strawberries there don't like strawberries and that could be deemed this hateful and the other thing that is really important to express here is that 6 it's not enforced equally so if you're being hateful about christians or you're being hateful about white people or you're being hateful about men you're allowed to do this on twitter on facebook etc but if you criticize other groups if you criticize political ideologies well now you're hateful and you're banned from these sites so if they want to have these hate speech policies that's fine but i think that they should enforce them equally and that's why we chose to not have these policies we chose instead to give the power to the individual to let them decide what they want to see and what they don't want to see if you think something is hateful you don't have to follow that person you can mute the words you can walk the person you know is it pretty easy matted to see yes soon so that you are no you see

a false face you can meet that outer rock. exactly like who are we as a corporation to decide what is hateful and what isn't and what is news and what isn't and we're allowed to follow and who you are and i think that's absurd it's not the way the internet has worked since its inception and it's not the way that people. want to exist on the internet it's not the internet that i want my children to grow up with so going forward now where do you see your bottleneck in terms of growth like what do you are looking for the next few years because you're a company you know you're a for profit companies are your you are early start up right i assume raising funds yes you guys shareholders you've got a multiple stakeholders in this right when as a businessman now you're the c.e.o. you're the co-founder you're looking out over the next few years what do you think the challenges through are going to be the biggest challenges i think we've already actually faced those we've been banned from at stars who have been banned from

payment processor if you've been banned from posting providers you name it there's about $30.00 plus businesses that have banned us from using their services and what this is actually done is made us more antifragile so we've had to innovate and build our own access technology our own hosted. our own payments using things like the coins and things like the lighting network which we don't have to answer to a bank we don't have to answer to a 3rd party payment processor like pay pal for example those have been our our biggest bottlenecks for scale and for distribution but i think we face those challenges head on and we've been forced really to innovate around them and so far we've been successful and i think will continue to be successful going for so there's no joke involved. in this mix at all i don't get a token for being on the platform or anything you know utility to know anything i just get the the right to speak freely correct yes that that's what you offer and hopefully will be able to integrate free speech money which i see as because in my opinion this free speech money and we'll be able to introduce our users to that

concept where they don't have to ask permission from a bank or ask permission from a government or ask permission from a corporation in order to exchange value and provide value to the creators that they enjoy watching why why would why i would think they would already be on top of that you know in a big way you would think yeah right so it's all come out that now the words are not wise that well i think that the biggest hurdle right now that the court has is of a branding hurdle right the people in big point communities like to talk about the technology they like to talk about the economic side of it sound money etc to normal people that stuff doesn't resonate so we have a branding problem we have a user experience problem the on ramps are very difficult those are also now being censored we've been banned ourselves from coin base from pay from square so you know i think making that. the branding proposition about free speech money and the boarding experience and the user experience of actually getting it out of it that i

remember you got to have like a marketing campaign a few months ago free speech money yeah that's because so you're trying to help because you gave us some urgency yes because right now it is kind of stuck in this techno. oh monetary ghetto yes and what you see is this kid into everything that you might hold dear with praise be right you need to apply to free speech money well here's the thing people are being banned from pay pal people are being banned by chase people are being banned even by crypto companies like coinbase for example if you want to support the creators that you enjoy if you want to support companies like dab you're going to need to learn what that point is and learn how to use it so as not my buddy alex jones we're seeing all this because he's been the platform he's on gap i'll tell you that as a yes he is is he building an audience yes he is he's got i think 40000 followers on down so far right so he might have the last laugh yes i think you have biggest

presence on dab now are. most of the people that have been banned to be honest you know people like alex people like paul joseph watson who was just banned from seeing now on dab he's been on he's probably one of our biggest accounts actually and most of the people in those accounts like twitter and these people afford to lose a call it's just of watson who's got him over a 1000000 followers so here's the thing people don't understand that majority 80 percent of twitter user base is international so they don't have to. say oh he's a big one i'm going to come over to gap that would be fantastic we'd love to have him wow that would be that would be a seminal moment for your company i would be a game changer all right it's cool to have so i think everyone's got to check this out. and if you like free speech i guess my takeaway from all this is what we discover say is that big point doesn't have that urgency problem yes it sounds cool man why do i care right now you have an incentive right

now if you want to support creators like alex jones or laura loom or all these people that have been banned from pay pal from stray even from crypto companies you're going to have to figure out how to use that point are going to have to figure out how to send and how to buy it except. so there is now a sense of urgency hopefully that will continue to increase how to get a hat like that. we're going to open up our birches i start pretty soon but do it. in the hat and your tour but thank you thanks for having me all right that's going to do it for this edition of the guys report with me max guys our states never want to thank our guests answer to our by the name of the companies gab ga bay dot com. very important check it out if i catch us on twitter it's guys report and so next time i go.

what politicians do you should look at. it put themselves on the line. they get accepted or rejected. so when you want to be president i'm sure. more some want to be rich. but you'd like to be prosperous like them before 3 of them can't be good. i'm interested always in the lives of my. friends should more.

as the u.s. ramps up the pressure on iran the senate. and he sanders accuses donald trump's national security adviser of trying to lead america into a war with iran as they did with. russian games designer faces up to 10 years in the u.s. jail for allegedly smuggling f. 16 fighter jet manuals at the country he claims he wanted to make his flight simulator game more realistic prosecutors accuse him of conspiring against the u.s. government and chinese telecom giant huawei warns the u.s. its latest move against the company won't make america safer but will hinder that the.