us americans to a state of our natural existence of individual sovereignty while all primates of course have evolved from south africa that's where all the great experiments and humankind has come from and it makes sense that he would be from south africa here in america to rescue us from our primitive ways that will kill us if we don't evolve and marginal revolution points out some of the other you know technologies he's developing on why they're so important to an individual and to a society how you can protect yourself solar panels plus the tesla give you mobility even if saudi arabia goes up in smoke and world shipping lines are shut down i mean that's how our federal government says our national governments and these giants militaries keep us in line they say well if you don't have us then saudi arabia's oil might not get you and there's going to be apocalypse and you're never going to be able to get to wal-mart to buy your goods well here they're saying if you have solar power panels at your home and fresh water and things like

that you can you can survive any of that stuff but i would talk about dig a little ization dollars asian right so this is clearly clearly did level as ation on a micro level in the 2nd half we talked to abraham cambridge of some sun exchange in south africa and he brings home the point that you can tap into the solar energy and fuel your own existence unencumbered by any state apparatus which is fantastic part of globalization keeps us powerful as unique individuals is that we can speak to people around the world we're not ignorant we don't rely on one you know giant news organization for example or our state department to tell us what's happening in latin america or asia or anywhere else in the world we have internet access we can speak to people around the world and he points out here in this article starlink must plan 412000 or more cheap high speed internet. satellites will free

the internet from reliance on anita restoral government and you already see the beginning of the splintering of the internet as it's parts of it get handed off like dot org that domain name has been handed off to private equity so that's going to be like crushing that's one of the beginning of the privatization of parts of the internet and it's already starting to create it's like divides there but if we have satellites we can still communicate with people around the world and if you've ever seen an apocalyptic film like box or something you need to communicate with other people any survivors out there of whatever our governments and military going to you know bring upon us right those rail guns by the way can launch a satellite into space from a stationary position on earth you don't need a rocket to blow to blast into outer space you can launch the projectile from base on earth using a rail gun to put that satellite into space so that a given norma's ability to put these satellites and get individual sovereignty now the perfect currency for this is big because it's

a sovereign and there's frictionless if it's a store of value you can move it around for virtually no money cost him to move it back and forth and that's part of this revolution so a lot of mosque and bitcoin is like a match made in heaven i'm sure he'll come up with the guy who runs twitter jack dorsey at some point to create some applications and financial products to go with the musk individual sovereignty revolution well actually i thought jack dorsey is in ethiopia and he tweeted at mosque and said hey why don't you bring some tesla's down here to ethiopia he was talking to a woman who runs an organization there on an electric suffering electric power there and so they were to reconfigure the world toward individual sovereignty so it's a distribution of wealth into wealth distribution energy just to be asian into local ization dollars ation i think those 2 guys could maybe peter teal to some degree although he seems conflicted somewhat but he. could also be part of the mix if

you're driving around in this post-apocalyptic world with failed states of course you need to protect your self from the many many neighbors of yours who will not have protected themselves who do not have big point who do not have gold you do not have solar panels and haven't thought too they had always relied on the fed to bail them out and always relied on the government to shoot dead anybody in the world that they don't like so now that's not there anymore so you need a giant truck of mad max truck and mosques latest venture the truck certainly fits the theme and even if the demonstration didn't go as well as planned isn't it interesting that the truck is advertised as bullet proof mad max would be pleased we're heading into reverse hunger games in the reverse other games of billionaires are being hunted and you've got your cyber truck you've got your solar panels and you're individually sovereign and these billionaires who come around they're begging bowls trying to get more money give me one more free of money and they're out in the no man's land well speaking of apocalypse ongoing apocalypse in the

fracking sector just as we had pointed out and of course we got in trouble from the big state about pointing out the truth and telling you to prepare yourself fracking blows up investors again face to the great american shale oil and gas bust so in 2019 through this 3rd quarter 32 oil and gas drillers have filed for bankruptcy that makes 200 since 2015 and all the latest f.e.c. filings are showing the enormity of the losses that are going on as we've said they've never made money in the 10 years of fracking that has existed in the u.s. never annually have they ever made money some individual producers have with the sweetest spots but there are very few sweet spots chesapeake has been burning cash ever since it started fracking to feed its cash burn machine it has borrowed large amounts and has been buckling under its debt for years. selling assets to raise

cash and keep drilling for another day but as debt is still nearly $10000000000.00 its shares closed on friday at $0.59 which is down like 90 something percent on of ember a 5th in an s.e.c. filing it warned of its own demise unless oil and gas prices surge into the sky a.s.a.p. call it continued depress prices persist combined with the scheduled reductions in the leverage ratio confident our ability to comply with the leverage ratio provident during the next 12 months will be adversely affected which raises substantial doubt about our ability to can you continue as a going concern i.e. we're bankrupt. to go to the kids or say we're bankrupt and we're going bankrupt then we're going to need a bailout too and you've got to clean up especially created fracking as we've pointed out was never a viable business but it was a great story and the story was we we need to be energy independent from those bad guys of the middle east and so people poured money into the story the same way people pour money into the we work story because the founder said i'm going to have a global real estate play the global real estate market is extremes of dollars on

a bag that 5 percent of it or 10 percent of it the company is going to be worth you know 10 trillion dollars and the story sold because money is dispensed to people with good stories not to stop the spends to people who have good business plans you need a good story because most of the people of most of the money are beyond looking to make money they're looking to be entertained they're looking for to get a good story and so we work was a great story and it was a 48000000000 dollar catastrophe fracking was a great story it's exciting we're going to big the saudis are going to become the number one energy producer like word to wire some my money it's a great story the business plan was nonexistent they'll never 'd ever make money they're all going to go bankrupt but 2 you want to feel better about yourself doing it well the articles that he's looking at in this piece from wall street they actually talk i think it's from wall street journal or bloomberg in the financial press and they actually talk about the billionaires that have been wiped out because there was the. 1st crash as he talks this is phase 2 phase one was in 2014

through 16 during the member the big crash in the oil prices and a load of billionaires poor dillion what they talk about $12.00 brothers that lost a $1000000000.00 by for throwing a $1000000000.00 at the fracking thing which they thought the bottom 201532016 but as they point out here like whiting petroleum which was one of these big fracking plays their shares were $370.00 in august of 2014 today they're $5.34 so that's course than any of those i c o's are all notable i was a stock broker for many years and sometimes you have to take the role of a priest where someone shows up with a lot of money and they fit their riddled with guilt you want to lose it and you need to relieve them of their guilt and show them how to lose all that money in a fracking stock ok we take the commission i'll be happy to do so to keep the church of wall street going and you've been relieved of your guilt in the form of

being disabused of your wealth and the cycle continues and all those glorious you know you often talk about your days on wall street when houston became a c 3 city be right out oil crash back that well what you're seeing in houston again and the in the 3rd quarter vacancy rates in the business sector the office vacancy rate is at 24 percent and houston right now because of this white house going on and the fracking and oil sector right and the thing with houston and the energy market recovered in large part because of enron and ron had this is the answer that they were going to financial eyes everything then that was a spectacular flameout of course $80000000000.00 aberrated one day and now during this crisis you'll see another savior appear another enron like company because memory is short and we've totally forgot about enron they'll be another enron like company that alone arise from the ashes and will propose some months as a. but of all these problems to deliver the wall street crowd the dividends that

they so richly deserve and cycle will continue and by the way investors will have to come to realize with the with reality that their money was drilled into the ground and is gone but you are closer to god so. much more coming your way after this. facebook and google started with a great idea and great ideals unfortunately it was also a very dark so. they are constructing a profile of you and that profile is real it's detailed and it never goes away turns out that google is manipulating your opinions from the very 1st character

that you type into the search bar it will always be one dog food over another one comparative shopping service over another and one candidate over another they can suppress certain types of results on what they think you should see if they have this kind of power then democracy is an illusion the free and fair election. the more we give them the sooner we're all. what politicians do something to. put themselves on the line to get accepted or rejected. so when you want to be president. or somehow want to be. the 2 going to cross the sea like that before 3 in the morning can't be good. i'm interested always in the waters in the house. first should.

stay in the special to somebody who can benefit so there's room for the rest of the . book to get us out of the we also if. you thought the whole doping in russia think was over forget it. but your book will both are about through a couple of the short of the last real some of the models of the of the. russian methods eligibility for the international competition says at stake this includes events like the tokyo olympics and the fee for world cup in qatar if i am in the early as last year we all just up here where you can go just as it was 4 years ago in moscow anti-doping plavix at the center of the scandal so who tampered with the doping samples database and one does greegor you want to give have to do with it and you know she's at his worst at the ball doesn't mean it but asked me about the little spots will not use the push on the richest book he will ship by to expose me

in the ocean little devils so the bullshit in his notebook. thinking of getting a huge bomb the ones we got in here shows no problem why is he didn't know until he was trapped in this tiny little wired we don't need a crate with him the wall just. freaking out and he won't let us read even anywhere near. breeding dogs that caged in the interview lane conditions on puppy i mean 6. 7 years you know they've been locked up in a cage outside you see no protection from the weather the heat you know the cold air the rain the snow the funder nothing they have no protection. to continue. to get through k. . across the u.s. cruel puppy mills are supported by dog shows and stores most of the puppies that are coming from these large scale factory farming kind of operations are being sold

and at stores even joined a good businesses are involved like agoa mom center there has been a shocking amount of organized opposition to efforts to increase the sands of care for dogs bred in commercial breeding for so many most of that opposition is coming from huge agricultural groups and industries that have nothing to do with jobs don't buy dog. welcome back to the kaiser report i'm max keyser time now to go to south africa and talk with abraham cambridge of the sun exchange full disclosure i'm an advisor i am i done. to say see i'm very well howie oh excellent so listen it's been about 2 years since we last spoke so for those who don't recall tell us about some exchange what you call solar powered money sun exchange is

a peer to peer sort of panel micro leasing platform and i was a baby and awoke to purchase a solar panel own line they gave us and stored it in sunny south africa and eventually sell electricity to organisations schools and chose one lakh reserves you name it anyone from a desktop computer or a mobile phone can now so the power africa the greatest thing about that is the income generated from selling this other is returned to people in big point so it effectively allows completely global irish of so pounds where it's the effect of the stream modify sunshine from one part of the other and why do you think this is profound is that many individuals especially these days are increasingly frustrated by that and the lack of action of of government to stop transition the world to cleaner and cheaper sources of energy such as solar power and that issue is no more

important than than here in africa way gone it's are acting very slowly they's a giant need for cheaper more sustainable sources of energy well there's people living in apartments in new york and london who would love to other decide a panel but don't hurry to put it on and through some exchange dot com people are now a recital panel in the sunniest places on earth so it's basically a revenue split so the sun shine hits the solar panel the school gets some of that energy to offset their cost now they're they've. comes solar power and then anybody who puts as little as 10 bucks into financing those panels gets part of the revenue they get at david and in the form of because that goes right to their back quite a while and suffer the investor who is participating in this game they're turning sunshine into crypto currency and typically and it goes right into the wallet and it's happening in south africa how has the project scaled over the past 2 years you've done a lot of deals right well this time last year we are producing about $150.00

kilowatts of solar power during the daytime we're now just about $1.00 mega will so we basically increase the installation capacity here is on africa by our 10 fold right now we've got fight sort of projects under construction hiring schools and supermarkets were awesome launch another retirement home i mean these are organizations which benefit hugely from having a lower cost energy and a little forget that solar power is now the cheapest form of energy in the world so this is a really great opportunity for businesses to get access immediate access to lower costs energy was made in the put a new solar panels i must point out this is not being issued as a dividend this is basically a micro power purchase agreement it's somebody who is going to a web site bought a solar panel and is leasing beso about directly to a project better choice peer to peer hence it appears solar panel might releasing

a fair enough. we also just you know just post a major milestone with we just cherry did out again to all our of interest to us 1000000 kilowatt hours of electricity that's enough electricity to fully charge a tesla model s. enjoyed it equivalent distance of the moon and back 9 times how much i trust you we are now through this platform and i'm just i'm thinking back to a book i read by buckminster fuller not too long ago he made. the point that planet earth gets about a 1000 times more energy from the sun every day that it uses sun other words the sun is a so norma source of energy that up until recently has been untapped and instead people are burning fossil fuels and they're doing other ways to generate energy which are incredibly inefficient and in places like india are just out of saying they're undergoing ecological devastation the externalities of burning

these fields as catastrophic here's the sun offering not only plentiful energy at cheap rates because a photo electric poundals but you have developed over some exchange a way for anybody essentially to tap into the sun and generate revenue from the sun the sunshine come here regularly and sear into your crypto wallet and totally the growth they are talking about there is phenomenal and. have there been any projects that have failed during that time what's the success ratio you know you kind of 100 percent success ratio i mean when we launch a project on some exchange on the marketplace and sort of the sort of hundreds of pinball ones they very likely they produce power and the b. electricity is so's the end user and return to the solar panels were just your point really interesting thing you just said about your bias to the amount of some point reaching the earth and it be much more efficient and effective to source

energy from that i don't just point out that it's almost unparalleled see what's going on with the in special banking system and don't forget that. bank of scotland off funding for us through should i mean the keys i think so pipeline in the united states which has now leaked was funded by o.b.s. that was also bailed out during the last financial crisis and these the banks which i find i'm supposed to groups were asians so sudden change or is it still would seem to be good to die for. yes money away from main street high street banks which are using money to create more debt and to finance fossil fuels say money out of banks and put it into transparent certain energy projects with real valuable assets on the line then they produce real value energy on a predictable time scale with returns this great a better place. and us without projects deliver and so the i mean the internal rate of return of our projects is over. 11 percent are all i'm not going to focus on

a 20 year lease so somebody could buy some of our projects but 20 years of income source from sunshine and as we were the sun is going to come up every day yes some days maybe shorter during the years so maybe longer over year basis is highly predictable the income that people produce from this great great great points there and you are as you point out taking money out of the banks pockets that are funding fossil fuels so it's a it's a really horrendous relationship between banks and the fossil fuel industry they work together they have been doing for decades they are dependent on each other to fuel this economic degradation here at sun exchange it's an economic and an energy model that is completely divorced from the current model and if if anyone is concerned about the environment here's

a way to monetize or concern you're making up to 12 percent a year internal rate of return which is a which is amazing so lab rate on how the how big coin works in the sun exchange as each kilowatt hours consumed by an end user own the other end of the solar panel the electricity is purchased at for whatever the lease is tied to the moment that tied to the south african rand and that is all about the converted into big coin through the south african cricket. currency exchange which then has been returned into the hole it on i used to count i was really cool about that is that we're tracking the energy production in real time so very soon with the introduction of lightning network rail's we can actually pay out people's income as the electricity is produced in real time so you can read now imagine a stream of photons think about it into electrons being converted into cryptic currency by literally streaming monetise sunshine from from the sun source of power

into some of my own i will it last last bit is coming too so this is really essential i used energy to decentralize our shit with the centralized money so this is history you know the the ultimate vision of how the will be with applicable fair economy to access to energy next to access to money isn't applicable to. topping up batteries in other words he can it can energize battered batteries this wouldn't be as solar panels for schools but just to have freestanding batteries so you could have a station intermittently over there over that array and that would it be able to power up solar cars and sorry electric cars so the electric cars need energy and different power stations can you use this technology to keep let's say stations topped up with energy to keep those electric cars going it's just as an agenda

means for cars it's of battery on wheels i mean and that's what the metric car is i mean this as long as you can charge the battery was sort of power we can measure how much lower power is going to the battery and then people can enjoy around on sunshine so it's entirely possible it is a 1000000 ways you can use solar energy and chose to go into gaza step being one of them and if anybody is looking for a cheap source of pounds charge their rhetoric on it were like the solar energy and this is. it makes no difference really on i want to talk a mid-level what about energy policy is so power is now the cheapest form of energy so you know the likes of amazon and google facebook is switching solar power on the data center is irrespective of whatever policies of the u.s. government is a joint revived call because it makes no economic sense to do so so let's talk about the n.s.a. how big is the solar industry at the moment how fast is a growing globally regionally for you in sub-saharan africa what's the market look like how much bigger is it going to get so i just sort of what was mornings over

the next 9 years it's projected that 2 terrell's of interest the generation from solar is going to be installed while white that's 2000000 get what's 2000 and you could house stations weapon at u.t. this could be built over the next next 9 years there's already $300.00 get a waltz of solar power install what whites past $300.00 nuclear past asians with and your production is still the energy cost is coming down so production costs are coming down but then places like africa where energy access is ret the grid infrastructure has not been constructed yet at reliance on a centralised energy distribution model which was from you know the victorian era where they would have an essential oils co power station pumping out how to address the country this is the most of it at trying to replicate it in new markets such as such as african nations and it doesn't work it takes too much time to connect centralised and she stations so rural areas so energy poverty is

a writ if you access with interest you are very the real problem sort of how it could be deployed very very fast in remote locations providing energy is cheaper cleaner meals on the table so the future africa really is decentralized energy is what we agreed to so enable is the radical esque acceleration of clean energy access across the continent and list will forget that the money future of africa is also due. to carp so you mean here is uppers but with greatest use case per capita of big point than anywhere else in the well people know this money works it's transnational is universal it works across borders very quickly and easily and they work because you from zimbabwe with uganda living in south africa it's remit money back so the future of money. is going if you should but energy is. solar and so so you're going to rebuild those 2 is 2 different what was it 2

power arms together right a brand cameras thanks ray and the guys report thanks for joining me all right and that's going to do it for this edition of the kaiser report with me max kaiser and stacey abbott like to thank our guests a brand cambridge of the sun exchange dot com if you'd like to get in touch tweet us the kaiser reports are like signed by. his community there are people who believe that it's ok to sell fracking food on my table it's really hard there are no jobs and you see that i've got kids and ask and as a parent. i can come up with lots of arguments there's a lot of conflict in the game between the 2 most of the conflict i would say over money and most of them is me. close one on each of those he knows each other

is good business the state of california makes $6000000000.00 and you have to prison complex to get some 20 a life where. you don't care and one of my cares about you so you don't care might anything. the world is driven by a dream shaped by phone person with those words. the day or thinks. we dare to ask. thinking of getting a new phone the ones we got in here shows no problem was he didn't know what to do

he was trapped in this tiny little wired how much we don't need a crate with him he will just stir freaking out and she will want to spray him anywhere near. the leading dogs or caged in in human conditions on puppy farms i mean 67 years you know they've been locked up in cages outside you see no protection from the weather the heat you know the cold air the rain the snow the funder nothing they have no protection. to get well you. know it's ok. across the u.s. cruel puppy mills are supported by dog shows and pet stores most of the puppies that are coming from these large scale factory farming kind of operations are being sold and at stores even joined a good businesses are involved like cargill among santa there's been a shocking amount of organized opposition to efforts to increase the standards of care for dogs bred in commercial rating for so many most of that opposition is

coming from huge agricultural groups and industries that have nothing to do with jobs don't buy dog on a. free people are left a dead after a soda you're forced trainee opens fire of a you. naval base in florida authorities are investigating whether the incident was terror related. also coming up on the program a former facebook content moderator is taking the company took court alleging that his work caused psychological damage. and some people in the u.k. fail to see the funny side of a christmas card poking fun. sufferers. there are ways you can cross jokes in order to situate the human away from people's vulnerability my. alzheimer's before he died.