chileans of dollars even more chilean some have printed for the 2008 crisis well here we have seen carstens he's the former head of the bank of international settlements and now we prince tweets about him central bank interventions to quell the crisis need to reach the individuals and businesses who are all tamale affected the last mile of this channel is not yet in place and needs to be bridged urgently so he's talking about these trillions of dollars are going to be handed to the same banks they got that in 2008 j.p. morgans of the world citibank bank of america all that stuff but the problem is especially in the situation it's not those big banks that are having a liquidity crisis as it was back then or credit crisis or credit crunch it's these small and medium sized enterprises that operate all the goods and services and deliver all those goods and services that they're the ones that are in trouble at the moment they are the last mile distribution in terms of money. the former bank

of international settlements guy is talking about is explicit lee pictographic lee portrayed in the money a velocity chart that we've been showing for a few years when a block face come to a dead halt is just gone down every single year because the money doesn't get to where it's going on purpose that's by design because if it did then people would use it in ways that would increase the money velocity and wages would start going up and then the wall street ponzi scheme would come crashing down would have come crashing down earlier because that's inflation and inflation is the death knell to bonds and the bonds for 40 years have been the collateral for the ponzi scheme that is wall street because the bonds keep going up in price as long as folks like this guy who is a former banker international settlements can complain about the last mile financed not going towards going to go then you will always see the need to lower interest rates we have a lot. more interest tries to keep the ponzi scheme going so it's by design i don't

understand i mean i understand he's trying to distance himself from what he has done well because he's he's a foxhole confession you know he's the arsonist who comes out of the burning building and says i mean i pour gasoline all over the place my little match and it burned down i don't know what happened officer i don't know what happened and we say this alan greenspan when he left the bank central bank you know he said you know what all my comic series i have to say now we're wrong so now the cranston who by the way is as big as a house too many carbohydrates i think you need to go on quito that's his style is showing a mic culpa and saying actually i'm a fraud everything i did was a for odd and whatever he's doing now sweeping toilets or cleaning toilets or whatever he's doing now it's too much so there is a distribution problem with the free money the free money keeps on going to the same people they hoard it they hide it they don't they don't circulate that we see that in the money velocity numbers and now we're the same thing central banks

including the i.m.f. and bank of international settlements are being presented with a scope in $1000.00 pandemic and i thank all they know how to do is give money to the banks because that's what their mandate is right so here we have a situation whereby this money is sitting there idle it's not working it's not circulating and it's making me think of what we're seeing in the agricultural sector because we have headlines like this a food crisis looms as coronavirus forces farms to stay idle and country scored supplies on the one hand you have hoarding because the fear of how long this pandemic is going to go on and on the other hand you have farm sitting idle not for want to supply the cattle was still there the pigs are still there the chickens are still there the chickens are still laying eggs we still sprouting the corn is still growing all that stuff is still there. but you need humans that will go there and

pick it and stand on the assembly line at the processing factory like processing the meat processed in the chicken processing the chicken egg and the people those people are either fraid to go there they're getting sick and they can and then the whole assembly line has to be shut down or they're just not able to because the social distancing they have to fend for their part which means they have to operate on a smaller assembly line so you have a problem of a food sitting there idle and yet and you see that in the distribution line here is that if you go to the supermarket their distribution their supply chain is built for one thing and obviously this pandemic compound that buying people buying for a month or 2 at a time versus the supermarket that their own supply chains but all their suppliers are now like almost bankrupt because they have all this food that is meant to be delivered to a restaurant and it can't be this is you know

a few decades of the distance to crash the organized labor you know going back to reagan and when he fired all the air traffic controllers and that was the beginning of the end for wages than wage earners in america if if if now it's about a $15.00 minimum wage which is a joke because if wages had kept up with inflation defined as the rate at which money is being printed then the minimum wage in america just to stay even would be $50.00 an hour right it doesn't but jamie dimon makes a $1000000000.00 a lloyd blankfein makes a $1000000000.00 because they're adding some kind of incremental gain to the economy no they print to lots of money and they take a $100.00 and they give you one right now ok after 30 years of that and now suddenly the supply chains around her up to it and your $15.00 an hour worker are saying well we can't work because the coven one thing and by the way we're organized now and we're going to demand our rightful hourly wage which is closer to $50.00 an hour. based on your money supply you've been warning yourself for 30

years i mean wall street can't win every single time eventually some workers have to participate in the american economy the american economy is not just buying for kleptocrats it's not buying for terrorists like jamie diamond there's labor involved people who work with people who have families or values or the american history the legacy that has to be respected at some point you simply can't throw the keys to a group of wall street charlatans and give them 6789 trillion dollars and expect them to whip up something that's not an outright fricken act of bald terrorism i use it to get their terrorist what to do with terrorists well of course the decline of organized labor saw the rise of organized crime which is we've had a crime wave ongoing financial crime wave derivatives crime wave debt crime wave credit crime wave since the 1980 s. late 1980 s. and it's accelerating because the cop was there there's too many capos you know and

they're having to have a turf war they got called in for racketeering right to bring prosecuted under rico jamie diamond right there maybe morgan j.p. morgan just like like jamie diamond makes the $911.00 trophies look like spilled milk that's that's the proportionate response to look at jamie diamond in the wall street bankers and by the way their stocks are crashing now so after they stole hundreds of billions of dollars. and they left an empty shell of a bank that's now collapsing and it's happening all over the world ok that's an act of of vandalism that's beyond anything beyond anything we've seen so call terrorist what you compared to diamond those guys are are you know peashooters doing. well remember jamie dimon did from the hospital say that this was good this collapse was good for j.p. morgan because they could buy at a cheaper rate than that which i mean it is his walking call that 19 ok these are

worse than coffin one thing he's infected more people with his financial virus than covert banking and creating more death and covert 19 how he's not in jail today is a fairly are of justice in america so i want to turn to this story from i believe it's the n.b.c. a food crisis looms as coronavirus forces farms to stay idle in countries hoard supplies so the f a o which is the united nations food and agricultural organization said that disruptions can be expected in april and may to the food supply restrictions on movement some basic aversion be paid for by workers could impede farming so the f.a.o. food processors to handle the vast majority of agricultural products could also be prevented from processing the farm products we are already seeing however challenges in terms of the logistics involving the movement of food not being able to move food from point a to point b. and that pandemics impact on livestock sector due to reduced access to animal feed

and slaughterhouses so this is something i've been noting on twitter by the way and there is that an entire sector of of twitter now dedicated to supply chain truth or ism so they believe that there is despite actually workers not sharing out slaughterhouses have just shut down you know flower producers saying that they can't deliver because of the disruption in the in the postal system you know not. saying that there's anything wrong but there were many people denying back in january if you look on kaiser report we were covering in 1000 and saying warning people about this in january early february were with alex shaffer painting arts and early and mid february and you know we were warning about this one people who were there were a lot of truth is out there as well saying denying that anything was coming well i blame the video games because you got these millennialism jency who play video games and are in virtual reality and they just click a button and they win the game and they're like wait a no what i mean the supply chain i just won the game what he talked about they

don't they when they have no comprehension of the physical reality of the world they have no idea where food comes from they just think their mom brings it on a plate down in the basement they say continue with their songs my mom's up they're going to make me a cake what do i mean there's no supply and food again we're talking about that last mile of the last mile is always the last the biggest problem around the world for example giving aid to africa so it's that last mile actually distributing the goods it's the same thing and america where we say there's no disruption in the actual supply if you send a bunch of food to a warlord in africa it's not going to get to the people is it if you give a bunch of money to jamie diamond it's not going to get to the workers is it these are awards on wall street instead of a guy in africa who is here giving a 2 and he says oh you know i think i'll just keep it and not give it to the people and they're going to starve you know he's there's no difference even if they supply is there even if somebody could distribute to the very last mile we have the problem of the last 2 meters in this pandemic situation in this last minute here

billingsgate fish market traders forced the shots after customers ignore coronavirus to meter rule and we have here at the billingsgate fish market in london one of the oldest fish markets is the world steve moynihan is shutting down for the 1st time in 28 years and why does he say well because customers are failing to follow guidelines about how close they should stand to one another he said quote . some people are closing because their suppliers are drying up that's the last mile problem but people like myself didn't feel there was enough being done to reduce this much risk it's possible for myself my staff and the public so people were not honoring those last 2 meters between you and the goods. they're going to start paying people more and that's that's that's it you have to get rid of the bankers and to start paying people the a rate that is commensurate with the supply of money in the system and then it's all that happens until those to make will bring in between what's being paid to

people based on the money supply then you're going to have food shortages and you're going to have my team problems that are going to have a lot of social unrest and so you get rid of the central bankers and their propensity to steal jamie diamond i think if you still working you still have a problem. well may got to take a break and when we come back we won't be talking about jamie diamond stay right there. but i'm going to teach you must. was sentenced to death. charged with capital murder even though he didn't have the gun didn't pull the trigger didn't intend to kill anybody imagine living in your bathroom the week. of the $23.00. that i.

have. within 4 gray walls. to leave this room. in this community there are people who believe that it's ok. it's really hard there are no jobs and you see that i've got kids. and as a parent. i can come up with. there's a lot of conflict in the game between the most of it i would say. overhauls around money and most of them money is made. close one on each of those he knows each other is good business the state of california alone makes $6000000000.00 a year of prison complex just to get some point in your life where. you don't care

and want to buy cares about your so you don't care about anything. the world is driven by shaped by those great. snow dares thinks. we dare to ask.

welcome back to the kaiser report imax keyser time now to go to vlad kostin host of cooling take over pod cast welcome to the show of last. year really an honor how many people can claim that they have been on kaiser report no very few when you consider the total world population blat. i want to talk about cypherpunks for a 2nd and you say that cypherpunks did 90 percent of the toshiba's work so 1st of all just kind of tell the audience what a cypherpunk is and then. exactly what work did they do versus toshi suck on a fellow and some of the blanks that he can decipher are the people who identify the cyberpunk who do you know cipher stuff with cryptography and in the ninety's they would meet and develop all sorts of the publication now to maximize

their privacy and you have cyber monday. published in 1902 i think and you also have. the book by which is called the cyber not because so if you want to understand what they are about then you should check our documents and you don't have to read the whole site we're nomic on you just have to read the 1st page and that's the bait between comply to the territory and laws and greater amounts of privacy it's much more important to preserve individual freedom and human rights and privacy and everything else but the same time there were 2 camps within the cyber punk group that there was side with with much more concerned with privacy in developing stuff and i think. door right now which is a way to get more privacy on the internet or out of your connection and also the

video are kind of cyberpunk and spirit and their ideals and there was the other camp cypherpunks with was much more concerned with economics than money and they wanted to basically end that speech been jargon of the so. that they sound to you i think to them because they like the holy grail because for a long time they tried to accomplish something which is totally centralized and capable of providing an invisible freedom and they have had many experiments start with david toms the cash and i think that was in the early ninety's that went with the did you cast corporation and even top with the funding recorded by the cia and usa and they were the kind of thing going on during the internal

channels and stuff like that about the danger that did it cast can pose to the global economy and the product itself has failed because it wasn't trying to create a new group to a currency per se it was just trying to move money in a more private way. and this was much more centralized and relied on central authority after david toms experiment we have seen i don't back. passed gas and that was i think the $997.00 that was the way to grieve and. emails alan 1st so that was the 1st purpose but after that 2 helps any have upgraded the product call in 2004 and it's the reusable work that's where this whole data actually lay the foundation for but point and ideologically we think

about the goals you thought by next stop is 90 percent of what bitcoin is supposed to be but it has a different consensus system where are they going to talk about the hass and the processing cycles that occur at the time and that's what ensure the network security. design it was all about your mounted computers and process server being connected so it was the type of simple attacks with a large majority of computers joining the network one hyman overtaking the 51 percent was already and i could just destroy the system so i think the solution nakamoto has taken elements from all of these and mentions that proceed in the coin and has combined them in order to get something done so phil cypherpunk having absolute freedom well so he didn't manage to do it to provide more privacy but

there is a lot of experimentation and right now oh that's an excellent little history of it all thank you that was great glad you are a ph d. candidate and political philosophy so can you elaborate more on the political philosophy at that point you make a connection there how does its philosophy differ from our current fast system run by central banks last depends on the school of philosophy so what's your for when you talk about philosophy because if i talk to my supervisor she's going to tell me that i'm some sort of out of kid and he's going to associate me with something that is not necessarily from the school of a lot of you that he teaches. but at the same time i think that philosophically speaking because it is very much close to what the founding fathers of the united states were and visioning by that sounded far other that i actually mean thomas jefferson and james madison they were the ones who opposed the idea of having the

central bank and just once it's silver and gold are the main currency in the united states so they wanted this kind of currency that is hard is hard to get actually it takes resources to mine you cannot just and then there and they wanted people to be free to pull them import them and trade them however they want to. and that's not what alexander hamilton once and that's how we ended up with a central bank in the united states and the dollar and and you're only 20 percent for you we've got. the story but also i think economists who blame philosophy like hajek and the whole school of arts going to nomic wrong friedman to run bar. all talk about that kind of stuff and the vision of

a former model and not political that can be controlled by government and is actually in not necessarily centralized because that's kind of a computer science term but it is neutral and cannot be confiscated by the government cannot be censored and is basically something that you have been doing your thing you can print dialog with whoever you want and i used to be the state of affairs and many countries and i had to change them fortunately so sorry i started from plots of the and i think if you want to fully grasp. the economic philosophy because i know and what it's all about you have to read both economics so yes you can school but i even don't necessarily agree with people who think their bitcoin is an invention

of just going to school because they are what computers science and it's not material so you can add all of bitcoin in your hand and it must mark answers then that if you fall down the rabbit hole you're going to have to study many feel by economics and computer science or graffiti and history of money and i don't know there is so much that you discover along the way and the more you know and the more you find out of the more you're going to realize that. you're. crossing the surface and there's always more and i feel i have my. big argument with my supervisor. happy with what i know and i keep on discovering new stuff all the time and you just want to finish it so you just write something you know. well i will have to get him on the show and try to educate him right here on t.v.'s

the best solution for that now only getting but flat so is this type of work they are discussing and you're talking about they founding of the united states the philosophy behind it you know in the us a very big and separating church and state what they call in you have the potential separation of state and money which would be a quantum leap in individual sovereignty as as we say and as this what has led to all the work that you do in the area because while it's in securing coins one of the the big surge is a bit coin adoption happened after the cyprus balance of 2013 before the next wave of balance happened and that would be where and stead of the government printing money for a lot of banks they simply go into people's bank accounts and take money what should those new to big coin do in terms of securing their coins in a hardware wallet. can you kind of walk us through that 1st of all i just want to

say that security and it's very hard and you can find lots of birds in the majority who have studied computer science or the friend stuff like doc and they're not going to agree on very simple thought that they have different vision on my part i was fortunate enough to feed or talk. you know really quite nervous how to begin a bit quicker developer and one of the smartest people i know. he doesn't you know he doesn't invent the devices at all because he doesn't trust them he just builds his own because he's technically capable to just sell but for the regular person i mean i have some hardware volunteer i prefer them for the show and you have all sorts of them and i have through even them all so you have call card you have the key here you have the ledgers you have good friends and they all have tradeoffs

they have pros and cons and reason to use one or the other so if you want to find out more about her wireless look for bit quantico va pog on i tunes part of 5 you tube you're going to find it interviews with all the hardware wise men factor and they pretty much explain the trade off because they're proud of honest about it they're open don't they tell you why you should buy their product and why you should not buy it so if you want to make a well informed decision you should do that but also if you. are into security you can get a metal plate to replace your paper well as i recommend stuff like crypto theel or bill fall. it's basically a metal plate on which you write down your seat were and if you're extra paranoid you can use that there would be. no you know. just if you're in big court and

because there is always the next big threat to take into consideration ok glad thanks so much for being on kaiser report ok well that's going to do it for this edition of the kaiser report with me max kaiser a lot of thank our guests glad cost you know he's the host of the big coin takeover podcast if you want to get in touch with us on twitter it's kaiser report and i stand by oh. it's a let me. ask i wouldn't. take i'm. not trying. to show. you love to. do like to see that you don't.

want to have the kook on the scene do it in the hour now as you. may want to thank you for. being. with us tonight in $92.00. so when you hire the movie tried to use in do. one thing with your house on their own classroom. your government and our government and all the other major governments of the world

know what's going to and when it's going to. but they haven't told you and they haven't told me they haven't announced. imagine something as big as the earth. is going to cause tidal waves or earthquakes volcanoes erupt and it's going to chill. so very for a while right. my great grandfather's. nobody would care about the law or prison so you'd have wallace those should have. a terrible life between now and the. do you believe in miracles it would seem democrats do after the job i'd be surged on super tuesday for them the fear of the bernie sanders candidate see me now be contained however this is far from over taking on trump is no easy task.

a gal 6 motion causes an apartment block to co-ops in a ton east of moscow 2 people are known to have died down 6 are injured. 2 people also dead following a starving incident in song piece from police have arrested a suspect but no motive penis pushed. in other news this hour french nurses stage an online protest accusing the government of leaving them both fully ill equipped to treat coronavirus patients. with. here's what our government has.