but one thing i want to say is we spent this past weekend in virtual reality at the magical crypto conference and it was quite amazing life for me because i spent quite a long time in there as my avatar what i realized is that i could roll out of bed and speak in front of a huge audience and it was no problem on my hair was perfect i felt you know present a ball and then i realized that i think with this whole virtual reality what you'll see is that humans will we go feral essentially you don't need to brush your teeth your breath smells fine and virtual reality your hair looks great you know your clothes look fantastic you don't need to buy anything new you can stay in the same pajamas year after year but the structures the save civilization itself like the actual real estate that holds together most of our western economies and all of the derivatives based on those commercial backed securities mortgage backed securities all that stuff all of that will crumble because you don't need you just need one

little area like this and to live in virtual reality oh right so you're talking about 2 things there the crumbling of our reality our infrastructure and. castles that were important in our in the history of western civilization like we have a buckingham palace and also the collapse of the ego as it were the conscious mind because we have a super conscious mind now called virtual reality so things that we used to be in the subconscious mind are not going to be in our conscious mind which will be the new subconscious mind like will have this subconscious life that we used to call reality but astound unseen by anyone outside the bar immediate location which is never viewed outside of our media itself so you have these 2 things collapsing go coterminous as i believe you could say the physical infrastructure and the mental infrastructure are collapsing simon. seriously there we are

simultaneously giving birth to a virtual reality is becoming pervasive and interactive and quite. meaningful and driving the economy well i was a cartoon avatar 1 you can see it on the screen right now and then here is max he was that at the same conference speaking on stage you only spent that half hour on stage with leno but i spent hours there and walking around the environment and finding my way around rooms and even though it's a cartoon obviously i felt part of that and then when i was interviewing dr adam back i felt like in myself like i was sitting with him and talking to him so even at that rudimentary virtual reality level i felt that so what's it going to be like when it gets way more advanced when we have more of a mash 5 g. network around the world that could basically secure you know and produce deeper realities and i think the point being that you're making there is that you had that

sense of intimacy that you have in a physical space you had it in a digital space so i guess that's was the unexpected in that. kind of like you're thinking now that the you could see this really taking off and this whole sense of fear kind of disappears because i was in the middle of a conversation with the nurse who actually and my avatar took off and just started flying away and it went over the virtual ocean and at 1st i was like i was scared i was like wow like what if i drop from here in like a way over the ocean and it was kind of scary and i was like oh no and i was trying to hold on well like you know what and then i just relax and it's like well i wonder where i'm going to end up and i did go through the edge of this virtual universe and then like weird diagonal and rectangular shapes and then total gray that's one thing that has always kept people from achieving is the sense of fear yes. and so in this reality what you're describing is you drop

a lot of the fear and so replacing fear is always faith and with faith comes great change where i didn't have fear because i could hit reset so i could reset and come back as a different avatar if i failed on stage like i've died on stage like and metaphorically . but that brings me to this real world that we inhabit where some people do get to hit reset some people have no fear because they can't lose they get a special reset button and we see it you know the exorbitant privileges given to us a few people within our economy and our financial iced economy and we're going to look at the layers of exorbitant privileges commercial real estate fallout even douses the queen of england office workers are again told to work from home retailers don't pay rent u.k. commercial property owners think deeper into the mire crown estates which manages

the queen of england's portfolio recently wrote down the value of 17 shopping in leisure centers by 17 percent cutting her majesty's net worth by $552000000.00 pounds as the economist points out this is fairly small beer set against the $13400000000.00 valuation of the queen's property portfolio which includes some of london's tony asked real estate and the thing is that apparently according to the 2011 sovereign grant act the overall amount that the queen is given each year an order to fund her official duties is never allowed to fall regardless of what is happening in the broader economy so her you know property portfolio is mostly given to the state she gets 25 percent of it unless it all crashes then the taxpayer like she no matter what her income doesn't go down and she has this you know fictional property portfolio that is theoretically. there that is like kind of

pretends that she exists as you know a property speculator and doing well but she'd cafe al the rest of the economy and he any landlords that are not royal well they're about to get royally you know messed up left to me at my desk at the queen saying boy does anyone have a taste of marmite wow that's tough fall you know burnt the hair off and off a corgi right there and buckingham palace don't get anywhere near that stuff well it's basically like hitting the reset. reset. all my goodness the queen's put you know i so we've learned in the united states and around the world central bankers starting with alan greenspan the greenspan put bernanke you janet yellen jay powell what does that mean i mean whenever the stock market goes down the central banks bail everybody out and so there's no risk there's risk of owning

stocks is near 0 for a certain class of folks and same thing with the queen except she's tied into property so they created the similar situation in the great britain for the queen as the queen put so she can't lose if she the value the property drops she's reimbursed if it goes up she keeps the proceeds as far as whether she owns it or doesn't own it it's the structure is. similar to what we would find in any offshore type of arrangement where wealth is kept at arm's length and that the folks who control it have a way to say they don't control and that's very well stablished of britain is probably the world's center for that it's also like in the united states so the queen is the exception to the rule in a non reserve currency country so she gets bailed out her portfolio. no matter what she herself and her family get an income even if their estate their property portfolio does not achieve that and the us what we have is the. center you know

that is the money printer bank only the fed can genuinely print money remember i predicted recently that the fed will start sending money to these brits now who are going to have to work from home because of the you know the bank of england cap print money like we can and the same thing with this façade the sharod of you know these you know captains of industry and these property barons and we have a lot of property barons some of the biggest billionaires and america are actually just in the property industry and clued in the president so here we have a situation where we have commercial mortgage backed securities which again they're in the you in the u.k. property portfolios the reach are being marked down by 50 percent but in the u.s. they get to stay 100 percent and transferred to the central bank's balance sheet they can't do that in the u.k. because they don't have a reserve currency so in the u.s. there is a certain class of people of royal sort of class that they get to always hit reset

like. our investment in these commercial mortgage backed securities failed reset and they get to go you know stop flying over the bubble of catastrophe and they economy and they get to reset then they're the dregs of society the 99 percent that are walking around feral that any access to this wonderful virtual reality for the most part now we have it we're going to be entering a virtual reality where they get to hit reset as well oh that sounds excellent so everyone has the ability to hit the reset button soon saying i did and i will create something go out the egalitarian ism and maritime erotic demat craddick social constructs that would be an improvement on the current constitution the bill of rights which seems to be getting kind of chipped away at by special interests so we can resume the rights of man and democratic ideals and the type of thing but you also see the hierarchy of exorbitant privilege because america has and is open to privilege of being in. well to print the dollar the u.k.

doesn't have that so they can't bail out everybody they've chosen to bail out right now commercial property tents cannot be kicked out they can't be evicted until december 31st and extended so any small you know joe bag donuts who is not royal does not belong to the aristocracy they will not be bailed out said the landlords are losing and at the moment like in the west end where all the theatre is the shaftsbury a state which is one of the biggest they are only collecting. 41 percent of rents do have been paid to them but what about the past the shops in cornwall that's the key for great britain success is a good time yesterday from cornwall well we have to take a break after a couple of passes chicken of mushroom will be back with much more don't go away.

birdsall and head. for the few of us out. of our group.

every day is that it's. just. a matter for good. as we move. the net to fish you know not just before. they are the house of. god since we. need. to meet don't hate. this kid or. any. kind of system definition in. the new shithead. welcome back to the kaiser report imax keyser time now to return to our

conversation with brian rama lee over there voice 1st dot expert and around the coin pod cast brian welcome back thank you max a pleasure to be here while you know things are getting interesting during our previous conversation i just wanted to pick it up where we left off and we're talking about individual sovereignty style sovereignty the ability to monetize effectively what's going on inside our brains to the point where instead of just being swamped with images and data and requests to do commerce from outside we then have our own sovereign self that we can monetize using something like to coin and interact with this emerging artificially intelligent digital world as you see it in a very constructive way correct absolutely max i believe that big crying and other things built on top of the block chain of the coin will allow you to monetize

yourself and the value that you create not only when you're living but as you go off is going to be immense in my view the beauty of the block chain is that it there's a permanence to it it exists away beyond any particular route so it's very possible that things that you created. like 1 the song happy birthday for example that song was paying generations of people even though that song originally was stolen for you know at least 100 years. less than a 100 years i say the things that somebody publishes whether it's a a a a novel were whether it's factual information or whether or not it's just an image that you. you are part of that monetization process and you get to block chain that stuff you get to own it and your ai your artificial intelligence your intelligence

amplifier if you will your personal assistant helps mediate those types of transactions and you can do in real time you can do in and delay time so what strikes me listening to here and also thinking about decline for a 2nd so pick a lane has a network that's process saying over 100 quintillion calculations per 2nd and it's doing this by co-opting a network of people of olen you know ball tearing their c.p.u. volunteering their computer hash power and because they're trying to win that every 10 minute lottery to get some bitcoin yeah which now has a monetary value it sounds to me like what you're saying is that your brain is a node and once it's on this artificial intelligence driven network you want to get to you will get rewarded in some way by simply attaching your prey to the network and then what based on what you're saying the ai which you're having this interaction with through voice knows the boundary between who you are and who the

network is right so talk about eisley that membrane if you will that digital member aim that separates max kaiser from the network is it porous is it a hard membrane am i going to lose myself in the network to my individuality become collectivized it and i still may brian what are you doing to me what's happening max it's a wonderful question so that's why i'm i'm really an advocate of hyper local and i are local computing means that we're going to have petabytes of data if you were to put a camera on your shoulder and record everything you've heard seen everything you've interacted with you'd be well below a petabyte of data now today a petabyte of data costs tremendous amount of money let's call it $100000.00 moore's law and something i. in researching and others have but is now finally getting picked back up is a holographic crystal memory literally a crystal can hold

a few petabytes of data meaning all of the context you her had in your entire life on a small crystal which can't be emptied it literally would have to be crushed to be taken away that is never on the internet it doesn't connect to the internet directly the hyper local concept is if you need to connect to the internet you create an agent that agent goes out specifically does something for you and comes back with that information or places information out there so there's a lock there's a door and only information gets slid under the door this makes an imperfect test to hacking and it gives you agency over your information and the camp your witness against you for a lot of biometric reasons a lot of people have us and they say oh my god it's everything i've ever done while there is biometric always to make sure that it doesn't bear witness against you so you will have your sovereignty you'll have your individual ality and you'll have the ability to monetize yourself in a way that we've never seen before in society and it's not utopian it's just anti

dystopia a lot of people predict a future of this you know merging with the machine in the one mess and we're going all the computers and i pretty much say that you know if you look back in time during the industrial revolution everybody always had this topi and vision and i don't believe that humans ever wind up going in that direction the last time radical government forces make that happen and i think ultimately will come those to radical forces so this is an individual liberation it's about control of who you are and getting for the 1st time in history adequately caught compensated for the value that you wind up creating if you choose to create the sum total of this data is held in a crystal ball data. entities so i would imagine therefore the the gateway between the 2 realms would being using of course encryption the same

way that we use encryption to protect our private lives in the big space so they're having cramps and i guess you get your comment on this something that comes up often as well quantum computers are going to hack and corruption and that's a risk to bitcoin what's your take on that actually quantum computers will hack all forms of encryption that's a guarantee so at some future point in time whatever we're secrets will no longer be secrets that's a fact but that is not necessarily make it quite irrelevant what it does is it makes prior a block change transaction to try or government secrets well known so there are things that are that were put out and. say put out into the world that are going to be doing cryptic trivia caught on computing and that may happen sooner than most people think but it doesn't break because because big crime would become in pervious by utilizing. what's called quantum resistance let's call it quantum 8 it blocks change and that's a relatively easy thing or has

a number of researchers ever really come up with rather robust solutions for that so that's not the end of the world i think on the other side in the world is when we start mining asteroids what is going to happen it's already starting to happen it in the spirit and the period of next few months we're going to take the very 1st sample off an asteroid and come back to earth and so that's going to be publicly the 1st time we've actually mind an asteroid and we've been able to analyze the contents and that's here cyrus mission and that's going to be an interesting point in time because it changes what we called precious and it changes what we call and that's another street we can go down but. all of this is interrelated because each of the only energy that's really created in the world this is human creativity and intelligence. and the control of that has always been throughout history the things that wars have been fought over we think it's natural resources but those natural

resources are irrelevant unless we have to create an ambition and intelligence to do something with this kind of you know what you take you take silvering is what do you do you make jewelry out of it doesn't become anything but they could be a photographic plate in one of these polaroid cameras at one time right so. that's what a lot of economists want of bailing out is if this look at be the rarity of something but not the human ingenuity and the ai systems that we're talking about and quantum computers are emerging at such a way where i believe individual human creativity will finally have its highest value and then the economy people listen to this with start to think oh this sounds pretty. you know futuristic but in fact this is all part of what's happening in real time today so let me ask you this why and you can kind of a break it down why this is happening all around us today why does siri sock

compared to alexa and there's a lot of reasons apple lost its ambition the very last thing that steve jobs did. as far as his acquisition was a choir siri and he said that is the next in the next mountain for apple to climb and this could be more important than touch screens icons and mice ever will be so steve's vision was ultimately create this ai agent and apple let that die in the brian amazon it was built by a merchant and jeff bezos is much more aggressive in understanding how these agents and that's that's like a text editor compared to a full color con were. when we're not even at the beginning stages of the agent era that we're talking about it doesn't require a new technology to be invented it requires companies to destruct themselves so if you are in the business of say m is on selling goods or google selling somebody is

context and information the world that i'm talking about doesn't look so pleasant because it's quite disruptive it's to shop there because you have 100 percent agency and control over your contents and context and that becomes a problem and like all technology disruption it's only come out bigger. roger going to be groups of people building this stuff for their own gain and for their own entertainment like steve was an act then steve jobs the immigrants and ultimately it will start taking its place but the old age is already over nobody's downloading out as much anymore we've reached peak app so that economy is sort of done and we're starting to see this new age rise it's going to a quite quite a bit of a cold winter right now when it comes to. go in and amazon devices but i see that coming back surely because they've reached the edge of that paradigm the idea of downloading it into a voice a system is ridiculous i call these things neurons and again it sounds more out

there but basically a new voice assistant is going to attain new capabilities from a programmer like we do when we learn something know it's going to be similar to that out how you educate a child for example you can educate an intelligence amplifier and be with you for your life it will be inseparable and that could be scary but i think if you have control over it it's probably going to be like wearing glasses or have a good hearing aid or anything else you become more powerful by having let's talk about intelligent life for the rest of the universe right and i bring this up because the u.s. department of defense revealed that they had discovered vehicles made of material not of this earth. bizarrely no media really followed up on this i don't know if you're been following up on this it sounds pretty wild what what do you what can you tell us about this if anything brian and i know some people that are sort of

involved in this i know it's on the long. lank $102.00 we've met a few times and interact. he has to the stars academy and they are dealing with let's call them alloys and other types of things that's being disclosed. that it does far look like it has not been made on this planet and it was not made of a natural process in space so we're at this point and some of us to do with encryption back so we're talking about quantum computing and things like that some secrets are going to be x. disclosed no matter what this may be one of them now what's a speculate for a moment let's just actually late that we did discover that there are other forms of intelligence within with technologies that are not a 1000 years but a 1000000 or 2000000 years more advanced moment and look like what would it mean to

our society how did it change our society i think that's that's probably the biggest question a lot of us go to the alien side of this and say well what aliens really mean you know what is accurate to mean to society but that's really not the question how do you think it's going to be asked is how has technology dropped a 1000000 years more advanced if it is discovered to like it's dropped into society what would it do. almost everything we're doing right now would make absolutely no sense that's what i'm saying it would be make absolutely no sense and almost everything everybody's doing so dats why it's a critical question at this moment ok brian rollaway thanks so much for being on the kaiser report thank you max i really appreciate it ira and that's going to do it for this edition of the kaiser report with me max kaiser and stacey arutt want to thank our guest brian romley can catch em on twitter trying to catch us yet do it until next time. in the.

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