silk road the now defunct cyber black market that sold everything from drugs to weapons but while shrem feels the full weight of the u.s. justice system crushing down on him another far more culpable money laundering machine has gotten off scot free i'm talking about multinational bank h s n c you may remember how back in two thousand and twelve a just b.c. was caught in a massive money laundering scheme for moving billions of dollars to the global financial system which pretty much ended up finding every international crime syndicate you can think of and leading to tens of thousands of murders as detailed an extensive and horrifying article by rolling stones mattei e.b. h.s.b.c. launder money for all qaeda mexican drug cartels and pariah regimes such as north korea long other groups that have just a few issues with getting the bank loans so surely based on the jail time that charlie shrem is now facing hundreds of h.s.b.c. executives receive criminal charges right now that would be a little too just for the american justice system and in fact not one a just b c employee was charged wit

i think the enticement is also weak because from what i read what they're alleging is that charlie shrem provided points to someone else who was a money market maker on so crowed who was providing points the users of silk road to using some of them to buy drugs so it's like kind of three degrees and really the main accusation is that he didn't follow the correct suspicious activity reports on the other party who was doing the suspicious activity not himself so without a doubt there's some heavy handed prosecution you know it's funny because this is the first time someone was led away in handcuffs york since two thousand and eight that for anyone else you know those people who really friend of solomon brothers was frogmarched out of the the office you know going back to the liar's poker days but embracer out of time well i have to have you back again soon thanks so much for being on the kaiser report thank you so much for having me all right that's going to do it for this edition of the kaiser report with me max kaiser stays here i think our guest. if you'd like to get in touch tweet us a

when you compare to some of these bigger banks that are caught by the alleged infractions of charlie shrem involve money laundering with the amounts in the million dollar range. compared with h.s.b.c. that got busted for a multi-billion dollar money laundering one hundred fifty billion walkover four hundred billion or so but they they just paid the fine arts deferred prosecution they did say well we will get around the prosecution some day so here are regulators in seems awfully aggressive in this space and we're going to see more of this type of thing where they've clearly they've day there is a two tier system and they're attacking charlie from here well i think the enticement is also weak because from what i. read what they're alleging is that charlie shrem provided bitcoins to someone else who was a money markets maker on so crowed who was providing bitcoins the users of silk road to using some of them to buy drugs so it's like kind of three degrees and really the main accusation is that he didn't follow the correct suspicious activity reports on the other party who is doing the suspic

the darker side of that they're just a currency the vice chairman of the big corn foundation charlie shrem was arrested in the us earlier this week. has been charged with trying to launder a million dollars worth of bitcoins is in there and from this outlawed website silk road if found guilty that's when the four year old faces more than a decade behind bars from is out some bail remains under house arrest financial analyst mark thorson things that actual legal issues have very little to do with his case. the u.s. dollar is actually the major facilitator of illegal transactions of drugs and human trafficking all sorts of nasty business is most of the trade is done with the u.s. dollar not bitcoin bitcoin is a small player as a small percentage of its transactions are illegal that's true but the majority are for legal goods whereas the u.s. dollar is the primary player in international trade in illicit items but this was a political event not a legal or judicial event this arrest it was a political event meant to intimidate people in the big coin space and it was a perfectly foreseeable eve

international young american entrepreneur and bitcoin millionaire charlie shrem was a rare. in the us this week the c.e.o. of the digital currency exchange bit instant is accused of laundering more than a million dollars worth of betweens through the controversial website silk road known to be used by drug traffickers the twenty four year old was also accused of not putting necessary regulations in place to keep criminal activity out of the financial system if found guilty he faces more than a decade behind bars he's now under house arrest after being released on bail financial analyst mark sorenson believes the arrest was aimed at setting a political president not a legal one the u.s. dollar is actually the major facilitator of the illegal transactions of drugs and human trafficking all sorts of nasty businesses most of the trade is done with the u.s. dollar not bitcoin big point is a small player it is a small percentage of its transactions are illegal that's true but the majority are for legal goods whereas the u.s. dollar is the primary player in international trade in i

entrepreneur and a bit coin millionaire charlie shrem was arrested in the u.s. this week he has been charged with the laundering of more than a million dollars worth of the cyber currency through the online market silk road a site closed for selling drugs twenty four year old is well known as one of the bitcoins biggest promoters and if found guilty he now faces more than a decade behind bars sram is currently out on bail but remains under house arrest financial analyst mark thornton thinks that actual legal issues have very little to do with his case. the u.s. dollar is actually the major facilitator of the illegal transactions of drugs and human trafficking all sorts of nasty business is most of that trade is done with the u.s. dollar not bitcoin bitcoin is a small player it is a small percentage of its transactions are illegal that's true but the majority are for legal goods whereas the u.s. dollar is the primary player in international trade in illicit items but this was a political event not a legal or judicial event this arrest it was a political event mea

the water and it's taking out stuff out of the water what's problematic is the farming of salmon in shrem and other carnivores so flesh eating fish and invertebrates that's actually relying to a large extent on taking fish out of the ocean and then feeding them to farm fish so that's not exactly putting the pressure on the oceans it may increase pressure so it depends on the type of fish from it can be helpful or harmful just as fishing itself there's this types of fishing that are sustainable and then there's types of fishing that are hugely unsustainable are there any particular tipping points that we should be looking for. well you know i live in a region where there was in the norm is sudden collapse of the major piers thoughts about twenty years ago called collapse a new form lent which put thirty thousand people out of work overnight and that was a tipping point because it happened very rapidly and it was irreversible twenty years later that stock still hasn't recovered so we know that for individual stocks when we when we deplete them too far we may bring them to the point of no re

turn a profit of thirteen point five billion that year alone so they've turned out ok yet charlie shrem c.e.o. of big instant was arrested by federal authorities last week for allegedly laundering more than one million dollars worth of bitcoin and today he's sitting in jail story so why the boss discrepancies when it comes to those accused of money laundering to put it simply money now the d.o.j. pretty much said listen it's just b.c. it's just too big to jail and during the h.s.b.c. settlement announcement attorney assistant attorney general rather lanny breuer he said this now quote how the u.s. authorities decided to press criminal charges h.s.b.c. would almost certainly have lost its banking license in the u.s. and the entire banking system would have been destabilized however destabilizing the fastest growing unregulated crypto currency in the world now that sounded like a good plan for the justice department they were all game for that now kathy reason wittes recently published an article on this very subject in which she wrote quote money laundering is simply the process of conce