at the same time so you have health care didn't used to cost half of a median income even a decade ago after all but now it does so what happens when in a decade or two health care costs all of median income how can an economy let alone a society function that way so in a way i'm kind of curious like our. in north carolina obamacare costs went up forty four percent and then another like thirty percent last year the projected to go up another ten or twenty percent next year so in a way i'm kind of fascinated by this gruesome experiments it's kind of you know like really gruesome experiments of the past in history that we've seen as like how how gruesome will this get like how awful like what will we do to ourselves. as they would say in france look that up and you'll be appalled but you mention medicare as well and this is the health care system in france is kind of like the medicare system here in medicare you still have insurance the government basically provides insurance however and sets rates for things like m.r.i. and x.
rays and things like that so you have to be you pretty much have to be sixty five to get on to medicare some long term disabled are also put on to medicare quite early but the headline this week from the u.s. government remember the this is a body of people going to buy trump the republicans but medicare to go broke three years earlier than expected trustees say in twenty seventeen medicare covered fifty eight point four million people eighty five percent of them seniors at a cost of seven hundred ten point two billion dollars very poor also show that medicare is total cost will grow from three point seven percent of g.d.p. in two thousand and seventeen to five point eight percent by two thousand and thirty eight so the year it's going to go bankrupt max yes twenty twenty six just when you qualify for the state run a fish and more efficient french like health. your insurance policy that's right i
thought that i had to scape the devil you know i've been trying to stay one step ahead of the devil my whole life the american collapse that everyone of but born after me unfortunately is looking to be horribly. treated by the progressively surveillance. state and gulag casino the phrase i use is go like a scene this gentleman said that there's no new name for this rich new american poverty that's being invented i coined the phrase i call it the casino gulag yes that's a new eyes seen as right so they're going to take my medicare away from a just in time so all the money i paid into it all these years is going to go up in smoke it went to the military it went to don rumsfeld or to the twenty trillion dollars that the pentagon lost under the rug somewhere they can't find it and so that's partly my money that they are using now to you know buy chateaus and so it's a lead and have a great lifestyle in europe not in the front end but whole america and finally
trump orders immediate steps to boost coal nuclear power plants as a matter of national and economic security so president donald trump last week directed energy secretary rick perry to take immediate steps to bolster struggling coal fired a nuclear power plants to keep them open calling it a matter of national economic security so we just said the basics of life and one of them of course you need energy you need heating or air conditioning or the lights on in your house and now because it costs more to provide electricity through coal or nuclear power then wind or solar or gas well now he's going to force us to take his buddy's coal provision well this is a great example of how capitalism is should and should not be played right so in capitalism is what are the losers now in this version of capitalism the winners are the legacy coal industry that are going to keep their jobs despite the fact that there is solar energy that would create millions of new jobs and transform america into a legacy away from fossil fuels but those are the losers so the innovators are losers
the new people who are going to jobs are losers the people who are now in student debt are losers the legacy of coal guys are the winners the legacy oriel guys are the winners the legacy old central bankers are the winners innovation youth dynamism the constitution the bill of rights these are the losers in this american this version of america i'm one we did for the collapse i look forward to the end of america i give it thirty six months and then we'll see something new and that's the way it works thank god. stay tuned the second half a lot more about what. a stunt is getting international recognition with the help of israel at least in the world of zoos the middle fit to commission to do it looking like a million little pieces and my compass is going up the study hall maybe you know
john does. the only palestinians who gets the most help from its jerusalem counterparts i don't think there's some of those who in the world under the oak vision didn't know who could do this. and no it is unfair advantage to have to display any of the muscle that you have and i'm going to compete in the doesn't seem to do more commitments also don't piss off. so what we've got to do is identify the threats that we have it's crazy confrontation let it be an arms race often spearing dramatic developments only really i'm going to resist i don't see how that strategy will be successful very critical time to sit down and talk. explain
a little fluffy was real my hat was my was. the end you have. a a a a. welcome back to the cars report and max keiser time out of how to toronto espec with christian science today of christian welcome to the kaiser report yaks it's an honor to be here already christian equity is described on our website as quote securities on the block chain what does that mean it's
a hot topic if you watch the news these days it's all over the place except people called them security tokens and we figured we'd given that that's a group idea let's make it you know into a real blah chain so it would be that is the proof of work bart train using the shari. i know you're familiar with and and essentially it's it's open source crypto securities protocol that allows anyone to issue or traders securities on the block right so tokens put all kinds of stuff on the block. and a lot of people question how is that really necessary to do that so in the case of black chinese well in your case in terms of disinter mediating depositories and transfer agent so there's two major companies in the space as a doowop play aqua bit is now set to disrupt this multi hundred billion dollar business correct those correct or b we are going to your building and we're
actually launched to test it on june first a peer to peer crypto securities protocol so it is something that anyone can come and use and thereby decenter mediating as you just suggested some of the centralized layers that capture fees should be on every single little transactions we do and to the extent where some of those services can now be encoded into a peer to peer protocol that's what that's what we're doing we're going to write the transfer agency bezos i know from my heirs working on wall street. how that works basically it's a back office function where pieces of paper you know securities and chairs are moved around the system and this is a very expensive way to do things and it's ripe to be distance or mediated aren't disrupted by block chain because block chain was to completely eliminate all the need for those enter mediation our intermediary steps and so they're up there in
toronto and so you've got the task that they have launched and so as a test i'm going. to you know we probably should have launched it before. now that we have some of our minor community working with us with the test net i mean there are troubleshooting and creating more. you know tools and containers and versions of the software there and then we would be able to do with with the with just like with a group you know employees so it's been it's been very very successful we're very excited about it and it's only a few days and already it's demonstrated so it's very cool so now what about the stock exchanges you know they're the ones who are the dealers dalian securities and they deal with these transfer agents and all these other back office functions so what this be a product that he would go to an exchange with like toronto stock exchange for
example would you go to them and say hey we can take off here and all this paperwork and put on the block cheney get all kinds of cost savings and time savings is that the market for this bill go i mean it is an open source forward all sorts of technology that we haven't released a code yet because we're still only she's making sure that the quality is all there but you know when the call goes out you know this is a this is a work protocol that can be used by anybody it could be a group of course the commercial and it's you will be going in and approaching other mercial. organizations to help them understand and adopt the network and some of them will some of them won't we believe that those that will will put themselves in a significant for the better the physicians so yes these existing marketplaces are there they also have to deal with all the trends for regions of the positive
reviews and and so so to the extent where a a peer to peer protocol can help reduce the transaction costs to these exchanges definitely there will be some very very interesting developments in the future regarding rights so typical a and they talk and space as carved people come to market went out and send their star equity and those tokens but we are talking about is that you're creating block chain to allow people who are actually offering equity so these are companies that want to offer equity they are going to do international public offering like ways to do back in the day before they initial coin offerings into equity offerings and so they would go to an exchange and then the solution however is a block chain so this in this case the block chain is putting an end to the ledger all of that information that's them publicly available and it's transparent and cost saving so let's say i'm taking a company public i'm doing an i.p.o.
and it kind of walk us through a little bit about i know where acrobat kind of fits in there absolutely and just to situate maybe the audience you know it could be there's a fork of decorum so everything you know about bitcoin probably applies to equip it and and we're building with t. capabilities on top of the code gets so with that said if someone is interested in issuing you know e shares for a project or dept i mean it's in the security instrument there's the various options when. and you come to the equipment block and first of all you're going to have to have every bits which is a crypto currency the block chain in another block chains i guess the parlance that's used there is utility token but it's a token that has. the end that it provides access to the services that are provided by the network so the equity bit cryptocurrency is is that for the eco bit network
and once you have these record bits you can go to do peer to peer network and issue a security so you can say i promise x.y.z. right or this is a one out of one million shares of x. y. z. companies and you can define what your issuance is that is by the way at that moment the regularly that activity high that governments want to know about and all that it's the issuance that that is regulated so so when you come into the network and you issue that is where you want to make sure that you've got you know your you understand the regulations of your or your locale or where you're located but beyond that the network itself provides and you know the interface to document the issuance store the security on to a block chain on the peer to peer network like the corner can be you know falsified
or easily you know i attacked and all the activities that follow you need to for you know to know who buys your securities you need to communicate with your shareholders you need to capture votes so there's a lot of of activities that are provided by the financial service industries beyond just you know storing the securities on paper today these these capabilities are implemented in a peer to peer fashion using peer to peer communication protocols on the arabic network so once you've issue. your security there is a marketplace on the network obviously where others can come in and purchase or tree into the security. the neuer customer and then time money laundering and all these things are facilitated the with a passport system that we have which is essentially a web of trust where if i'm about to issue securities you
have an accreditation organization and you know various investors and because of where i sure as securities from i need to comply potentially with these regulations so i will all e i will mark my securities of the block chain so they can all be purchased by people who have been said by organizations like yourself who in the maybe or wherever does the equity taishan so the issuer and choose who has the ability to a critique the who work there or the. brand serve solution very antiquated first down and that say you guys are riding the wave into this future of cryptocurrency is down let's talk about the token a southie a mansion it is a shot three unlike chateau it shot three or it has a latest generation other than max coin there are very few coins that actually you
shot three why did you decide to go with. and what are the unique difficulties at the moment in mining shot three coins like over there at aquavit and max climb the shoes of a hat the choice of the hash was was a big decision for us we have heard we have a few blog articles i believe about it go into details for people interested. in summary shari was essentially the best we could find and this was not our opinion we know looked at the competition that was done by the. national institute of science and technology i believe. and when they did their competition for coming up essentially with a successor for short two fifty six everybody knows that at some point in the future we don't know when but computing power will be such a charge to fifty six will no longer be
a secure hash you know for four full forward who are using it for today they're safe you know all those who don't want to worry about forty fifty six right now it's still a very good hash of crypto runs on it we love it but sharp three. and four for various reasons that were put to the test trained nist competition in charge three came out as leader. for example which is a hash used by there was one of the competitors to get chat which is the team that won the sorry competition so there's also a ferry i'm also has a pretty good hash but we believe shari is the best out there there are no all no no i believe basics that i'm aware of at least at this time so we have a very very healthy community of g.p.u. miners which we love it that goes with the spirit of the centralisation we're working on mining calls we're working with various various other organizations that
will provide protocols and technologies to help ensure that our networks is decentralized right so three is quantum computer resistant as the phrase if i'm in astray if you guys use it for there isn't you just outlined a max cohen is there because the idle spark smart who designed that back i player in there at inception it was really a way of his time so when he. was the launch day tell us about that when you go to the main net we don't have an exact date for me that you. that we want to ensure quality on the test that obviously before we release the main bought. into it when we say we release i mean it's essentially releasing our genesis lock which includes some of the bits that was then using to finance our operation so the may not launch will will happen once we have salivated
the security and the quality of the test net along with the community and at that moment we'll be able to release the genesis lock and start mining on the block. we suspect this should be in the next coming months so the so it's a matter of weeks and months not years but but it's in the near future for sure for a fact precious asset thanks so much for being on the kaiser part pleasure to be here our i was going to do it for this edition of the kaiser apart with a mask as our states air but i thank our gas christian saw at quite a bit up there in toronto if you like to get in touch with us that's kaiser report on twitter until next on file. or.
her. phone wanting to. dance you don't kill zone don't tell them i'm talking to the hotel they're on the phone on the last thing that any component and sometimes only calls are still small. i don't because i don't believe in the movies that did us all good in the us isn't as it does audacity of all to.
make us manufacture consent to step into public wealth. when the ruling classes project themselves. on the financial merry go round the sun be the one percent told. to ignore middle of the room sick. i mean the real news is. join me every thursday on the all excitement show and i'll be speaking to guest of the world of politics sports business i'm show business i'll see you there. when a loved one is murder it's natural to seek the death penalty for the murder i would prefer and if we know in the death penalty just because i think that's the fair
thing the right thing research shows that for every nine executions one convict is found innocent the idea that we were executing innocent people is terrifying news just know it hasn't and that we're even many a victim's families want the death penalty to be abolished the reason we have to keep the get tell here is because that's what murder victims' families want to that's going to give them peace it's going to give them justice and we come in and say. not quite enough we've been through this this isn't the way. making history with the leaders of the united states of north korea meet for the first time just months after threatening to obliterate each other's countries. with kim jong un committing to complete. exchange for security guarantees from but some
are already questioning how serious the u.s. president is about sticking to his side of the deal. or not reducing anything or not reducing very little bit early for that we have to get things moving the sanctions will remain in effect we will be stopping the war games unless and until we see the the future negotiation is not going along like it should. two days and counting the finishing touches are made ahead of the world cup in russia in part two of our world cup special manchester united manager predicts the countries to make it to the latter rounds in july. also this hour new government makes good on one of its more divisive campaign promises closing a port to a vessel carrying stricken migrants. paris the scene of a deadly terrorist attack three years ago was to stage a controversial concert by a muslim even people in the french capital.
t.v. reality h.q. in moscow where it's now seven pm tuesday welcome to world news round first of the big news out of singapore today the leaders of the u.s. and north korea who have held their head sturrock summit as a success and laid the groundwork for the potential denuclearization of the korean peninsula in exchange for kim jong un promising to give up his nuclear arsenal donald trump has committed to providing security guarantees for the regime the us president suggested afterwards that the two had formed a strong relationship and the. i intend to meet again this attorney random relations comes just months after the pact with threatening each other with all out war so i would say we have developed a very special bond. north korea best not make any more threats to the united states they will be met with fire and fury and
have mad men out there shooting rockets all over the place you will have no choice but to totally destroy north korea rocket man is a sick puppy. a frightened dog barks louder i will surely indefinitely tame the mentally deranged us doted with fire. this is tree has proven over and over again adversaries can indeed become friends both very honored to sign the document thank you. so the today we had a new story meeting you decided to leave the possible find we're very proud of what took place today it worked out for both of us far better than anybody even predicted it's an honor to be with you.
and despite the two seeming to get on well chairman kim did look a little taken aback by one of president trump's jokes. healing root for everybody so you are mason really. well donald trump wrapped up the summit in singapore with an hour long news briefing outlining his position on a number of issues the kind of open talks us through what he said and how it's led some to question whether north korea is right to trust and. they've agreed to four basic points that were in the document that was signed by the president the united
states and the leader of north korea first they agreed to a new us d.p. r. k. relationship a new relationship between the two countries secondly they agreed to a lasting stable peace and working toward to a facilitating a lasting stable peace on the korean peninsula they agreed to to a commitment to denuclearization getting rid of nuclear weapons on the korean peninsula and finally they did agree to return the bodies of p.o.w.'s missing in action the bodies of american soldiers who had died during the korean war or the bodies of american soldiers in the korean peninsula those are the four points of agreement now speaking at his press conference following the meeting did clarify some things he first of all he said that they will not be lifting the sanctions until until there is a full denuclearization of the peninsula donald trump said he look forward to lifting the sanctions but they will not be lifting the sanctions at the moment
furthermore trump said they would be stopping the war games the military exercises that north korea has often said are very threatening to them and are essentially report rehearsing for their destruction these military exercises will be stopped from said that they were very expensive and very provocative and from there we heard some more talk about what would go on on the peninsula itself this is donald trump we're not reduce are going to thing we're not reduced very little bit early for that we have to get things moving the sanctions will remain in effect we will be stopping the war games unless and until we see the the future negotiation is not going along like it should so he's saying there that the the number of troops on the korean peninsula will not be reduced at the moment now they are donald trump talks about the previous administrations and their record in dealing with north korea and how to. difficult it was to make this meeting this historic meeting
between two countries that have been basically at war with each other in a legal sense for the last sixty years how difficult it was to make this meeting happen this is donald trump talking about previous administrations and the difficulties they proceeded down a path in the past and ultimately as you know nothing got done in one case they took billions of dollars during the clinton regime to billions of dollars and nothing happened that was a terrible thing and he actually brought it up to me i don't think they've ever had the confidence frankly in a president that they have right now for getting things done and having the ability to get things done. well there's obviously a huge amount of optimism around the world in the aftermath of this is story meeting however there are different voices asking how optimistic we really should be vocal recalling that donald trump did pull the u.s. out of the historic iran joint plan of action the nuclear deal other people are wondering exactly how this denuclearization is going to take place with the
sanctions not yet being lifted with the troops remaining on the peninsula took some getting to this point those talks were first announced in march but in may kim voiced his anger over military drills between south korea and the u.s. front to call the whole thing off then nine days later trump canceled the meeting accusing him of a steady but the next day the white house and pyongyang said things were back on track by the first of june washington officially announced that the summit would go ahead after all the world's key players who will be responding to the talks china said history was made at the summit south korea also hailed it as a new way forward the e.u. foreign policy chief says the meeting showed that the denuclearization of the korean peninsula is achievable japan though said that oppression needs to be kept on the north until concrete steps towards disarmament seen echoing that chris bambery a political analyst i talked to last told us he too was rather skeptical of the