Youre the stand. That i dont know if the brothers you know look out for the kids and. Only a little bit of a minute and then you can keep an. Eye you lose all that and. Living. A lot of them. Get this whole full plate choice were gone the i knew you have them and hey i think tom in theory has said. This she ought to have a. Model for the women africa will fuck around with mr hate for jim and then oil for hope that our freddie macor. The money. Zia says harlan kentucky. Hold on this move the poison you get rich very funny using. A co money city with almost no coal mines left. The jobs are gone all the pay rises said thats. Love to see these people the survivors of a world disappearing before their eyes. I remember thinking when i was younger that if anything ever happened to the coal mines here and that it would become a ghost town but i never thought in the million years i would see that and its how its happened. And the know how no one who. Wont. Let is going to let it come. Welcome back to the kaiser report max kaiser time now to go to a special guest investor and c. E. O. Of and founder of ogu. Miah. Billion of it my own welcome good to be here previously you were the chief innovation officer g. E. Digital so youve got experience in lets call it the fortune five hundred you know the big most highly complex companies in america and you bring to them your work in Artificial Intelligence and you are now deeply immersed in blocks shame is tough correct that is correct how does block shame factor into what youre doing now and were investor in watching companies and ai companies and Cybersecurity Companies were absolutely fascinated with the empowerment that watching can bring to you how were going to out of power because it decentralizes a lot of the Business Models that exist today and allows you to have a bank on your phone versus a bank account so decentralization in this instance though is also just intermediation that means that a lot of the layers of a big or enterprise are squashed Housing Associations are made more rapidly and more effectively i would imagine absolutely youre absolutely correct a lot of Business Models that you just pointed out are going to be disrupted very fast because suddenly people can trade between themselves without ever needing a middleman theres a question for big corporations or any corporation typically they make money out of solving inefficiencies you know for example the car from henry ford was officially produced and people can get around a lot faster and the economy grew as a result but are we at a stage in capitalism where the efficiencies of these Big Companies is so great that the margins for profit are squeezed down to zero for example if youre in a micro transaction business and you are looking at profits that are even smaller than a Grocery Store and Grocery Stores are only two percent Profit Margins or gross Profit Margins but youre talking about even less than two percent how does a translate into Earnings Growth and how does that then become weve hit peak earnings ill just point. Raise right now due to the hyper efficiency of block change not just hyper efficiency block change hasnt reached the scalability lets be clear ok it hasnt and i actually. Am challenging a lot of folks out there to say that block chain is scalable it depends where youre at the fence what kind of legacy system you have depends what youre trying to do depends what your customers are trying to do so at the moment some of the platforms out there that are achieving some scale ability will need to be integrated into legacy systems and do youre right that a lot of the Big Companies are squeezed out and a lot of the companies are going to be squeezed out not only on a profit side but on the transparency side not just block change but many other technologies that emerging tech Machine Learning satellite data Cyber Security a. R. V. Are robotics blocked change our whole forcing transparency on to any platform that exists out there so if you dont start innovating yourself very fast youre probably going to lose out you say it has to be integrated into legacy systems y. And others these are new systems theyre replacing existing systems like p. D. P. Music file sharing on the web it didnt have to integrate with thats a long playing records or cassette tapes in a blitter rated that model i love that analogy thats an amazing analogy and i think youre absolutely right some industries are not going to need integration into legacy systems because they will just need to leapfrog as you just pointed out in music why do we need to go back and integrate and certain things unfortunately some industries in the world that not run that way and they are run in the way that current systems work so why change them also have to remember that a lot of these Companies Run by quarterly numbers and they report to wall street and so space for innovation is very tight and so in order to mobilize your whole team to innovate in something new and see if its worth investing your time right because remember so many innovations are coming at companies and how do you choose as a leader of a Large Company is there. Difficult for you to achieve the cost of music on a string its digital yet that is obviously a candidate for block change innovation now youre saying ok some industries lets call the cement industry or theyre mixing rocks of couples and water and its hard to imagine how block chain is going to transform the concrete business youve got to move it in a mixer youve got a port on the road and youve got to make a road basically so is it going to bifurcate the industry theyll be some industries that are legacy but not legacy like theyre ever going to catch up with blocks and then theyre dead theyre kind of like the dinosaurs and were moving into people are going to instead of thinking oh concrete needs to be blocked chains are going to be thinking like water and just use my mind to use a block same to communicate with somebody in africa using sauces tokens better need to go there at all im just like flying in outer space and George Jetson you know you work with Artificial Intelligence i mean all you go to is some tokenized robotic were or were you know my my thoughts are monetized ok can i want to opt for sunday in the in the kalahari and then there was some woman whos making hay what is going on so i think i think youre right this industries will need to be separated in two ways there are some basic core of an industry that wont change but if you look at the example of the cement industry absolutely the Payment System and the supply chain will be probably not just by block change how does this if i want my consciousness expanded to the point where i dont care about jeff bezos now like if what what whats clapping are you going to. Essentially hypnotize me into thinking that i dont care any more are you going to. Be going to do the worst power number on the door and yes our what sort of yes the guy from from from from greek mythology you know not for the measuring blade because the matrix may give you an idea why didnt i do you say you want the red pill but the blue pill you would have to steak i know this steak is fake but im eating it anyway. Youre trying now in our own. Its the way to go here the background is amazing in terms of your ability to synthesize all this information and come up with your own theories but it just seems like if i look at the world today i see what humans are doing to the places they live their ecosystem you know i remember had an ant farm as a kid and if you know the answer ventilate a foul their own environment and they die off unless its so i mean it seems like humans are doing their best to make the earth in in the hospitable for themselves inhabitable not comparable to that isnt that kind of happening and is a ready to abandon humans and i think again does are some of the really far off questions right because we dont know that yet i do think that there are a number of people out there who are trying to use technology for its good i mean look at the centralization and walked right theres a whole spectrum of law change right now thats being developed for social good for Financial Inclusion and for bringing more people out there onto the economic platform so i do think people come with good intentions but i do see absolutely exponential growth of technology and our inability to keep up with that exponential growth so unless we have a conscious design into our system no technology will solve our problems will still have to have a will power and we still have to have a conscious decision to solve a problem president nixon about the rate of evolution of the well you know selection of the fittest they need tensions that are involved in this like in the Technology Space going a lot more rapid pace like theyre out evolving us you know were pretty slow procreation for humans is relatively healthy compared to your algorithms you know the mating with each other and giving birth to new algorithms new machines you know and so it seems like theyre racing ahead kind of in a break next speed what do we as humans have to fight back im in the camp of ai is going to win this thing its going to happen a lot sooner than he wants expecting how do we fight back my give me the how do we fight right now i need to get. So now you start to maximize a civilization then just what do you do when how do we fight back not every fight about us i think you need to go to block chain boot camp learn how to block tina works and start fighting back how because of that i have some rudimentary knowledge of this one what exactly would that mean i can live with jamison locked in the North Carolina hut with guns and prepare for the mock ups and start going down my neighbors yeah i again i think here are taking it to extreme were not there yet and i havent really thought about you know next fifty yards and. Not only that i dont trust you because youre looking at me with these brown eyes youre like dont worry were not there yet but you know that were there were on the stress shoulder of the extinction event for humans and machines essentially are taking over. So i think we every single one of us as i said carries a conscious decision to influence the technology you know our ability to the fullest by the Technology Already our conscious minds are outsourcing our information to google no one bothers to memorize anything anymore no bonus to think anymore if your members use kinds of very true in the case of our needs our wants and our desires and our titillation thats all i dont have a button and theres no effort anymore distill the physical calorie of humans as it is becoming a blob stay we have no reason even to get up in the morning anymore the machines have taken over what were my going to have i think i think one of the things that i would point out is the pens and the place in the world youre n. A lot of places in the world that actually need to get up and need to do the work i think we belong in a bucket list lucky some would say lucky some call unlucky rain and other places in the world theyre still very far off from what you and i are talking about so i think the world is becoming very separated so geographically this is a case like that for a second in areas of the world that have been separated by physical distance it just to get water would require a trip. Well into the river to ours and youre saying that this ai enabled world means that the same compression of time that we enjoy in the. Advanced economies kind of is coming to economies that have been not participating absolutely in a way especially with a chill less than a being in place so is that accurate and what does that mean for these for these areas of the world exactly i think its absolutely accurate the world is becoming quite a pretty folks say that the world is becoming more interconnected it is becoming more interconnected and its easy for us to disseminate information and to block change possibly even trade value right in a fast way but youre absolutely correct some of these places in the world its going to take much longer to catch up but that you know i could argue back this is a happy ending im going to stop all of that answer this is a happy ending some other words the consciousness its a word you brought up a few times that exists in places that are cut off its now able to be shared because of the tokenization i mean so folks are being from extraordinarily rich cultures you have d. N. A. That goes back to time and ive been associated with some of the greatest artifacts and cultural and in art that is now being joined up. Through the platform so my consciousness is being raised by being connected tokenization to somebody else somewhere else right thats right its just thats not you know you see. So you see like a tapestry of consciousness to me how are men i see absolutely empowerment of you here and a person somewhere in africa that can trade something of value without a middle person and the thing about you could have thought it could be the thought of tokenized yeah and then were going back and forth on a micro transaction thats right right and so were creating procreating in Digital Space and were giving birth to digital offspring through the exchange of like you called digital seaman on yes. If you want to actually. If you want to chat if you want to say that. I dont like it but im using a metaphor of course yes youre but i hope so. You dont challenge my metaphor its the do you my no comment so youre an investor and founder of a group which. Could mean a number different than what it or distance orpheus actually stands for are yes yes but anywhere you can roam and mentality even if its there are fears it was a. Guide a significant figure that that could charm people and sway people there his way through music and crown the music right yes i feel totally charmed and our know what this company does for your m m im going to follow this woman whatever shes doing im following her thats it i just just a future well we got to go thank you bring on thank you so much it was good to me and all right well thats going to do it for this edition of the kaiser report with me max keiser and Stacy Herbert thanks to our very special guest. Who you know bitch if you want to catch us on twitter its kaiser report its like time buy oh. Yes it was but we can watch for you. Yes we will but also. Believe well do its was mostly were going to we will soon will but you know what the stuff in the bushes i saw. You moved you to go you know who was scotts move to the new coach to leave you know you feel you feel the reason you took stage. You will know that you know. Of course if you do the armor issue you can you get other corners of the mob us navy getting us all yelling my son the president of us they. Hate everybody im stephen bob. Taft hollywood guy youll suspect every proud american first of all im just george bush and r. V. s to suggest this is my buddy max famous financial guru well hes a little bit different. Though no one knows up with all the drama happening in our country im hitting the road to have some fun meet everyday americans. More. Closely start to bridge the gap this is the Great American people. Prescribe medication is widespread on the u. S. Market and a frequent cause of death at that point in my life i just felt like everything was ashes my family was literally coming unglued i had planned. To commit some sight was all who was made antidepressants so commonly used we were doing what the doctors told us to do we were being responsible and what the real side effects. Was is generally all to what i did was done on a cocktail of legal drugs. Just because somethings legal doesnt mean its safe. Hundred sixty nine russian plates are cleared to compete in the winter games by the International Olympic committee although some of the countrys top medal hopefuls havent made it on to the list. Massive explosion rocked the diplomatic district of the Afghan Capital killing at least ninety five people and injuring one hundred sixty. The u. K. Confirms will be visiting the country this year already planning to greet the present and future protests. For joining as they say. This is international. The International Olympic committee has announced that one hundred sixty nine russian athletes will be invited to take part in the upcoming winter games in south korea but the organization didnt publish the names of the athletes cleared the number did much the team size announced by russia earlier this week and its thought that some of the countrys top medal hopefuls will have to remain at. The office of the day with my. Answer to the qualification of a biocide surely my belly is going to just to get to the. Yes that was the highlight accommodating you know for me i wont be here again for all the time passion of the past one. Was yes absolutely that a lot i didnt get i am glad its yeah with me just the way us which was just kept that at that flat i think before me that is that was not going to ask us to buy and i think. I thought through leaving everything behind and returning home it was my dream to compete in the olympics and i was working towards the go through hundreds and thousands of difficulties through sweat and blood. Of a sort of surface rust. Mostly of the idea. Before you say would you suppose that thats when the president should. We should be sure to do. Is restore. The truth which took them over. To russia was banned from participating in the winter games almost two months ago of allegations of state sponsored doping but cleaner place are being given a chance to compete as neutrals on the those with no past doping violations are allowed to take part will have to also undergo additional tests the i. O. C. Says that the final decision is based on an indepth individual review the paternity has been taking a look at the criteria weeks after russia had come to terms with no team russia in korea anyone with even the slightest interest in sport and this country was baffled dozens of clean washing star athletes never got their olympic invitations those whod never been under any suspicion by the sporting federations or even the i. O. C. When they had everyone with a russian passport under the microscope forget about your dream end of story no explanation that could have been the case but the International Olympic committee then let us know the seventeen criteria they used if you dont match at least one or rather if theres even doubt about at least one of them youre out. That could be suspicion that could even be an ongoing procedure that could be many factors which did not lead to the satisfaction of the panel the purpose is to invite clean russian athletes for which this panel was certain and has not the slightest doubt or suspicion again seventeen boxes to be ticked to get the all clear theres all kinds of things on the list from the infamous scratches on sample bottles to that obscure final segment additional confidential information provided by wada even one of those gets you a red light but the criteria set by the i. O. C. Itself might well race suspicion not only in russia take the first two which essentially unite all the rest by the way being sanctioned by the i. O. C. Investigators or any antidoping rule violation in the past the latest group of russian athletes who found out theyre not go and were never involved in any of that another box to take issues revealed by the moscow antidoping lab database well its the whistleblower and his team who used to be in charge of it. It was created by the deputy of grigori which includes and had several levels of access until the summer of twenty sixteen it was possible to change any of the data there the World Antidoping Agency coincide with this back in twenty thirteen it cannot serve as evidence ive mentioned scratches and marks on sample bottles arguably the most solid proof that however was never shown to the public just like the visual results of the bottle flaw experiments back to the waters mysterious Additional Data that amounts to intelligence extracted from its Whistleblower Program and other sources many people in russia would like to know who these sources are and why they should be trusted one more segment additional intelligence provided by the International Winter federations ill tell you what the association that unites these Federation Said the i. O. C. Our request to clarify whats going on some federation official seem to have been racking their brains while the president of the International Biathlon union was particularly outspoken it is very sad if there is no direct proof of guilt the i. B. U. Tested human numerous occasions and never tested positive for a banned substance so apparently its all down to the criteria of choosing the right criteria russians who can vote in the games will have to follow strict rules codes of the latest guidelines they must not participate in any events associated with russias National Symbols which is the flag or National Anthem the same goes for social media with the posting of official symbols have been person athletes are also prohibited from participating in alternative victory ceremonies including any organized by the russian Olympic Committee russian competitors can though display the National Flag in the bedrooms. The president of the russian crosscountry ski federation announced the finalists to her team while training in austria and she expressed her for frustration over the i. O. C. Decision. Present but before i was encouraging everyone to go to the games and stand your ground now i can see the same because they have Major Concerns over how cynically the russian athletics have been treated some panel decides who will be invited and who will be not even if that person did not take part in the such a games and was not mentioned in any reports and this is not just our team im talking about maybe now is the time for you to perform stronger than ever before hold it has high and prove that the way we have been punished is unfair and cynical and against the spirit of sport. Yukos or else donald trump will be visiting britain in the second half of the year despite activists phone to stage a huge protests when he arrives the president seems unfazed i think a lot of the people in your country like what i stand for they respect what i say and those who voted for tough border are going to come to that number of those who dont what do you say to them i dont care i dont care its just one of those things i dont i dont see anything in or because i dont care trumps visit had originally been planned for next month so we could officially open the new us embassy in london but the president canceled the trip claiming he wasnt happy about the embassies move its our leap in looking at how the u. K. And us failed to find Common Ground in twenty seventeen. The u. K. Prime minister to reason may has invited u. S. President donald trump to visit the United Kingdom later this year it comes as the two leaders met at the World Economic forum in davos and also comes amid rumors of a breakdown in the relationship between the two countries the feeling is mutual. Like you a lot closer with a. False rumor i just want to correct the record straight for getting into. Whether or not what is real is that twenty seventeen saw a real strain in the socalled special relationship on the. Injuries. Was the only. Reason made dont focus on me focus on the destructive radical islamic terrorism that is taking place within the United Kingdom were doing just fine and perhaps a change of heart by President Trump in order to repair that relationship hes indicated that hes willing to apologize for retreating britain first if youre telling me that to harpy people horrible racist people i would certainly apologize if youd like me to do that i know nothing about them previous announcement of a potential visit by trump has provoked a backlash amongst british politicians i would not wish to issue. A way to speak in the royal gallery. Previous report suggests that mr trump himself postponed a potential visit to the u. K. Because he didnt want to be greeted by huge protests and attitudes