Of International Settlements guy is talking about is explicit lee pictographic lee portrayed in the money a velocity chart that weve 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 doesnt get to where its going on purpose thats 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 thats 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 its by design i dont understand i mean i understand hes trying to distance himself from what he has done well because hes hes a foxhole confession you know hes 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 dont know what happened officer i dont 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 were 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 thats his style is showing a mic culpa and saying actually im a fraud everything i did was a for odd and whatever hes doing now sweeping toilets or cleaning toilets or whatever hes doing now its 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 dont they dont circulate that we see that in the money velocity numbers and now were 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 thats what their mandate is right so here we have a situation whereby this money is sitting there idle its not working its not circulating and its making me think of what were 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 theyre getting sick and they can and then the whole Assembly Line has to be shut down or theyre 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 cant 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 its 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 doesnt but jamie dimon makes a 1000000000. 00 a Lloyd Blankfein makes a 1000000000. 00 because theyre 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 cant work because the coven one thing and by the way were organized now and were going to demand our rightful hourly wage which is closer to 50. 00 an hour. Based on your money supply youve been warning yourself for 30 years i mean wall street cant win every single time eventually some workers have to participate in the American Economy the American Economy is not just buying for kleptocrats its not buying for terrorists like jamie diamond theres 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 cant throw the keys to a group of wall street charlatans and give them 6789 trillion dollars and expect them to whip up something thats 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 weve 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 its accelerating because the cop was there theres too many capos you know and theyre 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 thats thats 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 thats now collapsing and its happening all over the world ok thats an act of of vandalism thats beyond anything beyond anything weve 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 hes infected more people with his financial virus than covert banking and creating more death and covert 19 how hes not in jail today is a fairly are of justice in america so i want to turn to this story from i believe its 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 ive 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 cant deliver because of the disruption in the in the postal system you know not. Saying that theres 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 theyre like wait a no what i mean the supply chain i just won the game what he talked about they dont 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 moms up theyre going to make me a cake what do i mean theres no supply and food again were 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 its that last mile actually distributing the goods its the same thing and america where we say theres no disruption in the actual supply if you send a bunch of food to a warlord in africa its not going to get to the people is it if you give a bunch of money to jamie diamond its 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 ill just keep it and not give it to the people and theyre going to starve you know hes theres 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 thats the last mile problem but people like myself didnt feel there was enough being done to reduce this much risk its possible for myself my staff and the public so people were not honoring those last 2 meters between you and the goods. Theyre going to start paying people more and thats thats thats 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 its all that happens until those to make will bring in between whats being paid to people based on the money supply then youre going to have Food Shortages and youre 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 wont be talking about jamie diamond stay right there. But im going to teach you must. Was sentenced to death. Charged with capital murder even though he didnt have the gun didnt pull the trigger didnt 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 its ok. Its really hard there are no jobs and you see that ive got kids. And as a parent. I can come up with. Theres 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 dont care and want to buy cares about your so you dont 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 toshibas 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 ninetys 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 dont have to read the whole site were nomic on you just have to read the 1st page and thats the bait between comply to the territory and laws and greater amounts of privacy its 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 ninetys 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 wasnt 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 dont 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 its the reusable work thats 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 thats 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 didnt manage to do it to provide more privacy but there is a lot of experimentation and right now oh thats 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 whats your for when you talk about philosophy because if i talk to my supervisor shes going to tell me that im some sort of out of kid and hes 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 its 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 thats not what Alexander Hamilton once and thats how we ended up with a central bank in the United States and the dollar and and youre only 20 percent for you weve got. The story but also i think economists who blame philosophy like hajek and the whole school of ar