Collapsing go coterminous as i believe you could say the physical infrastructure and the mental infrastructure are collapsing simultaneously and we are simultaneously giving birth to a Virtual Reality is becoming pervasive and interactive and quiet its meaningful and driving the economy well i was a cartoon avatar you can see it on the screen right now and then here is max he was at the same conference speaking on stage you only spent the 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 its 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 them and talking to them so even at that rudimentary Virtual Reality level i felt that so whats it going to be like when it gets we mourn. Events 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 youre making there is that you have a sense of intimacy that you have in a physical space you had it in a Digital Space so i guess thats was the unexpected and that. Kind of like youre 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 it 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 its like well i wonder where im going to end up and i did go through the edge of this virtual universe and then like weird diagonal and rectangular shapes the men total gray thats one thing that has always kept people from achieving is the sense of fear yes and so in this reality what youre describing is that you drop a lot of the fear and so replacing fear is always faith and with faith comes great change where i didnt have fear because i could hit reset so i could reset it come back as a different avatar if i failed on stage like ive died on stage like 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 cant 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 ice economy and were going to look at the layers of exorbitant privileged. Is commercial real estate fall out even tao says the queen of England Office workers are again told to work from home retailers dont pay rent u. K. Commercial Property Owners sink deeper into the mire Crown Estates which manages the queen of englands portfolio recently wrote down the value of 17 shopping in Leisure Centers by 17 percent cutting her majestys net worth by 552000000 pounds as the economist points out this is fairly small beer set against the 13400000000. 00 valuation of the queens Property Portfolio which includes some of londons 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 doesnt 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 shed cafe l. The rest of the economy any landlords that are not royal well theyre about to get royally you know messed up let them eat marmite thats it the queen saying boy does anyone have a taste of marmite wow thats stuff all you know burnt the hair often off a corgi right there and Buckingham Palace dont get anywhere near that stuff well its basically like hitting the reset. Reset. Oh my goodness i suppose the queens put you know i so weve learned in the United States and around the world such will bankers so. With Alan Greenspan on the greenspan put bernanke janet yellen jay powell what does that mean i mean whenever the stock market goes down the Central Banks bail everybody out and so theres no risk theres risk of owning stocks is near 0 for a certain class of folks and same thing with the queen except shes tied into property so they created the similar situation in Great Britain for the queen as the queen put so she cant lose if see the value the property drops shes reimbursed if it goes up she keeps the proceeds as far as whether she owns it or doesnt own it its the structure is. Similar to what we would find in any offshore type of arrangement where wealth is kept at arms length and that the folks who control it have a way to say they dont control it and thats very well stablished of britain is probably the Worlds Center for that its 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 of her portfolio so much 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 facade 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 right so here we have a situation where we have commercial Mortgage Backed securities which again there 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 a 100 percent and trans. Heard to the Central BanksBalance Sheet they cant do that in the u. K. Because they dont 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 the economy and they get to reset then theyre 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 were 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 didnt at all create something get out the egalitarian ism and maritime erotic demarc 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 that type of thing but you also see the hierarchy of exorbitant privilege because america has an exorbitant to privilege of being able to print a dollar the u. K. Doesnt have that so they cant bail out everybody theyve chosen to bail out right now commercial property tenants cannot be kicked out they cant be evicted until december 31st thats been extended so any small you know joe baca 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 there only collecting. 41 percent of rents do have been paid to them but what about the past the shops in cornwall thats the key for Great Britain success is a good time from cornwall well we have to take a break for a couple of passes chicken a mushroom will be back with much more dont go away. And sort of amazing country with so many friends in russia and im very excited to be here. This. I love that idea i think i can do that. Every night i make a lot of money with it paid millions and hundreds of me. Here is not nice what. A great wall and nobody feels a lot better than me believe me and ill build a very inexpensive like a great great wall. d and just in case youre worried about whos going to pay for it mexico will pay for. It well see what happens. I always say. Well see im a failure with the success. Of the road or the birds or head. For the feel good but so. Far good. Service is the people its. Just a pity the mothership did. Seem to move. Them in a few fish you know not just because. They are the house of. God since we. Need. To meet the need. To secure the release. Bill coming through the system distance between. Ministers in the news to. 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 were talking about individual sovereignty style sovereignty the ability to monetize effectively whats 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 selves that we can monetize using Something Like to climb 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 youre living but as you go off is going to be immense in my view the beauty of the block chain is that it theres a permanence to it it exists away beyond any particular route so its very possible that things that you created. Like a song happy birthday for example that song was paying generations of people even though that song originally was stolen for sure you know at least 100 years. Less than a 100 years i say the things that somebody publishes whether its a a a a novel were whether its factual information or whether or not its 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 line has a network thats process saying over 100 quintillion calculations per 2nd and its doing this by coopting a Network People of olen you know ball sharing their c. P. U. Volunteering their computer hash power and because theyre 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 youre saying is that your brain is a node and once its 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 youre saying the ai which youre 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 of the network to my individuality become collectivized it and i still may brian what are you doing to me whats happening max its a wonderful question so thats why im im really an advocate of hyper local and i are local computing means that were going to have petabytes of data if you were to put a camera on your shoulder and record everything youve heard seen everything youve interacted with youd be well below a petabyte of data now today a petabyte of data costs tremendous amount of money lets call it 100000. 00 moores law and something i. In researching and others have but is now finally getting picked out 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 cant be emptied it literally would have to be crushed to be taken away that its never on the internet it doesnt 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 theres a lock theres 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 there witness against you for a lot of biometric reasons a lot of people have us and say oh my god its everything ive ever done while there is biometric always to make sure that it doesnt bear witness against you so you will have your sovereignty youll have your individual ality and youll have the ability to monetize yourself in a way that weve never seen before in society and its not utopian its just anti dystopia a lot of people predict a future of this you know merging with the machine in the one mess and were 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 dont believe that humans ever wind up going in that direction the last time radical Government Forces make that happen and i think ultimately well recover those heretical courses so this is an individual liberation its 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 value the sum total of this data is held in a crystal all 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 theyre even crafts and i guess you get your comment on this something that comes up often as well Quantum Computers are going to hack and traps and thats a risk to bitcoin whats your take on that actually Quantum Computers will hack all forms of encryption thats a guarantee so at some future point in time whatever were secrets will no longer be secrets thats 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 lets put say put out into the world that are going to be de encrypted trivia come on computing and that may happen sooner than most people think but it doesnt break because because big crime would become in pervious by utilizing. Whats called quantum resistance lets call it quantum 8 it blocks change and thats a relatively easy thing or has a number of researchers ever really come up with rather Robust Solutions for that so thats not the end of the world i think on the other side in a world is when we start mining asteroids what is going to happen its already starting to happen it in the spirit and the period of next few months were going to take in the very 1st sample off an asteroid and come back to earth and so thats going to be publicly the 1st time weve actually mind an asteroid and weve been able to analyze the content and thats the Osiris Mission and thats going to be an interesting point in time because it changes what we called precious and it changes what we call and thats another street we can go down but. All of this is interrelated because each of the only energy thats 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 its Natural Resources but those Natural Resources are irrelevant unless we have to create an ambition and intelligence and 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 doesnt become anything but they could be a photographic plate in one of these polaroid cameras at one time right so. Thats what a lot of economists one of bailing out is atheist look at be the rarity at something but not the human ingenuity and the ai systems that were talking about and Quantum Computers are emerging at such a way where i believe individual human creativity will finally have its highest value and 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 whats 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 soch compare to alexa it is a lot of reasons apple lost its ambition the very last thing that ste