Keiser Report: The gentrification of payments

Max and Stacy discuss the alleged case of the £70,000 up in flames in Wales where a businessman claims to have burned up the cash he owed an insolvency company. Max and Stacy note the global monetary system was similarly set alight back in 2008 and it continues to burn. Max interviews Brett Scott, the author of The Heretic’s Guide to Global Finance: Hacking the Future of Money, about the ‘gentrification of payments’ and being herded into the digital net set up by multinational payments processors.
See Also: (Keiser Report) – Keiser Report: Social credit scores & Obamacare

In this episode of the Keiser Report, Max and Stacy discuss the social credit score in China blocking over 20 million citizens from travel and how that same system is being deployed similarly in the West with perhaps a nicer user interface from Facebook and Obamacare. They look at new patent filings from Facebook suggesting they are looking for a sort of credit score for civic participation, and at the denial rates for claims on Obamacare plans, health insurance policies which US residents are forced to purchase but not necessarily able to use. In the second half, Max continues his interview with Brett Scott, author of ‘The Heretic’s Guide to Global Finance: Hacking the Future of Money’, about the ‘gentrification of payments’. They also discuss cypherpunks and bitcoin as a way out of the negative interest rate bearing evil coin from IMF meets JPM Coin’s dystopian digital future.