Keiser Report: The gentrification of payments
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.