so i'm for the kaiser report with me max kaiser and stacy kurtz total some of those stories please well max let's start with this one congratulations to enemies of box office futures cantor fitzgerald has laid off its entire staff who are the enemies identified in the headline by joe wiesenthal and business insider you max kaiser that's correct i am fighting the borrowers in the speculators as part of the war of savers versus speculators can affect shell and cancer exchange part of the enemy the borrowers and speculators and they mobilize one media empire just like any good media mogul should and i defeated the speculators and the m.p.a. and congress outlaws these contracts and i have an idea what could be done with these contracts and i'll mention that in

a moment but please continue maxwell you did mention media moguls i have a headline about a media mogul reporter bing viacom chairman sumner redstone blew five hundred thousand dollars on his younger girl group crush object this is the eighty seven year old chairman of both viacom a twenty billion dollars company and c.b.s. a ten billion dollar company sumner redstone and he contacted this journalist from the daily beast peter lauria and he's trying to force him to give him information about who is his source for a story in which they reveal that sumner redstone chasing a young girl from a girl all girl band electric barbarella is so listen to this audio clip here maybe you are. dreaming recruit. with your current go. cart.

you know why some little red stone in there. in the hall media mafioso thing i believe biographer this how old is this guy eighty seven but max you did warn when you were campaigning against the cantor exchange box office features you warned of the sort of activity that these sort of guys could do it just to manipulate the price of their movie project to their movie contract this is just a case of him wanting to get this young girl onto a reality television show on m.t.v. that's right hollywood box office is about ten billion dollars a year now using derivative contracts you could leverage up to two hundred billion dollars a year and then you could move the price of movies in ways you want them to move and you could get movies produced that you want to see produced so here's my idea let's take a country like russia with an active exchange and derivatives market of their own they could effectively trade boxoffice futures contracts in russia get a two or three hundred billion dollars change going and bid up prices of movies

that had a good view of russia and so short those projects that had a negative view that they didn't want to see produced they could control the hollywood dream factory right here for a mosque out well russians do play the bad guys the most. so maybe they could intervene there but let's talk about movies goldman sachs is making a movie about itself goldman the movie by goldman. wow this brings up interesting questions about casting i think for a lloyd blankfein the c.e.o. how about divine from those john waters movies remember she was a polyester i think we bring her out of retirement and make her play lloyd blankfein in the epic movie version of goldman sachs how to steal a country i have a better idea he was an actor he was then was a prime minister now he's a banker tony blair he started out as an actor he has the god complex that's right and. he's a banker j.p.

morgan he's got the chops he fooled the entire nation into thinking that labor was just the old one how shall i call it the placenta of maggie thatcher is. so conservative as well goldman sachs is financing this film about themselves it's only for internal distribution and the star is lloyd blankfein goldman sachs isn't the next headline as well and a i.g. failure would have cost goldman sachs documents show yes apparently goldman sachs was forced to reveal who they allegedly insure themselves against in a i.g. collapse it turns out according to christopher whalen managing director at institutional risk analytics this illustrates that goldman version of reality is not entirely accurate they did have exposure to a i.g. and that is what drove their behavior in the bailout i'm sure one day we'll hear the equivalent of the sumner redstone audio files the telephone messages we'll hear

the same from lloyd blankfein we're not going to kill the markets we're just going to need your money this is because when hank paulson went for congress and demanded seven hundred billion dollars as part of that amazing extortion racket where he threatened martial law in america unless congress gave him seven billion dollars for goldman sachs goldman sachs of the time said well we don't need the money because ridge now it turns out they weren't heads and he was operating as an extortionist for goldman his buddies and he is operating for the banks and not in behalf of the american people because there was a coup in american two thousand and eight and it's now run by corrupt bankers here's what senator chuck grassley says it's as if the new york fed used a i.g. as a front man to bail out big banks all over the world it took nearly two years for the public to learn these details and they were only revealed because congress wouldn't take no for an answer taxpayers deserve to know what happened with their money the militia had someone redstone go in front of congress to. the seven hundred billion

for wall street and goldman sachs he could have said you know sumner redstone could be like give me the money away. but i need the money and i need to face the game sumner redstone the new media buy i need the money going away but all these details obviously the new york fed was a front man it is a front man that's its role but it really ties in with this whole cantor exchange in this all these golden making a movie really martin scorsese needs to direct it's going to be his epic last film of the mafia film of all mafia fell through yes well we did see a preview of the new film coming out. the editor and director of wall street part one of course that would be the owner still of course he's coming out of the wall street part two money never sleeps yeah but i'm talking about whacking and killing and murdering and assassinations and it's either francis ford coppola or more martin scorsese have to direct they will ferraro let it be the

movie the bad the tenet get him to make a movie about goldman sachs guys going really well speaking of violence this is in the next headline b.p.'s head rolls oh yes the head of b.p. tony hayward is out. with a ten million pound pension. by the way he's another person that could be played by tony blair oh absolutely they look almost the same to have the kind of the smarmy tory look apparently it's so insulting it's very leo straus c. and it's very condescending because what they're going to do is replace them with robert dudley and they're openly saying it's because he has an american accent and the american people will take an american accent in a better way that's right well george bush proved that you could fool the american people into accepting anything if you sent a dummy and he sounded deep south and in texas and so he said look george bush we're going to completely destroy your economy and you're now left with nothing and everyone bought into it now you've got twenty. words got that kind of british

accent and of course it was like oh no it's foreign we don't accept it so we put in an american what's his name dudley robert dudley robert dudley so we'll get on there for b.p. and say we'll go to goes completely destroy what we don't leave history to the big body you economy and we're occupying your country and you know a bunch of peasants now but does american accent suits ok and they're going to be like. we're peasants i feel like i could have a beer with him. well this however you know they're going to have an american accent to explain to the population of america which is suddenly interested in b.p.'s role in the release of the lockerbie bomber barbara. the last episode tony blair and the farting camels of tripoli farting gavels of tripoli starring a lawyer blankfein is played by john sloan well the headline reads b.p. to drill off the coast of libya yes b.p.

it is a libyan partner of the libya investment corporation signed an exploration agreement worth nine hundred million dollars with libya's national oil company in two thousand and seven when tony blair was there blood for oh tony blair blood for oil blood tony blood for oil blair how many americans died in the hundred ninety well you know now b.p. has got a good oil contract so in dime they now that he has an american accent that's all it is all so it's all rather then now but it did know but b.p. got a big contract it was ok well speaking of british accents vince cable who is with the lib dems and we were he was very prominent during the financial crisis because he was the only voice of reason in the house of commons and he is now in the headlines banks told lend more lose bonuses so vince cable the business secretary under this coalition government in the u.k. has announced that he's going to force bankers to lend to businesses or. risk

losing their bonuses under his new plans get some the redstone to threaten the banks because some the rest of the middle and going away the middle lender are going to kill you i got this twenty one year old chicks the right is she loves me i got some via you but a limb go we're going to let it work it's going to get nomic policy this is similar in a way because he's saying you know i'm going to whack you socially if you don't collect a billion dollar bonus this year you're a nobody you're into europe you're a peasant if you don't make a billion dollars a year absolutely but the joke of it all is that no matter how many loans they inject into the system there is a wall of twenty trillion in bad debt that's going to suck up any liquidity going for the next five to ten years the deflationary spiral that's causing huge spikes in unemployment and wage that syria ration and quality of life collapse in america and britain and around the world is a promise no amount of cash injection alone forcing will change that because these

banks colluding with the governments have yet to disclose the full extent of the shadow banking system another twenty children and bad debt yet to be revealed max there is the other side of the equation of deflation hyperinflation and vince cable could get what he wants and that might be a collapse of the currency if you cause hyperinflation because right now all of that new money all that quantitative easing and remember the u.k. has had the most of anybody has on a percentage basis on a per capita basis and it's just sitting there on the bank's balance sheet so if they start lending it out you could have a wide margin any sort of situation well that's an excellent point i think people need to get their term straight you've got inflation and you've got disinflation then you've got deflation versus hyper inflation if i say that correct yes i did so deflation equals hyperinflation there are two sides of the same coin similar inflation and disinflation are let's say with milton friedman would refer to as the . monetary event needed to control prices and price parity in wages in the economy

but we're well past milton friedman is a well well past neo liberalism well well past barack obama is a member barack obama is a chicago school trained economist who believes in milton friedman as a believer in the a liberalism but we're well past that we're into why more republic hyper inflation currency collapses i'm actually on this according to the telegraph in the u.k. the biggest book by city bankers in the city of london this year they're all fighting to get in so much that there's so much demand for that is that seven hundred dollars on e bay now dying of money lessons of the great german and american inflation's which with the hyperinflation and crises of the great depression with a four of course from ben bernanke thanks stacy herbert for being on the kaiser report thank you max already will be back with a sense elating interviews don't go away.

every month we give you the future we'll do you understand how we'll get there and more the best in science and technology from across russia and around the world join knowledge on r.g.p. for the full story we've gone to. the biggest issues get the human voice face to face with the news makers. welcome back to the kaiser report time now to go to new york city and speak with michael kroger fund manager and financial writer michael welcome back to the kaiser report it's great to be back max and stacy thank you for having me all right michael the most important question and one that's on everyone's lips news that goldman sachs is going to make a movie about itself who do you think should play lloyd blankfein. goldman the

movie. that's interesting i wonder if i don't think they've been making any more lord of the rings lately so we should we should try to see if gollum is available for that part because i couldn't think of a better character to play lloyd blankfein it's a good idea of course a cut is a golden ring that have to use a fee out currency collateralized golden ring obligation note but it kind of be some are it's a creature devoid of all so all soul whatsoever as well so that would work all right now michael crater you recently fall across the entire us where did you go what did you see what's the what's the real situation out there in the nation yeah sure so what i what i really tried to do on this trip was i have waited i have waited all coasts essentially i went to the middle of the country to the places that a lot you know might seem random to a lot of people too to really get a sense of what's out there considering i you know i grew up in new york city i live in new york city now and what i really found really really sort of shocked me in the sense that. i always knew that new york city was

a bubble onto itself and very different unique but what i didn't realize was how absurd it is and how ridiculous it was and that's really the one that's one of the major takeaways that i had from from traveling across the country what i noticed was what i kept reflecting upon was the things that people would drive people in let's say a place like new york city and washington d.c. and and those things seem to be to me you know power money ego the things that they do tend to drive humanity in a lot of ways however when taken to an extreme you get you get the sort of society that we have today which i think pervades itself in new york city in washington d.c. and what i found across the country that i visited the areas that i went was it was a lack of obsession with those three things and so i really i really felt that the rest of the country having suffered already through those through those through the bush years they've they've adjusted to i think what reality is a lot better than new york city and new york city seems to me the most detached

from reality place in the country you recently sent an email that we posted on our site the dangers of a failed presidency tell us how is obama fell president and what are those dangers which you refer to what i meant to say was obama's a smaller part of what's a larger failure right which is a failure of the united states economic model in the in and essentially the united states empire but what i actually think is good about obama's failure is that if john mccain for example had been elected president no one would have had the hope right and optimism that people had with obama so someone like me who's an independent that voted for obama his my my hopes and ideas that compare compute completely been dashed so the salesman essentially has failed the salesman of this economic empire that the united states has that you know that he's he was supposed to give people confidence in our transition us into something else and the. the fact that he has failed so spectacularly i think is taken the establishment off

guard and that's what i mean by by the dangers so you have an establishment that's in power corporate media financial and bureaucratic establishment or elite as you can call it and they are essentially panicking right now because the american people do not have faith in their executive judicial or legislative branches of this point and obama sort of characterizes that it's most profound manner and so what i think the unite the elites or let's say the administration is going to need to do is create another enemy so if the if the united states population views their own government suspiciously they're going to need to distract attention away from that some other in some other manner so that that's what i really mean by the dangers that the oldest trick in the book essentially getting people to hate something else as a distraction away from your own government is is what i think is a tactic that will be employed one way or the other so you're saying that from your

observation family around the u.s. that the confidence and barack obama is collapsed and the folks out there in middle america are ready to look for some new direction but i think it's going to fall into the same right left trap which is basically constructed by the corporations to keep people in debt and up to their eyeballs with you know media that's put out there by the likes of sumner redstone which is just propaganda for these corporations and what they're actually going to go into the same dead end are they going to take a new direction i think it's going to take a new direction but what i found was i met people in almost in virtually every state i was from all walks of life and i met people that were you know had campaigned aggressively for bill clinton for example and then i met people that lived in southern louisiana that were traditionally very you know conservative republicans and what i found from particularly people closer to my jet. aeration which it would be in like their thirty's is this idea that this democrat republican

two party facade is a is a relic actually is an invention of our parents' generation i do not find people of my of my generation associated strongly with republican or democrat i've actually never felt that way it was more of an apathy for my generation but what i see now with someone even said to me who is a small business owner that i met in salt lake city who is from actually southern california he told me he said we need a party for our generation we need a third party so clearly i think this desire for a third party for something new for something that represents the values or where we want to take this thing from from my generation is is very is very much there i think executing is that is the difficulty just look at peter schiff for example who's trying to run he's trying to run as a republican but the guy can't get on t.v. and the basically the mainstream media is pretending he's not running so that the establishment is very very strongly fighting

a potential third party or new political movement by the desire is absolutely there in my opinion i do not see people polarizing actually into democrats republicans i see confusion but in desire for actually let's say a progressive party that's the word i actually like to use we need to figure out certain things that we can all agree on as progressives let's say and i have some ideas on that and then take it from there yeah but michael kraig i don't know if you saw this report that came out from the washington post last week that's called top secret america yes sock about two thousand corporations in the new and information and strike complex you've got companies like google and you've got companies like oracle they control the information they control the information flow there and fact of lee spying on every single american who interacts with google or the oracle database and any time anyone gets anywhere in the way of this corporate agenda which is. corporate genocide for profit then they get deleted you

know on facebook there were eighty thousand people who were trying to stage a boycott against b.p. and facebook simply deleted it and how do you how do you overcome the fact you got entrenched. oh look awfully information technology companies that control the system how are you going to keep this not the effectively michael kramer yes or no the right to assemble a fundamental right of every american has been overturned by these technology companies yes or no yes but here's the thing i think this battle will be won by let's say people on our side and i think through through alternative media which is what you're doing that's one avenue which i see as being extremely productive but the other is this is that everybody in every single day they live their lives makes choices right they choose where to have their money what bank do they have their money and they choose what to buy what to eat what you know and sometimes people don't have these choices but a lot of people do have choices so in other words i think that the rallying cry

that i would say and you can make this through the alternative media is ok well protests in the street don't do any good because all put out police state thugs or or demonize your whatever that's not the direction we want to go and i think we do need to go in a sort of twenty first century direction and what that means is this sort of i'm going to write about this in the future but it's this idea of conscious capitalism right which is essentially you need to think every single day what you're doing what you're spending your dollar on and if you do that you would just your life and everyone does that the whole thing will crumble so in other words if people decide not to buy the two hundred dollar coach bag but decide to buy a hundred dollar handmade bag made by their neighbor's daughter let's say that the world will change if everyone does that i truly do believe that because and the same thing goes for gold as we've discussed so refuse to use their money refuse to buy the corporate products and think about where you have your money what bank you have your money and i have my what money i have in the bank is it isn't it it is not in one of the big. banks and that's got a conscious decision and i think that if people make those sorts of choices the

structure has nowhere to go but fall collapse on itself well there's no appetite there's no incentive for social justice in america of anything there's a rise of the ideologues who are vilifying and scapegoating minorities like the mexicans are coming in over the border and you see the rise of fascism a lot faster than you're seeing the rise of any progressive party but let's move on to financial reform for a second about obama signing the bill for financial reform he said quote because of this law the american people will never again be asked to foot the bill for wall street's mistakes your thoughts michael kroger yeah i mean i just think that's more propaganda if you really take a step back and think about you know what they're passing and what's been done since this crisis and what hasn't been done then you then you can see the bigger picture for example who's gone to jail i mean this was one of the biggest duce when the biggest criminal acts of financial crude a taas as you mentioned united states of the world has ever seen on

a global scale and the instrumental players in this process are walking around free with all their money it's it's preposterous so i mean that's that's that's how i look at this and then they pass these bills that are extremely complicated that the lobbyists are involved in writing and so what ends up happening is you just create more confusion more fear more uncertainty and the people that actually created the crisis go free with all their money and move on with their lives so it's it's to me just a just a distraction to keep people's eyes off the ball in a similar vein for example audit the fed bill remember that had three over three hundred co-sponsors in the house had over thirty six co-sponsors in the senate the thing just evaporated and now this bill gives the fed more power and the amazing thing is if you watched any of the hearings last week it was embarrassing our congress people were basically telling bernanke how great it was that they actually serve the fed actually survived in. and with more power so that's what i think

people need to understand that there's a corporate military financial elite that creates policy pushes through policy and that that is just further evident in this bill as far as i'm concerned it's keeping people distracted keeping people away from the from the real issues in the real perpetrators of crime well in the bill there's a provisions for a financial consumer watchdog agency elizabeth warren's name has been bandied about clearly if the american people want it to relieve themselves from being victimized by financial terrorists they would put william k. black in that position he put over a thousand bankers in jail after the s. and l. crisis and you get rid of some of these opportunistic financial terrorists that are stealing your money but i'm not convinced that the average american is truly. truly seeking freedom from this i think think think they at this point they've got now a taste of what a life what it's like to be subjected to this kind of tyranny and i think i think

they like it well the way that's all the time we have for today michael kroger thanks again for being on the kaiser report thanks max and stacy appreciate it already and that's going to do it for this edition of the kaiser report with max kaiser and stacy herbert if you want to send me an e-mail please do so at kaiser report r t t v are you until next time this is max kaiser saying by.

russia is on high toxic alert as china watch thousands of barrels of explosive chemicals into a major river. also this who's to blame south korean reports suggest russia can prove north korea is not guilty of the sinking of a sudden warship undermining international accusations against. uncovering change british peace campaigners say the war could take a u. turn after the exposure of u.s. military secrets detailing mistakes and coverups. summers being far from

a breath of fresh air in moscow with temperatures breaking records on a daily basis causing fires and small. and on the business desk russia is set for its biggest privatization in fifteen years i'll have that and lots more for you in the business bulletin in just twenty minutes time. live from our studios here in central moscow this is r.t. with you twenty four hours a day several thousand barrels of highly dangerous chemicals are heading to russia after being washed into a river by floods in northeastern china officials say they could reach the border within a week. because it has all the details but it all happened in a chinese proverb.