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 at business insider you max kaiser that's correct am fighting the borrowers in the speculators as part of the war of savers versus speculators can affect shell and cantor exchange part of the enemy the borrowers and speculators and they mobilized the media empire just like any good media mogul should and i defeated the speculators and the m.p.a. and congress outlawed 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 are you maybe you are good. with the group. but. we're not going to go. to our car we're not going to. want to hear right now why so little redstone in this. in the all media mafioso thing i believe i go for this how old is this guy eighty seven but max you did warn when you were campaigning. against the counter exchange box office

features he 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 what 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 box office 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. divine from those john waters movies remember he was in 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 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 taking morgan he's got the chops he fooled the entire nation into thinking that labor was just the old well how shall i call it the placenta of maggie thatcher is. so a conservative is a goldman sachs this fire. and saying this film about themselves is only for

internal distribution in the star is lloyd blankfein goldman sachs is in the next headline as well and a id 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 id 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 don't need your money this is because of hank paulson went for congress and demanded seven hundred billion dollars as part of that amazing extortion racket where he threaten 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 hedge and he was operating as an extortionist for goldman his body 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 something redstone go in front of congress to get the seven hundred billion for wall street and goldman sachs you could've said you know some the redstone could be like give me the money away. but i need the money and i need to face the game sumner redstone new media by i need the money quick. well well yeah

but all these details obviously the new york fed was a front man it is a front man that's his 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. 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 first over still of course he's coming out with 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 they made the movie the bad the tenet got him to make the movie about goldman sachs guys getting really well speaking of violence this isn't the next headline b.p.'s head rolls oh yes the head of b.p. tony hayward is out. he 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 that kind of that 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 can fool the american people into accepting anything if you stand adama and he sounded deep south and in texas enough 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 tony hayward's got that kind of british accent and of course i was like oh no it's foreign we don't accept it so they put in an american what's his name dudley robert dudley robert dudley so he'll get on there for b.p. and say well the girl goes completely destroy what we totally eviscerated and we bought a joke. i mean 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 but over. the last episode tony blair and the farting camels of tripoli farting camels of tripoli starring a lawyer blankfein is played by the phone well the headline reads b.p. to drill off the coast of libya yes b.p. and as 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 oil tony blair blood for oil

blood tony blood for oil blair how many americans died in the one hundred ninety well you know thing now b.p.'s got a good oil contract so didn't die in vain now that he has an american accent that's all it is all so it's all rather then nobody did know but b.p. got a big contract it was ok well speaking of the 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 you get a lender are going to kill you i've got this twenty one year old the right is she loves me i've got some value i go. a limbo we're going to let it work it's going to

canonic policy well 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 to deflationary spiral that's causing huge spikes in unemployment and waves of syria ration and quality of life collapse in american 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 trillion and bad debt yet to be revealed but max there is the other side of the equation of deflation is hyperinflation and

vince cable could get what he wants and that might be a collapse of the currency if you call it hyperinflation because right now all of that new money all that quantitative easing and remember the u.k. has had the most 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 and 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 what milton friedman would refer to as the monetary event needed to control prices and price parity in wages in an economy but we're well past milton friedman is a we're well past neo liberalism we're well past barack obama is a member barack obama is a chicago school trained economist to believe. milton friedman is

a believer in neo 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 you know dying of money lessons of the great german and american inflation's which with the hyperinflation zone and the crises of the 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.

to spain to the caspian region the wilderness of the great town it's a form of. if. he goes to central russia where the car industry is rapidly developing when history finds life in its place. and where american citizens can find a new welcome to the. club so. going into the future. schemes for missing and moving. specialists is. your stereo display a life glasses problem. three d.

. welcome back to the kaiser report time now to go to new york city and speak with michael craig our 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 mike all the most important question the 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 and 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 of gollum is available for the. 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 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 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 us felt presidency tell us how is obama felt 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 is an independent that voted for obama his my my hopes and ideas and compare computer 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 a nother enemy so if the if the united states population views their own government to 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 that that 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 there was more of an apathy from 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 a 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 progressive let's say and i have some ideas on that and then take it from there michael craig 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 talk 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 the 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 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 i do you overcome the fact i've 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 they'll 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 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 now incentive for social justice in america of anything there is 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 and 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 this was one of biggest criminal acts of financial cooed a taas as you've mentioned the 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. pendent 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 provision 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 they 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 at r t t v are you until next time this is max kaiser saying bye y'all. are unknown.

and i gather this is seen return of the headline. a russian investigation into the sinking of a south korean warship in the other times as a u.s. led investigation that led to the communist north downs according to a south korean he's paid. thousands of barrels of dangerous chemicals could reach the russian border within a week of being washed into a river by laws in northeastern china. the governor of the u.s.

state of arizona is set to appeal against a federal court ruling that blocks the cost of a new immigration rules a section in the controversial bill gates please the right to question suspects about their immigration status. six months ago and scorching temperatures with moscow as the mercury reaches a second record high this week or the relief is expected over the weekend with rain . now it's time for a new program sport lied is that is such a staying as a pure russian jane the course of the institute and most things series and claims to have to code it all going all talks to one of those scientists involved to find out what secrets could be lying in russia's genetic code that's coming up in just a moment.