he's saying that this is false this is not the case and he's accusing people of trying to start rumors since they favored avatar. right that's right avatar is another film it's a competing film as i pointed out you say i killed box office features in america the cancer exchange that they were going to launch box office features cantor fitzgerald they were going to launch it alerted the m.p.a. the motion picture association of america through the show and other venues like the huffington post in america and they killed it and right they should for this very reason is just more derivative nonsense in this case getting into the pop culture to reinvent movies as just the detritus of risk takers on wall street with no soul and no conscience however having said that let me say this i believe it would be fantastic as a way to level the playing field in the global pop culture market if another

country maybe china maybe iran but principally my first choice would be russia russia should open a box office futures contract in moscow leverage it up and dominate hollywood you can do it ask me for details russians in the next headline and this is why it is fascinating because the story offers a direct link between temperatures and the bond market so russia's drought raises bondholder risk on prices so russia last week had the highest temperatures ever recorded in the hundred thirty years of record keeping in russia and the temperatures soared to thirty seven point four degrees celsius which is ninety nine degrees fahrenheit and because of this the high temperature is thirty two percent of land under cultivation has forced the russian state to declare states of emergency in twenty three regions grain prices were up thirty three percent and one

week and green producers are saying they're probably going to double by the end of the year and as a result of this inflation is expected to hit over. eight percent now this will drive the price of bonds because the central bank is going to raise rates right well this is remarkable because it very succinctly paints the connection between the ecology and the economy in both cases liquidity is drying up liquidity is drying up due to global warming causing incredible stress on the ecology and liquidity is drying up in the global economy causing this credit crunch why because both the bankers and the agricultural companies and the fortune one hundred fortune one thousand and global big mega corporations have sold forward one hundred years worth of profits and one hundred years' worth of returns in both the agricultural ecological sense of the word and in the financial markets the net result is that we

are now on the precipice of premature of human extinction where you mention commodities and agriculture and the effect of global warming on it and peak oil and things like that and because of this a lot of people have listened to the likes of jim rogers and mark father in the trying to get into the commodities market and this brings me to this next headline e.t.f. so imperil commodity investors when contending go conspires with pre rolling so many people have been investing in to these commodity e.t.f. which because they can only invest via the futures contracts the e.t.f. managers themselves they don't take delivery of the commodity so therefore they have to roll over their contracts every time they expire so because the e.t.f. managers do this at a set known time to the hedge funds they just front run them on every single thing whether it's causing content go in the oil market where you see the big hedge funds renting out all of those giant tankers and storing oil and forcing contango which

is actually causing all of these oil e.t.f. to lose a lot of money and on the gold market. you see the opposite in prevailing where they're actually that as the market last week for example when gold was rolling over the contracts were rolling over the prices collapsed for that time i like the way you say contango. present week and contango later well can you explain actually what can go is a can't get the image of tangoing with stacy out of my head oh oh oh right well as you point out it's a term used in finance to describe a situation in the futures market where there's a disparity between the near term and far term price is the opposite of backward ization is when the flip side of content happens the point of this piece as you've described it is that this exchange traded fund i believe the symbols oil o.-i l. this is actually us so they're talking about us and they've got quite

a large bit of money in this exchange traded fund and it's down sharply i'll give you those first the biggest oil e.t.f. the u.s. oil fund has dropped fifty percent since the start of april two thousand and six even though or oil is up eleven percent right so clearly it's an example of wall street professionals ripping people off i mean this is where has money in this you see if if there was such a thing as recourse in america the people who own this piece of garbage. could sue the pants off wall street for selling it but i know from working on wall street that if you try to sue anybody in wall street you end up taking your case to an arbitration panel that's docked with brokers and bankers and the hope of recovering any of your money is about zero well also into this equation enters this man emil von essen who runs his own commodity trading firm and he's developed software that predicts and profits from pre rolling so he says quote i make

a living off the dumb money these index funds gate in a life by people like me. he's a parasite now parasites which is not necessarily a bad thing parasites have a an important function in any ecology and they're a vital part of the bio synthesis that happens both in the ecology and the economy as even adam smith pointed out the similarities between the ecology and the economy when trying to come up with models where you'd have a fair distribution of all of the risks and rewards in any closed environment whether it's wall street or a wheat field but here the parasites have grown to gargantuan godzilla proportions where the parasites are running the show the parasites goldman sachs j.p. morgan and the software developer are are running the show now that's no different than having runaway cancer i mean robbing runaway cancer is

a bad thing it'll kill you having a parasite like this just clipping people's profits and causing wide scale poverty that's not a doesn't add anything to the economy whatsoever he's not adding anything to the economy he's actually destroying the economy he's a parasite and he's a he's a financial terrorist you mentioned parasites and you mentioned goldman sachs they're in the next headline goldman sachs create derivatives clearing unit so goldman sachs has started a central exchange for derivatives so i guess they're preparing for the fact that there is going to need to be a derivatives exchange and lo and behold they themselves have created it this is central planning on the currency the u.s. economy was supposed to move away from centrally planned command and control and they're not too big to fail banks they're supposed to be competition free market competition if goldman sachs is going to be the sole market maker in these derivatives they will continue doing what they've been doing all along representing

both the buyer and the seller manufacturing prices that have absolutely nothing to do with the underlying supply and demand. the securities that they're supposed to be trading raking huge rent seeking profits off the top and leaving all the garbage for everybody else and taking that huge profit that they basically at the very least you have to call the moral but again i prefer the financial terrorist sobriquet and they put that into their christmas bonuses speaking of terrorism and also speaking of command and control economy there is one form of communism that all americans love and that's the military industrial complex they really love to support this and this brings me to the final headline about the corruption of the markets and the entire financial system where did the money to rebuild iraq go well you look at this price chart the red is the unaccounted for bit yes apparently the pentagon can't account for nine billion dollars of well the nine point one

billion and iraqi oil money used to rebuild iraq that's correct they lost ninety five percent and they're heroes for having lost all that money and as we found out through wiki leaks this past week. we've got a situation where the u.s. and the u.k. are funding all of the extremism in afghanistan through their proxies in pakistan who are operating on behalf of hedge fund managers on wall street in the city of london i led that piece to the puzzle in other words there's no easier way to make money then by dropping bombs on innocent folks because you make money on the bombs you make money on the industrial complex industrial military complex you make money on the volatility you can buy volatility with the vix option for example if you know you're going to drop a bomb somewhere you simply buy volatility with the vix the v.i.x.

as it's called and you guaranteed to make money that way and the list goes on and on well the audit of the pentagon which found that ninety five percent of the money went missing they have also found no evidence of fraud they say that ninety five percent of money can go missing and there's no fraud. well they are financial terrorists that's who's running the economy in america to start at the top barack obama fellow financial terrorism it's all you stacy ever thanks for being with me contango ing on the kaiser report thank you max more content go coming your way don't go away right after this.

every month we give you the future we hope you understand how we'll get there and bring the best in science and technology from across russia and around the world join your knowledge and update on our g. . welcome back to the kaiser report time now to go to los angeles and talk to internet sensation george hamon juror of survive and thrive t v dot com where he's been chronicling the collapse of america in a gripping and personal fashion george welcome to the kaiser report backs are you doing love your stuff while you closely ok fantastic george along with millions of other americans you became unemployed in two thousand and eight tell us your story

and what to do next i was involved in title insurance to basically the real estate market here for ten years made a very good living how else the coerced the family. everything and when that when we had the subprime mortgage meltdown and the collapse of realist. here in southern california and in other states as well there was no opportunities no real opportunities to make the same type of money so what i did is i survived for quite a while on unemployment like millions of americans and i just started doing you tube being as you know a part time thing just to communicate with other people and i started telling the story of what's going on here so that california and what was happening with the deterioration here locally and i developed a following and started working with a couple different associations one the major one is and i am placed in dot us and . basically i have

a lot of people follow me online wanting to know what's going on on the ground in california and i go out with my camera and i try to detail as much as i can personal stories what's happening to people on the ground how things are changing and that's you know people follow me from all over the country and all over the world california it seems to be were things are hitting first and pretty hard all right so when you're giving up bits of your lifestyle what did you find was the most difficult to give up it's almost like you don't have a choice when you it's not like you're going to choose to give ups something it's more like the income just stops coming in and it becomes a juggling act you know the bills keep coming through the door and you're trying to maintain the appearance of a middle class lifestyle upper middle class lifestyle and you start borrowing from credit cards you start trying to use

a juggling act and then what happens is things start breaking you know a car breaks down or you can't make that payment on the mortgage and then you go through a series of severe anxiety and depression because you're trying to deal with all this massive chain. and of course the end result will be total devastation and you create it and. losing your house losing your transportation and then dealing with all the family issues that have to do with that because a lot of their homes you know the children or the spouse don't understand what's happening they just want you to go out there get the same type of job have the same type of lifestyle and it's just not physically possible so what's happening is there's just a huge amount of strife right now with the families i mean we're seeing breakups in families i mean children being separated from their parents because people will put up the children but they won't put the parents that's what's happened next is

really it becomes an anxiety depression issue because the stress level of it all and then of course if you go to the doctor the first thing they tell you is well here's some medication now it's interesting watching it from abroad. the wealthy in america are scapegoating the poor and of course we saw that during nazi germany when the nazis essentially confiscated the wealth of a large minority population in germany we're seeing that now in america the minority of bankers on wall street are confiscating the wealth of millions of americans to provide them with their annual christmas bonuses and to justify this they need a scapegoat they need to vilify the poor and the immigrants and to turn them into the enemy and you also see this often in the mainstream financial news is the need for people to get jobs and to get decent wages of is always portrayed as something

that needs to be addressed by the white house those uppity workers want to get real jobs and we need to we need to stop them from in encroaching on the wealthy bankers who are so far under obama anyway no one's stopped them from continuing on the program of destruction you. no right now there's a big illegal immigrant sentiment. illegal immigrant sentiment in the country in california also but you know the illegal immigrants have been hit very very hard. but not as hard as the middle class because though we had a bailout for the big six there is a nother bail out going on for the very low class here in america they can sign up to you know sixty eight hundred dollars of food stamps they can get section eight housing they what they do is they're involved a lot of times in the black market you know landscaping things that are paid underneath the table then what they will do is go ahead the go to the social

service programs that are now available in california and they'll get you know subsidized food food stamps which you know what are all time high they'll get subsidized housing they go to public schools so what's happening is there's a safety net for the illegal immigrants in the very very poor in this country and sometimes they're actually doing better than the middle to lower class because the working poor in america the middle class working poor they're not getting these types of benefits so you're actually seeing kind of a weird paradox out here in california where people that are working in the black market or or are not really working living a better lifestyle than someone working you know forty hours a week at ten dollars an hour they're actually suffering more than the people at the very lower strata of the economy it's very strange right the new american dream is to be an indentured servant so george hamon gerard tell us

a little bit about the the malls my understanding is what i as you've documented in spoken about there's an increased security presence there and as there is violence there tells a lot about about what's going on what's happening in southern california is you're seeing something akin to the. world with regards to security they're having to place additional security in places that they haven't had to before so what you're seeing is more crime more people breaking into cars more theft and when that is you know stories of people being accosted what you're seeing is when you go out here in southern california at least in my area the inland empire eighty percent of the time you're going to be accosted by someone looking for money they're either begging for money they're sitting on the side while you're white or

while you're pumping gas what i'm seeing more and more is people being more aggressive towards others when it comes to seeking additional income and i'm hearing that that there's more crime more security with the three strikes law a lot of these criminals are going to become more violent because they have nothing to lose if they get the third strike you're talking twenty five years in jail so they're going to they're going to do whatever they can to you know not be caught by the police or caught by security and what we're almost a learning is security is nothing but a witness here in california they will not do anything to protect you they're there just as a witness and the police don't want you to protect yourself they just want you to call them and they will take care of it for you because i had that happen personally where there have been a security threat in the back of my yard and the police told me do not engage anybody because if you do something unreasonable meaning if you use force in

what they deem an unreasonable way they will take you to jail so effectively they're they've taken our right to protect ourselves at least in my part of california from the police i've talked to right once again. rosen some of the basic human rights and civil rights now just to put your story into perspective two years ago you basically saw the handwriting on the wall and you saw this collapse coming you basically downsized yourself to absolute zero you went off the grid completely now two years later by acting and working basically as a citizen journalist and by posting your videos on you tube what's our cars are connected to google ad sense they generate some ad revenues you are in fact as your website infers thriving surviving and thriving so is that is that

a fair characterization of what what you're up to at the moment yeah i wouldn't say entirely through i mean i still haven't reached the income levels that would that i had when i was working and mortgage and title insurance that was a small amount i'm a contender anima so what i am the situation i am now is that i've cut back all expenses i've cut back everything where now we pay everything cash we got anything dealing with credit you know just go on and now i have this huge opportunity where i'm doing you tube videos i'm getting paid for that i'm working with inflation dot us they sponsor me as well and then i'm also working on a couple projects where we're working with local businesses to get up on you tube and to you know basically promote the whole idea of you know talking with customers through video so you know i keep exploring new things and it's just great to have the internet to turn to as an opportunity as an income source and i think that's going to be happening more and more i mean businesses that have to pay for

infrastructure costs are going to go by the way excited because everything can be done online culture isn't there but anything that can be done in the real world can be done online i mean you're showing it right now we're talking to someone from france we're doing a show it's just amazing what's happening with the revolution online of course your store. jar germans are mirrors the story of the state of california itself that finds itself now completely dead in its one of the coma states california oregon michigan and arizona that are suffering from enormous debts and they're going bankrupt so is this some parallel you see here i don't really see a parallel what i see is is no former or you know liberal. newspapers like the l.a. times are now doing investigative journalism they wrote that big story with the city of bell where the city manager is being paid eight hundred thousand dollars a year and city council people are going over one hundred thousand dollars a year for twenty one meeting

a month and what you're seeing is genuine genuine anger by the people i mean people came out in mass in the city of bell people outside of the city in which you see is slowly. the people going after government officials that are just being paid these extravagant amounts and the word on the street this happened to me in a restaurant yesterday people are talking about oh let's let's vote them out of course you're saying that but they're talking about i mean violence i mean the i was talking with the restaurant on a gentleman just popped in said you know we need to do we need to get rid of all these guys i mean violently so that's the new kind of cultural thing out of people are so upset they don't know what to do so they're physically going to the cities and they're they're going after these guys and you know what the the city manager the all the people they were. shouting salaries they ran they ran away to their huntington beach million dollar home or their ranch estates so what you're seeing

is kind of like a mini revolution developing the people are starting to wake up and they're attacking these just outrageous salaries by some of these city employees on the other hand axe there's also going to be. blowback from i think what's happening is the state and the cities are going to now start going after the taxpayers in incredible ways that we've never even thought of before here locally you know street cleaning it's no big deal they would go around my car before now they have two or three hybrid cars following the street sweepers just ticketing everybody in sight sure fifty dollar tickets but some of the traffic light to get out here you're talking five hundred dollars for a traffic light ticket so you're going to see in this in california it's like a reverse thing i mean all the people are going after the government but the

government the same time is actively going after the people so we're it is i don't know but i can tell you a lot of people had it up to here wow revelation sounds exciting george damager thanks so much for being on the. as a report take care max i will get one all right notes about going to do it for this edition of the kaiser report i want to thank stacy herbert and i want to thank my guest george damager and if you want to send me an e-mail please do so at kaiser report r t t v are you till next time this is max kaiser saying buy up.

quite. up in smoke a russian air base is reportedly destroyed along with millions of dollars of military hardware in deadly fires triggered by the intense. jewish homeland israel's government stands accused of blatant racism and passing increasingly discriminatory walls. and throwing

a lifeline the russian government's much needed drying to update chechnya is medical facilities to help the seriously ill in the caucuses also this hour. coming up in the business update the managing class develops there the mining giant nickel as president of a hold on a policy to help go to dispute what has details on that story and a lot more in about twenty minutes time. a warm welcome to you it's four pm in moscow and this is our t. coming to you live with me and he said no way first stop a military air base in the moscow region has reportedly fallen victim to wildfires raging in parts of central russia hundreds of aircraft are said to be destroyed along with millions of dollars of hardware at the facility one hundred kilometers

from the capital the forest fires sparked by the unprecedented heat wave have claimed more than forty lives. is in moscow which is under a blanket of heavy small and also peter all over is looking into the reports of the airbase fire. this ep ace in moscow region had been quite full of victim to the fire as you say an area over around one hundred hector is completely wiped out in just ten minutes as the place went through destroying two hundred aircraft around twenty billion dollars worth of hardware now base hardway is much needed at the moment the military very heavily involved in the operation to try and put out fires around russia not just here in the most go region but in the loss of that of the hard way of that equipment waits to be seen just how much of an effect that will have upon it it's not just here in the moscow region where did they fire as a raging across russia seven regions across the country.