credit collapse and money supply is throwing the world into a deflationary spiral and now the question is what's next but let's talk a little bit more about some zombies and some vampires and some walking dead people stacey herbert stacy herbert talk to us about what's going on out there well max you mentioned deflation and of course japan is the deflationary king they've had a lost decade which has gone on now for about twenty one years first headline is from there tokyo's oldest man had been dead for thirty years yes so again cato on his one hundred eleventh birthday was considered the oldest man in tokyo until a government official showed up to congratulate him and found his mummified corpse now this is a key story because it ties the deflation in japan with this dead person and now we're going to talk about another guy who some consider to be

the walking dead or exam be i think this is where we're going with this tell the people alan greenspan the financial system is broken so this is an interview from n.b.c.'s meet the press and greenspan first of all he was asked about the conservative you know the republicans argument that the tax cuts for the rich need to stay in place because they even though add forty billion to the deficit that they'll pay for themselves well greenspan first says they do not i'm very much in favor of tax cuts but not with borrowed money and the problem that we have gotten into in recent years is spending programs with borrowed money tax cuts with borrowed money and at the end of the day that proves disastrous yes the borrowed money is simply been shuttled off to off balance sheet entities and it's not included in the national statistical reporting. about let's say g.d.p.

people don't realize it for every dollar of g.d.p. that has been grown in the u.s. economy the past fifteen to twenty years has taken more and more units or dollars of debt to the point where just recently something like ten dollars of debt was needed to just create one lousy dollar of really you can't even call it g.d.p. really because the interest on the debt is now getting to be bigger than any the combined income of the entire country that's correct and you know this also ties in however as alan greenspan is basically suggesting there of the what i call the republican theory of relativity so deficits matter as you see them screeching right now about barack obama's deficits that are spending on population or social programs but deficits don't matter they say when it applies to tax cuts for helping the rich but it turns out in this case it actually does the laws the same laws apply to both sides well they also say that deficits don't matter or government

spending socialism is not good for welfare programs for the poor but it's good if it's for a war which is another form of government spending it doesn't matter what they're spending it on it's still government money right the pentagon is the biggest welfare bum there is in america and it's like the heisenberg principle you know from particle physics you don't know whether a particle is moving want to wreck sion or. you know the direction we don't know it's location and here a word like debt it means one thing to one group of special interests the government or welfare means something to these folks but in the another context which would mean some benefits accruing to the population then suddenly words like welfare mean something completely different and this is the amazing re the invention of words and language. when america so that we don't really know what

people are saying anymore when obama opens his mouth what comes out makes no sense because they've deluded the value of words so horribly now to america where words like debt and g.d.p. and welfare and defense and home security they mean exactly the opposite of what obama's thinks they may or they just don't mean anything at all has become like more infant teil than even a romper room you know that's a childhood show from the one nine hundred sixty s. he's like that woman in romper room she looks through the every day at the children and said i see special interest groups i see the tobacco industry i see the oil industry i'm the believing the romper room kindergarten school of public policy that guy is a completely empty suit but this ties in with that first story of the the economy has been dead for thirty years we've been living with a lot of passion and a lot of debate about whether deficits matter if it's given to poor people or for it's given to rich people turn to

a little clip here when the interviewer asks alan greenspan about interest rates and whether keeping them low will help cause inflation because they all agree that they need inflation because we're going through this deflationary collapse akin to what japan is suffering from there is no doubt that the federal funds rate that is the great produced by the federal reserve can be fixed over the fed wanted to be part of the government has no control over its long term interest rates or long term interest rates are worth the economy. and if this budget problem eventually merges to the point we're going to become very talks or it will be reflected in rising long term interest rates rugs removed roots lower homes are at the moment there was no sign of that basically because in for michel some steam is broke and you come on inflation differential. through my work yes the financial system is

broke in its color lapsed and it died so it's a walking zombie they call the japan the zombie economy they call japanese bank zombie banks now in america it's a zombie economy as well with dead zombie banks citi group is a zombie bank the stock has just uses a whipping post a whipping boy for as funds to manipulate up and down twenty five cents one day and down twenty five cents the next day pure inside information to market manipulation governor bernanke and the head of citigroup in vain they're involved in a wholesale market elation every single day though nobody doubts that so greenspan admits that the markets are dead the financial system is dead now this takes me to another republican named david stockman and he was the director of of the office of management and budget from one thousand nine hundred eighty five under ronald reagan he writes in the new york times for defamations of the apocalypse

and basically he's attacking the republicans for causing this disaster that we now have he says for decades now republican policy has amounted to little more than money printing and deficit finance vulgar kinsey ism robed in the ideological vestments of the prosperous class and the number one reason he gives for why republican policy is so deformed is going off the gold standard that's a trifecta in one hundred seventy one which is forty years ago without a gold standard you're all you have is free currency fractional reserve banking and fraud and it led to a monstrosity on wall street the godzilla the freak show that is goldman sachs stocking the global financial world fire breathing fraudulent market making psychopaths well he says that dropping of the gold standard has allowed america to quote live beyond its means as a nation for nearly forty years our cumulative current. count deficit the combined

shortfall on our trade in goods services and income has recently eight trillion that's borrowed prosperity on an epic scale but as david stockman points out once government officials and the country was no longer having to you know the responsibility of maintaining the value of their currency everybody became just reckless and of course it also allowed the building of the neo conservative movement which is even bigger government than what the democrats should actually are so they were all for huge expansion of warfare state there's a mess of situation going on in terms of central banks and game theory you know john nash equilibrium point the game theory is being enacted on a massive scale the first country that introduces a gold backed currency that currency will immediately rise to the top of the currency heap and every other country will have to follow suit or be left behind so

we talked about dead people and dead economies and here is more evidence of this in the united states and this economy that was created by the likes of alan greenspan and david stockman comcast to customer pay us zero dollars and zero cents or will cancel your service so this is from gizmodo dot com and they are recalling and they they post a picture of this bill where a customer of comcast this big giant telecoms group in america received a bill for zero cents and said you know pay up now you know it's the tents or we'll cut off your service this customer happened to call comcast and resolved it another customer of charter communication another company had the same exact situation happened to him but he just ignored it because he's like how do i pay zero cents right it must be a mistake and they know it now they cut off his service because he failed to send an a zero cents. and charging twenty five dollars for cutting off the service well this

goes back to a famous case a few years ago with america online famously kept charging a dead person for their monthly service and the family kept calling up every month you know cut off this charge he's dead but they kept saying no no he's not dead unless we say he's dead but it also fits in with your theory about what the future will hold with this virtual economy and if you can you can see this happening more and more your account is erode and therefore you're not in debt you don't have the credits which are actually available online and so therefore you are you are bad you're going to be cut off from the system well this is something i think that's coming is that as you see more and more the dollar being really left aside and other currencies embraced you will also see alternative currencies a virtual currencies embraced which will tie into this huge network and social networking sites like facebook with their own virtual currency and five hundred million users they have the ability to generate their own credits their own virtual

currency and this will be really an economic theme as we pointed out on the show before going forward the next six months and then finally meet the first big exec to pay for quote unintentionally defrauding during the credit crisis yes this is the former c f o of citibank he's just paid a one hundred thousand dollars fine for unintentionally defrauding customers of citibank unintentionally defrauding though they know this is a rise remember oliver north the committed plausible deniability i remember when i was involved the iran contra scam under the under in the reagan years you know they didn't want to say he was guilty but he was plausibly he could plausibly deny his guilt so here you have a sister who is a spanker gary crittenden he's saying that he's got fraudulence well how did the phrase a unintentionally defrauding this is what the f.c.c. . charged him with he paid

a one hundred thousand dollars fine he himself his last year of employment at citi bank last year made twenty million dollars so of that he paid one hundred thousand dollars for the actual investors with citi bank's cd shows which is the case in this particular instance they lost billions and billions of dollars right unintentionally defrauding and like i said earlier that words mean nothing anymore in the united states you can't you can adjudicate a law if the words mean nothing you can't report on financial news if every single financial figures cooked it is a statistical basically phantasmagorical you know shadow banking system and it means nothing and where is the leadership where is the leadership nobody soem lights are on nobody's ok so you see eric thanks so much for being on the kaiser report thank you max and that's going to do it for this out of the show stay with us plenty more coming your way the kaiser reports.

every month we give you the future we hope you understand how we'll get there and. the best in science and technology from across russia and around the world joins you know when you know on r.g.p. . all right welcome back to the kaiser report all right now we've got a special guest this is about as close as i'll come to being on the sea shepherd up there in the fighting the japanese whaling fleet welcome please from los angeles captain paul watson the founder and president of the sea shepherd conservation society a direct action marine conservation group whose war with the japanese whalers can.

be seen every week on the hugely popular will wars on animal planet welcome to show captain paul watson well thank you now captain watson japan's whaling season there catch for the year was cut by fifty percent over the previous season tell us about the sea shepherd its role in making that happen well i set the sea shepherd conservation society up not as a protest organization but as an interventionist group to go after poachers are illegal fishing or illegal whaling operations and that's what we've been doing since well one thousand nine hundred seventy seven really and we started going after the japanese fleet in two thousand and two then we had to come back we weren't able to come back until two thousand and five but since two thousand and five we've been down there every season intervening and the object is to cut their quotas to negate their profits now let's talk about the contrast your approach with other let's go it's call the environmentalists. remember hearing you talk about

this and saying it's ok to take a moral position it's ok to take them to court but unless you attack their bottom line unless you tack them economically you're really spinning your wheels is that a fair statement well australia is taking japan to court but they've been in the process of doing that for years and still haven't been able to do it and it's not really getting anywhere protest certainly isn't getting anywhere japan is targeting endangered and protected whales in an established international whale sanctuary in violation of a global moratorium on waylaid and in violation of the at our treaty end there in contempt of the australian federal court for killing whales the australian antarctic territory this is a criminal operation they're no different than elephant poacher's of africa are no different the drug dealers really this is a criminal operation and that's what we're trying to intervene against ok so the nisshin maru the big mother ship of this japanese whaling fleet they're out there as you say they're violating international law. it's a bit of

a lawless area of the world's waterways and it kind of cuts both ways your way your actions are some could construe are on the aggressive side as well but nevertheless at the end of the year at some point the japanese whaling at some point it's just not economic for them to go out anymore and then forget about the moral certainty or the legal justification is just it doesn't make any economic sense for them to go out there and well this message this economic message how come it doesn't filter out to other groups that are pressuring various other. transgressors if you will who are who are who are destroying the environment you this very simple economic message back home nobody else seems to get it captain paul watson i'm not really sure but i have found over the years that the most successful approaches is the economic one with the canadian seal hunt with the legal fishing operations we intervene we cut their profits in the galapagos for instance we've seized two

hundred thousand shark fins we busted the shark fin mafia wide open and exposed the corruption down there that supports it and it's cost them a lot of money and which appear and i think the only reason the whaling fleet continues to survive is because of massive subsidies by the japanese government but there are well over one hundred fifty million dollars in debt and subsidies to japan right now i don't know how much longer japan will continue to subsidize them but we're going to keep that kind of pressure on it's a one language they understand profit and loss and every will that we save costs the world well but a quarter of a billion dollars so not only are they. out there murdering these creatures they're also a government welfare bums apparently to add to the list of transgressions now you're a captain you've been on the high seas for quite a number of years so let's talk about the ocean ecosystem here a new study suggests that. the oceans have lost forty percent of their final

plankton in the past century talk a little bit about what impact this will have on marine life kind of the oceans as you say if the oceans die we die talk a little bit about the final plankton we have lost about forty percent of the final plankton ninety percent of the large fishes the coral reef systems are deeply in trouble and will not survive probably for more than another two decades the situation the ocean is extremely dire and the fact is that human civilization our very existence depends upon a healthy ocean if the oceans die than when we die it's as simple as that with the pike then although the reduced japan and norway are setting no large drag trawlers to go down to antarctica to pull in plankton to make a cheap protein meal for livestock and they're pulling it out by the hundreds of thousands of tons without any environmental impact as to what the what the consequences will be from removing all of that plankton so we're overfishing every single commercial fishery in the world is in

a state of collapse right now the united nations predicts that by twenty forty eight there will be no more commercial fishing i think it will be much sooner than that the problem is that there's really no in force much of international conservation regulations we have all the laws and treaties we need to do this but there's a lack of political and economic will on the part of governments to actually do anything about it the united states for instance could stop whaling to morrow by simply implementing u.s. department of commerce sanctions against japan and norway but every year instead of implementing the sanctions they send a so-called strongly worded letter of protest to japan and norway which are this promptly ignored so anytime we try to do anything to stop these people they have massive lobbies p.r. firms and everything to defend what they're doing and so it's a really a very difficult obstacle to get around but the fact is that they're breaking the law and they're destroying the oceans and we're doing the best we can with the resources available to us to do. slow them down imagine that ninety percent of the

big fish have disappeared tell us about the bluefin tuna in the mediterranean what's the law on fishing tuna who's breaking the law and how are they breaking the law captain paul watson the bluefin tuna should have been listed on the endangered species was the convention of the international trade endangered species this year but the only reason it wasn't was because of boat vote by by china and japan and every single marine species that was to be listed five species of sharks two species of coral the polar bear and the bluefin tuna were not listed and they went ahead with business as usual but it is deeply in trouble it's about there's only fourteen percent of the bluefin tuna population is left and of course one of the breeding areas for the atlantic bluefin is the gulf of mexico so we have no we don't have any information as to what that oil spill has done on the breeding of the bluefin tuna but what we also have here is the thing which i call the economics of extinction that there's money to be made by driving a species extinct mitsubishi has built large refrigerated warehouses in japan

they've already got a stockpile of four year supply bluefin they like to get ten to fifteen year supply the more bluefin that they pack into those warehouses the more diminish they become in the wild this fish one fish is worth seventy five to one hundred twenty five thousand dollars apiece so as the diminish the fish in the wild the value of the commodity in their warehouses goes up and what if they can wipe it out they've got a price that's commodity a million dollar fish and they'll be able to set the price for the next ten to fifteen years and then after that they don't care because the problem is is that fishing operations are no longer run by fishermen the run by corporations for short term investment for short term gain and they really are not interested in the future of the fishery just maximizing the profits from this venture when they get into it right so i like the diamond card tally they simply control the price and they create an artificial price and but this is remarkable you're saying. that they

are perpetrating deliberately and extinction of a species merely to boost the price of the inventory in the warehouse and this is a key part of the food chain that is a key part of the ecosystem and the habitat that humans are interacting with and need to survive so they're making a market ultimately on their own extinction isn't that correct he had diminishment means increase profits extinction means they can set the price they will control what is left it's the same for instance that they're doing with the elephant ivory you know the more ivory they can get into vaults the fewer elephants the greater the price of the commodity ivory so it's. what i call the poet politics and economics of extinction so there you are on the front line battling the the war that really is the only war against the only terrorists and these are the terrorists that are destroying life on planet earth and you're scoring some some

wins in some some battles in the winning column the will war show of course hugely popular the nation maru collision was one of the boats was that the cliffhanger of this season and what we look forward to next season is or what's coming can you give us a little teaser of what you want to expect on january sixth earlier this year the vessel the audi gill our fast interceptor vessel was deliberately hit it was rammed by the shoulder model number two one of the harpoon vessels was cut in half and sunk almost killed six of our people that marco remarkable that nobody was was injured so we lost a three million dollars vessel what's amazing about this is the captain of the shona moderate number two has not been questioned by anybody and i don't know of a case in maritime history where ship has been struck even accidentally where the captain hasn't been questioned australia new zealand investigation but you just simply refuse to cooperate with the investigation and what this means though is that there's this guy. i'm

a green light having gotten away with this we expect in the next season that they will be much more aggressive much more violent towards us over the last five years they've thrown concussion grenades at us they've fired rifles at us they've they've rammed us they've done you know the use this thing called an el red long range acoustical device which is an ear splitting noise which is designed to cause nausea and just orientation and they've actually aimed at our helicopter pilot as well as our deck crew now we respond by hitting them with. bottles full of acid which is simply rotten butter but makes everything horrendously stinky and very difficult for them to operate on deck because the smell we also you know try to slow them down by prop following their propellers and getting in water cannon battles with in this last season we were able to shut them down for forty two days and that meant for the first time we were able to save more whales and they were actually able to kill we say five hundred twenty eight they killed five hundred seven so in the next

season we intend to have a better a better record of that every year we get stronger we get more resources and become more effective all right well fantastic you know this is something that on our show we've talked a lot about the scandals engulfing the global economy and. looking forward to this interview because this is something that is in my opinion the brightest star on the horizon in terms of a group in a man captain paul watson who is actually taking these guys head on and it's an economic war it's a war for survival of the species in many ways captain paul watson thanks so much for being on the kaiser report thank you already and that's going to do it for this edition of the kaiser report i want to thank my guests stacy herbert and of course captain paul watson if you'd like to send me an e-mail please do so at kaiser report it r t t v dot ru until next time this is nice guys are saying bye.

cookies or so it is the rest opposition members as violence returns to the streets of the capital bishkek police used force to break up protesters calling for the

government to step. grueling rescue efforts are underway in russia as wildfires spread across the country during the biggest heat wave on record leaving at least fifty people dead. and for it or against former cia officials say president obama could prevent a war in the middle east they say israel's planning an attack on a roundup will only go through with it with u.s. backing. also coming up in the business that day a severe drought plagues russia's wheat harvest a government imposes a temporary ban on grain exports join us in twenty minutes time. eight pm euro moscow around the world midday in new york city fire in the evening

in london right now wherever you're watching and surround the world welcome it's cover now in with the hour's top stories and police in canada start i've used live rounds and tear gas to break up anti-government protesters just outside the capital bishkek riot police have been on standby opened fire after being attacked. twenty seven people have been arrested accused of being responsible for the violence our correspondent catherine it is out of her is in bishkek tonight with the latest. following a very tense few hours just outside at a checkpoint by the city of cond where there were just a few dozen meters separating riot police and a few thousand of protesters who demanded their requests to be heard and met basically they were calling for otos out the wire the interim president of kurdistan to hear their demands to hear their complaints and take them into account basically after those negotiations didn't seem to go anywhere the leader of all the .