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tv   [untitled]  RT  August 9, 2010 7:01pm-7:31pm EDT

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got the first time we only got seven hundred billion the first time we want a trillion or two trillion i think it's a good point the wall street bankers are setting the moral agenda in the american landscape and there's no leadership in white house to counter that with any kind of moral leadership whatsoever they outsource their morality to wall street and wall street of course is a cesspool well that brings us to the main headline deflationary blackhole the sequel who will wall street sent to congress to extort fifteen trillion this time this is the headline from you but you're talking about two headlines here i am math u.s. real estate sector could bring banking crisis two point zero and banking system on verge of new crisis according to a hedge fund manager in the u.k. so this is a hedge fund manager in the u.k. is no star capital and they've taken a massive short positions against a bunch of european banks because first of all they believe that the so-called stress test on the banks here were totally bogus that there are for example six
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percent of here one capital in these banks but actually less than two percent well we've got the whole crisis started was a collapse in the real estate market as a result of wall street kanzi finance scheming and to try to clean up all that bad mortgage paper washington and the federal reserve did a deal where they put on the federal reserve balance sheet trillions of dollars of bad debt turns out the bad debt is even worse than they thought and there's another many more trillion on the banks' balance sheet so we're going to talk about another down leg of the real estate market china by the way their stress test assume a sixty percent mark down in real estate they're doing real stress tests but the u.s. and the u.k. these european banks are not doing real stress tests another huge downlink for real estate which means as you point out another huge extortion narry confronted with congress for another ten to fifteen trillion in money to bail out these guys. but
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the i.m.f. and then this hedge fund in the u.k. are saying it's the biggest danger is however the u.s. housing market and we've warned about this for quite awhile too because remember it was the subprime mortgage crisis that happened first and those were the very bottom of the mortgage lending ranks and the next leg is the old a it's called these are you know also liar loans but they're from the upper middle class allegedly upper middle class so they were allowed to have bigger mortgages and these you can see in the charts here that credit suisse in february was warning and you see the charts were in that very first rise up and then there's a little bit of a lol in the towards the end of the year in terms of resets on these mortgages but next year you see this giant everest like mountain of resets coming the fault is with the banks not the people borrowing the money if the casino who has given you chips to go bet if they take your money and they bet it on some global casino
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racket the derivatives market they lose money it's not for the casino then to go back to the customer where they stole the money from to begin with and tell them that's their fault and to beat them opt in to steal more of their money no they made the mistake these wall street banks are these washington politicians who stole the money from the retail borrower to begin with and then blew it on the global derivatives casino exchange they're now saying well it's not it's the fault of the people who bought all the money to begin with no it's not their fault is your fault because you're an idiot for having stolen the money to begin with and then blowing it gabbling on the global derivatives market you're you're a you're a derivative of pawlik you're a gamble hall of goldman sachs j.p. morgan b.p. being the perry bank the whole lot of you you should all go into rehab because your gamble all x. and just locked up for years until you learn to overcome your gambling addiction well max another sign that we may be about to encounter a sec. the heist of the u.s.
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taxpayer is this headline market data firm spots the tracks of bizarre robot trader now mysterious impossible in the ferias trading algorithms are operating every minute of every day in the nation's stock exchanges and this is according to this chart you see here and this is compiled by mannix a data services firm that has put together all the background noise happening in the markets and those are algorithms trading there that's right robot traders algorithmic traders that are programmed to commit larceny in the name of neil liberalism or some other out of date ideology for me fundamentalist bankers on wall street who are willing to blow themselves up there are suicide bankers they use these these are like drones when they send the drones into afghanistan or some other country they just kill people without any regard to what they're doing they're just blindly killing people wall street has these robotic training robots
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that are executing trains that are designed to steal money they don't care who they steal the money from even from themselves yes but max the article that we're discussing here they speak to several professors that say you panned a very famous business school and none of them critics understand what this constant her like thing is now i have a theory that it's perhaps even the u.s. government just giving a heartbeat to the markets that are effectively dead there's nothing there unless other than this artificial heart what we know that seventy percent of the trading activity in the new york stock exchange is program trading and all of it is they set up accounts and they have these robots trading with each other and as i wrote wrote about on a blog you see as part of this new model of the whole graphic pricing wall street first picks a price and then they have the robots fill in the trades to get to that price it's a complete opposite of free market capitalism or the buyer of the sellers come together and the result is the price no. that's not the way it works anymore now
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the price is set first by the corrupt bankers on wall street then the bodies of the cells are filled in by computers after the fact to make it look like that price is legitimate when it wasn't legitimate it's a commanding control centrally planned kleptocracy run out of wall street the city of london for a few people it's killing society it's killing the ecology but also if you look again at this chart like the consonants the heart beat like quality of this and i think perhaps you could look at maybe the may sixth flash crash you know thousand point drop in the dow as perhaps a forerunner to see how terrorize the population would be and what they would be willing to accept under those circumstances so are you just being lulled into this false sense of a genuine constant heartbeat that they could then pull the plug on and it creates panic that's exactly what happened on may sixth the computers went through a glitch the buying and sun with each other evaporated and stocks hit a vacuum and drop six one thousand points in fifteen minutes so we've got
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a frankenstein monster stalking the global economy that's program to commit larceny and to disrupt the economies around the world for him the robotic itself is without a conscience explains that there was actually another kind of test run on july sixteenth in a quiet hour before the markets even opened suddenly he saw a huge spike in bandwidth on his own system monitoring this algorithm there when they looked at the data they found that eighty four thousand quotes for each of three hundred stocks have been made in under twenty seconds he says quote this all happened pre-market when volume is low but if this kind of burst had come in at a time when we were getting hit hardest i guarantee it would have caused delays in the central quotation system well examine that statement they were doing trades quote before the market opens ok that's absurd. and i mean before the market opens
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the market opens and trading commences based on legitimate buyers and legitimate sellers looking to transact business you can't have trades before the market opens unless you're using phantom traders phantom money phantom money from the fed phantom money from the treasury and you're rigging the market like a casino and you answer only to yourself and you run the system out of washington to wall street oh and by the way you're a psychotic gamble halling with unlimited credit and zero percent interest rate and you pay nothing for commissions and so it's amazing that goldman sachs doesn't make more money i mean given that circumstance is a recess monkey could make a billion dollars just by getting like this you know basically what are they doing it's just they're pleasuring themselves you know using the market as a as a mechanism to do so it's absolutely pornography it's financial pornography as we've discussed on this show these guys are basically the equivalent morally of the most average elements of society lloyd blankfein i should be going door to door and
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telling people today we heard that he's a moral pornographer and a financial pornographer and let people know in his neighborhood that somebody in their neighborhood lives in their neighborhood who's a financial pornographer well if you you did mention washington and i have this final headline extend for ten and the obama administration's failed foreclosure program so yes it turns out that the obama administration is using the exact same methodology of the wall street banks basically accounting fraud it's just extended to ten none of the bad debts have gone way where the monster is being kept alive by an algorithm that creates a false heartbeat risa characterized the same ungodly mass of paper that they say has value of one hundred cents on the dollar but really is worth about zero cents on the dollar just keep rolling it forward pretending it's there you know it's like that huge toxic plastic waste dump in the middle the pacific ocean or how about the dead zone now in the gulf of. mexico thanks to b.p.
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it's a financial dead zone that they keep rolling over and bernanke to keep rates near zero because he's part of the psychotic gang of financial terrorist ben bernanke inc all right stacy herbert thanks so much for being on the cars the report thank you max don't go away when we come back we'll be speaking with someone who actually has got some ideas for you to protect yourself against financial terrorism so stay there. discoveries. communicate with the wind. and become free.
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see what nature can give you. first creepy removal call the clear cut. second explosives are used to blast to the earth in the piers. heard the remains are made by machinery. finally easy some more good soil is deposited in valley feed. on our. welcome back to the kaiser report time now to go to amsterdam to talk with breck yeah vandar ak documentary filmmaker whose most recent film is time for change on the pro international in the netherlands a film travels from barcelona to lafayette to carson to look at people responding
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to the banking crisis by taking matters into their own hands i just saw the film again recently it's really a remarkable piece of filmmaking welcome to the show. all right tell us about time for change why did you make it and what did you discover along the way well it kind of started working on the project because i felt that. parts of the crisis the economic crisis are under reported that we hear not about what's happening to financial institutions and said to finance but i think one of the things we don't hear so much about is what people are durie to kind of reinvent their life now did they don't trust financial institutions anymore and i think i know where your world you see people taking initiatives and coming up with kind of alternative structures not to depend on financial institutions and own currencies anymore that's right there is certainly a need to perpetrate
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a certain method in terms of how the system can operate and can only operate a certain way and what the film discovers is that there are many ways to operate crossing many different cultures civilisations and historically now let's talk about what's going on in jakarta the golden arm of the silver during very interesting because this is exactly what libertarians and ron paul like ron paul in the united states are talking about the only real true example of it isn't islamic jakarta tell us about it right well i think it's not the only example because worldwide that you're here probably know there are thousands of local currency system that are trying to to experiment with their currency get these not connected to the local financial system and that will work for a local community but i was interested in in the girl dinar and the silver deerhound because they are connected to islam in islam it's not marginal phenomenon that's real no you know it's it's a one billion population really right and. enjoy
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a car tire and i met same saidee and he's a journalist public affairs and you know what he said thinker and he's been working on this project for introducing the deer home and to being our sort of gold and silver currency in a kind of general matter based. thinking and the idea is for him it's both political and religious and he feels that now gold is too much in the hand to reach people. there's been a little inflation in indonesia so another poor people are seeing paper money working hard to earn a little bit of their paper money back then as they say don't have it's kind of not worth much anymore after a year or two it looses already twenty percent of its value so let me saying this you know why don't you buy gold currency and why did you buy silver currency and then we you it will keep its value right so this is this debate in america right now between inflation and deflation the wall street journal recently saying
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basically that the deflation camp has won the day but in other countries like. in jakarta inflation that is to say the debasement of the paper money is running rampant and exactly what you'd expect would happen is happening the purchasing power is collapsing and you find out some smart entrepreneurs' have taken the role what should be the central bank and taken it out of themselves they've introduced their own gold and silver coins this is what they use as a medium of exchange they are maintaining their purchasing power as the the man in the film says that the the gold dinar could buy him i believe it was two goats going back several years even even fifty or one hundred years and today that same gold are can still buy two goats so in other words that the currency maintains its purchasing power and it's right there alive in jakarta and as you point out this is
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the remarkable thing because shariah law islamic law has always looked down on usury money lending i think i would just think it is not just smart entrepreneurs trying to make an investment decision or help people you know think about where to store it our surplus money it's really also a kind of moral and political few points to to islam and to the qur'an says that money should not be purchased all its money is exchanged fairly or it should be. used to exchange groups you know virtual reality so also does i.b.m. you sure to mention it's very strong and it's now their money cannot be used to make more money you know money is just a means of exchange so in bringing in the gold and silver standard again he's saying look this is work really what money is it should be used to exchange goods is just a means nothing end in itself so it has a moral and political connotation it's well yes it's remarkable because right there in the united states constitution it says no money shall be of any medium other
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than gold and silver it's hard coded because america revolted against britain to get away from the bank of england to get away from fractional reserve funny money that's part of the reason as brant franklin said the primary reason that they started the united states of america now they're enslaved by a federal reserve system that's not even owned by america it's owned by foreign interests and now of course in america the entire islamic culture and religion have been completely vilified but as you point out in the qur'an they say things that are exactly in the u.s. constitution they recognize gold and money is the only viable medium of exchange that wall prevent the kind of ponzi scheme market manipulation insider trading we see in wall street the city of london perpetrated by the the shocks and the shocks you know associates down there at the various banks that we always talk about so it's remarkable to me that ron paul if he were really to be honest is that hearing
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to the tenants of the qur'an is it clear exactly and also interested it's not allowed to turkey interest in correctly exactly and this is interesting also in this law nick world because to try to keep up with various banks around the world they've called in the mood to try to interpret cronic law to see whether they couldn't create derivatives to to go. no with that so there is a market for a move to try and look at this stuff but one of the reasons why these banks these are slamming banks say out through the crisis of the past two or three years is because for this very reason they weren't stacked up with all these hundreds of billions and trillions and derivatives now let's move on regarding these parallel banking systems the analyst you speak to in the film he concludes the following we're going to play a little ten second clip let's play that clip right now the terms we have knowledge between testing banks or testing people most people can still hate banks but they
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trust them more. than the clip just says something interesting that people even though they hate bankers they trust bankers more than they do their neighbor now i've got my thoughts on this but speak a little bit about this place well i think it's my new car sales a sociologist who is saying this and i think that he sees from all kind of empirical research that people are losing trust in institutions not just in financial institutions but also in political institutions they go to quote the last and they felt very predictably they felt put it in and out of power you know by the year it changed loyalties and alliances because they don't trust institutions but then the question is always what is still turned it to you know can we do without and can we do without banks can we do without well it exploded titian's it's hard to imagine that you're an idiot and one of two reasons it's hard to imagine is that
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to rebuild a different structure means that you have to rebuild it we your neighbors. we see your community i mean your community and that's not something that we've been doing much lately most of us especially not the nice western part of the world in europe and in america so in a way i think we face losing person institutions we should i guess. involving the process of rebuilding trust in each other in our neighbors but this is something that's going to take a long time because i think you know many people have gotten out of step with their neighborhoods most of us live in cities now more they have to work of creation then it's not so easy to imagine community building from the ground up and i have been doing a new documentary no st louis where you actually do see a lot of people trying you know you see people starting to build new communities that are based on the idea that they don't want to be pinned on the system so to
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say so people buying homes that have been for clothes for a very narrow price starting urban farms starting problem you starting getting to care you know child care services share responsibility for tier child care trying to get away from using cars using bikes more leaping more you know quickly and eating food that is grown locally and you know way too meager sounds like you know going back but in another way it's maybe back to the future because i think to go forwards on the practive we're going to see that very clearly in the centuries it's a dead end street you know it will and so i think those who are able to prepare themselves will turn their systems or need to place a place where they will be better off i remember a story recently of a garden an urban garden and compton a ghetto in los angeles that was ripped up and paved over and the government came in and destroyed it and the government knows that if they stir up hate that they can control the population and they can charge rent their rent seekers because the
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government has now merged the banks and the banks are pernicious predatory rent seekers and they'll do it any way they possibly can so it's not that people are not naturally going to gravitate toward solve sustaining communities that's in their d.n.a. the problem is they've got you've got kleptocrats running the government in america and other countries around the world who are hell. bent on destroying any community sustainable programs so no matter how many gardens you start no matter how many soup kitchens and health care and community classes that you begin you still have to deal with the gestapo that is the u.s. government storm jumping in and destroying it in your face because they don't make hatred makes money for them they make more money on hate then than anything else so how do you how do you deal with that i don't necessarily feel that's the case because i think a merica when i signed also ensures government is much less
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powerful over people's lives daily lives than it is it's also offering his services stock offering very good probably get a cation it's not offering your very good public transportation system and people are not willing to pay more taxes to have to that but the other side of that that there is more freedom and there definitely is a possibility i think to cut yourself more you loose from the system and to organize think the way you want and i interviewed one growing that i think she's kind of a visionary she said you know it's always better to apologize and to ask permission so that's what a lot of people are doing and i said i said it's under reported it's not so much in the media but another of people are doing this on the very next kill they're just doing things that are hurting on the illegal that are not necessarily legal or even written about in laws and they're just inventing new lifestyles and it's not so easy to to stormtrooper in and get rid of that you know i mean how do you know
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first of all if it's not it's not registered it's just starting on a very small scale and you know doing it so i don't know we have to see it's hard to to really predict how this will go and i think you'll react and there is also something back you know not so much the political power of the people this is definitely not in america but i think the kind of power of consumers and of mentality change you know. if people really don't trust banks and don't trust institutions i think it's some point but if you have to react and something will slowly ships you know i mean but if you don't react people will find every race to deal with their well i mean there was a utopian vision once two hundred thirty years ago called america now it's controlled by the kleptocrats it's all gone and so i just see this cycle repeating again and again until you do what iceland i think i saw as an intern story but we can't we don't have time to talk about that today break you have under attack thanks so much for being on the kaiser report today already and that's going to do
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it for this edition of the kaiser report i want to thank stacy herbert and i want to thank my guest brekky avenger hack and so next time this is max kaiser wishing you all don't forget i mean email if you want to study one the address is kaiser report at r t t v are you until next time thanks guys are saying bio. unknown to.
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me in vietnam military. debatable in international hutto on the way. to. the intercontinental and the. shirts and family who built the oprah so said grant totally so doing this we turn the. grill so we go into town to rebuild shirts and so we go. in the believes he's available in the resort and spa.
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three thirty am here in the russian capital thanks for being with us here on our teeth these are your headlines hundreds of wildfires still burning across central russia situation is stable and contained according to authorities but they warn that could change at any moment fifty two people have died around two thousand have lost their homes several countries have sent a quick mint in specialists to help battle the fires. meanwhile the death rate in the russian capital has doubled this season compared to the monthly average according to moscow's health department doctors blame the concentration of harmful particles in the air coming from the forest fires they advise anyone in the area to wear a mask when outside and drink plenty of water emergencies ministry plans to extinguish all the fires in moscow region in the next few days. and japan calls for a nuclear free world on the sixty fifth anniversary of the atomic bomb being dropped on nagasaki representatives from more than thirty nations gathered with
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survivors to remember the more than two hundred thousand people that died the u.s. did not send a representative to nagasaki as they did for the ceremony earlier in the hiroshima . next we travel to the caucasus to explore the beauty of the north a sense here national nature reserve that's coming your way next in our special report. among the snowy peaks gorges rocks of the greater caucasian mountain range the republic of north. high in the mountains where venture. lives on untouched. habitat. and other animals is closely here. from the top of the rivers rushing to hundreds of streams which turn into endless waterfalls.
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but attracts many rock climbers they can make their own route among the rocks canyons and mountain tops up to four thousand meters. in spring time the weather here can change several times and it. is slowly coming to life. the first flowers to welcome the warmth of spring the tiny blossoms lurk in last year's grass. the alligator gorge the river is the reserves main waterway water is only just beginning to flood its wide .

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