tv [untitled] October 6, 2010 8:00pm-8:30pm EDT
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with mike stronger for a no holds barred look at the global financial headlines cons a report. that thai government said to discuss the fate of the alleged russian arms smuggler victim who was facing extradition to the u.s. this comes after a bangkok court dismissed new charges against the businessman effectively removing the main obstacle to his extradition is wanted in the u.s. on charges of terrorism and money laundering if convicted he could face life in prison. we can't allow ourselves to be out communicated by our enemies the vanguard of us international broadcasting calls for more cash to battle rising media voices from around the world according to the broadcasting board of governors america's voice speaking drowned out by independent foreign media its head has come in for criticism of what's being labeled as was cold war perspective. and
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anger in europe that fresh u.s. demands for data sharing critics say america is violating the privacy of travelers washington is hoping to get its. fingerprints d.n.a. samples and banking details members of the european parliament argue the measures will help in the fight against terror. up next more acidic analysis of the financial world courtesy of the kaiser report max kaiser and stacy herbert say that the egos on wall street were fed by the attacks of nine eleven find out why coming up next. hazar and this is the kaiser report markets finance and scandals let's bring in political analyst a zero zero zero a as a go perry on what's happening well we're going to take a little step back and look at the midterm elections coming up some of the big
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issues going on what might possibly happen first off this is biden to dems that didn't get everything they wanted buck up so let's just take a little look at a clip what the president's been able to do it has been truly remarkable the help of a democratic congress and so those who don't get it didn't get everything they wanted this time to just buck up pier understand that we can make things better continue to move forward but not to you all the playing field to those folks who are against everything that we stand for in terms of the initiatives we put forward so he's saying that people should buck up which kind of reminds me of the famous episode we did where charlie munger said people should just suck it up so this is a real attack starting to happen you see from the ruling class the elites the top one percent telling people to just suck it in bucket bucket get just like forget
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about the the widespread crime wave that has destroyed your wealth destroyed your country destroyed your markets your finance or economy is just you know get over it time to move on these folks in washington they don't think that and on wall street so they don't they don't think that their actions have any consequences and just think that if they gained huge amounts of wealth that somehow that's in everyone's best interest and they. and they don't see themselves as being even capable of committing any kind of a social injustice or that their policies over the past twenty five years have caused huge wide scale social unrest and poverty an ecological whole of cost all over the world and this is one of the main this is the biggest problem this is the biggest problem of nine eleven is that the people in washington became even more
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insular and self-absorbed than they were before nine eleven this is the this is what i saw a new this is what i saw him and knew when he attacked the towers on nine eleven that the american character the people who run the country are so vain so insular so greedy that when he committed this relatively minor act on the grand scale of atrocities doesn't even qualify in the top ten probably the last hundred years that the american establishment and the rich folk in america would suddenly believe that they have been elevated to near divinity thus hank paulson saying suddenly c.e.o. of goldman sachs is doing god's work. you know that's a direct outcome of nine eleven you see his insanity went ballistic when speaking in vain greedy and arrogant larry summers optimistic about middle class
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he says people aren't going to live with their parents forever so that's the one hope you americans ok buck up you're not going to have to live with your parents forever just until you're about sixty maybe seventy years older than you could maybe they'll be dead by then but then larry summers he's never actually worked a day in his life he's written some white papers that no one's ever read he's got great connections and apparently he's like the equivalent of a. beltway fluffer who works in washington kind of keeping people anxious you know but his actual skill set is zero he has no skills so i believe he was part of the whole crew in the clinton administration that helped overturn glass steagall and introduced the commodities futures trading at r.'s nation act modernization act so he caused this crisis so he's trying to apologize to the people well so what you have to live with your mom until you're seventy but you know what it is not so bad again this idea that you know the french have
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a saying where the the the orifice i can't even say it's not on the shelf side of others because they don't know french television you can do it. here we have these guys in their ivory tower down the street here is the next headline washington's most toxic asset a yes vote on tarp so they focus on indiana second district and joe donnelly who's facing a challenge from a tea party candidate and one of the primary issues in this election is that people are angry that this guy he's a democrat voted yes for the tarp bailout and he's saying that his opponent obviously does not understand that without these steps i tarp credit would have completely frozen up there would have become no loans available there would have been bank collapse. across the country and there would have been a global economic collapse might and charles manson thinks that he had a legitimate reason to murder sharon tate and these guys in washington believe like
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a psychopath that they had a legitimate reason to hold the us economy and global hot commie hostage and rape and pillage and commit financial atrocities in the name of greed they believe it's perfectly normal because they are psychopaths and they belong in a hospital they belong in a straight jacket do yourself a favor. fund the disbursement of straight jackets to these bankers and wall street and just put put them in thorazine get i'm shocked up with thorazine you know and put them away that is a problem like a wall street these wall street corporations own the politicians their threat was that they were going to cut off credit and loans to you the population this takes me to the next headline fans hit team owner where hurts his credit line so the population is the equivalent of the fans in this situation liverpool football club in britain is owned and managed by american tom hicks and his son tom
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jr the two men have apparently not endeared themselves to the fans because they well bankrupted the football club because they're bankrupt they've lost a lot of good players and they've sunk down the ratings so now there's a deadline looming on for them to roll over alone on october fifteenth to royal bank of scotland well the fans found out that hicks were trying to refinance this loan because they were spotted outside the offices of j.p. morgan and deutsche bank in new york last week so the fans then want to attack mood and they started twittering and letters were posted within hours senior executives a woman bar did with male don't give this guy money do not lend him money let me spend something about sports teams just like the airplane business the same group of guys businessmen on wall street who like to buy airplanes and like to buy sports teams are you know they're born inadequate they're born inadequate and they're not feeling their underwear in a big way let's say and as to compensate for this they end up trying to buy
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airplanes airplanes and sports teams to overcome their inadequacy and they don't really buy it for a good business purpose and it always ends in tears just about every leveraged buyout of a sports team or an airline always ends in the same tragic way there are. they're inadequate and they have great political connections and they can borrow money for it zero percent interest rate a rhesus monkey could make money doing that but somehow they figure out a way to lose money well let's go back to the story because the fans wrote this letter to j.p. morgan and to do it to bank in the letter reads in part if you join tom hicks and raping and pillaging liverpool football club then you will be making a very powerful enemy you are facing an energized well informed mass of liverpool fans from around the world so i'm trying to say that you know that if these bankers own the u.s. economy if they own our politicians there seems to be a way that we can also write letters to these bankers if you loan another dime to our government who are you know where i'm going to be angry well i've done
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a study i've done a study every corporation in the world and i've looked at how hated various companies are obviously b.p. is sated monsanto exxon coca-cola is also hated company because of what they do in south america and india now i have determined using my own financial metrics that if the global die a sporran of disgruntled victims of the global victims of the global banking and corporate occupation wanted to join together on mass. and drop a company down to zero for the sole purpose of demonstrating to the banking occupying forces that you have some power it's coca-cola if everybody in the world listen to me right now simply stop thinking coca-cola for six months the entire balance of power between corporations and people would change in six months well
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we've been covering the fact that people in europe are rising up they're protecting themselves from their governments and that's the final headline here as we late lead into the midterm elections in the united states when people like larry summers are telling people it's going to be ok you will only you know you you want to live with mom too much longer and vice president joe biden is telling the people to you know buck up suck it up like take you know just stiff upper lip here's a final headline america on the brink of a second revolution this is paul be feral commentary two thousand and ten elections guarantee gridlock anti-capitalist class war and he's reporting on a report by professor robert. a former chief economist at the international trade commission called decadence of election two thousand and ten and he expects basically that is going to lead to a second revolution because number one expect nothing positive from dems the g.o.p. or the tea party ok they have no positive solutions on offer number five on his
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list all partisan political leaders are destined to sabotage america he says america's leaders are a bunch of second rate incompetence which however as you are blaming the population for not standing up for themselves reminded me of h.l. mencken quote as democracy is perfected the office of president represents more and more closely their inner soul of the people on some great and glorious day the plain folks of the land will reach their heart's desire at last and the white house will be adorned by a downright moron. and that's what happened that's what happened america is occupied by morons everywhere you look with whether it's the red team or the blue team i.e. the democrats or the republicans in the white house they hire a nincompoop some morons like larry summers or hank paulson they're both morons they're you know it's just a matter of like shading of them or onic right this revolution is not going to happen for the simple reason that you know to watch me i'm going to stop the revolution from happening hey hey you there you're upset about the fact that you've
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had your life destroyed and all your money stolen you're thinking about getting active and maybe pushing back against a corporate occupation here's a dollar here's one dollar go away. i mean that they're cheap americans are sexually cheap they sell themselves cheap they work too cheap they consume cheap stuff and they're cheap they're cheap they're the they're there they're cheap baby they are cheap they're not worth it forget it let's move on let's move on forget america it's gone it's all history now iceland is more interesting it's more democratic it's more progressive the politicians our brains the banking system memory form think about iceland as america two point zero america is gone you've got the real ground day all the way up to canada and that's it forget it it's just i don't want to talk about a remark of places it's. my political analysis just can't top that magazine i think it's time to take a. listen i think so max anyway thanks for being you know on the casa report thank
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showbiz entertainment of the insel trade presentation high production. grass and see. all of this is a way to try to focus people's attention by using techniques that are since he doesn't seem to now during this war we had the military entertainment. tonight. yes welcome back to the kaiser report time now to go to arizona to talk with ecuadorian journalist and find filmmaker i ask her leone ask her produced and directed once upon a time in arizona oscar welcome to kaiser report thanks mike it's good talking to
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you all right oscar tell us about once upon a time in arizona what's the film about the filming in brief lines about the one of the consequences of their own control capitalism or plutocracy that we live now i came following the consequence if you will from my country whether because my last documents it was about a revolution and at the end of the commentary there was this factor of like why even if people rights is in the wakes up. there's a. no chase you know and the answer is because obviously the power is not lighting in there so as another consequence of that i can hear where the wall of shame was and in the last three years i've been hearing work and feel mean and doing some reporting ok certainly the arizona is a hot button issue immigration of course is the key there it's the front line you've got the politicians in america using the immigration in arizona as
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a wedge issue as a hot state of to put forth their political propaganda in many time many many ways it's simply a way to rouse up the population regardless of whether this issue makes any underlying economic or political sense but as a result real hardworking people get hurt and are scapegoated is that is our south americans being basically mexicans being scapegoated at this point for a failure of america to produce a real global economy i think that's correct i mean i think that's correct because you see many politicians from here are these are not they you know the elections are close or have been close and they absolutely you can say how they lie you know they lie in folks in the in c.n.n. they'd like when they go on t.v. even the same or on the governor she lies she said they were like oh they had
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beheaded bodies into this or here in arizona which was incorrect you mean everybody knows that there's been heated bodies in mexico. but not here in arizona you seem john mccain saying that some legal drivers are crashing their cars intentionally you know what is the purpose. here. russell piers the man why can i say but yeah they're actually big time profit in on these political capital that you can call the elections in in about the immigration you know in the iranian there and here is that i surely will what i saw when this last time the term of it was about the is beaten to in seventy is that the tea parties are actually taking at this for a stand against globalization and in this case the mexicans are the ones who are representing globalization. in terms of they they represent no borders when it
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comes to labor when it comes to capital you know they go decision must prove that on and on the capital over comps anybody here like mark says. that's being put forward you know so in this case the mexicans represent that and the tea parties ironically even they don't know they are standing up against that which is what they're you know they're politicians used as a flag you know globalization and free market and i thought when i first heard about the hate wall as you call it between mexico and arizona when i first heard about it i thought it was mexico was trying to keep the white trailer trash from going down to south america where the economy is booming in mexico and brazil and in the south because of these countries actually have resources are going to lead through the wall i think you're you're you're certainly right in terms of their recession here and there and the big crisis you can see in actually. intend to make a report last year how many americans are actually leaving their countries. to look for jobs and when i came here with my wife i told her it's all good what was
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happening and they're going to implode the economy just like they did in argentina just like that in my country they're going to claim that the rights are in trouble and they're going to take the state to pay for it and they take their they're the taxpayers' money to to to do that do it all those kind of things and then at the end they don't know not a lot of money you know in the big banks and big money are going to come and say hey well well i want your daughter i want your i when your dog because your me money so that's exactly what they did in my country what they did in argentina where they did many many other places down south the border and when i got here i told my wife that and certainly boom you know that the economic group to tie that company in september two thousand and eight. they did it the argentina story is a good story because the government of argentina allowed citibank to dump all of its toxic debt. into the government's balance sheet and then the government forced the public to pay citibank's debts flash forward to two thousand and turn the
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federal reserve has been forced at gunpoint by congress to sept all of citibank once again and all the other banks on wall street all their toxic waste and once again the government saying well we don't want to abrogate our contract with the financial terrorists you have to pay for it citizens united but you don't rack up this debt but you're going to have to live like slaves and indentured servants anyway and member of argentina two thousand two thousand one the people are on a straight back and pots and pans and the rich people are driving away limousines of all the money this is exactly what's going to happen in the u.s. they believe that in my own flesh you know two times i lost all my my savings the first time the second time i lost all my business and. i know that you know for people in the street it's hard to understand why this that happened and really find it through the you know because there's always this to put it at a time or just blame in certain politicians like always you're for but we know it's
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not like that we know it's just the same i when you say oh well the country is not working he's not because a certain part of this and these are not it's because the power doesn't lie in the positions in the political system anymore and the in the corn trees are. our are out you say you know now it will they're out now the globalization is a power that just grows beyond control and. you know i fear does that have some other consequences that that goes beyond the supposed the control of those who play know the schemes you know like well there are senses. events drive the saddle in my mind in the back seat and i think it's just like that you know. maybe some of these were bankers or whoever just up there it's underestimating the way that it's my panties you know there's no way to control what's happening now in terms of the people how they feel here in the united states you can see had to turn
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to the to the right and you see all these new fascism and wrath racism in you know throwing fingers and if if the economy doesn't get better which is broadly you know very alike you can see that that's going to be exacerbated to what and we don't know we just can fear and you know trying to cope is not what what happened down there in down there in the south you know because it cannot be an infant fascism faces them and just like today argentina when they've made the coops you know it can happen the fact that there's no the most of those i mean there's no market so the monkey see is not really you know. essential for the business. elite so guys like john perkins who wrote the book financial hit men of course talks about these coups in these country that end up as a result of the leaders not ascribing to the financial plans of the wall street
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bankers and then they have a regime change and we've seen it in south america of course and now we're seeing in the us and barry ritholtz is a very well respected financial blogger in the united states he recently wrote a piece. saying that it's no longer about right versus left it's about the people versus the corporations and in this arizona immigration fan fandango down in the southern part of the united states the politicians want to present it as right versus left but this is completely false isn't it it's really about the corporations who want to erect a huge toll booth on everything that goes any which way the economy versus the people who are being forced to pay these tolls how do you see that emerging they are actually writing you know sometimes their provoke in the station bands of false flag attacks or was worth. some other times they just write it so they take
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a certain mission try to get the benefits of it is in the if you see there's no way that any left or right can do anything about it again because there's no solution i mean there's a little read to write it go in. you know it was up to the united states would have to look close these borders in term of star you know over like. constructing their economy again after they the industrialized country you know their depend so much on everything outside so there's no way that they can close that bond they can close that consequence if you want a backlash of globalization that they you know they created and like always you know it's caused by some people of the top but he's always swept interior by those in them in the ground you know which is the people here and and i feel that sometimes because you see all these tea party people in all of their white people here you know they're very misinformed and some of them are really good persons why
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you get to you know to talk to make them see what how they how that place they sometimes they open their eyes and say hey you know maybe i wasn't right in just getting my information through fox news you know because they're actually just like you say they're playing them and left and right to mean when they hear me saying and talking against globalization is not because i'm from the left because i know that for firsthand that that doesn't exist you know or my bears in country. there are people like in my blessing and i was about a revolution how they they took down the third president in a row because he was thirty subservient to the if they were they were meant to be fun and the people in the street they walk up they know night my country they know what's going on you know they you can see that in the in the these were revolution that happened and at the end of the day the problem is that one of the people goes back to work. there you know there's a way just like a break and said you know there's
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a way to carry everything back in line and if there's regime that doesn't go that way well there's a ways to care of those and i don't mean that is their u.s. government was i mean i think it's is that the power doesn't either and mores power is weight behind the curtains you know and let me put it this way let's say that you have a really bad infection here because you've been doing harry right instead of saying a we've got to stop doing heroin they tried to just like put some of the holy here and try to cure that the local wouldn't when we know that unless they caused those bad habits quote unquote again it's not going to work and he's not going to he'll end it he's never going to him right in this case you could replace the word heroin with nafta because nafta certainly set up the situation where american subsidized corn products were dumped in south america which caused huge economic dislocation american meat packers were bringing.
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