moons died here. and minimums looked forward to be held down say. the pain and suffering will never be forgotten. as well as the joy of the racial. europe spring the nineteen forty five on our t.v.

. more news today violence is once again fled the fighting these are the images the world has been seeing from the streets of canada as trophy china operations are over the day. moscow in tokyo up of the diplomatic pressure over russia's southern islands japan has recalled its ambassador to russia and moscow says more presidential visits are planned to its far eastern territory despite this dmitri medvedev is expected to

attend the asia pacific economic cooperation summit in japan later this week. with many polls now closing in the american mid-term elections early results show republican lead they need thirty nine seats to gain control of the house of representatives with the fate of one third of the senate also to be decided but candidates on both sides have been criticized for their reliance on big business cash to run their campaigns. and dubbed as the greatest feat of human endeavor it's now ten years since the first expedition stepped on board the international space station three hundred twenty kilometers above earth and now the size of a football pitch the sets has seen two hundred visitors and may hold the key to crucial advances in technology the. next wall street insider max kaiser looks at the greed eating away at america's troubled economy.

time now for the kaiser report markets finance and scandals all the scandals that are driving the global economy into the ditch let's get more details from stays there or heard max kaiser the first headline reads pimco likens us to ponzi scheme this is bill gross who manages two hundred fifty billion dollars pimco bond portfolio he wrote in his newsletter to his clients check writing in the

trillions is not a bondholders friend it is in fact inflationary and if truth be told somewhat of a ponzi scheme so he argues that creditors have always expected to be paid out a future growth but now he says growth in doubt it seems the fed has taken ponzi one step further the fed has joined the party itself has there ever been a ponzi scheme so brazen there has not been so we need to examine this little bit because everyone knows the ponzi scheme concept from the bernie made off scandal that as new money came in he would pay out old investors and he built this pyramid and what pimco is saying bill gross i guess is that the fed now by joining together various elements of the banking and and government systems is able to create the mother of all ponzi schemes and the suckers who are coming in at this point this is the money that will almost guaranteed be lost well that's right and so he's talking

about the fed's expected announcement of new quantitative easing this is that they're going to buy various assets what we don't know yet until they start to do it but actually bill gross goes on to say that he thinks it's a good idea because there's the liquidity trap yeah well i notice that the bank of japan has announced that they are expanding. their definition of quantitative easing and they'll be buying actually stocks and bonds and real estate and precious metals and gold spiked up on this news and to get back on the last shows topic you know we asked people lloyd blankfein areas it's criminal arch financial terrorist of the twenty first century we asked is lloyd blankfein should we decapitated him in effigy of course install or should we warn or boredom and we got some interesting responses i think what we got over there i see this one from paul from but tavia first have his doll appropriately cursed by a voodoo priest it shouldn't be hard to find one in haiti they're all pretty ticked

off right now then following his instructions and serpens and the desired body parts well let me show you what we've been doing so far in our program i mean this isn't the first time we've been busy. engage in this type of citizens action committee i mean here's. ben bernanke here you get a good shot of ben bernanke you notice that just ahead of ben bernanke is the rest of his head is body is missing well that's one thing we have found that no matter what you do to the top of this ponzi scheme of bankers there's always another banker to replace you remove lloyd blankfein from the equation then well first of all you actually release you removed hank paulson from the a quick look at the area and there's hank paulson you know we we've removed try to remove him from the equation but it just another banker pops up they've got a you know banker infestation problem. that's correct so there's always another ponzi scheme operator to step in and so here we're talking about ben bernanke he.

and his new quantitative easing thing well here's a headline on quantitative easing a paralyzed fed defers decision on monetary policy to primary dealers in an act that can only be classified as treason so according to zero head the new york fed. issue just survey to primary dealers which ask for suggestions on the size of q e two as well as the time over which it should be completed treason so business insiders headline on this ben bernanke he is now simply asking wall street how much stimulus it wants so asking those effigies after asking the real life versus that these guys how much money they need to keep the party going that's right there's no justice there's no rule of law and in a world with no justice clearly there's a demand for many macs many men. the final word in justice

now what people might not understand is that if in case goldman sachs tries to open a bank in a galaxy far far away there's micro-mini space max micro-mini space banks can actually fly into parallel dimensions of need be to chase down the financial terrorists and to deliver justice deliver justice this is what we see well ok so let's go back to the story so the fact is that the primary dealers who are the primary dealers well they're in the likes of cantor fitzgerald j.p. morgan h.s.b.c. bank of america goldman sachs credit suisse deutsche bank r.b.s. and u.b.s. so here i had says the reason why they're saying this is treason is because they're now being put in control of u.s. monetary and fiscal policy so it was the primary dealers and they mentioned a few there arsonists and they're asking for more matches and the federal reserve is just giving them all the matches they need and lighter fluid to continue to destroy the economy all the quantitative easing all the free money they want to

confront run the free money which means as they see the orders coming down the pike they can place orders so when the rat goes through the snake they place an order ahead of the rat getting through that part of the snake and as the rat goes through that snake the nice little graphic up there you see as the a rat makes it through the snake you see put an order in there and you can pocket by inside information it wasn't for inside it. for measure there would be no economy whatsoever so let's look at this headline to see how how these bankers are doing how good their life is thanks to ben bernanke operating this ponzi scheme on behalf of the bankers the biggest richest party ever this is the global party and this is how their web site reads eighty thousand plus of the world elite eighty plus of the world's finest locations all within twenty four hours they want to have this big party of rich people at one hundred thousand pounds per table and the wall street journal writes about this party being put on by

a hedge fund manager in the u.k. who is married to thurman and he's one of these people who fed clients into bernie made office fun wall street journal writes before we get all judge mental let's be clear that this is all for charity the money an expected five to ten million pounds will all go to charity well look let's be clear about something thurman's husband hedge fund shimada these guys are living on the large us of a corrupt banking system they don't work for a living they exist on subsidies gifts and handouts from a corrupt banking system in bed with the politicians and the quid pro quo is that they tacitly give the green light to things like one afghanistan war in iraq the bombing of iran coming soon from the same group of corrupt hedge funds and politicians so one with the legs comes out they say you know what the number of dead in iraq in the hundreds of thousands supports the lancet report which talks about up to

a million civilians dead that's the blood of thurman's husbands hedge fund modest hands you're dripping in blood because you're a murderer you support murder ok now come on the show defend yourself oh that's right you're too busy swilling it up with your small friends and your coward otherwise you'd be on the show otherwise you defend yourself but you're not there you are so shut up. only fink is interviewed in this article for the wall street journal he's a hedge fund manager and a tory party treasurer and he says yes to the average man in the street they do look at a scene but they do an incredible amount of good didn't do any good to talk about five or ten million dollars in charity versus bankrupting the economy putting millions out of work people starving to death these are the charlatans that are destroying the economy they're not doing anything good in the wall street journal of course is the poster child for the rag it's murdoch's rag that he puts out there with these editorials that are concocted by a diseased mind of another oligarch so much murdoch and all of our telling is hedge

fund oligarchs supporters that it's ok to starve kids around the world to have your swell little champagne parties you know this is pathetic in oh this is why marie antoinette ultimately ended up in a state not dissimilar to what we see right here with who is a schmuck oh this is frickin ben bernanke ok notice he's missing is body. thurman husband bought a hedge fund do you think you did your body. ok negative light supports what you're saying about the the bottom ninety nine point nine percent being eviscerated new figures detail depth of unemployment misery lower earnings for all but super wealthy so these are numbers released this month by the social security administration but it didn't make headlines until pulitzer prize winning taxi porter david cay johnston looked at the numbers and what he found was that one out

of every thirty four americans who earned wages in two thousand and eight earned absolutely zero nothing nothing from unemployment welfare nothing in two thousand and nine and yet average wages median wages and total wages all declined except at the very top where they leapt dramatically increasing five fold well look for the wall street journal and rupert murdoch to write an editorial soon called the final solution because obviously there's too many poor people than the system can support so let's just round them up and incinerating i mean that's going to be murdoch's answer and the hedge funds answer and then we've seen this movie before and it's time i think to step ahead of this freight train of corruption and to maybe do something or end up living on a reservation the concentration camp we're going to a crisp at the bottom of an incinerator somewhere or you don't care and every time these guys get together of course as their wages their their share of the pie is increasing five fold annually there you're going to see more and more that they're

saying we're just meeting for charity the g. twenty we're meeting to help the world the u.n. we're meeting to feed the world you know as more and more money goes up to them and the u.s. midterms are of course today and everybody is expecting the tea party to you know rescue save the day the final headline max wall street tea party the twelve leading tea party senate candidates have accepted over four point six million dollars in campaign contributions from wall street for the upcoming for the. these elections pat toomey collected one point two million dollars jim de mint who with the financial times calls the head basically of the tea party in in the senate marco rubio from florida and so now it looks like the same there well the tea party are for hire i mean they'll go in they'll get in the way of any populist movement to restore power down to the citizens at the base level of the citizenry and they as a for karl denninger the entire tea party you notice that we're talking about

oligarchs who replaced the word charity with cake let them eat charity is let them eat cake let them let them eat charity ok this is what they're talking about let them have a little charity slash cake and of course if you talk about cake and eat a little tea to go there your tea party goes with the cake so these are the same roylance they all sit to the right of the monarch the tea party sits to the right of the monarch they're not pushing back in any way that's meaningful in terms of a progressive movement they're just more killers for hire and fortunately obama has been the weakest president of the past fifty years he's got no base whatsoever he inspired no one except the health industry to extract billions of more subsidies stays here but thanks so much for being on the kaiser report thank you max now don't go away we've got plenty more coming your way so.

i was cell phones would be useless without this mineral. tiny pieces needed to make them work. but every piece of culture and is extracted at a cost to human life. the admiral no human. passenger liner sailing in the black sea. august thirty first nineteen eighties hips. twenty three twenty. four kilometers off shore. crashes into another vessel. four hundred twenty three people down. russian titanic.

dying. forward to be held down say. the pain and suffering will never be forgotten. as well those the joy of liberation. spring of nineteen forty five on our team. welcome back to the guys the reports i'm out to go to san francisco just saw it with james cameron actually the third who has been writing about the tea party movement james is a former civilian intelligence analyst who worked for the department of defense where he specialized in putting an indicted war criminals in prison and bosnia. he also specialized in counter organized crime and counterterrorism james gavin asters

the third welcome to the kaiser report thank you for having me max glad to be on all right now you've been writing about the tea party movement and their platforms it's all guns gays god as karl denninger says not do they have any policies on wall street and the economy well if the tea party protests were never about wall street they were motivated to get out on the street because of the bank bailout in fact if you look at their literature that came out of the. libertarian think tanks that were pointed into the tea party movement it was all about the government was taking over the banks and so there was a sense of private property that they were making they were really upset about the fact that the money they were upset about they thought it was a bad government takeover the banks they didn't see that as actually what it really was was a wall street robbery of the treasury right so it but at this stage of the game the tea party candidates seem to be willfully disconnected from the realities on the

ground in terms of the what are you could be characterized as the plutocrats what they are now working for so is there anyone in the tea party movement has not been completely compromised is not completely corrupted back i think was like mid two thousand and ten john boehner was went up to wall street and said you know donate to the republican party and we'll block wall street regulatory reform there was no protest out of the tea party movement at that time banner has now given hundreds of thousands of dollars spread around a tea party candidate rand paul is taking money from mitch mcconnell who's gathering money from wall street these guys have nothing they have no problems with wall street they have no problems with the republican. all right so the tea party candidates are raking in huge wall street donations and as you point out they don't seem to be concerned about the larceny that's going on and wall street looks down

the diff just become another part of the wall street machine and the war spending that three trillion dollars joseph stiglitz has projected this is something again that the tea party doesn't seem to care about even though it's a fundamental reason why there is the need a stance a plea for some kind of reform party to begin with there's actually two tea party movements and one was organized by david koch and the americans for prosperity and then you have the freedom works coming in on that and then there was one organized by ron paul and ron paul of course and been trying to cut defense spending get out of iraq get out of afghanistan and post the patriot act. and that's part of the movement is actually much smaller than the koch movement and if you saw sarah palin when she went to the nashville convention and bet already twenty that it was a very much a neo conservative talk on foreign policy very hardline very pro war in the guise

of being pro military and so there's actually this competitiveness there's an ideological rift in the few party movement but it's dwarfed by the fact that most of the right wing most of the christian right are in fact new conservatives are lying or in policy and motorists kind of people and it ties very much into their n. times lot and theology and their christian zionism so they're very much hardline on the military and they're not really going to be focused on cutting defense spending or cutting our deployments into afghanistan right and david koch of course that part of the pair of the koch brothers who do. the last couple of years anyway there's been a lot of. investigation into their support of climate change denial groups who are the front groups to perpetrate and to put out the false information suggesting that

there is no such thing as manmade global warming and climate change which of course directly lines the pocket of the koch brothers now the cunt brothers of god of co-opted the tea party movement that co-opted ron paul and others to put forward this so-called grassroots movement which is what's called an astroturf movement there's nothing grassroots about it it's from the old copley on down and they've got these kids sexes out there like sarah palin or christine o'donnell the show little five and all these white guys vote for him because they're lonely and they don't know what's in their self-interest here's what i would say to that max i don't really disagree with what you're saying. to the whole. working class or middle class but here what i would say. if you look at the right way more or less we're going to be when it really started. they have an idea how do you are you how do you that when i was very much into a right wing very bitter area in conservative economic programs.

and because they perceive the federal government as being evil and tonic and move rules as being the agents of satan they have an ideology and nothing ology whether go on the secular side of the religious lie that they don't believe anything that comes out of the federal government or comes from science and so it's very easy for a coke or an exxon or whatever oil company you want to do this is to promote climate change denial is because these people don't believe it on theological grounds yeah well i think it's amazing that some of these tea party candidates don't understand that one of the founding principles of the united states was the separation of church and state they seem to think that it's perfectly acceptable to have a theocratic autocratic extremist form of culture a neo conservative right wing charis running the country like the koch brothers and

their minions and they don't seem to understand that it was this very thing that got the founders of the country to revolt to begin with why are they throwing the keys of america way back to the monarchs the right wing has been influenced since the early nineteenth sixty's by christian reconstructionism which was founded by r.j. rushdoony and is now promoted by gary north who is ron paul's informal strategic advisor on the tea party movement and other people around ron paul like howard phillips who's the head of the constitution party and mcguinness who's the head of the john birch society all these guys have brought in this kind of christian reconstructionism that america was founded as a christian nation and the constitution all laws ought to be based upon biblical law. and that's the reason why these candidates now i christine o'donnell will talk about well the separation of church and state is not in the constitution well those

consistent words aren't in the constitution but this that was meant clauses and they brought into this reconstruction their interpretation of america as a christian nation and that's why they spend what they do it's that the media can't see beyond these people they're not kooks in that extreme but they're not kooks they're not idiots they have a completely different ideology and a completely different theology and people don't see the the broad strong influence of christian reconstructionism on the entire right wing movement not just the tea party all right so basically america wants to forget about the enlightenment absolutely and what point will the fed demand that the banks on wall street cern water into wine and to survive in america three hundred thirty million people on one loaf of bread and

a bucket of fish. question and ask. well i just know jared north is suggesting that america should live on one loaf of bread and a bucket a fish a current those biblical interpretation i just thought of that carter was carrying on he's a propagandist and i haven't talked to the people to get him on the show if you were to ask gary north one question and hope to get him on the show what would it what would it be when he going to start the revolution max i'm saying if you were to ask jerry north one question well that's what that's what the question i ask and gary going to put forth the strategy for ron paul. and that their strategy is based on two things the first thing is that the legitimacy of the federal government and the entire right wing not only the tea party movement but the entire right wing is trying to do with jenna mys the federal government not just the legitimate president obama on the second thing is is that the central premise of the north ron

paul strategy is that the federal government will. financially collapse and that will bring in the bring them to power well i mean don't you see people have a right to be afraid of the federal government i mean the federal government's been involved in the patriot act and constitution abuse and assassinations yes i you know it's i've become really. amused when certain progressive or certain progressive organizations. make fun of the conspiracy theories if you will of the right wing. and it's not really totally fair because you know if you look at the situation. there's elements of truth in those conspiracy theories and progressions should thank him too to heart i mean i was shocked one day i was reading r.j. evans his book on the i would not use came to power and then the second volume was

the nazis in power and you know whole basic chapter on what the nazis did very early on. against the communists socialists the jews. and you could go through what i found like about nine or ten things that the nazis very early in their in their administration did that george bush and obama have done so you know the federal government is a threat to civil liberties there's no doubt about that. where i park company with the right wing is like so what are you doing about all you do is spread conspiracy theories do you act against the patriot act and try to repeal it you try to do anything constructive i don't think they do it is there anything in the quiver of possible remedies a right wing could do i mean what comes to mind immediately is that second amendment is not playing with us at all well that's their cornerstone of the constitution actually is the second amendment and what they basically argue is

a theological point of view is that our rights are god given and the federal government transgressors those rights then you have the god given right to pick up a weapon and fight the federal government so they view it that way i think it would be a war successful on say opposing the patriot act if they reached out to progressive groups if they work with the american civil liberties union other groups and said you know the specific parts of the patriot act that we want to change but they don't they just want to. put forth the conspiracy theories raise people's fear anger paranoia call it what you will and suck people into the movement right and of course one guy in congress to voting was going against the patriot act russ feingold looks like he's going to be replaced by one of these tea party people these guys are these guys are republicans they're going to they're going to elect republicans russ feingold is my.