good to see don't need to go publicly and run to the colonel was a photo as a retreat. russia counts down as football's governing body gets ready to decide who will host the twenty eighteen and twenty twenty two world cup russia is hoping to host its worth world cup but it's face some tough competition from england enjoyed bids from spain and portugal and the netherlands and belgium. concern over european debt rocks the euro zone with a list of countries facing hardship continuing to expand italy may soon join the growing public debt or as greece and ireland get billions of euros in bailout. and the organization for security and cooperation in europe means for the first time in a decade russia wants to reboot relations with the group but says it must modernize at the summit in kazakhstan president medvedev pushed his initiative for a pen european security treaty. next max kaiser and co stacy herbert take a look at all the financial scandals behind the headlines and the kaiser report

stay with us. of ice guys are and this is the kaiser report number one hundred that's right one hundred pure blissful episodes of markets finance and scandal and stacey you're never going back to the studio how are you ok max keiser i have a headline for you crowds mob kaiser report star banky for autographed silver

coins so if you recall did see this man in one of our crass j.p. morgan buy sell her videos and let's just take a look at it will turn out the crash j.p. morgan by sure autograph signing today thanks to mexico my oldest work motions to. the. old frank you were all brought she was rude drove me crazy when i signed your show over say they. want to. say. yeah that's our demographic. that's like fox news a demographic just seventy seven five years old and up that we've got the seven under that's right so but speaking of this campaign i want to look at this one other little headline five hundred dollars silver if you want it now this is

a take on the john lennon and yoko ono remember those famous billboards in times square wars over. if you want to you know a whole generation got together and they ended the vietnam war this generation needs to get together and they can if they want to get sober to five hundred and put the banks years out of business remember this is a political campaign not a financial campaign five hundred dollars silver basically puts the bankers out of business because all the wealth that they stole is transferred back to you the individual and if everybody you know five percent of the world's population is by silver coin they win bankers lose it's all very john and yoko what are we going to bed to do a bet in by the way max and stacy doing a bed in you'd like to see that wouldn't you of course you would know well what you see while flabbergasted by this idea it seems like a natural you know demonstration against the baxters of maximus to see better than we should do that because the report from bed well so the war mongers as you said they could be stopped warmongers are the same as the banks there's now if you want

it now that isn't the next headline that terrorists got everything they wanted ollie rehn no haircuts for senior bond holders so olli rehn is a finnish politician who's currently serving as european commissioner for economic and monetary affairs you see in this little video this is him announcing the eighty five billion euro bailout for ireland so after he says that the senior bondholders will take no haircut this is what he says the fact that they would be first there would be. and you pour them to sit financing him and go for. her over seventeen on her for billion euros so financing let's see where have i heard that before oh yeah it was chalabi right before the iraq invasion he said the iraq war would be so financing remember the oil revenues were going to pay for their

brac invasion regardless of the fact that it would have been cheaper to you for us to just get every iraqi man woman and child under a thousand dollars it would have been cheaper than blowing three to four or five trillion on a campaign to nowhere but here's the south financing here's where it's coming from remember seeing your bondholders take no cuts here is where it's coming from ireland let's find seventeen point five billion euro from its pension fund and reserves for a bailout well as i've explained the problem is that the i.m.f. and the world bank are bankrupt they're the institutions that are bankrupt they see that ireland got twenty billion dollars of cash on the balance sheet they see that pension fund over funded pension fund is just like these corporate raiders from the one nine hundred eighty s. remember a car like on or ivan boesky mike milken they looked at these companies they saw these fat pension accounts they saw cash they did leveraged buyouts and they stole

the wealth i met from the world bank same thing they look at ireland they look at greece they look at iceland they look at spain they look at portugal they see big fat pension accounts they see cash and like these veracious banking monsters they go in there to do a private equity deal leveraged buyout and they steal the money it's the i.m.f. and the world bank that are bankrupt not ireland the people of ireland have to understand something you're being sold a bill of goods you're being sold down the river by your own government that's in bed with a bunch of corrupt bankers at the i.m.f. because they're the bankrupt ones not you do that's correct remember the i.m.f. i guess when it was headed by at paul wolfowitz they were about. go bankrupt remember they also went out of business that's right i have no money they have no money they have their bank worse than anybody we have to understand it's a consortium of bankers and all these banks as we know from the banks in the u.s. citibank or j.p. morgan or goldman sachs or a just b. c. or barclays bank they're all technically insolvent and they all get together to

create the world bank and the i.m.f. how can the sum of the parts be greater then the bankruptcy of the individual bit you can be that's all bankrupted it's absurd that they would buy this of course the problem again is that it's what you think it is if that if the propaganda is to the irish people that they need to be taken over and they buy that propaganda then that's what it is a self-fulfilling prophecy member to the age of five currency stacey since the seventy's we've had all the fee on currencies there is no supply and demand there is no economics it's just financial propaganda and if you want your own financial propaganda imagine silver at five hundred you can do it if you wanted this is that simple and you can compete with these guys well you've got a brain you've got an imagination well max. by the way as we're going through this you're seeing some photos back there that's of these protests at this bailout from

that quote unquote bailout from the e.u. and i.m.f. now ten billion euros of the eighty five billion euros will go straight to the crippled banks and twenty five billion euro is being heir marked for bank support in the future which means it's definitely going to the banks there is that they're saying they're earmarking it for future bailouts of the banks and the interest on these loans is averaging five point eight percent that will amount to twenty percent of annual tax revenue it's a rape of ireland. and world bank they are simply raping that. it's not a corporate state it's a vassal state of international banking cartel it'll be a corporate plane land like greece greece is becoming a place for rich people to par their park their yachts and they figured the cheap way to park their yachts and some greek island is to own the country this is deferring their cost of their slip rental fees during the season so now they figure he must get a great deal on chile sticks will just simply do an l.b.o.

of the country and we'll have all the irish people working for us for dirty wages a matter of fact that's the one export that arlen apparently is doing well in there actually will put a visual up as on the screen there they export their dirt and now here's a clip from the european parliament discussing in this is in the lead up to the ballot and i have to play it right here because it's the perfect place to do it this is nigel farage and he's that ukip member of parliament just who the hell do you think you people are you are very very dangerous people indeed yes well the euro is breaking up now as you know jim rickards who is a good friend of ours smart guy he's quoted often in the financial press and he made the point today that i've been making now for weeks that the big winner in all this is germany germany win two ways they've got the cheap euro for their export market and they're they've got an incapacitated competition that's trying to scramble making good on all these various bad debt loans so germany is the big

winner in all this in a reconnaissance member after world war two that's the one thing they didn't want to happen was to bring about a one germany one central bank one deutsche mark to late now the genie's out of the bottle well go back to this little clip here mike nigel farage is saying they're very very dangerous people indeed because they're imposing they're removing the democracy from the irish people who do not want to pay as we were looking at those little images from the protests they don't want to pay for the banks there is mostly in this case in germany and the u.k. who are these bankers are owed the most they're the senior bondholders well let's turn back to the final. it of what farage says to the european parliamentarians but even more serious than economics because if you roll people of their identity you wrote them of a democracy but they all left with these nationalism and i can only hope and pray that the euro project is destroyed by the markets before that really happens yes

yes nationalism and violence up there is not to be that way. but if in fact you've got a bunch of bankers strangling these economies because they're the bankrupt ones of course you're going to have some civil and social unrest the economist magazine member last year predicted that there would be social unrest this year because of the bankers stealing people's money they try to handicap which countries are going to be the most violent first and then they were trying to predict how to rearrange your portfolio to take advantage of this emerging social unrest risk well so that you know the austerity budget comes in on december seventh next to you say that's also the day of bank run two thousand and ten dot com so there's going to be a european wide bank run because if nobody is going to there is nobody in your national politicians nor of course the european politicians aren't going to protect you so we have to do it ourselves right and this is a bank run eric cantona is the famous footballer is got

a video out there it's gone viral we showed it here on kaiser report two weeks ago and people love it these sank pull all your money out of the banks and of course now i've got a fistful of money what to do with it go to the people's money silver that's what i say put those two together and you know you've got a great monetary revolution on your hands without having to cut a single head all. and finally after the i.m.f. and if of course if these people do not take the i.m.f. what does john perkins always say then comes the hit men and this takes me to hillary clinton ordered diplomats to steal u.n. officials credit card number it reminds me of the fact that they were also pushing for collecting credit card data from europeans who fly or any swift stuff that goes through brussels big data sweep this is wiki leaks right this is from wiki leaks data so hillary clinton ordered the un. everything together so extraordinary i mean here you are clinton is engaging identity theft she's engaging identity theft

stealing credit cards from you and. going to compton to score some smack i mean what's up with hillary clinton that she need to go to rehab or what well the the point is that if the irish people rise up and throw out their government if the irish people refuse to pay to take this loan from the i.m.f. if the portuguese people do if the greek people do if the spanish people do if they refuse these i.m.f. loans. you know the u.s. has your credit card details and they could out they can continue splurging at wal-mart on your behalf with your credit card details well this is it's a racket you know and it's force debt pushing their debt pushers and whether it's hillary stealing your credit card so she can go buy a dimebag a smack or whether it's the i.m.f. a world bank trying to push billions of dollars worth of work with junk loans on your books it all adds up the same worthless pile of garbage banks there is ripping you off and you sitting there looking for the answers and the only answer is the

answer we've provided on this show episode one hundred. days of your word thanks so much for being on the kaiser report episode one hundred thank you all right don't go away we're going to be talking more about the maxus daisy bettin so stay right there. when something really cool when you want to get down to. special coverage. is almost one teacher's final whistle looms on an international faceoff for the future of the two thousand and eighteen world cup. final to be hosting the world's largest sporting event live on a. question more.

for six months russian capital was in a state of siege. days and nights people lived in fear of occupation and were preparing for the desperate defense intense battles took a heavy toll. so we don't let me switch to the offensive that was the first sunni or defeat of the where my. battle for. mosco on our team. welcome back to the kaiser report time now to go to chile and speak with good solid lira it's a pleasure being on your show once again i want to talk about ireland in the second but let's talk about something else first you were talking about the fundamental flaw that it is the euro because there's one currency but many bond markets tell

the people you know well you know i mean if you if you think about it ok you have one currency for all these you know fifteen or sixteen countries or however many many are in the euro zone and you have each of them issuing their own debt so what you basically have is a currency a very sophisticated currency peg but it's the same thing that happened in latin america and you remember all those small and american countries of the all their currency to the dollar and they all you know to get man a joke the fact they were paid in order to get into debt overindebtedness and eventually you know everything you know everything went to tears that's exactly what's happening in the euro because you have the strong economies in the middle germany france holland general and you have the weak her commies on the periphery you know we all know them the pigs portugal ireland italy greece spain and they all went to debt that we couldn't afford and now they're paying for it and the worst the tragedy of course is that you see in the eighty's and when america these small countries that had their currency peg to the dollar could unpaid their currency and

let it flow to a reasonable level that happened in just about every country that that in latin america did that little move whereas in the european union and the european monetary union they can't do that they are stuck with the euro so even though they might be restructuring their debt is in the case of reese and now are all and maybe are. they're starting restock with the euro which is going to make them uncompetitive and so they're going to keep on spiraling down so they're real. just kicking the can down the road they're not providing a solution the problem and the problem is that each country can issue their own debt yeah now. when the euro is started of course all of these bond markets the sovereign bond markets they were yielding approximately the same the ten twenty thirty year bonds were have an approximately the same yield but then as time progressed and different. if you will of the underlying countries different personalities of these countries. that is to say weaknesses emerged then the old

started to break away and trade separately and isn't that kind of a arbitrage yours paradise and they say these different yields and they're of course the big heads frons out there in the big funds they've got virtually unlimited credit they don't make any mistakes because if they do make a mistake they get bailed out by their own government that's to say the u.s. so is they're just asking for trouble to have all these different rate differentials within the same zone oh yeah i mean you know i i i can't contradict you on any one of your points because you're absolutely correct on all of them you know they're just begging for trouble and of course what's happening now is that every time that there is a slight weakness in one of the european euro zone countries a bond markets you know all the parameters just attack it and i mean why is ireland trouble got in trouble three weeks ago because angela merkel said a few impolitic words about you know old maybe senior bondholders having to take

a haircut or something and all of a sudden the entire bond market panics and you know irony is just shoved up against the wall and basically rate if you ask me and you know the same as you have been out of portugal you know say we're going to have the spain and italy you know it's just they're just promises and of course but the terrible thing is that if these parameters were as you say independent well then ok you know it's you know why will the finance but all these promises i. hedge funds or not hedge funds you know the banks really you know the proper aids they're all getting bailed out by. by the government you know i mean bizarre would be banks are inflicting a lot of this damage and who is financing the zombie banks won't you know the government's you know so it's just this corrupt morass and i don't know how to fix it except you know allowing some super crisis to just wipe everybody out and start from scratch because i mean i don't see how this incredibly corrupt system can

continue it's just it's mind boggling ok let's examine a little bit more you're talking on a couple things i want to explain for the viewer a bit you said ok not so much heads runs but the prop desks of these big banks to do too big to fail banks and in new york for example that have gotten hundreds of billions of dollars in money from the federal government instead of going bankrupt they were engaged in a huge acts of of a moral transgression moral risk what are they call that moral moral hazard moral hazard moral hazard they got hundreds of billions of dollars to just keep making the mistake oh it's a mistake over and over again so their fuel with the cash then they go into europe and they pick off these countries and it's really i want to ask you something you're down there south america south america in the eighty's of course and in the seventy's have the sobriquet the banana republic and

a lot of leaders fell out of airplanes and there was john perkins talking about the economic hit men and you know they went in there and if they did go on to the i.m.f. or the world bank they've killed these guys you know there's all documented john perkins excellent book about economic hit men but now you've got the same thing as you're describing it and year and a lot of american expert here and a global economic expert is similar in europe now you've got the same kind of. pressure coming in from these prop desks trading arbitrage or wielding financial terrorist as i call them just picking off these countries one by one as ireland really bankrupt or is it just soothing is it just suitable for these for these hedge funds in these funds to pick it off and to destroy it for their own gain just pick them off and destroy it for their own gain i mean also terrible political decisions by brian cowen's government i mean the irish state in and of itself it

was it was you know it was making its year every year i mean they were solvent but what happened was that they took on the burden of their enormous banking system which they never should've been allowed to have because the liabilities of their largest banks were over twice the total g.d.p. of ireland i mean there were banks that were too big for the country but you know when these banks started tumbling in two thousand and eight you know what did darwin do they said oh we're going to guarantee you those banks because you know their irish banks are stupid i mean they should've been allowed to fail if you say the politicians stink but are they really terrible or are they compromised or are they another words you know these politicians the bureaucrats they rotate in and out of these large institutions a lot of these guys who who totally bankrupted ireland will end up with jobs in the i.m.f. or the world bank and they'll just it's a revolving door of criminal larcenous stick no good next you know the search for their their their burnishing their resume by taking ireland down number one and number two in terms of what's your comment on that in terms of the politicians are

not they're not just stupid and incompetent i mean that they have agenda here which is to line their own pockets well actually i disagree i well i always come to you the best in people and tend to think that they're just stupid i don't think that they're particularly corrupt in the sense of like taking a pay off but perhaps they are and certainly there have an eye on to future jobs in the world bank or the i.m.f. or who knows where yes however i think that they're just incompetent i think that they are. they just took short termism and then they just ran amok with it and so far as ireland is concerned you know you asked me before where or where there was a the banks that are responsible for this i have to ask you know who's to blame you know the pusher or the or the drug addict i mean the governments keep giving these banks money for free and bailing them out every time they get into a little bit of trouble and these banks keep on taking this money and spending in and doing reckless bats and when those reckless bets turn out to be good bats you

know they give themselves huge bonuses and when they turn out to be bad bets they go running to daddy government you know i mean so the issue is who's to blame here ultimately my own my own thinking is it is the people who are to blame i mean at least the irish you know on saturday it went out fifty thousand people at least fifty thousand people were in the streets protesting this bailout because they don't want it because they recognize that they're going to be slaves to the i.m.f. and the e.u. and the e.c.b. now just to put in context fifty thousand people is roughly one percent of the republic's population that would be three million people in the united states protesting on capitol hill three million people. you know it's a huge number and the people of ireland recognize that they're going to be screwed and you know i think that hopefully over the next coming week. you know maybe popular discontent will grow to a point where this bailout will not happen because do keep in mind the bailout was

approved by the e.u. finance ministers on sunday night but it still has to pass the irish parliament on december seventh which i believe is next tuesday december seventh you know famously of a date that will live in infamy well that's the key date for ireland and we have to be paying very close attention to what's going to happen during this coming we just see if the irish people decide to not accept this bailout and simply default which i think would be the. optional thing to do to simply default on this debt and restructure the irish banks and you know start off with a clean slate i think that you know what's going happen in this coming week is key and we should be paying very close attention to the december seventh budget vote because if brian callan's our fianna fail coalition government doesn't have the votes then this irish situation will not be over come some and some and in fact i think it will turn a lot worse right well if you take

a page from iceland's playbook they let the banks fail the government did not assume the bank debt they took the hit and now they're rebuilding everybody is bankrupt that's the bottom line now the issue is are we going to kick the can down the road or just hunker down take the hit like the icelanders the icelanders did take the hit and just get it over with i mean i'm always in favor of just taking the hit now rather than later because later going to be worse but of course it's a politically unpopular decision to make and so you know you have what's what's going on now in ireland that they're trying to kick the can down the road and i think it's a lot of the irish people who recognize that now would be the time to take the pain and suffering because it will be longer in the long run i mean it'll it'll it'll hurt more in the long run so you know it's a mass everybody's broke they should just get it over with but it's it's trying to recapture the glory days and trying to go back to a time that in and of itself was a fairy land i mean wasn't real but trying to go back to those good old days that's

killing the world economy and that's why the whole the world economy if you think about it this is is grinding down into a depression i mean everybody talks about the black they you know the famous black beauty after thanksgiving which is a big you know sales day and united states it was only a point three percent higher than the year before and what does that tell you it tells you that people are hunkering down there's there's no growth there's no consumption i mean those those days are gone i mean so we might as well try to. move forward and try to rebuild and make all the sacrifices that have to be made now and do like the icelanders are doing you know take the hit so the celtic tiger has a thorn in its paw and it should pull that thorn out immediately and set of letting it stay in there and fester yeah otherwise it'll just turn into the angry gang green they've got to cut it off and then you're going to have all those leprechauns extinct. and that's it no more but they have a very vibrant export market in dirt people like to buy irish dirt and give them

a sense of the old days before the i.m.f. came and made them all debt slaves all right again zollo lira thanks again for being on the kaiser report great to talk to you again it's a pleasure as always thanks max all right and that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert i want to thank my guests gonzalo lira is going to send me an e-mail please do so at kaiser reporting r t t v are you until next time this is max guys are saying.

for the full story we've got. the biggest issues get a human voice face to face with the news makers. the official. pulled from the dumpster. on the good. video. ati's minefield comes and says feed now with the palm of your. question on the dot com.