otoh the grand imperial tried. to. close. the hotel treat. hello you're watching r t the international news from moscow our top story the winner is russia millions across the country are on cloud nine tonight is free for announces the host of the twenty eight world cup. twenty eighteen feet. playground john the money will be organized in. competition from the u.k. as well as spain and portugal belgium and the netherlands the journey that secured

russia the ultimate goal and we'll be showing you how people across the country are celebrating. it's a great thing that such a big event will take place. a lot of tourists will come it's great for a country new country russia will be the leader. it's nice to see there's still some spirit of patriotism and i feel happy. just one of the main story from us to washington in hot water for a new leak exposes its true colors opinions of a so-called corrupt russia raise questions over u.s. politicians and. secret diplomatic cables are just the latest in a string of documents released by the whistle blowing web site wiki leaks. could be up to one thirty to. thirty minutes in the company of the man they call max kaiser this edition of the show it takes a look at the stricken irish economy and us just how the emerald found itself in

such a perilous financial position. and this is the kaiser report number one hundred that's right one hundred pure blissful episodes of markets finance and scandal and stacey erbert you're back in 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 crash j.p. morgan buy sell her videos let's take a look at it would turn out the crash j.p. morgan by a sure autograph signing today thanks to mexico you were told these were the motions to be the. old thank you all

for all she's really drove me crazy i signed your show over. want to see you. know that's our demographic. that's like fox news a demographic a seventy seventy five years old and up that meter out the seven and 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 war's over if you wanted you know a whole generation got together in the end of 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 in. 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 well 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 the cars report from bed well so the war mongers as you said they could be stopped that warmongers are the same as the banks there's now if you want it now that isn't the next headline the terrorists got everything they wanted ollie rehn no haircuts for senior bond holders so ollie 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 he fucked up to be a first that would be. and you pour them to sort of financing him into for. her over seventy don't holler 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 activation regardless of the fact that it would have been cheaper to us 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 a cash they did leveraged buyouts and they stole the wealth i met in 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 i think 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 but i have no money they think i have no money they have their bank worse than anybody and 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 h.s.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 can't be this 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 remember in the age of five currency stacie since the seventy's we've had all the fianna currencies there is no supply and demand there is no economics it's just financial propaganda and if you want your own financial propaganda and magine silver at five hundred you can do it if you want it 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 the protest at this bailout from that quote unquote bailout from the e.u. and i.m.f. now ten billion euros of that eighty five billion euros will cost straight to the crippled banks. and twenty five billion euro is being air marked for banks to pour 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 country 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 hey let's 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 there is 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 when 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 recount 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 . 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 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 bit of what farage says to the european parliamentarians but if do you would more seriously economics because if you roll people of their identity you wrote them of their democracy but left with its nationalism. i can only hope and pray that the euro project is destroyed by the markets before that really happens yes yes nationalism and violence well it doesn't have 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 the 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 there 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 counts ana 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 our brussels big data suite but this is wiki leaks right this is from wiki leaks data so hillary clinton ordered the u.n. . to be this together so extraordinary i mean here hillary clinton is engaging in identity theft she's engaging in identity theft stealing credit cards from you and . to get out of 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 known as 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. or 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 bankers ripping you off and you sitting there looking for the answers and the only answer is the answer we've provided on our show episode one hundred. days of your word thanks so much for being on the kaiser report up with one hundred thank you mancs all right don't go away we're going to be talking more about the maxus daisy bettin stay right there. was that

so much to do you should be sitting on the market playing a failure this is so many see the upcoming talks between iran and western powers and why is this meeting taking place at all and its failures. right. from steve. stone totty don't. welcome back to the kaiser report time now to go to chile and speak with the solow lira it's a pleasure being on your show once again i want to talk about ireland in

a second but let's talk about something else first you were talking. about the fundamental flaw that it is the euro because there is 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 very sophisticated currency peg but it's the same thing that happened in latin american biggies remember all those small and american countries of the all peg 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 and genuine and you have the weak her economies on the periphery you know we all know them the pigs portugal ireland italy greece spain

and they all went to debt that they couldn't afford and now they're paying for it and the worst the tragedy of course is that see in the eighty's and when america these small countries that have their currency pegged 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 in the european monetary union they can't do that they're stuck with the euro so even though they might be restructuring their debt isn't the case of reese and now arland maybe are. they're starting we stuck with the euro which is going to make them uncompetitive and so they're going to keep on spiraling down so they're really just kicking the can down the road they're not you know 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 having approximately the same yield but then as time for

grad. 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 imp 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 survival if it is but all these promises i.e. hedge funds are not hedge funds you know the banks really the proper aids they're all getting bailed out by. by the government you know i mean bizarre maybe banks are inflicting a lot of this damage and who is financing the zombie banks you know the governments you know so it's just this corrupt morass and i don't know how to fix it except you

know allowing some soup. 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 that a little bit more you're talking me mention 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 morehouse moral hazard moral hazard they've got hundreds of billions of dollars to just keep making the mistake over same 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 had 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 desk trading arbitrage or wielding financial terrorists 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 and these funds to pick it off and to destroy it for their own gain

just pay them off and destroy it for their own gain i mean be. 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 how because the liabilities of their largest banks were over twice the total g.d.p. of ireland i mean they 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 because you know they're 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 is totally bankrupt in 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 a certain it's for their their their burnishing their resume by taking ireland down number one and number two in terms of what 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 an agenda here which is to line their own pockets well actually i disagree i always send 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 they have an eye on to future jobs in you know 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. they just took short termism and then they just ran amok with it and so far as arlen is concerned you know you asked me before where there or where there was a the banks that are responsible for this i have to ask you 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 bets 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 they 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 do not accept this bailout and simply default which i think would be the rational 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 that 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 to someone's home and in fact i think it will turn a lot worse right well if you take a page from iceland's playbook they let their 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 a 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 to be worse but of course it's a politically unpopular decision to make and so you know you know what's what's going on now in ireland that they're trying to kick the can. 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'll 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 day black day 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's of pull that thorn out immediately instead of letting it stay in there and fester yeah and otherwise they'll just turn into gang green

gang green they've got to cut enough. and then you can 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.

in india oh jeez i'm a the believe movie going to join the hotel rooms.