plastic chickens eating plastic eggs or chilling down on some plastic rice we're going to be talking about that shortly but first let's bring in the state you see her over that sky is there a you know what the biggest story of course is this revolution sweeping the world revolutions the one in egypt of course everybody's looking for the cause is inflation and the inflation of food prices is that the rising inequality reflected in the gini coefficient index here's some reasons that i'm going to look at first headline tony blair mubarak is quote immensely courageous and a force for good but yes he actually said this on the piers morgan show we're not going to actually listen to his words because i just can't stand listening to him but i'm going to say what i think he was actually saying mubarak is immensely courageous for looting so much money from his people so openly and brazenly and a force for good kickbacks barack obama tony blair they're good if there's

a revolution great will send them the vodaphone in the starbucks no revolution great will send in some bombers and some tear gas canisters we make money no matter what happens because we're over drug stores and politicians but the other important thing about this this is. class of global kleptocrats globally connected elite who plunder their own countries together and this brings me to this next story egypt's mubarak likely to retain vast wealth mubarak family may have as much as seventy billion dollars stashed away a money jim ol who is a professor at princeton said that mubarak's assets are most likely in banks outside of egypt possibly in the united kingdom and switzerland mubarak his wife and two sons were able to also accumulate wealth through a number of business partnerships with foreigners well the club to craft the plunder together stay together you know this is the global kleptocratic class and

they are all working together there colluding as adam smith pointed out in any situation where capitalism is the prevailing economic model you have naturally a to propensity toward collusion and that's why you need very stiff regulations to try to keep these guys from fixing prices but all the regulations are now in the mid two thousand a lot of the regulations that were taken away in egypt it was deregulated and this is when the wealth and income gap just skyrocketed and it's also why the central bank for their money printing to feed the pockets of the kleptocrats of causes huge spike in food prices so as you know as you point out it's a combination of the gini coefficient which measures the wealth or income gap around the world plus the relative amount that is spent personal income on food so in a in egypt much of the personal income goes to food plus you have the gini coefficient exploding equals revolution so if you want to handicap which countries are next to

pop that's the way you do it well i have a headline here max if inequality is a factor for egypt. if you take a look at that little chart this is the journey coefficient index which zero is perfect equality everybody is. exactly the equal amount one hundred is only one person owns all of the wealth of the nation so the closer one hundred you are the higher the number the more on equal it is pakistan is thirty point six egypt thirty four israel thirty nine point two tunisia forty and the us forty five yeah the us is very high on that list which would portend insurrection and regime change but the thing that keeps it from happening is that percentage of income toward food is still low because of the us dollars world reserve currency so food and energy are still relatively low this is what is keeping the wave of global insurrection at bay in a country like the us but it will get there and when it does get there it'll be three

hundred sixty degrees of global insurrection against banker occupation and then we can hope to see a complete total global regime change of all the corrupt bankers including life masters over there j.p. morgan who will be talking about blank in the second half so don't go away but but what i would tell he was tell slower more your so it's more ok we're talking about the global insurrection against banker occupation part of the things that bankers have done is create volatility in their major agricultural products and inflation here they have i mean it's not since reconstruction how we've seen cotton this high that's right the price of cotton is skyrocketing it's one hundred fifty year high not since the civil war in reconstruction in the carpetbaggers the famous down there in the south of america has been so high and as i've been saying on the show stays ever before long the number one player occupation in america will be cotton picking and the going to course thing those old spirituals like jump down turn

around pick about cotton and others. well another part of the reason is you see this inflation hitting china and slow china the chinese take a cotton to hoarding apparently farmers in china are hoarding their cotton up to nine percent of the world's cotton supply and the reason being that they are holding out for higher prices even though they're at one hundred fifty year high they're aiming to help overcome higher costs of labor and fertilizer the cost of fertilizer for example is up twenty percent in the last year or so they're not covering their costs even with cotton at one hundred fifty year highs right well fertilizer of course as a chemical petroleum based product in the price of oil is skyrocketing as well it's important keep in mind that the reason these prices are skyrocketing sunk because of increased demand on the side of the user is not because suddenly there's a demand for food in oil the reason the prices are going eyes the supply of cheap money that was thrown into the system after the credit crash of the two thousand

and seven two thousand and eight period in the banks on wall street told the federal reserve we need money to pay our our young payments and we can't get it because the system is frozen can you please give us two trillion dollars and ben bernanke he said ok here's two trillion dollars so the bankers on wall street could pay their yacht payments but it have the perverse effect of feeding speculation in agricultural commodities and cotton to the point were starving people in these countries so once again to give you the formulation wall street bankers fed starving people fed gives the money to the bankers who make their yacht payments but it has the perverse effect of starving people around the world so wall street bankers are starving people like jamie diamond is committing murder he's killing people. so the starving people are not fed because of the fed right to say it is causing people not to be fed. well we've always talked about how inflation.

it helps the rich because of course they own the assets into which a lot of the money goes but also they get money for zero percent from the fed and then are able to speculate on all sorts of products and quickly think of it as a river email the river flows down so that the fed creates a flow of cash and the people toward live near the fed like on wall street that they get the fresh water the clean water need to live downstream you get the dirty water and that's the what happens in the global financial markets and it increases the price of agricultural products food and we see that related to these headlines these coming out these just these charts actually to show you what the difference between the revolutions happening in the middle east and why no revolution has yet happened in asia so if you take a look at this wheat chart you'll see it's rocketing and then take a look at the rice chart you'll see that that's not gone up nearly as much so because rice has not gone up the main staple of the peasant in asia you're not

seeing as much perhaps yet strife right but the whole commodity complex is moving higher due to this incredible influx of money that's been directed by the bankers for the bankers at the exclusion of the rest of the global population no willing to commit mass genocide of the global population by increasing food prices to the extent of causing starvation just to keep that multi hundred billion dollar bonus peel pool active on wall street that's the only reason this is happening those people are culpable in a mass homicide mass genocide. well just to show you another reason why perhaps the prices and to increase as much here's the headline for you max china makes fake rice from plastic vietnam reacts so parenting according to a korean language weekly hong kong newspaper china is mass producing fake rice this rice is a mix of potatoes sweet potatoes and plastic it is formed by mixing the potatoes

and sweet potatoes into the shape of rice greens then adding industrial synthetic resins apparently experts are advising that synthetic resins can be very harmful consumed and a chinese restaurant association official said that using three bowls of this fake rice would be like eating one plastic bag this is like eating you know plus the old know it all wrong all who post on forms go through those little overlook those those delicious this completely fake rice of course in china now they have the added situation i guess you could call mcdonald's has half of their restaurants going forward will be these drives the restaurants up presumably will be going through a drive through restaurant on the highway in the middle of a ghost city in china ordering a big bag made out of plastic rice and trying to drink on the macside may also point out the fake stimulus fake money printing fake g.d.p. growth fake goods and services being produced is to causing us forcing us to

consume fake food it's not food because we can't afford real food because we have no real growth we have no real economy we have no real industry we only have fake stuff to make sense so we're only eating fake food so you have fake currencies and is causing fake food because the real food now is too expensive nobody can afford real food is that making fake food. and so final headline here max iceland proves ireland did wrong things sacrificing taxpayers. ok this is from bloomberg apparently unlike other nations including the u.s. and ireland which injected billions of dollars of capital into their financial institutions to keep them afloat iceland placed its biggest lenders and receivership it chose not to protect creditors of the country's banks whose assets have ballooned to two hundred nine billion dollars eleven times the gross domestic product and the icelandic economy this year is projected to grow three percent bloomberg says iceland's decision to let the banks fail is looking smart and may

prove to be a model for other absolutely that's what we've been saying on the show michael hudson dr michael hudson economist has been advising countries to close their banks and default on the loans but i might add max actually for one hundred fifty years since cotton was at a last all time high we have known that if you let the failures fail and you don't rescue them this is the heart of what capitalism is supposed to be not rescue and bail out the crony capitalists the neo liberal crony capitalists know where that would be capitalism but we don't talk about capitals only in iceland define capitalism exactly but it's not a new model it's an old old model and bloomberg is talking about it as if it is a new model that wow we're shocked how is this happening wow maybe we should all study this but there are thousands of books about this do you could study that we could have looked at that most of the idea of

a free market capitalism and competition has been and is so horribly diluted and ignored during this crisis that the idea of actually having a company or a bank fail is considered new by bloomberg this is a new idea yes well capitalism is something brimming with crazy kid. you complete and if you don't win you know you've got to be shuffled off unless somebody else try. wow what a concept i wonder if that'll catch on well in iceland i think about gets on before plastic rice does ok stacey thanks so much for being on the kaiser report thank you mike all right now when we come back a new book about that tyrants blith masters i'll be here with the author don't go away plenty of fireworks coming your way.

for the full story we've gone to. the biggest issues get the human voice face to face with the news makers on. ok we are back this is the kaiser report you know every crisis in the world usually can be traced back to a woman who's now the financial crisis is no exception here she is. blith masters this is the the woman who is at the heart of the entire global financial meltdown she's the power behind lloyd blankfein she's the power behind j.p. morgan i've got pierre gena novick german who is complex so much for being on the show i want to jump right in here and talk about exxon valdez catastrophe yes and

talk a little bit about that as covered in the book of course it's covered the exxon valdez was the facts which helped to create two credit default swap because a jeep in morgan didn't wanted to lend to eggs and five billion dollars without any guarantees they were scared that they might go bankrupt ok so this was after the exxon valdez or catastrophe rights and they couldn't get any money they couldn't borrow any money so blessed master to say actually she's the inventor of the credit default swap this is the origin of this and this is the the instrument effectively that has mushroomed to become the key the terrorist financial terrorist weapon of choice and the domestic stronger in fact in this is that she went to a bank which was invented by the french president also me to home to to be. a bunco pm and she convinced the president at the time to swap the

default of x. on. this summit and it was you know like the holt as we used to say in french of before the revolution and this is how everything started because it was easy money . said ok if eggs involved is going to examine so it is going to be bankrupt would be a difference who paid five billion dollars back to the j.p. morgan so sense that going forward from that moment exxon valdez what was the. what's the next major milestone in this kind of the history of the major was the. introduction and public introduction of the concept the the till he concept which was called again was a french name bistro like a french coffee you know and that was introduced to the public in ninety ninety eight in new york along with tomatoes it was a huge party in new york to distributed her what they called her black book.

it was g.p. morgan interaction introduction to credit derivatives on which she wrote and her name was wasn't there so this is her book the black book is for me the has the extreme the same force as the capital of comics or do the little red book of mao because the effect of this just tiny book is absolutely amazing it's just destroying the whole world exactly that that's capital you know land give wars all over europe and out of my book is like a repudiation of capitalism it's the opposite of capitalism it's saying we don't want to compete anymore we just want to create spells from our little black cauldron of derivatives to make us rich and everyone else poor and now the this little black book what is exactly black masters what is your actual position within

j.p. morgan what your title what what it has to fit in here how else is the head of committees so she gave up on the kurds a full swaps in two thousand and seven on the on the fifteen or seventeen of. the member and she gets her title of head of commodities and science then this is extremely interesting because at least what you can see in this book is that what is interesting is not that the fact that she invented the credit default swap what is interesting is that science two thousand and seven she's buying. commodities she's buying through foods she's buying sugar in two thousand and seven eight she was already in brazil buying everywhere you know. sugar or pork bellies i've got soles and unnerving and this is why you know the prices are going up and to doing you're seeing the results because she. with her traders along with morgan stanley

and timing of goldman sachs you know they're just putting all the prices up and up and up and wisdom was appointed to visit burma i can't this is going to explode so this is a she says she's the mastermind if i can say of the new revolution the world wide revolution where i said the wicked witch life masters and her little black book of spells concocted to financial derivatives to monopolize commodities all over the world drive the price to unheard of levels as a way to basically this is a male imperial model doesn't because if you control the food you control the world this is a j.p. morgan to tell you things in english don't forget that she's anglo irish you just choose anguish oh my god so the empire is there right so and in your book you detail here on page thirty three actually you've got this is kind of insider information of this this is not this is this is you know this is the confidential plan of the g.p. morgan committee's. decision is actually what they're going to do in the in which

places and what they're going to buy you know department by department so it's it's extremely interesting and the introverted be fascinating thing is that i give the manuscript to the printer in the beginning of a generator and the last words were we're going to see revolution in tunisia in france in the jury oh angle and refrig because of the. rise of the group to reprocess and look what happened and it's just the beginning it is to write the beginning so for twenty five years let's say going back to the fact a reagan revolution deregulation and liberalization and it could. ation of killings of dollars of the currency that was used to create all these banking fees up until the point of the crash of two thousand and seven two thousand and eight but now we're in a position with peak credit and peak oil where it's a scramble now of the richest to control what's left of the resources so the rich so j.p. morgan goldman sachs and wall street they're basically they want to get out of the paper game they want to get out of the vienna currency game time do they want to

control the stuff that they want to control the food they want to control the industrial metals they want to control the precious mines in this decision that was made at least by by blights my service in the end of two thousand to two thousand and seven. two thousand and six because they know that the whole model of credit derivatives is going to explode you don't look at the g.p. morgan she saved the bank she said to t.p. morgan bank because her and her team then had the expertise to see that all this model of credit default swaps all the algorithmic smoko were fake were false so they didn't went into the toxic into su primes that's wired to was a book written about jamie dimon called you know the last man standing of course i mean they knew who knew it could do a whole thing has got to explode so did they were not nuts the g.p. morgan chase didn't went into the surprise stocks and stuff so do i don't claim the right claimed they know down to number one they lot of past that stuff passed through them yes they make a market they make a commission but it all ends up in pension funds and passive funds in places where

the savers and the workers of the world have no recourse and they have no ability to fight back but now of course the savors of the workers of the world in cairo and chilliness and in dublin and in athens are realizing that blights masters the wicked witch of wall street has created and concocted the most potent a ray of financial terrorist derivative products ever conceived is trying to kill them so they are fighting back through their proxies like move barack obama in egypt the proxy of life masters and the evil on wall street they're fighting back how successful will they. the infighting of the army of the of the old ration against a black master wick in which the problem is that they don't have a clue for sure hoshi's but what do interesting point you know when they finish the book and all like the idea is the french revolution was french because now we have this this whole situation of revolution war and wind it's not only in france

like two hundred years after this is going to be woman white and you have louise we need the sixteen we says to medium and you have like monsters that interesting point is that two times and compare her to mario two in it because she's extremely dedicated to she wants to be the queen of commodities so as to care about to these people who are you know the they do not exist for her her eyes are not for who the world as marie antoinette exactly and i stood up you were right in saying this is i'm saying let them eat brioche let them eat cake you saying let them eat plastic rice exactly like let me read a. virtual article for example on farmville exactly you know there's a goldman sachs is trying to get a virtual food business by quoting facebook of course they have farmville so she's marie antoinette and it is a revolution and it is caused by our food prices and going back to french mystery of course to france and italy the six things they tried to float on the acid just

the currency here which was backed by commodities and real estate which relapsed and they're not sort of terms of price of food what is was good does this exactly history is repeating his post up on the global the global no don't forget before louis sixteen do words of fact into french history was don't look you know the ngos guy can maybe she is the regular recognition of i love i don't know all that you will squat on going to john about that he invented by the way to defeat money. so and the whole thing collapsed and. there was a rumor the revolution in paris you know there was like ten or fifteen people dead you know who can compile and and this led to people where written of course you know they lost everything and know we are going to see exactly the same thing but you don't just moved here to say it won't why don't all the system worldwide situate you know with the television radio and other frank internet so it's all on the horn level of the globe is the game truly over for those who are not on the

inside of the wicked castle of bly and her j.p. morgan associates in other words well the global insurrection it was successful and the french revolution they had the reign of terror they got rid of a lot of bankers you know up up about me. but while they succeed this time or is this the end game now we're all going to be slaves j.p. morgan the plantation not it's the end of the game for also for j.p. morgan for extremely simple reason there is still four four million houses you know to be taken over by the banks so this is like eight hundred sixty billions of dollars they are not going to see so the whole game is good right now so that it didn't work and they said uli there insolvent we know that to be true they have now their balance sheet i got to join the live delegation no no assets at all except for this woman's wardrobe which is probably worth a few hundred thousand seized is the best i mean the seriously i read the book

about jamie dimon the last man standing yeah and compare what she says she has done compared to jimmy doman i mean she's you know she's definitely more interesting and . the banker and what she's doing because she's a very ensure actual sure the situation simply because it's very interesting stuff jamie diamond parts all right so that i think number that we've got to go we've got to go we've got a job just one got to go she said one thing i fall in love with credit derivatives she said she said she wanted to make the. credit the relative birth to a swamp how serious is that all right so i'd like to share a lot of back and june when the english version of. it all should be next apapa here so i thanks for being on the kaiser report thank you maxwell is going to do it for this edition of the kaiser for me max keiser and stacy herbert was like my guest pierre did on the radio that's right if you want to send me an email please do so at kaiser reported r t t v dot ru until next time this is nice guys are

saying but i know.

doogue. and.