easy to. say. this is all tedious check out the made headlines this hour gunfire and explosions also heard of across tripoli as u.n. forces pressed song of the no fly zone over libya meanwhile the international concerns concerned muslim civilians since. the u.s. has rushed to join the military effort in libya despite already having to pay billions for own comfort zones where sparking debate over who benefits from some spent. hours names efforts to stabilize the democrats is up and pushing the need

for gods of korku suspended for unexplained certain conditions. but next to not since they see on earth the scandals beneath the latest financial headlines and the cars report next. for the full story we've got lead from. the biggest issues good human voice face to face with the news makers. i am x. factor in this is the kaiser of course you know paul watson skipper of the sea shepherd has been battling the japanese whalers for years and he's winning japanese whaling industry had to pull back from their illegal slaughter of whales paul watson describes the economics of the whalers as the economics of extinction they put the tuner that they catch in that industry the tune industry and they put it in

freezers and they wait for the species to become extinct and then the price goes higher same thing for whales now this theory of the economics of extinction we see it being played out the nuclear energy and the population of japan itself are the remaining japanese population are going to skyrocket in value because of this theory that the more worse you screw up our economy the higher prices go the spring and states maxwell speaking of extinction in relation to the japanese nuclear disaster and documentation is emerging from one thousand nine hundred eighty when this plant and this reactor was designed that the three nuclear scientists working on it resigned because it was so unsafe this reactor built by the u.s. government and the department of energy was also aware of this but they decided not to do anything because it would essentially make the nuclear industry extinct wreckless their reckless and their they out of they fall the masters of blind profiteering and human life is worth nothing at this is this is coming back to

haunt japan the simplest theory that you can cause extinction and increase price rises artificially tell us more this is a theory this is a theme that this global we live in must come to terms with because. playground economies all over the world in the us in the u.k. japan all over the industrialized nations the more they kill and slaughter the higher the prices go making a few people rich ok we're going to see them before oh my god well they're often selling us the story that look on the bright side of all of these disasters that's the heart of this disaster capitalism that we operate in so here's the headline fukushima is a triumph for nuclear power build more reactors now exclamation point quake plus tsunami equals one minor radiation dose so far so this is offered by louis page of the register and his analysis shows quote japan's nuclear power plants are performed magnificently in the face of

a disaster hugely greater than they were designed to withstand the waiting entirely safe throughout in sustaining only minor damage the unfolding fukushima story has enormously strengthen the case for advanced nations including japan to build more nuclear power plants and the knowledge that no imaginable disaster can result in serious problems that's propaganda propaganda from the nuclear industry from the japanese energy companies propaganda i mean you know world war two how about propaganda during i mean japan suffered enormously and now they want to repeat the mistakes of what caused their pain from the forty's and they want to do it for themselves paul themselves to experience the pain by themselves are you just insanely all committing it industrial system suicide for a loss for a loss but once the money enters the equation there is always one or two or three or four handful of guys willing to do anything in the economics of extinction or

dealing with dictators or killing people or slaughtering people for a few bucks and you know this brings me to this next headline max exclusive safe once money back from start cozy so you know sarkozy is leading the way. he's france is the first government to recognize the rebels in libya as the legitimate government so here's a follow islam gadhafi being interviewed on euro news and the interviewer asked what do you think of sarkozy in france recognizing the rebels and here see if the answer so of course you have firstly because you must repay libya the money he took for his election campaign we financed election campaign and we have all due to you and we're ready to publish the first thing we ask you to scrounge. to repay this money to the libyan people that we helped you become president so that he would help the libyan people but he's disappointed us and very soon will publish all the details from the documents down to the bank gadhafi and his son by publishing the

transcripts from the french government and by making the comment that they have concerning hillary clinton are emerging as the true statesmen in the world. daffy is emerging as somebody who is honest and honestly and same whereas you when you hear clinton she's masking her insanity when you hear the they're the leaders in japan they're masking their insanity by trying to. parse their comments regarding this particular industry as pro growth which is as insane as what could daffy is talking about khadafi is in a lot of ways stripping away the artifice of the neo liberalism disaster capitalism and he's going old school he's going out of all old school just conquer you know if you strip away the propaganda sarkozy for example you might have somebody that

looks lately like khadafi who is a statesman as he kills his people he does kill thousands and thousands rarely clinton and prayer to clinton he's a statesman compared to obama he's a statesman compared to the japanese government he is the state's well. of the ages i mean look america spends what one half trillion dollars a year on military budgets that god bases all over the world they're bankrupt in their own society to keep themselves safe from terrorists here they have a guy could help us obviously the cycle profit guys willing to kill zone people like hussein did it would take one gunmen drove the same unmanned drones that they use and pakistan afghanistan iraq take out the guy for fifty says no they're not going to do that well because simple tony blair he's a pet of the obama he's a good general electric he's good and gadhafi got all the same for the writers for all. but i also know that it's baghdad and was it what's clinton doing she's popular knows she's going up and she's retired she's you know it's your retirement

. whether she go. oh. well i mean does it look like well this he's setting the tone he's so the stage i mean i every wish a star kristen i predict within a year people in the paris fashion shows in the lead in paris will be wearing the gadhafi look you know that better when. american deserter lifestyle man these hippies cool he's a he's a psychopath probably also is he capitalism at its best in terms of wiki leaks has offered a new bar a new example a new sort of competition before dictators used to just like come and retire in the south of france that was their only option that or be killed now they have the option of becoming a competitor to wiki leaks and this is something that a lot of these dictators have documentation and for example when we were in cairo and they all the protesters stormed the state security buildings they found tortured documents which proved american complicity in the torture going on there

well you mentioned a key word there competition yeah and unfortunately those countries like the u.s. and britain that espouse this idea of common competitive competitiveness they're anything but competitive and i see obama wants to push through some new copyright laws that would make a. even more difficult for people to share information on on line because of these new dry cleaning copyright laws this in fact is another example of the us failing to compete in the post nine eleven crybaby period of it's just three it's that was going to fix that diaper and just compete on the amount of you know that they can put into the global diaper because that's only thing they're good at don't make you realize. well here's a scary headline i might stop laughing u.s. food price rises steep it's in decades in february food prices in america sort of the fastest rate since the one nine hundred seventy four the cost of producing finished foods jumped three point nine percent last month from a year earlier as harsh winter weather exacerbated the already increasing price of

many basic ingredients including the food there is a bright side of this inflation mix oh do tell that red hot p.p.i. number just proved that the inflation threat is a myth and this is a headline from who do you think business insider joe is involved correct so he's saying the producer price index that we just talked about with food price inputs and energy price inputs are increasing the cost to producers to manufacture things like food the fear though has been that food and energy inflation might somehow affect core inflation well that hasn't happened in fact that's cooling a little bit from january when core was that point five percent now it's only eight point two percent well. recently a government official in the us made the point that prices are going up or food are going down for things like i pads because you can buy the same two that you bought i pad one for the same price must go twice the processing power therefore inflation is going down. and that's the kind of your daughter just wants and malarkey to hear

from the government who manipulate the system to make it look like they don't need to raise interest rates to pay pensioners the money that they owe them that's going to the big scam because otherwise if you raise interest rates these are us economy comes down like a screeching clumsy assed made off. hole of debt but of course they can't deal with that so they keep saying there's no inflation but we don't need to raise interest rates it's all good and you've got joe ways of his gang you know cheerleading the corruption on this from the sidelines but it also demonstrates that pretty much the only thing that separates the first world from the third world now is propaganda there's an illusion of everything is ok in the first world whereas for example this inflation numbers zimbabwe doesn't know how to like do donek adjustment well i saw a headline actually that the inflation rate in zimbabwe now is less than the u.k. yeah so inflation in the u.k. top line inflation is running ahead of the bubble in the u.k. unemployment the u.k.

just had a new seventeen year high the entire post margaret thatcher curry's been a complete failure because that neoliberal model is intellectually bereft of anything that makes any frankincense speak of bereft of anything that makes any sense these final three headlines here show you the real problem that we face in the world first is a tweet i saw japanese nuclear worker on the news i'm prepared to die to avoid meltdown so you have fifty workers in the nuclear power plant in fukushima who are in there with high radiation levels willing to die to save the rest of the world at least their country which is the exact opposite of what bankers did when faced with our financial meltdown they did everything to throw all of the toxic waste all of the risk all of the danger to their population and save themselves only it's an excellent point i mean can you imagine hank paulson going for congress and saying we are. astroid the banking system i'm going to fall on my stored i'm going to take

myself out japanese style to prove that schmuck but no he got the rest of the government to bail out his banking buddies and coleman sachs and j.p. morgan contrast that with this fella is like i'm going to die for my country by helping to restore this problem down there at the nuke plant and in fact will prove it further in this headline form bankers flee tokyo as nuclear crisis deepens apparently private jet operators are saying they can charge anything they want because these guys are showing up and are willing to pay whatever it takes to get out of the country that they're using their bailout money gifted to them from the corrupt banks to pay half a million or a million a flight to get out of the problem they created thanks you courageous bankers but this is also that mad max world we see is that here's the good guy he dies in the nuclear meltdown he's sacrifices himself and all of these schmucks and hard core criminals are the ones that flee on the private jets and leave the carcass of their

colonies that they created behind well son i'll bet is actually stays there but i understand that during this crisis barack obama was actually able to get his handicap down he's now golfing with a i think a nine handicap. you're really working hard there are a stupid number thank so much being on the press report thank you don't go away when i come back i'll be ripping apart joe wiesenthal from business insider so stay right there. right. from feinstein. these firms top team. players

well. bringing you the latest in science and technology from around russia. we've got the future coverage. welcome back to the kaiser report you know nobody goes to drugs reporter huffington post anymore they go to business insider dot com why this man joe wilson call the sierra the oracle of the no world walter welcome back to the kaiser report thanks for having me it's been a long time all right joe let's let's hop into it here you are a legendary paper bug. but i love paper i love printed currency i love central banks that big the way to prosperity is to just print more and more that's right and but somehow you managed to see the silver lining of just about

every mushroom cloud out there so you're you're conflicted about in your soul joe you need to seek an exorcist and have that devil of paper bugged him removed but anyway joe wiesenthal nuclear disaster in japan revolutions in the middle east north africa chaos reigns and yet you know with all your still paperboy you still kind of see things. japan is faced with the exit an existential crisis and everyone wants to buy yen what is this collapsed going to happen this is a great paper this club every time a country's economy gets into trouble every time you people would be on the precipice of doom people buy dollars they buy swiss franc and they buy begin and you know i did see i've been sick silver gold surging since the earthquake you know when the gore gets tough the tough go for paper right the gold and silver of consolidating their momentous gains against the dollar and every other fee out worthless piece of garbage out there as the world begins to realize that they can't

just print their way out of problems and i let me just cut into something here i just thought of the top of the top top of the show i'm very curious your thoughts on this company out of chicago groupon last year they raise money to a billion. valuation i saw a headline on business insider dot com today that they are talking to goldman and j.p. morgan about an i.p.o. this year at a twenty five billion dollar valuation i don't think a lot of people around the world it companies only two years old and probably not unfamiliar with the story he give people an idea what this company is all about how they valuation jump so high so quick it's a good story credible story it's the fastest growing billion dollar company of all time the basic idea is you know they send out one email a day to its users offering their great daily deal in their town or theoretically great. so you know for pizza or have drinks or they've had some really hysterical ones like fall threats reduction surgery stuff like that and people going crazy for

it it works so they hire great writers and it's become a big substation all around the country you know is a great business is twenty five go it seemed like a lot of money yeah absolutely is it a sign that we're in a new bubble it very well could be but the business is real ok so this is part of the whole wave of social networking and web two point zero i.p.o.'s possibly coming this year you got link then dot com twitter dot com groupon dot com this is really the second coming of the internet and all the we saw back in the ninety's late ninety's a huge increase in i.p.o. was of course many blodget over there business insider well known for its coverage of the space at that time and so for you guys and henry this must be like you know mana from heaven because this really falls into your area i would i would guess from the top level of expertise and the people who are asking this question joey's ball is it similar to the late ninety's in terms of being a bubble or as we learned our lessons and this is different i think you know like

any they there are similarities and differences you know one of the good the companies coming public now or that are about to a real business or group one is real business facebook is a real business linked into the business and look you don't see this talk about twitter i.p.o. ing and it's not be. it a real business of a lot of people's eyes so there is some discretion even among companies and you know another difference is that it hasn't been about mom and pop speculatively put it there for a one k. of the stocks it's more serious private investors who make mistakes obviously and can are prone to maine as to what it is and this public phenomenon of everyone investing in it so yeah you know some of these valuations do seem really high but at the same time just you know there's i believe this is more based on actual fundamentals and business i want to talk about something that happened just in the last three weeks it's an interesting cross between pop culture internet culture twitter charlie sheen flamed out over his big t.v.

show but he got three close to three million twitter followers in two weeks and he seems to have invented and conan o'brien before him when he got fired from is network gate took it to twitter and reinvented himself in a lot of ways but this seems to be an interesting challenge to old hollywood if you well i don't have to give much thought to this but if star is going to. he is more followers on twitter that whoever was two and a half men. and when he was doing his nightly you know charlie's corner live video. they went totally nuts i mean i think it's kind of like people already over it like you know for the first week of the charlie sheen game people went nuts and you mentioned and now i think people already kind of bored of his antics but you know as a concept this idea that someone can just you know totally say screw you to the network execs and become a star directly to his fans is huge just got to be incredibly threatening to

destroy dio's that they can do this right so the hollywood has been blindsided by the internet every step of the way they just they the only response seems to be to strengthen you know converse lee people have been calling for the death of t.v. for years now like oh noes you don't watch t.v. anymore never. i was cutting the cord in just and watched internet on t.v. and there hasn't happened not even slightly for people still believe that america is still addicted to their t.v.'s at large it some ridiculously number of hours per day and so it hasn't happened yet people been calling for the death of t.v. for a while it's going to be a little lost right but a company like netflix another internet wunderkind is now commissioning original t.v. content directly so they're bypassing the agencies bypassing the studios and first i was kind of skeptical because a lot of these like oh we're going to do our own content things sound a little weird but someone pointed out to me you know it's like h.b.o. does it's own content they started all this distribution platform for movies and t.v. shows they started getting into their own t.v. shows and it's been a huge hit and a reason why people are switching to h.b.o.

if they can get really good quality like. well produced dramas like h.b.o. has i could totally see it being a successful business all right let's talk about a couple of the competitors in this space if you go to business insider dot com you would think that you guys were you know on the payroll of apple computer or something now that's not true i'm not saying that that's true but you seem to be proud of apple an awful lot so but of course apple is now the second biggest market capitalized company in the world so it makes sense that you would cover but they have course want to get into this business amazon dot com want to get into the streaming business netflix is in the business how do you see the three companies in the next couple of years who's going to be the winner of the loser what do you think i was involved i don't you know i would say there could be multiple winners but i do think that netflix faces a real challenge i think amazon is a really interesting one people have a affinity an addiction to amazon services kind of like they have netflix people of their amazon prime people like music store and amazon people love the kindle so you

know adding a streaming element to the web site that could be bundled in with one of those things i don't see it being a real hit and you know you can apple's huge they've they've had some flops in some of these experiments specially when they try to get into t.v. and stuff like that but. you can just tell them in the real. we talk about apple so much as people are just obsessed with a new every new product you know every time one of steve jobs does a keynote for one of his new products people go totally insane for want to see it so it's not really us that are obsessed with apple look we want to we're in the business of getting people to read our stuff if people were obsessed with it we wouldn't write about it let's shift gears for a second although another company going public this year is a company called it's basically owned by penthouse it's called it's a dating service online oh right adult friend finder adult friend finder i know you know the name of it yeah right and but i only because i read about it today oh yeah what is the chat roulette going public that would seem like a natural i want to know i chat roulette

a few times tell me the ball no i've never been on it but that's when you know i have i have once or twice but that's what you want if you want to look for the bubble would chat roulette goes public i think you could stick a fork in it we could come back here and say alright it's gone too far alright let's say in the in a in the minutes we have remaining here let's go back to your your main psychosis and your obsession with paper ben bernanke and how this is somehow going to be a legitimate form of economic construction the over there in japan. they've been used buyers of u.s. government treasury bonds are they going to be able to refinance their economy while simultaneously helping to finance the u.s. economy this idea that japan or china or someone is going to dump u.s. treasuries it's been like the longest running myth forever people been calling for the japan to go bankrupt forever or the like oh this is the year that they finally can't service their debt anymore and you know actually i think the problem is that people think about us day in jeopardy is dead they're thinking about it as though

we're on a gold standard and they think about as though the there's this finite amount of currency in place and that's why they keep making the error that we're all going to go bankrupt when it back because we're not you have to think about the debt fundamentally differently and it's not going to be an issue if i'm a donut shop and i'm selling down. for a dollar and they cost me a dollar five cents to produce and i'm losing five cents on every down it is not a good business to be in no ok so the u.s. fed in the bank of japan and the bank of england their currencies are collapsing their economies are collapsing because they go there are always there are a lot of sick japan has been in some form of quantitative easing for basically twenty years now and the yen is that all time highs what do you explain that or what do you rectify that with your view of how the economy works because they blew through a huge multi trying dollar savings account they're now that importers of capital and they weren't for export as a capital and along with all the duffy i currencies are heading into the into the gutter and this is obviously this is a deliberate discounting this transition away from these overly embedded economies

let me ask your question what percentage of income in the u.s. is applied toward service saying america's debt wiesenthal i don't know the number but it's actually a low as we haven't seen twenty years it's called positive business you don't know the number because you don't want to know the number you don't want to face the my own situation it's fifteen percent i post this big percent of the income going servicing debt it was in the late ninety's it was only i shocking amount the numbers what i post is video on our site i'm going to include this chart to show that the percentage of debt service has actually gone down as a percentage of g.d.p. that's right given enough slices of pizza and cups of coffee you can look at a chart upside down and draw completely separate in opposite conclusions that i'm just you know i'm just going to put the chart and all of that speak for itself it'll be the chart of the day no doubt business it will be the chart of the day that will give me an excuse to run this video i notice also you have the chart of the day that did make it to being chart of the day these are the also ran charts of

the day i thought out experiment that actually people didn't and caring about that i thought people would be excited to know what my other thinking was as i was doing decided by pete turns out people didn't care so i have a broken one back well i noticed on alexa the traffic over there is insider is. looming higher and i'm sure you all are looking forward to your own little event as they say at some point if this market continues to be hot but in the meantime job the i.p.o. maybe then you will come back here and soccer in a bubble no doubt all right well until then about against to further delve into the misperceptions one has concerning its on the paper vs battles and thanksgiving on the kaiser report thanks for having me all right and that's going to do it for this edition of the cries a report with a nice geyser and stacy herbert and our thank my guests always and all of business insider dot com if you want to send me an e-mail please do at kaiser report at r t

t v are you all next on this is next guys are saying. great for the food we've got. the biggest issues did the human voice cease to face with the news makers.