call me. the. month old. the street. called. the kaiser report is coming your way you're on our team but first a look at how guides amid reports of numerous civilian casualties you were in forces on with their mission to impose a no fly zone over libya prototype controls is on the ground and said to be mounting attacks on rebel strongholds. and the u.s. has rushed to join the military effort in libya despite already having to pay billions for ongoing conflicts elsewhere sparking debate over who benefits from

some spending. plus japan resumes have first stabilize the damaged reactors of the fukushima nuclear power plant after work was suspended probably unexplained small commissions. and belgium is frozen without a government as dispute between two major ethnic communities continues fuelling experts predictions about the risks good spread across the rest of europe. up next max and stacey on earth the scandals beneath the latest financial hard lines in the cars are report. for the full story we've got it's. the biggest issues get the cuban voice ceased to face with the news makers. i am our skies are 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 tune out that they pass and that industry that to an industry and they put in freezers and they wait for the species to become extinct and then the press 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 going to skyrocket in value because of this theory that the worse you screw up in our economy the higher prices go let's bring in stacy maxwell speaking of extinction in relation to the japanese nuclear disaster 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 i'm safe this reactor built by g.e. the u.s.

government of 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 reckless their reckless and there they are they fall the masters of blind profiteering and human life is worth nothing at this is this is coming back to haunt japan this of this 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. employed our economies all over the world in the us in the u.k. and japan all over the industrialized nations the more that they killed slaughter the higher the price was making a few people rich but they were going to do that 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 a headline fukushima is a triumph for nuclear power build more reactors now exclamation point quake plus

tsunami equals one minor radiation goes so far so this is authored by louis page of the register and his analysis shows quote japan's nuclear power plants have 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 in the knowledge that no imaginable disaster cories ult and serious problems its propaganda is propaganda from the nuclear industry from the japanese energy companies propaganda i mean you know world war two how about propaganda there and then 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 by themselves to decrease the pain by themselves i mean are you just insanely all committing industrial systems suicide for a loss for what 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 the first in france is the first government to recognize the rebels in libya as a legitimate government so here's a fall is long could our fee be interviewed on euro news and the interviewer asked and what do you think of sarkozy in france recognizing the rebels and here say it's answer so because you have firstly because you must repay libya the money he took for his reelection campaign we financed election campaign and we have all the

details and we're ready to accomplish the first thing we ask you to clown is to repay this money to the libyan people we hope to become president so that he would help the libyan people but he's disappointed as we were and very soon will be published all the details on the documents. in a son by publishing the transcript from the french government and by making a comment that they have concerning hillary clinton are emerging as the true statesmen in the world could dappy is emerging as somebody who is onus and honestly and same whereas you when you hear clinton she's masking her insanity when you hear the there the leaders in japan they're masking their insanity by trying to. parse their comments regarding this nuclear industry as pro growth which is as insane as what

gadhafi is talking about gadhafi 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 blatantly like cut off who is a spaceman as he kills his people he does kill thousands and thousands barely clinton compared to clinton these are statesmen compared to these are statesmen compared to the top of his government he is the statesman. of the ages i mean look america spends what one half trillion dollars a year on military budgets they've got a bases all over the world they're bankrupt in their own society to keep themselves safe from terrorists here they have a guy could offer us obviously a psychopath a guy who's willing to kill zone people like hussein did or take one on man drone the same underhand drones that they use in pakistan afghanistan iraq take out the

guy for fifty cents you know that i could do that but because i didn't bet with tony blair these incredible boma he's got the general electric. and khadafi all the same pork the writers for all her cares. cannot expect that i wasn't what's clinton doing she's popular knows she's doing nothing she's retired she's a military retirement prove what you. call them well i mean it isn't like. he's setting the tone he said the stage i mean i ever watched her dress and i predict we're going to hear people in the paris fashion shows in the lead in paris will be wearing the gadhafi look you know that better when the african desert lifestyle manny's hippies cool he's a he's a psycho think of me also is a 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 mention the key word there competition yeah and unfortunately those countries like the u.s. and britain that espouse this idea of comp 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 online 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 its history its it was just complete that diaper and just compete on the amount of you know that they can put into the global diaper because that's only thing i'm good at making me laugh i'll

try well here's a scary help i know might make you stop laughing u.s. food price rises steep it's been decades in february food prices in america sort of the fastest rate since one thousand nine hundred eighty 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 max 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 was involved correct so he's saying that produces 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 point

two percent well. recently a government official in the us made the point that prices are going up for food but they're going down for things like i pads because you can buy the same tune that you bought i pad one for the same price was twice the processing power therefore inflation's going down. and that's the kind of adamic adjustments and malarkey here from the government who manipulate the system to make a look like they don't need to raise interest rates to pay pensioners the money that they owe them that's what is the big scam because otherwise if you raise interest rates the entire us economy comes down like a screeching made off hell hole of debt but of course they can't deal with that so they keep saying there's no inflation there we don't need to raise interest rates it's all good and you've got joe ways of the his gang you know cheerleading the corruption on the 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 is an illusion of everything is ok in the first world whereas for example

this inflation numbers zimbabwe doesn't know how to like if you had dominic adjustments 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 zimbabwe in the u.k. unemployment is going to set a new seventeen year high the entire post margaret thatcher period but a complete failure because that neo liberal model is intellectually bereft of anything that makes any for concerns speaking of bereft of anything that makes any sense these final two have lines 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. strike the banking system i'm going to fall on my story i'm going to take myself out japanese style to prove that i am not a schmuck but no he got the rest of the government to bail out his banking buddies at goldman sachs and j.p. morgan that 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 foreign bankers flee tokyo as nuclear crisis deepens apparently private jet operators is 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 rankers but this is also that mad max world we see is that here is the good guy he dies in the nuclear meltdown he 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 also not all bad there's actually stays there but i understand it during this crisis barack obama was actually able to get his handicap down he's now golfing with i think a nine handicap rabble you're really working hard there are a state's number thank so much being on the kaiser report thank you don't go away when i come back i'll be ripping a car joe wiesenthal from business insider so stay right there. we'll. read you the latest in science and technology from the realms where.

we've got the future covered. welcome back to the kaiser report you know nobody goes to try to report or how often to post anymore they go to business insider dot com why this man joe wilson call the sierra the oracle the no or all show 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 i love printed currency i love central banks i think the way to prosperity is to just print more and more that's right and what somehow you managed to see the silver lining in just about every mushroom cloud out there so you're you're conflicted within your soul joe you need to seek an exorcist and have that devil of paper bugged him removed but anyway joel wiesenthal nuclear disaster in japan revolutions in the middle east north africa chaos reigns and yet joe wiesenthal you're still a paperboy you still kind of see things as whatever japan is faced with the exit an existential crisis and everyone wants to buy again what is this collapse going to happen this is a great paper this collapse every time a country's economy gets into trouble every time you keep would be on the precipice of doom people by dollars they buy swiss franc and they buy begin and you know they i did see i've been seeing silver gold surging since the since the earthquake you

know when the going 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 dollar 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 and a twenty five billion dollar valuation i don't think a lot of people around the world it companies only two years old they're probably not unfamiliar with the story can you give people an idea what this company is all about how they valuation jump so high so quick it's a good story credible stories the fact 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 a great daily deal in their town or theoretically great. so you know half of pizza or half of drinks sure they've had some really hysterical ones like. press reduction surgery stuff like that and people going crazy for didn't work 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 seems 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 linked in 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.'s of course any 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 peers are asking this question joe wiesenthal 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 anything there are similarities and differences you know one of the. company's coming public now or are about to our real business is a group owns a real business facebook is a real business linked in is a business and look you don't see this talk about twitter i.p.o. ing and it's not yet a real business of a lot of people's eyes so there is some discretion even among companies. 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 are prone to manias too but it isn't this public phenomenon of everyone investing in it so yeah you know it's always 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 big took it to twitter and reinvented himself in a lot of ways but the same is to be an interesting challenge to old hollywood if you well i don't give much thought to this but if star is going to bring his 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 cast they went totally nuts i mean i think is 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 the fans is huge it's got to be incredibly frightening to the studios that they can do this right so the hollywood is. then 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 was cutting the cord and just going to watch the internet on t.v. there hasn't happened not even slightly you know 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 able to last right but a company like netflix another internet wonder can now commissioning original t.v. content directly to their bypassing the agencies bypassing the studios at first i was kind of skeptical because

a lot of these like oh we're going to do our own content thing sounds 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 for them all right let's talk about a couple of the cut 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 of 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 those three companies in the next couple of years is going to be the winner of the loser what do you think joe was involved i don't you know i 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 the music store and amazon people love the kindle so you know adding a streaming element to the website that could be bundled. with one of those things i could see it being a real hit and you know you can out was huge they've they've had some flops in some of these experiments specially when they try and get into t.v. and stuff like that but. you can just tell them and the reason we talk about apple so much is 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 joe wiesenthal no i've never been on it but i 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 all right it's gone too far all right let's say in the in the in the minutes we have remaining here let's go back to your your main psychosis and your obsession with paper and 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 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 u.s. debt in jeopardy as dead they're thinking about it as though we're on the 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 one of back because we're nods you have to figure by the debt fundamentally differently and it's not going to be an issue if i'm a donut shop and i'm selling down as 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 you know 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 are narcolepsy japan has been in some form of quantitative easing for basically twenty years now and the yen is at 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-trillion dollar savings account they're now net importers a capital and they work or export as a capital and along with all these other fee occurrences are heading into the into the gutter and this is obviously this is a deliberate discounting this transition away from these overly indebted kind of let me ask your question what percentage of income in the u.s. is applied toward service saying america's debt joeys and i don't know the number but it's actually a low as we haven't seen in twenty years it is called positive doesn't it if you don't know the number because you don't want to know the number you don't want to face the rally i situation it's fifteen percent my post is. going servicing debt it was in the late ninety's it was only i thought shocking amounts of numbers what i post is video on our site i'm going to include this chart to show that the percentage of debt service is actually going down as a percentage of g.d.p. that's right and given enough slices of pizza and cups of coffee you can look at a chart upside down and draw completely separate and opposite conclusions that i

just get you know i'm just going to put a chart out and all of that speaks for itself it'll be the chart of the day no doubt business it will be the chart of the day that will give you the 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 proved. in and of caring about that i thought people would be excited to know what my other thinking was as i was doing decide for pete turns out people didn't care so i haven't brought that one back well i noticed on alexa that traffic over their business insider is zooming higher and i'm sure you all are looking forward to your own little event as they say in 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 talk or in a bubble no doubt all right well until then a bit about against to further delve into the misperceptions one has concerning any exam paper vs metals and thank you for being on the kaiser report thanks for having

me all right and that's going to do it for this edition of the prize a report with me max kaiser and stacy herbert and i think i guess joe wiesenthal of business insider dot com is going to send me an e-mail please do this at kaiser report at r t t v are you still next on this is nice guys are saying. i'm.