market why not. find out what's really happening to the global economy with much stronger for a no holds barred look at the global financial headlines tune into cars report on. the cars the report is coming up for you here on our team but first let's check in on the headlines the libyan government says a coalition of their sites in the country have claimed more civilian lives after a third night of bombing this is troops loyal to colonel gadhafi attack a rebel held city in the right. bank its earnings rise that there is a hidden agenda behind the military intervention in libya as british officials say colonel gadhafi could be targeted this contradicts the u.k.

prime minister's earlier statement that regime change is not made. in other news radiation levels around pat's fukushima nuclear plants are reported to be over one and a half thousand times higher than normal as a figure of christ so do fears around the radiation impact such as fruit and water contamination. when we stay with the economic effects of the crisis in japan in the cars a report next here on our city. for the full story we've got. the biggest issues get the cuban voice face to face with the news makers. i am sure this is the kaiser for you know paul watson skipper of the sea shepherd 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 the scribes the economics of the whalers as the economics of extinction they put the tuner that they catch in that industry that's an industry and they put it 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 more 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 and they fall the masters of blind profiteering and human life is worth nothing at this is this is coming back to haunt your premise 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. played out on economies all over the world in the us in the u.k. in japan all over the industrialized nations the more that they kill and slaughter the higher the price is making a few people rich ok we're going to see 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 dose 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 being waiting entirely safe throughout in sustaining only minor damage the unfolding fukushima story has enormously strengthened the case for advanced nations including japan to build more nuclear power plants and in all is but no imaginable disaster cories ult and serious problems it's propaganda propaganda from the nuclear industry from the japanese energy companies propaganda i mean you know world war two how about propaganda during birth 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 experience the pain by themselves are you just

insanely all committing it industrial assisted suicide for lust for lust 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 and 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 the legitimate government so here's a fall is long could our feet be interviewed on your own news and the interviewer asked and what do you think of sarkozy in france recognizing the rebels and here see it's answer so 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 this clown because he

is to the repay this money to libyan people we helped him become president absolutely he would help the libyan people but he's disappointed as we were and very soon will publish all the details on the documents now until. gadhafi and his 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 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 nuclear industry as pro growth which is as insane as what the doubt he is talking about but daffy is in a lot of ways stripping away the artifice of the neo liberalism disaster capitalism

and he's going old school is going out of all old school just conquer you know if you strip away their 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 early clinton compared to clinton he's a statesman compared to these a statesman compared to the japanese government he is the statesman. they 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 who have a guy could offer us obviously a psychopath a guy who's willing to kill his own people like hussein did it would take one to drone the same under drones of the use of pakistan afghanistan iraq take out the guy for fifty cents you know that i could do that but because in bed with tony blair he's a president obama he's

a bit of general electric. and khadafi all the same board of directors but. i also cannot expect that i was it was clinton doing she's picking her nose she's doing nothing she's retired she's opposing retirement for what it should go. oh. well i mean my conduct well thus he's setting the tone he said the stage i mean i ever wish to start dressing like 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. american desert lifestyle maddie's hippies cool he says he's a psychopath you can't because 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 the keyword 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 on line because of these new drug copyright laws this in fact is another example of the u.s. failing to compete in the post nine eleven crybaby period of its history it's that was just completely typer 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 it does make you realize. well here's a scary have i know might make you stop laughing u.s.

food price rises steep it's been decades in february food prices in america soared at their 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 dude so 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 it inputs an energy price inputs are increasing the cost to producers to manufacture things like food the fear though has been a 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 it was. only a government official in the u.s.

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 two 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 advantage it just wants and malarkey here from the government who manipulate statistics to make it look like they don't need to raise interest rates to pay pensioners the money that they owe them that's what it is it's a big scam because otherwise if you raise interest rates the entire us economy comes down like a screeching poems he asked made off hell hole of debt but of course they can't deal with that so they keep saying there's no implosion there we don't need to raise interest rates it's all good and he got joey's of the 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 is an illusion everything is ok in the first world whereas for its for example this inflation numbers zimbabwe doesn't know how to like it if

you have got it he doesn't know i saw a headline actually that the inflation rate in zimbabwe now is less than the u.k. so inflation in the u.k. top line inflation is running ahead of the bubble in the u.k. unemployment the u.k. to set a new seventeen year high the entire post margaret thatcher theory is going to complete failure because that neo liberal model is intellectually bereft of anything that makes any frickin sense to speak 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 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. one point i mean can you imagine hank paulson going for congress and saying we are. strike the banking system i'm going to fall on my sword 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 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 this 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 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 a problem they created thanks to 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 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 okada rees 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 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 apart joe wiesenthal from business insider so stay right there.

the greek for the full story we've gone to. the biggest issues get the human voice face to face with the news makers. welcome back to the kaiser report you know nobody goes to try to record or off and post anymore they go out of business insider dot com why this man joe wiesenthal all this see are 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 an air you are a legendary paper bug. but i love paper i love i love printed currency i love central banks i figure the way to prosperity is to just print more and more that's right and but somehow you managed to see the silver lining in just about

every mushroom cloud out there so you're you're conflicted really in your soul joe you need to seek an exorcist and have that devil of paper above them removed but anyway joe 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 her big japan is faced with the exit an existential crisis and everyone wants to buy yen what is this collapse going to happen to this this is a great paper this club every time a country's economy gets into trouble every time you'd think we'd be on the precipice of doom people by dollars of advice was frankly by the end and you know the guy did say i haven't seen silver or gold surging since the since the earthquake you know whether gore gets tough the tough go for paper write the gold and silver or 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 got into something here i just. an over 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 probably not unfamiliar with the story can we give people an idea what this company is all about how they jump so high so quick it's a good story credible story is the fastest growing billion dollar company of all time the basic idea is you know they send out one e-mail a day to its users offering a great daily deal in their town or theoretically great. so you know half of pizza or have all drinks or they've had some really hysterical ones like have breast reduction surgery stuff like that and people going crazy for didn't work so they

hire great writers and it's become a big should say should 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 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.'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 pillar asking this question joe is it all 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 good the companies coming public now or good. if you are real business that 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. in and it's not yet a real business and 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 naaman pop speculatively put it there for a one k. into the stocks it's more serious private investors who make mistakes obviously and can are prone to manias too but it isn't 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 conan o'brien before him when he got fired from is a network gig 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 will i don't have to give much thought to this but if star is going to break down he has more followers on twitter that who ever watched 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 is kind of like we've already over it like you know for the first week of the charlie sheen to an image and now i've had 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 experience it is huge just got to be incredibly threatening to

the studios that they can do this right so the hollywood has been blindsided by the internet every step of. the way they do this they the only response seems to be to strengthen converse really people have been calling for the death of t.v. for years now though i don't know as you watch t.v. anymore never was cutting the cord and just going to watch the internet on t.v. and then actually has it happen not even slightly for you know people still believe that america is still addicted to their t.v.'s and watch 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 wunderkind is now commissioning original t.v. content directly so they're 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 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 for them 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 counter 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 has hit into the streaming business netflix is in the business how do you see the three companies a next couple years is going to be the winner of the loser what do you think joe was well 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 the music store and amazon people love the kindle so you know adding

a streaming element to the website they could be bundled in with one of those things i can see it being a real hit. and you know you can apple is huge they've had some flops in some of these experiments mostly when they try and get into t.v. and stuff like that but. you can't discount them and the reason we talk about apple so much is that 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 it want to see it so it's not really us that are obsessed with apple look we want to 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 right and but 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 go on chat roulette a few times joe we have all no i've never been on it but that's where you know i

have i have once or twice but that was what you want if you want to look for the bubble 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 over there in japan. they've been huge 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 of the like oh this is the year that defined you can't service their debt anymore and you don't actually i think the problem is that people think about us day in japanese that 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 that error. that we're all going to go bankrupt when in fact because we're nods you have to figure out the debt fundamentally differently and it's not going to be an issue if i'm going to shop and i'm selling down as for a dollar and they cost me a dollar or five cents to produce and i'm losing five cents on every gallon 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 the riser and i have a lot of sick pain has been in some form of clemency to easing for basically twenty years now and again is that all time highs 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 weren't our exports of capital and along with all these other p.r. currencies are heading into the into the gutter and this is obviously this is ill risk discounting this transition away from these overly indebted economies let me

ask you a question what percentage of income in the u.s. is applied toward servicing america's debt i don't know the number but it's actually a low as we haven't seen twenty years it's called business you don't know the number because you don't want to know the number you don't want to face the nice intuition it's fifty percent i post this. good service and yet it wasn't in the late ninety's it was only a shocking amount the numbers when i posted the 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 and opposite conclusions that i just get 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 but i notice also you have the chart of the day that that make it to being chart of the day these are the also rans

charts of the day i thought out experiment that actually people didn't and of caring about that i thought people would be excited to know what my. other thinking was as i was hearing decided by a preacher and some people didn't care so i had a broken one back when i noticed on the likes of the traffic over there business insider is zooming 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 jodi i.p.o. maybe then you will come back here and talk or no problem no death all right well until then about against to further delve into the misperceptions one has concerning the time 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 guys the report with me back geyser and stacy herbert and our thank my guests always involve business insider dot com if you want to send me an e-mail please do so at kaiser report at r t t v are you and i just on this is next guys are saying.

and.