you know this is r t let's take a look at the headlines barack obama reportedly authorizing secret cia operations in libya talking and this concerns that the ground intervention is being prepared. by nato countries can sit up in the opposition forces in libya and spies or check the history of weapons and not in the hands of terrorists. workouts japan's damaged fukushima nuclear power plant in suspended and radiation levels are rising

as the next attempts to block off leaks granted by raid. ok up next max and stacey it for the latest financial scandals of the week stay with us for the kaiser report. and welcome to the cons are record we're going to explain everything today using this simple slinky. herbert's tastier how are you stating her well max kaiser i'm going to set the scene for a slinky episode household wealth down twenty three percent in two years so according to the fed the average american families household net worth declined by twenty three percent between two thousand and seven and two thousand and nine the median net worth of households fell from one hundred twenty five thousand in

two thousand and seven to ninety six thousand and two thousand and nine and the families the stock portfolios were hit especially hard their wealth was down by thirty percent yeah you know they got shellacked as obama said during the stock market crash and because people in america don't work anymore they speculated stock market and they lose their independence workers and they become dependent on the casino gamblers so they lost a bunch of money and they got a free breakfast so let's go on to the next headline and so we see that the average american lost twenty three percent of their net wealth. forbes wealthiest list reflects changes in global economy and the wealth of the world's billionaires was up twenty five percent in the same time that the wealth of the american population was down twenty three percent yes yes it's

a club talk or see you see normally capitalism is about risk reward risk reward winners and losers like this you say this is this is what f.d.r. garrard see during the depression when he brought in the f.c.c. and at the i.c. and all the reforms like last eagle but the last twenty five years banks to j.p. morgan goldman sachs we have something like this. we call your money. sucker so the average net worth of billionaires on forbes billionaire list is now three point seven billion compared to three point five billion in two thousand and nine it dramatically increased at the top so carlos slim is still the richest man but his wealth in two thousand and ten increased by twenty billion for example but then steve forbes the guy who runs forbes magazine he says these are creators they're not plutocrats these are do or making things happen and when they do well we all do well when he's lying they're not creators they're not do or they're or

clucked or kratz they're stealing money from the system it's like defending cancer saying that cancer is somehow beneficial to the host no cancer is destroying the host the top fortune or forbes list as a cancer destroying the host called the global economy and the global ecology it's the eco eco disaster in the u.s. ten percent of the people own about thirty percent of the nation's net worth that's up from thirty five percent at the beginning of this crisis so as we see more and more of the wealth has shifted to the billionaire class from the average person whose wealth is now down twenty three percent they lost most of it because of the stock market or you know the housing but the wealthy the billionaire class increase their wealth of according to the forbes list mostly because of the stock market so that's the zero sum game that's the high frequency trading machines that these guys

get to pay for from the likes of goldman sachs and j.p. morgan and the bankers that they get to just siphon this cash from that lower ninety nine point nine percent from john paulson they made billions of dollars during the housing crash and stock market crash because hank paulson john paulson and hank paulson together. are part of the conspiracy to crash the markets and or the lording with the federal reserve bank because they grew out of it and the proof is in their net worth game they're making billions of dollars on the crashes and they're making billions of dollars more on the return trip up like a warren buffet for example who's done on a guy who's making an honest buck these gaming the system and you should be removed from the system because he's leeching from this is well they're they're making money on the collapsing system john paulson who you mentioned i do believe he has alan greenspan working for him so alan greenspan is the architect of the system that we currently well that it collapsed two years ago we have no system at the

moment other than just these kleptocrats just taking so let's look at the consequences of this collapse of the system the twenty three percent of the wealth evaporated from the bottom ninety nine point nine percent of americans here's a response glenn beck exposed this economic terrorist plot on us by far left unions so he's blaming the use this guy steve lerner who is a former union leader was caught at a public forum and to the left forum at pace university on tape saying that a good idea for well average people would be to stop paying their mortgages and that is that way crash j.p. morgan because j.p. morgan one of the biggest mortgage holders in the us the most aggressive at foreclosing on american citizens and he's saying this is a way to use the leverage of their relative weakness against the banking system which owns the whole federal reserve and the whole government system steve lerner is the sister campaign to our campaign of buying silver to crash j.p.

morgan steve lerner saying default on your mortgage is don't pay your mortgage to crestor you can morgan and the same reason anyone with cancer would want to get rid of cancer and glenn beck apparatchik use of propaganda meister for the first and terrorist on wall street and murdoch is trying to point this guy as the bad guy which of course is propaganda and i believe there's even more of this. well he's telling his audience it's the leftist the far left the union organizers people who want to organize who are the bad guys that they could cause a run on the banking system he's saying so i want to remind people of what happened in two thousand and eight what who is the financial terrorist in this case and i refer you to this little video clip and this is paul can george ski he's a congressman from pennsylvania and this is him in two thousand and nine on c.-span and he's talking about thursday september fifteenth when he was visited by the treasury department officials and they said five hundred fifty billion dollars had

been withdrawn from money market funds within an hour to two hours that morning we were having an electronic run on the banks they just decided to close down the money account and announce a guarantee of two hundred fifty thousand dollars per account so there wouldn't be further panic out there and that's what actually happened if they had not done that their estimation was that by two o'clock that afternoon five and a half trillion dollars would have been brought out of the money market system of the united states would have collapsed the entire economy of the united states and within twenty four hours of the world economy it would have been the end of our economic system and our political system as we know it just to break this down glenn beck is saying steam lerner is risking a run on the system contrast that with what we saw in two thousand and eight a multi-trillion dollar multi hundred billion soon to be trillion dollar actual run

on the system by financial terrorist like j.p. morgan which back doesn't mention in his little story what the history is any is vilifying a worker he's scapegoating a worker glenn beck is the guy who would be a guard at the college information camp that's the kind of thing he would do well let's get a little bit more into the actual deed. of what he's saying here he's talking about this one guy at a university open forum where anybody in the world can go anybody could walk in there listen to this guy paul can george was he was the head of the subcommittee on capital markets in the congress the united states congress the representatives of the people the people's house he's a congressman the treasury department officials came to him and secretly told him that if you don't release this money if you at this point they were talking about tarp if you don't release eight hundred fifty billion there will be a five point five trillion dollar run on the money market system we will collapse

the system instead now glenn beck is trying to direct you to this little guy at a public meeting and that he's the cause of the financial catastrophe this is the the message they're trying to put into people's minds out there who are desperate and on food stamps. another one of his rallies be handing out little yellow armbands with stars on them to the people as part of his final solution i mean i mean how much more evidence how much more prove to me that this guy back and murder or working for the same fascists who eliminated millions sixty years ago how much more evidence do you mean you know he's blaming unions so let's look at the situation in one of the lowest union participation rates states in the whole united states and that's idaho less than five percent of the citizens of idaho are in a union food stamps surge in west the number of idahoans taking food stamps grew by

forty two percent last year we were less than five percent of them are in unison they can blame their catastrophe on union members so the number increased from in two thousand and seven before the financial terrorist attack that glenn beck is trying to distract them from. before then five point eight percent of the population were on food stamps now fourteen percent are on food stamps this is more than the national average which is that thirteen percent so the national numbers of people relying on food stamps which is like pitiful amounts of like one hundred dollars a month for per individual it's up seventeen million nationally since the crisis began in idaho alone it's up one hundred thirty six thousand one hundred fifteen people now reliance and this is a state which is a very classically red state it's a very fox news sort of audience these are this is what glenn beck and his

terrorist that he's defending they are they've caused the starvation the near starvation of seventeen million people number one employer in food stamp administration and distribution. j.p. morgan. it's right they help the billionaires of the kleptocrats and then they administer food stamp program for the peasants and by the way you're probably one of the peasants aren't you except unless you're one of ability as a larger show because of our recommendation for gold and silver but anyway please continue so final headline here fox news glenn beck telling you don't organize whatever you do that the devils leftism it's like these are evil people their fellow nazis and all these nasty little tards so don't organize i'm going to show you what happened in a nation that would probably be called socialist by glenn beck marxists and other sort of nasty words in american lingo dutch bankers' bonuses axed by

people power so in the netherlands people gathered on twitter and campaign today we're going to basically boycott i n g bank which is state bell this is state owned bank but they were awarding themselves big bonuses the c.e.o. was given himself a bonus of one million pounds and these the dutch people threatened to withdraw all their money and fearing a partial run on the bank these bankers that i n g are giving back their bonuses. the global insurrection against banker occupation as a major win. against i n g a financial terrorist well that's it shows you the proof that you know in america they've negotiated with terrorists paul kanjorski negotiated with terrorists and as a result many americans are now on food stamps but here these guys are getting their money back before they do deals they won't negotiate with these guys until they're on a level playing field when they run out of money for food stamps it'll be for the

ghetto all right stacey lambert thanks so much for being on because a report thank you don't go away much more coming away so stay right there. it's been to the jaroslav in return. since become a major industry. in the tree strong. which today has limitless possibilities for extreme sports. the most secretive damask silda spitzer scuppered. the real suffering feet tall and his maltese i'm a. creature of. russia please stop.

welcome back to the kaiser report sign now it's your go to massachusetts and talk with the maitri orloff is the author of the newly updated reinventing collapsed in need three welcome to the kaiser report thanks thank you for having me on your program max great to be with you all right to meet your lof we are in the midst of a the collapse that you refer to in reinventing collapse where are we in the collapse well it's hard to tell which phase where in some countries have gone through political collapse others other countries are in the midst of a financial collapse and now we have a bit of a commercial collapse on the way because of say missing jet so air sensors that are required in just about every production automobile that is supposed to be rolling

off the production lines but isn't ok you're talking about supply lines disruption correct and the gallows globalization era break it down for us basically companies have. shifted completely to just in time. inventory control systems and the logistics are becoming a nightmare because japanese manufacturing has shut down to quite a great extent. won't be up and running because of the electricity shortages because its nuclear plants are run and these companies have diversified their sources of the parts they need for there isn't any factoring process between several japanese manufacturers and many cases and since both of those manufacturers happen to be offline not much will be moving so then will they have will have actual shortages of crocked of spare parts that are needed to keep systems running and so on it sounds a long like soviet union with the factories stacked up with stuff that they can't

ship products to nobody wants workers being underpaid as a matter of fact when he wrote the original collapse gap you made the comparison between the u.s. and soviet era russia saying both countries were spending military budget out of control that the soviet union collapsed and that the us would collapse surely there after were in the midst of that collapse the us is stepping up its military spending there in afghanistan there in iraq now there in libya people are asking where's the money coming to spend in libya i think per your collapse gap scenario would all make sense fill in the details well what's happening now in libya is it's just a very striking example of being unable to stop even to go what you're doing isn't actually working. leaving khadafi in would have been a nightmare scenario because of you know his grand islamic democratic tribal socialism it was it would have been ok to have all of these you know western

supported dictators knocked over and replaced by some somebody to the west could appoint through some kind of you know because the west is such. such expertise and freedom and democracy they could ship in some experts and find somebody else but if he's muslim countries have their own experts on freedom and democracy that would give their problems for the west and for the united states so i can see where they would be motivated in removing gadhafi but this is this is just an extreme example of being unable to stop this astroturf revolution are now perpetuating and in libya probably won't end very well for anyone even if gadhafi is removed and i can just generally see how this is not going to evolve into internet anything stable all right let's take a look at the mainstream media's coverage of what's happening in the us and

economic collapse in the us they seem to be leaning in the direction of blaming everything on the unions particularly teachers your thoughts dmitri all of the american political system loves to pick victims and. they generally are the weakest part of the population they don't really fight back they don't really want to pick a fight with a soldier why not pick a fight with a schoolteacher instead if you can there's been all sorts of efforts to. take to my eyes you know dark skinned women with too many children you know and you call them welfare queens things like that you blame immigrants blame defenseless people and this is just part of this. sadistic streak exists in american politics and it comes out in the worst of times this is just more of it all right so that sounds like scapegoating sounds like scapegoating from the world war two era a helpless or

a minority in the population was chosen and scapegoated everything was blamed on them saying in the us there are techniques there teaching teachers as there's scapegoating teachers and the weakest in society with the least rights and they're blaming all of them is that correct well yes it is that they're hoping at the same time that by by demolishing. as much of this the social infrastructure as exists in the country you know really the people who make for a literate population for instance you will end up with an even less literate population that will be unable to oppose the government unable to stand up for themselves and demand that their rights and and needs mean that so in this they might actually be successful all right so there is a program being conducted by the government against its own people in the us can we say that without any hesitation vote yes and the remarkable thing is that

i look at the us population and in a crowd. just speaking to people and they don't actually have any understanding that it's not their government that they don't have any control over it completely ignores anything that they will say will pretty much follow the dictates of the people who own the government and it's not the general population that owns the government and they still feel that there is some kind of a rule to be played in by them in voting or in forming some kind of an opposition intelligent people talk about forming a third party as if this is a political system that can be reformed i would say that in the soviet union people were a bit farther along in the process. understanding that it wasn't their government at this stage of the game and this is rather disappointing i'm talking with dimitri orloff and i encourage everyone to look him up on the web and read his writing. it

predates a lot of what naomi klein has been writing about or what naomi wolf has been writing about dimitri has been doing a bit of a social science experiment by mapping befall of soviet empire in the fall of the us empire and finding remarkable overlapping between these two countries and the collapse gap is just about completely closed let's talk about currency the role of currency in the collapse in particular the us dollar and the increasing doubt that we see. in the global community in the u.s. dollar what's what do you see happening there i noticed that the fellow who was queening. gold and silver dollars a while ago i think was something like free money i don't remember the exact name of the company he just got locked up for twenty five years a judge in the us accused him of being a terrorist so. people who think that they can somehow skirt the financial system. are wrong you know that they will they will be dominated by the burning of this

world and others there isn't really a way out except to make two money and that's kind of what i try to explain to people this is reduce your needs for. any kind of interaction with with the official economy and you will do better let's talk about oil for a second what role it plays it's in the triple digits again the last time oil prices were the size the stock market plunged shortly thereafter how do you see oil prices factoring into this going forward to meet the all of the short term view is that there is a lot of volatility of the long term view is that oil is without an industrial economy as oil oil is pretty much a talks talks equates to now one of the big addition. to the second edition of my book that i made is a big chapter on peak oil where i debunk part of peak oil theory part of it that says that there will be very gradual declines in in the global production of

crude oil spanning decades i have discovered that this is really bunk as and what we should be looking forward to is rapid stepwise declines where parts of the world are cut off from petroleum imports all the ones that may be preceded by shortages for a period of time can argue that this is the case based on a lot of different lines of evidence so that's one of the additions that i made to the book now that. is behind us and coming into focus in our rearview mirrors tell us part of our propaganda for a second because of the us the mainstream media and the propaganda that is mainstream media is trying to convince the public that the there is no such thing as people oil it's an agenda being pushed by it's hard to determine exactly who they identify as driving this agenda but that it doesn't fact exist now it's simply a matter of of mathematics and physics right i mean if you extract half of more

than half of all the oil that's in the crust of the earth you're going to start to pay up for what's remaining in the crust of the earth is that is that a fair statement there's a way of modeling any given well reservoir and then if you combine a lot of different oil reservoir skin that's just a smearing effect but the basic the basic math the logistics function remains the same. but the problem is that the well that we're getting at now is not the oil that was there before before you could take a whole hundred years ago you could take the whole with hand tools and get it to will you have to drill offshore there's also an old sorts of technical complexities to get at the remaining oil which makes it much. more expensive and at some point it makes its economic that is there isn't enough spare energy or money left over to keep the economy going while getting at the amount of oil required to keep the economy going that's just one of the effects but there's

a lot of different effects that play into it such as resource nationalism in various countries where they they see it to their advantage to consume as much oil as possible and export as little as they can get away with because that puts them in a relative advantage is having the people including countries there are a lot of a lot of things that will basically disrupt the global economy by causing well shortages and cry spikes and there's places and and and crashing economies if there is countries and that's what we're seeing now all right to me true we've got about a minute left can you just cover two or three of the. strategies that those listening and watching might want to think about to deal with this collapse well one thing that has brought to the fore is make sure you're not within fifty kilometers of a nuclear power plant just get a map. draw dots where the plants are. fifty kilometer radius circles

around each one and make sure enough nothing in there because we know now that one little mistake and you go from people in white smocks with clipboards to the three stooges running around with plastic bags on our feet and in radioactive so there isn't really the stability in the world that's required to operate a nuclear industry and so we should all try to stay away from those locations as much as possible ok so you're advocating basically stay nimble stay mobile stay alert this is why i hate real estate as investment for decades and just a second move somewhere some crazy stuff goes on all right well that's all the time we have for me. all of thanks so much for being on the kaiser report thank you max all right that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert and i will take my destiny tree or law if you want to send me an e-mail please do so at kaiser report r t t v are you until next time this is

nice guys are saying.