oh geez available in greenwich oh you're a grand hotel in room look at the blues a club school who turns circles photo elliptical circus hotel was really a ski cringe in their skit punish reticent to say yes roy convinced he might go to church and say look you've become scum buggin. know so. this is r.t. coming to live from moscow look at the top stories the world's fastest growing economies called for a peaceful solution to the league in crisis or dialogue and a reform of the international monetary system the so-called brics group have come together in a bid to have their say on global affairs. the latest in a logical advances are being used to spread democracy in the arab world anti-government activists are being trained in the hope of triggering

a ripple effect that some say the intentions may not be so pure. and relations between the u.s. and pakistan hit their lowest level since nine eleven islamabad demands washington cut cia operations in the country as drone attacks continue to cause casualties among civilians. the next our financial guru max kaiser looks at comparisons between how arlen's iceland and the u.s. are dealing with their serious financial troubles. and this is the kaiser report all along rupert murdoch is a hack everything it touches turns to coverage unless it's a state sponsored monopoly position where he's using his political influence to subsidize as underhanded and if arius rent seeking schemes now turns out there's

incontrovertibly of proof that murdoch sponsored evil legal phone hacking in the u.k. and around the world that's right no way to make money is by breaking the law this guy should be in jail now stays forever and in fact you're the source of this incontrovertibly proof against rupert murdoch is not so i did tell scotland yard a few years ago that rupert murdoch was happening from and they were shocked when i said that and i said well actually look inside your own police force because they're helping him but let's move on to the big headlines the scandalous headline speaking of tabloids iceland warns of political and economic chaos as voters reject i saved debt deal so sixty percent of the icelandic population when presented with another referendum on whether or not to pay back the dutch and british savers who lost all their money and i say to count. they voted no no while the icelandic

people are standing firm against the banks or the financial cherice got hold of it . well the backers of the yes vote had argued that the repayment deal was the best way to resolve the issue in terms of cost and risk to iceland and the no count said the icelandic taxpayer was under no legal obligation to pay for private banks losses and that the deal would put a heavy burden on the nation which is true of course because since they are the only ones outside of the eurozone outside of these i.m.f. e.u. . austerity measures their economy is growing while if you look at ireland it's getting worse and worse and worse that's exactly right there are no obligation for private citizens to bail out private bankers that's the key point yes a lot of people say we're not going to bail out private bankers amass right they're looking for these private bankers and prosecute these private bankers as they should be looked out and found and prosecuted for committing acts of financial terrorism and compare that with iceland of iceland put all the backstop of all the

banks in ireland and they put all the private debts on the public balance sheet and now the people are suffering austerity measures for no reason other than to satisfy corrupt bankers there's no economic reason for there's no legitimate economic reason for ireland to suffer any economic consequences for private banking shenanigans icelandic people understand as i told the private bankers phone who well in ireland you see economic chaos and you see financial distress but in iceland the prime minister yohannes a good doctor he said that the worst option was chosen we must do all we can to prevent political and economic chaos as a result of this outcome which is a moron because basically else he's doing is he's going appeasing terrorism and you can never negotiate with terrorists and this applies to bankers like j.p. morgan goldman sachs just b.c. royal bank of scotland i save people the three banks that went bankrupt any bank and terrorist can go shoot them but speaking of economic chaos so she's warning that standing up to the bankers will cause economic chaos because this is what they

whisper in my ear well let's look at the economic chaos in the headlines this week max exclusive bill gross is now short u.s. debt hikes cash to seventy three billion an all time record this is from zero hedge and they looked at bill gross is books and they saw that he's actually short u.s. treasuries and he's holding thirty percent of his funds in cash and this is remarkable because bill gross manages the biggest bond fund in the world and if he doesn't like treasuries it can get out of all of us. if he fears inflation or hyperinflation as some are arguing they think it out of us treasury bonds but for this huge fund to sell short treasury bonds and make a bet that inflation is big into the cake and use the enormous buying power has multi hundred billion dollar fine he can swing the market to create this outcome it would george soros calls his theory of not reciprocity but some other fancy term

where the market maker themselves can create the outcome by the sheer size and volume of their trades so gross by shorting treasury bonds he's causing panic in the market and the people who were in those treasury bonds now realize that they'll never get paid back they're looking around for someplace to put their money oh what i see gold and over. exactly well the theory is called reflexivity max and if you look at the headlines the first thing monday morning once everybody realize that bill gross is actually shorting us treasuries pre-market summary inflationary hysteria so you see the charts who gold silver boil and corn skyrocketing first thing silver was up to almost forty two bucks i'm so excited by this i'm thinking about going back to my original career back in the late seventy's as a go go dancer at a lesbian bar and greenwich village they still wear bases and i can get i'm going

in opposite directions that's how excited i am about the price of gold and silver hitting new all time record highs and doubling and tripling from here i may bring that back to the show well of course all of it comes back to the dollar the dollars the thing that's falling and you see this in the said by max americans to fed prices are too high they're saying that inflation is a lot higher than what the fed is telling them it is because they experience the pump the gas pump every single day. looks at the economy and they decide. just a monetary policy according to only three economic indicators house prices wages and computer chips all those three things out of the going down in price and the fed says oh there's deflation therefore we must keep rates at zero percent they don't look at gas they don't look at they don't look at precious metals they don't look at food they don't look at now clothes they don't look at the stuff at wal-mart now going up in price because the wage arbitrage in china is finished as

people in china are now negotiating higher wages than people in america are getting so the fed looks at only a few items and they conclude that they don't see inflation why does the fed do this because zero percent interest rates means that the banks on wall street can borrow money at zero and then they can cycle it back through the treasury repurchase program and get two or three percent of their money and they can just print money all day long which of course is the same as inflating the money supply there's a bill gross says he sees rampant fraud he's taking a political position he's attacking america bill gross has taken the position of taking a huge ax he's an axe murderer when it comes to the american economy by shorting u.s. treasuries to the tune of hundreds of billions of dollars the u.s. treasury bond market is proctor it's toast it's meaningless it's i wouldn't have my dog on a u.s. treasury bond they're going to collapse and there but yeah but you know the merits here are consumers now desperate and in pain but at the time they were laughing at

jimmy mcmillan last year during the elections let's take a clip of him i represent the rich to get him how important the people i meet with your kind of would agree that they're being laid off right now would not speak clearly probably going to do this if someone stomach your stomach just go and you hear the talk was that max people were laughing and what did they do they voted for andrew cuomo who what did he do as soon as he came into office here he gave a tax break to the very bankers that caused the economic chaos which is distressing them the m.p.'s the terrorists again i'm into why are they so up the strength for. that of the financial terrorists andrew cuomo i mean breathe up there of oxygen to brave the head firmly up the strength training of the financial terrorists on wall street and through a little earth and so let's look at another situation another crime wave that is part and parcel of this banking crime wave on the trail of the scrap metal crime wave so this is in the u.k. and because of the escalating price of copper people are stealing copper wiring from the rail system from electrical systems and late leaving tens of thousands of

people with no electricity and forcing the railroads to shut down for hours on end . tony glover of industry group energy network says it is that it quite frankly as a crime it is sometimes as little as five pounds ten pounds twenty pounds never more than one hundred pounds worth in terms of the value of the copper well you can say the same thing about bankers max because they're taking down they've taken down a sixty five trillion dollar global economy four hundred billion and bonuses for christmas if you dispute the scale from one to make a comparison that's right i mean when goldman sachs and j.p. morgan when they throw the entire sixty five trillion dollar global economy into the bus to make a few million dollar bonus i mean yeah they're there for a few pennies they're sacrificing the entire global economy and their sacrifice in the entire global ecology remember you guys like b.p.

were willing to for a few bucks destroy the gulf of mexico for a few bucks destroy the ecology is ability to create the free air water and food that's been available for free for hundreds or thousands of years there are sacrificing that aspect of the ecology for a few bucks just like the banks are sacrificing the ability of the global economy to create enough liquidity for there to be day to day operational facilities for a few. parts of their this is why i say they're terrorists they're willing to kill themselves and others for a penny the global financial system has been blown up by suicide bankers but they didn't do it alone and just like the scrap metal thieves don't do it alone they deliver the stolen metal to scrap yards in the u.k. which willfully turn a blind eye according to the article he says some openly advertise themselves as hear no evil see no evil speak no evil service since yeah just like the primary

dealers there are primary dealers on wall street that deal with the government in the fed who launder the money for the fed and they hear no evil see no evil in with other participating in an enormous ponzi scheme of fraud and the rating agencies who hear no evil see no evil in the various derivative products to which they are presented with get a aaa rating for fraud aaa rated fraud and then finally if volume is the weapon of the bull then. if you see the starts comparing the us trading stock volume that's the line right verses the s. and p. that's in green and you see the traumatic rise in stocks was accompanied by a dramatic collapse in volume because the training is done through computer trading it's all fake trading the insiders have been that sellers in record amounts as they take their cash out of the market and they buy gold and silver but they have the computers buying and selling to keep a simulated sod of market which is a patient but i think for public consumption by those idiots like james cramer and

sandy say who don't mention the fact that underneath the surface all the volume is being drained out of the system by the top one percent criminal terrorist on wall street it's like that in the end of dollars of every member when you try to take the object out of the cave and he swapped it for a bag of sand and then he looks behind him or there's an enormous boulder that chases him down the tunnel ok that an enormous boulder is called inflation jim bill gross knows this that's why shorting treasury bonds and the american people are going to wake up one day and say what about the s. and p's down so. thirty percent of day what happened i thought there are people well bid for these stocks now because computers were buying the stocks the actual people with money thought out ago you prick and sucker he well his conclusion is this chart is saying the bull market is bogus it's all intervention and it's an intervention in order to basically continue that redistribution of wealth from the bottom ninety nine percent up to the top one percent all states ever thanks so much

for being on the kaiser report thank you max now go away much more coming away stay right there. you. read you the latest in science and technology from the realms. of the future coverage. welcome back to the kaiser report on max keiser time now to go to london and talk with award winning author blogger and founder of blowing pulling that net the one

the only cory doctorow corey welcome to the kaiser report thanks max it's great to be back on and just a small correction i'm going to coeditor but i wasn't the founder of going boy ok cory doctorow most people won't have any idea that in nations around the world copyright legislation is being passed off without any public consultation or that the un is working some of the late on an international level tell us what's happening where why and by whom but actually the really alarming thing isn't what the un is doing it's what the places that copyright extremists have gone to because they can't get the un to do what they want so used to be that crazy copyright treaties came out of and be called by po the world intellectual property organization which is you know un specialized agency to meet in geneva their meetings are nominally open to you know accredited observers and and over time what happened was more and more observers from from the technology world the free speech world and the human human rights and development world started to show up at those

meetings and counter some of the talking points from the motion picture association the record companies and so on and it got to the point where they actually just shut down any kind of some stance of copyright treaty work at the u.n. and they shifted it all to what they call plural lateral negotiations the first of these was something called act b. and c. counterfeiting trade agreement and act it was conducted almost entirely in secret there were several periods where it leaks we didn't really get to know the substance of the negotiation at all in fact there was a point at which european parliamentarians asked to know what was being negotiated on their behalf we're told that they weren't allowed to see the text of the of the of the treaty that was being negotiated on your behalf and it was actually kind of funny because it was such a kind of day. way to conduct a major piece of international norm setting treaty making that it became really easy to discredit it without having to talk about any of its particulars i mean the particulars were batted various times acted drafts included

a requirement that governments would have to search your i pod in your laptop when you cross there into their borders it required internet service providers to spy on on users and even the three strikes the what in france they've called had dopey this rule that if you were accused of three acts of col sharing they'd knock your entire family off the internet for some period you know that stuff was pretty bad but it's often hard to explain to people the nuances of a fairly technical copyright bill on the other hand pretty much everyone understood that negotiating major pieces of international law behind closed doors without inviting public interest groups and without having any scrutiny even by lawmakers even by parliaments and congress was not a good way to do things so active eventually more or less collapsed under its own weight but they're trying again with the trains translation pacific partnership t a p p and it too is being negotiated in secret among a small cabal of rich countries and when you when you ask them why they are why they are negotiating this among themselves instead of taking it to the u.n.

they pretty blatant about saying that the reason for it is to set a bunch of norms that can then become parts of bilateral treaties between countries so when america makes a trade agreement with australia or with chile or with colombia it will say as a condition of signing up to our trade agreement you also have to sign on to this translation and pacific partnership agreement that you had no part of negotiating and that's actually pretty bad for your national interest all right cory doctorow let's take a step back for a second and discuss why copyright is a cause why is a phrase like a copyright extremist and just get a little background of this intellectual property comes from the public domain the log in creators a limited time. i'm to have a monopoly over new variations on the ideas that have come from the public domain but after that create expires these ideas should as thomas jefferson talked about

the constitution return to the public domain and what corporations want to do is they want to lock up these ideas in perpetuity and this creates what i've called the collective global labatt of me and now you've taken all these good ideas and you've put them on the private balance sheets of corporations but talk a little bit more about you know expanding on these things that you write about on your site extensively and it really leading the charge on this very important issue which i've always thought is the linchpin issue for activists around the world because if you can't have access to your own thoughts you can't really have any active his campaign against anything else but talk a little bit more about the the big picture here cory doctorow i used to be a full time sort of paid activist who had assigned lives in the arts i wrote novels and then eventually my novel writing other writing got to the point where i could quit my day job and just be a full time participate in the arts or write books these days and so my kind of parochial view of copyright is that it's really important that we have an open

marketplace of ideas and that we acknowledge that you know art comes from mixing other art and so on and that used to be the thing that i really focused on what i thought about copyright in the extension of copyright in the expansion of copyright but i've lately come to think about as being just a little parochial for as important as you know our intellectual commons are the major casualty of extremist copyright positions these days is everything we do on the internet because in the name of rescuing copyright from the internet around the world we're proposing to do things like censorship to the very fabric of the network so nationwide network providers and their major interchange centers are going to have to build in censorship mechanisms where they can identify different websites and block them on a nash. a level you know we've already seen the first inklings of this in national firewalls that are supposed to prevent access to child porn and when we kill leaks leak the swedish child porn filter list which is a secret list of websites that were blocked in sweden in the name of being child

point they found that something like ninety eight and a half percent of those web sites weren't child porn they were just things but for some reason or another some bureaucrat or government person who had no accountability and no visibility into his actions found objectionable and the easiest way to deal with it was just shovel it into the in the completely opaque child porn bucket and it just disappeared from your national network we're adding surveillance to our networks in the name of blocking copyright infringement so increasingly you know in the us victorious who the american enforcement czar has just proposed that it would be you could obtain a search warrant to listen in on so a wiretap warrant to listen in on someone's network connection and not because you thought they were breaking a criminal statute but because you thought they were infringing copyright or committing a civil action and since we all infringe copyrights in ways that are small and large because it's not really it hasn't really kept pace with the twenty first century there's not a one of us who wouldn't have vulnerability to being spied on under that rubric we

build devices now that have modes that users aren't allowed to access so for example your your console under your television for your video game system or your i pad or your i phone all have code running on them that you can't inspect that you can't terminate write their programs that you can't shut off in them and those programs are meant to stop you from copying files a listen lee from infringing on copyright but designing the devices around us the devices that aren't just you know the thing that we play video games on but also the thing that knows where we are at all times the way that your mobile device does even the thing that increasingly we're wearing under our skin or directly on our bodies you know we have general purpose computers that we screw into our ears now that we call hearing aids and designing those so that they can spy on or conduct a. actions against their users interests without their users knowing about it that just seems like a bad idea right from the start so all of the stuff that we do on the internet our banking our civic engagement connecting with our families and so on all of that is

being a put put at risk through the copyright wars today the electronic frontier foundation released its amicus brief in the latest iteration of viacom's lawsuit against you tube and viacom has said that you tube should have an obligation to examine every file that's uploaded to it to make sure it doesn't violate viacom's copyrights and you tube at present gets at least twenty nine hours of video a minute uploaded to it there aren't enough lawyers in the universe to examine all the video and so what viacom is really saying is that you tube shouldn't accept video from all comers they should somehow narrow down what video they accept in order to ensure that that volume is low enough that they can inspect it all and keep viacom's copyrighted material off the network but you know any bar that you create to posting video on you tube isn't going to just hit pirates it's going to hit you know people in tunisia and egypt who want to upload examples of corruption and start a revolution all right so the copyright issue has more effect from

a licensing issue to an issue of spring free speech and civil rights basically so they're using the technicalities and the technologies that are described to copyright and using that to shut down free speech shut down civil rights and i believe just to give an example of how absurd things are going and i think facebook is trying to copyright the word face. or the trademark a trademark as. the word face as part of the land grab of intellectual property what are we losing by allowing corporations to use copyright law delightful property law to corporate ties thought and intellectual property on the web something that everyone. well you just pretty much every day well you know for a good example of what's at stake here think about the three strikes proposal that if you infringe copyright if you're accused of infringing copyright three times we take away your internet access different versions of this proposal around the world

so my wife until pretty recently was a commissioner a channel four here in the united kingdom and some of the research that she committed and was on how a network access affects the poorest people in the world in the country people live in council estates who were the most vulnerable people here and the research looked at families that were as like as possible they would really similar circumstances but for one difference and that difference was internet access and what they found was that the families who had internet access not only were able to you know sort of look at you tube or whatever but they had their kids had better nutrition and got better grades in school they had more social mobility they got better jobs because they could cast a wider net when they were searching for employment they saved money because they could you know pay their bills electronically and save money that way all of those benefits that accrue to them are in addition to the benefits that accrue from having universal access to all of human knowledge which is what the internet is promising to deliver and increasingly delivering upon i mean the kind of

information that you used to have to pay for access to whether that information about how your government is conducting its affairs information about how your employer a company you're thinking in investing in conduct its affairs the great works of literature the great works of art the public media this commission review your money your license and your tax dollars or your tax pounds or euros all of that stuff is increasingly available at your fingertips on the internet and we're proposing that without judicial review without due process without any kind of oversight that if you're accused of like downloading three top forty hits we just take it away and we take it away not from you but from you and everyone who lives with you that we collectively punish your whole family for your legit and unproved transgressions to me that seems like such a. a radically disproportionate way to deal with what is essentially a minor problem in a tiny corner of industry you know the entertainment companies the four large record labels the five large movie companies and it seems like it's such

a lot to sacrifice even if you take them at their word that they can't possibly co-exist with the internet as it's currently structured if we have to wait in the balance all the benefit we get from the internet and a summer's worth of you know sitting in a darkened cave watching robots throw buildings at each other as much as i like watching robots throw buildings at each other every summer or you know bruce willis beating up a jet with his bare hands it's a i would easily and happily give it all up for all the stuff we get here from the internet great doctor we're going to end it there cory doctorow of boing boing dot net copyright champion and i got to go to the site really an f.f.t. or it is another key site in this debate thanks again for being on the kaiser report oh well thank you all right and that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert and i think my guest cory doctorow of boing boing that if you want to send me an e-mail please do so at kaiser reported r t t v dot are you it's all next on this is max.

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