i say check out our youtube page with youtube dot com slash r t america and follow me on twitter at lauren lyster let me know what you think of our show and make sure to stick around for the alone a show and one half hour followed by adam versus the man and i will see you back for more news a p m. wealthy british. market trying to. find out what's really happening to the global economy with my next concert no holds barred look at the global financial headlines tune in to congress report on or keep.

tabs on this is the kaiser report said all along that 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 an underhanded in a fairy s. rent seeking schemes now it turns out there is a controversial proof that murdoch sponsored evil legal phone hacking in the

u.k. and around the world that's right the way to make money is by breaking the law this guy should be in jail now stacey ebert and fact you're the source of the same controversial proof against rupert murdoch is not so i did. sculling art a few years ago rupert murdoch was tapping phones 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 saved account. they voted no all of the icelandic people are standing firm against the banks are the financial cherice the whole 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. impose austerity measures there are 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 to 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 they told the private bankers fungal 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 tewson 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 kowtow and appeasing terrorism he can never negotiate with terrorists and this applies to bankers like j.p. morgan goldman sachs a 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 heads 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 but this is remarkable because bill gross manages the biggest bond fund in the world and if he doesn't like treasuries he can get out of all of us treasuries if he fears inflation or hyperinflation as some are arguing if you get 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 because his theory of 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 well i see gold and. or. exactly well the theory is called reflexivity max and if you look at the headlines the first thing monday morning once everybody realized that bill gross is actually shorting us treasuries pre-market summary inflationary hysteria so you see the charts and 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 and used to wear bases and i get i'm going in opposite directions that's how excited i am about the price of gold and silver

getting 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 dollar is 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 the fed looks at the economy and they decide to just a monetary policy according to only three economic indicators house prices wages and computer chips all those three things out to be 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 not 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 of the same as inflating your money supply there's a bill gross says he sees rampant fraud he's taking a political position he's attacking america bill gross as taking the position of taking a huge ax he's an axe murderer when it comes to the american economy by shorting us treasuries to the tune of hundreds of billions of dollars the u.s. treasury bond market is dr it's toast it's meaningless. i wouldn't have my dog on the u.s. treasury but they're going to collapse and they're ok but you know they rescued 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 richest two party people meet ribbons are going to

puerto rico they're being laid off right now with the katie. someone stomach your child stomach just raw and you hear the chuckles there 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 this year he gave a tax break to the very bankers that have caused the economic chaos which is distressing them the terrorists again i'm into why are they so the strength of the of the financial terrorists andrew cuomo i mean any greens up there and of oxygen the brain of the head firmly up the string string of the financial terrorists on wall street and 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 pathetic 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 car 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 under 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 they're sacrificing the entire global ecology remember you guys like b.p. who 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 of thousands of years their sacrifice and 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 blocks of their this is why our says a terrorist they're willing to kill themselves and others for. 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 go into 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 server since yeah just like the primary dealers there are primary dealers on wall street to deal with the government and

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 and fraud and the rating agencies who hear no evil see no evil in the various derivative products to which they're presented with no they get a aaa rating for fraud aaa rated fraud and then for. only if volume is the weapon of the bull then. if you see that starts comparing the us trading stock volume that's the line of white versus the s. and p. that's in green and you see the dramatic rise in stocks was a company by a dramatic collapse in paul you because the training is done through computer trading it's all fake trading the insider said and 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 facade of market which is the patient for public consumption by those idiots like james cramer and stan b.c. who don't mention the fact that underneath the surface all the volume is being

grained out of the system by the top one percent criminal terrorist on wall street and it's like that in the n.f.l. is moving ever when he's trying to take the object out of the cave any slops it for a bag of sand and then he looks behind him there's 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 make up one day and say what about s. and p's down thirty percent today what happened i thought that people well bid for these stocks now because computers were buying the stocks the actual people with money got out moments ago euphoric and sucker he got 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. and. space above our national security there is no substitute and there is no alternative to military space lip balms on target time ballin. in the us will go. through space ship. better her company. her field her look our current player. and we must. be. several hundred. years of investment in the peaceful uses of the outer space.

obviously incredible investment from the united states and from the european union the canada other countries like this. is completely in jeopardy if we start putting graft in sin outer space. the official happily cation. called touch from the choose ups to. life on the. video. cheesemonger. and r.s.s. feeds now in the palm of your. welcome

back to the kinds of report on max times or time now to go to london and talk with award winning author blogger and founder of boing boing and that it won the only cory doctorow corey welcome to the kaiser report thanks max it's great to be back on and just a small correction on the coeditor but i wasn't the founder of one ok cory doctorow most people won't have any idea that in nations around the world copyright legislation is being passed off and without any public consultation or that the un is working similarly on an international level tell us what's happening where why and by whom well actually the really alarming thing isn't what the un is doing it's what the 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 an indie called bipolar world intellectual property organization which is you know un specialized agency they 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 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 stance of copyright treaty work at the un and they shifted it all to what they call pleura lateral negotiations first of these was something called act of the empty counterfeiting trade agreement and act it was conducted almost entirely in secret there were several periods where it leaks but 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 dumb way to conduct a major piece of international norms 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 to draft 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 what in france they called dopey this rule about a few were queues of three x. a file sharing they'd knock your entire family off the internet for some period you know that stuff was is 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 in congress was not a good way to do things so i acted benchley more or less collapsed under its own weight but they're trying again with the trends trends asian 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're why they're negotiating this among themselves instead of taking it to the u.n. they're pretty blatant about saying that the reason for it is to set a bunch of norms that can then become part of bilateral treaties between countries so when america makes a trade agreement with australia or with chill a with colombia it will say as a condition of signing up to our trade agreement you also have to sign on to this trend asian pacific partnership agreement that you had no part of negotiating and it's actually pretty bad for your national interest all right carjacked let's take a step back for a second and discuss why copyright is a cause why you would use a phrase like a copyright extremist and then you get a little background of this intellectual property comes from the public domain the long. gives creators a limited time to have a monopoly over new variations on the ideas that have come from the public domain

but after that period 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 in that 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 you're 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 activist 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 and 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 column and so 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 add 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. can identify different websites and block them on a national level you know we've already seen the first inklings of this national firewalls that are supposed to prevent access to child porn and when we keep leaks

leaks the swedish child porn filter list which was a secret list of bribe sites that were blocked and so in the name of being child porn 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 the actions found objectionable and the easiest way to deal with it was to shovel it in to be 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 do you know who the american ip 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 not because you thought that they were breaking a criminal statute but because you thought they were infringing copyright they're committing a civil action and since we all infringe copyrights in ways that are small and

large because it's not really it has 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 terminate right there programs that you can't shut off in them and those programs are meant to stop you from copying files a list that 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 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 by. 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 the 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 youtube 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 morphed 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 one would describe 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 i think facebook is trying to copyright the word face. or the trademark a trademark this. mark that word space is part of as a land grab of intellectual property what are we losing by allowing corporations to use copyright law intellectual property law to corporate ties thought. an intellectual property on the web something that everyone now you just pretty much every day well you know for a good example of what's at stake here think about this three strikes proposal that

if you infringe copyright if you're accused of infringing copyright three times we take away your internet access to a 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 commissioned 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 had really similar circumstances but for one difference and that difference was internet access and what they found was a 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 and investing in conduct its affairs the great works of literature the great works of art the public media that commission with your money your license for 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 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 and they can't possibly co-exist with the internet as that'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 through buildings of each other as much as i like watching robots throw buildings that each other every summer or you know bruce willis beating up a jet with his bare hands it's i would easily and happily give it all up for all the stuff we got here from the internet cory doctorow going to end it there cory doctorow of boing boing dot net copyright champion and i got to go to the site really and f.-f. that or it is another key site in this debate thanks again for being on the kaiser report oh well thank you all right that's going to do it for this edition of the passing report with me max geyser and stacy herbert and i think my guest cory

doctorow of boing boing that that if you want to send me an e-mail please do so at kaiser reported r t r u n so next time this is max keiser saying. today violence is once again flared up. these are the images of the world from the streets of canada. to rule the day.