check out our you tube page at youtube dot com art america and follow me on twitter at lauren lyster and please do and weigh on what you think about our show is we'll be back with more news tomorrow we're going to be following president obama closely he's campaigning tonight in chicago we will have more on what campaigning means in the midst of broken campaign promises and much much more i want to let her have a good night. wealthy british. markets trying to. 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 a report on our keep. the official t. on the case for your money from the i pod touch from the. life on the. video. tees minefield costs this is for you now in the palm of your.

really do you believe this is something that stems. from. the future of coverage. rachel martin here broadcasting live from washington d.c. coming up today on the big picture.

and this is the kaiser report all along that rupert murdoch is that. everything he touches turns to garbage unless it's a state sponsored monopoly position where he's using his political influence to subsidize underhanded enough areas rent seeking schemes now it turns out there's a controversial gold probe that murdoch sponsored evil lugo acting 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 not stating ebert and fact you're the source of this controversial proof against rupert murdoch so i did tell scotland yard a few years ago that 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 say to count. they voted no no well the icelandic people are standing firm against the banks are the financial cherice a whole lot 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 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 economy is growing well 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 and 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 they told the private bankers who well in ireland you see economic chaos and you see financial distress but in iceland the prime minister yohannes a good doctor she said that the worst option was to. 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 and you 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 a 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 sure u.s. debt hikes cash to seventy three billion and all time record this is from zero heads and they looked at bill gross his 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 the manager is 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 he did out of his treasury bonds but for this huge fund to sell short treasury bonds and make a bet that inflation is baked into the cake and use the enormous buying power of his multi hundred billion dollar fund he can swing the market to create this outcome it would george soros calls his theory of not reciprocity but some other facets are 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 realized that bill gross is actually shorting us treasuries pre-market summary inflationary hysteria so you see the charts and gold silver or oil 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 stay where they stays 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 imax 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 own the fed looks at the economy and they decide

to just their monetary policy according to only three economic indicators house prices wages and computer chips all those three things happen to be going down in price and the fed says all there is 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 that a look at food they don't look at now close they don't look at the stuff at wal-mart now going up in price because the wage arbitrage in china is finished of 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's he sees rampant fraud he's taking a political position he's attacking america bill gross has taken the put. session

of taking a huge axe is an actual murder when it comes to the american economy by shorting us treasuries to the tune of hundreds of billions of dollars the us treasury and gone market is cocked or it's toast it's meaningless. i wouldn't have my dog on a u.s. treasury but they're going to collapse and they're yeah but 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 quick break here i represent the richest party if you don't get rid of your kind of border there being laid off right now would just be ok brooke because you're going to miss it someone stomach sure joe strummer just broke and you hear the chuckles there max people were laughing and what did they do they voted for cuomo 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 mean go why are they so up the strength of

the of the financial terrorists andrew cuomo i mean any greens up there does have the oxygen the brain of the head firmly up the strength of the financial terrorists on wall street andrew 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 like leaving tens of thousands of people with no electricity and forcing the railroads to shut down for hours on end and tony glover of industry group energy network says it is pathetic quite frankly as a crime it is sometimes as little surprise 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 dollars. 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 and it's our global ecology remember guys like b.p. who are willing to do 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 they're 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 bucks there this is why terrorists they're willing to kill themselves and others through. 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 server thoughts yes just like the primary dealers there are primary dealers on wall street that deal with the government or the fed who launder the money for the fed and they hear no evil see no evil it without a participating in an enormous game of fraud and the rating agencies who hear no evil see no evil in the various derivative products to which they are presented with the good of 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 a white person. 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 insiders have been met 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 participation but 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 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 member 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

wake up one day and say what about the s. and p's down thirty percent a day whatever the thought there are people well bid for these stocks now they can computers were buying the stocks the actual people with money bought out months ago you fricken sucker he got well his conclusion is this char 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 out 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. the official. one called touch from the choose our. life. video. tease mine.

says feed now with the. dog kong. 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 boing boing 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 on the coeditor but i wasn't the founder going 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 some of the lay 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 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 then being called by the 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 from the technology world the free speech world and their 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 u.n. and they shifted it all to what they call plural lateral negotiations the first of these was something called act of the anti 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 speech half and it was actually kind of funny because it was such a kind of die. 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 to draft same clue to the requirement that governments would have to search your i pod and 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 called had dopey this rule that if you were accused of three acts of file 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 act 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 un they're 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 it's actually pretty bad for your national interest rate card to act now let's take a step back for a second and discuss why copyright is a cause why is a phrase like a copyright extremist just to 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 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 called the collective global lobotomy and now you've taken all these good ideas and you 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 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 seeing

other art and so on and that used to be the thing that i really focused on when i thought about copyright and the extension of copyright and 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 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 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 could leaks leaked the swedish child porn filter list which was a secret list of websites that were blocked in sweden 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 his actions found objectionable and the easiest way to deal with it was just shovel it in to be in a 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 u.s. victorious you know 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 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 or 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 on 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 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 our 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 so make sure it doesn't violate viacom's copyrights and you tube 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 two shouldn't accept video from all comers they should somehow narrow down what video they accept in order to ensure that 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 spirit of 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 i think facebook is trying to copyright the word face. of the trade market trade mark this. trade mark that 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 this 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 and so pretty recently with the commissioner a channel four here in the united kingdom and some of the research that she

commissioned was on how network access affects the poorest people in the world in the country people live and council estates who were the most vulnerable people here and the research looked at families that were as like as possible they were bad 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 and investing and conducts its affairs the great works of literature the great works of art the public media that commission with 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. radically just proportionate 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 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 throw buildings at 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 it's a i would easily and happily give it all up for all the stuff we get here from the internet cory doctorow going to end it there cory doctorow of boing boing got net copyright champ in got to go to the site really and f.-f. dot org 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 kaiser report with me max kaiser and stacy herbert and i thank my guest cory doctorow going back then if you want to send me an e-mail please do so at kaiser reported r t t v r u it's all next on this is max.