video on demand cheesemonger old girls and streets in the palm of your. home. below your chin to r t i let's check out the headlines now in egypt said south along the path to democracy gearing up for the actions in september there are warnings islamic radicals linked to brute flattening brotherhood can take root in the existing new vacuum. a year after the explosion of the deepwater horizon rig spilled millions of gallons of oil into the gulf of mexico have been pay has filed to lawsuits would benefit those whose health has been wrecked by themselves to still struggling to get the help of a desperately need. and russian police keep

a constant vigil to prevent terror attacks the hotel north caucuses more than once in militants killed in recent months the country's antiterrorist committee says the beating remains the main problem the training extremists. but next join financial gurus max kaiser and stacey herbut as a look at the scandals behind this week's economic news headlines. by strasser this is the kaiser report the decapitate bankers tour continues we had a great show in dublin and now we move on to amsterdam and then possibly sweden and

from there athens huge interest in athens if you want to send me an e-mail about this where we should come to your town send it to kaiser report at r t t v are you let's get all the latest shenanigans and criminal activity from wall street stacey or are you looking fine girl max i see you're not looking so well you're sounding very ill but it must be because of that epic battle being waged on the on the global financial battlefield right now as we speak on one side of course is the silver liberation army headed by super max on the other side is j.p. morgan and led by jihadi jamie and lucia he'd deed masters but as we know they all the precious metals prices have been soaring this week and that's an my first have i max gold explodes an s. and p. downgrade warning s. and p. one of the three rating agencies downgraded the outlook for u.s.

debt and in particular s. and p. is looking at the fiscal risks we see for the u.s. include the potential for further extraordinary official assistance to large players in the u.s. financial or other sectors along with outlays related to various federal credit programs some particular they point out that fannie and freddie they believe will need another thing. we point five percent of g.d.p. i thought of the one percent of g.d.p. that has already gone to fannie mae and freddie mac. well many of the street. barack obama comes into office hank paulson goes in congress puts a gun to their head says a give us three quarters of a trillion dollars to solve the structural damage to the banking system while it does that comes through tarp printing in other programs they take fannie mae five trillion dollars of debt they put on the u.s. government's balanchine that means that the u.s. government's got seventeen eighteen trillion dollars of debt they've raised bed ceiling by two trillion and they can raise again by another five to twelve trillion

. and at this juncture the net total sum all of this bailout money and money printing to help the creditors as amounted to zero there they are in as bad a shape as they were two years ago or three years ago as today if there's no difference all they did was take that money and pocket it as a bonus and they left us rotting carcass as a shell barack obama could have come into office wiped clean every mortgage debt in the country and every credit card debt in the country for about thirteen trillion dollars and the coach we would be growing the mortgage crisis would be called hind it and the creditors would have all gone bankrupt and we would have five or six new banks taking their place making loans operating as utility and some of the casino. banks busters into the future instead we were exactly where we were three years ago there hasn't been one iota of progress well max in fact you're wrong there according to a the s. and p.

is saying we're we've gone backwards according to them they say quote more importantly we believe that the risks from the us financial sector are higher than we consider them to be before two thousand and eight because they loaded into the balance sheet tens of trillions more in debt and then that's debt that means debt service that has to be killed and has to come out of the income of the american taxpayer right now twenty five percent of the taxes that america pace of the government are paid to paying the interest on the debt the implied rate that's going to seventy five percent within five years one hundred percent of every tax collected by the federal government would go to paying the interest on the debt now that's a failed economy that's a failed currency gold and silver saying the u.s. dollar is a failed currency they want to get out of it they want to dump it and it's dying and i say good riddance well remember as greece and portugal and spain. we're being

downgraded similarly by s. and p. and fitch and moody's and it was the credit default swap the c.d.'s that was the indicator to the global markets that the debt of these countries was being attacked well zero hedge tweeted something very interesting about the gold price soaring gold is the new us c.d.'s it has been for ten years and gold started to make its move in two thousand when the internet bubble burst then the fed came in with lower interest rates to see the housing bubble this is when the gold and silver vigilantes understood that ben bernanke and greenspan were not operating in the interest of the greater economic good but only in the very narrow interest of the top one tenth of one percent in the united states who by the way they just got another huge tax cut they just got another jews wealth increase and the divide between the top one tenth of one percent in the bottom ninety nine percent has got

an even wider well if gold is the new u.s. c.d.s. insurance against the u.s. to fault well then texas is going full on succession as max in this next headline texas university takes a cue from kyle bass to hold one billion dollars in gold bars so the university of texas has the second largest and down it fund of any u.s. university the number one being harvard they have nineteen point nine billion in their fund and last year they added another five hundred million in gold holdings to their already five hundred million worth and they took physical delivery it's being held h.s.b.c. in new york it's physical gold they took they didn't take g.l.d. or any of these e.t.s or paper gold you know who are the best family the best they are super wealthy they've been riding the ball for decades they've been riding the take out bull the leveraged buyout bull but the all the rallies that we've seen in stocks bonds over the past thirty years you know the past rallies amassed

a huge fortune playing. in the game now they realize that the game now is gold now what's significant is that up until recently no institutional players have stepped into the gold market there's no big university endowments fund no big pension fund this is the first shot across the bow now all these invalid funds to compete are going to start buying gold bullion as well this is phase two of the gold bull market we're out of phase one it went from two fifty to fifteen hundred and there were in face to make the move from fifteen hundred to six seven thousand dollars an ounce then we'll get into phase three and it becomes a mania and who knows ten fifteen twenty thousand it's hard to say where the mania top will be but now we're clearly at the beginning of phase two so whoever is still in phase one is even entered phase two at this forty two forty three dollars level i don't think it'll get into phase two will break out of the old club brothers i a fifty dollars an ounce then you see a shot to seventy five they will be in phase two and you get a clear shot at three fifty but pile bass's comments on why he recommended the

university of texas buy gold was that quote central banks are printing more money than they ever have so what's the value of money in terms of purchases of goods and services i look at gold as just another currency that they can't print anymore of. right i mean it's currency risk and gold and silver are a currency that's the key concept in that phrase in other words it's not a commodity it's not speculation it's a currency it's been out of favor for twenty years and now suddenly it's coming back and it's restarting itself as the store of value that it has been for five thousand for ten years sense of forty years of paper money experimentation after the collapse of the gold standard and i think seventy one is over and the end is more fodder has said you still got seventy eight percent of the big players around the world are heavily invested in dollars so even though the euro looks kind of weak not many folks really only euro compared to the dollar the dollar is really the piniella that's going to get

a whack whack in the act again and driving gold and silver too on god the measures of price appreciation and i get so excited i think of it i actually have a transcendental experience i can see the silver and gold gods now hovering above beckoning me to the four place level of six seven thousand i see you gold i'm coming to you gold gods the price is appreciating gold gods thanks many people don't realize that you are also as well as being the general of this liberation army that you are also a pinup. and i found the photo the poster the proof the evidence bed you're the pin up girl yeah those are my disco days. clearly judging by this but obviously i have nicer legs and life masters now that's clear so not only is she a c.d.s. terrorist concocting financials of mass financial destruction but she's got hairy short little stubby legs. going near that with so again gold and silver

are a c.v.s. against us the fault yet now here is another reason to buy gold and silver to protect because there's no sign of the us is going to fix itself headline reads republicans will make the. us third world nation obama so obama said to a fundraiser in chicago under their vision meaning the republicans we can't invest in roads and bridges and broadband and high speed rail i mean we would be a nation of potholes and our airports would be worse than places that we thought that we used to call the third world but who are now investing in infrastructure apparently he's never been out of the u.s. he doesn't lies it is third world and story filled of potholes and dilapidated airports where they live in the slow global delusion they never travel outside of the u.s. they go to disneyland instead they say to the eiffel tower something you see in las vegas. they are without any worldly view whatsoever which is the byproduct of

having the world reserve currency for sixty years after world war two and you don't have any global vision of the leadership obama you know i think he's probably the worst american president in the history of american president because he's so narrow minded he's so uninformed he's he's ever been outside of what he has what he grew up in into these areas for example but the point is it doesn't matter it's obama or bush he was just a stupid they're just as idiotic as each other because the fact is that it's not just investing in a rail systems and infrastructure that is part and parcel of having an economy that can function but first he didn't economy and you need to get rid of those bankers as the s. and p. and s. and p. didn't say oh we're the outlook for the u.s. debt is negative because they don't have an infrastructure system a dilapidated system and potholes they set up because the banks are still too strong they're still there more dangerous than they were pretty two thousand and

eight that's why he his statement is idiotic ok so the infrastructure the banking system is dilapidated the banking infrastructure yet those does dilapidated yes but they were used to fix it yes but they throw money at it yes and it spurts out in play. this is because it's all broken the plumbing is broken they have a water main break the water will come out and somebody's house one guy's house here it will flood somebody else it's a complete plot breakdown of plumbing the system is the lack of data is broken the fed is keep printing money so if you're a rich person that got hooked up so the money comes gushing out of your stank but if you're poor person you're going to destitution that is it's rigged and broken in favoring the current kleptocracy which is a which is a fantastic system if you're running a club soccer city but yeah i mean obama obviously a lot of referring to is worldly view i'm talking post labatt of me. clearly before the bottom yes he had some world traveling experience but then coastal bottom e.

he is a dunderhead all right so i think that does it for now now you promised chicken soup later i did max i did as long as he put back on your pinup outfit that sounds good tasting indeed well now go away much more coming your way. why not stick around. well. you believe the signs and signals from the realms of. the future coverage.

welcome back to the kaiserin for time now to go to washington d.c. and talk with talk to the director of the billionaire's tea party a film they'll be airing soon on our c thanks for coming on the kaiser report thank you very much all right doug ulman who are the billionaires behind the tea party and what do they want my film primarily looks a billion it has the koch brothers charles and i have a card they have primarily an oil refining conglomerates for the company koch industries that a third and fourth richest people in america now and big companies considered the second largest private company in the country so they very very wealthy people what they want is by sickly so you create a privatized america they what they call free market capitalist they hardly ideological and they basically try to get government out of the white so people

like them can can pretty much do business in any way they truths all right so they want to do a takeover of america and in doing this by creating this tea party movement basically and it's quite remarkable right because the tea party folks who follow it seems to be arguing in protesting and demonstrating against their own interests tell us about what is happening in wisconsin the koch brothers role there what is their role in. governor walker's agenda have the brothers benefit from what he's pushing before we got to that is probably quite it is an important point that you mentioned before which is people going against their own interests because i mean the big thing here is that if you say what i just said so it's a patio so i will no one's funding they aren't saving billionaires so high. mate what it is it's a kind of a two step process it's basically a propaganda campaign through a series of front groups funded by the car x. corporate players and other wealthy billionaire has been named such as freedom works in americans for prosperity have basically car mean and said the talking

points and would organize a lot of the state party rallies so that's the way it's worked and if you look at what's happened in wisconsin it's a lot of the science being. the the thing that got the most precise was governor walker and the connection to the cards i should say was governor walker had been given an amount of money by the cards and in relation to the campaign finance it was fairly high like it was the second or third highest or something like that it was it was in the tens of thousands it wasn't a lot of money where the really influence primarily to get walker elected but then subsequently to try and support he's a his approach to bust the unions was through the through these front groups that i'm talking about and in particular americans for prosperity they ran a lot of ads during the two thousand and ten elections like for governor walker and they've also been running a lot of ads in five of these reforms they also were primary organizers of the

various rallies that were out sue to support what walker was doing and so really it's through these front groups that look like citizens groups and if i could have citizens involved but not realizing in many ways what who they're who they're actually supporting. that the cops have been exerting influence but i hear these tea partiers on television and i hear right wing pundits and g.o.p. pundits they always lead their attacks with the government the government is this the government is that and yet the government is the people in what they're talking about. is replacing government with corporations and corporations exactly are clearly. interests are clearly not in the interest of the people or the public domain or the commonwealth or the republic there's always been this tension

between the privatization of the assets of the country and free market enterprise that should benefit a majority of the country so why are the tea partiers so stupid i guess is the question walk away see that they're being is like you know chum fish for sharks this is the big question isn't it i mean when i say before that there was a propaganda campaign it's exactly that it's it's you have people whose ideology is basically the private enterprise shrewd control everything so there should be no thoughts thing of government funding schools they should be no unions they should be no are you any sort of social safety net there should be no environmental regulations no food no drug regulations i mean basically you've got to they have this utopian vision if you will but somehow if we if we just went private enterprise run the world then it's going to it's going to create this beautiful equilibrium that that it that it is perfectly in balance with human plagues natural

state and that somehow government is. is interfering in the market too and things like wealth redistribution are not a good thing now obviously. then you can just go ahead and straight out say it stuff because it's not very popular it's really going to benefit the very wealthy people so this is where the propaganda campaign comes in so i don't look at it as being it's tea parties being stupid so much it is as there has been a very effective propaganda campaign to to wrap these messages up in the american flag to basically tar these messages in with the founding fathers to target mean with the constitution and to do you mean ours big government big government i should say and to demonize the record barbara's a socialist so you've got the jewels aspects propaganda which is war and you wrap your thing up in something that people care about and love and this crisis

nationalism national pride and you also they even eyes your presidency and things that people will have a negative reaction so you're in this crisis socialism and big government trying to take control of individuals lives which is one thing american rights it's the thought of fifth graders being taken away right now you mentioned wealth redistribution and kelly yeah this week from a lot from hollywood is the film version of went. the book written by idea and who has been quoted often by stallworth such as alan greenspan and the hall private market private equity hedge fund community the top one tenth of one percent as exemplary of the attitude that they want to a spouse and yet this idea of wealth redistribution is a misnomer because the only wealth we're seeing redistributed is the wealth from the commonwealth to the top one percent i mean that's the wealth redistribution and

now the tea party says we're against rothery just to be asian in yet they're funded by the biggest wild three distributors in the country they're called brothers to vacuum the wealth using market manipulation insider trading favre isn't in washington. clucked as a clipped ocracy they do everything except open up a gas chamber start gassing people so why again in america are people so frickin stupid what the philosophy of iran you know who book the virtue of selfishness kind of pitter misers the philosophy there which was by sickly that if everybody is out there working in their own interests rather than having any form of altruism but some our society will create this as i said before this equilibrium now the irony is that while the kikes and other people but let's talk about the quotes for a minute have poured millions and millions of tons of mean hundreds of millions of dollars into this these free market movement this idea of getting government out of

the way as a as a philosophical issue as an ideological issue they are they some of the worst practitioners of crony capitalism around in practice it's got nothing to do with the sting of just opening up the markets to a level playing field as he said i mean let's look at the climate example rather than accepting that most are to say that climate change is real and therefore let's see let's lay it what what morton methods can be done to try and alleviate that and different technologies can rise to the surface by sickly what they're doing is trying to artificially. in the position of the oil industry it's got nothing to do with free market capitalism and it's got everything to do with crony capitalism and they're for. the whole point of crony capitalism is late scaped for money in the hands of the world for your citizens right at the core of free market capitalism is a concept called competition so if the government of the people's house decides

they want to bring about something called a public option that means or bring about competition in that industry if the people house in washington decide they want to fund alternative energy and alternative forms of mechanization and engine development that's competition if the people's house say they want to roll back patents on drugs that's pro-competition and if these big corporations go out of business then five or ten or fifteen take their place that creates more jobs so they will it's a pro-competition pro jobs platform to get rid of an uplift you're really corny caplets they were the clock rats i would amount to get americans who want to have jobs and they would run out of savings and they want to have and not be the laughingstock of the world plan a couple of coke idiots using them like you know real real real frickin jack asses but anyway let's move on i gotta gotta get my still box here let's the talk about

the astroturf the koch astroturf groups they generally think they are grassroots right this is they talk about how this nonsensical astroturfing dupes people into voting against their self interest to look at sort of how the rise of the carts it's useful to look back in ninety ninety when david carr actually stood for for us president of the libertarian party now this is where you get an insight into a lot of those policies that are mentioned before about getting rid of the social safety net etc we started doing that i was a player friends and i got less than one percent of the far right because the rarely use people who want cars things they did right for the wealthiest people but for the rest of us they're really not that bright and so what brain state did is in knocking id for they found a group called citizens purse and economy now citizens first. an economy i hope purpose of his was to basically filter this beast message through what looked like a grassroots group so it by sickly had the impression that people themselves were

or were were are espousing these particular i feels when in fact it was paid or prettiest of the cards and sorry what they did is buy buy so starting free markets for freedom were never revealing that people like it the tobacco industry or the oil industry or the banking industry will pouring money into these groups and running what they call pay for play campaigns where for example they come out and say well tobacco taxes are an example of big government going crazy well they never told their people the support of a growing supporter but is that in fact the philip morris happened to be pouring a couple hundred thousand dollars into this particular camp right and so i over the years the group room group kept playing up the campaign after campaign all right we've got about thirty seconds left or so let me ask you this question over there and italy are if you follow the politics must mean silvio berlusconi's been caught up in a scandal that barely has these semiannual auditions were girls come to his place

and they put them through their paces and then the girls that are willing to have sex with them at the end of this process in some degrading manner are given jobs as t.v. presenters does this explain does this explain michele bachmann and sarah palin i'm going to leave that you aren't you ok i see david culkin i see silvio berlusconi i see he's shiksas who are running in the tea party and think and well they're both kind of media whores i guess if that's all right you got to fill kellyanne to start a billionaire's tea party it's going to be an artsy thank you all and thanks a lot for being on the kaiser report my pleasure and if anyone wants to check out it's the facebook dot com billionaires tea party come and check it out thank you very much max there. separate and that's going to do it for this edition of the kaiser if you are with me max kaiser and stacey harbor is making me some chicken soup as we speak and i want to thank my guests all that if you want to send me an

e-mail please do that kaiser report at r t t v are you and i like stand as max keiser saying value. for the food we've completed. the biggest issues get the cuban voice face to face with the news makers. from. home.