for the. we've got. the biggest issues that human voice face to face with the news makers. blow again here's a quick recap of the top stories here on our feet here's amount over the future of egypt where the al qaeda linked and muslim brotherhood group is poised to clinch a victory in the coming election september vote will be the country's first since hosni mubarak stepped down. and the son of russian that's a virus who never get he got spares me has reportedly been kidnapped for ransom in moscow. scarcely went missing two days ago.

the doctors warned that the people exposed to the gulf of mexico oil spill could face a greater risk of cancer a year on and many who took part in the clean up operation are seriously ill with officials accused of trying to sweep the story under the rug. pull up next financial gurus max kaiser and stacy her birth look at the scandals behind this week's economic news headlines that's coming up in a few moments. for the. we've got. the biggest issues get the human voice face to face with the news makers.

extra eyes are 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 r t t v are you let's get all the latest shenanigans and criminal activity from wall street stacey however you're 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 are all the precious metals prices have been soaring this week and that's an my first headline 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.m.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 so in particular they point out that fannie and freddie they believe will need another three point five percent g.d.p. on top of the one percent of g.d.p. that has already gone through fannie mae and freddie mac. well many of the straight. barack obama comes into office hank paulson goes to congress puts a gun to their head says give us three quarters of

a trillion dollars to solve the structural damage to the banking system obama does that comes with tarp and in other programs they take fannie mae five trillion dollars debt they put her on the u.s. government's balanchine that means that the u.s. government's got seventeen eighteen trillion dollars of debt they raise the debt ceiling by two trillion going to raise it 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 country would be growing the mortgage crisis would be behind 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 sort of a casino every bank got 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 way 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 compared to come out of the income of the american taxpayer right now twenty five percent of the taxes that america pays to the government are paid for 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 will 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 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 and 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 jew's 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 it smacks 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 find in 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 the c.t.'s or paper gold so who are the bass family the bass family they are super wealthy they've been riding the ball for decades they've been writing the take out bull the leveraged buyout ball the all the rallies that we've seen in stocks bonds over the past thirty years you know the past families 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 and went from two fifty to fifteen hundred and there were in phase two or makes a 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 is 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 and it'll break out of the old club brothers i a fifty dollars an ounce then you see a shot to seventy five then will be in phase two and you get a clear shot at three fifty basses comment 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 and that phrase in other words is not a commodity it's not speculation it's a currency it's not a favor for forty years and now suddenly it's coming back and it's restarting itself as the store of value that has been for five thousand frickin years sense of

forty years of paper money experimentation after the collapse of the gold standard in one hundred seventy one is over and the end is more fodder has sent 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's really the piniella it's going to get a whacked it whacked in a whacked again and driving gold and silver too on gobbling measures of price appreciation i'm sorry 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 a sober liberation army that you are also a pin up. high pound of poto the poster the proof the evidence that year then pin

up girl oh i forgot yeah those are my disco days well they clearly judging by this but obviously i have nicer legs than black 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 study legs. and get near that with so again gold and silver are a c.v.s. against u.s. defaults 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. 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. it is third world it's already filled of potholes and dilapidated airports but we live in this slow global delusion we never travel outside of the us 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 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 when he grew up in indonesia is for for example but the point is it doesn't matter it's obama or bush he was just 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. 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 they're 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 yes there's there's dilapidated yes but they were refused to fix it yes but to throw money at it yes and it spurts out in awful. he says because it's all broken the plumbing is broken and if a water main break at the water will come out in somebody's house one guy's house here and flood somebody else it's a complete plot breakdown a plumbing system is the law but there it's broken the feds keep printing money so if you're a rich person that got hooked up so the money comes gushing out of your saying 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 talk talk or c but yeah i mean obama obviously i'm one of referring to is worldly view i'm talking post labatt of me. clearly be full of bottoming yes he had some world traveling experience but then postal bottoming he is a dunderhead all right so i think that does it for now know you promise to consume later i did max i did as long as you put back on your pin up outfit that sounds good tasting indeed well now go away much more coming your way. why not stick around. for the food we've got. the biggest issues get the cuban voice face to face with the news makers .

renewed elitists in science technology from the realm of. the future. welcome back to the kaiser of our time not to go to washington d.c. and talk with a talkie director of the billionaires tea party a film that will be airing soon on r t thanks for coming on the kaiser report thank you very much all right todd who are the billionaires behind the tea party and what do they want my film primarily looks a. who the koch brothers charles and i have been kartik. primarily an oil refining conglomerates for the company koch industries the 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 churches rights they want to do a takeover of america and they're 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 in the cold brothers role there what is their role in. governor walker's agenda how does the brothers benefit from what he is pushing before we go to that is probably quite it is an important point that you mentioned before which is people going there any. because i mean the big thing

here is that if you say what i just said to a tape idea and so i will know once funding may i don't see any billionaires behind me 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 who's been named such as freedom works and americans for prosperity have basically kamin and set the talking points and would organize a lot of these tapes the 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 crisis i should say was governor walker had been given an amount of money by the colleagues and in relation to the campaign finance it was fairly high like it was the second with it highest or something like that it 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 is 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. for governor walker and they've also been running a lot of ads in five all of these reforms and 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 in fact do have citizens involved but not realizing in many ways what who they're who they're actually supporting. that the koch's have been exerting influence when 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 guy. it the government is this the

government is that and yet the government is the people and 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 on they don't see that their being is like you know chum says fish for sharks this is the big question isn't it i mean when i said before that there was a propaganda campaign it's exactly that it's it's you have people whose ideology is bicycling that private enterprise shrewd control everything so they should be nice first thing of government running 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 bicycle you've got to they have this utopian vision if you will but somehow if we if we just like 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 beings natural stice 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't just go ahead and strike at stuff because it's not very popular it's really going to benefit the very wealthy people so bases where the propaganda campaign comes in so i don't look at it as they are being is the 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 tar the mean with the constitution and to demonize big government big government i should say and think they even are as barack obama was 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 it's crisis nationalism national pride and you also they even are as your opponents in things that people will have a negative reaction so you in this case it's socialism and b. government trying to take control of individuals lives which if there's one thing american heights it's the thought of a afraid of being take the why we're right now in legend wealth redistribution and tell you how this week from a lot from hollywood is the film version of when. the book written by iran 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 wealth redistribution and yet they're funded by the biggest rothery distributors in the country they call it brothers to vacuum the wealth using market manipulation insider trading favor ism in washington. clipped as a clipped ocracy they do everything except open up the gas chamber start gassing people so why again in america are people so frickin stupid what the philosophy of iran and you know who cooked a virtue of selfishness cardiff appear mises the philosophy which was basically

that if everybody is at it working in their own interests rather than having any form of altruism and some out society will create this as i said before this equilibrium now the irony is that while the coax and other people but let's talk about the quotes for a minute have poured millions and millions of tons of me hundreds of millions of dollars into these 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 market 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 more and 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. 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 therefore. whole point of corny capitalism is let's just paper 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 but 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 that's a pro-competition pro jobs platform to get rid of the nautilus get rid of the corny

cap was get rid of the topic rats i would not would think that americans would want to have jobs and they would want to savings and they want to have and not be the laughingstock of the world by a couple of coke easy it's using them like you know real real real fricken jackasses but anyway let's move on i gotta get my still parks here let's the let's 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 to rosa picard's it it's useful to look back a night or a night when drive a car it actually stood for for us president of the libertarian party now this is where you get an insight into a lot of force policies that are mentioned before about getting rid of the social safety net etc we started doing that policy platforms and i got less among the same of the far right because the rarely use people who want buy things big big 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 north america for they found a group called citizens for a sound economy now citizens first. in economy the whole purpose of these was to basically filter these these message through what looked like a grassroots group so it by sickly had the impression the people themselves were were were are expanding these particular ideals when in fact it was paid or pretty face of the chorus and sorry what they did is buy buy sociate in free markets be freedom ride 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 peak government going crazy well they never told their people the support of a growing support is that in fact the philip morris happened to be pouring on

couple hundred thousand dollars into this particular campaign and so over the years they grew room group with care plaintiff a campaign after campaign where we've got about thirty seconds left or sell let me ask you this question over there in italy out of the fall the politics silvio berlusconi's been caught up in a scandal that barely has the 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 and 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 have to look into that you are ok i see dana cult i see silvio berlusconi i see the shiksas who are running in the tea party i think and well they're both kind of media whores i guess if that's all right you got to feel kellyanne is called a billionaire's tea party is going to be an artsy attack at all then thanks

a lot for being on the kaiser report my pleasure and if anyone wants to check out it's facebook dot com billionaires tea party come and check it out thank you very much max there. it's oprah and that's going to do it for this edition of the kaiser report with me max kaiser and stacey harbor is make a mess of chicken soup as we speak and i want to thank my guests jackie all that is going to send me an e-mail place this at kaiser report and art a t.v. that are you and i like stylists back that are saying value.

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