concert for a no holds barred look at the global financial headlines tune in to kaiser report. for the full story we've got. the biggest issues get a human voice face to face with the news makers. this is r.t. from moscow it's kevin owen here with you tonight with the top stories fears mounts over the future of egypt where the al qaeda linked muslim brotherhood movement is poised to clinch victory in the coming elections this attender vote will be the country's first since hosni mubarak stepped down and pass power to the egyptian military. the son of russian and a computer virus group going to cause a person he's reportedly been kidnapped for ransom here in moscow officials have confirmed the searching for twenty year old evangelist has he went missing. and

doctors warn that the people exposed to the gulf of mexico oil spill could face a greater risk of cancer a year on many who took part in the clean up operation is seriously ill with officials of can from the street a story under the rug b.p. which was responsible for the disaster is causing in legal battle to shift the blame away from itself. our programs continue up next financial gurus max kaiser and stacy herbert look at the scandals behind this week's financial headlines just ahead. the. guys 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 baffin's huge interest in athens if you want to send me an email 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 for 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 dede masters but as we know they 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 for 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. point five percent of 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 street. back 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 health and other programs they take fannie mae five trillion dollars debt they put it 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 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 barrack 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 but we would have five or six new banks taking their place making loans operating as utility instead of a casino every bank guster 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 the risks from the us financial sector are higher than we consider them to be before two thousand and eight because they loaded on to the balance sheet tens of trillions more in debt and then that's debt that means debt service that has to be compressed to come out of the income of the american taxpayer right now twenty five percent of the taxes that america place of the government are patzer 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 but 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 they're ahead tweeted something very interesting about the gold price or in gold is the new u.s. c.d.s. 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 jews wealth increase and the divide between the top one tenth of one

percent in the bottom ninety nine and so percent has got an even wider well if gold is the new u.s. c.d.s. insurance against u.s. defaults well then texas is going full on 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 is being held at 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 so who are the bass family the bass family they are super wealthy they've been riding the bull 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 bass 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 then our interface 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 soon or however is still in phase one it 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 good brothers a fifty dollars an ounce then you'll see

a shot to seventy five then will be in phase two and you get a clear shot to 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 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 has been provided thousand fricken years sense of forty years of paper money experimentation after the collapse of the gold standard in one thousand seventy one is over and the end as war fodder has said he's 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 own the euro compared to the dollar the dollar is really the piniella that's going to get a whack whack going to whack again and driving gold and silver too on gardening measures of price appreciation i'm sorry i get so excited when 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 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 this liberation army but you are also a pin up. i found the photo the poster the proof the evidence that say you're the pin up girl you know those are my disco days. clearly judging by this but obviously i have nicer legs than blue eyes 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 harry

short little study legs. going near that with so again gold and silver are a c.d.s. against us the faults now here's another reason to buy gold and silver to protect because there's no sign that 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. is third world it's already filled of potholes and dilapidated airports well they live in the slow global delusion they never travel outside of the u.s.

they go to disneyland istook they think the eiffel tower something you see in las vegas. they are without any worldly view what so ever what 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 is 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 never been outside of a cut but what he has when he grew up in indonesia was for for example but the point is it doesn't matter it's obama or bush he was just the 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 that outlook for the u.s. debt is negative because they don't have an infrastructure system a dilapidated system and potholes they said 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 yet the is dilapidated yes but they were refused to fix it yes but they throw money at it yes and it spurts out in places because it's all broken the plumbing is broken you have a water main break the water will come out of somebody's house one guy's house here flood somebody else it's a complete breakdown of plumbing the system is the law of nature is broken the feds keep printing money so if you're a rich person they've got a hook up so the money comes gushing out of your sink but if you're a poor person you're go into destitution that is rigged and broken in favoring the current kleptocracy which is a which is a fantastic system if you're running a talker city but yeah i mean obama obviously. referring to is worldly view i'm

talking post the bottom of. a clearly before the bottom yes he has some world traveling experience but the postal bottom e. he is a dunderhead all right so i think that does it for now know you promised chicken soup later i did max i did as long as you put back on your can of outfit. that sounds good tasting in date well i'll go way much more coming your way hey why not stick around. the. world. bringing you the latest in science and technology from around the world.

we've got the future covered. welcome back to the kaiser reports i'm not to go to washington d.c. and talk with a talkie director of the billionaires tea party a film they'll be airing soon on r c thanks for coming on the kaiser report thank you very much oh right dog who are the billionaires behind the tea party and what do they want my film primarily looks a billion it was who. was charles and i had coke they had primarily an oil refining conglomerates through the company koch industries and the third and fourth richest people in america now and big companies considered the second largest private company in the country so they have very very wealthy people what they want is by sickly to 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 their rights 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 and the koch brothers role there what is their role in. governor walker's agenda how do the brothers benefit from lee is 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 say to a tape idea so i will no one's funding they aren't sitting billionaires behind me what it is it's a kind of a two step process it's by sickly a propaganda campaign through a series of front groups funded by the carcass of corporate players and other wealthy billionaires denying such as freedom which in americans for prosperity. i

have basically car mean and set the talking points and i would organize a lot of these tea 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 about the most precise it 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 with it harassed 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 said 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 favor 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 in fact to have citizens involved but not realizing in many ways what to who they are who they're actually supporting. that the quotes have been exerting influence what 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 and what they're talking about is replacing government was corporations and corporations actually are clearly. interests are clearly not in the interest of the people or the

public domain or the common well. for 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 tell see that they're being is like you know old chum 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 by simply that private enterprise should control everything so there should be no thoughts thing and government funding of schools there should be no unions and it should be no 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 state and that somehow government is. is interfering in the market 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 they being is 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 tar the mean with the constitution and to demonize big government big government i should say and they even ours barack obama is 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 eyes your opponents in things but people will have a negative reaction to you 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 they afraid of being taken away right now imagine wealth redistribution and kelly out this way 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 has fun community the top one tenth of one percent as exemplary of the attitude that they want to espouse 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 wild three distributors in the country they're called brothers to vacuum the wealth using market manipulation insider trading favor isn't that washington. kleptocrat is a club talk r.c. 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 and on of iran's you know who booked a virtue of selfishness carnival epitomizes the philosophy fair which is by sickly that if everybody is out there working in their own interests rather than having any form of altruism and so now society will create this as i said before this equilibrium now the irony is that while the cokes 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 they some of the worst practitioners of crony capitalism around in practice it's got nothing to do with this thing of just opening up the market so 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 methods can be done to try and alleviate that and different technologies can rise to the surface by sickly what they are 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. the whole point of crony capitalism is let's to skate for money in the hands of the well 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 that's a pro-competition pro jobs platform to get rid of an uplift a really corny capitalist get rid of the clock rats i wouldn't think that americans would want to have jobs and they would want to have savings and they want to and not be the laughingstock of the world by a couple of coke any it's using them like you know real real real frickin jackasses but anyway let's move on i got i got my soapbox 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 to rosa because it's useful to look back you know i say ninety eight when david carter actually stood for vice 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'll start to be in the platforms and i got my some number sort of a part because the rarely use people who want more things it big right for the wealthiest people but for the rest of us they're really not about price and so what i did state did is in a very naughty id for they found that a group called citizens per sandin economy now citizens press. in economy the whole purpose of this was to basically filter this beast message through what looked like

a grassroots group so it basically had the impression that people themselves were were were are expanding these particular ideals when in fact it was paid or party of some of the cards and sorry what a piece by by sociate in free markets but freedom right never revealing the people like the tobacco industry or the oil industry or the banking industry with 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 is that in fact the philip morris happened to be pouring a couple hundred thousand dollars into this particular campaign and so over the years the group room group with campaign i think campaign after campaign all right we've got about thirty seconds left or sell and let me ask you this question over there in italy either of you follow the politics much but silvio berlusconi's been

caught up in a scandal that barely has the semiannual additions were girls come to his place and they put some 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 have to look at you i reckon ok i see david culkin 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 it's all right you got to fill kelly out of style to billionaires 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. separate and that's going to do it for this edition of the kaiser report with me max kaiser and stacey herber is making me some chicken soup as we

speak and i want to thank my guests tacky all that is going to send me an e-mail please do so at kaiser report at r.t. t.v. dot are you until next time this is max has anybody. it.