we're at the gas station so want to pay for the errors in the money pretty little bit of research we have a really really want it's. true but that's not a rosy picture but i want to thank you for painting and that was charles goyette author of the new york times best selling book the dollar meltdown and that's no joke for now for want of stories we cover go to our t. dot com slash usa i'm lauren lyster i'll see you back here tomorrow for an art more news until then good night. the world. believe this in some instances the words from. the future coverage. of the. the in the.

the. h.n. are here broadcasting live from washington d.c. coming up today on the big picture.

my stars are this is the kaiser report the decapitate bankers tour continues we had a great show in dublin and then we move on to amsterdam and then possibly sweden

and from there it is a 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 it r t t v r u 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 and 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 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 to fannie and freddie they believe will need another three point five percent of g.d.p. on top of the one percent of g.d.p. that has already gone to fannie mae and freddie mac. going to start. barack obama comes into office hank paulson goes to congress but you're going to their heads give us. three quarters of a trillion dollars to solve the structural damage to the banking system obama does that comes through tarp and of another program 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 in debt they raise the debt

ceiling by two trillion and then raise it again by no other five to twelve trillion . and at this juncture the net total sum of all of those belly up money and money printing to help the creditors has 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 gold us and they left us rotting carcass as a shell barack obama did have come in office wipe 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 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 here wrong there according to an 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 load it into the balance sheet tens of trillions more in debt and then that's debt that means debt service that has to become that's to come out of the income of the american taxpayer right now twenty five percent of the taxes that america pace of the government or pay 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 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 help it and it's dying

and i say good riddance well remember as greece and portugal and spain. were 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 that 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 huge 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. defaults well then texas is going fall on the session it's the max in this next headline texas university takes 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 at h.s.b.c. in new york it's physical cold 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 vast family they are super wealthy they've been riding the ball for decades been writing the take out bull the leveraged buyout ball but the all the rallies that we've seen in stocks bonds over the past thirty years you know the vast 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 and down 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 we're from two fifty to fifteen hundred no we're in phase two or makes a move from fifteen hundred to six seven thousand dollars an ounce they will 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 silver 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 breaks out of the old brother's eye of fifty dollars an ounce then you see a shot to seventy five it will be in phase two and you get

a clear shot at three fifty but kyle bass's comment on why he recommended the university of texas by 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 went 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 mark probert has said he's still got seventy eight percent of the big players around the world or hedley invested in dollars so even though the euro looks got a 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 in the act again and driving with gold and silver too on godly 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 you gold gods 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 what i found a photo the poster the proof the evidence that you're there to not girl yeah those are my disco days but 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 stubby legs. going near that with so again gold and silver

are c.d.'s against us default 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 replies it's third world it's already filled of potholes and dilapidated airports but we live in the slow global delusion literature analysts are the us they go to disneyland assert this think the eiffel tower something you see in las vegas. they are without any worldly view whatsoever 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 he's probably the worst american president in the history of american presence here because he's so narrow minded he's so uninformed he's ever been outside of what he has when he grew up in indonesia 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. the s. and p. didn't say oh the outlook for the u.s. debt is negative because they don't have an infrastructure system a dilapidated system and potholes they said it because the banks are still too strong they're still they're more dangerous than they were pre 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 dilapidated yes but they were used to fix it yes but they throw money at it and it spurts out in our play. he says because it's all broken the plumbing is broken give a water main break and the water will come out of somebody's house one guy's house here and flood somebody else it's a complete plot breakdown of plumbing system is the lab there is broken the feds keep printing money so if you're a rich person they've got a hold up so the money comes gushing out of your sink but if you're a poor person you're going to destitution i mean it's rigged and broken in favoring the current kleptocracy which is a which is a fantastic system if you're running a kleptocracy but yeah i mean obama obviously. one of the referring to is worldly view i'm talking post the bottom. clearly before the bottom 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 you promised chicken soup later i did max i did as long as you put back on your pin up outfit that sounds good tasting indeed well no go away much more coming your way so why not stick around.

see. welcome back to the kaiser of our time now to go to washington d.c. and talk with a talkie allen director of the billionaire's tea party a film that will be airing soon on r c thanks for coming on the guy's report thank you very much all right talking who are the billionaires behind the tea party and what do they want my film primarily looks a billionaire has who the koch brothers charles and diet coke they have primarily an oil refining conglomerates through their company koch industries that

a third and fourth richest people in america now and big companies are 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 buy sickly trying to get government out of the why so people like them can can pretty much do business in any way they truths right so 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 and the koch brothers role there what is their role in. governor walker's agenda how does a brother's beneficially 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 said to a tape idea they'll say well no one's funding may i don't see any billionaires behind me what it is it's a kind of acoustic crisis it's basically a propaganda campaign through a series of front groups funded by the carcass of corporate players and other wealthy billionaires benign such as freedom works and americans for prosperity. have basically car mean and set the talking points and i would organize a lot of these tape 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 thing. the the pavement at 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 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 real influence primarily to get walker elected but then

subsequently to try and support he's in 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 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 to who they are 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 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 then corporations exactly 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 lock on they don't see that their being is like you know. just 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 a it's you have people whose ideology is by simply the private enterprise should control everything so there should be no thoughts thing of government funding of

schools they should be no unions they should be no any sort of social safety net there should be no environmental regulations no food no drug. 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 there being there's two 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 to mean with the constitution and to demonize big government big government i should say and to they even our record farmer 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 this crisis nationalism national pride and you also they even eyes your opponents in 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 includes 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 iran and who is been quoted often by stalwart 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 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 well to be distributors in the country to call brothers to vacuum the wealth using market manipulation insider trading favre isn't in washington. clucked is a klutz 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's you know who book the virtue of selfishness kind of peter mises the

philosophy which is by sickly that if everybody is out there working in their own interests rather than having any form of altruism then somehow society will create this as i said before this is a queer libris i'm now the irony is that while because. other people but let's talk about the codes for a minute have poured millions and millions of tons of me and 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 this arm 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 therefore. the whole point of corny capitalism is let's just paper money in the hands of the world for you 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 the public option that means they're bringing about competition in that industry if the people house in washington decide they want to find 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 opposite

a really corny caplets you are the classic rats i would amount thinking americans would want to have jobs and they would want to have savings and they want to have and not be the laughing stock of the world i have a couple of coke idiots using them like you know real real real fricken jack asses but anyway let's move on i got i got my still parts here let's the let's talk about the astroturf the koch aster church groups they generally think they are grassroots right this is to talk about how this nonsensical astroturfing gets people into voting against their self-interest to look at sort of how to run as a big hearts it it's not useful to look back you know i say nights when drive a car it actually stood for vice president of the libertarian party now this is where you get an insight into a lot of doors policies that are mentioned before about getting rid of the social safety net etc we started to do that policy platforms and i got less than one percent of the far right because the growing use people to really want buy things

they did great for the wealthiest people but for the rest of us it really know about christ and so what brain state did is in a very naughty id for they found that a group called citizens per cent economy now citizens first. they're in a corner me the whole purpose of this was to basically filter peace peace message through what looked like a grassroots group so it price to clean up the oppression and the people themselves were were were are espousing these particular ideals when in fact it was paid off pretty upset of the cards and sorry what they did is buy buy sociate in free markets be freedom by never revealing that people like it 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 support is very fact the fool morris capital recording are a couple hundred thousand dollars for this particular campaign and so over the years they groom group campaign up to campaign after campaign all right we've got about thirty seconds left or sell let me ask you this question over there and italy either of you follow the politics of us but silvio berlusconi has been caught up in a scandal and fairly has these semiannual additions 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 have to look at you i reckon i see david culkin i see silvio berlusconi i see the shiksas who are running in the tea party i think and puff well they're both kind of media whores i guess if that's all right you got to fill kellyanne it's

called the billionaires tea party it's 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 super and that's going to do it for this edition of the kaiser a four with me max kaiser and stacy herbert is making me some chicken soup as we speak and i want to thank my guests all that is going to send me an e-mail at kaiser report at r.t. t.v. dot are you it's all next on this is nice guys are saying. today violence is once again fled.