tv [untitled] May 5, 2011 7:30am-8:00am EDT
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since it's broke so it's all maternal grown children have an issue marko results until you saw the snow tiago. results michael beverly pulls its own riviera hotel mccann cintra hotel mccann. with r.t. live from moscow where it's now or half past three in the afternoon a recap of the headlines washington hasn't retracted its promise to release an image of bin laden's corpse saying it could instigate more violence but constant of backtracking by the u.s. on its account of the mission against the al qaeda head is feeding more suspicions . bin laden's death those put pakistan's army on the highest state of alert amid fears of a backlash of people in the country a furious over the u.s. war on terror which they claim is fueling instability rather than. the u.s.
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says colonel gadhafi must be ousted to ensure the safety of civilians meanwhile coalition forces are accused of intervening in the north african country to stop its leader from jumping off the greenback rather off the oil trading speaker. boehner comes of usual find out there's no oil trading let's turn up now to our financial guru max keiser i was going to be explaining what rising silver prices have to do with the killing of osama bin laden and many other financial ideas and stories to stay with us. hi i'm max kaiser and welcome to the kaiser report you know j.p. morgan is so desperate to keep the price of silver down they defrosted some of bin laden threw him into the ocean just to deflect attention from the fact that the
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silver prices rising up j.p. morgan the stock price that's the key threshold once it gets above j.p. morgan stock price it's hello enron style collapse jamie diamond down the street doing nothing yeah that's the way it all goes in the way the world of global finance where america's animal spirits and lust for they kill kill hate hate of a song as god the testosterone level so high that the sperm banks are overflowing over there oh yeah get those dixie cups thirty ok say sarah well yeah for me well max actually mention osama bin ladin he should have listened to charlie monger because of course you're halfway had their shareholders meeting last weekend monger buy gold if you think your country is going to kill you good idea charlie monger well this is a tacit approval recognition of the fact that the relationship between gold and total countrywide malfeasance much longer is putting the price on the fact that as
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the u.s. commits suicide price of gold to go. well also you have to define kill i mean there are you could kill somebody physically and dump their body in the ocean or you can still kill them financially and economically and kill their future and that is what one could argue the fed and the treasury are doing that's exactly what they're doing exactly what gold is going are they're committing euthanasia of america as conducted by the old couple was also following on bin laden the dollar rallied and silver thanks sharply on his reported death here comes the headline however city comes pouring cold water the short lived bin ladin bounce. so they're referring to the short sharp rise in the dollar following the death but then they go on max however negative sentiment for the u.s. dollar has accelerated in recent weeks and short u.s.
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dollar positioning remains high this event serves as a reminder that the us dollar is increasingly susceptible to short squeezes but the relatively quick reversal also indicates that some pretty committed us dollar sellers remain in place of course where markets are punctuated with short swift bear market rallies and goal markets are punctuated with short swift declines like we're seeing in summer so over made a quick ten percent move down down turn toward five hundred the dollar made a quick bounce up a dead cat bounce if you will but it primary trend is down into the gutter is going to zero a ploy on sober is a ploy to put the us dollar where osama is living at the bottom of the ocean after they do frosted him because america wants a bomb again because they don't want to compete anymore they just want to pull up euro style noncompetitive economy run by psychos. i just made that up if you can conservation of schmuck and hieroglyphics just rewind the tape and play
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that again forward and you'll know exactly what i'm saying so max let's move into the other world of financial terrorism i as i said the berkshire hathaway meeting was this weekend and we interviewed janet tab a koli recently about those who wield these weapons of mass destruction financial destruction and we refer to david sokol who was the heir apparent to warren buffett and then he was outed after insider trading his lawyer said it is alarming that mr buffett would be advised to so completely flip flop and resort to transparent scapegoat isn't mr sokol would have expected to be treated fairly that would have been in berkshire his interest you know i think it's interesting because you know this was the first mainstream global media show. that started talking about warren buffett and the fact that he was overrated and he took away the fraud the malfeasance the insider trading the market manipulation from his performance he'd be no better than and s. and p. index fund and this is finally coming out of the end of his career it's
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a shame that he and charlie monger his friend are not going to end their career on a more positive note i'd like to see the video footage of charlie monger just like the gimp from that movie pulp fiction where comes out of florida leathers head to toe suit in a king and then he performs on godly acts of financial carnage in front of the war in their shareholders now that would be a video worth watching so well speaking of shady dealings let's move to the next headline acts shady dealings helps gadhafi build fortune and regime now the thing that's so interesting about this of course we all knew this right where did khadafi get his hundred twenty billion dollars well of course he got it from western corporations or western politicians or western governments but here's the quote it's referring to all these western corporations who plead innocence that they were so shocked that to be asked to pay all these kickbacks the episode and others like
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it the official said reflect a libyan culture rife with corruption kickbacks strong arm tactics and political patronage since the united states reopened trade with colonel gadhafi as government in two thousand and four as american international oil companies telecom firms and contractors moved into the libyan market they discovered that colonel gadhafi or his loyalists often sought to extract millions of dollars and fining bonuses and consultancy contracts or insisted that the strongman sons get a piece of the action through shotgun partnerships to gadhafi is inheriting the mantle from osama bin laden you know because american television is so there's so infused with commercials that they can't have the time to focus on two. bad guys at once they can only have one bad guy at a time since gadhafi is the bad guy to sure they killed off sama they threw him in the water after they defrosted him and this is now their focus going forward is the
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new bit more importantly max this the important thing about this what i'm trying to bring to your attention here is they're saying that they're shocked that this is such a unique to libyan culture the strong arm tactics these consultancy fees for the those connected to the khadafy regime the fact that the son has to be put on to boards of directors think of the bush family think of the clinton family think of the kennedy family how many of these people are forced onto boards of directors look at the carlyle group who's on their boards of directors do we not have the same situation in our own countries forget about gadhafi and bin ladin those guys are dead or were fake i guess i'm confused because i don't really separate gadhafi and the libyan what we know about libya as any different than what we see in america i mean this is part of the same octopus of corrupt wall street and general electric i mean there's a perfect example of a they all they have their terrorist is now inside the white house whispering into all obama's i mean obama zero all day long so this is just
quote
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a complete merging of terrorism and the state it goes beyond fascism festival which is corporations merge with the state this is terrorism merge with the states state sanctioned terrorism these companies claim they were forced to pay signing bonuses and consultancy contracts so let's look at this next act of financial terrorism that we've been watching across the european union banks accused of talking up greek debt fears so this comes from klaus regling the head of europe's rescue fund the european financial stability facility and he told a german newspaper that he believes banks are encouraging talk of a possible greek debt restructuring because they are hoping to earn large fees well first of all terrance quick. host a concert t.v. in greece and gave me this time so that's the first thing i want to say about greece the second thing i want to say is as we've been talking about on the show for months the greek debt situation is a plaything of the c.c.
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king banks on wall street there is no onerous debt there are only assets and fees to rape and pillage and take from the greek people we just came back from athens i played to a standing room only house once again with the hang the bankers who are people in greece still think that there is some logic behind their financial right for their country they don't understand us just requests so the quote from klaus regling is that he said in the one nine hundred eighty s. and one nine hundred ninety s. banks cashed in very high fees for the restructuring of sovereign debt in latin america and asia they would like to do that again in europe and apparently shanghai tree shea according to this article is also on board with this he believes the city has warned sovereign nations that this is happening that these banks just want a stupid fee and they'll throw entire nations under the bus they've thrown ireland under the bus and thrown portugal they've attacked greece they're attacking all these countries just for a stupid little fee and we've reported this over and over and over again five trillion dollars taken from the us economy just for fifty billion dollars in
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bonuses well the opposite of too big to fail is too small to succeed and in the case of greece it's only a three hundred billion dollar economy so it's not even as big as wal-mart one us company it's just the right size to rape and pillage by bankers is too small to succeed so it has to be taken out but you can make you can leverage that through insurance products that you can then you can make trillions on destroying a small economy like greece you see this again in the e.u. from this next headline e.u. probes banks over debt insurance abuses europe has launched antitrust probes into giant u.s. and european banks whose fine slicing of the insurance market was blamed by debt ridden euro. states for pushing them into bailouts so the investigation is focusing on credit default swaps c.d.s. says i love the term fine slicing another synonym for fraud and lying you know
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that's that's that's what ultimately could stop the scandals they run out of synonyms fine slicing the insurance products so it's a. oh it was originally designed as a product to insure those who had holdings or investments in these bonds including the nation but of course it became used as a weapon yeah that's right we've known this for quite some time but the regulators are in the pocket of the banks so don't look for them to regulate and the people are underwater on their houses and they can't have been bothered so in a two pronged investigation the european commission said it will examine whether sixteen investment banks and market and a r k i t the leading provider of credit default swap market information clue did or abuse a dominant position to control financial information this is an update on google's propaganda model number to tell a lie big enough people believe it in today's financial terrorism landscape with
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j.p. morgan goldman sachs if you create an index you say then people will believe it if you take all the fraudulent securities and you create an index the tracks of fraudulent securities then the index magically makes the fraud look legitimate this is all of the fraud here it's so tasty and so delicious because it's collapsing and driving precious metal prices are but the banks have all the sixteen banks involved in this alleged fraud they're investigating this potential fraud the sixteen banks you'll recognize as being the biggest recipients of bailout funds and state aid across the entire world j.p. morgan bank of america barclays b.m.p. pair of us citi group commerce bank credit suisse first boston deutsche bank goldman sachs h.s.b.c. morgan stanley world bank of scotland u.b.s. wells fargo credit agricole and society in general i don't know maybe having a ball during the home but if you do a terrorist or defrost and thrown in the ocean all right stay spirit thanks so much
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greece and talk with doctors care out goes toward brass who is suing goldman sachs j.p. morgan and others for their role in the financial assassination of greece dr tubb ross welcome to the kaiser report i must tell you dr bras you are stealing not only j.p. morgan ing goldman sachs but you're suing the entire financial kit and caboodle even the intermediaries that deal with these fraudulent securities the broker dealers the derivative traders you're going after the whole spectrum of fraud is that not correct and this is so sweet to get. people. to find a sword in the fight is responsible speculators from the greek government manipulation. this is straight against people but they are and if i had this open system i was as i said we're fairly investment banks in the
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world the scum of the greek government prices are going to come to government debt crisis that means investment banks hedge funds traders or for c.d.'s. make it so so they're so big about government banks and they are so it is including they think other c.e.o.'s who help them. with food a fake a pink person to be shipped on to greek economy you know looking back at past scandals like. nick leeson and the barings bank collapse. you know these these brokers are always used to kind of the same technique by hiding all their specular debts off the balance sheet into all suddenly they're discovered and in this case of course you've got the compliance with the rating agencies moody's and s. and p. you've got money managers involved you've got bankers involved i mean is there a case here for racketeering go after this for for under racketeering law this is exactly as you said plan are so right this is not an ice cream no plan. we're going
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kent to give full that you could call me in your good cool speculate over c.b.s. or b shoot them to big government wants this sounds a lot like the subprime crisis in america where banks like goldman sachs were willing to take a loss on the bonds because they made two or three times that amount on their current a fatwah quote unquote insurance products is that like that p.p. is exactly what you say it is in the united states and in the united states present two thousand feet. of c.d.'s see the orse. united states more b.s. use the same think happens here they should see this on the big government but also to create a same crazes the same fair to say manipulation of the market and there is the same results as for example of a united states lehman brothers will collapse after about even here it's happening exactly the same and the greek banks market collapse because of the c.d.'s issued
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going to create government boards yes were familiar now with how the hedge funds and the banks get together and they collude and they engage in market manipulation insider trading to collapse economies to collapse countries and on this front was greece you've got john paulson right he was in the country recently with goldman sachs colluding to collapse the economy correct. position to just one year a copper gold who was here with our fund managers together with goldman sachs in there with old. but i saw speculators that were here and office there when i spoke greek government better together should be seen yes they're managing they're creating them and they're going to greek government dead corpse doctor to process my understanding is that the greek constitution says very clearly that in the case that out of grodd you have to pay those debts if it causes hardship on the people that there is now obligation to pay those debts as conor
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five by the greek constitution these are scary measures therefore are by definition hardship on the people and by definition constitutionally there's no obligation to pay these debts so why is the greek government so willing to break the law and look persecution is not speaking exactly the government begs but constitution speaking about public interest that means welcome varies against the greek citizens agreement against greece greek wealth against the greek state oh god keep is in question to sort out and closer to sources yes you can you don't figure that out there without he's not speaking exactly about government dead i do speaking about public interest that means a saying. on your question why government did differently because governments here in greece for so many years for more than thirty years are slaves
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of the beds because. they make business to live there are governments he outs and i pay seventy four so they're doing what they were to them to do all they can only say we took instead of looking at your lawsuit you're not surprised it's a criminal lawsuit not a civil lawsuit so you get to name names correct us and this is a christmas spirit so that means this is not a guess where it's corporations and there's a great physical outburst from the school wearing birds first my. another c.e.o.'s trade goes to church when any word it will be dealt in this coming this finance us calm that this current the greek government debt crisis so in other words and find a trader of derivatives h.s.b.c. barclays morgan j.p. morgan connected to the fragile and debts that are being applied toward greece my name has even a trader a derivative trader could be in the suit and yes. you could do with fine car you
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trade. pursuit your fatal car you stole this c.b.s. eve you know when you when you say this in this conflict if you have the knowledge that because naked or not naked you understand all of these particular circumstances by creating the crime so per se good reason chas was fired. because she is your own credit would be the persons who are being depicted as possible or not yes and and the way you're going after this also right here year applying the way just departments have gone after rackets in the mafia in the past they find a low level thug in the chain and they go after him and get him to squeal and then work their way up the food chain toward the big copper d'acampo like a lloyd blankfein or jamie diamond correct yes that approach to school kick the razors on or pose beside organization and it will be the justice of discovery lab but we're for them the little fellow humans left
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a lot of proof not to have everything to proceed to make their names to stop calling people who'll polk and for them it would be easy to find two hours to the end where this visa to circle or for services sukkot of a crisis ok so you mentioned proof what form does the proof take ok the forms of the proof very easy to understand for somebody. as it pleased. no i meant that in order to wipe out in my kitchen there was a criminal law here in greece for example. when you threw him into russia on market . but i'm dealer of the government balance of the greek state in the same time you cannot say oh c.v.s. against the government balance if you do one game you cannot do also there closer so we should be against the interest of your customers and your costs are going this moment is greek state because you are to go well if it's government balance
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where you said there are fewer customers look it's called the greek state and the same moment you can not so your customers bankruptcy so my customer this sounds familiar you know the congress in the united states is calling back and to testify in front of congress as a witness lloyd blankfein the c.e.o. of goldman sachs they believe he committed perjury when he first appeared talking about the role of goldman sachs and selling securities the head of their customers and profiting from double dealing to their customers engaging in the kinds of fragile behavior that you're describing right here they want him to dig down a little deeper into his memory banks to see if he can dredge up some of that with some of the more the facts the case but good lloyd blankfein in fact could you call i blankfein as a witness as part of your case it sounds like he's an expert witness and fraudulent double dealing and maybe make an excellent witness but it was exactly the same the
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game that the cleaning do you say some years ago they're getting the same gate and same game here you know now they have the formula north. going to united states you know two thousand and eight and now they're doing exactly the same here so. if black fan will be called here in greece but not me but out that model just for goldman sachs or other investment banks you want these game this is a decision of the persuaders not our decision i think they are. in the air well the elements. to cold and here are at least stool i circle some simple questions anytime you're talking about these european markets of course germany's name comes up because there are a main focus point on all the bond dealings in europe and of course in germany the biggest bank is going to bank so. is it possible that they also are complicit in the racketeering the financial terrorism the financial sas the nations
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that you see plaguing your country of greece. look a bunch of bank giving here in greece it is one of the prime deal they're sort of the greek government bonus market it is like goldman sachs sort realit prime to those. working in these markets from so many years but believe me people are speaking about the losses of growth the bank will suffer if greece will default about noumena first interest in germany today it is a big field that's way in the last month you will hear the local still own voices distinctly greek government to. clear default. would be full declaration official a full declaration because the limits are very important but europe is getting cheaper gas thought to be a strong forty five one forty eight and two with the your bad price list chairman's cannot export question the logic you want to call me people use it fifty
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percent exporting g.d.p. fifty percent exporting economy for them with a euro at two hundred thirty eight it is very very difficult to compete to the world market soley preferred because of the lower priced euro to be competitive against germany so sad as it said that our sole source then they interscope it call for quick call ups it's much higher than the losses of boats or bank either as your mum banks will suffer if deferred were really happening very quickly markets yes so looking at the cast. characters do you see these folks banding together with a blind fine targeting spain possibly next as a way to talk down the hero to help germany things that. are that i'm a going to push the same interest with the germans i think that in this moment. let's say if i don't show the world between. europe in this world and this
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financial world we're close to the first floor and so on it's very much a better some erica so they play two different games and the question is that in this moment the problem in greece is of a piece the greek country is not play any game today and i slowed my career here we're just following the games rather playing. meet. my opinion regarding the strong euro it is that is not depending call other factors and could never change in the next short period because there is a problem is that i'm any kind of caught i mean to be sick is a very very huge financial programs and even if european countries will cost again your guess that it will be more long term got sort of sold it never gets a ok dr price thanks so much for being on the kaiser report thank you very much mike speier and that's going to do it for this edition of the kaiser report with me
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