tv [untitled] May 5, 2011 5:30pm-6:00pm EDT
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to go. i am max kaiser and welcome to the kaiser report you know j.p. morgan is so desperate to keep the price of silver down they feel frosted some of bin laden threw him into the ocean just it deflect attention from the fact that the silver prices rising up by j.p. morgan the stock price that's the key threshold once it gets to j.p. morgan stock price it's hello enron style collapse jamie diana down the street nothing yeah that's the way it is in the way actually world of global finance where america's animal spirits and last for the kill kill eight eight. as guy on the testosterone levels that the sperm banks are overflowing over there
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oh yeah get those dixie cups stationery well yeah for me. well max actually mention osama bin laden he should have listened to charlie munger because of course berkshire hathaway had a shareholder meeting last weekend monger buy gold if you think your country is going to kill you good idea charlie munger well this is a tacit approval and recognition of the fact that the relationship between gold and total countrywide malfeasance monger is putting no price on the fact that as the u.s. commits suicide price of gold to go higher 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 is exactly what gold is going on or they're committing euthanasia of america conducted by the old couple it's also following on bin laden
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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. 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 now of course bear markets are punctuated with short swift bear market rallies and bull markets are punctuated with short swift declines like we're seeing in summer so over made a quick ten percent move down now turn toward five hundred dollars made
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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 so over 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 vomit again because they don't want to compete anymore they just want a poll of people style noncompetitive economy run by psycho tax which puts america i just made it up it's a concatenation of schmuck and hieroglyphics just rewind the tape and play 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
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trading his lawyer said it is alarming that mr buffett would be advised to so completely flip flop and resort to transparent scapegoat mr sokol would have expected to be treated fairly that would have been in berkshire's interest but 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 e be no better than an s. and p. index fund and this is finally coming out of the end of his career it's a shame that he and charlie munger are his friends and are not going to end their career on a more positive note i like to see the video footage of charlie monger just like the gimp from that movie called function where comes out of florida leather head to toe suit and a king and then he performs i'm gonna lead x. of financial carnage in front of the war in the shareholders now that would be a video worth watching so well speaking of shady dealings let's move to the next
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headline max shady dealings health khadafi 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 to be asked to pay all these kickbacks the episode and others like it they official said reflect a libyan culture rife with corruption kickbacks strong arm tactics and political patronage since the united states reopen trade with colonel gadhafi his 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 in signing bonuses and
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consultancy contracts or insisted that the strongman sons get a piece of the action through shotgun partnerships gadhafi is inheriting the mantle from osama bin laden you know because american television is so it's so infused with commercials that they can't have the time to focus on two. bad guys that once they can only have one bad guy at a time this is gadhafi is a bad guy george they killed off. they threw him in the water after they defrosted him and this is now their focus going forward is the 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 coffee 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
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same situation in our own countries forget about gadhafi and golan and those guys are you know dead or are fake i guess i'm confused because i don't really separate gadhafi and the libyan what we know about libya 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 by their terrorist is now inside the white house whispering into all obama's i mean obama zero all day long so this is just 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 of greek debt fears so this comes from klaus regling the head of europe's rescue fund
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the european financial stability facility and he told the german newspaper that he believes that thanks are encouraging talk of a possible greek debt restructuring because they are hoping to earn large fees first of all terrance quick. host the contre t.v. agrees 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 well as we've been talking about on the show for months the greek debt situation is a plaything of the sea seeking 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 beggars to work and people in greece still think that there is some logic behind the financial right to their country they don't understand us just rapists so the quote from klaus re going is that he said in the one nine hundred eighty s. and one nine hundred ninety s. banks cash in very high fees for the restructuring of sovereign debt in latin
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america and asia they would like to do that again in europe and apparently. according to this article is also on board with this he believes that he's warning 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 they've thrown portugal they've attacked greece they're attacking all these countries just for stupid little fee and we've reported this over and over and over again five trillion dollars taken from the u.s. economy just for fifty billion dollars in 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 law mark one u.s. 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.
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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 that's that's that's what ultimately could stop the scandals they run out of synonyms fine slicing the insurance products that'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 they 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
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are underwater on their houses and they can't have be bothered so in a two pronged investigation the european commission said it will examine whether sixteen investment banks and market a r k i.t. the leading provider of credit default swap market information included or abused a dominant position to control financial information this is an update on google's propaganda model number of you tell a lie big enough people believe it in today's financial terrorism landscape which is a bit more going to 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 attraction 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 of all the sixteen banks involved in this alleged fraud they're investigating this potential fraud the sixteen banks
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who all 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. paradise 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 know paul stern. go to do a terrorist or defrosting with a home in the ocean all right thanks so much for being on the book guys or report thank you max don't go away much more coming your way. stay right there. if.
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prosper welcome to the kaiser report high marks are you not for bras you are suing not only j.p. morgan and goldman sachs but here 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 this is a low speed to get. people who are defined as a sort of in the fight is responsible for speech later responded to government goodwin to be a sham. this is truth against people but where and if the fight is officers to monitor so well for you investment back to the world to scramble the greek government crisis you could become the government big crisis about missing this big banks has function. call for c.b.s. . make it so so they're so freaked about government bones and they. can clearly
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they think others who could help them. build a great economy you know looking back at past scandals like. nick leeson and the barings bank collapse you know these but these brokers are always used kind of the same technique by hiding all the specular debts off the balance sheet in seoul and suddenly they're discovered in the 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 racketeers. go after this for for under racketeering law this is exactly as are said finance at icac this is an organized criminal plan. we're going to send to the full the group report on me in or good cool speculate on the c.b.s. would be shoot them to get government boards this sounds a lot like the sub prime crisis in america where banks like goldman sachs were
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willing to take a loss on the bonds because i made two or three times that amount on their current a fatwah quote unquote insurance products isn't like that is exactly what you say it is in the united states in the united states president two thousand and eight. vs cd or specious on. united states what is use the same thing happened here they should see this only big government boards who create the same crazy the same effect the same money placed on the market and there is the same results as for example of a united states lehman brothers were blocked off of out even here it's happening exactly the same with the greek well once markets collapse because of the c.d.'s issued going to create government boards yes were familiar now is how the hedge funds and the banks get together and they collude and name gauge and market manipulation and insider trading to collapse economies to collapse countries and on
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this front with greece you've got john paulson right he was in the country recently with goldman sachs colluding to collapse the economy correct and not to do some good just on your car for gold if you were secure with either fund managers together with goldman sachs in the with those include national speculators who work here or not first there when i spoke to collapse fair critique betterment bed together should be seen yes they're managing their trading day and obama's well the greek government because dr to cross my understanding is that the greek constitution says very clear. really is that in the case of cats out of bra did you have to pay those debts it causes hardship on the people that there is now an obligation to pay those debts as caught a five by the greek constitution these are stary measures therefore can are by definition hardship on the people and by definition constitutionally there's no
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obligation to pay these debts so why is the greek government so willing to break the law look prostitution is not speaking exactly about government goods but constitution speaking about public interest about the means what their various against greek citizens against greece greek wealth against the greek state oh god piers in constitutional and courses those are certain yes you don't believe that perry would out he's not speaking exactly about government bed but he's speaking about public interest that to me is a saying right now on your question on why government did differently because governments here in greece who are so many years more or less thirty years are slaves well the beds because. they made business alerts or with governments throughout the night in seventy four so they're doing what they were to them to do all they're going to decide about incest looking at your lawsuit you're not
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surprised it's a criminal lawsuit not a civil lawsuit so you get to name names correct us and this is a clueless shit so that means this is not a guess it's corporations because against physical person there's this monitor's ceo's trade or in any word including wealth in this coming this finance or scrum that is clearly to greek government debt crisis so in other words and find may trainer of derivatives h.s.b.c. barclays morgan j.p. morgan connected to the fragile and debts that are being applied toward greece mine . name as even a trainer a derivative trader could be in the suit yes and proceed to do with fine car you trade. what procedure you fail oh you sold this suit yes needs you know when you will when you say oh see this bunker you have the knowledge that it is nate you don't look make it you understand all of these particular circumstances
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created a crime so proceeded to who's in charge of this crime. the shoes your own crew will get a persons who will be x. it is possible or not yes and and the way you're going after this also right here year applying a 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 worked their way up the food chain toward the big copper to cop out like a lloyd blankfein or jamie diamond correct yes that proces tool keep the reservation or always be say going to jerusalem that would be the justice of his comrades but we're for them the love affair lemons their love for the local proof. that they have everything to proceed to make the names to stop calling people who'll cold and for them it would be easy to fry
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a plot out to the end where this movie's to circle well for it's a vicious circle of kratos ok so you mentioned proof what form does the proof take ok the forms of the proof very easy to understand for somebody who. has it or at least meant that enormous or whatever that might be it's unclear whether there's a criminal law here in greece for example. when you turn in international markets. but i'm dealer of the government once or the greek state in the same time you cannot say oh c.d.s. against the government balance if you do one game you cannot do also there poser. so we should say against the interest of your customers and your castle but in this moment is greek state because you are wealthy it's government balance where you say it. or if your classroom or go to school to greek state in the same moment you cannot say that your customer bankruptcy to some other person this sounds familiar
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. you know the congress in the united states is calling back 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 ahead of their customers and profiting from double dealing to their customers and gazing 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 some of the more the facts the case but could lloyd blankfein in fact did you call lloyd 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 actual witness but it was exactly the same good god game that explaining to us some years ago they're repeating the same gate and they're saying game here you know now we have a federal law and you nor i will go to the same gate going to united states you
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know two thousand pay and now they're doing exactly the same here so. if they will be called here in greece but not only hume you got out them out of this or goldman sachs or other investment banks you form this game this is a decision of the procedures not part of the susan i think may. well the immense. look here or at least to some simple questions anytime you're talking about these european bond 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 deutsche bank so. is it. cost of all that they also are complicit in the racketeering the financial terrorism the financial sas the nations that you see plaguing your country of greece. look those are bank giving here in greece it is one of the prime deal or so of the greek government bonds markets
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because like romans are sort of apparently there's. working in this microphone so many years but believe me people are speaking about the losses are a bank will suffer he for greece will default but believe me the first interest which i want to date because it be furled that's right in the last month there you will hear a lot both german words this distinctly greek government to. default admission would be full declaration official default equation because the limits are very important that euro. good consumer again start to day one forty five one forty eight and to the europe that crisis chairman's cannot export question your logic i want to quote only is it fifty percent exporting g.d.p. or fifty percent exporting or quantum it for them with a euro a tonne thirty eight is very very difficult to compete for the world market soley preferred to have
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a lower priced euro to be competitive against germany so strategists had a soul for then painted a silver create course to get close ups he smites fire down the losses the bank either has your mom banks will suffer even deferred will really care bearing witness michael yes now looking at this cast of characters do you see these folks banding together with a blankfein targeting spain possibly next as a way to talk down the hero to help germany i don't think that. that's true nor have i made any sense to scale the same interest with the germans i think that in this moment we're. let's say if i don't show the world between. europe in this world and this plane i'm so close to the first song so on it's chairman of that i was so mad about so we played two different games and the question is that in this moment the problem in greece is of at least great country it's not any game
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to get your nice coat my kit ok we're just going against rather plain. to me. my opinion regarding the strong euro it is that is not depending quote other factors and never change in the next short period. there is a problem is that i'm a kind of caught on this deeply sick is a very very huge financial problems and even if. it is will collapse again your guest will be more well known target for to shoulder but never to ok dr grass thanks so much for being on the kaiser report thank you very much max bye and that's going to do it for this edition of the kaiser report with me max keiser and stacy however i would like my gas doctor to brust if you want to send me an e-mail please do so at kaiser report at r t t v dot are you going to like tons of nice guys are saying but yeah i'll.
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