to. see. at seven thirty pm moscow time these are the headlines. nato's implementation of the resolution on they'd be on their minds and u.s. authorities and international law just as foreign minister calls on the alliance to stick to the original document or lose moscow struck. a major breakthrough in the on the printed cost cases the recently arrested chechen fears that it is officially charged with the journalist murder. and russia bans imports of press stress levels from the e.u. due to the deadly outbreak of the

a cold my back three months you're up next is the car's a report here on our team. for the. we've gone to. the biggest issues get the human voice face to face with the news makers t. b. max kaiser this is the kaiser report on this show we're trying to instigate as well as follow the global insurrection against banker occupation two countries are

moving up the scale of outrage from indifference the key word this week is indignation not quite outrage and decapitation but we're getting there stacey tell me more next no wonder you're the leader of this global insurrection against banker occupation because nobody does that indignity to deface better than you i am the king of self-righteous indignation let's see the face of the special occasions they just tend to like those lives especially occasions only the people of greece of moved you see from a difference there somebody is going to go over them in spain of course now they're saying but asking themselves why why why are we letting the global bankers do the d s k on us. well you know some might have thought it was hyperbole to call it banker occupation but check out this first headline next greece shocking new

bailout conditions mean the end of national sovereignty yes apparently the big news from greece this week that is in order for the country to qualify for future bailouts they are going to actually have to hand over to outside authorities the function of collecting taxes. well as we've been saying. from the beginning the objective of the outside forces that being the i.m.f. which is controlled by the us which is controlled by wall street is to simply grab all of greece's assets for pennies on the dollar and to an extent it's our country and curious and that they should forego their sovereignty and their independence now they're just one more ride on disneyland congratulations grace you are now in significant their entire five thousand year history just got flushed down the toilet well those leading the charge include bankers and politicians from the

netherlands and other also the germans so it takes me to this next headline the feds secret giveaway to european banks and as reuters says file under things you never knew the fed did during the financial crisis an eighty billion dollar loan scheme known as st elmo which was so obscure that even barney frank had no idea it existed when he required the fed to turn over its lending data and the dodd frank bill so it turns out that the fed was making loans extremely cheap loans of as little as point zero one percent. when at the fed's main bank window they were charging point five percent but most of these loans went to credit suisse forty five billion dollars and the bank which is now being bailed out on the backs of the greeks but the fact is that these banks who are now occupying greece would not even be alive if it were not for the rearming in the re you know the region

giving of ammunition of weapons to these banks by the u.s. taxpayer who is backing the fed ultimately that's right the money comes from the u.s. taxpayer yeah that's right so the u.s. taxpayer by the way fifteen million unemployed they can't i see that america go to hospitals they don't but the price of medicines are so high they're substituting like penicillin substituting with cheddar cheese you go for a blood transfusion and they stick marshmallow sauce they don't have enough money to give you added medicines to support this global scam that's why people around the world are rising rising up but the other point here is that ok we're being told that the whole financial system is going to collapse if we don't bail out the way to the bank by forcing the greeks to hand over the rest of their children's and their futures and all of this stuff but why doesn't the fed just open up this s. t. almost the same omo window at point zero one percent loan to greece at that rate

why why just for deutsche bank and credit suisse and soc gen and b.m.p. peri about why only those banks because as we've explained it these are the new jim crow laws it's a form of discrimination if you're greek you're the equivalent of being black in america before the civil rights movements you have to sit at the end back of the bus if you're greek in this environment you're treated like a second class citizen as jim crow laws financial jim crow laws using interest rates but i also think that this tarp will be known in the future as the smoot hawley tariff of this great depression you know many say that the some holy terror of which was a huge tariff that america placed on. imported goods. in order to deal with the great depression in fact it caused a deep spiral it caused the crisis to get worse and i think you'll see that all these bank bailouts has become a matter of principle but they no matter what have to bail out these banks and we see despite the evidence quite the death spirals the death spirals the rising up of

people around the world they just refuse to back down from this losing bet but not bail out of the roots of money that's paying the ransom and according to the propaganda coming out of the pentagon they don't. strengthen the banks every single day so we're talking about banker occupation and again you know here's some more proof that the bankers are occupying us from the the entire infrastructure of our economies and our political systems accusations of treason in the greek parliament so minister mr caminos stood up and alleged that the prime minister george pop and dre o. was guilty of treason and he said that members of the prime minister's team presided over the sale of one point three billion dollars worth of credit default swap contracts on or around december of two thousand and nine shortly after coming to power so those one point three billion in credit default swaps would now be

worth twenty seven billion euros which would miraculously pay off most of these debts or at least continue to allow greece to continue operating without needing to borrow money from the i.m.f. for the next two years but no apparently george pop and sold these one point three billion in credit default swaps that the. bank a public banking arm of the greek government that they own and they had bought for the in the previous few months they say he sold it to a group of friends for forty million dollars profit these group of greek oligarchs are now sitting on twenty seven billion dollars george propping. handed to him that's right it's a clear case of tyranny and treason that's why we say on the show there should be regime change in greece and that means regime change i don't i don't know how to sugarcoat it i mean you go down there to the assembly of the parliament or wherever this george papa drug you idiot is living and you pull him out and you get rid of

him because he committed treason in committed treason he committed tyranny so what are you going to do about you going to get drunk on his own like you do every other day or are you going to that's right you want to be part of this the land by well so these one point three billion dollars in credit default swaps which are insurance against the default of greece. ok he sold them to these private investors in december of two thousand and nine at the same time that he went to the i.m.f. and told them they were going to need one hundred ten billion euro bailout so he sold this to these people at the same time he knew that greece was about to default and those credit default swaps would be worth a whole lot more and in fact at the same time he was in the press saying people are naked short selling our sovereign debt and this is bad well but at the same time the central bank of greece quite curiously decided to change the legal settlement period for shorting government bonds from three days to ten days this had the u.s.

consul effect of aiding naked short sellers who were able to keep their positions against greek national debt open longer thus driving down the price of the country's bonds spiking it seals and pumping up the price of greek c.d.'s so popular it was involved in three distinct occasions during this whole period of financial terrorism is now resulting in the loss of greek sovereignty well it's a it's a pincer of movement it's a movement that would make its financial war that would make general patton happy he would be impressed with this he would think that this pincer movement he went at it from all sides and somebody he knows may twenty seven billion dollars well i mean as we were saying all along stacy the country of greece is not bankrupt the i.m.f. is bankrupt george barber dreyer's is bankrupt who knows what money he owes some casino or some drug lord somewhere. we're going to sell it for a country for a few quid it's twenty seven billion dollars and the people of greece are demanded

back the victims of bernie made off are able to go to the the people who benefited from his scheme and take their money back so why don't the people of greek say give us back that twenty seven billion dollars that was sold to you fraudulently they are owed twenty seven billion dollars package areas knows where the money is just sounds like papa done. doesn't he's another one of these over you know fly by night dictators comes in ransacked the country and sails off somewhere where there's crack whores of cocaine but it's not just europe that is occupied by banks there's it's also the united states headline reads max why a hedge fund comprised of junior congressional democrats should outperform the market by nine percent well according to a new study called abnormal returns from common stock investments of members of the u.s. house of representatives apparently congressman outperformed the market by nine percent because we know why well they're allowed to insider trading but they're beaten by

senators who outperform the market i told percent. and how they do that with insider information for example they use the case of those ruling that bill frist announced i think it was in two thousand and five when he said they they wouldn't be seeking a fine against these especially as companies well we knew because the market on these companies skyrocketed the week or two before and of course it was all the senators who have a decision to make power to make the authority to make the laws right and buzzy krongard was by nine eleven airline puts two weeks before nine eleven that's just in the record so the people in washington trade on insider information and that's clear in the record and nobody can come on the show and refute that actually the congressman outperform the market by six percent it's the democratic ones that outperform by nine percent republicans only outperformed by three percent democratic republican foreign backs the democrats i wonder who are in fact all surprised that they don't make more money i think the reason they're only being the

market by single digits is that probably most of the money they make a said in offshore accounts and off balance sheet accounts you don't even see it well speaking of offshore this is my final headline here max mysterious fawned allows congress to spend freely despite earmark ban so the defense bill that just passed the house of representatives includes a back door fund that lets individual members of congress funnel millions of dollars into projects of their choosing so the fungus called the mission force enhanced an transfer fund and roughly one billion dollars has been transferred out of this to congressman's local pet projects and kickbacks including from steve pull out so republican of mississippi tea party candidate and but it allows them this the secret slush fund allows them to pretend we're fiscal conservatives vote for us you people and your little patriot hats. they don't like to obey any of the laws so

they just create ways two of the. boy complying with any law but they need people to break the law to put them in prison because that's where the majority of their profits come from ultimately is running the prison go like complex so they running this double edged sword where they don't obey the law but they have to enforce the laws and everyone else to supply the prison industrial complex so they can make the money to get themselves reelected well i think it just goes back to the beginning of the episode as well that it's a global insurrection against banker occupation were occupied by bankers no matter where you look you see bankers all right stacy ever thanks so much for being on the guy's report thank you don't go away much more coming your way so stay right there .

real you believe in science and technology some of. the future coverage. welcome back to the kaiser a part time now to go to a doctor gonzalo lira other thirteen sick planning group gonzalo welcome back to the kaiser report it's a pleasure as always being on your show thank you for having me all right sometimes out of there a first class talk about europe greece and ireland are in that spiral thanks to the i.m.f. and e.c.b. imposed financial collapse and now looks like greece will have to allow outside agencies to start collecting their taxes your thoughts we've got so many problems

in europe that it's just that it ok as you said at the i.m.f. and the e.c.b. are talking about actually taking over of the sovereign responsibility of greece starting to collect taxes which is absurd now you have. just seen a garage is going to take over as the i.m.f. it seems like a lock the americans are going to support her christine legarde is not a disinterested economic player she not only was is she a close and longstanding friendship with the united states and american politicians to she is going to be bucking for the french presidency in two thousand and seventeen after anita lost are close use the term expires or second term expires and so she is going to be fulfilling her duties at the i.m.f. from a political perspective not from a purely economic perspective so she's going to do what dominique strauss kahn was doing and so many stars khan was not this wonderful dot basically he was just throwing money at a problem and doing bailout after bailout as opposed to the hard haircuts to have

to be made i mean we have to restructure these debts that's the only way that the european peripheral countries are going to be able to get out of this hole that they're in because the central planners are not restructuring and that's they're simply forcing more debt onto the bonfire of debt cities countries simply be fall no you know they shouldn't use default should we negotiate and cake her concent and do what you normally do in a sensible. old debt restructuring situation i mean if you have a creditor who recognizes that the money that they are owed is not going to be paid back and sold but the smart thing is for the creditor to sit down at the negotiating table and restructure these debts but not to push the debt sure to the wall to just salt i mean what's the point of that doesn't help anybody and hurts everybody now but who is going to negotiate on behalf of greece grouses in with the neoliberal banking side third they got no government representation they've got nobody at the table representing the the people of greece so they're just being sold down the river and what happens is the assets are being transferred to these

bankers for pennies on the dollar so that's their intention all along so they'll get to go say for them this is just in fault or regime change what about a regime change now a lot of america during some of the situation the people rose up and they could comes up through the greek people could pop or trace on the carpet the greeks are going to default if the greeks should kick them to the curb and so should the irish as a matter of fact i mean if we're going to start doing regime change we should just just start doing it across the european continent because all these people are in bed together and all of them are don't have the best interests of the people at heart they have the best interests of the banking system will shipman and the political establishment at heart that's the problem yeah so again the analogy with latin america obviously. and another lot american countries like argentina famously what well known there what happens when you've got the bankers and politicians coming together to create a fusion of interests of the club to kratz and they literally just run away with

any of the money that's left so why doesn't why don't the greek people understand that they are on the verge of having their entire wealth confiscated from them by christine legarde and the other crap kratz who are circling like vultures whether they've got a strap on or not they're going to be down there doing damage well actually i think that the. people do recognizes i mean yesterday there was a protest of about one hundred thousand people and there have been you know it protested spain and i would guess that there was going to start being protests and in ireland as well people recognize that they're being screwed by their own leadership and i think that that's the problem you have a leadership a european leadership that is completely disconnected from the people there is the leadership class in europe that wants european integration but you have the great mass of people who do not want it and so you have this situation where you just discontinuity between the leadership class and the and the people and it's going to

continue and it's going to get worse all right not from the word integration there so let's talk about that for a second in other words what the folks in europe the bankers in europe want they want to be able to administer all of the european countries from a central central bank because that's been missing so far they are in the euro project they don't really have the ability to on the fiscal side of things collect taxes on behalf of the e.c.b. are a some kind of central bank so presumably this is the beginning of the bureaucrats in europe creating some kind of a european wide taxing authority so you have two issues you have on the one hand the e f s f the european financial stability facility which is the european wide mechanism to issue bonds and that has been trying to take over the blog admitting mechanism of the peripheral countries and on the other hand now it seems as if the e.c.b. or the european finance ministry is trying to take over the ability of the of the

individual nations to collect taxes in their own country so yeah you have this centralization the issue becomes of course whether the people of these countries will stand still for this my bet is they will not and my bet is that the peripheral countries will be the first to bold and it would seem reasonable that greece would be the first because it's the weakest and if it goes back to the drachma or creates the new drachma if you will and. instantly devaluates the drucker you know twenty percent of the first day and maybe say sixty to seventy five percent in the first five weeks what would happen of course would be what happened to iceland which is they suffered short term pain but over the next year or two they recovered and i think that that would become the poster child for greece exiting the euro and if reese exits the euro i think that other countries i'm looking at you ireland portugal spain they're going to start to think themselves hey you know if the greeks did it and it wasn't so bad why don't we do it and i think that's what's going to happen i thought i think comments on their own head that com. was attached

to with their eye on this great saga and one of the commenters said that well why doesn't greece just let all these outside interests buy all of their assets for a calf and then re nationalize them so. i think that well it could happen i mean you know in argentina they do that every other week and to tell you the truth i don't think that greece is going to be in the euro zone very long i think that's the bottom line issue and i think that every bet from a financial standpoint should be greeks are going to exit the euro zone that's the only solution to this problem and whoever is the new i.m.f. head you know it doesn't really matter because they're going to continue with the same medicine which is bailing out and kicking the can down the road but at the end of the day you're going to have to pay this bill and this bill is going going to come to you one way or the other it is two hundred twenty seven billion dollars and the greeks do not have that money somebody said oh well maybe they could

nationalize all the greek gold was a quick gold in total is about one hundred twelve tons so you're talking about five billion dollars you know add up you know all the other assets they could possibly liquidate and you're talking maybe thirty billion dollars total tops thirty billion dollars against two hundred twenty seven billion dollars it's a that's still you know about ten percent that that doesn't. anybody better so i think at the end of the day either they would negotiate and if they are unwilling to renegotiate as it is seeming increasingly clear especially because it seems like guard was one of the people who was instrumental in in the vessel to be a court keeping the the the lower capitalization of the banks in place she doesn't want to renegotiate because she recognizes that if they renegotiate and the banks take a hit the banks will be insolvent and she's like allow that for the french banking system alone the german banking system so they're going to play hardball with the

greeks and that is just going to push them further off the cliff and eventually they're going to just quit the euro and it is going to be worse for the european financial system if that happens because then potentially the greeks would simply repudiate all the debt or worse or which is the same which is convert all that debt into new drachmas and then instantly devalue drachmas the french and the german finance show an economic and political interest have to sit down with the greeks with the irish and with the spaniards and they have to renegotiate you have to renegotiate now while they still can because later when the first of these countries exits the euro and they're at their world does not end you know the other countries are going to get the idea that hey why don't we leave the euro and they're going to exit the euro and it's going to be worse for the french and german banks and it will precipitate a crisis which will be worse than the two thousand and eight crisis so gonzalo lera as part of the fourteenth of planning group you advise clients on the state of

prices to live for economic freedom as well as for environmental and political safety i guess for those who live in america there is such a thing as called environmental rest i know it's not recognized by your media there but it's actually real now what about europe based on what you are see happening now is it safe to stay in europe you know know you. no not not from a financial point of view i think that everybody is going to take a big hit in the near term future i mean i'm talking about the next twelve months on the outside because of this euro zone mess that we're having i think that the currency of choice would be to swiss franc i think that because there's going to be a flight to safety especially as the first of the weak euro zone countries leaves the euro and i think that from a financial perspective the europeans are going to panic and they're start if they're going to start taking the screws in order to save their situation and i think that that's going to accelerate

a flight to safety ok now you're noted to be in the camp of the hyper inflation yeah now that's deluded souls yes that's me. i know i did not say that but i'm going to you know. i think we're on the same page there but what about the u.s. dollar in this scenario that's an interesting question i think that yeah if there's a flight from the euro i think inevitably there is going to be a lot of sight to the treasury bonds and the u.s. dollar and i think that potentially that could be a good thing a little bit of just voting the day of reckoning in so far as the dollar's concerned but as the saying says that postponing the day of reckoning doesn't mean that you're ending the day at reckoning it's going to be coming the same i think that as q e two ends now. and the economic indicators do not improve as they will not improve as they have not improved after six hundred billion dollars worth of money printing over the last eight months but there's going to be

a return to more treasury purchases by the federal reserve because the problem with the u.s. deficit is the treasury department does not have enough buyers for all this debt that it's issuing i mean there simply aren't enough buyers and every other major buyer china japan and europe they're all exit ing treasuries for different reasons i mean the europeans because they have problems of their own japanese because they have problems of their own the chinese because they're very afraid of staller and treasury bonds so there aren't enough buyers for the issuance that the treasury has on deck which is over the next twelve months i think it's something like one point five trillion or something like that it's a really matter i mean a hundred billion here or there it doesn't really matter it's over a trillion and a half dollars all right hands out on their own personal i am in jim rogers camp i would take the euro over the dollar but we can talk about that on another time thanks again for being once again on the kaiser report it's a pleasure as always thank you for having me all right not going to do it for this

edition of the kaiser report with me nice guys or as they say harvard and i thank my gascan zollo they're up i want to send me an email please there's now at kaiser report on r t t v are you until next time this is max kaiser thing by. hungry for the food we've got. the biggest issues get a human voice ceased to face with the news makers. from. home.