i'm going to stand there educated here i found that out currently working on the ministry different ministries that and they have been controlling a lot i guess and i feel like that's our going to america so it's going to take people going back there and bring you what they now thank you so much longer ours award act and that is all the time we have i want to thank you so much for watching we will be back here at eight pm. next to them. but also on the order of two more. they're responsible not only for themselves. but also for their loved ones. they are ready to take any risk.

the streets. more news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. challenge corporation to rue de. luxe.

max keiser this is the kaiser report on this show we're trying to instigate as well as follow the global insurrection against banker occupation few 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 makes no wonder you're the leader of this global insurrection against banker occupation because nobody does that indignity did face better than you i am the king of self-righteous and the gracious let's see the face for us was like jesus days as a kid growing up as line of special occasions only the big pull of grease of moves

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 max 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 an exciting time our country of theories and that they should forego their sovereignty and their independence now they're just one more ride on disneyland congratulations grace you're now in significant your 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 fed's secret giveaway to european banks and as reuters says file under things you never knew the fed did during the financial crisis and eighty billion dollar loan scheme known as saint omo which was so obscure that even barney frank had no idea it existed when he required the fed to turn over its lending data in the dot 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 which a 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 re arming in the region you know the read giving of of ammunition of weapons to these banks by the u.s. taxpayer who is backing the fed ultimately destroy the money comes from u.s. taxpayer yeah that's right so the u.s. taxpayer by the way fifteen million unemployed they can't i see that in america and go to hospitals they don't but the price of medicines are so high they're substituting like penicillin or substituting with cheddar cheese you go for blood transfusion and they stick marshmallow fluff they don't have enough money to give you i don't medicines to support this global scale that's why people around the world are rising rising oh 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 forcing the greeks to hand over the rest of their children's and their futures and all of this stuff but why does the fed just open up this s. t. almost a saint omo window at point zero one percent loan to greece said that great white why just for deutsche bank and credit suisse and soc gen and b m p perry 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 if 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 this new holy tariff

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 that they no matter what have to bail out these banks and we see despite the evidence fight the death spirals the death spirals the rising up of people around the world they just refuse to back down from this losing bet and that bailouts of the roots of money paying a ransom and according to the propaganda coming out of the boats are gone they don't. tear a stretch of 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

a minister mr khamenei knows stood up and alleged that the prime minister george popping j.-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 allow greece to continue operating without needing to borrow money from the i.m.f. for the next two years but no apparently. sold these one point three billion in credit default swaps that the. bank of public banking arm of the greek government that they owned 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 that george papa. handed to him that's right it's a clear case of charity 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 gray is living and you pull him out and you get rid of them because he committed treason in committed treason he committed tyranny so what are you going to do about it 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 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 stern simple fact of aiding naked short sellers who were able to keep their positions against greek national debt over the longer thus driving down the price of the country's bonds spiking its heels and pumping up the price of greek c.d.'s so. 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 and he

went at it from all sides and somebody he knows made twenty seven billion dollars well i mean as we were saying all along stacy. country of greece is not bankrupt the i.m.f. is bankrupt george proper dreyfus is bankrupt who knows what money he owes some casino or some drug lord somewhere kind of drug habit he's got he's going to sell it for and 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 were 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 but they are owed twenty seven billion dollars proper joyous knows where the money is it sounds like papa doc 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 his cocaine but it's not just europe that is occupied by banks 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 they're allowed to insider trading that's right but they're be in by senators who outperformed the market by twelve percent. but how do they do that with insider information for example they use the case of the 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 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 krohn guard was by nine eleven airline puts two weeks before nine eleven that's news and so on the record so the people in washington trade on inside 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 outperformed by nine percent republicans only outperformed by three percent if the democratic republicans who are index the democrats are one 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 it 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 fund 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 enhancement 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 in your little patriot house. they don't like to obey any of the laws so they just create ways to of a. 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 a prison like complex so they are 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

geyser court thank you once don't go away much more coming your way so stay right there. download the official see how many cases you'll find so i called time from the i.q. sampson. jonty life on the go. video on demand. teens mind. races feet now in the palm of your. on the t. dot com. welcome back to the kaiser a part time now to go kill

a target and sallow lera other third cizik 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 all there a first class thought about europe race in ireland are in that spiral times to the i am happened 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 pathetic. as you said that the i.m.f. and the e.c.b. are talking about actually taking over of the sovereign responsibility of greece and starting to collect taxes which is absurd and you have. christine but raj is going to take over as the i.m.f. it seems like a lock and 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

she is going to be talking for the french presidency in two thousand and seventeen after only to last our close ease 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 the many stars khan was not this wonderful guy basically he was just throwing money at the problem and doing. bailout after bailout as opposed to the hard hair cuts that 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 so that they're in because the central planners are not restructuring and that they're simply foisting more debt onto the bonfire of debt cities countries simply fall no you know they shouldn't use default they should we negotiate and take her cuts and do what you normally do in a sensible 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 in seoul then the smart thing is for the creditor to sit down at the negotiating table and restructure these debts but not to question the debt or to the wall to default i mean what's the point of that doesn't help anybody and hurts everybody now who is going to negotiate on behalf of greece proper grouses in what the nail level banking side third they've got no government representation they've got nobody at the table representing the the people are great 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 we're going to go say for them they said just in fault or we seem to have thought about saying now a lot america during some of the situation the people rose up and they kicked the cons out so the greek people take proper dress of the car 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 bullshit and the political establishment at heart that's the problem yeah so again the analogy with latin america obviously there and i 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 pick. rats 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 clump of 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 greek people do recognize this i mean yesterday there was. a protest of about one hundred thousand people and there have been you know a protested spain and i would guess that there was going to start being protests in

in ireland as well people recognize that they're being screwed by their own leadership and i think 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 this discontinuity between the leadership class and the and the people and it's going to continue it's going to get worse all right imagine 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. or a some kind of central bank so presumably this is the beginning of the bureaucrats

in europe creating some kind of european why taxing authority so you have two issues you have on the one hand the e.f.-s. of the european financial stability facility which is the european wide mechanism to issue bonds and that has been trying to take over the bond admitting mechanism of the peripheral countries and on the other hand now it seems as if the e.c.v. or the european finance ministry is trying. to take over the ability of the and 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 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 drachma 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 greece exits the euro i think that other countries i'm looking at you ireland portugal spain they're going to start thinking i was a you know if the greeks did it and it wasn't so bad why don't we do it and i think that that's what's going to happen and i thought i think comment on zero had that calm. was attached to this their eye on this great saga and one of the commentors that that well why doesn't greece this not all these outside interests buy all of their assets for a calf and then re nationalize them. i think that well it could happen i mean you know and in argentina they do that every other weekend to tell you the truth i don't think that greece is going to be in the euro zone a 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 say missing 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 calling going to come to you one way or the other it is two hundred twenty seven billion dollars. years and the greeks cannot have that money somebody said oh well maybe they could nationalize all the greek gold was a quick call and 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 if that's a that's you know about ten percent that that doesn't make anybody better so i think at the end of the day they really go sheet 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 basle three accord of keeping the the. 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 not going to allow that for the french banking system alone the german banking system so they are 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 of the debt or worse or that which is the same which is convert all that debt into new drachmas and then instantly devalued the drama the french and the german financial and economic and political interests have to sit down with the greeks with the irish and with the spaniards and they have to

renegotiate they have to renegotiate now while they still can because later when the first of these countries exits the euro and there 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 there as part of the strategic planning group you advise clients on the safest places to live for economic freedom as well as for environmental and political safety again for those who live in america there is such a thing as called environmental rest and 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 you know no not not from a financial point of view i think that everybody's 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 dismissed sprague i think that because there's going to be a flight to safety especially as the first of the weak euro zone countries and huge the euro and i think that from a financial perspective the europeans are going to panic and they're start and they're going to start taking the screws in order to save their situation and i think that that's going to accelerate the flight to safety ok now you're noted to be in the camp of the hyperinflation yeah one of the deluded souls yes that's me delusional i know i did not say that but. 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 yeah if there's a flight from the euro i think inevitably there's going to be a lot of sight to the treasury bonds and the u.s.

dollar and i think that potentially could be a good thing a little bit of spending the day of reckoning in so far as the dollar's uncertain but as the saying says postponing the day of reckoning doesn't mean that you're ending the day of reckoning it's becoming the same i think that as huey two ends now. and the economic indicators did not improve as they will not improve as they have not improved after six hundred billion dollars worth of money printing 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 is there simply aren't enough buyers in 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 the dollar 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 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 and that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert all right thank my gascan salomé or are they going to send me an e-mail please so i prize a report and artsy t.v. are you until next time this is max guys are saying by. a telemarketer broadcasting live from washington d.c.

coming up today on the big picture. well the british.