tv [untitled] June 6, 2011 5:00pm-5:30pm PDT
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some of the world's largest banks accused of being some of america's biggest slumlords so the foreclosure crisis goes from bad to worse in areas of the last and banks are accused of skirting their duties is the growing great american divide between the haves and the have nots. as mainstream media focuses on dominique strauss kahn sexual assault charges and we're looking toward the future of the i am about as countries call for an end to the legacy of european leadership. charles maybe a symbol of america's under cleared wars overseas with the capability for the u.s. to kill and spy on people with a remote push of
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a button but are americans becoming the next victims of this virtual reality. anything it's monday june sixth eight pm here in washington d.c. i'm lauren lyster and you're watching r.t. now where is the united states heading it's a question many are asking but the answer depends really on who you ask and if you look at a recent rasmussen poll it shows a pretty large divide sixty one percent of the political class voters believe the country is headed in the right direction compare that to seventy eight percent of mainstream voters who disagree and if you want to see an example of what mainstream voters may be experiencing that political you are not i want to take you to los angeles now this is where tenants are living in squalor and one of the world's largest banks is being accused of being their slum lord it's a german banking giant deutsche bank and artie's among glinda shows us how it's
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just one part of a nationwide crisis. roach infested ations cracks in the walls mold growth mounds of trash these are just some of the deep horrible conditions that low income families in los angeles are dealing with. at night i have bugs crawling on my arms and on my face and the mice make noise at night and make me lose a lot of sleep and they keep painful you cross a garcia is angry over the slum conditions that she and other renters have to endure as a result of the ongoing foreclosure crisis empty houses have become a sanctuary for squatters and drug dealers foreclose apartment buildings have thought all into disrepair as the owners ignore their tenants needs many of those owners the world's biggest banks are coming in here in tears saying this is a nightmare with a cat's name. it's affecting their work from l.a. to milwaukee to cleveland cities across america are having
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a tough time getting banks to maintain foreclosed properties one of the biggest culprits maybe. a recent congressional report on the financial crisis put germany's leading bank among the top four banks contributing to america's mortgage mess deutsche bank has foreclosed on thousands of properties in los angeles and now the city is suing demanded a bank step up and be a landlord we visited several of the torture foreclosure properties but tenants were fearful of talking on camera or showing us their apartments. this window has been boarded up as local delinquents have wreaked havoc on this building over the last several months it was foreclosed on by george bank the notice of eviction is still on the window now this is one of hundreds of buildings which has been foreclosed on over the last several years by deutsche bank which is obviously still in ruins now there is still one tenant living in this rundown building but he
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karoli on the banks if it's anything but a situation that would likely not be tolerated back home in germany this is not germany however and the bank has passed on the blame claiming they are only a trustee on the mortgage an excuse that does not sit well communities seen their american dream shattered especially after deutsche of bank reported three billion dollars in profit just for the first three months of this year and now you've got these big banks that are selling our securities to god knows where and nobody cares about the people at the other end ryan bell is a pastor in a community organizer he sees the collapse of the city's neighborhoods on a daily basis he believes the foreclosure crisis and the inability to keep banks accountable amounts to be trailed the average working american since the height of just inhumanity living your. country with their nice homes with swimming pool and
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i'm getting bit by bit. under pressure from u.s. cities georgia bank has begun to repair some of their properties but without much of who we are now in german efficiency but with so many homes too at risk of foreclosure it may be too little too slowly too late. a los angeles. archie now for more on this topic joining us from our l.a. studio is george hemmings or he is founder of survive and thrive t.v. george thanks for being with us so you know in this situation you see just average americans that are struggling that are trying to get repairs done for the apartment that they're renting meanwhile these are foreclosed places that deutsche bank owns that they say hey it's not our responsibility is this kind of a sign of a growing divide this isn't republican versus democrat the way that the debate is usually framed in the united states but it is becoming more about have versus have not well it's economic collapse. that we thought we were in
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a recovery what we're actually entering is the second great depression and these are this is just one example of one of the effects upon the american people is the banks taking foreign banks taking large percentages of property ownership away from americans and now being totally irresponsible with the living conditions of america i mean i compare it to letting the gates open and letting the pirates come in and rape and pillage the the american people so that you know you touched upon having a foreign bank coming in and doing that then other foreign countries have been named by analysts as coming into the united states and being slumlords more broadly because workers are cheaper here than in europe because they are not unionized like they are in europe how do you feel that foreign companies and foreign banks are coming in in and doing this and i do you agree that they're essentially
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a slum lords. well yeah i mean. entire classes of banks are becoming slumlords the system just isn't working we had too much liquidity pumped into the system and it all went into real estate and i think the bigger story here isn't just the fact that banks are taking advantage or they're slow to act in repairing properties and allowing americans to live in substandard third world conditions it's more that americans that own property right now or that have just bought property could experience declines of their wealth i mean we're seeing a decade of losses in real estate i think we're down from the peak all the way to two thousand i mean it's a it's ridiculous in the in the entire growth in real estate as far as wealth was concerned was just a mirage and it was entirely put on by the federal reserve and now you're seeing
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all the miss or consequences of all those all those actions well it looks like there's going to be more consequence as you mentioned that we thought housing prices to two thousand to level the comments are saying it's a double that and twenty eight percent of us homeowners are still underwater on their mortgages so that would indicate that more foreclosures are to come but there are areas of the united states that are doing quite well i want to point out george where ten million dollar mansion they're selling and where right here in this area the washington d.c. area are four of the top ten richest counties in the nation i have a number that i want to throw up there just they can get a sense of these counties and the kind of household income that is the median income and they're all in the d.c. area also in the d.c. area unemployment is five point seven percent far below the national average. numbers that came out with the home price index that showed nineteen out of twenty cities saw a decline that one city did not was washington d.c. what does that say about this area is washington d.c.
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where i'm sitting the capital of the haves and does that make you feel like your government out of touch with reality. well washington d.c. is the new royalty in america you are a masters and we are the slaves to serve you through taxes obedience and following your regulations and when things start to go a little bit more bad in washington d.c. what they'll do is they'll turn on the screws even harder to the american american people so we're seeing things like five hundred dollars fees here if you cross a white line for a red light ticket they're instituting traffic cameras everywhere the whole goal is you as i mean as i mean american people outside of washington d.c. are not providing enough income to our masters so you know i don't know what the end result will be but maybe there will be a night where americans get fed up with this and will be storming the dates of washington d.c. with pitchforks and do you think that that's really where this will lead and do you
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think that's the answer i mean what do you think would lead them to change and leave that gap to the bridge to. well you're seeing that all over the world you're seeing it in spain where they have twenty percent unemployment and god knows what type of employment for teenagers and people in their twenty's and you're seeing revolution throughout the middle east i think america has a few more years to maybe get to that point but right now what you're seeing is a slow believe for the american family you're seeing people that have had two incomes now they're surviving on one income they had a mortgage they lost that to foreclosure they had two cars down to one car so right now the squeeze is on the the slow bleed and americans are just trying to they're trying to get food stamps we don't have. because it's forty million plus americans are on food stamps so right now americans are just turning to anything from psychotropic medications to food stamps i mean we're literally grasping at straws and i think that's why the data is coming in wolf that finally americans are
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understanding the majority of americans are understanding that this is not the recession that they've experienced in the past this is the second great depression i am when you look at the unemployment numbers and employment in this recession compared to others that's just so much larger than any of us with experience world war two but that isn't a discussion i really want to thank you george having to founder of survive and for i.t.v. for bringing us your analysis on this you are not angeles. now in the mainstream media is focusing on. appearance today and hatton that of course is the former head of the international monetary fund he was there to put in an innocence plea in the sexual assault charges how to deal with a hotel maid that a little while ago now we're more concerned with what is going to happen with the leadership of the i.m.f. many including the largest herding economies argue that the downfall of d s k should be the end of the legacy of european leaders at the bank an r.t.s. arena kalu show has more on that story. it's a change they don't believe in with the former directors on an extra scan out of
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the financial picture there concision is looking for a civil replacement and mother current financial situation in europe mesa just a new approach is needed to solve the problems by looks of it will go in the other direction the weight of tradition and also the fact that there has been a longstanding deal between the united states and europe the u.s. will have the world bank and europe has the fund i'm sure the europeans would convince or leaving thinkers on the matter that at this juncture you still need someone familiar with the problems of the runner up is the french finance minister christine lagarde and while europeans heal her is one of the strongest economists in the euro zone some remain skeptical about her progress and christine lagarde comes the next. i think the short run i want. more of the same as long as they can sustain so obvious you know greece may be
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a. default. perhaps even leaving europe so they may not be able to meet. the train just for them to continue to try greece's debt is one of the heights mean unfortunately aren't too far ahead and so to find something very similar situation. worse i ask you why must there be even the i.m.f. and what happened to promises of fresh faces some at first seem to have their families i think better if christina get the job i think it will be a betrayal of the i.m.f. . if you remember dominic strauss only a few months ago had said that there should be a change in the global order specially since india and china over the last four years have been the world's largest economies and it's india and china that have.
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the world out of the economic slump that it has been in the last few years one of the world's most powerful organizations the international monetary fund has the power not only to receive countries but to plunge them into despair take russia for example some say they're going to play a crucial role in bringing about the default of one thousand nine hundred eight which left thousands of people can loose and desperate i remember when the soviet union broke up and and the rest of the g seven prescribed economic advice to the new russia i did it was completely disastrous this complete third of the russian economy at the time completely destroyed russia in several ways and i think that's what the i.m.f. has done to several other economies building our greece and as you know. italy and spain are also on the cards six scandals broken pledges deep in debt as europe attempts to untangle itself from its fiscal chaos it seems clear that
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a new approach is vital to stay afloat but the international monetary fund seems to focus more on keeping rising economists out of the picture than on solving many problems now faces. and joining me now to talk more about the i.m.f. after d.s. k. is raj joshi he is founder and president as many capital incorporated thank you so much for being with us raj now it isn't just of course it isn't just brics countries that are arguing that the next i am leader should not come from europe as tradition has always had it you have the economists saying an emerging economy leader should take over if they're on the editorial page of the washington post so why do you think mainstream western analysts are calling for that is it really about wanting a greater role for these emerging economies or is it about something else. well look i would have to agree first and foremost with some of your previous guests in the segment and what all this amounts to is this you know the u.s.
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is a failed economy the eurozone has failed and the brics nations have been realizing for quite some time now they're failing anglo american british and other euro interests or at the most support on this global a dictatorship that is extremely consequential implications and the entire international financial system you know then why should they be continuing to prop up the global recovery because if you go to the very bare bones of the global economy the brits are the backbone you know they're the true engine for a production you can growth and long term growth potential and at the same time here you very lazing that you have the same guns the international mafia fund you know getting to do all of the third world looting and the brits have absolutely zero say state or share in any of this because that's exactly what the i.m.f. is one big loading station you know why the remote they continue to participate in this organization is beyond me ok then i want to point out there's a lot i want to touch on and that is something i want to ask you know brits are
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rallying for greater role but why bother i mean right now you know a third of the euro zone's bailout they're provided by the i.m.f. bigger isn't really a hotbed. of economic distress with greece with portugal with spain europe and the united states are the largest participants in the fund as far as the money they get so why do the brics need to really you know ratchet up their roll my app it was something else be a better way to go. well that's that's a good point you know for the brits only have fourteen to fifteen percent of the voting or opinion share in the i.m.f. but i think in the short run i think you may realize that some of their success some of their economic growth does to at least a degree hinge upon you know western western interests because as we know there are some of the largest creditor nations in the world which is why i think you know i found it interesting how last month you have indian prime minister one of the one seen come out and say dad you know the i.m.f.
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needs serious reforms we need bretton woods reforms of brics nations deserve a stronger say or stake in what happens and it almost immediately a day after probably got a call from geithner or someone he backtracked on his previous statement and said that you know transitions like this take time and we can basically expect the status quo going forward going back to your question yes i think a bench will be it's in their best interest to compute to completely break the chains but i'll focus their situation and perhaps start their own i.m.f. type fund which better serves their interests but i think in the short run i think they simply can't do it things are just too fragile they're ok and right now in the short run you have france's foreign minister as the front runner to take over the i.m.f. christine lagarde. you have people saying that it shouldn't be her i mean do you think that people are basically concerned that she's going to throw a bunch of money at the euro zone i mean already like i said i'm after vides a third of the euro zone's bailout and that's a really those countries that are in distress right now. yes absolutely i mean
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that's exactly what's going to happen unfortunately and i know you have the governor of the bank going to he go former deputy managing director augustine carson's as sort of this emerging market candidate but it's clear that he will also be simply acting for the same euro and anglo american interests i mean i would have you seen this guy have you can even last one day you know do in a rural village and you know are they you know the province in eastern china is supposed to be a representative of poverty to a defamer district in. famine stricken nations really quickly roggio really quickly roger we're almost out of time but i just really want to ask you this you know one of the things that some europeans have argued is that only a european leader of i and that can understand the current crisis going on in europe right now i'm wondering if you see a double standard here because for decades the i.m.f. led by westerners have been for scribing policies our country is that they don't particularly know anything about our stance south america asia eastern europe.
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that i mean absolutely and this is so that's the point that i brought up with. the governor of carstens as you know is what you also have going on is tim geithner openly supporting the guard and it looks like the u.s. is ready to cut a deal with the euro will give you look start look gart you let us keep on to that deputy managing director number two position it's going to be vacated or that's the . term ends in august so they want to hang on to that number two position so i think that's exactly what you'll see you'll see a. european in a little guard at the helm and you'll see another american at the number two spot which means you can expect the same shenanigans on the part of the i.m.f. going forward and that's just as history as surveyor pain has always held that position and you think it's a bit more of the same that was raj as she founder and president of the capital thanks for being on the show. now drones in many ways have become the symbol of america's undisclosed wars killing civilians sparking protests in countries such as pakistan and in that country they've increased at
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a quick clip compared to past years at least one hundred eighteen strikes happened last year compared to fifty or so in two thousand and nine according to media reports and of course we don't have finite numbers because the government doesn't release a lot about its drone program now drones are also growing as a business for defense contractors as they come out with smaller cheaper versions as the pentagon also increases its investment in this kind of technology and right here in the u.s. many of the expansion of spy drones and u.s. airspace means that the fear of u.s. drones is coming home but our team is going into it you can tell us why. so they all are when the u.s. drones get the house of this young man in pakistan he lost an eye both legs are three family members of the job these people are demanding the cia be held responsible for the deaths of their loved ones but to no avail with the use of drones comes a lack of accountability those are being operated by somebody at a command center in langley virginia they're watching it on videotape on
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a video screen they're pressing a button they're deciding who lives and who dies and then they go off for a weekend where they have barbecues in their suburban virginia in suburban maryland homes and who pays the price the people who are the victims of the attack is there accountability none whatsoever drones have become the symbol of america's undeclared wars wars just seem to have no state all the eagle boundaries we've opened up a new round of warfare a new realm of breaking reaching international and domestic law. using pakistan yemen and elsewhere it have killed scores of civilians the former chief counterinsurgency strategy for the u.s. state department has estimated that drone attacks kill fifty non targeted persons for each intended target and one of the things the united states kind of crittenden is that we are morally superior we are better just able to judge what is good for other people and therefore we are entitled to inflict our judgement on them and
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that we presume they would be grateful to us for it but that is not what happens ever and it's not what's happening in yemen it's not what's happening in pakistan they are furiously enraged with us washington is looking to increase the funding for drone development by seven times the next ten years a large part of that will go to work on our surveillance drone if you act for years been using them in another of its undeclared wars against drug traffickers in mexico the mexican government allows us. biplanes despite public discontent there's a lot of concern but yours is joe's present u.s. government has more to do with u.s. control over the character very actually killing our troops drug lords and winning its drug war while issues of international law and sovereignty trigger little interest among americans the prospect of having surveillance drones flying all across the us itself surely do not us police agencies are asking for drones for
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domestic surveillance raising alarm among those who think that p.p.p. and american freedoms especially when you when you look at the cost usually activities like free speech activities are going to be hovering over crowds that are merely maybe protesting or protesting some are governmental act and they'll be killing free speech and your old will be equipped with some sort of weapon so learned some people say lasers will be able to punish those opponents who are advocating against the government they've already been used in some instances in the united states and in two thousand and seven protesters in washington d.c. no small objects floating overhead it looked like dragon turned out they were robo flies developed by the pentagon the surveillance devices as america continues developing this way station mentality killing any intelligence gathering in part is that the police in the years that it anytime they could become a target is someone said lee di dio game and many here in the us hear that with the rapid expansion of hydro and with their own territory they could one day raise you
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know you might think i'm going to shut down reporting from austin. and hannah talk more about drones in the u.s. and what this means for privacy of everybody you and i is radio host alex jones alex thanks so much for being with us now of course author of reports that drones are expected to be kind of this new relatively cheap surveillance tool for law enforcement in the u.s. from what i understand from reports there right now f.a.a. rules which which guide this and regulate this are pretty tight it's a little bit difficult to do but that by two. thousand and thirteen they're expected to be very much expanded and it will be very easy for police across the country to routinely fly lightweight drones and armed drones up to four hundred feet above the ground all over the u.s. is this a problem. well it is a problem and they're already doing it in texas florida you name it the local police are they just call it testing so as long as it's testing and research under
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five federal grants they do it there are drones the last six years all over houston drones above austin state police have a right here i live i've i've seen a police trunk fly above my house and a week later saw on the news that they had been testing it one night i got home late at night saw another small drone fly by at three in the morning from working late and a few weeks later indeed they were testing a drone but going back eight years ago they tethered over most u.s. cities at one hundred thousand feet giant homeland security blimps that are out of the sight of most people but with telescopes folks have picked them up they're unmanned with the solar power on the top the propeller driven and it's a lot cheaper than satellites and they're also using the cold war spy satellites that meddling now has to surveil the american people local police are getting access to that to harass farmers and people that build upon unauthorized in this once free nation but really this is a terminator style skynet ant but it's not
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a machine from the future running it it's the pentagon and mit and others in the seventy's wrote about by two thousand and twelve funny that they projected that they wanted to have almost the entire military system the tanks the soldiers all of it to be things like swards battle robots they've been using for six years at least in the eight year war in iraq and so this this takes the human element out for now it's humans piloting them like it's a video game killing people and it's ok to kill fifty innocent for every person they claim is a terrorist and sovereign nation so it's the global government skynet and that's why they're trying to convert the entire military over to drones and robots and even robot run aircrew. if yours were the robots we're going to robots are i shall like you i get a merit i get. because i want to it's ok now you have a lot to say i want to know you know you're talking about drone use in other
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countries as a weapon i want to talk a little bit about what privacy issues it brings up at home the use of spy drones for surveillance and i know there are cameras in many cities of the united states that monitor the streets chicago being a great example and many of the residents complain about that they say it's infringes on their privacy it's misused the cities will say you know if you're in public you don't have a right to expect privacy i'm guessing you would argue that the surveillance is out of line based on your beliefs in general is that fair to say. so that my question to you is is is this drone technology being used to surveil the country essentially the same thing or do you see this as raising different privacy issues. the united states seven years ago eight years ago was declared a war zone by the pentagon we have north com just like centcom south com africa corps afrikan all of this so yes it's officially a war zone the pentagon of the mit magazine three years ago bragged that this is
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a surveillance control grid net and they use google to track everybody and to be able to predict future trends and populations but it doesn't belong to the u.s. government u.s. military belongs to the private federal reserve j.p. morgan goldman sachs bank of america that it sees europe sees the united states it's a check not prosy the trilateral commission talks about that and ten years ago they said oh don't worry all these federally funded cameras there for traffic now they admit they're putting face scanning software in license plate reading passive m.r.i. brain scanners mobile t.s.a. trucks they're going to herd people through it claim well the computer shows are guilty you disappear of the gulag this is real tyranny came to russia and china in the past it's come to america the whole world's in danger we've been see this is a mayday situation the republic has been taken we are the resistance here in america are like on our i like i want to thank you farai.
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