twenty years ago or just country. such was the. one. true. god the church. where did it take. seven thirty pm here in moscow these are the top stories on our greek parliament has taken the final step towards receiving crucial european ballots songs the government has voted on a detailed plan to implement the country's second wave of austerity measures has been met by public resistance with two days of rioting leaving more than three hundred people in turkey. you can't braces itself for mass destruction as hundreds of thousands of public sector workers prepare for trying to pour hours of

industrial action they're responding to plan changes to pay and hansen's thousands of teachers civil servants and border control officers say the plans mean more work for reduced. points to double standards at the u.n. over the organization's position on syria saying the crisis warrants a peaceful solution foreign minister sergei lavrov says the security council should not be calling for action on ignoring what he describes as a civil war and. that's all for me and he said now why more world news at the top of the hour with pets are silly up before that our financial pundit max kaiser told us how great communists have missed the mark in blaming capitalism for the country's financial woes. i mean max keiser this is the guys report of things you never knew about michael

bloomberg but first let's check in with stacey herbert stacey max you know we've been talking about suicide bankers around the world and they are out in full force this latest week but at the start of the week i want you to look at this image from outside of their crop elice when it was taken over by the communist party union in athens the people's house the power never surrender organize counter attack is to counterattack in athens joining the global insurrection against banker occupation over there in cairo they're well ahead of the curve and they're rejecting all i.m.f. world bank loans and all these protests are going to can join to become the global movement and by the way for you frickin so-called communists in athens you're not fighting against capitalism you're fighting against monarchs and oligarchs capitalism got nothing to do with your problem you something exactly actually the quote is we will strengthen our struggle with people from all over the world

against capitalist brutality in order for the brutal measures that bankrupt the people not to be applied so all our headlines are going to prove that they're wrong about that it is not capitalism it's rigged markets and that's not that's the opposite of capitalism first take a look at just look i'm going to look this is in regards to the oil release shocks markets ok this is the u.s. and i remember last week they released sixty million barrels of oil into the market to move is warning shot to opec they say exactly what was sort of warning shot is this japan to release three day or oil stockpile in line with a call was made of messages japan sending to opec you know japan imports form. million barrels of oil per day almost entirely from saudi arabia and the u.a.e. well before we have those suicide bombers in iraq we have the kamikaze way this is kamikaze thinking let's blow ourselves up let's blow up our only natural resource

that we're one hundred percent ataru dependent to show opec a message oh. that's like a scene from a fight club exactly but it's even worse it's like one of those suicide bombers that accidently blows themselves up like a hundred miles from the intended destination of their cell phone like going to how did you just know me good is a little bit. so nobody know it is their statement course they only find little remnants of japan all over the place in this case on so i mean i want to turn back to the headline from march fourteenth this is a few days after the fukushima disaster or oil settles higher japan made boost fuel imports because of course eleven percent of japan's energy needs come from nuclear energy fukushima's knocked off the line and they've had to turn to more oil imports so they're more reliant on oil imports now than ever before so the message that they're sending to opec is that hi will be back few days pay more for it then we

sold it to you at first so the context here is you know the fukushima disaster which took energy production offline they need more oil so to help the people that are now in blackouts who can find the on switch and their little hobbles in tokyo their country is going to antagonize the only source of energy they have and there's other concerns. so here we've proven that they're selling oil this is a kind of like a gordon brown move remember he announced to the market that he was going to sell half of britain's gold supply of course it guaranteed the lowest price possible this is exactly what japan and the u.s. and france and germany are doing their announcing to the market we're dumping all of this oil give us the lowest price possible especially since we're going to. buy it back at a later date now the other thing of course we knew that oil would fall seven percent now check out this headline max c f t c investigating a royal release leak oh yes max surprise surprise us commodity regulators are

examining whether traders received early word of a decision to coordinate a release of global oil stockpiles ahead of thursday's announcement by the oh good i'm going to talk about my bloomberg reveal now of course we know that they did get advance knowledge we've been talking about on this show the fact that those in washington in congress actually can trade on inside information if you believe it's legal to do so how they got that booked into the legal framework i've got to do a little bit more looking into it but inside information is completely legal this is by bloomberg revealed because the gloom service which is a terminal you pay a lot of money to get prices basically and you get to look at markets now there are different subscription rates of bloomberg you know if you pay more you get a look deeper into who's bidding and who's offering in the marketplace and if you pay even more you get spoon fed to you inside information from michael bloomberg

who is there the mayor of new york who's of course overseeing the new york fed who of course is involved goldman j.p. morgan and the federal reserve bank in washington dispensing inside information illegally bloomberg is involved in illegal conspiracy that's not conspiracy theory that's conspiracy fact it's all tied into bloomberg bloomberg being of course now running for president supposedly lining things up or is he getting that money oh i get it it's inside information which he will of course try to legalize to cover his butt at the end of the article there's a quote it's going to be awfully tough to identify the source of the leak in this case because of course it's always awfully difficult to prove insider trading twenty eight nations were involved so a whole lot of people knew this ahead of time well the see if you see in other regulators they don't have the money to pay for. subscription on bloomberg to show you who's trading on inside information but bankrupt purposely on purpose so that they can possibly prosecute the insider traders but also as leo mcgrath goodman proved earlier this week is most things are no longer illegal anyway they've been

unwound all the regulations against insider trading and trading on this sort of information is no longer illegal but you have to say gary gensler former goldman sachs guy he gives his blessing to outright market manipulation of fraud again to the people in athens you're not protesting against capitalism you're protesting against transgressions against capitalism by market manipulators and insider traders like gary gensler to see if you see michael bloomberg of bloomberg or of jamie diamond of j.p. morgan these are the new the new home to remember the hunter back in the seventy's a totally screwed up in a country where the troika is the new one would be the other thing about this oil dumped on to the markets is that obama now gets to claim that he's tough on speculators all those speculators driving up the cost of oil and gasoline well of course only speculators only these top guys these hedge funds these oil traders make money on the downside right contain go why the release of oil from the s.p.r. is a doomed idea by dumping sixty million barrels of oil on the market or saying they're

going to announcing a head of time the price of oil has fallen. today in the market today not in the future now traders are able to buy this oil cheap from the u.s. government from the japanese government from the south korean government france and germany they were able to buy it today at this ninety dollars price of w t i a hundred ten dollars price for brant they able to buy that and sell it back to them for six months and i myself wrote this idea that obama was tough on speculators being tough on speculators assume makes the assumption that somebody is losing money because they're being tossed on their criminal behavior that they have a risk there's some kind of penalty but in fact that's incorrect by simply telegraphing which direction oil's going from the obama white house to the oil market they were out able to make huge gargantuan profits once again which will

trickle back into the oil futures markets within six months time as oil burst past one hundred blows past one fifty us way to two hundred because you're just giving ammunition to the very people you say you're being tough again it's like for example you see a perfect example of this the u.s. selling guns to the mexican drug cartels and then saying we don't know what we're losing the war on drugs all the stroke open from mexico all stops all of them so many goods now speaking of market intervention there was at the end of april when we had all those march and hikes on silver oh you know who can forget well bill gross the manager of the world's largest bond fund tweeted last week that margin increases and so were basically an attempt to rig the market he said quote i eat a action yesterday continues policy maker efforts to cap bad inflation in parentheses silver margins excedrin nonetheless higher inflation ahead well bill gross is going off the reservation he's calling out the manipulators and the

corrupt regulators they're in the pocket of the markets he feels i believe that his fund big. bond fund in the world one of biggest funds in the world he's got the leverage and he loves to write about the inner workings of these markets now over there in business insider dot com joe wiesenthal at the same time he wrote a piece lauding ben bernanke for engineering a price drop in the price of oil of course but wiesenthal's a paper bug any attacked bill gross as being given to conspiracy theories so there's a bit of an interesting dynamic being set up here between bill gross and the people who support the status quo in the paper pushing paper book neo liberal psychopaths that drive down the road toward economic clintonism we're seeing in athens the return of the when they call themselves al the troika so joe wiesenthal is calling him a conspicuous silver conspiracy theorist but here's

a guy bill gross who accidentally admitted i believe was on c n b c but he received inside information from the fed he received information on interest rates that's right he let slip and i think that's part of his campaign to try to bring some balance to these markets i think is a vigilante for market justice so he let slip that he actually is in the in the loop with inside information from the new york fed in the federal reserve now he's talking about gary gensler so you have to see openly and corruptive lee rigging markets in this rate market capitals nightmare that's disenfranchising people all over europe all over america but to great job because we had it on our you tube look down below here people were screaming shrieking for that the fed won over prices are falling they're so powerful we are helpless people here but at the top of the show he said people have the power it's the people who have the power organizer counterattack and you will win silver coin sales booming perfectly meant so there were a lot of people shrinking terrified of ben bernanke you they look at him and they

see the wizard of oz before he's revealed they see a powerful all powerful. all knowing man and they're afraid of him others were out buying silver while prices were being smashed probably bill gross but the perth mint for example says that they sold ten point seven million ounces of silver since july first of last year this is sixty six percent increase over the previous year and the us mint sold three point six five million coins alone in may that's a thirty percent increase well you measure the wizard of oz of course the wizard of oz is an allegory about returning to the gold standard and dorothy's ruby slippers were originally silver slippers and if you play the wizard of oz on t.v. or video or d.v.d. and turn the sound all the way down and simultaneously play the entire full length version of dark side of the moon by pink floyd as the musical background you'll get friction ripped but again all of these market manipulations they they help the

people who are short because remember a pension funds your pensions your future can only really go long in the market so the government rigs the market on silver and oil they force it down because their guys are making money on the the drops and prices and most people don't understand that they think prices have to go up on various commodities and stocks for people to make money for speculators to make money here is more profitable than faith and that's the underlying functionality of current rate market capitalism and michael bloomberg we've got to wear a cross as we know what you're doing thanks for being on the kaiser report thank you max don't go away much more coming away so stay right there. hungry for the food we've got to. the biggest issues get the human voice face to face with the news makers.

i max kaiser welcome back to the kaiser report time now to go to acapulco talk with jeff berwick editor of dollar vigilante dot com welcome to the show jeff thank you very much max all right just growing as your website name suggests you are a dollar vigilante now the u.s. and the i.a.e.a. have just fired a sixty million barrel why you the oil are you scared is selling oil from the strategic petroleum reserve going to defeat inflation jeff it's pretty obvious that obama understands the oil market about as much as he understands the u.s.

debt markets this absolutely no effect and it's quite. puzzling why they would even do it there's obviously just one or two reasons why they would do one is for political gain which really makes no sense because why would they even bother like as i just mentioned this is such a small amount that it really won't have very much effect at all the only other reason that i could think of that he would even do this is there's some sort of an emergency like that's the reason you're supposed to actually release these oil reserves and who knows maybe there are lightning something to happen with iran there's any number of possible things that could happen at this point this is a desperate government and it's dying empire that so is in its death throes and it's liable to do anything at this point. describe to us what is a dollar vigilante i get into it and what what do you expect going forward just make more top level basically back in the one nine hundred eighty s.

as you know there used to be a bond vigilant days people like soros and those sort of people and and back then the reason there was bond vigilantes was they basically thought there was no way to control these governments who were inflating or going too far into debt and the only way that they could really control them was to sell their bonds so back then they recalled bond vigilantes well now we've got a completely different world where we live in a completely free at currency world and people like ben bernanke in the federal reserve are buying up all the bonds and that's what they've been doing in q.e. so there's really no way to fight the government now by selling bonds there's no point to it because they can print up as much money and buy all the bonds they want so the only way for regular people to protect themselves and to show displeasure with what these governments are doing is to sell dollars and buy real assets such as gold silver even energy oil things like that so that was the beginning of the dollar vigilante and how we started out hi jeff so you mentioned the eighty's and

this starting in the one nine hundred eighty s. and it's kind of mimicking what we used to call. bond vigilantes who would sell bonds as a way to offer some checks and balances against government overspending but then thanks to programs like quantitative easing where the government's coming in and buying government bonds they've effectively co-opted the bond vigilantes and i remember back in one nine hundred eighty seven after the crash of wall street the federal reserve the treasury department and ronald reagan and rubin and greenspan came together they form a working group on finance and they started to buy s. and p. futures contracts the next week and this was the first time or i should say not the first time but really the beginning of the. government the u.s. government having its own huge hedge fund type account you. move markets in directions that they claim are beneficial of course take us completely against the idea of free market capitalism it's the beginning of institutionalized the raid market capitalism it is part of the history of the past twenty twenty five years

that you are commenting upon is just part of a part of the last be here part of the idea absolutely there really is no way to protect yourselves noticed from what these governments are doing and as you said the completely out of control now this is not a free market system at all and what you were just referring to is the plunge protection team and and for some reason well i understand the reason the reason that the u.s. governments thinks they have to make sure things like the stock market don't go down very much is because they're basically controlled by wall street must know what wall street wants so the markets will only go down when they want to go down so this is a complete rigged artificial financial system and the only way to even get outside the system at all is to sell your financial federal reserve notes in the u.s. dollars sell bonds and sell anything from the financial system and get out of the system that's the only way you can protect yourself at this point because the

system actually is going to collapse and no one knows what's going to happen at that point so it's a very dangerous time but it's also exciting time as you know as we know and as you know i mean on your report every day that i'm sure you're never struggling to find information or any any news that's of interest every day it's it's overwhelming what's going on right now as the system is in a state of collapse this is a complete. end of the world as we know it in the financial system and that's probably a good thing because this financial system is not a free market system it's basically fascist or controlled. and in some ways communist system when you you have. central planning of the interest rates on the dollar and the currency system is just a system and we're just seeing all the symptoms of this all around the world right now as the system starts to collapse right market capitalism is a growth industry and certainly we're capitalizing on that here on the kaiser

report but you mentioned the comparison to command and control economics most recently associated perhaps with the soviet era of fixing the price of products let's say cars and not allowing the market to determine the price of something like a car manufactured goods and this results and collapse now the comparison here is that in the new u.s. you have a polar bear all called the federal open market committee run by ben bernanke and they don't fix the price of products per se but they fix the price of money they fix the price of interest rates and the result is the same you've got a commanding control economy that is causing generating enormous price dislocations and you see the price of commodities skyrocket wages collapse and the basic quality of life in the u.s. is deteriorating rapidly as rapidly as we've seen anywhere in the last fifty years

correct oh totally and it's just amazing that did you try to control the prices of everything but at the same time they're not very smart or i can like they're not very smart because they use all these keynesian economic theories which makes no sense and they don't seem to understand that once you inflate a bubble in one area which is what they did with the housing bubble in the us after the tech bubble they never let any of these bubbles truly collapse anymore which is a sort of keynesian sort of approach on things that they can somehow smooth out these bubbles inflating the money supply but they don't seem to realize that whenever they reinflate the money supply in expectation that they'll read in. compilable in perhaps for example housing they don't seem to realize that the money never goes to the areas where the the bubble just collapsed so they're trying to they've been trying since two thousand and eight to reinflate the housing market and the money has not gone there and now the money's gone towards commodities

towards colds words. things like food and we're seeing that all over the world right now as people start to riot and protest against the rising price of food and this is all led by ben bernanke and central banks all around the world it definitely appears like they're doing everything possible to make the system collapse but the easiest market to manipulate is the stock market and after ben bernanke it looks like and with these new i.p.o.'s coming down the pike from linked in dot com or facebook dot com a group on dot com this is creating a lot of new currency to pay off bribes and to you know conduct this institutionalization of the american kleptocracy but you mentioned bill gross bond vigilante extraordinaire and what's left of them anyway now he recently tweeted that this move that we were just talking about of releasing oil was similar to the c.m.e. increasing margin rates on solver now this opens up a bit of a can of worms here because the sienese increase and margin rates split the

financial journalistic community down the middle between those who believe that the regulators are manipulating prices and manipulating things like margin rates and those who believe that they're not bill gross coming down the side now of the manipulation can now the intention was to drive down prices as bill gross says now that these interventions in the oil and silver market do they do anything to dissuade you from investing in either of these assets let's say oil or a silver and what's your thoughts on what bill gross is saying. it doesn't dissuade me if anything it encourages me i'm looking at buying oil right now because we've been given the. a little bit of a dip your pie there are a little sales there are merge and see stock. definitely i completely agree that the market is manipulated there's and there's absolutely no question of that it's just a matter of what level is a manipulated but the u.s. government for decades has been manipulating markets just look what they did to the

hunt brothers basically the hunt brothers tried to buy up a lot of silver and the u.s. government didn't like it and they did everything they could to manipulate the market down to basically end up bankrupting the hunt brothers and basically end up destroying their lives basically and of course what the what did they call the hunt brothers in the one nine hundred eighty s. they called them manipulators well there was there was only one real manipulation during not just buying silver because they did they were seeing the same things we see today and in the inflationary nine hundred seventy s. and the u.s. government manipulated the price over lower and then accused the brothers of manipulation so it's the same old thing they've been doing this for decades and stops it just getting worse and worse now and people are just starting to wake up to it right and a sale of silver around several points has never been higher as the public doesn't seem to be fooled by this and you've got about thirty seconds i just want your final thoughts if you can weigh in a little bit on the point phenomenon that's sweeping the globe that cause

a lot of controversy a lot of hate mail. from some thoughts but then again we and others believe it's a fantastic thing what do you think my first impression i heard about it was three months ago for the first time and i was thrilled when i heard about it and i think that's a little bit the computer nerd side of me i see this is a little bit of a struggle between computer nerds and the austrian economics people and i'm i'm very involved on the austrian economics side as well and i have a lot of friends and i'm involved in a group and actually i was very surprised as you mention a lot of sort of more libertarian austrian economics these sort of people have kind of lashed out against it cloying and i'm quite i kind. but confused about it as well i think they're coming from it from the from you says he used to say that in the theory of money that money can't be something that can just be made up and conjured it has to tell you in and of itself and so i think they're sticking to that image in fighting the few currencies for so long that i think they're just

used to fighting other forms of currency but i really like the concept of corner like oh it's unregulated and and intractable and there's no way to shut it down and i think but the more that we have these sort of options and these are options because right now we don't have any options in the few a money system we have just have to use the few money but this is what free market money looks like and i'm excited by it yeah i think what. carl and. to what they don't really have a chance to comment on yet is the key concept of cryptology and how that weighs into currency creation and exchange but anyway jeff like that's all the time we have for this weekend thanks for being on the kaiser report it's been my pleasure thank you. and that's going to do it for this edition of the kaiser report with me max geyser and stacey harbor i want to thank my guests jeff and if you want to send me an e-mail please do so at kaiser report at r t t v are you if you have

a suggestion for a guest or you'd like to be a guest send me an e-mail because the report at our t.v. thought are you until next time the nice guys are saying by all.