if. we. all seize top stories it's still a cold nato and russia reach agreement on a missile defense shield for europe after talks in staunching at the alliance refuses moscow's calls for legal guarantees that its proposed system won't target russian territory. general once called love it is a character from the word crime score for protesting as a judge in the hague enters and not guilty plea your name is the home to charges of genocide crimes against humanity and while some subs accuse the tribe you hold one sided interest as heads. and under fire obama's plans to pull out troops from afghanistan come under attack at home from opponents who say it's too much of

a militarist as donovan attacks continue the. president had lined up next a while you bay not cash if for no again to please the bankruptcy in return for state austerity cuts the shock waves from the country's huge economic problems could he have to reach the u.s. find out why and because he reports next to. each. other there's a report signed to reveal to you the intimate secret of global finance it's not about stuff like. being sold it's about securitizing the acropolis so it can be traded. all the debt held by the bankers will be paid off from trading commissions but before you can do that you have to turn everything

into a security i will explain the whole thing anyway stacie ever what's happening well access so over the past week as greece has been. have austerity measures forced on the greeks we have also seen this headline max debt leaving greece finds no buyers and fire sale of national assets so but apparently representatives of the greek government while this protest were going on in the streets of athens they were in london at claridge's hotel looking to sell off fifty billion euros worth of income producing assets up for sale were thirty nine airports eight hundred fifty ports railways motorways sewage works a couple of energy companies banks defense groups thousands of acres of land for development casinos and greece's national lottery apparently they found no buyers no they want and anybody this is the experience of the american indian had with the u.s. army the u.s.

army came with crawling across the western plains of america and they gave the american indians exactly nothing for the land and the concept of actually owning the land was completely alien to the indians the idea of owning the grand canyon for example was a concept that was completely alien to their culture similarly in greece the idea of securitizing in trading the acropolis is an alien concept they don't understand it they're being slaughtered by this army of banks toure's who are going to securitize everything and all the commissions from trading all of this of course will be done off balance sheet in the in the shadow banking system in the dark pools greeks will get nothing they'll get absolutely nothing. but the other thing about this is remember you're dealing with con men bank stress here so are these private equity alleged private equity dealers who met with greek government

officials are they just straw man and some sort of con are they acting as like market makers you know how you often see this and in america is that the market makers don't appear for especially in the commodities market in gold or silver and they let the price collapse in order to then scoop it up at a very good deal for them and then sell it back at a higher price i mean why indian metaphor there the sioux indian and other tribes are still waiting for the u.s. to make good on various treaties that were signed three hundred years ago two hundred years ago one hundred years ago that it's not worth anything the paper that these traders are written on if you think you're going to get anything in exchange for your assets from the banks that are rolling across the federal plantations of greece you've got another thought covering the frenchies plantations i've never seen what is it on a plantation right it's not a race but one of the things that was pointed out by one of these private equity

bankers is he said there was a lack of transparency again this is caused by goldman sachs has hidden all of the everything assets debt everything off balance sheet nobody knows there is no price discovery possible anymore thanks to goldman sachs and j.p. morgan well there will be once they securitize everything right now the acropolis has a value on a greek books of zero now when goldman sachs comes in and they take control of the acropolis and they create a security based on the acropolis to acropolis back securitization program it will have a value on the global markets but it'll be traded off balance sheet in the dark exchange greeks will have any access to it but the international bankers will be trading it back and forth and they'll be borrowing against it that's the key thing all these so-called austerity measures are a way for go. sachs to securitize greek assets to lay another two three four hundred billion in debt on top of the five hundred billion and that so you've said

many times that after greece and the rest of europe america would come become the next victim of the i.m.f. are now taunting the u.s. the i.m.f. is following the same exact plan that they enacted against europe economic crisis in greece could reach the united states i.m.f. warns so first they're saying the money markets banks may spread the contagion according to officials so if something happens to greece they're saying that it could spread to the u.s. i u.s. taxpayer give us all your money for the i.m.f. to bail out the greek creditors oh yeah it definitely coming into the u.s. because some countries now was brazil kick the i.m.f. out the economy is booming yeah the same situation on egypt they're saying no i.m.f. and loans no world bank we don't want the terrorists we don't want the financial terrorists the market fundamentalists the banker jihadi on wall street we don't want them stink and suicide bankers like lloyd blankfein blow himself up here in

egypt but in america sense they are basically idol worshipers of pop idol worshippers of lloyd blankfein as merry band of derivatives fraudulent counterfeiters speaking of pop idol there is the populous nation going on of j.p. morgan which is the biggest of the banks her occupiers in the world and they have this former beauty queen who's now a j.p. morgan executive and i see all of the financial blogs posting photos of her and it's actually in the u.k. press as well this is hot babe who is a banker so that's the sort of thing they're trying to create the sort of worship ing of the lot lindsay lohan sort of things of the people of the world because look a lot of these celebrities who are worshiped via twitter and the rupert murdoch's tabloids. they get away with all sorts of stuff because people worship them so when if j.p. morgan can start creating some lindsay lohan type bankers who people will just

forgive all how about lloyd blankfein the male unicorn with the probing and her fees and well you know the i.m.f. never has just a one pronged attack speaking of the unicorn they go multi-pronged i.m.f. urges us to raise its borrowing limit or risk defaulting on debt but warns that u.s. debt burden is unsustainable in long term. so august fourth you know the u.s. needs to raise this debt ceiling or else it technically defaults and the i.m.f. is saying that you have to raise the debt ceiling but your debt is unsustainable. because the i.m.f. international monetary fund world but. nations they're running the show know barack obama is just basically dancing to the i.m.f. tuning well as we see all governments have to remember puppet rayo in in greece he

was elected on a very specific platform of tossing these guys out within days he was you know swapping the credit default swaps that were worth tens of billions of dollars he's giving them to buddies and people in secret bankers who know you know speaking of the slump that you just mentioned see his cronies raped a country for twenty billion based on that insider deal credit default swap with the postal. i go tot acted for journalist at harper's for their website in america i gave him the facts of the story and they didn't publish it harper's came back to the writer and said this story is too one sided against the u.s. . and this is just a straight up and down depiction of the facts so america you need to open your mind a little bit in the us you want to be on the are you going to be on the reservation armchair everson he said many times the i.m.f. is after the us next s. and p. will slash america from aaa to d. if the treasury misses a payment so this goes exactly within

a few minutes of the i.m.f. saying the u.s. better raises the debt ceiling or they're in trouble well the s. and p. one of the rating agencies who work hand in hand with these international banks tourist the managing director john chambers spoke to reuters and he said quote if the u.s. government misses a payment it goes to d. he says this is known as the selective default that paper that is maturing on august fourth will go to di di di di di that's lower than triple c. and that's what they say greece is worth triple saying well why doesn't the greek government come out with a ratings report saying america's that's what the deed therefore so your american debt and you need a place to put that cash by greek debt and we'll give you a play on the options of the appropriate source of those you don't need it i know it's a good point for the company so the acropolis may go to grow some of the smaller club list but chambers also noted a default on u.s. treasuries a benchmark against which all other debt is measured would dwarf any worries about

u.s. credit ratings as global markets would crumble they're pulling out this all canard oh the markets will crumble the world as we know it will and oh it's all over it give us all your money yeah well of course as part of that to the basis learn to put a gun to the head of folks and say good hijacking like hank paulson to me times can this work is like over and over and over they need to hire somebody from hollywood to get a different scriptwriter because this is boring you know look at every single poster for every single movie that comes out of every single seater and every single country it's a guy holding a gun it never stops elling people see are always trumps faith best. the way of the world if you can scare somebody into giving you their money it's a lot easier than convincing somebody to invest their money speaking of hollywood though america was americans were sold on these wars that across the middle east as you know some big video game sort of film like shock and awe well cost of war iraq and afghan wars and your four trillion dollars study so again the cost keep on

going up americans don't apparently understand how much they're paying for it those same americans who are sitting there debating saying oh the i.m.f. is going to be bailing out these greeks who retire at fifty three years old well what about when we have to bail out the americans who can't stop wars and bombing people all over the world is that any better like i'd rather pay some guide or retire at fifty three than to go murder a million people somewhere else who was murdered doesn't understand us or isn't the energy and food prices are going up so what do you do about these people that have put a lot of other versions and then finally tying this all back to bankers and the afghan war and american choice of plundering their future income afghan banker i have evidence of death plot this is abdul qadeer fit rat the former governor of the afghan central bank and he's fled afghanistan is now in washington hiding out and he's saying that so there's a death plot against him and that's why he had to flee but listen to this fit rats

comments come just hours after afghanistan's deputy attorney general said that fit rat and other officials at the central bank faced prosecution for not acting on warnings about widespread corruption at kabul bank so the corruption until banker gets safe haven in washington d.c. owner bernanke is umbrello bernanke he's banking criminal protection program. and meanwhile back in all the american people are killing folks willing really well yes you could say that ben bernanke in the u.s. is to financial terrorists what the. taliban was two islamic terrorists well said stacy ever thanks for being on the guys are up or. are they back with much more so stay right there. hungry for the full story we've got live from. the biggest issues get

a human voice face to face with the news makers on the party. mission in. cretaceous three. four churches three. arrangement three. three. three. the old freeboard counseling videos for your media project a free media john to our teeth dot com. if.

welcome back to the kaiser report time now to go to lovely beaches outside of athens greece to start with economist a professor yes vera fake as yanis welcome to the kaiser report thank you for having me. more austerity measures for greece from the news footage it appears the population doesn't like the plan but what about economists like yourself do you like the plan i think this is one of those occasions where the crowds collectively shows more rationale. for the greater good of the european union the police meters and all the analysts who are supporting what in my estimation is a highly irrational policy for dealing with this is this well you've got two basic approaches to the various crises around the world there's the austerity and tax

approach and then there is the let's print money companied by bailouts and work programs that we've seen in the u.s. . neither approach seems to work does it well it's a lot better in the united states that it works and you're even though the united states is so if you know the article woods imagine what the situation would have been with the quantitative easing up and i could today you know falls somewhere in between the two alternatives that you could forward and the reason is that the user has a particularly nasty problem with the very design of france and to picture the neither britain noons of the united states. creature right exactly there's an interesting. historical precedent here with the introduction of the euro which. greece can't devalue against other currencies because it's locked into the route

and it's basically going head to head economically speaking with germany i see germany as just announced fantastic results with their economy in part because they benefit from the lower year out. because are tied to greece so germany is getting a benefit from their troubles and grace in ways that a lot of people are talking about why why not why shouldn't germany just leave the euro so that they then are competing with china and america out on a more powerful or super basis instead of dragging greece into the gutter as germany is doing because of germany leaves the year with a little miracle that you described is going to go up in a puff of smoke within twenty four hours if they were to be considered a good smart. go to market value by fifty six three hundred percent and then they would lose neutral he's not it's and the only thing that keeps germany going alone

screaming be at the moment is the chinese market i want to just thank the so high level for a second errant pick your brain as an economist because you mentioned comparing the u.s. and europe and why quantitative easing. perhaps was a better way to approach the crisis however in the u.s. it seems like all they did was buy some time they bought maybe two or two and a half years worth of time and now s. and p. talking about downgrading u.s. debt to d. which would make it even less attractive then the current rating on greek debt of triple c. it does the same as either approach really makes any sense because what we're talking about here is more of a systemic problem the banks have systemically corrupted the system in ways where they make all the money and everyone else suffers all the losses is that a fair characterization absolutely. i have. offered a few photos basing that just like in one thousand nine hundred run socialism. big

gust in two thousand and eight and we saw the end of capitalism and some people scream but the too seriously believe abuses were exactly what happened we don't even have to convince now we were in that area. of crecy it's not the same as bankruptcy it's all grew by banks it's through by bankrupt banks the great or the failure of the bank in two thousand and eight and in europe today. it's power to set the agenda and it's a very strange. which defies the traditional left versus right arguments of free markets versus. collective action or some sort of running now we have a situation where the more you have failed to the most thankless your inability to generate profits the new power you have will go to those who are right well it's based on a scenario that profits were being made by the so-called too big to fail banks for

use to deregulate or to dismantle free market capitalism and they instituted a commanding control finance all autocracy in its place so it's a failure once again. land of command and control that we saw in one nine hundred ninety one as you describe it it's a repeat of ninety ninety one of it's a failure of the politburo of the federal reserve bank and other central bankers. but looking at greece for a second they of course through a seven year period of history experienced military dictatorship under the height it can is a really much difference between the junta and the troika. it's funny you should ask me this yesterday i was talking to an old man who had fought as a partisan during their existence against the nazis in the one hundred forty s. and he stunned me with a question he said wrote imagine the germans had gone back then why would it be different now. the position that he drew was not with. the period of completion and

announces he's and then and i asked i asked him to continue along that line of thinking and he said look if we're so great we would have a commissioner for whom berlin handing things in greece i don't want to go as far as he was going but this is came from the parties and i have to say that i was stuck with words for at least ten seconds before i could conjure up enough strength to suggest that perhaps life would have been worse had and that's a great all right you mentioned nazi occupation during all the arts part of that story of course was the nazis taking much of greece's gold gold in greece now amounts to one hundred eleven tons of gold and i've asked this question to a few people on account of su august you know the history and the economics of greece well what i do have an estimate about how much call germany from greece during that

occupation freight of world war two it's more than just a question of gold you have to remember that during the occupation the german authorities extracted the massively. but it comes from the coffers of the greek our banking system i'll go to my banking system if you combine the girl with the loan company figure which in today's prices is more than five hundred sixty billion years. of course the question is what is the mean is these legally enforceable now ok well let me let me just interject there for a second because you're saying ok the agreements between that were made have been abrogated they don't exist anymore but here you have a george pappa dress government signing off on the memorandum what the i.m.f. of foreign banking institution giving them rights above and beyond the greek constitution they are going to take critics call to pieces golf as part of the

debts that they have a post on grace it's the same deal as you just described to me that the nazis did they think they loaded greece of the bunch of debt then they they they raped greece now the i.m.f. is loaded with a lot a lot of debt and they're going to economically rape greece they're going to take the gold they're going to securitize and monetize and trade all the security so how is this different and why should they were and why why not why respect this memorandum this memorandum as was cooked up by papyrus and and under we could only describe it as treasonous i do you know i would never expect them around to be fine i had the choice of not to speak thinks it is quite one thing to say i do not respect i do not accept the debts that you impose upon me it's quite another to go to germany and go into state united for this for that you need and quite might be home and i don't think he's in sense in having this conversation on this on this matter but let me let me try to imprint my view we're going to be i am at school

and the european union's position recently greece i wish that i would agree with you to pieces a conspiracy to loot greeks it is not and i said. because everywhere conspiracy community will be somewhere i am and some reasons and some logic behind where you'll be in the me i am never doing grease you see i don't believe there is an object and a dog really there is a plan and i don't think there is any overarching objective i think what is happening is this the use system was hit particularly hard by the gay financial crisis of a great project two thousand and eight and it started under our billing our european leaders are at a loss to know what to do what to do with it so they they do the only although you think they know and that is to apply sticky tape remotely to keep together. an edifice and i keep the actual riches of this integrating this think it is very expensive it comes in the form of huge loans the loans come to greece they have to to throw some bones to their own parliaments in berlin for instance and to explain

why these loans i think it increase and these are bones come in the form of public as at the saban center at a station they're not doing it because they want to get something out of quitting so they're doing it in a state of panic and in a way that ensures minimum resistance to these huge loans to greece in the berlin about and why these huge loans will be simply because they behave much merely one moment in the french banks which we need to be explosion of the spanish that situation and then do a complete collapse of the euro and then very close of using of the dutch market will introduce a huge recession in germany now are great politicians run london recently trying to sell brake assets far knock down prices how does selling off income producing assets restore the large army anomic viability of grace it doesn't at all i mean really just really a very great example if the state lottery were not in a lot of greece it produces four hundred million euros of dividends

a year for the greek state and they're now going to try to sell for nine hundred million and this is urgent on the screen another nigga. since ok so why are they doing it well first because they're being told to do it and then it was of course because why are they being toppled protruded because mrs merkel wants to throw some bones to have members of parliament saying look the greeks are. shooting themselves in the lives of the fruit they can be killing them let's extend those lines but in reality it was mrs merkel it's doing she's misleading her parliament in precisely the same way that mrs got on that it was misleading these problems because this money is not for police this money is for the french and the german banks and for saving the banking system not saving but preventing another collapse of the banking system all right well finally of course we're talking to you you're actually sitting on a greek island how much do you want for it how much do you want for your children.

yes well that sounds very impassioned but as we know it is more all sad no place than today's global economy morals don't trade out any exchange there for morals down exist so it's just it's all everyone's got their price and today's club lies economy so out there is there that one twenty or a little less passion that maybe next week but let me answer this question in a dispassionate way i was talking to investors from switzerland and germany who really want to get their hands on going to gas us and they said to me off today goings on the last few days that they will withdraw from the from the competition to get these outfits and they will be strong because they can sense that passion that you mentioned and it's not going to be involved in assets whose legitimacy the program and across the aisle and will be questioned by a passionate people who will not allow islands and parthenon and coastlines to be traded in exchange of rot you know the change of bones that would be had for going

into default anyway the other possibility is that they're seeking a cheaper price all right that's going to do it yes vera fake us thanks so much for being on the kaiser report. thank you and that's going to do it for this edition of the kaiser report with me max geyser and stacey herbert my guest yanis varoufakis if you want to send me an e-mail placed as a at kaiser report at r t t v are you going to like silence the nice guys are saying right off. the. spending the year in iraq has no true journalists. we still in the u.s. congress is there's kind of wasting their time trying to get killed.

i thought. the link to the c.e.o. michael. deaver twenty seven days publicizing inviting him to take the lead to start a debate have a dialogue with. truthiness william where you sleep since the. twenty years ago in the largest country. since it was a suitable. place how did. you get to germany. where did it take the. mission. could you take three years for charges three.