but you know what you know joe period tomoko tells you that he will do a pretty close to your look turns. in serbia booties available in regency. is now past the hour here in the russian capital you were going to a reminder now of our top stories and up british activists marking us independence day with protests demanding the closure of an american spy base in england which is it due to be a part of a star wars type missile shield or concern it's a step towards a self-serving american the militarization of space. then marks a border barriers are coming back with customs checks designed to tackle drug smuggling and illegal immigration because i'm going to be your colleagues who say it violates the cornerstone of european union. and the libyan officials say the

arms embargo has been breached again from qatar carrying weapons for the rebels are reportedly intercepted so far france is the only nation to admit supplying arms to antica peoples. i know those are the headlines on this tuesday. next and so you see look at whether the greek economic shock wave is causing a wobble in washington do stick with us. i am ecstatic this is the part time to reveal to you the intimate secret of global finance it's not about stuff like the acropolis 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 oh we'll explain the whole thing anyway stacie ever what's happening well max yes 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 apparently representatives of the greek government all this protest were going on in the streets of athens they were in london at claridge's hotel looking to sell a fifty billion euros worth of income producing assets up for sell 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 in greece's national lottery apparently they found no buyers no they want to find any buyers this is the experience of the american indian had with

the u.s. army the u.s. army came 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 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 to use 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'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 coming from the frenchies plantations i've never seen whether it's a grown on a plantation right it's not

a race better and 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 debts everything off balance sheet nobody knows there is no price discovery possible anymore thanks to goldman sachs and j.p. morgan who will be wants to 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 didn't acropolis back securitization program it'll have a value on the global markets but it'll be traded off balance sheet in the dark exchange and greece will have any access to it but the international bankers will be throwing 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. saxe to securitize greek assets to lay another two three four hundred

billion in debt on top of the five hundred billion in debt so you've said many times that after greece and the rest of europe america will come become the next victim of the i.m.f. so now taunting the u.s. the i.m.f. a solid in 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.e. u.s. taxpayer give us all your money for the i.m.f. to bail out the greek creditors oh yeah it definitely going into the u.s. because some countries got was brazil kicked the i.m.f. out the economy was booming yeah the same situation down egypt they're saying no i.m.f. 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

stinking suicide bankers like lloyd blankfein blow himself up here in egypt but in america sense they are basically idol worshippers of pop idol worshippers of lloyd blankfein a merry band of derivatives fraudulent counterfeiters speaking of pop idol there is the pop idol is a sion going on of j.p. morgan which is the biggest of the banks her occupiers them 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 this while this this hot babe who is a banker so that's the sort of thing they're trying to create the sort of war shipping 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 and 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 people will just they'll forgive all how well lloyd blankfein the male unicorn with the programming and fleur 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 and long term so i guess i think 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 bank you know 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 pop and radio 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 swap that you just mentioned see his cronies rate the country for twenty billion based on that insider deal court of the false while with the postal bank i go to contact a former journalist at harper's for the 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 a are you going to reservation are some 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 us better raise 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 toure's 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 minutes of 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 debts were the deed therefore so your american debt you need a place to put the cash by greek debt and we'll give you a play all the options on the acropolis ourselves you don't need a good plan for the coming year until the acropolis may go to the store probably but it's on 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 the 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 they've learned to put a gun to the head of folks and say it's a hijacking like hank paulson did i mean 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 and every single scene or in every single country it's a guy holding a gun it never stops 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 our money speaking of hollywood though america was americans were sold on these wars and across the middle east as you know some big video game sort of film like shock and awe well cost of war iraq

afghan wars and your four trillion dollars says 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 all 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 guy to retire at fifty three than to go murder a million people somewhere else whom it damage america doesn't understand this or isn't the energy and food prices are going up so what do you do about these people other than put them on reservations and then finally tying this all backs of bankers and the afghan war american choice of plundering their future 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 there's a death plot against him and that's why he had to flee but listen to this 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 corrupt central banker gets safe haven in washington d.c. under bernanke is a. banking criminal protection program. and meanwhile back in the american people are killing folks. well yes you could say that it's ben bernanke in the us is to financial terrorists what the taliban was to islamic terrorist. states here were thanks for being on the gaza report. back with much more stick right there.

mission. couldn't take three years for charges. coming from the three. three. three. three branches of the video for your media project a free media party dot com. welcome back to the kaiser report time now to go to lovely beaches outside of athens greece to talk with economists a professor yes vera fake as janice 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 rationality that. the greater the good of the european union the policymakers and all the analysts who are supporting what in my estimation is a highly irrational policy for dealing with this is crisis well you've got two basic approaches to the various crises around the world there's the stary and tax approach and then there is the let's print money company by bailouts and work programs that we've seen in the u.s. neither approach seems to work as it well it would look bad in the united states and it works in europe even though the united states is so from you know part of

the woods imagine what this situation would have been with the quantitative easing of ben bernanke you today. you know full somewhere in between the two. forward and the reason is that the user has a particularly nasty problem with the very design of its architecture the neither britain no rules of the united states. creature right exactly there's an interesting. historical precedent here with the introduction of the euro which the greece can't devalue against other currencies because it's locked into the year out 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 on i'm on a more powerful or super basis instead of dragging greece into the gutter as germany is doing because of germany leads the year with a little miracle that you can sky is going to go up in a puff of smoke within twenty four hours if they were to be considered good good smart. marketing by you by fifty six three hundred percent and then they would lose their attorneys not it's and the only thing that keeps germany going in loans. is the chinese market i want to just take the so high level for a second here and 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. seems like all they did was buy some time they bought maybe two or two and

a half years worth of time and now with s. and p. talking about downgrading u.s. debt to d which would make it even less attract. then the current rating on greek debt of triple c. it doesn't seem as though 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 i'm so really. i have. offered a few photos basing that just like in one thousand nine hundred run socialism. you could just in two thousand and eight and we saw the end of capitalism and somebody took stream but had to seriously believe that this is where exactly what happened we can only wonder how could this now and we wonder jean-guy go bankrupt or krissy it's all the same as bunker crissy it's not ruled by banks it's ruled by banker banks the greater the failure of the grand in two thousand and eight and in europe

today have a duty to its power to set the agenda and it's a very strange regime under which defies the traditional left versus right arguments of free markets versus. collective action or sense of granting now we have a situation where the more you have failed to the most to conquer your inability to generate profits then more power you have over those who do all right well it's based on that scenario the profits that were being made by the so-called too big to fail banks for years to deregulate or to dismantle free market capitalism and they instituted a command and control financial autocracy in its place so it's the failure once again of command and control that we saw in one nine hundred ninety one as you describe it as a repeat of one thousand nine hundred 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 threw us. seven year period of history experienced military dictatorship bugger the height it is a really much difference between the hunter and the troika. it's funny you should ask me this yesterday i was talking to an old man who had thought as a partisan during resistance against the nazis in the 1940's and he stunned me with a question he said wrote imagine the germans had one man why would it be different now so you know the juxtaposition that people drew was wrong with who it was with and that they you know we can patients under the nazis he said and then iris i asked him to continue along that line of thinking and he said look if so do i had a great we would have a commissioner for whom a very lean and 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 for words for at least ten seconds before i could conjure up enough strength to suggest that perhaps life would have been worse had been not simply great all right imagine 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 gault and i've asked this question to a few people. you know the history and the economics of grace well what i do have an estimate about how much call germany from grace 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 extract at the massive loan inadvertent comes from the coffers of the greek a banking system of the occupied going system and if you combine the gold with loan

you will come to figure which in today's prices is more than five hundred sixty two . and yours. of course the question is let us know me can use these legally enforceable ok well let me let me just interject that first 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 backing answer to and giving them rights above and beyond the greek constitution they are going to take critics call to greece as golf as part of the debts that they had imposed on grace it's the same tale as you just described to me that the nazis did they think they loaded greece in a bunch of debt then they hate if they rate greece now the i.m.f. is loaded with adele 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 why why not why respect this memorandum this memorandum is was cooked up by papyrus and and under the we can only describe it as treasonous i do you know i would never expect them around to be i had the choice of not respecting and that is quite one thing to say i do not respect i cannot accept the debts that you have imposed upon me it's quite another to go to germany and to go into staking one for this with that you need quite my beyond and i don't think he's in sense and he dismissed conversation on this on this matter but let me let me try to improve my view regarding the ins position and the european union's position we should be greece i wish that i would agree with you to this is a conspiracy to loot greeks it is not and i say i wish because if it were conspiracies mean that it would be some ryan and some reasons and some logic behind what a european to me i am doing in greece you see i don't believe that he's in and i do

believe there is a plan and i don't think there is any overarching objective i think what is happening is this and he uses them. was hit particularly hard by the day financial crisis of a great project two thousand and eight and it started under our building our european leaders are at a loss to know what to go to do with it so they they do the only although you think they know and that is to apply sticky tape in order to keep it together. and then to face and i can picture which is the case indicating these 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 parliament singling for instance to explain why these loans are being cute increase and these are groups come in the form of public asset sales and drive a station they're not doing it because they want to get something out of creating so they're doing it in a state of panic and in a way that ensures minimum resistance to be since loans to greece in the early in

the budget and why these huge loans to be simply because they very much fear lehman moment in the french banks which me to be explosion of the spanish that situation and then do a complete collapse of the euro and then that he considers you know the dutch market will introduce a huge new recession in germany now are great politicians around london recently trying to sell great assets far knock down prices how does selling off income producing assets or start a large army canonic liability of grace it doesn't at all i mean don't you just to be a very bad example if a state lottery we're not in a lot of your greece it produces four hundred million euros of dividends a year for the good state and they're now going to try to sell for nine hundred million now this is urgent on the criminal negligence but so why are they doing it well firstly because they're being told to do it and then the question of course because why are they being total poll today because mrs merkel wants to throw some

bones to have members of parliament saying look the greeks are really being shooting themselves in guns i was on the phone. they can let's extend those norms but in the end it was mrs merkel it's doing she's misleading her i mean precisely the same way that mrs brook on that it was misleading parliament because this money is not ok to use this money for the french and 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 here 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 in today's global economy morals don't trade on any exchange therefore morals don't exist so it's also everyone's got their price and today's globalized economy so out there is this or that one when you're a little less passionate maybe next week but let me answer this question in

a discussion that way i was talking to investors from switzerland and germany who really want to get their hands on going to gas and they said to me off today guns on the last few days that they will withdraw from the from the competition to get these assets and it will be strong because they can sense the passion that you mentioned and it's not going to be involved in assets whose lives you didn't see the program and it crossed over and will be questioned by a very passionate people who will not allow islands and profit and coastlines to be traded in exchange of what you need to change over bones that will be forming a default and where there possibility is that they're seeking a cheaper price all right that's going to do it yes vera faith 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 kaiser and stacy herbert and i thank my guests yanis farah fake us if you want to send me an e-mail placed as our at kaiser report

at r t t v are you like scientists the nice guys are saying value off. running.