like on the. video on demand all season long. street. they're watching r t the headlines for you for national day of mourning across russia around one hundred thirteen people need killed at a pleasure for the sign on the river ten days ago. or maybe scores head meets in washington jumpstart the scold israeli palestinian peace talks as a decades long conflict drags on. we could expound a judean or sons launches a fresh appeal against extradition of london's high court and on occasions that

sweeping there is nothing more than staging to the us. the next naughty financial guru james and shames who he thinks is behind the financial turmoil that continues to grip europe that's in the concert halls. max kaiser this is the cause or report let's get all the details from stacey or tax europe declares war on ratings agencies of course the policymakers from europe across the world have denounced moody's drastic downgrade of portuguese debt as an act of financial vandalism accusing the anglo-saxon reading agencies of driving states into bankruptcy and destabilizing the global system yeah that's right they call it financial vandalism she they're upping the rhetoric and we we've been

talking about financial terrorism for months and months and months now they're upping their rhetoric they're going to get to the point now where they realize that this is in fact not vandalism which is a quaint way of saying terrorism they didn't accuse the sullivan law of vandalism on nine eleven no never did that it was an act of terrorism moody's s. and p. of pitch are financial terrorists and they are purposely targeting these countries for destruction because they want their assets for nothing well portugal's new premier a page. said moody's downgraded was a punch in the stomach at a time when the new government has done everything demanded by the e.u. and i.m.f. inspectors well that's part of a racket moody's a publicly traded company warren buffett on the biggest shareholder they manipulate that stock price they manipulate their ratings they telegraph what the regs are going to be before they make them so insiders can profit from the inside information inside information is legal in washington they are lining their pockets they're disenfranchising the people live in these countries who are elected austerity measures imposed upon them for things they never did and that's they

never occurred and this is continuing unabated because nobody stepping in to represent the interest of the people the government like a drill in greece is in the pocket of the terrorists proper drill you are a terrorist you are a financial terrorist do your country a favor and toppers. so minor flaw spec director of the un office for world trade and development said the agency should be dissolved before they can do any more damage or at least banned from reading countries or they should create their own rating agencies nothing stops portugal from creating a portuguese bond rating agency and issuing a rating on american debt as deep as technically in default and therefore it would shift all those hedge funds capital reserves into portuguese debt and greek debt and out of us worthless debt but also the other thing we see here max is that none of these rating agencies were held accountable for their crime wave leading up to the two thousand and eight financial disaster none of them saw jail time none of them faced any criminal charges and because of this you see them able to hijack and

hold hostage and and terrorize nations around the world are able to continue doing this just like rupert murdoch will continue to terrorize and all sorts of people throughout britain because he's able to tap phones because he's friends with david cameron and who knows what his phone taps on david cameron's phone have on david cameron and why david cameron is that enable to act against rupert murdoch so this is the same situation all these oligarchs in this neo feudal system are able to get away with fines or if you like little slaps on the wrist for doing anything wrong right well we have further proof that moody's is committing acts of fraud and terror and that by slan economies bouncing back after they kicked out the bankers and worth the upgrade well that's my next headline you know max credit raters who didn't predict iceland crisis mis rebound so the credit agencies that failed to see the icelandic economic collapse coming in two thousand and eight are now refusing to recognise this arrest or action of course this shows that it's

a racket because iceland had a aaa rating up to four months before its collapse why because it was doing exactly what the banks tourist want this is part of the racket they they were loading up the country with what fourteen times its g.d.p. . and debts and now because they've kicked out all the banks there is they're never going to get their any sort of rating back but in the real world when iceland held an auction recently it was two times oversubscribed great lesson for greece greece says oh my god if we default on our debt no one will buy our bonds again that's false look at iceland two times oversubscribed for their latest tranche of debt default now rebuild your economy but keep your son over and to keep your sovereignty but his car you'll curse saying oh we don't think the greek people should have their own sovereignty we think it should be self germany we want to run the entire european show they do already the port of the occupied by germany once you go in for twice what you in this icelandic regard waldemar armin an economist

at reykjavik based asset manager gamma says when you look at how successful that auction was it's clear that investors are now crunching the numbers themselves and that the credit grades from the rating agencies are less relevant. well that's because they are committing massive acts of fraud and you know you can't just say it's the wall street banks who are committing this massive fraud with impunity and it's entirely their fault because after all you want them to be aggressive in their attempt to make money the really the the blame falls on the regulators which means the u.s. government in this case or the u.k. government and barack obama are again david cameron and this is where the two stories dovetail with cameron because in the case of britain not only are they lax with financial terrorism but now is lax with murdoch who is the dog poop of major media yeah but i maintain that we actually don't have governments max that these regulators are not operating on behalf of the people because they are actually are

only a wing of those corporations who they're allegedly regulating it's just a facade for the people there is no such thing as governments in our world today no not in a club talk r.c. you can rightfully refer to people sitting in those offices as a government you know you're right of course when moody's downgraded portugal by for not just to junk. spreads on irish debt. irish begged to buy fridges to boost the economy so the eleven ten year i respond to record amid increasing speculation that the nation's credit rating may join greece and portugal and being downgraded to junk and the only thing that could rescue them they're saying is consumers but the consumer savings rate is over twelve percent look this is a complete disconnect between what a sound economic policy should be and the benefits or harm it may impose upon the population to people in ireland should not be out incurring more debt to buy

consumer nondurables and white goods like refrigerators and washing machines they want to save money and they want higher interest rates and they want higher wages so why is the government or whoever at the club to credit class encouraging that they go deeper into debt. oh let's see because it allows the policymakers to legitimize more quantitative easing which keeps interest rates artificially low that helps to oh the speculators the speculators in the rating agencies and the cook to kratz and the syndicates who are destroying the economy well irish resale sales are falling at more than twice the pace of the average in the your region after the government increased taxes and reduced salaries for state workers by fourteen percent to the irish economy is only fifty three percent consumption and the us at seventy so imagine what happens when these austerity measures are introduced in the u.s. right now we're in a death spiral in greece ireland of portugal because of all the austerity measures that the economies are just spiraling into nothing big or chumps these irish are

because remember when they were the first to go into the austerity butchering they didn't revolt in any way and then when athens started to revolt in the street the people in ireland are very proud of themselves oh we're in the greek yeah we are thinking that we're not out there actually defending our interests and you see that there are no plans anywhere whether greece portugal or ireland to develop a real economy at all irish finance minister michael noonan has pleaded with consumers to replace their clapped out refrigerators and tumble dryer so where are these tumble dryer is a refrigerator is made probably china or germany it's not going to help their economy at all consuming does not help their economy producing helps their economy companies that the irish government is encouraging to relocate to ireland and in dublin now are companies like that create virtual currency which is

a backdoor way into gambling they just figured out a way to go around gambling laws this is what the irish government wants they want horse racing they want zinc again bling and they want to totally collapse so i guess i know the government can do this they can press a law the. allows people to cash in their zing of dollars forgiveness this way you keep all the neighborhood and broke good going so over in the us a response to deficit has been an attack on workers as well union workers replaced with prison labor under scott walker's collective bargaining law to state employees in wisconsin make an average of fifty thousand dollars a year and this includes all of the white collar workers all the executives working for the state it includes their pension benefits and health insurance so fifty thousand dollars a year now wisconsin prison inmate cost thirty thousand dollars a year so they're using free scott walker is calling it free labor commitments work landscaping and painting jobs they're paying thirty thousand dollars for these

prisoners to do the work but for this part of the global contraction and consolation in wages in china the wages are moving up in the united states are aggressively moving down and so mike scott walker who is there in madison wisconsin and in wisconsin he's a he's an acolyte of the koch brothers who we know from recent revelations are in bed with the energy companies they themselves being an energy company to speed up the effects of the ecological whole a cost we're witnessing and so his solution to the labor unrest is to put everybody in prison well we were just talking about the casino element of the casino gulag economy this reminds me of the gulag economy is that like north korea you have a command and control gulag economy emerging in wisconsin using slave labor to perform your work it never works it doesn't work for north korea north korea probably started out forty years ago down this road on austerity measures that

probably started as a way to cut the deficit instead they have a dilapidated economy that relies on the sugar daddy of china. because they can invade the only other way to pay for a gulag economy as germany did was you invade other countries your leader scott walker but talking about powerful men britain's richest man to build giant arctic iron ore mine britain richest man lakshmi mittal is planning a giant new opencast mine three hundred miles inside the arctic circle in a bid to extract a potential twenty three billion dollars worth of iron ore the megamind includes a one hundred fifty kilometer railway line into new ports and it's believed to be the largest mineral extraction operation in the arctic and it relies of course i'm melting sea ice is trying to open casket mining operation because the earth's ecosystem is dead this fricken guy knows it and he's just excel he's basically is

what he call the guy who rapes a dead person and necrophilia the point is that with the final headline you're melting icecaps open arctic for white gold rush scott walker for example he's in prison gulag here they're introducing a gulag economy but he's also a climate change denier for example but there's a gold rush up in the arctic you have all of these firms you have britain's richest man probably a man who finances some of these denying industries because they don't want any competition so you have the whole gold rush whole swathes of the arctic across from greenland canada finland they're all opening up their mining rights there are also it's a small entrepreneurs going up there they find no ice there remarkably a lot of the denying industry is actually telling people that this growing ice is so much ice up there we're entering a new ice age and yet the facts on the ground the business on the ground the people benefiting from this are actually you know up there operating and making money so yeah the deniers are adamant that there's more ice building at the same time

they're exploiting the fact that the ice is rapidly diminishing. thanks so much for being on the kaiser report thank you matt ok don't go. much more coming your way right after the break. first we remove the old cold the clear cutting the. second explosives are used to blasting a deeper than the jury. heard the remains are. finally easy from boyhood soil his devotion to valley feel. the food. the.

food to. welcome back to cries the report time now to go to new mexico and talk with guy macpherson professor amorites us of natural resources and ecology and evolutionary biology as blog is nature bats last welcome to the show guy macpherson thanks max it's great to be zero zero zero ok now guy in two thousand and eleven it's looking to be the worst ever for climate disasters certainly worth the two thousand and ten now the us has seen the worst droughts in recorded history the worst floods

in u.s. recorded history the most tornadoes in history the biggest fire in arizona state history is this all just a freaky coincidence or is there something. else that work can only suspect there is something else at work here climate chaos that is underway and ratcheting up i don't see any evidence that this is not driven by anthropogenic climate change in that it's not going to get a lot worse in the years ahead ok so you've taken this past the mistake vio for the moment but segue into my next question where you started out as a climate scientist twenty five years ago but stopped researching ten years ago as part of a transition tell us about it yeah but ten years ago i was editing a book on climate change it was my most comprehensive assessment to that point and it became clear to me then just over a decade ago we had probably committed ourselves to extinction at our own hand i

mourned for six months to the curious amusement of the three people who noticed in that's when i stopped doing primary research on climate change because i thought it was fairly hopeless however shortly thereafter i discovered global peak oil and. the likelihood of reduced energy supplies on the global level bringing down the industrial economy and therefore forcing us to reduce emissions by eighty percent or so so peak oil and how does it also impact markets as a whole oil affects the market you know in a way for more significant then you would think they simply on the amount of oil in the ground each of the. six worldwide economic recession since one nine hundred seventy two have been preceded by a spike in the price of oil and that the more profound the spike the deeper the economic recession and i don't think we've worked out yet. the spike from two

thousand and seven two thousand and eight that lead to what they call the great recession which i call the great depression i don't think we've worked all that out yet and i foresee another supply. on the word it could very well bring bring the whole system down in the united states ok now let's talk about the future of these oil markets we know that the u.s. department of defense consumes awfully four hundred thousand barrels of oil a day or something in the order of two hundred thirty million dollars worth of barrel every barrel of oil every day when the time come when they simply declare force made your and say we're no longer interested in price discovery and free markets we just we're just going to take the oil do i think this will been doing since the carter doctrine of the late one nine hundred seventy six the last decent man in the oval office will be known by history for his statement that was restructure the middle east or oil over there this occurred so i would argue we've been doing that for

a generation or so and i know that we're involved in six wars in this country primarily because those countries he said of the materials we think we need i don't see much change over the course of less thirty years we're doing the same thing with. playing other countries for their materials now going forward from the carter period through the great expansion we've had in g.d.p. which is calm also with an even greater expansion in credit or debt. it seems as though the peak oil scenario has arrived at the same time as this peak debt or peak credit scenario roughly in the same time two thousand and two two thousand and seven period now going forward sense much of the trade is done in u.s. dollars does the peak oil scenario in the peak credit coterminous scenario play out is this a net negative or positive for the u.s.

dollar i think it's net negative we see if you can freeze already abandoning the u.s. dollar at least trying to abandon the u.s. dollar is the reserves. currents are starting to convert transactions in other currencies. i refer to this relatively frequently as the titanic of people will smash into the iceberg u.s. debt and you're right the interaction between those two. really big deal that is being ignored marginalized covered up by governments and media around the world now let's talk about an emerging hot spot in the arctic area the arctic ice sheets are melting and of course this is exposing more possibilities for development but also reigniting geo political tensions you've got people saber rattling now trying to take control of these newly exposed areas it's interesting because of course exploring and extracting and processing the energy will exacerbate the speed at

which the climate in the arctic is melting so again the short term interests a gallon of oil today seem to be trumping the long term interests of survival of the species is that a fair statement and salute to the global society the words later. we seem to be going after the next the next dollar the next barrel of oil in the future me to know and i don't know you know half a dozen people who think that the future of their children depends more on climate change than it comes on ready access to cheap oil and it's just incredibly shortsighted. now i speaking of the big government year of exited empire why and how well i was a professor and a very successful one i had nine books published in a twenty year career at the restorers honor i was at this research one institution i was well paid so people wonder why would you leave

a gig like that. but at the most fundamental level this came down to a question of morality for me i view cities and tucson as the classic example of a big city in the desert southwest cities are the apex of empire. tucson arizona extracts all of its water from well beyond the boundaries of the city it starts all of its food from well beyond runners the city essentially steals resources from other populations from other cultures in from the future justice or rather. at some point you do that long enough and you start to look under the covers you pull back the screen you realize that this is not really old it's cracked up to be in terms of what culture would have us believe and so once you see that you can't unsee it so it became increasingly difficult in the last five years for me just to talk about

the costs and consequences of industrialization and continue to live there theater simpler so i could no longer live in those two worlds finally i just had an accident and i had to leave. sometime this this profound experiment with a couple of partners here on a property in new mexico we have two point seven acres a little bit of water a girl of our own food generator water from rainwater harvesting you know solar pumps and hand pumps. and maintain body temperature and establish good relations are human energy is big for for me for a start a living water food but a temperature in human community so we're going to give that a run but also see if we can sort of example for. economic collapse that is underway and it's about to be completely not too distant future a way for people to survive and even thrive in the years ahead and i notice on the polls that are conducted asking people what is the most hated company in the world

usually at the top of the last is monsanto monsanto of course the figured out a way to completely co-opt c. and by having the seeds blow around and doing the work for them. there see the currency as i like to think of it is infiltrating the sea stocks everywhere so harry are new mexico you're trying community to be self-sufficient you will at some point be relying on seeds so how do you fight against that are you actively trying to fight against that it would you agree that monsanto is one of the most pernicious corporate players out there i absolutely agree that months and joe is one one chemical owes the evil monster the industrial global our. society has become. controls are seeds and therefore bigger gee poisons our water

they erred controls and messages we receive every day through all we think we're for it or so but we don't have the control over so many of these factors what we're trying to do in this belly and also many of our neighbors is rely on heirloom seeds so we are just a bunch of heirloom seeds and we're going seed to see with our garden vegetables so we save the seeds from this year's tomatoes for next year which tomatoes will we will be awash despite that in monsanto c n n g m o. in materials that were not really very happy with certainly no doubt just as we will also be. profoundly affected by global climate change just as will be profoundly affected you can only collapse but there are things that we don't have any control over we're trying to control the things we do have control over working within this

community and the other parts you know you wish for the best. but there's a lot we can do about some of those are all right well the increasingly is reports come in from people doing similar projects to yourself for getting off the grid or starting to be self-sustained in communities of their own they seem to be coming under greater and greater attack from the federal government who is of course doing the dirty work for companies like monsanto so you're in kind of a conflict there therefore it with with the feds so is the hope that the fences go bankrupt before they have enough juice to terminate you i mean is that kind of that's the bet you're making there's a loot yes no doubt about it you know going into a loosely defined ism is the merging of state corporation as it were were they are they're going there for a while. all right well let's keep the light on for me

in case straggle on the night arrives looking for safe selter that could be myself . so we'll do all right guy mcpherson thanks so much for being on the kaiser report but if you're married. that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert i thank my guests kind of person who is blog nature perhaps last if want to send me an email please do so kind to report it r t t v dot ru and so next time this is nice guys are saying bye.