three thirty pm here in the russian capital you are with i.t.v. headlines now a national day of mourning across russia for around one hundred thirty eight people police killed twenty pleasure cruiser sank on the volga river two days ago. the mideast of course that meets in washington hoping to jumpstart the soul of the israeli palestinian peace talks as the decades long conflict drags on. we can start to julie in a song she launches a fresh appeal against extradition to london's high court all amid allegations

sweden is nothing more than a staging post for the united states. right next door nazi i do stay with us as our financial guru max kaiser names and shames who he thinks are behind the financial turmoil that continues to grip europe because the report is right now. max kaiser this is the cause or report let's get all the details from stacey or tax europe declares war on rating agencies of course that policymakers from europe across the world have denounced the moody's drastic downgrade of portuguese debt as an act of financial vandalism accusing the anglo-saxon rating agencies of driving states into bankruptcy and destabilizing the global system yeah that's right they

call it financial vandalism she's are upping the rhetoric we have 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 who never did that it was an act of terrorism moody's s. and p. of pitch or financial terrorists and they are purposely targeting these countries for destruction because they want their assets for nothing well portugal's new premier of pedro process 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 buffet's one of biggest shareholders to manipulate that stock price they manipulate their ratings they telegraph what the regs are going to be before they make them so the 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 or look at austerity measures imposed upon them for things they never did and that's the never incurred and this is continuing unabated because nobody stepping in to represent the interest of the people the government like happened 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 specter wrecked 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 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 u.s. worthless debt but also the other thing we see here max is that none of these reading 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 unable 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 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 slamming economies bouncing back after they kicked out the bankers and worth the upgrade well that's my next headline max credit raters who didn't predict iceland crisis mis rebalance or the credit agencies that failed to see the icelandic economic collapse coming in two thousand and eight are now refusing to recognize

its rest are actually of course this shows that it's a racket because what 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 there 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 trauma of debt default now rebuild their economy but keep your sovereignty your sovereignty what is call younger 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 they've already been occupied by germany once you go in for

twice now what are you in this icelandic regard waldemar arman 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 he 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 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 government 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're right of course when moody's downgraded portugal by for not just junk. spreads on irish debt bood and irish begged to buy fridges to boost the economy so the eleven ten year bonds rose 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 the 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 press 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 euro 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 they were chumps these irish are because remember when they were the first to go into the sterett 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 where the greece portugal or ireland to develop a real economy at all irish finance minister michael noonan has pleaded with consumers to replace their clocked out refrigerators and tumble dryer so where are these tumble dryer is the 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 the 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 think again bling and they want to totally collapse so i guess i know the government can do this they can pass a law the. allows people to cash in their think of dollars forgiveness this way you keep them in a brain 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 that 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 for maintenance

work landscaping and painting jobs they're paying thirty thousand dollars for these prisoners to do the work but 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 holocaust that we're witnessing and so his solution to the labor unrest is to put everybody in prison well max 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 and two new ports and it's believed to be the largest mineral extraction operation in the arctic and it relies of course on melting sea ice it's really open casket mining operation because the earth's

ecosystem is dead this fricken guy knows it and you just accept he's basically what you call the guy who rapes a dead person and necrophilia the point is that with the final had by mere melting ice caps open arctic for white gold rush scott walker for example he's in prison gulag introducing a gulag economy but he's also a climate change denier for example but there's a gold rush up into the arctic you have all of these forms of britain's richest man probably a man who finances some of these denying industries because they don't want any competition so you have a whole gold rush whole sways of the arctic cross from greenland canada finland they're all opening up their mining rights there are also to 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 like they were 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 all right well stay server thanks so much for being on the kaiser report thank you max ok don't go. so much for coming away right after the break. with the end of the boer war and the going away of the soviet union many people thought that nuclear weapons disappear. the risk is not zero that something might be going off by this to be exposed to the nuclear weapons on hair trigger alert. because of the victims to use it as

a threat or as an activity that you know if you keep spinning a trillion dollars a year on weapons of venture you're going to blow everybody up you've you know people are dying from these weapons but until we actually see if people don't wake up. through weapons or build. that represents all of the firepower of the second world war this. is the equivalent fire power of the world's nuclear arsenal today. welcome back to kaiser report time now to go to new mexico and start with guy macpherson professor amaranth tests of natural resources and ecology and evolutionary biology his blog is nature bats last welcome to the show guy

macpherson thanks max it's great to be on with you ok now guy in two thousand and eleven it's looking to be the worst ever for climate disasters certainly worst of 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 at work here i strongly suspect there's something else at work here climate is under way 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 passive mystic view 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 tells 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 of our own hands and i mourn for six months to the serious 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 in 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 in in a way for more significant then you would think based 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 strike 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 display from two thousand and seven two thousand and eight that led to what they call the group recession which i call the great depression i don't think we've worked all that out yet and i foresee another spike on the way could very well bring. bring the whole system down in the united states ok now let's talk about the future of these oil my . 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 may shore 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 we've been doing since the carter doctrine of the late ninety's seventy's i think the last decent man in the oval office will be known by history for his statement that was respect for the middle east as our oil over there this occurred so i would argue we've been doing that for a generation or so and know you know that we're involved in six wars from this country primarily because those countries said of the materials we think we need to survive i don't see much change over the course of less thirty years we're doing the same thing we've always been doing which is actually putting 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 come 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 more

peak credit scenario roughly in the same time two thousand and two two thousand and eight 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 a few countries already abandoning the u.s. dollar at least trying to abandon the u.s. dollar is the reserve currency are starting to convert transactions in other currencies. i refer to this relatively frequently as the titanic of people will smashing into the ice burg. u.s. debt you're right the interaction between those two is a 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 read knighting 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 the global society you know we're inflator for we seem to be going after the next the next dollar the next barrel of oil in the future beating them in 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 depends on ready access to cheap oil and this is an early shortsighted now as speaking of the big government year of exited empire

why and how well i was a professor in a very successful one nine books published twenty year career if you research on or it was just research one institution i was well paid so people wonder why would you leave a gig like that. but it's a it's most fundamental level the skin tone to a question of morality for me i view cities in tucson as the classic example of a big city in the desert southwest cities of the apex of empire. susan arizona extracts all of its water from well beyond the boundaries of the city starts all of us food from well beyond boundaries a 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. the screen you realize that this is not really old it's cracked up to be in terms of 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 to. just talk about the costs and consequences of industrialization and continue to live there theatres and i'm tired so i could no longer live in those two worlds finally i just had to exit in i had to leave. something that was profound experiment with a couple of partners here on a property in mexico with two point seven acres with a little bit of water right through all of our own food generator water from rainwater harvesting you know solar pumps and hand pumps. and maintain body temperature and establish good relations for him and for for me as per the living water food but a temperature in human community so we're going to give that

a run but also see if we can set an example for. economic collapse that is underway and it's going to be completely not too distant future a way for people to survive and even thrive in the years ahead now 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 it's figured out a way to completely co-opt c and by having the see them blow around and doing the work for them and they. there see the currency as i like to think of it is infiltrating the sea stocks everywhere so very are new mexico you're trying and internee 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 monsanto is one when chemical owes the evil monster that the industrial global our. society has become. big controls are seeds and therefore food bigger g. poison their water do you ed controls the messages we receive every day through all we think we're free of course but we're going to troll over so many of these facts what we're trying to do in this deli and also many of our neighbors is rely on heirloom seeds so we are just a bunch of heirloom seeds and we're growing seed to see with our garden vegetables so we save the seeds from this year's tomatoes or next year's tomatoes will we will be awash despite that in monsanto see g.m.o. . materials there that we're not really very happy with certainly no doubt just as

we also be. profoundly affected by global climate change just as will be profoundly affected by economic collapse but there are things that we don't have any control over we're trying to control 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 the starters right while the increasingly is reports come in from people doing similar projects yourself 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 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 it was alluded to yes. no doubt about it you know believe the loosely defined ism is the merging of the state. as it were were later arrested you've been there for a while. this morning. all right well let's keep the light on for me in case straggle on the night arrives looking for say hello selter i could be myself. so we'll do it first and thanks so much for being on the kaiser report but your mixer for sure. 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 guy macpherson who is his blog nature pat's last if you want to send me an email please do so at kaiser report r t t v are you in the next time this is backscatter saying by.

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