the shareholders they 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 who live in these countries who are elected 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 puppet joy in greece is in the pocket of the terrorists proper drill you are a terrorist if you are a financial terrorist do your country a favor and top yourself so minor flaw spec director of the u.n. 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 the portuguese bond rating agency and issuing a rating on american debt as d. is technically in default and therefore it would shift all those hedge fund 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

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 slamming economies bouncing back after they kicked out the bankers and. where's the upgrade well that's my next headline yet max credit raters

who didn't predict iceland crisis mis rebound so the credit agencies that fail to see the icelandic economic collapse coming in two thousand and eight are now refusing to recognize 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 want this is part of the racket they they were loading up the country with what fourteen times its g.d.p. in 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 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 traunch of debt default now rebuild your economy but keep your solvent to me keep your sovereign see what is go

younger saying oh we don't think that 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 do you have in this icelandic regard waldemar armin an economist at reykjavik based asset manager gamma says when you look at how successful that option 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 to 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 story . 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 yet 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 is 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 the 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 it's irish begged to buy fridges to boost the economy so the eldon 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 to higher interest rates and they want higher wages so why is the government or whatever 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 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 a seventy so imagine what happens when these austerity measures are introduced to the u.s. right now we're in a death spiral in greece ireland and portugal because of all the austerity measures that the economies are just spiraling into nothing and we're 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 though we're in the greek when they 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 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 zynga 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 gambling and they want to believe collapse. i get it i know the government can do this they can pass a law that allows people to cash in their sink of dollars for guinness this way you keep 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 and includes their pension benefits and health insurance. 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 that's right this part of the global contraction and conflagration and 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 hole the cost 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 dear 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 to newport and it's believed to be

the largest mineral extraction operation in the arctic and it relies of course on melting sea ice destroying open casket mining operation because the earth's ecosystem is dead this guy knows it and he's just excel he's basically what he call the guy who rapes a dead person and necrophilia the point is that with the final headline here melting ice caps open arctic for white gold rush scott walker for example he's using 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 terms 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 across from greenland canada finland they're all opening up their mining rights there are also small entrepreneurs going up there they find no ice there remarkably a lot of the denying industry is actually telling people that there's 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 max ok don't go. much more coming your way right after the break. first. second. class compete in the. remaining machinery.

legal on our team. welcome to the. what makes a big splash in the world of high tech business climate trends in france science into eye catching products they don't understand. easy he followed russian innovators to broaden their big breakthrough back home spotlight on story on technology update here on. we. covered. welcome back to kaiser report time now to go to new mexico and talk with guy macpherson professor emerita 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 on ever for climate disasters certainly the worst in two thousand and ten now the u.s. 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 freaky coincidence or is there something else at work here i strongly suspect or something else at work here climate change is underway ratcheting up i don't see any evidence that this is not driven by answer gena climate change in that it's not going to get a lot worse in the years ahead ok so you've taken this pessimistic view for the moment but to 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 but ten years ago i was editing a book on climate change it was my most comprehensive assessment to that point. it

became clear to me this just over a decade ago we should probably committed ourselves to extinction at our own hands mourn for six months to the curious amusement of the three people who noticed. 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 at the global level bring 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 reese economic recession since one

thousand nine hundred to 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 led to the 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 the bring the whole system down in the united states ok now let's talk about the future of these oil markets we now 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 a barrel every barrel of oil every day one time come when they simply declare force maybe you are and say we're no longer interested in price discovery in free markets we just we're just going to take the oil i think that's we've been doing since the carter doctrine of the late one nine hundred seventy s.

i think the last decent man in the oval office will be known by history for his statement that was respect to the middle east as our oil over there that's occurred so i would argue we've been doing that for a generation or so now and that we're involved in six wars from this country primarily because those countries have 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. any 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 or 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 us dollars does the peak oil scenario in the peak credit coterminous scenario play out is this a net negative or positive for the us dollar i think it's net negative we see a few countries already abandoning the us dollar at least trying to abandon the us dollar as the reserve currency and started to their transactions in other currencies. i refer to this relatively frequently as the titanic if you will smash ing into the. us debt europe the interaction between those two is a really big deal that is being ignored marginalized covered by governments in the media around the world now let's talk about an emerging hotspot 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 of a gallon of oil today seem to be trumping the long term interests of survival of the species is that a fair statement absolutely we're a global society that. we're in flight or fight our way we seem to be going after the next the next dollar the next barrel of oil and the future be damned 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 it's just incredibly shortsighted now is speaking out of a big government year of exited empire why and how

well i was a professor and a very successful one the head nine books published in a twenty year career at the university of arizona 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 extracts all of us food from well beyond boundaries a city essentially steals resources from other populations from other cultures and from the future just to survive. 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 all 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 of the last five years for me just to talk about the. costs and consequences of industrialization and continue to live there at the apex of empire so i could no longer live in those two worlds finally i just had to exit him and i had to leave. so i'm trying 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 right now trying to grow all of our own food generator water from rainwater harvesting solar pumps and hand pumps in and maintain body temperature and establish good relations our human community is big for for me to post urban living water food but a temperature and 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 bound 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 war although usually at the top of the last monsanto monsanto parsons figured out a way to completely co-opt seeds and by having the scenes blow around and done the work for them. they're seeing the currency as i like to think of it is in full training the sea stocks everywhere so carry on to mexico you're trying community to be self-sufficient you will at some point be relying on scenes 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 one tentacle owes the evil monster that the industrial global. society has become. big controls are seeds and therefore food begin to gie poisons our water the ed controls of messages we receive every day through all we think we're free of course but we don't have the control over so many of these factors what we're trying to do in this and also many of our neighbors is rely on heirloom seeds so we purchase a bunch of heirloom seeds and we're going see just see with our garden vegetables so we save the seeds from this year's tomatoes for next year's tomatoes will we will be awash despite that in monsanto seed in. juneau in materials that were not really very happy with certainly no doubt just as we'll

also be. profile only effective 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 things we do have control over workings in 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 doctors right while the increasingly is reports come in from people doing similar projects to yourself for getting off the grid are starting to be solved to staying 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 feds 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 a little bit yes absolutely no doubt about it you know believe don't loosely

defined them as the merging of the state or gratian and i think we're we're there that's a good been there for a while but it's like. this point where they're 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. we'll do mix all right guy mcpherson thanks so much for being on the kaiser report thank you mick separately adept at it 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 gas guy macpherson who is his blog nature bats last if you want to send me an email please do so at kaiser report r t t v dot ru until next time this is max keiser saying bye.

the first funerals are held in russia as the country mourns the victims of sunday's pleasure cruise the sinking of the volga river over nineteen deaths have been confirmed now the search for dozens of bodies trapped under water continues. as the french parliament voted to extend the military campaign in libya highlighting consistencies in paris is frantic attempts to find ways out of the deadlock also. the british himself of course would not have any place. on a visit to washington russia's foreign minister reaffirms moscow's position on the need for colonel gadhafi to go.

just after midnight here in moscow welcome wherever you're watching us around the world this is the news channel with me kevin. and the first funerals have been held in russia's republic of tatarstan as the country mourns the victims of its worst boating accident in decades rescuers are continuing to search for bodies trapped under water including dozens of children almost one hundred people are now being confirmed dead. as the latest. operations continue here from the volga bank south with divers and other teams going out to try and recover more bodies from the sunken river pleasure cruiser the bulgarian meanwhile . today. day is a day of mourning huge crowds fountains of people gathered on the pier next to the river boat station in cars to show their respects to those that died in the sinking of the ship as a mark of respect ships were sailing the volga participated in

a blowing of their horns and a minute's silence followed to try and show respect for the dead. we went amongst the crowds and asked some of the people there what they were feeling about the aftermath of this tragic catastrophe. the most we study together for a year she never had arguments with anyone sure's a very kind girl and was always ready to help us to solve. or ambulance workers a colleague was in the ship she wanted a cruise together was family husband five year old son and also she was pregnant or was to deliver her second baby noticed she's not found yet only husband has to survive she into sunday i. mean while back.