do it for now for more on the stories we covered go to our t. dot com slash usa or check out our youtube page youtube dot com slash r t america you can also follow me on twitter at frowsy and christine for south so much for watching. they'll they'll they'll. they'll. they'll.

today violence is once again flared up. these are the images the world seeing from the streets of chatter that. the russians are all. 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 the policymakers from europe and 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 asama bin laden of vandalism on nine eleven or whatever did that and it's it was an act of terrorism moody's doesn't believe tritch or financial terrorists and they are purposely targeting these countries for destruction because they want their assets for nothing well portugal's new premier page. said moody's downgrade 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's one of the biggest shareholders they manipulate that stock price they manipulate their ratings they telegraph with a razor to 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 left in 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 trail you are a terrorist you are a financial terrorist to 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 the thing stopped portugal from creating the 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 fund capital reserves into portuguese debt and greek debt and out of us worthless to it 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 jell time none of them faced any criminal charges and because of this you see them able to hijack and hold hostage 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 the like little slaps on the wrist for doing anything wrong right well we have further proof that movies is committing acts of fraud and terror and that by slamming economies bouncing back after the kicked out the bankers and worth the upgrade well that's my next headline yeah max credit readers 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 what 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. . 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 a 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 round of debt default now rebuild your economy but keep your solvent to keep your sovereignty which is. 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 armin an economist at reykjavik based asset manager gala 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 it 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 here 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 the facade for the people there is no such thing as government in our world today no not in a club soccer city 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 junk. spreads on irish debt food and irish banks to buy fridges to boost the economy so the album tenure i respond to record amid increasing speculation that the nation's credit rating may join greece and portugal 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 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 in 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 cookie kratz and the syndicates who are destroying the economy well irish restyle sales are falling at more than twice the pace of the average in your region after the government increased taxes and reduced salaries for state workers by fourteen percent and 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 spiral in greece ireland and 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 sterile butchering they didn't revolt in any way and then when athens started to revolt in the street people in ireland are very proud of the. greek when they were 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 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 press a log. allows people to cash in their sink of dollars for guinness that's why you keep in 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 and 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 so they're paying thirty thousand dollars for these prisoners to do the work that's right this part of the global contraction and con flay ssion 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 cold 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 cost that we're witnessing and so his solution to the labor unrest is to put everybody in prison well next 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 destroying open casket mining operation because the earth's

ecosystem is dead this reckon 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 have on your melting icecaps open arctic for white gold rush scott walker for example he's in prison gulag they're 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 they're also for smaller entrepreneurs going up there they find no ice they're 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. they are 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. ok don't go away much more coming your way right after the break. the first tree removal called the clear cut. second explosives are used to blast a deeper than the fury of. earth the remains are removed and. finally easy for the soil is deposited in vallecito.

on a. mission. couldn't take should treat in store charges free. arrangements of three. three stooges free. old free books clothing videos for your media projects a free media gun to our teeth on tom. welcome

back to kaiser report time now to go to new mexico and talk with guy macpherson professor amorites us of natural resources and ecology and evolutionary biology is a 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 worth 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 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 into question of 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 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 but ten years ago i was editing a book on climate change it was my most conferences assessment should a point you know and it became clear to me this just over a decade ago that we had probably committed ourselves to extinction of our own him

mourn for six months to the serious 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 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 you know way for more significant than 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 led to what they call the group recession which i call the great depression i don't think we 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 know that the u.s. department of defense consumes roughly four hundred thousand barrels of oil a day or something in the order of two hundred thirty million dollars worth a barrel of barrels of oil every day while the time come when they simply declare force maybe your and say we're no longer interested in price discovery and free markets we just we're just going to take the oil i think those who have been doing since the carter doctrine of the late one nine hundred seventy s. i think a less 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 there's a third are so i would argue we've been doing that for

a generation or so now in that we're involved in six wars in 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 done which is the arctic. other countries for their materials now going forward from the carter period through the great expansion. 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 the same time two thousand and two two thousand and 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 see if you can freeze already abandoning the us dollar at least trying to abandon the us dollar as the reserve currency transactions and other currencies. refer to this relatively frequently as the titanic of people will smashing into the iceberg u.s. debt. the interaction between those two really big deal that is being ignored marginalized covered 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 absolutely the global society does. we're in flight or fight our way we seem to be going after the next but next dollar the next barrel of oil in 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 via 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 with universe where as on 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 in tucson as the classic example of a big city in a 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 over for well beyond boundaries a city essentially steals resources from other populations from other cultures in from the future just a survivor. 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 over the last five years for me to. just talk about the costs and consequences

of industrialization and continue to live there at the apartment so i could no longer live in those two worlds finally i just had to exit in our head and 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 crane grow all of our own food generator water from running water harvesting you know solar pumps and hand pumps. and we maintain body temperature and establish good relations are human it is a big four for me for a start a little 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. you know i'm a 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 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 is figured out a way to completely co-opt seeds and by having the seeds blow around and doing the work for them and. there see the currency as i like to think of it is in full training the sea stocks everywhere so very 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 do it is one when chemical owes the evil monster that the industrial global. society has become.

controls are seeds and therefore bigger g. poisons our water air controls the 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 us and also many of our neighbors is relying on heirloom seeds so we are just a bunch of heirloom seeds and we're going see just see with our garden. so we save the seeds from this year's tomatoes for next year tomatoes will we will be all washed despite that in months into the sea in g.m.o. you know in materials that we're not really very happy with certainly no doubt just as we also be. profoundly affected global climate change just as well be profoundly affected by economic collapse but there are things that we don't have any control of we're trying to control things we do have control over working in this community

and the other parts you know you wish for the best. but there's still a lot we can do about some of those tactics 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 and 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 and therefore out west 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 little bit just said no doubt about it you know going into a loosely defined schizm is the merging of the state. as it were were there was a group in there for a while. just like were there all right well let's keep the light on for me.

straggle on the night arrives looking for say seltzer i could be myself. well do all right guy mcpherson thanks so much for being on the kaiser report but if you're my ex or appreciate the opportunity 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 in his blog nature bats last if you want to send me an email please at kaiser report r t r u and so next time this is banks guys are saying but. first we were in the. clear cut. second. there used to be in the queue. to remain serving.

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