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 the rocket motors is a publicly traded company warren buffett's one 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 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 led to the austerity measures imposed upon them for things they never did and debts they 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 terrorist 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 label 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 the icelandic economy is 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 our economy but keep your sobering to me your sovereignty what does 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 are you 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 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 aggressed. live 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 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 four not just to junk. spreads on irish debt food and irish begged to buy fridges to boost the economy so the eldon ten year bonds rose to

a 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 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 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 rescale

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 zynga gambling and they want to believe collapse. i guess i know the government can do this they can pass a law that allows people to cash in their dollars forgiveness this way you keep them in a bread 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. 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 or 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 hola 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 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 headline here melting ice caps open arctic for white gold rush scott walker for example he's using 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 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 across from greenland canada finland

they're all opening up their mining rights they're also so 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 all right well stacey airport thanks so much for being on the kaiser report thank you max ok don't go away much more coming your way right after the break. for the full story we've gone to. the biggest issues get the human voice face to

face with the news makers. the official placation. pulled touch from the. lights on the good. video. feed snow with the palm of your. t.v. dot com. welcome back to kaiser report time now to go to new mexico and talk with guy mcphearson professor emirates 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 worst of 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 that we're. can only suspect there is something else at work here climate change is underway and it is ratcheting up i don't see any evidence that this is not driven anthropogenic climate change and 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 how 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 and

it became clear to me then just over a decade ago that we had probably committed ourselves to extinction at our own hand i mourn for six months to the curious amusement of the three people who noticed and 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 and 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 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 the 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 spike on the. should 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 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're just we're just going to take the oil i think that's what been doing since the carter doctrine of the late one nine hundred seventy s. i think the less decent man in the oval office will be known by history for you

statement that was respect to the middle east or oil over there this occurred so i would argue we've been doing that for a generation or so and know that we're involved in six wars from this country primarily because those countries because 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 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 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 if you can tree's already abandoning the u.s. dollar at least trying to abandon the u.s. dollar as the reserve currency. transactions in other currencies. i refer to this relatively frequently as the titanic of people well smashing into the iceberg 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 in the 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 absolutely we're a global society though we're inflator fighter we seem to be showing after the next the next dollar the next barrel of oil in the future be damn 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 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 if university 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 its food from well beyond boundaries as essentially steals resources from other populations from other cultures in 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 over 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 you know solar pumps and hand pumps in and maintain body temperature and establish good relations are human is the big four for me for most urban 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 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 is monsanto monsanto parsons figured out a way to completely co-opt scenes and by having the scenes blow around and done the work for them and then. are seeing that currency as i like to think of it is in full training the scene stocks everywhere so carry on in 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 chemical of 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 a 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 purchased 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's tomatoes will we will be awash despite that in monsanto seed in g.m.o. jeanette in materials that were not really very happy with certainly no doubt just as we'll 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 doctors all right well 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 feds will 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 just this no doubt about it you know believe don't loosely defined schizm as the merging of the state. were were there

that's a good been there for a while. were there all right well let's keep the light on for me in case straggle on the nine arrives looking for say hello selter i could be myself . sure we'll do all right guy mcpherson thanks so much for being on the kaiser report thank you my except for she had the opportunity 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 blog nature bats last if you want to send me an email please do so at kaiser report r t t v are you until next time this is max kaiser saying by.

in india ability to move from a joint below to. the gateway to the grand imperial truly the toast was to. you can a letter to the socialist good to see don't need to go publicly and read this in

the kennel was toto as a treat. the first funerals for victims of sunday's pleasure boat tragedy on the boulder river are held on a day of national mourning across russia many bodies remain inside the sunken ship including children trapped in a play room when the boat went out. france's foreign minister claims the libyan leader moammar gadhafi could be ready to go away as paris seeks a diplomatic solution to a conflict they felt would be a simple knock out despite the french parliament back in the military operation and anxieties growing over the mission that was meant to last weeks and is now dragging into months. controversial wiki leaks founder julian assange returns to a london court to battle extradition to sweden over alleged sex crimes supporters maintain it's an excuse to hand them over to the u.s. where he's wanted for publishing thousands of classified military and diplomatic

documents. more on the julian assange extradition case coming up on the alona show stay with us. we've got. the biggest issues good voice ceased to face with the news makers. welcome the lower show we'll get the real headlines with none from mercy to be live in washington d.c. now and i will get details on julian assange just latest appeal from extradition to sweden what the chances are that he'll be getting sent here to the u.s. also take a look at the latest developments in the relations ahmed wali karzai being assassinated the u.s. cutting some aid from pakistan we're going to ask what all of that means for now longest war and a new piece of legislation in congress sounds like it's meant to save your kids

from child pornographers but is it really just a mask for a massive move to force i as these to record your data and take away your privacy julian sanchez is going to join us on that what we're going to have all of that and more for you tonight including a dose of happy hour but first let's take a look at what the mainstream media has decided to miss. now if you haven't noticed yet it's summer it's mid july depending on where you live you probably have at least another two months of warm weather to enjoy unless of course you live in california my former home and you get to enjoy perfect weather all year long and yeah i'm a little bit about not no longer getting to enjoy that weather but the point here is that it's summer and what do you know what happens during the summer it gets hot temperatures rise you should wear shorts drink water wear your sunscreen check your local news the weather channel weather dot com if you really care to get an exact update.