the phrase that is meant nothing people are saying he sees her mother no she says she's a learned stock. a . loan comes with a one hundred sixty splash in the world of hi-tech business what turns events science into i ching products they don't understand. these is going to be followed russian invaders to keep your bidders abroad and their big break through back sunlight on stone unsettling updates here. we've got the future covered.

more news today violence is once again fled zero for these are the images the world has been seeing from the streets of canada. shining corporations are the day. the mother.

guys are on stacy herbert this is the cause or report gold saluting the world economy breakdown stacey tell us more max that's our first headline there gold gives a standing ovation for the obama boehner masterpiece of political theater so we've seen in america the political kooky theater getting crazier and crazier but this is the important thing is that how gold responded and obviously always a deal is going to be done right we knew that but we have always told everybody that gold is responding to this collapse in american empire yes it is responding it's responding to the collapse and running it's a response to the collapse and the american empire exactly they had a great run after world war two but now it's run its course and now it's awful on

your part and all the satellites that rely on the u.s. for their largest and all those military contractors and client states and part of states got all that free money from a corrupt popper so you know america they're all being killed and then they want to throw money buying gold and silver the price keeps going higher and this will continue because no amount of growth will support this amount of debt it's impossible to not the magically impossible there's five hundred trillion in debt out there in the stores ten planets worth of earthlings slaving away twenty four seventh's they'll never be paid back and the other important thing to note here max is i really believe that this political theater is at this point the only thing keeping the u.s. dollar afloat it used to be backed by gold and then it was backed by oil and i guess the industry and productivity of americans now all those other things are gone right and all you have is political this. the theater to make people think

that there's actually something there well you know the stalling because they're hoping that at some point growth kicks in which it hit peak saturation of debt and two thousand and seven and no amount of accounting fraud or trickery or bernie made off high quality scheming to rejigger the books so that you've got any amount of growth to satisfy this amount of debt so you're talking about collapse all over the world as a global that lumps that's what we're talking about but speaking of wacko insane you know political actors political leaders and alice's indebt rao hints of emerging economy crises so here's reuters they look at the us and this silly brinksmanship in the crazy fighting that goes on over nothing debt default a ratings downgrade political deadlock such terms once associated primarily with the developing world now abound in the mighty united states i would say it was the once mighty united states and they interview a policy

a foreign policy expert who says attend a lot of meetings with latin americans and we used to complain to them about the problems they had and now they like to say to us that sounds just like the u.s. right well look at countries like brazil for example they've got out from underneath the i.m.f. oh pression economic pressure and now the economy's doing great but the us how are they going to escape financial oppression from the banking terrorists how are they going to scale the likes of a void one following or a jamie diamond how are they going to get out from underneath that well the other thing that you saw with these military dictatorships throughout latin america the banana republics is the reason why they were banana republics is the chiquita banana company right they were actually corporate occupied. none of the countries of latin america had anything to do with running their country for real which left them just with play acting like a crazy prince where the real. country and all the economy and all the wealth was

taken by kita and other corporations like coca-cola so there was nothing there but for them to pretend that they were ruling the country and they acted very crazy united fruit i believe was what originally when they moved and they occupied those social american a latin american countries and they got such a grand exposure to such toxic militarization of those economies in the slaughter of folks and killing of union members of they had a rebranded chiquita. we kill less union organizers it's a kid a. union organisation is going to be slaughtered well let's look at these videos to see what america might look like the next throughout the next time a deficit ceiling is hit here's india's parliament you see a nice we're all there let's turn to the punjab parliament. and then just for a little diversity here max we're going to turn to afghanistan and here's two women busting it out in the floor of the afghan parliament so i think this is the next

step the tea party female mother sling with michele bachmann and other sharks and once again with the glasses bachmann and sarah palin to get those two in the mud money rustling for votes so i vote for ok let's move on to some serious stuff here looks talk about what is going on for the banana republic is the nation of america and the biggest corporate occupier is the banks and this is our headline here max the fed bought it so this is from senator bernie sanders website he was responsible for inserting into the wall street reform bill last year a clause which demanded one time audit of the fed and that is out and what they discovered is that the federal reserve lent out emergency programs a total of sixteen trillion dollars to u.s. banks foreign banks and corporations like g.e. and according to the report however there are two very important points here the fed provided conflict of interest waivers to employees and private contractors so

they could keep investments the financial firms that they were bailing out they mentioned jamie dimon as benefiting from this clause that sat on the board of the new york fed and bailed out j.p. morgan and then the fed the investigation also revealed that the fed outsourced most of its emergency lending programs to private contractors many of which also were of extremely low interest and then secret loans jamie diamond dropped on his head as a kid oh what i mean here's a guy who's given billions of dollars total exemption from accountability and then he loses that they give a few more billion dollars he makes a few bucks ok that's true but compared to like a real player out there somebody like an oligarch and one of these other countries he's a pusher. the scope of the guard was. a problem with you know why you're buying his presentation this is a member it's theater max and the theater he's claiming to only make a few billion

a year and he's just a poor schmuck who doesn't know what he's doing he's trying his hardest but in fact these guys own everything they've taken control of everything he could have he could be worth five trillion who knows because it's a black hole of not accountability j.p. morgan is the biggest fed bank and they're pretending they outsourced it the fed it is j.p. morgan so the pretending they go we outsource the these emergency lending programs to j.p. morgan and they're having to say they outsource it to j.p. morgan to hide the fact that the fed is j.p. morgan ok so grandson of one time one of the yes and there's no more oil coming there's no more oil to come and in the long time order we discovered that there was massive fraud on wall street jamie diamond did morgan the whole group massive fraud . continuing on this theme of profits he brought up corporate profits a boom in corporate profits a bust and jobs so now that we're officially eighteen months out of recession try

to tell that. yeah we're this is a banana republic and this is something like papa doc would have told us or or khadafi you know these are the same sort of statements they would make yeah we're out of recession anyway all of the alleged growth that has happened only one percent of it has gone to wages and salaries only one percent of that growth is spent fifteen percent fifty percent and twenty five percent in the previous three recessions by contrast corporate profits accounted for eighty eight percent of the growth so this is clear banana republican isn't the one percent of the circle going to prison guards. and the corporate profits of course they are staying within the corporate spear if you will because that one two percent of the top elite are and have engineered essentially a sluice way directly from the fed and wall street into their pocket bypassing the general population and again you have this bifurcation of society this class war developing and the beautiful part about it is that people in america are so drugged

up on thorazine other anti-psychotic drugs i don't even know this now they also mention this article that corporations have one point nine trillion dollars in cash but are reluctant to spend it and they speak to the caterpillar c.e.o. doug older hellman and he said the reason they're not spending is lack of clarity on us deficit reduction plan trade policy regulation much needed tax reform blah blah blah but the important thing here he says the absence of a long term plan to improve the country's deteriorating infrastructure does not create an environment that provides our customers with confidence to invest so here's the c.e.o. of caterpillar who is you know these are one of the guys involved with the business roundtable involved with the american chamber of commerce that lobby to make sure that people are so stupid that they associate any sort of plan or action on behalf of the the citizen that's marxist and socialism so here they've they've created this environment where you have the lappie did like bombed out infrastructure that

looks worse than any morocco or any app in north african country it looks worse than that plus they've got a lot of those caterpillar tractors in places like palestine running over folks like rachel corrie so that's the fly thing their attention from doing anything positive for their own country is well yeah but let's talk about the u.s. here because this is what we're talking about the important thing is the u.s. is collapsing and there are a lot of political things that they do all over the world but the fact is america itself is looking like a big giant ghetto and wherever you go whoa that over social of america the weather is probably a stunner daedalus chicago did. roy probst i was just saying group of corporations caterpillars are enabling getafe occasion in palestine sleeping in detroit because you got a minority of c.e.o.'s who take all that money from the government put it in their pockets and they claim that while there's a lot of infrastructure there to spread around amongst the population because earth called for building infrastructure and they are building infrastructure because we're talking among themselves how can both be possibly construed as

a representative democracy we've got insurgents to you i'm stealing money wholesale and i'm claiming that they can't possibly distribute them because of the money to do so deeply. and finally max for the entire picture of a banana republic so they were been fighting over this deficit right eleven stunning facts about america's prisons prisons cost america six hundred billion dollars per year compare that to medicare is four hundred fifty two billion per year medicaid which is medical care for poor people that's less than two hundred seventy five billion so us prisons cost six hundred billion to the taxpayer between eighty seven and two thousand and seven the national prison population tripled seven hundred thirty four out of every one hundred thousand americans are behind bars in the us far and away the highest number in the world and typically parole programs cost taxpayers seven dollars and forty seven cents per day per day while prisons cost seventy dollars and ninety five cents per day per inmate nationwide

which is more than the minimum wage so taxpayers are they're willing to lock up a huge percentage of the population one in nine black men between the ages of twenty and thirty four are in prison they're willing to spend more than the minimum wage to keep these guys in prison. in fact as the next election cycles coming up the only way to get in on that take it on the republican party is a promise to lock up more so more cost this is never an issue that's ever raised as a way to lower the deficit and other building more and more prisons and what according to the used to build the prisons oh caterpillar. i guess are available to build prisons but not bridges maybe that's recent explains their statement that you need more infrastructure their infrastructure could be prisons or prison or slight labor well that's the stock i got out of me by both hands thanks him or thanks so much thank you max thank go i was are coming right stay right there.

be official. called from the. register with the palm of your. credit three. three. three. three. three. video for your media drug free media oh don carty dot com.

lead. welcome back to the kaiser report i'm max kaiser time now to go up to canada and speak about stefan molyneux of the freedom a radio dot com stuff on a welcome back to the kaiser report thanks max great to be here so stuff on live the u.s. . percent thinner of the absurd and on the brink of chaos every leader of the free world is talking about more debt. ceiling and euro tarp plus the semantic games of the us what is going on well china says or at least a private chinese rating agency says or makes the argument that the us has already

defaulted through devaluing of the us against other currencies and that has been enormous and significant just over the past ten years the us dollar has lost forty percent or more the dow in its real returns since new year's day two thousand has lost almost thirty four percent and so what's happened is a devaluing of the dollar against other currencies that as we know is a result of two things which are closely related to u.s. debt the first is keeping interest rates artificially low and the second is just printing money and how is the thread printing money but as we all know there is a need to buy or have bought over two trillion dollars of u.s. debt and they've become pretty much the entire holder of the u.s. mortgage industry and so if you're paying your visa with your master card it's pretty clear that you have already shown that you're unable to pay your debts that the u.s. is functionally in the fall that just has these federal reserve tricks and shenanigans to prop up the beast a little longer and so what everybody's talking about are minor tweaks you know it's as they say arranging the deck to chairs on the titanic and long after the

iceberg was hit now you talk about the rise of the debt versus growth and going back a few decades the amount of debt that was increased would generate some appreciable growth in g.d.p. going back thirty or thirty five years you had a dollar of debt you got a dollar's worth of g.d.p. growth and then as the economy began to suffer from overindebtedness and as the banks started to crowd their way into the general economy the real economy it took seven or eight dollars of debt to create one dollar video pay and then around two thousand and seven two thousand and eight you had this debt saturation level where no amount of debt creation will ever. create another unit of growth because you can't you know put ten pounds of garbage into a five pound garbage bag they just can't absorb more debt so this message seems pretty clear that absorbs more debt so why this policy makers and says exactly this problem like i'm talking about you know paul krugman of the new york times famously

his solution is to add more debt how why they keep talking about this no more room no more debt well look expecting sane fiscal policy out of the federal reserve and state sponsored state supported economists like paul krugman is like expecting gambling addicts to suddenly walk away from the table what is the only solution that the government has when it faces a crisis caused by its own corruption and decadence and thievery double down baby double down double down that's all it can do is continue to do the same thing now i think it's important to remember that the political class like the ruling on the darks they're fine i mean they've got their holdings probably in swiss francs in gold and they're all set they can do whatever they want it's the average person in particularly the poor person in the retired person who is going to face the real calamity when this mess hits the fan so they better sort of secure they've got their escape hatch they've got their golden parachutes everybody out so they can continue to mess around without any particular fear of their own finances going in the toilet are you imagine double down double down and i mean they got me thinking

of the martin gal betting system are you familiar with the martin gal betting system i am not ok martin gayle betting system is the gambling system where you go to the roulette wheel and you bet on red if you lose you double up and if you lose again you double up and you keep doubling up on every bet until you've actually hit red and then you make a lot of money and the problem is you go broke before you hit red now on wall street they engage in this martin the operating system because the money that they get to make the bets is free from the federal reserve a zero percent interest rate and they never have to pay out money they're losing bets meanwhile. well the average person is in the stock market any time they suffer a loss they actually have to suffer a loss show you've got this magic you know a proposition in the investing world where people are saying well there's a lot of opportunity in the stock market but it's different if you are wall street and you have unlimited credit and you never suffer

a loss so why do the average people out there whether it's canada america or anywhere else in europe why do they insist on always getting the short end of the stick either they get the worst rates on their credit cards they get the worst gambling percentage in the stock market they get the worst jobs or get the worst of everything why are they settling for the worst of everything well i think that most people are very afraid i mean this is going to be a long term historical perspective but i'll keep it short most people are very afraid to change the fundamental social order and what we're talking about here is a fundamental social order that is much closer to fascism than it is to the free market you do not have a free market when government controls the currency you do not have to mock prosy when government controls the currency what you have is a bribe ocracy where government prints money and steals from the unborn in order to bryde voters for power in the here and now so the fundamental system has to be gotten rid of you have to get rid of government control of currency currency has to

be privatized that way you can't run deficits you can't fund these god awful wars with fear currency and debt and the whole system is going to change fundamentally you have to get government out of currency and you have to get the government to stop manipulating the market with interest rates we all know that the reason that we government is driving down interest rates so much is to bribe its friends to give them basically free loans at the taxpayers' expense and also to cut down its own cost of having to repay its debt i mean if the government had to repay its debt of any kind of reasonable mortgage loan we would be in default already so fundamentally you have to change the system and it has to be a fundamental change in the system people are afraid of that so. times it goes the american revolutionary way sometimes it goes the russian revolutionary way or the french revolutionary way and so people are very scared they're just going to kind of how it all and hope things blow over and hope things get better as they have in the past remember bailed out the savings and loan banks in the one thousand nine hundred eighty s. bailed out long-term capital management in one thousand nine hundred eight the bailout to be going on for

a long time people think it's going to get better it's going to get better this time it's just not and until people realize that they're not going to get off their couches stop watching t.v. take to the streets take to the blogosphere confront their neighbors with the false sense that they believe until people recognize that the system is dead down and buried they're not going to really advocate for change it's taking a while for there to sink in for people right now are savings and loan crisis was bailed out also fifteen hundred bankers went to jail long term capital management not only did not bankers go to jail but greenspan lowered interest rates thus having savers and retirees subsidize the bell out and they got payments for a few guys in greenwich connecticut and when you talk about the stealing from the unborn course i've always my contentions r.'s bear that this is why the tea party is against abortions because they need new products to inherit the debts and to. go to prison and let me ask you this the prison system in america cost six hundred billion dollars a year is a possible that

a small government in the highest prison population in the world other than what i just mentioned at the tea party need to justify their religious extremism well the tea party the prison system has become just another handout it's become just another subsidized industry which is one of the reasons why you can't get rid of these crazy ridiculous laws like drug laws and sarbanes oxley and all of these regulations which add up to precisely nothing people say all of the current crisis report about by deregulation when regulations vastly increased under the bush jr presidency so you know the prison industry and the prison industries counted in g.d.p. of all the insane things the key. in g.d.p. you can't people getting sick in g.d.p. you can't the prison system in g.d.p. this is complete nonsense i mean you can only punish us because the people in prison are working for sixteen cents an hour and what the prison builders and operators are making fabulous wealth on the stock exchange so they're saying this is economy is growing yeah because you know slave labor is such

a positive aspect of capitalist economic growth of course you'd want to count that i mean it's the statistics are completely meaningless we're living in this sort of pravda house of cards you know like the soviet statistics their five year production plans that are going beautifully i mean this is all complete nonsense we're living in a propaganda delusion and it's not going to take long for this to were to come crashing down and for people to wake up the only danger the only danger max and it is a significant danger which is i think why it's so important that we take to the airwaves and yell the truth as much as humanly possible the great danger is that people are going to think that freedom is the problem the problem is coercion the problem is monopoly the problem is the violent counterfeiting of currency the selling off of people's future through the coercive power of the state it is violence that is causing all of these problems it is not peace it is not trade it is not property rights it is not freedom and it certainly is not the free market right now talking about counterfeiting said had

a little audit thanks to bernie sanders they revealed sixteen trillion in a loan as they were made to foreign banks and j.p. morgan goldman sachs and jamie dimon got exemption as far this bailout money and loan program to add to other nefarious activities even falling at sixteen trillion dollars bailout figure and why would it is america so concerned about going out these foreign banks unless of course america reports to foreign entities i think america as a whole is pretty clueless about the fed it's really complicated it's pretty abstract and of course it's the last thing they're going to teach you in government schools and government schools they can teach you how the government and its flavor . free and the government saved us from our system in the great depression and the government helps the poor and the sick and the old you get all that propaganda you're not going to get the actual basis of government power which is counterfeiting and fast so yeah it's monstrous and what is truly astounding about this is the way they're handing out these waivers for conflict of interest c.e.o. of j.p. morgan chase served on the new york fed's board of directors at the same time that

his bank perceived almost four hundred billion dollars in financial assistance from the thread william dudley now the new york fed president granted a waiver to keep his investments in a.i.g. n.j. and general electric at the same time that they've given a bailout funds and the reason that the fed gave for not making this guy sell its holdings is because they did not want to create the appearance of a conflict of interest i mean so it's ok to have a conflict of interest you just don't want to create an appearance of it the fed outsource all almost all of its operations for these emergency lending programs to private contractors j.p. morgan chase morgan stanley wells fargo the usual suspects these guys all got trillions of dollars in fair loans at near zero interest rates and two thirds of these contracts were no bid contracts morgan stanley got a one hundred billion dollars to help manage the fed bailout of ai jeep it was rightly this is complete peak feeding shark attack trafficking at the taxpayers' expense and it just shows you that the government doesn't have rules the government

is an exemption from rules it is an exemption from the rule of theft through taxation it is an exemption of the rule of counterfeiting for the federal reserve and it is an exemption of any reasonable rules of conflict of interest by just handing out a get a waiver or get away for your fine if in fact it's our lot one last question finally the latest poll saying that ron paul could possibly beat barack obama in two thousand and twelve is it too late for ron paul has promised an affair i.r.s. cia foreign military bases etc yes i do know that if you let me give you a short answer then a very slightly longer one which is that i think we have talked a lot oh i know very quick don't go anywhere near the government do you don't want to be promoted to captain of the titanic after the ship is just about to go down because in all anyone will remember as a libertarian was in power when everything went down it was discredit freedom for another thousand years so i say stupidly of the mess stand back speak the truth don't get involved. all right stephen molineaux thank so much again for being back on the car is a report at thanks all that's all the time we have for this week oh the cars the report with me max kaiser i want to thank my guests stefan molyneux if you want to

send me an e-mail please this at kaiser report at r t t v are you at all like sinus and nice guys are saying why are. the official. i pod touch from the dumpster. like. the. old girl. says feed now with the palm of your. on the. heat.