please. download the official t.m.p. cation on phone the i pod touch from the. video. copies mine comes and says feeds now in the palm of your. com. more news today violence is once again fled. these are the images.

from the streets of santa that. corporations are today. cars are welcome to the cars a report on stacy herbert hey did you know that slavery is once again completely legal status max this is our first headline here modern slavery the loss of innocence and there are twenty seven million modern sleeves according to free the slaves and this includes sex slaves child soldiers labor bondage and the interesting thing about this article here max in eighteen fifty the

purchase price of a slave in the southern u.s. average the equivalent of forty thousand dollars today according to free the slaves a slave costs an average of ninety dollars that's the pleasure cost of slaves going down so i answered quietly you got this huge slave trade bubbling up from the global economic deflationary nightmare it's all part of this global financial crisis well they're saying that you know the cheap cost of oil in transport has reduced the cost of slavery but also that huge demand for cheap goods as jewish and much of the slavery because it's a lot of it is child laborers throughout africa and china and in latin america and they're forced basically into working and now this industry is second only to the arms trade in terms of the black market it's thirty one point seven billion a year people should keep in mind that when those are who argue against minimum

wage that the market should set wages they don't take into consideration that the oligarchs and the plutocrats of the clutter krauts who run the system of course are always going to gravitate toward slave pay the reason you have minimum wage. set is because you need to defend against the tendency toward slave labor again you know these people say the activists involved here and they say that the way to stop it the number one way to stop this slavery of the twenty seven million people around the world mostly women and children is to reduce demand for cheap goods that will never happen wal-mart customers will never agree to that but max let's look at the how the demand for cheap money has actually ensley even more people who guard urges recapitalization of europe's banks so this is christine legarde head of the i.m.f. and she was speaking in jackson hole and she's saying that the european banks need

to recapitalise or else face more liquidity crunch she says that mandatory capitalization to bolster european banks balance each should be key to cutting the chains of contagion ok now you're not going to transition here from this idea of cheap goods cheap sex and cheap energy to cheap credit to cheap money which is leading to debt slavery which i would imagine is much bigger than twenty seven million people around the world and the gart the new i.m.f. . purse aleutian for the current crisis is to actually make money cheaper which of course is going to drive more slavery and make goods cheaper and all make the current problem much worse because after all she represents the kleptocrats of the oligarchs in the slave dealer cesar slave master one of the arguments that she poses for how european banks can recapitalize is to borrow from this new four hundred forty billion euro european stabilization fund so more debt but the new

euro stabilization fund starts off in debt it's bankrupt from day one so her idea is to borrow from this bankrupt institution which only means that the debt to equity. ratio for the global banking system is to be expanded the same way the glass steagall when it was repealed it expanded the debt burden when the commodity futures modernization act was brought in and expanded the debt equity bird would look are talking about is to expand the debt equity bird there's no other solution that you could possibly come up with because she's just an academic neil liberal wonk whose only purpose in life is to theoretically come up with new ways to expand the debt burden her solutions are absolutely and the fema to something that would be beneficial to anyone except debt peddlers of whom she represents well max is speaking of too much debt as well she also called for more aggressive policies on housing to halt the downward spiral of foreclosures falling house prices and

deteriorating household spending so again all of that is about more debt because house prices are too high which is why does too much debt for the american consumer and yet she's saying american policymakers need to put a floor under the price she's saying that the government should subsidize houses so they stop falling so that the consumer can take on more debt the banks of the consumer as steve king points out are already three hundred percent g.d.p. in there the american government is already one hundred percent g.d.p. in debt so again she is using a theory that she has a she cooked up in the back room of some classroom saying that well you know according to my theory. as you gain. to the situ as your. own cup a stroke it's the stuff of course because that's all she knows how to do she

is the devil in a skirt well max let's turn to one of her i.m.f. poster children and that's ireland families and modern ireland skip food to pay the mortgage so remember that i am. praises how obedience and quiet and on rioting the irish are but families in modern ireland are going without food in order to me the demand of mortgage debt and in spite of this the arrears and people unable to pay their debt is going up so they turn to a ib which is now a state owned lender and they have all these bad debts on their books all the mortgage debts and look at what their solutions are among the possible solutions being explored are inter-generational mortgages and debt forgiveness where a part of the loan is written off in return for the bank taking a share of the whole intergenerational mortgage intergenerational debt is indentured servitude exactly and that's that's what i'm saying at the top of the

show we're talking about the twenty seven million in the black market of slavery this is open that these people the entire nation of ireland their bonded servants feudalism that's what the i.m.f. represents a return to the middle ages a return to feudalism a return to being born into debt and never being able to escape for your entire life that's what things like the magna carta were about or various institutions that came out of the enlightenment look art is anti enlightenment she wants to bring back lords and monarchs an aristocrat sculptor krauts and put everybody on to a debt form a debt slavery model that's her model for growth well again at the top of the show i mentioned that there are twenty seven million slaves that now costs on average ninety dollars compared to eight hundred fifty s. where u.s. labor cost forty thousand now part of that reason was that they were own for life

the slaves and the american south now they're only bought for a few months a few weeks at a time and told they're torn apart not worth anything anymore anyway but even in jefferson i have one other reason is that cotton been replaced with synthetics which are petro chemical. the price of oil has been artificially low for decades and decades but now we see the reverse coming to us the price of oil is moving up to peak oil due to increased warfare which means icon's going to come back as a competitive way to manufacture clothing and people going to come down there in the south once again but remember also in the us south they were housed and clothed so here you have the banks taking ownership of these homes debt forgiveness is called but then repackaging the mortgage to be intergenerational oh they'll be housed in clothes all right it's called prism and this is the one of the biggest trends of the united states as the private prison industrial complex of america's

got the biggest prison population of the world they're already got there in the cotton fields so picking cotton for christie like art and a new plantation model so let's move on to here here you have i am opposed to children in our debt slaves for life either working on a radical plan for banks so it's only going to get worse it's going to get worse for ireland it's going to get worse for germany france italy spain all the european nations because the officials from the european central bank and european commission are considering offering central guarantees over certain types of debt issued by banks this comes on top of information that is now emerging that this european stabilization fund the four hundred forty billion euro thing and might be overturned by the german high court september seventh but in the meantime the european central bank has been taking all sorts of toxic assets in the last few weeks in spain and italy talian banks. but who's going to take the burden who's who are the debt slaves for that who has to pay off all these bad debts well they're going to monetize these bad debts the e.c.b. other tradition he would love not to be able to leave office having been the guy to

monetize that and turn the clock back on everything the bundesbank represents but it looks like he won't be able to escape without that mark on his reputation as the ultimate monetizing machine and of course this is again why the euro is going to be weaker against the only global currency that makes any sense gold bullion well she was the head of the e.c.b. and he and there was a battle between the bundesbank who are very much against this and this is why it's going to the high court in germany but you know when we have a slavery we often find liberation are and i want to turn to the fact that we do see liberation are happening and artists incendiary painting is his bank statement so the artwork in question is chase burning as you see the chase branch in van nuys california painted by alex shaffer is burning now he was out side the chase branch

painting this when he was visited by police. and they asked him do you hate banks do you plan to do that to the bank now aleksey for the artists responded the flame symbolized bringing the system down some might say that the banks are the terrorists you know i mean the cops are obviously harassing this guy and somebody made a good point of comments that hollywood movies to predict things blowing up all the time to show up in a studio and say are you planning on blowing up the things that you're depicting being blown up in your depiction of this oh i mean it's just harassment by cops they don't understand in america particularly in california that banks are terrorists that they are basically terrorist and their children are banking offspring of their joining it's created a new generation of terrorists just like we see in other countries around the world has nothing to stop the terrorism so they're spawning new terrorists and it's as simple as of yet but the same sort of harriet beecher stowe was met with the same

sort of shock and outrage by the community when she depicted in. so these are the same thing here's a guy who's painting the truth of the situation now gary kishner a spokesman for chase bank said his institution isn't sure what to make of the first part he said it's a situation we don't take lightly hopefully this is not what his actions are it's kind of scary you don't know what other people are thinking we have to look out for the safety of our customers and employees so here's a guy who's burning down the global economy in sleeves as we just saw all of these people in ireland who are starving to death they're choosing not to feed their children so that they can continue paying chase oh this artist is so revolutionary and so interesting that we're going to have mine our new saturday show oh yes. ok because a report this weekend with this guy this artist guy. he's not going to get it where actually he's going to get next tuesday show but next this saturday is our first edition of saturday edition max ok stating our thanks so much for being. thank you

max now go away much more coming your way after this stay there. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else and you hear or see some other part of it and realize everything you thought you don't i'm sorry welcome to the big. mission. couldn't take three. three. arrangement three. three. three.

video for your media project free media. dot com. welcome back to the guys that are. you know you can't have cheap money without cheap oil i'm not

a go. to blow me up. best of middle east history and author of chaos in yemen societal collapse and the new authoritarianism is a blooming great tabby in the studio it's great to be here monks all right isabella we've been discussing banking and terrorism in the first after tell us how these two meet in yemen well i would suspect there's a direct correlation between the kind of rise of personal indebtedness to private finance institutions that emerged in yemen starting in the late one nine hundred ninety s. and really caught on as a kind of plus possible resource for considerable profits for both local yemeni power holders stakeholders and the outside world banking world. and this is taking the form usually in the micro finance banking there's particularly successful banks as far as the outside investors are concerned in this operation called all the mobile inc which was given a reward last year for distributing over sixty thousand loans in yemen.

for of course what micro finance is famous for starting up small businesses etc etc but what's turned out is that many of the clients of this bank are not either paying back these loans or cannot pay back to some really cuts off right after a second and get into this like a financing for a second because we all know that micro finance was heralded as the solution for third world development famously they went in bangladesh where clients of grameen bank and they had a green bag yeah yanis want to nobel prize peace prize and but now it seems as though it's a trojan horse that it's actually just a way to use debt as we've seen it is many times before to create debt slavery situation so what which is kind of predictable first of all. second of all just could you do a bit of a digression here what's the story with the n.s.a. and grameen bank they seem to get pushed out and unceremoniously pushed to the curb

because he because the professional financial terrorists as i call moved in right now i couldn't really answer to that specific case but certainly in the case of yemen there was a major meeting last year the end of last year again this mall bank was given a big. reward from the islamic development bank from which a bank who all applauded the success indeed yemen is the kind of shining star in the middle east region ford is michael financing and again going back to the initial point is that over sixty thousand people or projects were funded over three hundred thousand people who are actually directly involved in this transfer at the micro. level of wealth to the so-called entrepreneurs in yemen but it's turning out there and directly. yes they have taken on this responsibility of repaying those debts spawning very interesting ways by these major banks in the language of

compliance with islamic law which is a very interesting phenomenon we see in the gulf in particular yet another quick. jump in here this is a very exciting situation because islamic law law doesn't allow usury and which is an interest and especially predatory interest and the way that they work around this is to capitalize projects in such a way as the stakeholders have a stake in a project which is amortized over time i guess you could say so now how do they get around that the last of the law has been corrupted by the banks as well as we got corrupt no laws all over the mideast who are a micro financing things you're totally in violation of shariah law is that what's going on we do have the moms who issue. who issued who declared indeed some forms of usury is acceptable according to our interpretation of islamic law which of course the one raises your eyebrows when this is happening but i have roused way up well i mean i mean i think jamie guy may interpret it in the qur'an in this way

but the emotions are supposed to be you know stick it to the to the plan here and like any industry which has their annual conference in many cases in las vegas you have similar kinds of gatherings of international companies as well as local companies our english is potential managers who will help manage and reassert and redirect financial wealth through the hands of the needy people of yemen has turned out to be like very much a trojan horse as you suggest and i suggest that a lot of the violence that's happening now in yemen is not has nothing to do with tribal alliances or the struggle over between al-qaeda or political party loyalties but it's the lives of people there. we've been affected by such kinds of interventions in what would they call in the i.m.f. world in the world bank and structural adjustments are actually causing significant structural. chaos in these kind of rule societies that have been targeted

they have wonderful assets so i'm sure particularly valuable and they're used to of course. uses collateral for these micro loans out of the assets and you haven't learned labor rights we have these kind of people who are receiving these grants who are somewhat responsible for the community and in many ways there's they're not powerless they were able to leverage some kind of. access to to the labor and the capacities of the community in order to gain political sustenance usually through this great because a kind of game in which locals are able to negotiate with the state for receive a little bit of rent from the state in return for compliance what is happening here is that the state is being replaced by these kinds of pseudo state institutions connected with the which are connected with the islamic development of the world and now they have we have these in entrepreneurs who have invested in the future of their community the land the actual land which is now being used for cash crops

like cuts. as opposed to food which is now being imported in large amounts or indeed water which is becoming such an important commodity in yemen now a lot of water because of course water is an petroleum industry and a gateway and where yemen might not be rich necessarily an oil gas per se but i've got the oriel which is needed in the region now let's talk about oil trading from arcadia petroleum have recently sued by regulators in the us for raiding the yemeni oil market bia their agent and yemen tribal leader on it tell us about the role oil traders play in the unrest in yemen and. this character of the tribal leader. lamarr is interesting enough a major player in domestic politics local politics and on occasion was in a lot of the saudi arabia and putting pressure on the regime way back in the

ninety's mid ninety's well into the post nine eleven universe in which you know has become an important epicenter of the war on terrorism which is very much directly so connected to the exploitive dynamics of global finance as what we just started to talk about with micro finance as well with oil yemen has suddenly discovered that its reserves has quadrupled since two years ago which means by end of october of two thousand and ten you had over eighty four companies converging on yemen seeking to gain extra access to these blocks expanding their current concessions. or indeed getting new concessions whether it's offshore online what brings arkady keyed into all of this is that they've been how it seems seem through this all a mother who's a very powerful powerful figure who sometimes is in government sometimes is battling a government for influence that they were he was used as the kind of guy who would

threaten other coaled companies who want maybe want to get into the business and and offer. was a term to use those who are these brokers are actually making bids on the oil that's supposed to be going out as crude to the global market market it kind of cornered that market in yemen and what's interesting that they're actually ain't paying at below market prices at one point just on august twenty fifth despite all these efforts by the united states government to go after this arcade which is a norwegian owned by some norwegian fellow based in london despite all the attempts by no states government to sue this company and somehow open up the yemenis. markets to other bidders also bidders american companies in particular they still go to contract and they purchase three million girl barrels in august twenty fifth of this year i did ninety three per cent discount from the current price of brant crude so that would be underlying story here the story i think we're trying to get

at is that oil gas business as a very capital intensive business and while the there was a lot of oil flowing in a lot of credit flowing these two things were hand in hand moving this relationship forward but now that if it peak credit let's say in two thousand and seven where credit is hard to get at you know the banking industry is collapsing so this is bringing to the surface really the nasty underbelly between banks and oil companies in the in these regions so they get to the big macro scenario here it's easy to see why a lot of people consider the bankers as the terrorists and that the folks that are caught you know get the press and the the wild man with the bombs and whatnot they're really just the they're not minor players compared to the bankers in the region the micro finance bankers who of course supported by the big money center banks global banks the mortgages the goldman is the world are really that nasty insidious destabilizing three terrorists and now that you've got the oil running

out the credit running out this is becoming more and more obvious so of course as it becomes more and more obvious there's a need to intensify the lie and we see this i think in places like libya where the control of the light sweet crude. is playing now factor in the region how is that going to is what the blowback and yeah i mean that's we've got about a minute left. yemenis are a little bit different because they still resist and the americans and the big players cannot find a reliable partner down there they would have removed the regime yesterday if they could like would ultimately decide it was with the resistance in libya i one point when they felt secure that they could actually back the rebels. that's when the nato intervention came that's when you start to see real troops russia lob skies on the ground really taking out libya's regime that you don't have in yemen yet and that's largely because there's people's with very strong communities who are loyal to their communities first and foremost and are not easily be bought out by this

kind of corrupting phenomenon so we in the world need to celebrate and embrace these kinds of micro struggles or with the larger global financial powers and i think yemen is a perfect example where there really is still a capacity demonstrated by able to resist this and only americans realize this it's only people in europe realize this and saw the example of the middle class in egypt who lost everything when the stock market crash they were convinced to go and take out their savings and so their gold and go buying the stock markets and they lost everything in early january that's why there was a revolution in egypt because people in the middle class could join the poor who were always protesting they could the fact they couldn't afford food the fact that they were not represented politically this is what's happening in the west you walk anywhere in paris and i think will sleeping on the streets you go drive to the highways from the airport to downtown you see all these tent cities outside this city where when is that when people actually come to come to the senses and realize

that they have to do what you need to do and they have to do what people in egypt trying to do successful or unsuccessful in history will tell it's a pretty constructive on at the moment terms of dealing with the influence of big banks they're struggling they're getting bombed by drones they're getting bomb by kind of special operators operations it's a tragic story which nobody covers in these terms but it is a resistance people are resisting here weapons of mass financial destruction they're resisting weapons of mass financial stuff all right it's a blow me that's all the time for we have thanks for being on the kaiser license and that's going to do it for this edition of it as a report with me or as they say however my guest is of let me he want to send me an email please just out. i saw a report that r t t v dot are you so let's start with the nice guys are saying.