it was the beginning of a vicious circle where the revenge would take more innocent lives and would start a new wave of terror i'm going to check our reporting from washington art. but we'll be continuing our special coverage of the ten year anniversary of the nine eleven attacks over the next few days and as our special report discovers on friday the author of a set of war the price of america's so-called war on terror many afghans don't know what the war is all about. in this province think. it's. going to see. if i just got here it wouldn't surprise everybody you know for six months and this is the story just. i was back with a recap of the headline shortly but first business news had to make.

thanks to hello and welcome to business and see you pipelines are sprouting across russia the other side of the country from the north stream the gas pipeline for rights a new os reads the markets in asia business are things that can click over there. this land is surrounded by some of the most adler jihan green nations in the world consumption in places such as south korea or china is growing rapidly offering great opportunities for gas problem to cash in especially now as it has loads of gas close to the region and read it to be exported this new gas pipeline which wanted to move putin is opening rods from frack really into large of us thought it is able to supply thirty billion cubic meters of gas annually but the russian seizes the round here we have just a tiny part of that and that's why gas probably is desperate to find buyers for its extra gas and isn't talks with several contras might it's not all so easy at the moment stocks with china are dragging over prize and possible supplies to south

korea are complicated by risk in transit through north korea not for their reason not projects so made use of the far east and gas it is an alan g. plant and lots of us talk gazprom is considering building the plants with japan's a total corporation and if it's on stream in five years as planned the gas from here major shipped to the world's biggest challenge you consumers south korea and japan. because history between russia and ukraine is getting a new twist here says it will explode the excess natural gas it has to buy oil from russia in europe ukraine is fighting to renegotiate gas contracts included in terms of nine hundred is the zero ukraine has to buy thirty three billion cubic meters of gas and this will lead to a surplus of six billion next year if exports they will reportedly cost us from around two and a half billion dollars gazprom says the current gas contracts are still in force

but has yet commented on ukraine's move. russia's top lenders burbank has bought the b i the east european arm of austria sports bank the final price could range from five hundred eighty five to six hundred forty five million years depending on p.b.s. performance by the end of the year the head of burbank sees the acquisition as the bank's springboard for expansion in europe under the agreements books bank will also provide my bank with a five year funding of five hundred million euros. nash's online retailer was on dot ru has raised one hundred million dollars for funding and this money will be used for expansion and that includes developing postal services in the country the funding is the largest foreign e-commerce company in russia investors including existing partner room that and major japanese online retailer rakuten part of the cash will be used to bolster russia's shipping system by developing all zones no

network retailers grow thirty six percent of first half of the year so considering an i.p.o. . and that brings us nicely to those markets first of all to commodity markets wall is down after posting significant growth in the previous session that there's weather conditions in the mexican gulf still far from being calm with more tropical storms coming to fratton production have been right now light sweet bread down thirty cents europe has reversed into positive territory ahead of obama's speech and is expected to hold rate hikes mining giant glencore is up more than four percent as metals are seeing an upswing and world bank of scotland more is in london also up more than four percent. of sentiment in europe russia continues the ball run from wednesday with marginal gains though r.t.s. up twenty one percent my six just one quarter of a percent we take a look at the main movers on the mice you'll see that as burbank is one of the strongest performers after this announcement the deal with. up one half percent

lukoil is down one percent. as oil prices are treating a noise nickel is positive as there's a lot of talk that there will be a premium to the market price when if and if your nickel goes ahead with the share buyback. rushes and the monopoly regulator will give the green light to the merger of the nice x. and r.t.s. stocks exchanges according to sources cited on interfax if you left our concerns and this is a known terrorist for traders joint company already plans to carry out an i.p.o. in twenty thirty. and the monopoly authorities in russia cracking down on big oil firms in order to restrain fuel price growth in the country they've introduced a bill banning producers from adding new filling stations in regions where they already dominate the market there is a breach the proposed law will have to restructure and sell unknown core assets the head of the other monopoly service is promising

a new wave of court cases to try and force competition meanwhile prime minister putin has ordered the development of more of the incapacity in russia's far east to overcome fuel shortages. and that's it for me can join my colleague marion of course us will be here in around fifteen minutes time to bring in update the headlines the next ninety.

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welcome back these are the headlines in our t a sports team of parishes in a country mourns after wednesday's plane crash in the city of yet a slob who kills forty three including members of one of russia's top ice hockey teams the tragedy also touched other nations as players for many countries are on board all the way to bella ruse for the first match of the season. museveni of senses condolences to everyone connected to be honest talking team of his keynote speech at the global policy forum in get a small russian president also visited the disaster site where he called for a drastic overhaul of the country's aviation industry. and the british government is under fire for stopping an inquest into the death of weapons expert david kelly

who insisted iraq had never had weapons of mass destruction if the cause of death of suicide was again that being questioned by doctors and up next is the cause a report here on our t.v. stay with us. max kaiser this is the kaiser report let's talk about market schizophrenia that's right and market collateralized schizophrenia obligation dawns are they in the offing they say you haven't talked to me talk to me yes it's austerity measures one day stimulus measures and the next i.m.f. global economy faces a threatening downward spiral this is christine lagarde the new i.m.f. chief and she says europe needs to take its foot off the fiscal brake and shift to

growth intensive measures and told the danger has passed insisting that germany has leeway to stimulate demand right so she's saying no austerity measures are bad for the west it is well this isn't that the i.m.f. just recommended for greece austerity measures that's correct i'm not sure she includes them in the west well but the prescription that john f. is offering is it's a from ik they should just offer schizophrenia back bonds and float those on some global exchange that's pays off on how schizophrenia the i.m.f. can be that's right well it is also the story of this ongoing story between savers versus speculators and as the article points out her comments are certain to cause fear e in berlin where the i.m.f. is viewed as an agent of keynesians and french mischief mrs le guard was french finance minister until two months ago well you know germany is sitting on a pot load of money and all these other countries want in on it and of course the

germans are savers the french are profit spenders and they want germany's money as do all the other countries but germany is the same. or don't take germany's money well remember it's all out war max and in fact that's in my next headline all out war bankers versus everybody else so we know christine legarde is now in agent for these bankers of course and that seem tell it is pointing out that for the american economy and for many other developed countries including all of europe the elephant in the room is the amount of money paid to bankers over the last five years in the united states the sum stands out in astounding two point two trillion dollars yeah and i just saw a story the c.e.o.'s of all companies in america and bankers are lobbying

washington to pass a new law that would make it so that they would not have to disclose their pay and bonuses to anybody no regulatory authority not that the f.c.c. just can keep all that information private how they're raping and pillaging not just their bonuses the actually their income and this was in the washington post where they were talking about break away well and they're saying that this is just the wealthy at the top point one percent and ninety nine percent of americans think they're part of that but it's really only point one percent but they're becoming wealthier by taking the wealth from the rest of the population as not sam to lead point out over the next ten years you're going to see at this same rate if you extrapolate this rate of wealth of bankers are taking it's going to be another five trillion dollars over the next decade that five trillion dollars is not money invested in building roads schools and other long term truck projects but is directly transferred from the american economy to the personal accounts of bank executives and employees i think you should really take the other approach that

when the c.e.o.'s and bankers are caught raping and pillaging stealing money as they're doing they should have to go door to door in the neighborhoods that they live and tell their neighbors that they are serial financial terrorist offenders this is a serial financial terror. under law but of course the way to fight this financial war is in that image accompanying the story and that's max keiser silver bullets crash j.p. morgan buy silver and with it along with these precious metals that takes a citizen next headline in this financial war this ongoing financial war china knows that the u.s. government and its allies in western europe strive to suppress the price of gold and the u.s. government knows that china knows according to a two thousand and nine cable from the u.s. embassy in beijing to the state department in washington so this was one of these wiki leaks cables that were just recently released and in it the us ambassador is stating that listening to the radio report from the radio which quoted china's

national foreign exchange administration they know that the u.s. and europe of always suppress the rising price of gold they intend to weaken gold's function as an international reserve currency china's increased gold reserves will bust act as a model and lead other countries towards reserving more gold large gold reserves are also beneficial in promoting the internationalization of the room in b. and america. is always promoting a stronger china saying euro currency manipulator groceries or friends of dollars and other fia nonsense china saying well you're a gold and silver price manipulator who's going to win the battle gold versus. well it also brings into question because this cable was written in april of two thousand and nine and you and i were at the buddhist bank in march of two thousand and seven and at that time we asked the german central bank whether or not how much gold china had and they reckon china had more than they than germany did and

germany has over three thousand tons of gold you know officially china only claims to own a thousand tonnes but by this report you would it would suggest that in fact the bank was correct in saying at the time in two thousand and seven. china had more than three and a half thousand tons of gold well i'm going to repeat that because it's really strange to have an exclusive when we were at the bundesbank they told us officials after bundesbank in berlin that they believe china have more gold than germany does which means that they would have more than three thousand tons not the stated amount of one of the thousand tons and that was three or four years ago it was an employee it wasn't an official but it was somebody who said that they obviously have no idea but they suspect that they have more of that china owns more than germany and of course they are the biggest gold miner in the world this time and they are keeping all that to themselves so as this international financial and currency war escalates here's another headline wall street prepares for war.

yes that's an image of lloyd blankfein wearing camouflage and aiming a pistol this is referring to the financial housing finance agency the f h f a who has filed the lawsuit against seventeen banks including goldman sachs j.p. morgan society general credit suisse barclays and a few other banks but. that's my question here is this just a propaganda war because it's only a civil suit it's not a criminal suit nobody will do any time for this they'll be a fine paid we already saw at the top of the show that in agent the armed wing of the international bankers the i.m.f. is basically threatening that the whole system is about to collapse if you force these banks to pay the two hundred billion dollars and fraudulent asset backed securities that they sold to fannie mae and freddie mac. well you know the goldman sachs response will be to threaten to crash the u.s. economy again using high frequency trading trading market manipulation that's are

that's what they do they exchange in a basically captive as part of their hostage taking of america and that they threaten to collapse if this investigation goes any further than what the h. a should do is that they should gather bunch of hedge funds together some friendly has rather create a few songs of your own to suit you have to do and they should make it short so goldman sachs start down to zero listen let's go to the next story because i'll tell you i'll prove to you that this is just a fraud max an f h f a is not having any intention of doing anything to harm called and sachs because they are the same they are j.p. morgan sub prime mortgage bonds getting aaa rating s. and p. denies to u.s. treasuries so standard and poor's is giving a higher rating to securities backed by sub prime home loans the same type of investments that led to the worst financial crisis since the great depression then it assigns the u.s.

government now these aaa sub prime mortgage backed securities one of the participants of this is a i g. which is owned by the same government that is now suing these other guys who are that it's the same is the same circle of of a psychopathic schizophrenia schizophrenia is just for the back part. as. right this is a pretty bad environment exchange but as you're doing it make sure that you look at yourself in the mirror collateralized by your own image slice and dice your invention by the skin training class and take a problem kind of drugs while doing it and you yourself can become as rich as one point five sitting on trillions of dollars of the i person which actually for the article here quotes gregory w. smith the general counsel for the forty one billion dollars public employees retirement association of colorado and he says everybody has been led to believe over the years that aaa means aaa means aaa across the board anybody they didn't

learn in the two thousand and eight crisis that doesn't apply should find another line of work but there you go again that's more hazard because it's up to whoever the job again as chump is running some pension fund for you you have to hope that they learn their lesson because the crooks are not behind bars they are setting policy they have christine lagarde threatening countries around the world for them you know well the reigning agencies use the ratings to stabilize the market to create volatility so that their friends can make money trading things like the volatility index the vix and if you have advance knowledge of what the red again she's going to do and they give up a vast dollars to their friends and on the exchanges you can buy and sell the vix the v.i.x. the balance of the index and make money that way well ok so if you think this is all accidental again like that this is going to start let's look back at another cable viewing cable zero seven paris for one hundred nine paulson discusses

financial markets or ran with sarkozy so this goes back to two thousand and seven hank paulson was here in paris meeting with nicolas sarkozy sarkozy raised concerns about some prime related market turbulence paulson however underscored the importance of not overreacting he said it would take months not weeks for credit to be right repriced but this was not a major crisis. yes he went on to say anyway it's not a problem the only problem i see in europe for the banks is the german lender spankin but they presented little systemic risk and would be bailed out by the german taxpayer so hank paulson is speaking on behalf of the german government in terms of his plan to allow for the german banks to be bailed out by the german citizen he's speaking for the global elite this is always their intention max and say you are a source of speculators he's he's negotiating to speculators rule and he knew from then a year and a half before he pretended o.-i hated to have to do tarp well he was speaking to

sarkozy a year before tarp saying oh don't worry it's not going to be a problem because the german taxpayer will bail out the german landis bank and let me ask you this one of germany decided to demand the gold held at the new york fed sixty percent of their goal is held in new york what if they did like the french and said we want all our gold sent back to germany it's forever gone no european nation no asian nation including china they have a lot of gold in the us they're not getting it back and then finally max one quick headline here before you turn to the second half israelis turn out for largest economic protest to remember back to talk about the break but way well this is the same situation that is happening in israel because even though israel emerged from the global financial crisis relatively unscathed the economy is doing rapid growth and unemployment is at its lowest in decades at around five and a half percent so it all looks good on the surface right regardless statistics show the ranks of the working poor have grown dramatically as wealth has increasingly

become concentrated among a small group of tycoons well you've got to go now to change the nomenclature from the arab spring to the arab israeli spring well yes that actually a lot of the people the protesters are claiming alliance with the square of course and also this final image here max this is crass stupid morgan by silver in hebrew . so long all right stay sara thanks so much for being on the cars report thank you for that though i am much more coming away so stay right there. the it. looks a nuclear winter against. the mission barrels. brain is more. or less. the mission of the

accreditation three to four chargers. arrangements three. three. three legged the old freeboard to be old for your media project history medio don carty dot com. the i'm going to. welcome back to the kaiser report imax guys are time now to go to germany and speak with economist share ever share a welcome to the kaiser report i am actually going to speak to you right here israel has been able to protest over the summer was four hundred thousand protesting last week and why is five percent of the population of israel protesting what are their demands well we have to ask ourselves why didn't have it why didn't it happen before because there actually israel is undergoing

a deep social crisis for the past few decades and with very rapidly growing inequality. cared for over tea in uncared for unemployment it would have been expanding and affecting every aspect of life in israel and yet most people didn't really protest it until very recently and this way to protest. it is something very new in israel quite unprecedented there's never been such a large demonstration in israel's history and and people have a lot of reason to protect ok now is it possible that the arab spring the arab uprisings in egypt tunis around the arab world cover to this protest the process of israel and if so doesn't this speak toward a greater east. a society getting rid of all these divisions that been plaguing that region for decades the first reaction in israeli society that the arab spring was was panic actually because the idea that

a arab countries could be democratic and people can set their own destiny was something that that. intimidated a lot of israelis who were counting on us to support in crushing it is the arab peoples and making sure that they operate within the framework of u.s. interests which also works very well for the israeli and middle east rapidly and but i think with the global excitement about the arab spring especially the revolution in egypt a lot of israelis said well we also want to get some of that international excitement we also want the people in the world to be excited about what we're doing and i think one of the reasons for this is that there is now a an international boycott campaign against israel against the apartheid that israeli society applied against that opinion in israel and israelis feel very isolated there and there and pariahs in today's world and because of this global

company and so by emulating the arab spring they're hoping maybe to get some international support ok now you mentioned of course alessio what the u.s. and the enormous support the u.s. gives israel area for decades and the commentators and the american press who are covering this at all the uprising in israel. that song is difficult to talk about the demands of the protesters because of demand of the protesters are things like greater distribution of wealth and greater equality and income distribution and these of course are ideas that america equates with socialism and communism and so. the there is a huge enormous disconnect here because america aid israel billions of dollars every single year and yet the people of israel adults seem to want to emulate was happening in america at all i would say the majority of the protesters are talking about raising taxes they want higher taxes so that there will be sufficient income

and to. implement social programs and policies that they're asking for which is a complete opposite of of the main discourse in the us that fact that they're considered the root of all evil and any call for raising taxes is immediately equated to communism and i completely agree with that but we have to remember that this is rooted in israeli history because israel used to be unlike the u.s. it corporate a society where which had a very strong welfare state and a very strong system of unions and that worked for jewish citizens only interested in and for and the leader of society with collaboration with the government and with the major employers and to create a kind of society where there were very strong social posy but only for jews and maybe for jews who were originally from european countries and this is a memory that appeals to

a lot of young israelis well in today's neoliberal economy find that they can no longer count on the government to help them and in finding an apartment they can no longer be sure that their wages will be enough to sustain their standard of living they get very worried and now they're saying let's go back to what we had with the welfare state and twenty thirty years ago forty years ago and all right so the paper. israel are for peace and just as they're out there a huge percentage of the population five percent of the population is in the square in the streets protesting for peace and justice however the government of israel of courses at tracting huge aid from america by playing the violence card by playing the terrorism card by committing acts of terror in palestine around the region now let me ask you a question that when you see a u.s. politician like sarah palin wearing a star of david she's identifying with the people of israel as a presidency she's so terrifying with the government of israel who is basically

what you're saying is she's for senseless slaughter of innocence and therefore she should be president is not kind of what's going on there is not the message has made very clear united states does not give aid to the israeli society at all the u.s. gives three billion dollars every year through to the israeli government but the money comes in the form of vouchers by which the israeli government can only buy american made weapons so let's be very blunt about this this is a subsidy to the u.s. arms industry that's what this money's worth so when obama or any other u.s. politician are talking about and sustaining a friendship with israel and their longstanding arayan between the u.s. and israel what they're actually saying the u.s. will continue to subsidize the arms industry and make sure that the middle east will continue to be very volatile very violent so that it will continue to buy weapons so the neighbors of israel will continue buying more weapons and that will create huge profits for the u.s. .