create institutions like the i.m.f. or adopt institutions like the i.m.f. as a sort of global debt in force or other ones like the s. and p. you have this giant global bureaucracy essentially financial bureaucracy which is dedicated to the principle that no one can ever default. this is crazy i mean not only economically it's crazy but it's doing exactly the opposite of what people have historically done and if you look at the results it looks an awful lot like that terrible death trap that everybody was afraid of throughout human history so if i hear you correctly you're saying that for the first time in five thousand year history of debt in credit we're in an era now where institutional a creditor is protected versus the debtor exactly in fact they've made bankruptcy laws more difficult they need lending at interest easier you know the usury laws that we did have were essentially abolished in the beginning of the eighty's here in america and similar things happened all over the world suddenly you move from the sort of welfare state model where people think that social

benefits this idea where. you get credit credits supposed to save the world everyone has for a one k. the one whose mortgages the poor in the third world are going to be saved by micro credit. meanwhile the terms of the credit are skewed usually in favor of the creditors over the debtors now the result is that you know most americans i would like to make this point you know we're in a position which looks a lot like that social disaster that everybody was afraid of aristotle we're here today you would think the distinction between someone pulling into debt and selling their children into slavery and someone in debt renting themselves and their family into a slave to work for somebody else would be probably illegal istic distinction. now on the other hand i think there is reason to hope because well i mean we're talking five hundred year cycles here forty years is not that i mean maybe they got it wrong the first round but there's a lot of room to fix things up. ok well in this area of subject of hope i was just

looking on the web and stumbled upon a story about kiva dot org which is a peer to peer lending site and over three hundred fifty thousand individuals in the first world loan money to three hundred fifty thousand people in the third world micro loans. exactly what you're saying was going on five thousand years ago they've extended credit. terms that are reasonable and they have boosted the economy in a huge way so i mean that's a whole full science i suppose you could say if that model could be embraced on a slightly larger scale correct absolutely i mean there's a million solutions i mean the one thing the world doesn't lack is smart people if we put our minds to this it would be very easy to come up with alternative money systems alternative ways to arrange these things i have friends in asheville who set up alternative money systems. software that sort of anybody can use and they've

got thousands of people already hooked in who hardly use cash at all and there are many more they simply stations directly to each other and there's a million ways to do it and the other thing is the political mobilization visit a real problem isn't that the lack of alternatives the real problem is the fact that anything is going to be cut off politically and that's why i think what's happening in europe is very hopeful and what we have in greece what we have in spain and it's beginning to spread to other countries the way i like to think of it is i think in two thousand a big kind of let the cat out of the back you know for all these years in saying markets run themselves of people in charge they know what they're doing they may not be very nice people but they're incredibly competent in fact they're the only people who are running economy and of course we're also told debts are sacred and have to be repaid but we learned with the crash was that none of those things were true people had no idea what they were doing they did get bailed out markets didn't run themselves so once we understand that money is actually a political arrangement it's a social set of promises that people make to one another well and you know if

trillions of dollars worth of debt can be did need to disappear if that's convenient for the big players people are saying is. over right fine those are the new terms that make sense but if the mocker see is going to make mean anything now it means everybody gets to weigh in on how promises are made and how they're in the . and that's what people are calling for and demanding and i i think it's very promising for a new political movement actually i have one more question this is from twitter and if you want to ask gas questions on this show go to my twitter account at max kaiser and this is from read people the question is are you arguing that money quote in a sense of exact equivalents and quote is based on coersion not voluntary exchange i think of that it originally emerged in that context and has been maintained remarkably much through that context if you look at you know where the first

circumstance where people started commuting values of figuring out the twenty seven of these equals three of those was mostly legal cases and situations of potential violence i think that points have been promulgated through military systems and i think that. the current dollar system is closely tied i mean look at the international currency system because the international currency is the currency of the largest military power that's that's not a coincidence all right david grammer we're going to have to stop there thanks so much for being on the kaiser report claims or having the pleasure the book is called that the first five thousand years i recommend you pick it up that's going to do it for this edition of the kaiser report with me max kaiser and stacey harmer our thank my guest david graber if you want to send me an e-mail please do so at kaiser report at r t t v dot are you until next time this is max keiser saying bio .

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russian city of jaroslava pays its last respects to the victims of wednesday's plane crash that killed nearly the entire local ice hockey team these are live pictures you're looking at right now from the moment aerial service. thousand so wait in the rain to get their chance to pay their last respects on sean thomas. and we have all of the details of a city and a nation in mourning. the u.s. prepares to remember september eleventh a day that unleashed the war on terror now feared by some to be an even bigger threat to global security. than a crowd of egyptian storms the israeli embassy in cairo enraged by the killing of five egyptian border guards last month.

ten am in moscow i'm at treasure good to have you with us here on r t our top story families and fans of russia's lokomotiv ice hockey team gathered at the home stadium where the players who died in the plane crash played their final game the sports world is mourning after most of the lokomotiv jaroslav team perished wednesday our correspondent sean thomas is following the ceremony he joins us live with more sean it is a somber morning and people have gathered to remember the team's last players tell us more about what's going on where you are. it is an incredibly sad day here mad as thousands of people are streaming to the locomotive stadium here to pay their final respects it is a cold day it is a rainy day and in many ways the weather echoes the feeling in the air the very sad

a heavy and somber tone because this was a much beloved team. they were there were three time world champion or champion ship team rather and if they were the stars of this city so people from all over russia hockey players officials as well as the entire city of you are sol bill is coming here to say stadium inside the stadium you can see live pictures of what's happening people are streaming up by the fourteen caskets of people who perished in this plane crash there were forty three people confirmed dead two people survived it was a multinational team those who are not from jaroslav were sent to their home countries yesterday and today the fourteen who will be buried here after this a visitation. they are laid to rest so that people can pay their final respects now let me tell you some of the emotional human stories as this three day mourning period starts coming to a close we're learning more about the human side of this tragedy we know of one

player who had just proposed to his girlfriend and was planning on getting married and of course of her. their lives tragically cut short we also know of another player who had said i've had enough of hockey but i'm going to play one more season just to give you one more go and of course the first game of the season on their way to. the plane crash and of course ending his career and has a life one other story of a flight attendant on board three months ago just got married and was planning to retire from the aviation business she wasn't going to be a flight attendant anymore she was going to having children as well so these are the tragic stories that are coming out of this incident of course this celebration the insides you see. behind us i say celebration because people are starting to chant slogans from the team and cheers from the teen in solidarity to show it to

come together in some aspects so a wide range of emotions here and jaroslav. celebration of the team and their lives also to the somber sad final goodbyes and even though the team has been devastated by this loss how strong is the determination to rebuild after this. well certainly there is a lot of determination first of all there's hope of moving forward from the investigation itself the. getting the announcement that the engines of the plane were fine but there may have been some sort of problem with the fuel and some people are taking comfort in the fact that they are starting to get answers as to what caused this tragedy but moving past that former jaroslava locomotive players have announced that they will come back to help rebuild this team so that there can be this spirit of hockey here. so that they don't have to lose that connection with hockey a sport that this city loves so much but we have the opportunity to actually speak

to some of the younger players of the locomotive franchise the next generation if you will of the people who are training to become part of the locomotive professional team. we got to hear their stories of how they want to move forward this is what they had to say. as a city continues to mourn one very dedicated group of young men have chosen to honor their heroes in a unique way by getting back on the ice with. the colts told us that we should go out onto the ice and play for all the guys who lost their lives and as chris had told us to win for them. for these players practicing here is a special as it was from this very arena where the doomed team on their skates for the final time. i met them on the fifth and sixth of september their training sessions before minsk they were confident and quite optimistic and determined all of them were in very high spirits. one coach working with his youth team was

supposed to be on the flight and though he's back working now as stars are still strong for those affected by this tragic loss i think it's hard hearted order part of their lives their families and relatives. to research this them. bring to. the mike what is everybody for the next generation of jaroslava locomotive hockey players it's not just about rebuilding the team for the future of the city it's also about getting back on the ice as a form of therapy to help them get through their grief. also i have a strong wish to win bigger in copping out to win the u.s. championship and indicate to be cheering to my friends who got it this year and while this team practices and even younger group is ready to follow in their footsteps. some of the players are going to where from our school they told us

about them and cannot say one more you need to be made in the team only ever got to talk mark tidd school i want to be in the new team that would be does extensive knock on the t.v. next week on schedule and be tested for the club i can't is going to come rights to school. proving that even though they've gone from the ice the members of this ill fated locomotive team it will continue to be in the hearts and minds of the people of us level and the nation for generations to come you know us a little sean thomas our t. . turned out other news we're covering on our t.v. americans are united in their grief as a decade later the nation prepares to commemorate the tragic attacks of september eleventh across the country security has been stepped up to protect against what's been called a credible threat of a new terror attack yet for many people who still feel no sense of safety the cloud of this dreadful anniversary has no silver lining authorities marina porton i reports in our special coverage from new york. ten years ago america was

rocked by unprecedented terror. nearly three thousand innocent lives were lost and a post nine eleven world was born. our war on terror. begins on our countdown. but it does not in there. it will not end until every terrorist group of global reach has been found stopped and defeated washington's military reach began with the hunt for osama bin ladin america strikes back afghanistan is home to put bombs and missiles in the air and sea then a preemptive pounding into iraq. in the decade that followed america's fight for freedom has been stained by torture secret detention and rendition human rights violations symbolized by landmarks like want hanum obey greed and the blogger

airbase prison we had garnered the empathy not only of the world but the muslim world and if we had the courage to be vulnerable. we would be far safer and more secure than we are today instead we drank from that very dark licks are of nationalism journalist and author chris hedges says america's terror unleashed throughout the middle east has opened a pandora's box of evil estimates are over a million iraqi dead since the invasion. you know hundreds and hundreds of civilians killed in pakistan thousands killed in afghanistan not to mention millions of people displaced in a refugee camp some of the terror that we have unleashed will not go on paid it is and it will strike us eventually however in a post nine eleven america citizens have been forced to compromise their fear. redone in the name of security the past decade has paved the way for

a new state practices such as warrantless wiretapping intrusive airport screening and greater authority for law enforcement what some call a police state in the making as this national security state he rose and as it becomes easier for the government to. advise us in all aspects of our lives i think americans are really we worried about this the issue. is larger than it was the specific isolated orator's you can see it here that is all around us and much of it may be right here at home from people in our own country. since nine eleven a rising tide of islamophobia has passed through this formerly tolerant nation according to the f.b.i. the four men intended to carry out their plan today dozens of muslim americans have

been arrested and convicted in so-called f.b.i. for oil terror plots plots that were orchestrated and manufactured by government paid informants these cases have been created by the government and yet we're supposed to feel safer because criminals that would not have come up with a plot how did not and brought them on a platter by the u.s. government are now in jail and we have you know snowball the violence that's going on around the world only raise more hatred only raise more bad feelings only reinforced many americans their violent you know narratives of american imperialism around the world and we think we've created more enemies than friends you know we targeted communities rather than making them partners not only has it not made us any safer i think that it has undermined you know the very fabric of american society the fabric of a post nine eleven america the united states is conducted an operation that killed osama bin laden the leader of al. still we are in the name of freedom america so

i guess yeah that sounds great but it's the military states. around the world the man behind nine eleven may have been. the international seats yet the liberal. arts. u.s. war on terror launched after the attacks was sold as a vital measure to stop further attacks on the american soil brian becker from the antiwar answer coalition says there are many who no longer buy. i would say the american people who originally bought the position that this was a war to stop another september eleventh they have no longer believe that position they they now believe that it's a war for something else will define for the broad public the bush administration launched the war in iraq for instance on a completely false pretext the war on terror in fact has become

a slogan it will be all to meet we know and in history is the ultimate pretext to do whatever the us government wants but in the case of iraq they invaded iraq hundreds of thousands died millions were made into refugees a beautiful country was torn apart in and by it along ethno sectarian lines and iraq had nothing at all to do with september eleventh and likewise in afghanistan we have thousands of troops who are going to be in afghanistan for decades because this is part of a grand scheme to keep these countries under u.s. control as part of a us americans fear of influence. our special coverage of the nine eleven anniversary continues later in the program we asked people on the streets of new york if the post nine eleven world is a safer place. at our web site r.t. dot com read the stories of those caught up in the battle against terror farmers and village elders clueless as to ride bombs and missiles rained down on afghan villages. soon after the war on terror in the war on drugs but ten years later

afghanistan remains the world's biggest producer of opium poppies with much of its income rooted in illegal narcotics but as nato forces struggle to destroy drug production in afghanistan the u.k. harvests a new crop of poppies to plug a growing painkiller shortage or he's laura m. it has more. in the rolling fields of oxfordshire at this time of year you'll probably see wheat or barley ripening for the harvest but troy springs and warm summer's have enabled these farmers to plant a very different type of crop opium poppies that are under contract to a pharmaceutical company that turns the opium into morphine and coding to plug a shortfall in strong painkillers in the national health service in fact there's a global shortage of drugs made from poppies the opium here will be put to good use but thousands of miles away nato troops are wiping out existing afghan poppies with bombing burning and spraying the main question is why we destroyed and then having

to grow poppies in fields in oxfordshire has been used by the american and british governments repeatedly one of the so-called soft arguments of the liberal arguments is that they're fighting a war on drugs this is completely poppa's the it's not true it's not what the war is about and we should all not it's easy to understand why afghan farmers to grow then sell opium to the taliban there's an effective distribution network and they can make around seventeen times more profit per hectare than they could on wheat despite the o.p.'s economics farmers are still being encouraged to grow other crops which is m.p. frank field thinks that policy has failed but the americans won't budge from america are we following this behind them. makes a nonsense what this relationship should be about when you're putting bush's lives at stake not to be able to use it as

a bargaining position with the americans to rethink a strategy which i've seen most people think over the years has failed if we look historically has. probably troy. frank field and his group poppy real. i think afghan opium should be legalized instead it would benefit afghan farmers raise much needed revenue for the governments nation rebuild and stop the opium falling into the hands of the drug cartels field says it should be military strategy to. have chosen problems rather than brains and anybody who is thinking about how to reach ordinary people ordinary farmers who see poppies as a cash crop country get them to protect the backs of our troops we will be thinking about how do we harness this school how do we pay them for it and how do we then used. to transfer it into medicines to.

burned in afghanistan and kept a secret here in britain no one wants to talk about the u.k.'s opium growing program we asked both the thought and the company they grow for next fall and smith if they would give us an interview but paul and smith said they wouldn't allow the farmers to talk to us because it's part of that contract with the home office that they keep the poppy growing. the home office also declined to comment while poppies are increasingly harvested in britain the so-called war on drugs is being decisively lost the u.n. says opium production in afghanistan has been on the rise since the us occupation began in two thousand and one laura and it. stay with us here on r.t. still ahead of pill to swallow president obama urges voters on lawmakers in the u.s. to back his drug economic stimulus plans but some say he's fighting the wrong battle

in his war against. terror we'll look at what's behind a reshuffle in the u.s. highest ranks general david petraeus takes the top job at the cia. but first egypt's police have been put on a state of alert after protesters attacked israel's embassy in cairo. they destroyed a wall near the building and tore down the israeli flag replacing it with an egyptian one hundreds of demonstrators were injured with police using tear gas against the crowd the israeli ambassador along with his family's been flown out of the country last month after israeli forces responding to a cross border militant attack mistakenly killed five egyptian police officers protests also come at a time to time of change seven months after the popular uprising that ousted hosni mubarak from power thousands have gathered in the capital's tucker square urging an engine military rule and pressing for urgent reforms the president of the arab lawyers association. says islamic groups could ultimately benefit from the unrest.

he says well that's a good movements vying for all of that trying to show who is bigger than the other i think this demonstration it's only the liberals this slimmest take in boston it is accusing the other one of trying to show that we've got power the islamists. the election though because well for the election they will definitely get votes the liberals the demonstrations will continue i think the egyptian people will not accept the military continue to be in this type of the military as everybody knows the same old team of mubarak people who by mubarak with the approval of them out against the americans would be happy for the military to stay there but i don't think the egyptian people who would know that president obama is urging voters across the u.s. to get behind his half trillion dollar stimulus package to create jobs and pressure u.s. lawmakers to pass it the latest white house plan to rescue the economy includes

a mix of tax breaks additional government investment and funding to states but gerald celente a publisher of the trends journal says politicians are fighting the wrong battles again in the struggle against unemployment. if anybody watched that you could wonder how any self respecting adult could have any respect for these politicians jumping up and down and clapping like trained seals that every two bit lawing all this speech was is obama's campaign speech on one end you have the republicans that want to cut back in title mention anything going to the people bring in a steri measures and obama promising empty promises the federal reserve and some sixteen trillion dollars in stimulus back to our loans etc and they couldn't create jobs well obama said he wants to create infrastructure jobs perfect but they

creating them in the wrong place is creating him in afghanistan they're rebuilding iraq now they're going to be rebuilding libya oh it's simple there's a way to solve this but back on these massive wars and the fence spendings and repatriate the money number one and then listen to what else obama wants to do he wants to open up more free trade pacts oh great exploit jobs overseas why don't you export americans over to china panama indonesia and vietnam to do them so we have to re trench we have to stop these trade agreements that are raping america of its resources mental and natural. america's former top commander in afghanistan general david petraeus has taken up a new post as the head of the cia but in a farewell of thirty seven years in uniform and in the army or his military control .