first thing they do they get rid of usury laws they 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 it's honestly 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 well it looks an awful lot like that terrible death trap that everybody was afraid of throughout human history so very correctly you're saying that for the first time in five thousand year history of debt and credit we're in an era now where institutional a creditor is protected versus the debtor exactly in fact i think made bankruptcy laws more difficult they've made 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 can have social benefits this idea where it well you get credit credits supposed to save the world everyone has for a one k. the one is mortgage is 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 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 he would think the distinction between someone falling 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 for hope because well i mean we're talking five hundred year cycles here forty years is nothing i mean maybe they. i

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 loaned 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 hopeful sign i suppose you could say if that model can be embraced on a slightly larger scale correct absolutely i mean there's a million solutions and 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 to 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 strange things directly with 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 and eight they kind of let the cat out of the back you know for all these years i'm saying markets run themselves of people in charge they know what they're doing we may not be very nice people but they're incredibly competent in fact they're the only people who run the 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 didn't need to disappear if that's convenient for the big players when people are saying is well. over right fine if those are the new terms that make sense but if them ocracy is going to me mean anything now it means everybody gets to weigh in on how promises are made and how they're renewed. and that's what people are calling for and demanding and i i think it's very promising and for a sort of new political movement actually i have one more question this is from twitter and if you want to ask guest questions on this show go to my twitter account at max kaiser and this is from read up 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 about 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 mostly legal cases in situations of potential violence i think that coins have been promulgated through military systems and i think of them. the current dollar system is closely tied i mean look at the international currency system the current 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 things are having me pleasure the book is called that the first five thousand years i recommend you pick it out that's going to do it for this edition of the kaiser report with me max kaiser and stacey armor and we thank my guest david graham or 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.

russia's city of yarrow saville pays its last respects to the forty three victims of wednesday's fatal plane crash sportsman from the top of lies talking team and perished in that incident and buried with full military honors. a nation on guard new security threats emerge on the eve of the tenth anniversary of nine eleven some fear that the u.s. war on terror has created more enemies than it's destroyed. and tell of even cairo strike a new sour note in relations with an angry mob in the egyptian capital stallings the israeli embassy forcing its staff to flee the country. it's the second time in one week that in his radio back to the muslim country have been expelled joined me paulus name and

a few moments and i'll bring you more. even for me kevin i mean here in moscow it's now ten pm you're watching r t and our top story the stadium where russia's lokomotiv ice hockey team played their last game has been transformed into a venue of mourning and t. has more than one hundred thousand people attended a ceremony in memory of all the team and all the others that perished on board that yak forty two airplane crash on wednesday our correspondent sean thomas witnessed the city's grief. very somber day here in as thousands of people came to pay their final respects to the team members of the locomotive team today's events saw thousands of people from around russia from around the city of different teams from around the country as well coming to say their last goodbyes to these

team members now the fourteen caskets that were viewed here today have been taken away so that they can have a private ceremony with their families and be laid to rest around the area some of the stories of the people who were part of this team have come to light as these three days of mourning have the past one team member proposed to his girlfriend just before this crash took place and was looking forward to starting a family another woman twenty nine years old and she was some flight attendant on the plane and i had just gotten married three months prior to the crash and was planning on leaving the aviation industry so that she could start a family with her new husband we also know of one team player who had decided to leave hockey that this was going to be his last season and of course unfortunately passing away on the way to the first game of his final season one of the tragedies of this entire incident is that he was so young the youngest person being only

twenty years old many lives cut short in such a tragic event and now the community looks to move forward to rebuild if you will there is some comfort in the fact that the investigation is starting to groote juice some answers we have been told through the investigative committee that the engines were working fine on this airplane but people are starting to find out exactly what happened as people pieced together the final moments of this flight before it burst into flames but beyond the actual technical aspects of it there is a sense that this community wants to rebuild the hockey spirit here as well we talked to the next generation. of the players the people who hope to become professionals and this is what they had to say about moving forward from this tragedy 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 you rather told us that we should go

out onto the ice and play for all the guys who lost their lives in this prayers of those who told us to win for them sleep and play our best just for these players practicing fear is special as it was from this very arena where the doomed team gone their state 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 this youth team was supposed to be on the fly and though he's back working now the stars are still strong for those affected by this tragic loss i think it sets hard part of florida thought held by fans family. relatives friends or so i just researched this them are going to. go on i'm a mom i got this for everybody and 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. but also to have a strong wish to be in bigger growing crops now when they use championship and did take a stab each original my friends who guard was young and while this team practices and even younger group is ready to follow in their footsteps. come and play if you don't mind where you are still he told us about him in ca one more you need to page in the team only have a coach talk knocked at school i want to be needing that moves he does excessive no cooties. next we can get you to be tested. you can she's going to come right. proving that even though they've gone from the ice the members of this ill fated locomotive team will continue to be in the hearts and minds of the people of jaroslava and the nation for generations to town. shines on this party.

but we report on how our city robbed of its sports stars families and loved ones happened you can go out for the latest updates as we get the details as well the latest is investigators are going to tell you to rule out theories behind the deadly catastrophe the now concentrating on the possibility of pilot error or technical problems again it will keep abreast of the latest r.t. dot com is the place to be. security is being stepped across the u.s. following a terror threat on the eve of the tenth anniversary of the september eleventh attacks american intelligence intercepted communications from an al qaeda operative in pakistan indicating plans for a possible vehicle bomb plot against new york city or washington result is reported i have found out a decade or many u.s. citizens still feel vulnerable in their own country. ten years ago america was rocked by unprecedented terror.

nearly three thousand innocent lives were lost and a host of nine eleven world was born. our war on terror. begins with arkana. 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 as only with bombs and missiles from the air in the 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 one time obey abu ghraib and the baccarat 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 track deep from that very dark lips or of nationalism journalist in office 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 in the terror that we have unleashed will not go on. it is and it will strike us eventually however in a post nine eleven america citizens have been forced to compromise their freedom. in the name of security that past decade has paved the way for 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 and as this national security state he rose as it becomes easier for the government to scrutinize guys in this in all aspects of our lives i think that we are going for we worried about is the issue he sure is larger than it was the specific isolated we're here is it is a heater that is all around us much of it be right here at home from people in our own country. since nine eleven a rising tide of islamophobia house passed through this formerly tolerant nation according to the f.b.i. the four man intended to carry out there if i am today dozens of muslim americans have been arrested and convicted in so-called f.b.i. for oil terror plots plots that were orchestrated 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 going brought them on a platter by the u.s. government are now in jail and we have you know snowballed of pollens that's going on around the world anyways more huge and only raise more but family only reinforced many americans very violent and minority it's american imperialism around the world and we think we've created more enemies than friends you know if 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 the post nine eleven america the united states has conducted an operation that killed osama bin laden the leader of all cargo. still waging war in the me not afraid of america i get scared to get the right that it's ten years that follow

a military seat. feature parity around the world man behind nine eleven may have been captured but international safety and yet the liver arena for artsy me. to terrorist attacks attacks and. senseless slaughter just seems strange to me. the vision of an evening. news on the team. to. look back at nine eleven the cia agent is on high alert tonight home for a night of riots in cairo left at least three people dead more than a thousand injured a demonstration for reform in the country quickly turned violent as protesters vented their anger against the israeli embassy

a raging mob stormed the building with police slow to react eventually they did manage to push the rioters but with force of his policy clear as late as from tel aviv. israeli officials have condemned in the act most terms israeli prime minister benjamin netanyahu saying that it is simply unacceptable now israel has withdrawn all its embassy staff with the exception of one person that it's keeping in cairo in the hope that it can maintain some kind of diplomatic relations between both countries the egyptian prime minister has offered the resignation of both him and his cabinet to the high military council and this is almost as a form of apology for the fact that the police stood by it for several hours while protests list stormed the embassy and the police simply did nothing this resignation has been rejected there were hundreds of protesters they smashed down the embassy wall they found signs of documents out of the window they state two police vehicles eliad they threw molotov cocktails at the police and burned to the israeli flag now people were killed we're being told hundreds if not thousands were

injured many of them by the tear gas that the police were forced to use to disperse the crowd the u.s. defense secretary called cairo while all of this was happening and urged the police there to do something and for something to be done to protect the israeli embassy and it seems as if it was almost off of this phone call that the police intervened in the situation was eventually brought under control the incident was actually spotted by israel's refusal to apologize for killing five egyptian soldiers last month and that was in a cross border raid that israel says was in the state but it hasn't gone the step of actually apologizing for those periods all of this comes just months after the former egyptian president hosni mubarak was answered he of course was a long time friend of his role and this is why nini here also suspecting that israel because of its traditional behavior is likely to react much strongly in the coming hours if not in the coming days but of course as one is in a delicate position because it needs all the frames that it can have particularly in light of the fact that it is just one week since the israeli ambassador was

expelled from turkey all of this coming at a critical juncture for israel just days ahead. palestinians going to the united nations security council to call for a palestinian state. let's bring in more now on one of our top stories get some more comments as we approach the tenth anniversary of nine eleven and with us on the line is bill van auken he's member of the international tauriel board for his website bill thanks ever so much taking the time to be without international after nine eleven ten years on the u.s. winning the war with afghanistan and then iraq in order to protect its people in the world from new terrorist threats but it seems doesn't it have only achieved the opposite what's your take well i mean i would first start by saying i mean here in new york i think all of us see the need to commemorate this anniversary with a terrible crime a terrible tragedy could close ten years ago but i would dispute the sort of

foundation of your question which is america going to war first in afghanistan and then in iraq in order to protect the american people i don't think there's any evidence that so why did you go to war why did you go to war with iraq but let's not start for that start from what was the event itself on nine eleven you had hijacked planes hit buildings fifteen of the nineteen hijackers were saudi arabians the man who was accused of plotting the attacks was a saudi arabian the attacks were reportedly funded from saudi arabia and immediately the attempt is made to invade afghanistan and iraq is on the bill well within weeks so what are people why the year. well why i mean i think if one looks at this you know we're always told nine eleven changed everything and certainly it is a changing point in american and world history but i think if you look at what took place in the aftermath of nine eleven they don't flow from the events they flow from policies that had been in the works for at least previous decade and go back

one can say to the dissolution of the soviet union and the perception among a whole layer and really what became the predominate layer of american foreign policy makers that you know poland moment had a river risen the united states could carry out its will by military force anywhere in the world and it could use military force to reverse what has become more and more evidently an economic decline decline in its position on the world stage so afghanistan certainly was not a country which cia and united states were unfamiliar they carried out a war there a covert war against the soviet back regimes in the one nine hundred eighty s. they hit back the taliban as a matter of fact and some of bin laden was someone who was extremely well known to them he was a cia asset when you take iraq i mean saddam hussein was an opponent of al qaida they invented reasons to go into iraq big when he had relations with the talk now everyone admits was a lie they claimed he had weapons of mass destruction which now everyone knows was

a lie so what you're doing with our war is not to protect the american people but to serve the interests of the elite that run this country the top one percent the corporations the banks that saw in wars of plunder the ability to get ever more wealth if you consolidate more american you are correct on the oil resources of the outcome will be for your country unaware of this. well i mean i would say one of the great casualties of nine eleven what followed is the integrity of the american media and what passed for an american telegenic. really they cover themselves in shame they took a not an objective policy course anything not a critical policy towards anything they became the embedded ones those who would cheer whatever military action was taken in support our troops crowd who are sending troops to a war that should never been fought and no critical not critical voice was raised within the media no critical voice was raised within the american two party system the fact that millions of people in this country good come to oppose these wars and

overwhelmingly oppose them overwhelmingly support the immediate withdrawal of troops from these countries is a testament to the integrity of the american people for working people who are hostile to war see it against their interests is it fair to say just think that instead of uniting people this tragedy nine eleven brought about greater racism greater discrimination especially towards the muslims and islamic communities. no of course it couldn't they stoke this deliberately i mean this was utilized whatever they say and of course they've changed their their tone and i goddamn when you say they didn't just you just clarify what you say they are talking about i would say our ruling establishment in this country which is composed as i said of the talk of the financial system of the corporate system to political parties which they control and a corporate run media which goes their bidding and through the media through the parties through the the instruments of public opinion that they control paid informant nationalism green who was from the idea of revenge troops who went to

iraq were told you'd think you're getting your revenge for nine eleven they were the leader of the council in iraq and afghanistan after victims firefighters policemen who were killed at the world trade towers i mean there was an attempt to foment the idea of revenge against people of course no one ever roy raised why why these people should oppose they don't states here's why do they hate us this came out of the clear blue sky as they said or a little media never said well maybe there are foreign policy questions that have created millions of people who see the united states not as a beacon of freedom but as an oppressor bill thanks for giving us your views on the program bill van auken a member of the international tauriel board of the world socialist web site joining us on the line from new york thank you thank you. another big story we're following tonight of course the troubles in egypt's on high alert for that night of riots left at least three dead it's left nearly a thousand injured the demonstration of course also vented anger out against the

israeli embassy let's talk about that let's talk about how did bill fattah joining us live a journalist joining us on the line from cairo now very good evening thanks for being with this the egyptian government's promises need to keep all the embassies in the country safe from now while it didn't succeed for a while last night does it look like they can deliver on the pledge. well i hope they can deliver on their pledge and in respect of international law and international standards and i think this would be something for international law experts to elaborate on but what i can. deliver is we've got to understand why hundreds of thousands of angry gyptian you last night had gathered outside the embassy many of them. like spiderman went on top of the building. kill like fourteen fifteen stories to reach of the israeli

embassy and take the flag out of it that means there is a lot of anger at what israel did recently which basically they crossed the border from israel into egypt killed a number of of rejection soldiers and they promise investigation and nothing has not been delivered yet have a sense there are spin huge huge one stray sions and a sit in of a few days outside the israeli embassy the minus traitors are asking the egyptian government to at least expel this really ambassador from egypt taking in consideration this is not the first time that israeli troops killed people all soldiers on the border area the egyptian government so mistakingly has not responded to the will of them honest traitors for weeks after weeks they have not been serious enough to respond for the public opinion.