down on everybody to start over again in the middle ages they had a different tactic they mostly had usury laws so lending money at interest was illegal also peonage itself so there's always some kind of mechanism to protect others now what happens this time. the first thing they do they get rid of the 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 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 well it looks an awful lot like that terrible debt 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 in credit we're in an era now where institutional a creditor is protected versus the debtor exactly in fact.

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 can have social benefits this idea where it well you get credit credits supposed to save the world everyone is 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 doubters now the result is that 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 falling into debt and selling their children into slavery and someone in debt renting themselves and their family into going to work first. body else would be probably illegal istic distinction. on

the other hand i think there is reason to hope he causes well i mean we're talking five hundred year cycles here forty years is nothing 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 have 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 and huge ways 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 i'm what we have in greece what we have in spain and it's beginning to spread to other countries and 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 in saying markets run themselves the people in charge they know what they're doing we may not be very nice people but they're incredibly competent in fact 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 lend themselves so once we understand that money is actually a political arrangement it's a social set of promises of people make to one another well and you know if trillions of dollars worth of debt can be made to disappear if that's convenient for the big players and people are saying is well. over right fine those are the new terms that make sense but if democracy is going to me 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 will more question this is from twitter and if you want to ask 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 people three of those was mostly legal cases and situations of potential violence i think that coins 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 the current 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 armor and we thank my guest david graber if you want to send me an e-mail please do so at

kaiser record at r t t v dot are you until next time this is mexico saying bio.

the american tourists love the i hope the stadium becomes a place of mourning with hundreds of thousands including prime minister vladimir putin paying tribute to the poor three victims of wednesday's plane crash which claimed the lives of most of the team and key staff. a nation gone new security threats emerge on the eve of the terrifying about three of the nine eleven attacks ocean lege the war on terror right now feared by some to have been an even bigger threat to the world. and recent rocky relations between israel and egypt but by the train that protests there's still movies radio on the scene cairo with ambassador and almost all his star wars t.v. .

news so russia and around the world this is also here with me you national thanks for joining us the home arena for yaroslavl lokomotiv ice hockey team has become the program which side for those in mourning most of its players and key stars who died in wednesday's plane tragedy well one hundred thousand people from all over russia including lodging a patron came to pay tribute to those who perished on board the yacht forty two airliner which crashed after takeoff from the city to survive the horror show told us reports not from the scene of grief and sadness. 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 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 jaroslav 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 passed 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 a flight attendant on the plane and 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 this team 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 brew 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 piece 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 talk 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 choosing to honor their heroes in a unique way by getting back on the ice with what you love because it still does go

out onto the ice and play for all the guys who lost their lives and his prayers he told us to win for them it's best just for these players practicing fear is special as it was from this very arena where the doomed team on their skates for the final time. and get them on the fifth and sixth of september their training sessions before minsk they were confident and quite optimistic and determined all of them bring very high spirits. one coach working with the city's dean was supposed to be on the flight and though he's back working now his thoughts are still strong for those affected by this tragic loss i think it's hard hearted quarter part of their lives their families their relatives all those lawyer tells researchers ystem are trying to. go on i'm a mom i bungled this 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 i have a strong wish to win bigger during copping out when they use championship and get a case to be cherished of my friends who died young and while this team practices and even younger group is ready to follow in their footsteps. some of the players who died where from our school they told us about them and cannot man my hand eighty page in the team only ever got stopped mark tidd school i want to be in the new team that will repeat as it says of not committees next week on scheduled to be tested for the club the county is going to come rights to school. proving that even though they've gone from the ice the members of this ill fated locomotive to continue to be in the hearts and minds of the people of jaroslav all the nations for generations to come in your slogan shines on the forty. a ceremony has also

taken place in slovakia to remember the nature of the place for the country's national side and he died when he gave us the team a local players and fans joined the country's prime minister paying tribute in the town of pop pride at the arena of the country's only. three czech internationals were also monk the victims with a final emotional farewell to the trio to be held in prague on sunday. on the investigation into what caused the tragedies nonsmoking on human arrow technical problems traitor web page for the morning news on the inquiry into the branch that shocked russia and the entire ice hockey world. on the eve of the tenth anniversary of the september eleventh attacks security has been stepped up across the u.s. in response to will be authorities that there is a credible threat of a new terrorist strike american intelligence intercepted communications from an al qaeda operative in pakistan indicating plans for

a vehicle bomb plot that's not in new york city or washington as artie's marine airport now report just one of the so-called war on terror many u.s. citizen still feel vulnerable in their own country. ten years ago america was rocked by unprecedented terror. nearly three thousand innocent lives were lost in 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 laden america strikes back afghanistan is home with bombs and missiles from the air and sea then

a preemptive pounding into iraq. in the decade that followed america's fight for freedom has been stated by torture secret detention and rendition human rights violations symbolized by landmarks like one ton i'm obey grade 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 door a lick sort of nationalism journalist and author chris hedges says america's terror unleashed throughout the middle east has opened a pandora's box of evil and sorrow 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 the way 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 and 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 as this national security state grows and as it becomes easier for the government to scrutinize niceness in all aspects of our lives i think that we are really worried about is the issue here is larger than just the specific isolated orders you can see the easier that is all around us and much of it may be right here at home from people in our country.

since nine eleven a rising tide of islamophobia has passed through this formerly tolerant nation according to the f.b.i. the poor man 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 had it not been brought to them on a platter by the u.s. government are now in jail and we have you know snowballs of hollands that's going on around the world only raise more hatred only raise more but feelings only reinforced many narratives very violent narratives of american imperialism around the world and we think we've created more enemies than friends you know be targeted communities and 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 has conducted an operation that killed osama bin laden the leader. still waging war in the name of freedom america's campaign i guess kerry can't have that right but in the years that followed the military were saying no as. he turned to parity around the world the man behind i don't have any make up in. the international seat and yet the majority are in a park i artsy. and whole garden a professor of international and comparative plant takes have an american university of paris that the us he's the terror so it's own purposes setting what may be a dangerous precedent the pentagon spending went out roughly a seven point six trillion sent since then the wars themselves probably cost

between two to three point three to two separate seven trillion and this is really been a drain on the economy of some turmoil of the tax of course cost about forty billion in damages plus the three thousand lives and and some say as much as two trillion to the stock market but we've just added on to that disaster with their own news conceived strategy of their war in iraq had nothing to do with al qaida and afghanistan the goal there seem to be more against the taliban than al tied itself has been one slipped through the cracks every state can use the war on terror to his own purposes they look at the united states the united states did that and we can do that too and therefore it opened a real pandora's box and we don't know what to expect that the rule of law all of international law has certainly been undermined by american actions. since two thousand and one of ghana's stern has not only become a battlefield for the born terror but also for the war on drugs but a decade of military occupation and billions of dollars spent on

a counter narcotics campaign have made little headway in cutting opium poppy production in the country but as lauren discovered while narcotics like the nation's drug like the u.k. are destroying poppies in afghanistan and with the livelihood of farmers western countries are now being forced to grow their own poppies to plug a shortage in pharmaceutical. in the rolling fields of old stitcher at this time of year you'll probably see we barley right thing for the harvest but troy springs and warm summer's have enabled these karmas to plant a very different type of crop opium poppies that under contract to a pharmaceutical company that turns the opium into morphine and codine 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 destroying crops and then having to grow poppies in fields in culture is the news while 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 the opposite is not true it's not what the war is about and we should own up to it's easy to understand why afghan farmers to grow and 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 obvious economics promises still being encouraged to grow crops british m.p. frank field think that policy has failed but the americans won't budge from america and we for him to sit behind them. makes a nonsense of what this relationship which when you put it was. 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 if we look historically has. had we try a new track frank field and his group poppy. relief 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 in afghanistan we have chosen bombs rather than brains and anybody who is thinking about how do we get ordinary people ordinary farmers to see poppies as a cash crop. 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. to transfer it into

medicines to cancer. burned in afghanistan and kept secrets here in britain no one wants to talk about the u.k.'s opium growing program we asked the farmers and the company they grow for next fall and smith if they would give us an interview but parlance said they wouldn't allow the farmers to talk to us because it's part of their contract with the home office that they keep the poppy growing ha. 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 law and that ati oxfordshire. three people have died while over a thousand have been hurt in rioting in cairo during which the israeli embassy was

stormed a large demonstration demanding faster political reforms turn violent egypt and the global state of high alert with most of the embassies start leaving and the israeli ambassador being recalled to tell a bit of israeli prime minister binyamin netanyahu says his country will stick to its peace treaty with egypt just by part time his policy reports now on tell of it . israeli officials have condemned this in the act most terms the 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 higher 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 police stormed the embassy and the police simply did nothing this resignation has been rejected there were hundreds of protesters they smashed down

the embassy warned they thousands of documents out of the window they state police vehicles and lie about they threw molotov cocktails at the police and burnt an israeli flag and all three people were killed we've been told hundreds if not thousands were injured many of them by the tear gas of 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 after this phone call that the police intervened in the situation was eventually brought under control the incident was actually sparked by israel's refusal to apologize for killing five egyptian soldiers last month and that was an across the border raid that is still seen as was a mistake but it hasn't gone the step of actually apologizing for those deaths all of this comes just months after the former egyptian president hosni mubarak was ousted he of course was a long time friend of his role and this is why many here are 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 that of course is always in a delicate position because it needs all the friends 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 of palestinians going to the united nations security council to call for a palestinian state. an egyptian journalist one hundred after further told us he the tensions between his country needs to have been growing for months but fred congress has done very little to stabilize the situation but there is a lot of of anger over what israel did recently which basically they crossed the border from israel into egypt killed a number of egyptian soldiers and they promise investigation and nothing has not been delivered yet have a sense there are spin huge huge them on the stray sions and the sit in

a few days outside the israeli embassy the minus traitors are asking the egyptian government that's least expel this really and personnel from egypt vision government so mistakingly has not responded to the will of them on a straight as for weeks after weeks they have not been serious enough for responding to the public opinion and because of this inaction those the minus traitors to the law into their own hands and expel the israeli ambassador out of cairo there have been very keen in keeping everything in place as much as mubarak did but the new variable on the ground is that egypt's popular opinion has been liberated and that means they're not going to play silence again when israel commits any act of thuggery on its own our border or the people living on our border and that's what has brought down what happened last night so we have to look at the motivation to make a strategic solution to what has actually been happening. greek prime minister

george papandreou has promised to save his that stricken country from bankruptcy and press ahead with vital reforms in the he speech and economy and as he spoke police fired tear gas to disperse an angry crowd of protesters in the city office and only thousands of officers of the largest ever deployment of police of the country are all standing by with large and to austerity approach has this we can recreate is there accusing athens however of being too slow in cutting jobs and privatizing state assets the eurozone will decide by the end of the month of big government is doing enough to get the next eight billion euro bailout installment crucial for the green economy to staff load but antony while i did tell the political upside daily about the call of the greek people should not tolerate having. to use the arts and brothels imposed on them. all of i was greedy i certainly would feel like i've had enough to do with the whole charade has been going on you know these are sturdy cuts are really really much much deeper than been people read.