in the middle ages they had a different tactic they mostly had usury laws so lending money at interest was illegal also debt candidate self 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 be false. this is crazy i mean not only economically is it 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 and credit we're in an era now where institutional a creditor is protected versus the debtor exactly in fact they

made bankruptcy laws more difficult they need lending at interest easier you know the usury laws that we did have recently abolished in the beginning of the eighty's here in america and similar things happened all over the world suddenly you move from a sort of welfare state model where people think that social benefits this idea where it well you can get credit credits to save the world everyone is for a one k. the one as 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 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 going to work for somebody else would be probably a lead. listed 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 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 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 huge ways so i mean that's a hopeful sign 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 and 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 a 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 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 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 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 win 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 people are saying is bull. oh right fine if 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 renegotiated and that's what people are calling for and demanding and i i think it's very promising for a 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 redub people the question is are you arguing that money quote in a sense of exactly equivalent 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 purser comes to answer 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 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 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 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 our thank my guest david graber if you want to say me now please do so at kaiser report at r t t v dot are you until next time this is mexico saying bio.

on. them.

all.

okamoto there's ice hockey stadium becomes a place of mourning with hundreds of thousands including prime minister vladimir putin paying tribute to the forty three victims of wednesday's plane crash which claimed the lives of most of the chino and he started. a nation guard's new security threats emerge on the eve of the tenth anniversary of the nine eleven attacks which unleashed they want to know right now he is by south to have been an even bigger threat to the world. and rescind the rocky relations between israel and egypt on but rather strange as protesters stormed these radio embassy in cairo down the boxes and almost all the stall for.

russia under around the world this is all see with me here thanks for joining us the home arena for us that was a locomotive the ice hockey team has upon the pilgrimage site for those morning most of its players and a key star who died in wednesday's plane crash over the hundred thousand people from all over russia including prime minister vladimir putin came to pay tribute to those who perished on board the yacht forty two airliner which crashed after takeoff from the city to survive a horror show on thomas reports not from a 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 jaroslav all different teams from around the country as well coming to say their

last could buy 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 them past team members opposed to his girlfriend you just before this crash took place and was looking forward to starting a family another woman twenty nine years old 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 but 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 prove duce 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 you talk to the next generation. of players the people who hope to become professionals and this is what they have 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 the book yet another good coach told

us that we should go out onto the ice and play for all the guys who lost their lives in his career's of the good old us to win for them to play our best. for these players practicing here is special as it was from this very arena where the doomed team done their states 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 bring very high spirits. one coach working with this news team 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 it's hard hard court a court. but then families and relatives or so i just recently miss them are going to. go on about my mom i'm going to miss everybody as are the next generation of jaroslava lokomotiv 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. they also have a strong urge to reinvigorate going cock now when they use championship and it gave their victory to my friends who guard was young and while this team practices and even younger group is ready to follow in their footsteps. come on the play if you don't mind where some are still he told us about them in ca manuel you need to be made in the team only ever bought stock market school i want to be needing that movie there's excessive no committees next to me come scheduled to be tested for the county the county is going to come right to school. proving that even though they've gone from the ice the members of this locomotive team. to be in the hearts and minds of the people of jaroslav and the nation for generations to come. be

shown thomas actually. the ceremony has also taken place in slovakia to remember pavel demitra group later the go trees national side and who died when his locomotive carousel teammates. fans joined the country's prime minister paying tribute in the town of pop rock their arena there reno the country's only. three track internationals were also among the victims with a final emotional farewell to the trio to be held in prague sunday. the investigation into what caused the tragedy seeing on human aero technical problems so go straight to our web page for all the news on the inquiry into the crash that shocked russia and the ice hockey world. security is being stepped up across the u.s. for the tenth anniversary of the nine eleven it's high and so will the of be ice as it is a credible terror threat washington dulles international airport was part of in a bomb scare before suspicious package found by a sniffer dog was given the all clear and american intelligence intercepted alleged

al qaeda communications in pakistan indicating plans for an attack in new york or washington. reports despite a so-called war on terror and many of its citizens still feel vulnerable in that country. ten years ago america was rocked by unprecedented terror. here the three thousand innocent lives were lost and if post nine eleven world was born. our war on terror. begins with al qaida. 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 a high pro-sumer bin ladin america strikes back afghanistan as only with bombs with

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 tension and rendition human rights violations symbolized by landmarks like watch hanum obey grade and the blogger airbase prison we had garnered the empathy not only of the world 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 deep 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 students 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 the refugee camps and the terror that we have

unleashed will not go on a 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 as this national security state grows as it becomes easier for the government to scrutinize and niceness in all aspects of our lives i think of americans are really worried about is the issue here is larger than just the specific isolated or there is a behavior that is all around us much of the way here at home from people in our

own country. since nine eleven a rising tide of islamophobia haase 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 had it not been brought to them on a platter by the u.s. government are now in jail and we have you know snowball the problems that's going on around the world only raise more hatred only raise more but families 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 being 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 has conducted an operation that killed osama bin laden the leader of al qaeda. still waging war in the name of freedom and there. again they get the right that it's them follow the military states. around the world the man behind nine eleven they now think. that international safety and yet illiterate are enough or not artsy. harmful not american decline not george kenny says that in spending billions of dollars and seize that peroration is the us has gone too far on shit focus on the well being of its citizens that how this could this whole idea of a war on terror has been an enormous distraction from real fundamental serious

problems here in the united states and despite everything that mr obama said despite everything that the republicans have said what we really need is a paradigm shift where we're concerned with the well being of americans that most americans don't really understand what the united states is doing they don't understand that we're spending and unbelievably mind boggling amount of money on making people's lives miserable all around the world that we have all these military toys that we use but those toys cause death and destruction and i find it hard to imagine that anybody outside the united states thinks what the united states does is rational reasonable and or necessary so. are we in a safer place the answer is infallibly no we're not we're making the world a more difficult more dangerous we're getting more people mad at us and we ought to understand that. since two thousand and one of ghana's town has not only become

a battlefield for the war on terror but also for the war progs 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 it's all she's lower ever discovered while nations 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 of pharmaceuticals. in the rolling fields of old spicher at this time of year you'll probably see wheat or barley right thing for the harvest but troy springs and warm summer's have enabled these farmers to plant a very different type of crop opium poppies they're under contract to a pharmaceutical company that turns the opium into morphine and co dean 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 are we destroying crops and then having to grow poppies in fields in oxfordshire is being used by the american and british government repeatedly one of the so-called soft arguments of the liberal arguments is that they're fighting a war on drugs this is completely opposite 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 can 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 obvious economics farmers are still being encouraged to grow other crops questions m.p. frank field think that policy has failed but the americans would punch america and we're following this behind them. and makes

a nonsense of what this relationship which when you're putting regime lives at stake not to be able to use it as a bargaining position with the americans to rethink a strategy which i think most people think. if we look historically has probably try and turn it frank field and his group poppy real. if think afghan opium should be legalized instead it would benefit afghan farmers raise much needed revenue for the governments nation rebuilds 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 drums 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 court how do we pay them for it isn't used. to transfer it into. to cancer. 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 farmers and the company they grow for next fall if they would give us an interview but palin 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 party oxfordshire three people have died well over a thousand have been heard in

a theater writing in cairo during which the israeli embassy was stormed a large demonstration demanding faster political reforms turned violent egypt has declared a state of high alert with most of the embassies start leaving and the israeli ambassador being recalled to tel aviv israeli prime minister binyamin netanyahu says his country will stick to its peace treaty with egypt just by their time. on television. israeli officials have condemned this in the act most terms the israeli prime minister binyamin 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 not protesters 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 say it to police vehicles and lie it they threw molotov cocktails at the police and burnt an israeli flag now three people were killed we've been 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 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 in a cross border raid that israel's is within the state 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 of course was a longtime friend of israel and this is why many 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 that of course is always in a delicate position because it needs all the flames 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. and egyptian journalist one hundred five times told r.t. that tensions between his country and he zero have been growing for months but says that cairo has done very little to stabilize the situation 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 a sit in of

a few days outside the israeli embassy the minus traitors are asking the egyptian government to at least expelled israeli ambassador from egypt vision government so mistakingly has not responded to the will of them on a straight is for weeks after weeks they have not been serious enough or responded to the public opinion and because of this inaction those the minus traitors to the launch of their own hands and expel the israeli ambassador out of there have been very keen in keeping everything in place as much as mubarak did but then you variable on the ground is that egypt's public opinion has been liberated and that means they're not going to face silence again when israel commits an act of thuggery on its own our porter or the people living on our porch 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 debt stricken country from bankruptcy and press ahead with vital reforms and a key speech on they called me and as he spoke police fired tear gas to disperse an angry crowd of protesters in the city office alone make it thousands of officers and the largest ever deployment of police in the country are on standby with large until the territory has this weekend request says they're accusing athletes however being too slow in cutting jobs and privatizing state assets will decide by the end of the month if the government is doing enough to get the next eight billion euro bailout stalled and crucial for the greek economy to stay afloat until while at the political website the daily belt of course that's the greek people should not tolerate having the. same brussels imposed on them. all of it was greed are certainly would feel like i've had enough for to do with the whole the charades i'm going on you know these are sturdy cuts are really really much much deeper.