before. the experience of personal harassment personal discrimination in the last year and have every right to storing frenzies surrounding mosque building clams near ground zero or even in tennessee ironically if you go to ground zero and you look around it's all surrounded by a whole lot of food trucks most of what they're selling souvenirs and the like to the peddling of myths that shariah law is the legal code of islam are about to be adopted in the us. leading to. conserving and. builds. human lives the fabric of america where you are roughly seven million muslims live in the us yet many americans have never had any real encounters with their community i grew up in the northern midwest and anybody who tried to say that mexicans were going to take our jobs we have to

confront the fact that really there were no mexicans living where we lived and that's kind of the same thing here regardless of this argument. escalated to a point where i think in many ways it's good because it allows people to see how the bigotry really. here has also helped distract attention from frightening issues at home there is a very serious economic crisis and so we think that muslim focus is really scapegoating and provided the u.s. public support for wars throughout the muslim world we've been attacking muslim countries like they're going out of style for the last ten years the united states has really positioned itself with all these all of its involvement in afghanistan iraq yemen somalia libya for blowback also nine eleven islamophobia in the west is similar to anti japanese sentiment. after pearl harbor while there no one firm it

can be the muslim community feels like it's under siege would even a prayer at the mosque likely under someone's watchful eye and spencer target r t v or so we want to take a deeper look into this notion of islamophobia in america and to help me do that earlier i spoke to a couple people with some strong opinions on this matter carol swain professor of political science and law at vanderbilt and nashville tennessee carol is also the author of be the people of culture reclaim america's space and promise and in studio i had a human abdulla mussa who is the director of the mustard all islam islam and center here in washington d.c. started off by asking our guests to comment on the notion that today feelings about feelings by some about muslims can be compared to anti japanese sentiment after pearl harbor take a listen. no i think this is more like a hipster ism with jews in germany in a 1930's the way muslims are being treated the way

a justification is made to spy on muslims all over the united states to allow entrapment and what have you and the general open harassment of muslims is worse than mccarthyism it is more like most of us and because there is a state of fear that exists in the muslim community today carol i want to get your response to that do you think that islamophobia here in america first of all is alive and well and do you think it can be compared to naziism first of all i'd like to thank you for having me on the show i disagree with the slant of the newscast i think that there are some americans that are concerned about islam radical islam but i don't see hatred of muslims there are far more acts of anti-semitism than are then there are acts a balance against anyone in the muslim community and i believe that americans see what's happening in europe and that they are rightly concerned we have to be able

to talk about it without being labeled as haters and racist or whatever other that that you want to be around them carol let me ask you this when we saw for example the mass protest that came out against the mosque near ground zero the islamic center there as well as these hearings on capitol hill you don't think that there was an element of hatred and any of those things you know i think that peter king was doing his responsibility back and just in the hearings in something like twenty percent of black prisoners that have converted to islam we know that kaiser is recruiting american citizens yes go on this and to create to commit terrorist activities and so peter king's hearing i think that's congress' two hundred job and with the grand. my ask i thank you it was inappropriate to seek to place a mass so close to the tragedy it was poor judgment on the part of some organizers

in the muslim community i believe americans would be less afraid it if more muslim leaders would come out and condemn balance can d.m. anti-semitism and show that they really want to be americans they don't want to realize that us but they realize that we can only have one america. even your own muslim leader in this community do you think it's your responsibility to come and do that well let me explain a few things this is to think totally misguided on many issues the first issue relates to muslims in prison because i did a little time in prison myself except a true islam while i was in prison and when you were created by al qaeda while you weren't present this changed me for transformation from one of the main drug dealers in northern california multimillion dollar operation from a drug dealer going down to colombia and starting to bring back drugs myself even

after being hassled here from back to his song trying to help raise humanity to a higher level to stop trying to create was around the world other thing is is that and song is transforming not only individuals lives but save the black community itself there's no program in the federal state and local governments can even approach the reformative as pic of islam in prisons carol anthony that's i mean you're saying that there needs to be some sort of closer look taken at the muslim community is that correct you know i think the muslim community needs to what they acknowledge in that there is a public relations problem but it would be very happy for. us complete it instead of calling people to criticize. islam haters and nazis and whatever they want to call them they need to. try to bridge the differences and

condemn some of the columns and not take such extremist rhetoric i think the tone of this program and the wrong signal i'm more concerned about and for them it isn't because it is growing if you look at the f.b.i. hate crime statistics it's that youth in america and in parts of the world really wanted but a lot of the other want to. and that was carol swain professor of political science and law at vanderbilt university she also wrote the book beyond the people a call to reclaim america's faith and promise she was joined by you mom of two all the moves on director of the masjid all islam temple in washington d.c. and that is going to do it for now but for more on the stories we covered go to our web site r.t. dot com slash u.s.a. you should also check out our youtube page it's you tube dot com flash r.t. america alison you should also follow me on twitter at frowsy i want to thank you

so much for watching hope you have a great nights i'm christine for example. download the official c.m. placation kill on phone the i pod touch from the i.q. sample. the jaunty life on the go. video on demand keys in mind the old comes and says feeds now in the palm of your.

pushing on the dot com. more news today violence is once again flared up the phillies are the images the world has seeing from the streets of canada. trying to hope for asians or today. the lucky. you. guys are facing herbert. so let me explain something. alex shaffer before he

was an unknown artist now his work is acclaimed and in demand all of the world this burned chose portrait twenty five thousand two hundred dollars on e bay there's no let up and demand for burning banks and easier access because he's exposing the confidence game happening around the world and that's one of our big themes of the show today pursed headline reads goldman head gold trader speculates about authority intervention in gold sees precious metal pushing higher so this is zach polya and he's the head gold trader for goldman sachs and he's referring to when the swiss intervened in their currency market and the swiss franc of course is a classic safe haven currency so he said the expectation would be of course that gold would rocket on that but in fact in the immediate aftermath was in complete contradiction to prior recent episodes of intervention and what anyone would have expected instead of spurring

a further gold price rally on the basis that it was one of the few remaining safe haven currencies we saw fifty u.s. dollar collapse in minutes the source of this flow seems hard to pin down with some speculating over whether authorities were concerned about the signals of an accelerating gold price and its impact on other fragile markets soon after much of the losses were recovered but the psychological damage had been done well gold and skyrocket against the swiss franc and also this is world war three it's gold versus paper it's authenticity like gold versus. city like the. american paper empire it's about a new century with new values of a country like the us with only paper behind it crumbling yes but it's also part of that confidence game in order to maintain confidence in the u.s. dollar everything else must have no confidence people must lose all confidence and

all of the things including called which has been a safe haven for five thousand years so america is trying with all its might to try to destroy the entire system as we've known it for five thousand years i want to say nothing by the us but paper people say oh they've got a thousand tons of gold but keep in mind that you've got a bag of j.p. morgan they have sold short the equivalent of many many many times that eight thousand tons of gold and silver to support the dollar so when all the claims are made whole j.p. morgan goes the way of enron to zero the fed goes out of business the u.s. goes into history and the other interesting thing here is that many gold analysts around the world claim that there is it's a conspiracy theory to think that the u.s. government or the c.m.e. or comix would intervene in the gold market but here is goldman sachs one of the biggest call traders in the world one of the biggest commodity traders in the world

know these markets and they're saying they're suggesting that there is government intervention but goldman sachs is now agreeing with gold antitrust action committee data which for years was in the world on earth people saw it all it's a conspiracy theory now goldman sachs mainstream online mottos down there on wall street are saying yes and that is correct right of all those manipulated by the paper whores and of course in every single war there are side ops and that's exactly what this man at goldman sachs and first who is the psychological damage and i want to show you a quick headline in response to you earlier this week when gold fell fifty dollars in a matter of minutes joey's and paul said. yes how like would gold just did so that's the psychological impact they're looking for jellies of all is a propaganda minister over there business insider dot com he puts out propaganda no it's not you know you look at that look at look at the frank crash here wrong he if

he were putting out propaganda he would be working at the treasury or at j.p. morgan in fact he is the person who listens to baghdad bob and it's like oh my god reporting in the guardian and saying baghdad bob says and then the infidels are people slaughtered at the loss of dad well it's always a balls of the propaganda meister over a business insider that has overall or. is enraged how come you don't come on the show you keep turning away my invitations and really go to. a well let's look at some more wars going on khadafi regime sold one billion dollars of gold well these are the allegations of cassim azouz the new central bank governor who said it could offer a regime raised more than one billion dollars to pay salaries from trading twenty nine tons of gold with local traders and able with a metal then possibly being taken out of the country for resale so they pay a subtly of the soldiers paper because they sold the gold rights to raise well this

is what cassim zoos the new central bank governor put in by sir cozy blair cameron and america so he's their guy in the central bank and he's saying it looks like and off he sold twenty percent of our gold twenty nine tons now we're taking at his word that it didn't just go missing because remember we zero hedge all the earth before the and as the invasion was happening we said what's going to happen to libya's gold well it off is still alive. and it should be a lesson for you if there are thinking about buying gold number one. number two he saw some of those gold for paper that he paid us soldiers and paper so those soldiers are complete idiots and they took paper instead of gold the whole history of gold as we learned from our show with david graber yeah he said that gold always comes back into use as a currency because it's used to pay soldiers so america is trying to tell us the

society but in fact in this case they don't want all the soldiers didn't want gold they wanted cash they wanted u.s. dollars. parable but again you know the article mentions and point out this is from the financial times that could offer it was unique libya was unique in that there are some troll bank actually held their gold in their country unlike chavez they point out so a lot of this is another theme we're talking about all the time is that many of these nations around the world including germany china and chavez were were holding their gold in america and whether or not they'll ever get back right of us was two hundred tons of gold shipped back to venezuela one hundred tons of the bank of england undertones held by banks like j.p. morgan and if he actually delivered a gold j.p. morgan once again start zero so let's say with libya here tony blair of libya policy fuel power obsession of khadafi son again this theme of the confidence again. tony blair snake oil salesman went to tripoli brought in khadafi and

his son to pretend that they were part we're giving you our confidence you're part of this game say follow islam you know as nato is dropping bombs on him who is he shouting at sar cosey not a blair he still is a victim of a confidence game where he still believes the guy who sold him out is somehow sarkozy and not tony blair in a tony blair if push comes to shove he should start selling those not choppers on late night t.v. you know the guy vince is a famous seller of chomsky's on late night t.v. if you have a retires tony blair you gonna love my nuts watch this so easy one peter i can do one thing or you guys can do the whole the reason you're going to slap away every day because it's so easy to clean so the confidence game sold to the west and to the people financing it the taxpayers of the west who think they're getting something is they're told that khadafi and say follow islam are uniquely crazy madman and dictators and killers and of course information is emerged that we were

sending people there to be tortured over the past few months including up to few days before the regime we decided to topple them that's i mean that's kind of a new revolution as a because anybody in these other areas where us people have tortured me to know there's actually happening in libya as well. you know america likes to outsource everything all the workers all the work all the jobs and all the torture you know torture jobs to americans like outsourcing you know people torture jobs inside america so but the story to the westerners is always that we're protecting the rebels we're protecting the freedom fighters of libya and it has nothing to do with their oil we are pure people here so let's turn to this headline turkey to escort gaza aid ships amid route with israel well this is turkish prime minister erdogan and he was saying that his country is now going to escort gaza aid ships and that's the headline chosen here by the b.b.c. . the rest of the story i think reveals the true nature of this religious war going

on speaking to al-jazeera mr erdogan also said turkey had taken steps to prevent israel unilaterally exploiting natural resources in the eastern mediterranean and appears that israel has decided to recognize cypriot rights to the natural gas reserves that are allegedly happened found in the eastern mediterranean and now there's it's a resource war all throughout the middle east really it's about their oil natural gas and water yeah it's also interesting that the i.m.f. sun's going away in greece seemingly work in khinjan. greece shutting down the chill of boats from leaving the court of athens to go to palestine so continuing on with this theme of confidence man especially those guys operating from j.p. morgan one man lucky diamond presses washington to ease bank rules this is

a bloomberg series that influential fifty and this article here is just amazing to read because it's a paragraph after paragraph after paragraph of quotes talking about how fantastic jamie diamond is and they come from people like hank paulson and they come from people like some lawyer dude from a wall street firm that represents wall street bankers and it says things like when treasury secretary henry paulson needed someone to save bear stearns from collapse in march two thousand and eight he turned to diamond we've done and we've done and by the short and curlies he needs the entire regulatory infrastructure to change to allow his bank to go even deeper into debt to support his naked silver shorts we've got a. higher jamie diamond is panicking that stock is like enron right before a collapse mark my words hedge funds out there sure make a bundle well so continuing on this piece about how they're fluff piece on jamie

diamond diamond emerged from the financial crisis a born again hero his bank took twenty five billion dollars in aid from the u.s. treasury out of patriotic duty not because it needed money. push allusions to the flow of the bailout nation of america please send me a billion and i'll salute your every morning thank you and that i was the only goes on they then compare him to j.p. morgan's company's namesake john pear point morgan diamond was harold is as the lender of last resort when other institutions faced a run on their assets that's a ridiculous comparison j.p. morgan the big guy that was his money yeah jamie diamond has all access to borrowed money he's a he's a he's a full saw that exactly well that he has access to the taxpayers' aaa rating to borrow at zero percent from the u.s. treasury and the federal reserve bank on behalf of the u.s.

taxpayer so you need doubling plus double double a plus all right. thanks so much thank you max they'll go away much more coming away there either.

welcome back to the kaiser report imax keyser time now to go to new york and talk with nick verbinski he's the director of a new film called confidence game a documentary that examines the final week in the life of investment bank bear stearns let's take a look at a clip as beer was shoving billions and dubious loans through its c.d.o. pipeline management works hard to cover up any problems along the way something van leeuwen found out when it was discovered that the firm had illegally sold investors millions in securities holding loans originated in west virginia. sometimes corners were cut according to west virginia code you have to be licensed by the state in

order to service loans secured by property unless which. it was discovered that bear stearns there had been west virginia loans for several years now and were not allowed to service it without reporting the oversight to regulators here and forced a mafia style code of silence within its walls to quietly fix the problem ok that was tough in its game directed by nick verbinski nick want them to the kaiser report hi thanks for having me all right before we get into the substance here tell us a little bit about bear stearns what sort of bank were they how did they fit in the wall street matrix and when and how did they collapse just on a timeline well it's a good question of bear stearns was known for many years as the most brass balls profit powerhouse on wall street and they had a reputation that they really reveled in which was that they did business with whomever and however they please. and for many years that work could their great

advantage as the profits kept piling up but what eventually happened was half of therefore we half of their firms became sunk into the subprime mortgage business and once we saw him up in that business you know. seven when she often these headphones blew up it was about nine months later where the firm completely collapsed under its own weight a lot of people say it collapsed in the space of a week but when you really look at this story the demise of this firm was many years in the making when the firm collapsed it had four hundred billion dollars in assets and two only twelve billion in tangible equity so really what the firm was doing was they were funding their daily operations of the overnight commercial paper market and what eventually happened was when that dried up they were refinancing their mortgage on their business just about every day and when that source of funding dried up the firm collapsed ok now the way that bear stearns collapsed i recall that the company was effectively being attacked by naked short

sells and these were far more shares being shorted then shares existed for they counted in other words counterfeiting of shares sold so it's rather priced out of the stock you have more information on this and what raul didn't see n.b.c. play and driving this vicious loop of cattle spinning lies on c n b c while counterfeiting stocks to sell the naked this the company's shares down to zero well there's certainly a lot of talk about naked short selling and how it affected bear but really first of all we don't have any information on that at this point the f.c.c. launched a very wide ranging investigation when the firm first collapsed there were the street was rife with rumors about all sorts of conspiracy theories where headphones had colluded to bring the stock down and bring the company down but really what you started to see was more the naked short selling what you saw was an incredible expansion in credit default swaps spreads people were buying insurance on bear

stearns that they didn't actually own and once that happened the incredible demand for insurance on bear stearns that bryden their credit default swaps and really dried up their sources of funding once the overnight lenders and everybody else started to see these things that. well step back from the firm and said what you know we don't know how this turns but you know we want to get out of this before it you know we're in tangled and it's so it really i think that the credit default swap part of the equation is a much bigger story and maybe naked short selling although naked short selling i'm sure had an impact. as for a c. and b. c. goes especially with with regard to credit default swaps there was a seminal interview between david faber and alan schwartz then the new newly minted c.e.o. of bear stearns on wednesday march twelfth and really you know the stencil purpose of that interview was for schwartz to calm the fears growing around the firm and before he even had a chance to do that david faber threw a question to him based on a credit the four position that was going to be closed out by an investor who later

turned out to be carl bass and apparently bass told faber that he couldn't close it out with goldman sachs and once favor it kind of mentioned that on the air everybody on the street started running for the doors immediately and there was really nothing that alan schwartz could have done about that really troubling thing about something like that is that that trade actually cleared the very next morning there was a point where c.m. d.c. kind of stepped over the line from reporting the news to actually making the newest and it really had a material effect on bear stearns right on a couple of interesting points there the big c.d.s. market or the credit default swap market it was really born out by this particular situation and the risks involved there when the counter parties involved in that market don't have the wherewithal to cover those bets famously when a.i.g. collapsed every day they were they counterparty for many of the c.d.s. contracts and and the trainers on wall street now this and write contracts knowing that they'll never have to make good on them because they can't parties bankrupt so

that's part of the fraud that we see as far as they could start selling goes i know i can tell you personally having looked at the situation myself and knowing having invented a lot of technologies that run these systems that there was massive naked short selling it's like asperity theory it's an absolute stone cold. in fact and it's counterfeiting on a wide scale and it is pervasive on wall street and throughout the u.s. economy but let's move on. c.e.o. jimmy cayne who was seen golfing while bear stearns collapsed was it just because what was that all about is the jimmy came out he's very famous on wall street for some of his peculiar habits but what was the story there well you know jimmy cayne was the one time see your various turns you know and since the company had gone public in the early ninety's you know he had become really a legend on wall street he held over a billion dollars worth of the firm stock and by far he was the most heavily invested in his own company he was really trying to go what.