has always been afraid the ex plans of but that can solve it times there is not an issue of economics but rather politics possible needed to maintain in smiling face here it is bergen at any cost but our production volumes have going to build just a fraction of what they used to be but one thing any russian presence here is still considered a matter of strategic importance of this subject math die hard the minds of quitman haven't changed much in the last fifty years while there after the composition of the workforce could makes a viewer feel saw. about the symmetry of i'm twenty seven years old so i don't have clear memories of the soviet union but i do salute spirit is very well preserved here we have people here from ukraine central asian and we all feel like citizens of one country ironically the attitude toward the mines profitability is not so inherently soviet it's been a loss making venture for decades here increasing its efficiency is politically inconvenient. because coal mining is what allows russia to the president's speech

to be profitable we need one three times as much calls we do now but since the posits are finite we have to go slow. meanwhile russia has notably increased funding of scientific expeditions and spitzbergen and in africa to explore the archipelagos natural reaches. we keep the baton why is a geologist who first arrived in baron's work in the early eighty's because of the soviet union tree geology for business but the recent upturn in state funding allowed him to come back as being the. key to all the arctic graphically it's a place where the global weather is before you could drown for science and money and its oil gas and other minerals it's a place we simply can't afford to lose. and his country seems to agree that we got our key bearings works peter bergen archipelago on. all the latest business news on

the way now with ready to go. hello and welcome to business here on our at c the world bank says the risks to the global economy are rising and so are the risks two of russia's growth the slowdown in the us and the that crisis in europe are all going on the country's economy the world bank has cut its g.d.p. forecasting four percent from floor point four percent for this year but high oil prices and lower inflation could help russia sustain growth. but i think that you should really. look at your situation in russia is fairly favorable we are in surplus city there are probably almost there was a budget this year and i think that temporary paper will situation should be used including the more serious medium term fiscal constraint and reducing the known fiscal deficit in medium term which i think would be important for russia to

significantly strengthened its in its fiscal position over the medium term so i think you'll be picturised to show three pictures favorable but there remains serious leading to a major structural issues that will go the rush over to the shipping list the playmaking it was for creation in. the first picture gaps and in all that had. a cycle about the markets that will start with oil crude prices are higher after three months of unemployment figures in the eurozone johnson the most since the financial meltdown ensued thousand and eight in the u.s. markets are expanding gains and so forth a number of applications for unemployment benefits rose last week to the highest level in nearly two months potts investors remain confident after the european central bank said it was working late in with the federal reserve and other sides of banks european stocks are rallying after european policymakers said they were convinced greece would stay in the euro zone the footsie is saying just over two

percent of all that that since adding more than two and a half percent and here in moscow markets closed on the positive notes the r.t.s. rose over two percent although my certs gained one point three percent. and here's a snapshot of the index who was on the my side soil may just seem to have you here rallied on news that will invest forty nine billion dollars in business over the next decade flagship carrier air flight also added in the pellagra after it bought back its shares for about seven million dollars and back of moscow gained over six percent of the spike more corporate results. that's the lenders that profit more than hoffman first eight months off a year to one hundred six million dollars and even if violent wraps up for those fight for us. the markets were very strong today and it's the major reason for these that we saw probably the largest teen russian history separation of futures on arthur's index open position the morning was something like go three billion or

so from three o'clock to four o'clock or we saw at the expiration actually that's was the price you know an excess and it was fantastic drug in general the market is two point five percent up it's also supported by good news from europe there were some dollar liquidity measures announced and that's sort of a great relief for european banks and the data on unemployment and inflation in the united states where it beat negative but actually the markets ignored it at least right now it's not much influence and the fears over global recession spread concerns over growth and many industries and the vehicle market is no exception marcus also got it from paul simon group here in russia says although there are still war ease that some other countries car market is still promising if you look at russia in general and the car potential there over the long run. it by looking at the number of cars per thousand habitants looking at the age of the car park

then definitely russia is growing we will have friend russia because that car market in europe great great you thirteen thirty forty so the general outlook is very good in russia of course you never know when is the next the people coming when is the next crisis coming so our investments are safe and we are happy with our investments so we definitely want to want to grow again in russia significantly . so currently we aim at an end of market share of about eight percent and we differently maybe we can already reach the true digits next year and for the markets. but also the business news for now the headlines are next with.

the loomis the sucks it's just simply exists. exists to. see.

if the most so cool new the latest in science and technology from the ground floor shifts we've dumped the future coverage. it's are past the hour here this is the first fish and french leaders visit the libyan terminal in a show of support for the new will force the johnsons with signs the mileage of a rift within the national transitional council. also russia says it's time to lift a un imposed no fly zone over libya introduced to save civilians the measures criticized as being ineffective as it doesn't help those trapped in the loans for maining the japanese strong it's. a blow for the billionaire who turns of politics russia's bird which is

a man sensation he quits as leader of the policies headed to just three months. right now an aussie rice responds are coming up rough against american rules max keiser and stacy abbott explain in their own unique way that's the report coming out next.

i'm kathleen cleaver but. this is a prize a report and it must be a big story here talk to me but max it appears that your billboard in times square was spotted your five hundred dollar silver if you want it we received this tweet from sean ono lennon max and stacy are like the eldridge cleaver and kathleen cleaver of the financial revolution but this time will be televised that's sounds right. well which cleaver was the minister of information for the black panther party and he was you know standing up against the oppressor that kept them in ghettos and you and i here on the kaiser report are resisting the financial oppressors that keep us in debt ghettos that's right and he's also famous for

a pair of trousers that he designed the. cleaver sleeves these are the pants i wear when i'm going to show. so i want to show you that the financial war is on and war this war is over if you want it j.p. morgan chief. says bank rules anti u. s. yeah i saw that tell us more so j.p. morgan chief executive jamie dimon was interviewed in the financial times and he said i'm very close to thinking the united states shouldn't be in basil anymore i would not have agreed to rules that are blatantly anti-american our regulators should go there and say it's not in the interest of the united states we're not doing it and this refers to recent tear on capital to nine point five percent in relation to the banks that are too big to fail including j.p. morgan and i'm really tired of j. p. morgan and jamie diamond creating america like a special needs child and i'm tired of him trying to convince the world that an

american needs to be coddled and treated like a baby americans want to compete they can compete except for banks like j.p. morgan that have snuffed it down with too much debt if jamie diamond resigned if j.p. morgan were shut down this would be the most greatest possible thing for american competitiveness because he's choking the competitive spigot with this debt fraud and pushing he's a terrorist jamie dimon is i don't say that to be glib stacey however i'm saying that because he fits the profile of a terrorist he's a psychopath he follows an outdated ideology he's willing to kill himself or is god i think that is actually terrorists tend to use asymmetric warfare because they themselves are weak and they cannot fight against the power of the empire so in this case i think j.p. morgan and jamie diamond are the empire they are operating the financial war they are carpet bombing us with debt and it's so it makes sense that people are saying

yankee go home like in the vietnam war of course but the vietnam war is getting more and more resonance in this era because you've got the stagflation you've got the eldridge cleaver castle and cleaver of the financial peace of chance movement back on stage and you. the eldridge cleaver pants which should be coming back in a huge way and of course during the vietnam war we saw agent orange used to carpet bomb the nation of vietnam our current agent orange in this financial war is high frequency trading the three hundred million pound cable that will save traders milliseconds and this is a nearly five hundred million dollar cable being laid across from new york to london and this is in order to save six milliseconds over the current sixty five milliseconds that it takes to cross the current cables this is high for just a trading in this three hundred million pound project i mean high frequency trading

is looting ok now this is what i don't understand why david cameron in the u.k. he castigates the looters and the rioters but all they're doing is any elating j.p. morgan bankers they're looting this is a high frequency trading looting and they're getting the government they're getting these people who are looting you know sticks of juicy fruit go on the street because they're having their money stolen to pay for high frequency trading looting of course are going to be looting of course you invited this into your own homes because you support looters at the pension the city of london and that new initiative to split the two banks in between the casino bank of the utility bank in the u.k. of course has been delayed another five or six years because david cameron lives alluding he is in fact a terrorist is known to say that not to be glib i say that as a point of fact cameron and also more large barrister financial terrorists they're committing financial oppression they're telling people but to put this into context how much they can loot one millisecond advantage could be worth up to one hundred

million dollars per year to the bottom line of a large hedge fund so max you know markets where do they get this one hundred million dollars in profits or one millisecond by stepping in front of normal trading activity on the exchange and all the buyers and sellers time together to effect a trade if you can step in front of those two and. korea met a trade that interrupts the normal functioning of markets and steal a few pennies from that price discovery moment you get to lose a few pennies multiply that times a trillion and you've got many many billions of dollars worth of illicit profits that go into the bottom line which incidentally is never reported because it's held off balance sheet or in a shadow banking system or a pet off balance sheet bank j.p. morgan the enron of our times there are going to zero expression if we get five hundred dollars silver then j.p. morgan stephanie goes over and that major financial terrorist be wiped out well max london is the heart of this financial war and wherever you find financial mercenaries and warriors you find prostitutes lap dancing takes off among students

struggling with b. so apparently students in the u.k. have been saddled with debt up to nine thousand pounds per year and these fees and they're turning to lap dancing so london has become kind of the side on of this financial war they love a long time we love you long for you love you long and it was all restylane and all this anyway you know it's funny because the airport ramp from the airport in may state goes on to the promenade is on the way the matter what country is having the worst financial crisis at that moment there's usually prostitutes from that country on that off ramp you see the mother coming out of the airport and i want to be surprises american young american girls they're still getting themselves because of the financial armageddon that's visited upon them from their fearless leader oh glorious obama well it turns out that eighteen percent of the lap dancers at this one lap dance and chain in london are college students and the owner of this chain says that these girls are very popular because his clients often don't expect them

to be knowledgeable in interesting as well as attractive overt it they like to have a lot vested interest rate differentials from you know school of economics coeds but unfortunately a prostitute themselves because. i was born in cameron raised that to wish and free to pay out the bail out the banks of us more money down these clubs every may and this is us more should be you should want your husband to be a little bit more above board with his economic policies or else we're going to lose him to the twenty two year old should sit down in the rhinoceros lap dancing spot so the carpet bombing began nine eleven two thousand and one that annual holiday in america since nine eleven it has paid to own silver gold and oil again this is the asymmetric warfare that we have identified with the five hundred dollars silver if you want it you can and this financial war it's in your power to

end this financial war the best performing asset according to wall street journal in silver it's been up more than nine hundred percent since the eleventh of september two thousand and one gold was a healthy second up five hundred sixty eight percent in oil up over two hundred percent that we called it in two thousand and two we said go ninety percent of your portfolio into gold and silver i haven't changed my allocation sense and i'm still ninety percent gold is over but max what about the psyops here because the dollar in that time is down thirty four percent but if you were to look at the other financial news programs you would think that the safe haven during this entire time it's always been the u.s. dollar those get prominent headlines and you would think in fact that the valar teil dangerous asset to associate yourself with is silver because the mainstream media like c n b c is a propaganda outlet like again the vietnam war if you look at those vietnam war movies there's. some chick on

a speaker someone saying you americans you'll never win this war you are part of the that's what c. and b. c. is all about they're flooding the airwaves with propaganda that the dollar is good and that precious metals are bad and of course we're going to lose this war because soldiers go to five hundred thanks to you and of course many in the west think somehow. how they're not the ones also being carpet bombed so let's look at this other headline in this is from january of two thousand and eleven the difference ten years makes and the chart is literally a picture that tells a thousand words employment down income down household net worth down g.d.p. up and yet incomes were down knocks that news but workers were sharing none of that wealth of the average household down corporate profits up obviously you see that number of their the most yes corporations been given. all the money they could possibly ever want from the government and they don't have to hire anybody they can fire people so again it's the model of terrorism and you see that the two columns

for the right are health insurance and oil prices those are up and health insurance of course is part of the financial sector many americans don't understand that they don't believe that they will call it socialism if you try to take that debt away from them but it's that financial war americans are stupid because they're willing to lay the participate in group for discounts on they'll care or sushi but they won't want to group discount on health care so let's talk about more of this financial war and the debt bombs being thrown at everybody to find a headlines here max g. eight reese's arab spring financing pledge to thirty eight billion dollars so they doubled the amount they're pledging they were at the psyops they make it sound like we're giving aid to these you know these people in the arab spring countries and in fact it's all loans almost all of it by the g seven countries including france italy on the verge of collapse where do these people get the money the i.m.f.

is also pledging thirty five billion in aid debt to these countries where do they get the money that's occupying occupying this countries of debt its debt as we've been saying debt terrorism it's dead terrorism debt carpet bombing of these countries used as a. mission of control has just been spreading for decades christine legarde new i.m.f. it she understands this philosophy very well she's a debt prostitute she's a debt madam if you wealthy the debt not him and these countries are debt prostitutes i mean christine legarde she she loves the arab spring long time. so and then here is another part of this financial war here max savers missed out on forty three billion pounds in interest since march two thousand and eight so figures from the bank of england suggest that savers of lost more than forty three billion dollars since bank rate was cut two point five percent two and a half years ago but borrowers have benefited to the tune of more than fifty one

billion pounds as they have paid less in interest on their loans over the same period but the amount goes it doesn't add up if you want to restore the economy raise interest rates so people can save money and that you have capital as the basis of capitalism and always it's that and that anymore and i have one final thing to say on this max and that is that to put this into context in the u.k. at the moment there's a raging debate about the spiffy percent tax the bankers are resisting it but the fifty percent tax rate will wait twelve point six billion over five years here forty three billion stolen from savers over two and a half years and they remain silent they were here making the noise for the same hours in the interest of the savers where they kill and eldridge cleaver other new seventy's give peace a chance move says our friend shot on a limb silver liberation army all the way. on it stay right there much more time anyway.

renewed elitists in science and technology from the rooms. we go to the future covered. buggy magnetize report imax cars are time now to go to manila and talk with iss yamma yanis juice is an economics futurist and guest blogger and ode to minds dot com welcome to the kaiser report thanks for having me max all right says we've covered one of your recent posts on the cause the report called endgame alang debt is strong debt forgiveness is the last and ollie remedy tell us about the

argument you make for debt forgiveness well one of the most basic arguments for debt forgiveness has to do with arguments that have been brought up by your you know guest michael hudson and myself and others and that simply that debt especially when the interest is attached to it goes goes on indefinitely and it goes up eventual even if it's a small interest it eventually goes up exponentially and now actually commies don't follow that trajectory they they usually plateau out a little bit and even decline at points and if you have debt that will go on come hell or high water and economies that fall off or even out after a time what's going to happen is that more and more of the productive capacity of those economies are going to have to go into servicing the debt to the point where the fruits of labor and the fruits of production will be entirely consumed at some point and then assets have to be cannibalized to pay off for the debt and clearly

you know people the only way to get around that is to just try to ignore it but at the point we're at now especially when it's compound by fraud and debts that are just thrown into the system of tens of maybe even hundreds of trillions of dollars it just makes. a. real solid case for saying we don't know which debts are valid which ones are not we know the basic mathematics of that we need debt forgiveness to basically zero the value scale reestablish and reward productivity and have an a start out again with our value create value creation going from the right from the right perspective right so because of compound and rate of interest the debt is expanding exponentially whereas any growth scenario to pay off their debt is bound by arithmetic growth curve so these two will never meet so paying off the debt is impossible but let me read to you a comment that was made on our site from someone named

a new one moment who said quote debt forgiveness would reward people who made stupid decisions in disadvantaged the prudent saver your response well i mean that's a real typical one but i've the easiest response that i'm to say that's what i'm doing already i'm a saver actually i don't have debt i have a pretty decent liquid savings i don't have a mortgage payment i don't have car payments i don't have student loans but a my savings right now are being used to subsidize i mean this is what he was talking about is exactly what's happening now to an extreme degree my savings are not subsidizing banks bailouts they're subsidizing people who are foreclosing who defaulted on the mortgage who are living rent free and zero interest rate policies i'm subsidizing connotative easing i'm subsidizing skyrocketing necessaries like food and gas are being complicated by this and it been a list just goes on so the first part of the question of the that's what we have

now we have a pretty severely and the second part i would say is you know debt forgiveness is not about rewarding or punishing a savers are better it's about reestablishing productivity as the basis. that's the way that i view it anyway. if i had other people's deaths absolved right now and i would be immensely helped as a savior because i wouldn't be subsidizing all this phony wealth and i wouldn't be subsidizing all this debt out there and currently that's exactly what i'm doing and you know there's another thing here too i mean when it comes to relative disadvantage. yes i would lose a little bit of my bargaining power if i am you know not able to sort of go to a debt stressed home a home owner into selling for pennies on the dollar but that's not what i want i want quality of life i want communities that are sound i don't want to be

surrounded by a bunch of empty houses that are just in permanent for closure and i want my for i want to be able to go out with my friends without having them work two jobs to try to pay off a lot of this project meant that so i see debt forgiveness as a way to to level a lot of the playing field and i wanted to make a clarification though for my article which i didn't get into and that is this does not mean that there will be no bankruptcy or no criminal or civil prosecution and quite the contrary and in part of for debt forgiveness would have to have those things brought forward as a way to make sure those conditions didn't continue to exert themselves after the debt forgiveness was enacted and the actual administration of that is it for another paper and i'm actually writing one on that so i don't want to get into the details but that's the general. framework that i'm dealing with ok what about the role of the central banks and the i.m.f. is is in keeping the debt issue unresolved well i mean i go back to what you have

either implied or outright stated these guys are sort of like debt drug pushers they promise the world that it's going to change if you just invest in borrowed money and so forth and if it doesn't turn out quite right then you're kind of hoped on to the payments and and those agencies. basically functioned in that way they've done it through development and funding infrastructure projects that put countries into serious debt and then they use that debt to gain access to resources and other kinds of things but i mean i think one of the most important things to understand here some people the general public loses this is that these banks represent and are agents for private profit seeking banks that benefit usually a fairly narrow slice of the population they're not they're generally when you look at their actual activities to benefit the market see at large i look at for instance the.