archipelago an auction fully utilized only by moscow that for decades has been mining coal here. coal produced here has always been pretty expansive but back in soviet times it was not an issue of economics but rather politics moscow needed to maintain in smiling face here which is bergen at any cost but now production volumes have built just a fraction of what they used to be but one thing i mean the russian presence here is still considered a matter of strategic importance of the subject matter as diehard the mines equipment hasn't changed much in the last fifty years while there after a composition of the work force could make some good or feel solvent nostalgia. with i'm twenty seven years old so i don't have clear memories of the soviet union but i just assume that spirit is very well preserved here with people here from ukraine central asian and we all feel like citizens of one country ironically the attitude toward the mines perfectibility is not so inherently soviet it's been

a loss making venture for decades here increasing its efficiency is politically inconvenient but we. call money as one of those russian president's speech programs profitable we need my three times as much calls we do now but since that posits are finite you have to go slow. meanwhile russia has notably increased funding of scientific expedition spitzbergen and an effort to explore the archipelagos natural reaches. heatedly tomei is a geologist who first arrived in barron's work in the early eighty's the collapse of the soviet union and made him trade geology for business but the recent afternoon state funding allowed him to come back he's been in the bergen is a key to all the arctic geographically it's a place where the global weather is made for joe logically it's a unique ground for science and money in its mission and other minerals it's a place we simply can't afford to lose. and his country seems to agree somewhat

weaker artsy bearings work spitzbergen archipelago. ok up to twenty four minutes past the hour and i'll be back with a summary of our main news stories in about ten six minutes from now in the meantime the business update is next with marina stay with us for that. hello and welcome to the business here and i see the world bank says the risks to the global economy are rising and so are the risks to russia's growth the slowdown in the u.s. and that crisis in europe are all brain on the country's economy the world bank has cut its g.d.p. forecast to four percent from floor point four percent for the seer but high oil prices and lower inflation could help rush hour sustained growth. i think it should really be. budgetary situation in russia it is it is fairly favorable for

a surplus that probably almost always budget this year i think that temporary paper will situation should be used they implement the more serious medium term fiscal adjustment to reduce a known fiscal deficit in the medium term which i think would be important for russia to significantly strengthen its fiscal position over the medium term so i think the overall picture is that the short term picture is favorable but there remains sure is in the medium term a structural issues that are well know that rush them should be listening playmaking there's a patient in. their traps and in all debt. for a second look at the markets now european stocks rallied after european policymakers said they were convinced greece would say in the eurozone and here and also the markets close on a positive note so the r.t.s. froze over two percent more than my subs gained almost one point four percent and here's a snapshot of the end that's movers on the my socks oil major it's yanking everything

rallied on news that well the best way i'm betting and dollars in business over. flights and carrier air flights also and the reply after it pulled back it says for about seven million dollars and bank of moscow think more than six percent of the strike or for purposes of its. peers all of a global recession spurred concerns over growth in many industries and the vehicle market is no exception marcus also governs from volkswagen group here in russia says although there are still worries that some so for the country's car market is still very promising if you look at russia in general and the car potential there over the long run. but looking at the number of cars per thousand habitants looking at the age of the car park and definitely russia is growing there we will have been russia because their car market in europe will be great pretty thirteen thirty forty so they turn a lot. it's very good in russia of course you never know when is the next 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 and had a market share of about eight percent and we definitely maybe can already reach the two digits next year and some of the markets. but that's all the business is for now the headlines are next.

wealthy british science. is no time to cut. markets why not. come to. find out what's really happening to the global economy which makes cars or for a no holds barred look at the global financial headlines tune into cars a report on our cheap. decades back in china one thousand miles from the north pole. the are a key key mistaking it on a trip to spitzbergen non-controlling ok twenty years after the us is ours collapsed so between life is still going strong the the worlds are not the most statue of lenin presides over a ghost town the courage to submit heritage has become

a tourist site for those overcome by the cold war in the style of. the close up special edition on our t.v. . the fire cuckoo. cuckoo.

what you live from moscow this is r t how policy are not on top but your many stories the british and french leaders visit the libyan capital in a show of support for the new authorities all of the people in tripoli still backing come the daffy fear and their devotion might cost them their lives. also russia says it's time to lift the un imposed no fly zone over libya introduced to save civilians the measure was criticized as being ineffective as it doesn't help those trapped in the last remaining gadhafi stronghold. last ready for radar home becomes the third country in the space of a week to confirm joint missile defense shield plans with the u.s.

i'll be back with more on those stories and more news for us than half an hour from now in the meantime it's the kaiser report. i'm kathleen cleaver. well this is the kaiserin for your there must be a big story here talk to me well 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 sounds right. welsh 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 it is also famous for a pair of trousers that he designed the elaters lever sleeve but these are the pass i wear when i'm doing a show. so i want to show you that the financial war is on and war this war is over if you wanna j.p. morgan chief says bank rules anti u. s. yeah i saw the 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 reasoning to wrong capital to nine point five percent in relation to the banks that are too big to fail including j.p.

morgan but i'm really tired of j. p. morgan and jamie in trading america like a special needs child i'm tired of him trying to convince the world that. america 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 spinning it with his death fraud and pushing he's a terrorist cheney done it i don't say that to be eclipsed ese however i'm saying that because he fits the profile of a terrorist he's a psychopath he calls an outdated ideology he's going to kill himself or is god moving but i think it's 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've got the cleaver pants which will 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. 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 emulating j.p. morgan bankers they're looting this is a high frequency trading looting and they're getting the government they're going to 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 we're going to be looting of course you invited this into your own homes because you support looters and banks in the city of london and that new initiative to split the two banks in between a casino bank on 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 no they say that not to be glib i say that as a point of fact cameroon and of more large barrister a point in time terrorists they're committing financial oppression they're killing

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 per one millisecond by stepping in front of normal trading activity on the exchange and what the buyers and sellers come together to affect the trade if you can step in front of those two and create a 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 over then j.p.

morgan stanley goes over and that major financial therapy 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 to. 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 saigon of this financial war they love a long time you love you long time you have young and it was almost on and all this anyway you know it's funny because the airport ramp from the airport in a state goes on to the promenade is on the way no matter what country is having the worst financial crisis at the moment there's usually prostitutes from that country on that off ramp and see the miner coming out of the airport and i won't miss rice these american young american girls they're soon prostituting 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 down some 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 over to they like to have a lot there to talk about interest rate differentials from you know school of economics a coal weds that unfortunately a prostitute themselves because i was born in cameroon raised the wish in free to take out the bailout the banks i lost more money down these clubs every night this is awesome or should be you should want your husband to be a little bit more above board with his economic policies or else you're going to lose him to this twenty two year old shiksa down a rhinoceros lap dancing spot so the carpet bombing began nine eleven two thousand and one that annual holiday in america since nine eleven

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 end this financial war it's in your power. to end this financial war the best performing asset according to wall street journal was 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 saw that in two thousand and two when he said go ninety percent of your portfolio into gold and silver haven't changed my allocation sense then i'm still ninety percent gold and silver 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 is always been the u.s. dollar those get prominent headlines and you would think in fact that the valar tile dangerous asset to associate yourself with is silver because the psyops of the

mainstream media like c m b c is a propaganda outlet like again the vietnam war if you look at those vietnam war movies as well as some chick on a speaker someone saying you know americans you'll never win this war you know type of thing that's what c. and b. c. is all about they're flooding the airwaves with propaganda that the dollar is good and the precious metals are bad and of course we're going to lose this war because silver is going to five hundred thanks to you and of course many in the west think somehow that 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 and poignant down income down household net worth down g.d.p. up and yet incomes were down knocks that means but workers were sharing none of that wealth of the average household down corporate profits up obviously you see that number there the most yes corporations have been given carte blanche all the

money they could possibly ever want from the government and they don't have to hire anybody if they can fire people so again it's a model of. and you see that the two columns to 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 it they don't believe that they will call it socialism if you try to take that debt away from them but it's a financial war all americans are stupid because they're willingly participate in group for discounts on they'll care or sushi but they won't let a group just down on health care so let's talk about more of this financial war and the debt bombs being thrown at everybody to finally headlines here max g. eight reasons arab spring financing pledge to thirty eight billion dollars so they doubled the amount they're pledging they. say to 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 gone 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 the sponsors of debt and debt as we've been saying debt terrorism it's dead terrorism debt carpet bombing of these countries used as a mission of control and it's 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 will she's a debt madam and these countries are debt prostitutes oh you mean christine legarde she she loves arab spring long time. so and then here's 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 have 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 good amount doesn't doesn't add up if you want to restart the economy raise interest rates of people can save money and that you have capital as the basis of capitalism but only as it stood and that anymore and i have one final thing to say on this matter 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 the fifty percent tax rate will wait raise 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 was a new some of these give peace

a chance says our friend and i want to silver liberation army all the way. stay right there much more tell me why you. couldn't take three. three. three. three. three blown video for your media project free media to our t.v. dot com.

bugga magnetize report imax cars are time now to go to manila and talk with zeus young yanis uses an economics futurist and guest blogger and over two minds dot com zeus welcome to the kaiser report thanks for having me max all right zoos we covered one of your recent posts on the cause a report called end game when debt is fraud debt forgiveness is the last and only 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 interest is attached to it goes goes on

indefinitely and it goes up adventure even if it's a small interest invention goes up exponentially now actually khana mees 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 highwater 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 are 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 debt we need debt forgiveness to basically zero the values. we'll reestablish and reward productivity and have an i started out again with our value create value creation going from the right on the right perspective grades or because of a compound and rate of interest the debt is expanding exponentially whereas any growth scenario to pay off 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 you one moment who said quote debt forgiveness would reward people who made stupid decisions in disadvantaged imprudence saver your response well i mean that's a real typical one but i've got the easiest response to that as

a 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 zero interest rate policies and subsidizing quantitative easing on subsidizing skyrocketing necessities like food and gas are being complicated by the senate and the list just goes on so the first part of that question will be that's what we have now and we have a pretty severely in the second part i would say is you know their forgiveness is not about rewarding or punishing savers or debtors it's about reestablishing

productivity as the basis that's the way that i view it anyway if i had other people's pets absolved right now i would be immensely helped as a savior because. i wouldn't be subsidizing all this phony wealth and i would 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 foreclosure and i want my i want to be able to go out with my friends and without having them work two jobs and 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 quite the contrary i mean 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 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 and borrow 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 have 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. 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 then ocracy at large i look at for instance the that mandate for the fed are our central bank the federal reserve saying to keep unemployment down and yet you know private companies at least in the short term benefit from higher unemployment because it depresses wages so there's a there's a conflict of interest.