over border controls pristina seized of the disputed checkpoints from local control leading to a deployment of nato troops to keep the peace the serbian majority of the noise feel their rights are being violated by the mostly albanian south. tell us why the whole world is now printing dollars to help with the u.s. stay with us here on r.t. . i'm max kaiser this is a guy has

a report i'm stacy herbert cares care shoots raining cats yanna drug uro's was running smack them actually baby face. because it's all if you ask me dollars we're printing only us dollars the swiss national bank is printing dollars the european central bank is printing dollars the bank of japan is printing dollars and the whole world is happy europe's debt crisis problem central banks to provide dollar liquidity max everybody's happy why would they need dollars well if it was like two thousand and eight they would need dollars to unwind all those derivative contracts they've used to foist financial oppression on the world that's correct because the unit of fraud in the global financial system is conducted in which currency the u.s. dollar that's correct and that's why everybody needs u.s. dollars at the moment in order to sustain this global ponzi scheme right so they're

crap because they can own wind their little credit freeze ups without actually getting more dollars so it's this is the great game america has played for decades isn't it that it's a dollar based world and if you don't dance to our tune we cut off the supply of dollars and you're trapped that's correct max and the next headline now it's a global bailout markets surge after banks band together to shore up faltering euro zone so the deal announced means that banks will be able to borrow any amount of money in three separate auctions in october november and december and banks will have to put up collateral or her security to tap the emergency funds. well yes this is not a situation where they are borrowing money because that would imply that there is a bank soem where with money to lend which is false there is the global lending

facilities that are controlled by the banking oligarchs who issue debt based units or fraud and they do not require banks to have any of minimal asset or collateral value and the result is this global ponzi scheme where interest rates must be kept at zero so who subsidizing this for real the savers the pensioners the workers that's who's paying for these bailouts that's who's paying in the end so it's a false hood what they say they speak with one of forked tongue but of course the psyops has convinced much of the global population that it's immoral for the mortgage holder to default on their debts but in order to sustain this whole global fictitious asset market we need to continue to print all of this money and everybody gets happy they need to continue to expand the pile of debt upon which

the global economy rests because it's a ponzi scheme and this is happening in europe is that they're going to go for a euro tarp which just means that all of europe zone will be having another new huge lending facility collateralized by nothing as long as interest rates remain at zero which means as long as debt slavery remains in place the wealth and income gaps widen and social unrest is also becoming more of a factor isn't it as the peasants in america the peasants in europe and around the world start to revolt this piece in the daily mail also points to where the moral hazard comes into the equation this deal announced by the european and the american and the japanese in the swiss national banks it means taxpayer money is once again on. in line to prop up the banking system taxpayers could be forced to pick up the bill if the economy plunges into another catastrophic recession so in the article they pointed out that the last time the banks allegedly made money so they're going

to try it again even bigger because last time it didn't blow up let's see about this time well look tax payer is a euphemism for victim of the state sanctioned wealth confiscation in america all the supposed reaction nine eleven to keep people safe is introduced an infrastructure to point a gun at people said and say give us your money to pay quote unquote taxes that's a good leg state so of course this is a big announcement with these five central banks providing unlimited amounts of u.s. dollars to banks happened on the very same day that we had another rogue trader in the banking sector and that takes me to this headline max roach trade suspects family heartbroken kweku adoboli i'm sure mispronouncing his name you know he's been charged with fraud his father a retired u.n. employee from guyana john adoboli said quote the family is heartbroken because

fraud is not our way of life i brought them up to be god fearing and to appreciate decency family does understand but their son is a financial mercenary right yeah well he knew his son was working at u.b.s. and apparently didn't realize that it is an operation of fraud that man was working on the delta one desk which is the basically the derivatives desk and these are financial mercenaries they wield weapons of mass financial destruction to cause chaos so that bankers can profit from the volatility if in fact god forbid they get blown up do we care as we would if it were a civilian that got blown up for example i would posit that sense we don't cry and mercenaries and i. act or kill because that's their job we should not cry of financial mercenaries get blown up in their line of work blowing up the global economy yeah. it would be really nice if they didn't take the whole world down with

them the fact is you and i are subsidizing this financial mercenary action that you speak of but we are visa v. being acquiescence to the us and europeans putting a financial gun to our head and claiming that they need our revenues to somehow buttress a system which is nothing more than a club talk mostly so it even sounds like some sort of special ops delta one this is the third biggest rogue trader in history after jerome kerviel who also worked on the delta one desk at society's general so they're trying to tell us that this is all just rogue traders and bad out as your own career of course is the society in general you know he was caught he's a mercenary they trade went bad he won caught he went down for that action the c.e.o. of the board of directors and society in general are saying this is a bad apple as you say it's a rogue trader but what we know now sense jerome kerviel incident is that the

entire board of directors and c.e.o. and management of the site in general but engaged in fraud dealing training trading with trillions of dollars of the rivers if they have no way to collateralized the credit default swap market is a fraud so they are out jerome kerviel jerome kerviel if anything that drunk or real had to suffer as terms of a penalty the c.e.o. of society general the board of directors should suffer ten to twenty times worse that's my solution let's move on to this next headline because this is again in this world of mercenary work going on in the markets silver core c.e.o. vows fight to the death against short sellers so this is chief executive officer roy. and he's the c.e.o. of silver corps which is a company listed in vancouver. but it has silver mine operations in china now he alleges that he's been the victim of a short into store attack short sellers are attacking him with anonymous letters published online and then attacking his share price he says quote they picked the

wrong company i don't know who my enemy is but we are a real company i'm going to fight to the death well he's also referring to make it short sellers these are people who sell stock in the market that doesn't exist taking advantage of some of the regulatory loopholes they just sell markets they sell stock into the market the market making mechanism can't differentiate between a counterfeit share and on counterfeit share the result is a price goes down and regard even though it's a counterfeit share now he's vowed to fight to the death to protect his stock price against financial terrorists so my question is why it was so difficult for people living in ireland for people living in greece for people living in spain for people living in portugal for people living in the united states for people living in the kingdom to understand that they need to also be in a fight to the death against banks who are selling government bonds short that

don't exist naked short selling of sovereign debt naked short selling no credit default swaps they're trying to kill you and your. wife could be there oh aren't you through oral we do sort of you. meanwhile basically they've got a financial weapon of mass destruction up to spring training and they've pulled the pin what are you saying. take it you know you deserve what you get this is like early america by the way this is the way americans used to be rogue traders would be hung like they are in china this guy he's a real c.e.o. and he's going to fight to the death he's going to he's willing to die for his company this is how many bankers have jumped out windows since that the disgrace they brought upon financial markets not known were they falling bankers the flyers of the great depression even after the ne seven crash i was working on wall street got a couple of guys hung up in closets here we got enough i'm not even in japan enough

in i mean there's a culture that's based on current case of the c.e.o. or somebody you know commits a loss of face you would think what jamie or lloyd would do something ceremonial simple car to you know save face but now they're all the bookie and because they were the biggest financial rapist in the world for me you know the cocteau so bankers won't do the right thing but neither well the justice department let's look at what they go after and who they go after in the american system global banking crisis once again trillions of ben bernanke u.s. dollars being floating around the world right eight amish men jailed for not putting orange safety trying goals on their buggies as you can see from this photo now one single one of these guys is lloyd blankfein or jamie diamond or any of the other shoe models on wall street the problem is american forces armed forces and the cia and these other idiots they've run out of people overseas to harass so

they've got to harass people in the in the americas now in the united states in north america they got to be subjected to this type of harassment this is what the rest the world is endured for decades and now people understand why there is a lot of tension help there yet one fact why they ended up in jail is because they refused to pay the fine for the ridiculous need of this safety triangle but finally these two little headlines here max to show you about this is. no the printing of dollars going on on one side of the world unlimited amounts of money for rogue traders around the world gold set to breach two thousand dollars an ounce by year and. this is gold fields mining service and they're saying that central bankers are seen lifting twenty eleven purchases to three hundred thirty six tons remember for the past ten years they haven't been buying at all but i want to compare this max to two years ago when you and i here in kaiser report were telling people that gold would be at two thousand dollars an ounce soon enough why because of these macs ben

bernanke he's helicopter dollars babyface ben bernanke he's making the world happy well that's why we said it would go to two thousand dollars an ounce well let's turn back to october twenty third two thousand and nine this is john nadler of kitco dot com writing he asked and asked says high gold price at one thousand dollars not sustainable so john nadler wrote in case you have any doubts where this writer stands he says gold is not in a bull market the dollar is in a bear market yes well let's talk again with all that ten thousand dollars and stays in her thanks so much for being on the kaiser report thank you max don't go away and watch more coming your way so stay right there. was that so much do you think if you. talk to me peace process the

palestinians will ask the united nations of great their current observer status to that of a full member state. in the faraway land. where human life is ruled by nature. the distant past of planet earth is scarcely preserved by the girth. it's like here in the permafrost. to those blue with. restored times are still not. welcome back in the kaiser report time now to go to washington d.c. and speak with bill still the former newspaper editor and publisher best selling author award winning documentary writer director is feature length documentary the money masters is the fifteenth the most viewed film on the internet in history

he also wrote and directed the secretive and twenty ten bill still welcome a big welcome to the kaiser report thank you very much for having me all right bill still as a way into your films the money masters and the secret of i want to start by asking a question that will most interest our audience is there any gold in fort knox and if not who took it why and how no it was and incidentally i detail that in my new book which is untitled no more national debt as far as we know there is no goal left in fort knox there was one peek into fort knox and the nine hundred seventy z. of it was either nine hundred seventy three or seventy four which was instigated by an of older friend of mine by the name of ed darrelle he spent eleven million of his dollars he was a very wealthy ohio industrialist trying to answer just this question so they finally open the doors they were forced open the doors and seventy three or seventy

four there were a couple a.p. reporters a couple of congressmen and the there's this famous picture of the director of the mint mary brooks standing in front of this wall of gold saying look it's all here but the problem was they only showed gold vault number thirteen which was the smallest of all the gold vaults and they denied the existence of the central core vault the a.p. reporter and fatah. for on the scene at the time reported that the gold which they showed had a strange orange ish you and so therefore that means that it had a high copper content so probably what this was back in the seventy's was the remnants of f.d.r.'s call and of gold coins it was called coin melt if they had any good deposit gold which is point nine nine five gold the only form of gold that's good for international trade they certainly would have showed a room full of that my theory is that despite the fact that the u.s. government carries the largest amount of gold on its books some two hundred forty

eight million ounces that they probably have zero except to some of this remnant coin melt it was it was well well known at the time local newspaper coverage for knox kentucky where the gold was shipped out by rail and truck to the federal reserve bank in new york we don't know what percentage of it but at least a large percentage was sent over to london to try to keep down the price of gold during something called the london gold pool and probably once all the gold was cleaned out of fort knox that's when nixon closed the gold window and so that's what happened actually it's funny that we're talking about gold but you are against a gold standard and instead propose the monetary reform act so walk us through that yeah well the first thing i want to i want to get into is although i love ron paul the statement that he is making on the campaign trail right now is

just absolutely ludicrous and he claims that this is almost a direct quote that according to the u.s. constitution old and only gold and silver can be money and that's just not the case ron i don't mind people investing in gold and silver that's great i don't mind having gold coins or silver coins as a complimentary currency but what we need. it is debt free government issued money and on top of that you need two basic reforms number one you need to eliminate government borrowing number two you need to eliminate the ability of banks to lend money they don't have this is called fractional reserve lending this monetary reform alternative or solution has been known for many generations and i didn't invent it it's nothing new i just rediscovered it and i'm trying to popularize it will sell so what others i all might suggest in this debate is

that by having the fractional reserve banking system you bring in something called the money multiplier effect this creates some volokh city in the economy and people are borrowing and the g.d.p. is growing so what what do they have wrong the problem with the money system is that right now banks can lend ten to twelve times the money they actually have and that's if they follow the rules we found in as a result of the two thousand and eight debacle during congressional hearings here that in fact the big u.s. banks morgan and citibank were leveraged fifty two to one fannie and freddie were leveraged seventy two to one and goldman sachs was leveraged three hundred thirty three to one and about a year ago president obama got on t.v. and said oh you know what we just need to eliminate that nasty old reserve requirement altogether in other words three hundred thirty three to one is not sufficient for these banks only infinity will do now the problem is when you're

leveraging money to that extent once the bubble pops then you're also leveraging on the way down in other words every one every dollars dollar that comes out of the economy is multiplied then by that multiplication factor whether it's ten twelve fifty to seventy two or three hundred thirty three so we're going through a major deal leveraging of this huge bubble. all and if the economy absolutely will not come back that's why you see the specter for the first time of all this money being pumped in by the fed and not having the desired result on the economy we've reached the point for the first time in history called debt saturation the only way to get out is this monetary reform solution you mentioned ron paul and he calls gold and silver the only constitutional recognized form of money you're saying that's not really necessarily true and it brings up these ideas and questions about how money is created in the economy the relationship in particular between the

treasury and the federal reserve bank this seems to be the most pernicious and weakest point in the u.s. economy for certain could you walk us through how that works in terms of the difference between let's say the treasury just issuing its own money first let's back up a little bit you said it's not necessarily true it absolutely is not true and that's according to no less than three supreme court decisions the problem with the federal reserve is it merely because it operates under this name the federal reserve system is a very thin veneer of a law and that's all it is that the fed is actually part of the government and it's disguised designed to make people think that the government is actually controlling are watching over the big banks when in fact you and i know that there is a revolving revolving backdoor between the fed and the big banks the fed is a captive of the big banks the fed does not create any money with the exception of q.e. one into all of our money is created as an interest bearing debt we are literally

and this is worldwide we are literally renting every dollar we have in circulation with the exception of coin money now this is a great deal if you can get it for the banks but it's a horrible deal money should serve the public interest i'm not interested in nationalizing banking but i am interested in nationalizing money. we need a healthy competitive commercial banking establishment that does the lender the interest because if you don't charge interest because of the time value of money you have there will never be any lending but banks cannot control the quantity of money which they absolutely do today ok over in the u.k. right now they're having a big debate whether they should split the banks up between the speculative bank and the utility bank or the deposit bank in the relationship the u.k. banking industry is lobbying hard that no ring fencing as they call it they don't want any ring fencing is going to destroy their economy and it sounds like what

you're talking about is that there should be a split up of this function in the banking and when there should be a return to some form of banking which is strictly as a utility yeah absolutely that function should banks should merely be deposit banks and intermediaries between borrowers and lending where you really get into trouble is the fact that they can speculate on the market that that only magnifies the problem a fractional reserve lending but i mean even splitting up that function is not going to do it because you still have banks creating one hundred percent of the money and that's what the problem is it's not what backs the money that's important it's who controls the quantity and the gold bugs in correctly believe that gold will control the quantity but on top of that even if gold would control the quantity gold certainly won't control the quantity of money under the current system that's lent out by the big banks using fractional reserve lending ok so

because presumably the thought here being that gold could simply be used as a fractional reserve as well there's nothing to stop a fractional reserve banking standard to emerge and repeating the exact same mistakes that we have currently correct yeah that's absolutely correct on even if even if they followed the rules there are still at minimum leverage in the money. ten to twelve times it's not what backs the money it's who controls the quantity and if you're the in sitting in the bank's driver's seat and you are controlling the quantity of a national money then by de facto you control the political situation as well because if the government needs the loans and you aren't willing to lend that money then you know you're an absolute control of the government and that's the situation we find ourselves in today is a great job if you're if you're sitting in the bank seat but it's not it's not a good deal for the average person money must serve the public interest for our

twitter audience who twittered these questions to max kaiser's twitter account a couple of questions one from v. i am trading the question is they are all implemented a debt free money supply how would bill still propose it should be protected from bank stirrers and speculators well i mean this is the basic function of government you either you either believe that we the people are capable of self governance or you don't and i believe that the problem the reason governments worldwide are seemingly no longer responsive to the voting electorate is because they no longer own the money power of the banks own the money power so step one is to take back the money power and then that will further that will allow government freedom from this banker class or to assert a much greater degree in any case and i think that's the first step another question from the twitter as fair that was popped up on the max kaiser twitter account from c thaxter to bill still how can people best put through legislation

for their own state banks legislation for washington failed but it's up again in two thousand and twelve what an excellent question because right now today. the state bank of california a study bill actually made it. through both the upper and lower house of the california assembly and now sits on gov jerry brown's desk for signing. i believe it happened about seven days ago and he has twelve days to sign it so there's only about five days left to get this signed now if that will not implement the state bank it will implement the very first study commission giving some money to study the state bank of north dakota so everybody in california needs to be seized governor brown's office at this point so yes this can happen in the first step is the draft legislation so that your state legislature is can apply money to

study the bank of north dakota model and they're perfectly willing to help in the state all right bill so that's all the time we have thanks for being on the kaiser report thank you all right and that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert i want to thank my guest bill still the director of the secret. if you'd like to send me an e-mail please do so at kaiser report at r t t v are you until next time this is nice guys are saying bye oh.

more news today. these are the images and seeing from the streets of kandahar. today.

as fierce fighting continues in libya lawyers gear up for a battle of their own by trying to prosecute president sarkozy with war crimes over the military intervention nato used to depleted uranium shells and residential buildings causing civilian deaths including children and. goes on with the forces still struggling to take the city. worldwide support of threats of the u.s. who want to move in the u.s. palestinian president mahmoud abbas is to request. his speech to the general assembly on friday the world bank. is already economically strong enough to stand on its own feet. if. seek a diplomatic solution to the intense standoff and. over border controls pristina sees.