tv [untitled] September 28, 2011 7:00pm-7:30pm EDT
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governments gone to the world goldman sachs rules or see if the statement that took the world by surprise or not the reason you may think so well the mainstream media focuses on shooting the messenger and we will focus on the message when we've heard many times before. and it's the video that's gone viral the protesters here well we talked to her in here about her getting pepper sprayed in the face by police was one of the latest on the movement picking up steam against wall street. see the real you can get in trouble get in trouble for speaking your mind whatever happens is
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a little thing we call freedom of speech we'll explore why politicians musicians and journalists alike are coming under fire for speaking their minds. so let's start this hour with a look at the state of the economy we have taken a look for months now the growing gap between the rich and the poor this is one of the major themes that the occupy wall street protests taking place across the country the rich keep getting richer the poor keep getting poorer and the middle class is slowly disappearing let's talk about those rich getting richer wall street and the big banks but one of the biggest banks one of those banks that was bailed out by the bush administration it turns out is showing signs that it needs help yet again we're talking about goldman sachs and this time it's trying at least to help itself taking part in cost. measures like cutting thousands of jobs goldman has
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also announced it's switching from twelve ounce drinking cups to ten ounce ones in the offices save to save a few thousand dollars goldman is also buying fewer plants for the offices and has decided to make office cafeterias credit and debit cards only eliminating the need and the cost of paying armored truck companies to haul away the cash flow or goldman sachs but wait a second before you start taking up canned food collections for goldman let's look at the truth behind the numbers that those who do work there are making more than ever before and the profits there continue to grow so i want to talk about this and joining me now for more is the publisher of the trends journal and director of trends research institute the always outspoken gerald's alliance a loris and hey there gerald let's talk about goldman sachs and what's going on there should we be concerned that this may go up our house of a company is now starting to lay off its employees. yes in some ways you know we
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could make fun of course you know the course cutting the edges of their joke but the whole financial system is under attack and as we saw recently with the released information from the federal reserve we heard from the j.p. morgan chase's of the j.p. morgans and the of the of the other banks saying that they did need money while they did and while they were getting so we saw that they're hiding a lot of what they're saying in public and things aren't as good as they claim to be you know there's been a lot of bed that's made out there we saw volatility in the markets as some are like no one's ever seen before and now we're going into the volatile season so yeah i think we should be worried about goldman sachs we should be worried about morgan
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stanley that was the one i was thinking of and j.p. morgan chase who in two thousand and eight two thousand and nine at the height of the financial crisis we say their balance sheets was solid while the federal reserve is pumping hundreds of trillions of hundreds of billions of dollars worth a load sensitive but on the flip side jerrold i mean we hear companies like morgan stanley like goldman sachs and nobody can forget i think shortly after being bailed out you know under tarp goldman sachs is handing out here you just going to says his executives its employees and you know just last week earlier this week goldman sachs won a dismissal of the case and some of the people brought against it for doing that i mean what do you think that says it's hard to not feel that this company is not crying wolf. oh yeah and you know. the dismissal of the case i'm going to the systems ring it's just this we're only just office that's how they got the name
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these people's heads go roll so that's all different one but yes i mean you know they may be exaggerating their plight but on a much grander scale whether it's whether it's goldman sachs gang or this credit suisse swindler's or the citi group criminals you name it they're they're all in trouble look at the downgrades that we saw hit the banks just a few weeks ago not only in the u.s. but around the world so you know j.p. goldman sachs may be crying the blues in trying to ease the pain of public make against it they have a role grab a lawyer doing god's work the blank lines it was made a lot of then and he's so they meant that maybe your charade but the big picture is this thing's going down it's still hard for me to believe but i at seems to be entirely you're saying i shouldn't be shocked that goldman sachs you know won this
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dismissal of the case you know but what about i mean what about what's going on now you're up in kingston new york or london on what's going on on the streets of new york city the streets of l.a. the streets of chicago and denver people protesting identies big banks do you think that this is going to have any effect on changing the system that you say is grand . not right away it's the beginning and by the way i don't know why people are so outraged at the behavior of the police in a lawless street and that's what they do everywhere to see the gz why they made ings when they had as of body armor to work walk through the battle of the bulge was a beating up coeds this is what the police do the police in the united states have become nothing more than an forces for the crime bosses that's all it is i love this talk about how around nine eleven they kept talking about they hate our freedom and liberty and that's why they attacked us what freedom and liberty this
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is what the police do they use access for us to quell the people you can't riot in this country so you're going to see different kinds of riots that you're seeing go receives well it's been really interesting to see the way that these protests have been covered and by the way it certainly seems to me that's not all the police in new york but some of them but you know when the mainstream media outlets in the newspapers come out to this occupy wall street protest it's interesting because they're sort of dismissing these people as you know dirty hippies an organized people with no real strategy but here's something interesting karen and i'm going to play something for you because that's one thing but it's a whole nother thing when you know a professional independent trader was actually given a microphone and a large audience to say something very similar to what these protesters are saying i want to play this and then we'll talk about it governments don't rule the world
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goldman sachs rules the world it was the comment heard around the world one that generated widespread reaction from papers and pundits alike sprit appreciate your candor however it doesn't help the rest of us does it but instead of talking about the comment itself most don't want reality at least not to shoot the messenger a lot fewer risks on a crisis forward called him a psychopath see n.b.c. suggests it might. the a hoax new york magazine wonders if it is a hoax or perhaps our worst nightmare well regardless of any intentions the bigger question has been largely ignored was he wrong about the power of goldman sachs and why was everyone so shocked after all right here at r t in our studios we've had several guests bonafide traders even former goldman sachs employees who have the very same thing washington is not the biggest player in the us the global bankers are the biggest players the global hedge fund managers that's where the action that
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is determining the outcome of this mass not the players in washington they have already ceded control to the global banking industry last day has been pulling the strings in washington from the get go it is the largest sector of campaign contributions and that's the goal of parties but for the mainstream media who don't share views like these are sunny's honesty was unexpected survive and thrive t.v.'s george hamon when they asked him these questions on b.b.c. he just let it all hang out and the actual truth came across. were sunny also sent shock waves around the world when he told the b.b.c. that most traders don't really care if and when the economy is fixed personally i've been dreaming of this one for three years i have a confession which is i go to bed every night i dream of another recession the b.b.c. interview has now gone viral but you can see the people around me jules have collectively grow up so what you've just saves perhaps their jaws it wouldn't have dropped they
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only read that hades delight in one thousand nine stone article the great american bubble machine in it he famously describes goldman sachs as a quote great vampire squid wrapped around the face of humanity relentlessly jamming its blood funnel into anything that smells like money tavi discussed with us recently how although people are unaware of it the big bank has profound power. in society how much you're paying for gas how much you're paying for electricity i want you paying for your credit cards. your mortgages how much you're paying in taxes and how much of your tax dollars are going to service. so unlike the mainstream media few here would be shocked by respondents comments. for nearly two weeks these protesters have been out every day hoping to bring an end. or at least awareness to what many call a corrupt system. and still others have argued
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for years that the government's actions are dictated by the big banks the very special interest on wall street the insurance industry these guys these are the people who are writing the blog little bombers and they are keeping him in power they're the ones that finance this campaign and the laws are being written for their benefit. as anger builds here perhaps that are questions need to be asked here so that a different message is sent to decision makers here that the system that has been sustained and protected for decades might need to change in washington christine for r.t. and carol i should mention i mean we've had you on the show dozens of times and we could have easily put several things that you've said over the past couple years in that report but i did i want to get your take on what do you think about the shock and awe that's been generated from this comment from the you know independent trader that goldman sachs rules the world. well again as you said you know we said
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in two thousand and eight wall street side jack washington look at the people who was bush's treasury secretary where did he come from henry paulson goldman sachs who was clinton's treasury secretary the one time robert rubin where did it come from goldman sachs who's the head of the central bank up there in canada a guy from goldman sachs who's obama's chief of staff bill daley where's the from vice chairman j.p. morgan chase only an imbecile can see this is becoming so transparent that when you say it out loud and there's enough information out there it's finally starting to wake up even those press that suits on b b c but why then these crazy headlines all over that instead of asking you know could why did he stay have some validity and said they you know you have people out there saying oh he's not
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a real traitor he's a hoax you know what he said is our worst nightmare you know what about this reaction from the media again the media is in bed with with the establishment i mean we see that's why we call it the press that suits their oweis serving the people that they are beholden so i mean i just saw let's his name over there dick cheney making the rounds selling his new book and now one person called him out for the laws about not having weapons of mass destruction and caused al qaeda he throws out the two bit line no one would argue that the world's better off without saddam hussein oh yeah my life is really changed what i'm saying is they're only bed together who waited carney come from obama's mouthpiece oh he was with time magazine before you can look at the revolving door they're all the same and you know i think it's interesting you mention dick cheney. i know that there were
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a few protesters in canada actually you know protesting against him on his way to the bookstore but it is interesting how few we have seen in this country just one more question for you gerald as we wrap up do you think that now that the truth has come out that you know goldman sachs actually does have a hand in shaping up what happens in washington you know whether or not it has been initially digested by the press i mean do you think that now people will start to give it credence. i think a lot of people are giving it credence and have been for a very long so on the crest is not going to do it the odds don't make cats they're not going to change it'll only change when the when the things start to collapse even more or it's somebody decides to make someone a scapegoat but other than that it's not going to unravel a lot of zone because with the media today the truth does not be you free well certainly interesting to have you weigh in on this as always i know goldman sachs
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is one of your favorite topics to talk about gerald celente publisher of the trends journal and director of the trends research institute well this was day twelve of the occupy wall street protests and what they can do to garner minimal media attention it's clear the protests are growing in strength and number i'd only in new york where hundreds of people are turning into thousand even with celebrities starting to pepper the rallies but they're also in los angeles denver and chicago as well now these are people who say they're angry at the power of wall street and at the system that gives it so much power because they're angry that no one responsible for the financial crisis and the mortgage meltdown has been arrested more than one hundred protesters have been arrested many more have also had their eyes burnt by pepper spray sprayed into their eyes by police officers and one of those people is healthy eliot you may have seen her in this video that is now making its way around.
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the now that is her on the ground in this picture an early earlier we actually spoke to chelsea to get her first time can take out what happened. i was just walking down the sidewalk each astonished marching up senior square and we were up straight i think and the cops came and they placed a net around us and so we were asking if we could continue walking on the sidewalk and the cost. listen i tried to reason with them explaining you know their pensions have suffered and we're here for them too and then there was a fight going off to the side and the girl behind the screen and down and she was pulled down onto the pavement. very brutally and then the girl next to me started screaming and that's when the cop came up so you were instance you weren't hurting anyone you words walking through and yet i mean we saw in the video you being sort
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of surrounded and just sprayed in the face i mean what what was the first thing the cross your mind with one hundred. honestly it took about three seconds for it to. register of what had happened and at that moment in my mind kind of just went blank i was just so confused as to why i just fell to the ground coming a little bit about what the reason is that you've been coming out how many days you've been there and why you're taking time out to show up every day. i live in brooklyn and the first time i came was on a sunday night the first sunday and. i've been there because it's just such an important issue as i as a middle class is disappearing i mean so is the health of the peace of our country it's terrible that has happened people have been held accountable in our government is incredibly corrupt. they're being paid by the very people they're supposed to be
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regulating and and everyone is suffering it's really interesting you being in new york city i'm in washington of course but i read something recently from forbes magazine that you know out of the most the four hundred most wealthy people in this country that fifty of them live in new york and that their combined wealth is something like two hundred something going in dollars and yet the poverty the number of people living under the rate of poverty has risen to almost twenty percent so certainly you are in the city where you're feeling perhaps much heavier than people from around the other parts of the country what is happening here in terms of what you say the gap i'm wondering though you know a lot of people including some write ups in the new york times and other mainstream media outlets they've described the occupy wall street protests essentially of a bunch of you know disorganized hippies with a lack of coherent and cohesive message you know i reading things like this then hearing comments like this on the cable networks who are also showing the video that we showed in the arrest video which of course makes for good t.v.
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but i'm hearing very little about the point of the protests corruption on wall street what do you think about this the fact that so much of the coverage of what you guys are doing has been to be a little you know the your fellow protesters for flaws in organization. honestly i don't understand i think one of the important things about the protests is that we're all autonomous individuals i mean this is it's supposed to affect the entire middle class for all different people and i mean a very important part of the protest itself is that we all have a dialogue about it and understand what happened and how it effects each group differently there's not this isn't for one group of people so of course they're going to make it seem like we're disorganized and chaotic but you know i've been kind of we've had a camera there just about every day since september seventeenth when this first started it seems to me that it's grown and so now we're starting to see that have as i mentioned earlier in los angeles and denver and chicago and i'm wondering what
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you think i know mayor bloomberg came out early on and said you know perhaps there would be a tipping point with more and more people living in poverty more and more people unemployed i'm wondering if you see that tipping point ahead in terms of a real movement a larger movement even and what you think the outcome might be. i mean i feel like. i feel like things are going to get worse before they get better and i'm just really hoping that as if the nation can join together and stand up for ourselves and the thing that really bothers me about the financial crisis is that most people really have no idea understand why or what happened they think that it's an accident when in reality it was very wealthy and powerful corporations through greed and stupidity destroyed lives for millions and millions of people and . it's kind of hard for me to say that it's to know what the future
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holds for us i just i just hope that as this group has rebuilt momentum so will an understanding and awareness of the situation of our government. that was tells the elliott wall street protester from greenpoint brooklyn she joined us earlier in our new york studio. and it may come as no surprise but well known author scholar and political activist noam chomsky is speaking out in support of those who have come out to protest and occupy wall street he said recently quote the courageous and honorable protest underway on wall street should serve to bring this calamity to public attention and to lead dedicated efforts to overcome it and set society on a more healthy course well are to correspondent kareen important i just sat down with noam chomsky for an in-depth interview and asked him about this and so much more but we want to show you just this portion of that interview. so we'll see school personnel sort of. rules of corporate governance important areas for them so
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when you close up in motion a vicious cycle becomes getting worse and worse and there were some of them stretching from some of those serious partnering you happen to know that i will write some of. the much more good will come from what i've seen from good soaking around if we put in well infrastructure screw up sometimes awards and corruption. well that increases the mayor. what keeps the cycle going and when i say well it's been a problem for some purpose but these people are saying you know what that's something that could be institutional lines that. sort of keep your true. core for a problem for the. good of all and for much of the unemployment claims about the level of the group preference real important and that was no the world renowned author scholar and what's one that's. as not just the protesters having difficulty
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understanding why their freedom of assembly at the time is difficult it appears freedom of speech is also not always an untouchable amendment to the constitution at least that's been the case for some people who found that voicing their views would get them into some trouble as candidates kind reports even some celebrities have been forced to eat humble pie simply because of something they found. an american icon legendary singer world war two veteran and pacifist tony bennett because come under fire for speaking his mind on a radio talk show he said america's actions would ride it provokes terror to the service or with the terrorists are they the terrorists well two wrongs don't make a right they are the ones who started with a plane flying into the world trade center what do you think i don't know about tony bennett was attacked afterwards with stinging criticism from some quarters then he went to great lengths to apologize to those his remarks may have offended
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i'd like to say that i am sorry if my state statements suggested anything other than an expression of my love for my country america calls itself the land of the free but some are asking why our living legend like tony bennett has to apologize for his thoughts there's no tolerance really for any deviation from the official line even though here in america we're very proud of our freedom of speech and the right to speak as considered holy except if you say the wrong and you can get in trouble artists have musicians have now tony bennett it's a question freedom of speech proved no defense in protecting the jobs of a number of probably figures in american. commons that appears to challenge conventional us disparagement views journalist helen thomas who'd been a white house reporter for over half a century was forced to resign after she said he's really should leave land it's taken from palestinians everybody has been fired for what they say they you can
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write and that if you say anything about the president of the united you call him anything in the book but you can't say anything about israel. automatically makes you any smelling see it is former senior editor of middle east the fears of guardian not sir was sacked a year ago because of a tweet she wrote about her respect for a lebanese cleary who had one time had been seen as the spiritual leader of the hezbollah that had leader broken ties with them they're all sorts all of it was promptly pushed out of the west mainstream media it's all about consequences social and economic interests pressure rather than real censorship politicians expressing ideas against the establishment you come under fire like congressman ron paul who is running for president osama bin laden and i don't think i have been a christian. they have been explicit and they wrote in. there we are can
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act we attack america because you had bases on our holy land in saudi arabia you do not i give palestinians our fair treatment and you have been bombing. i didn't say that i'm kind could be a truth you understand what the motive was behind the bombing at the same time we had been bombing and killing hundreds of thousands of iraqis or to hear nearest would you be annoyed if you're not annoyed if you go in there some problem booed and label unpatriotic by some just like tony bennett was when he spoke his mind it's not so much about what these people said that led to them being booed or even being fired from their jobs but rather about the fact that in a country that prides itself on freedom of speech that freedom often comes that hefty price i'm going to check out reporting from washington r.t. . and there are countless examples in this country of free speech having some
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parameters or exceptions some of those cases are going all the way to the supreme court and others are often quietly brushed under the rug but the broader discussion is often ignored so we want to bring it out shed some light on the question of when free speech is and isn't free earlier i spoke with medea benjamin co-founder of code pink i asked her if there really are exceptions to the first amendment of the constitution here's her take. i think your piece was fabulous but it brought up two areas where it's very difficult to speak out in this country one is when you talk about israel and palestine and the other is if you talk about perhaps there's something that maybe people dislike that lead to being attacked or continuously being attacked there are two areas where speaking out you do at your own peril and certainly we saw helen thomas in the piece she said that you know you can say anything in the book about the president of the united states but if you say something about israel you're anti semitic i mean you do you agree that it goes out
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far it certainly does there are many cases that unfortunately academics like norman finkelstein who was fired from his position at the university or couldn't receive ten year because of his writings about israel palestine the case of the muslim eleven reducer murder by and who recently spoke out while the israeli ambassador was giving a speech and they were taken all the way they were taken to a grand jury so let me stop you real quick right every day just because for our viewers that are unfamiliar with that we actually have video of that this is when the israeli ambassador ambassador michael oren came to speak at the university of california irvine i'll play it and talk more about it is a source of frustration most a person spent much of his life before the french appreciate.
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you know these students ended up being found guilty on the charge of conspiring to disrupt a meeting you were just mentioning them what do you think this president you know what kind of president i guess does this that when you know again clearly they weren't being violent they just spoke out in a meeting. it's a terrible precedent for muslim americans and for students in general who i think will have to been twice now about that kind of reaction and university that was founder of code pink medea benjamin and that's going to do it for now i've read more on the stories we cover go to r.t. dot com slash usa or youtube dot com slash r.t. america and also follow me on twitter at frowsy i'm christine for a sound. you know are some versions to the story. you think you understand it and then you glimpse something else and here's some other part of it.
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