welcome back you're watching archaean live from moscow now here's a recap of all our news stories starting with breaking news of all them a dictator now this footage you're looking at is released as colonel gadhafi dies from his injuries after being shot by government troops during his capture earlier on thursday. the greek parliament passes a new tough a sturdy measures as protests saw the streets of greece continue to paralyze the country for the second day one person is reported dead and dozens injured in clashes between rival groups of protesters. and a piece of breakers and nato forces clash with serbs in the northern kossovo for control over a disputed border area which the serbs consider their territory. and up next here on r.t. is the kaiser report you stay with us. max

kaiser this is the kaiser report i mean noticed that with each show of the kaiser report the occupy the world movement gets stronger and stronger so after we started it it keeps getting stronger and stronger and it's heading into more and more countries in as many countries as the show is ya get it when is the folks fox like hannity and bootlickers one of they going to recognize myself as the driving force of their demise probably they won't and so they get hit by a truck and i don't mean nothing of the ok state here over the next kaiser yes the occupy the world movement is gaining traction and i have some images to prove it here some occupy amsterdam this is max and stacy kaiser dot com this is a guy at occupy amsterdam next image from occupy london stock exchange hey max

o.l.s. sex and crass j.p. morgan by silver guy jim rogers let the banks fail he's quoted as saying what they are doing in europe is saving the day not saving the system just pumping up and bailing out another bank is not the solution we need to let the banks fail yes we need to let the banks fail not the banks are going to fail but that's not in dispute because the amount of debts that they have on their balance sheet mostly non disclosed on off balance sheets special purpose and city accounts and other ways to hide the debt it is much bigger than any money money pumping campaign can possibly prevent from collapsing it's so they're going to be a collapse anyway the only question is is going to be orderly or is going to be chaos well i maintain. that they're not letting the banks fail as an act of war it's a financial war and you can see that in the headline i have here max the global debt

clock now if you notice this map this is from the economist the number scrolling across the top adding up adding up that's the amount of public debt this is debt that is being transferred from the banks to the population notice all the nations in red. those are the ones with the most debt the most public debt notice however also that those are the financial services a commie s. america the u.k. france these countries japan what was about forty trillion of that number correctly global debt yes it was adding up so fast as we're sitting here talking about of course the doe the total derivatives exposure is a six hundred trillion so more than ten times that number and there's no counterparty protections of that and that's like for example j.p. morgan has ninety trillion in derivatives risk of there's no counterparty safety for that at all that companies are dead bank walking will look at the top banks in

europe who are bankrupt and are dead banks walking they're sucking the life blood the life force out of europe with their financial war i remember the last time a europe had such austerity measures was world war two so if you think we're not in a financial warfare look at this credit suisse barry's european banks sees deutsche bank and sixty five other banks failing latest stress test forty billion euros capital short far so cording says credit suisse in our estimation of what could be the new e.b.a.y. which is the european banking authority stress test there will be sixty six failures with r.b.s. deutsche bank and b.n.p. needing the most capital at nineteen billion euros fourteen billion euros and fourteen billion respectively among the banks with the highest capital shortfalls soc gen and barclays would need roughly thirteen billion yeah the european banks are going to go completely belly up this is a foregone conclusion there's nothing that can possibly stop well look at those

banks they mention their max r.b.s. deutsche bank the m.p.c. soc gen barclays which of those five banks have in common balance are running a huge bailouts from the us taxpayer but also what do they create and spin and thrust upon taxpayers around the world driven up there it is those are the biggest derivative wielders in the world there isn't a direct relation. ship between how much these too big to fail require and how much fraud they perpetrate upon the nations of the world if your city is bombed by a blitzkrieg and you end up having food rations or your city is destroyed from a financial blitzkrieg and you end up giving food as rations is there a big difference there one they use these stealth financial weapons of mass destruction one they use the traditional korean bomb weapons of mass destruction but you're still there eating beans out of a can for a family of twelve and the other thing that happens in a war of course is the loss of sovereignty so let's look at the solution from the outgoing e.c.v. chairman. e.u.

treaty change needed to impose decisions on states so the outgoing head of the european central bank has called for a change the european union treaty to allow for the outside imposition of economic policy on a member state he said it is necessary to change the treaty to prevent one member state from straying and creating problems for all the others to do this one needs to be able to impose decisions yes impose dictatorial authority from a top down european wide bureaucracy run by weapons of mass financial wielding germans. familiar so when will the penny drop that's the next headline from david mcwilliams he's down in dubai any sitting there in a luxury hotel lobby and what he notices are senior executives from french banks with begging bowl walking around asking any arab that walks by any shake money

money please so he's likening europe to the argentina of the last time boyle prices were this high and all those excess reserves from the arab nations went into basically. fraudulent loans to argentina and latin america and now this time all that money went into europe because of course this is where the house and bubbles were very prominent well i think the point needs to be made that the history of bank fraud and bailouts going back twenty or thirty years including the argentinean bailout other sovereign debt crises cizik cetera with each crisis there needs to task for free savings and loan crisis in the united states the lesson as always been how do we change the laws to make it easier for the banks to rip people off without getting any kind of penalty so that was the big

lesson from argentina in the savings and loan crisis was a couple of guys went to jail a couple of guys lost some money who were on the inside so they change laws thanks to the complicity of guys like you know clinton and george w. bush who just kind of write the laws that the bankers tell them to write and this gives them immunity that's why this banking catastrophe has become so permission is that the bankers have become abysmal to headed hydra cancerous tumor that's just as you say sucking the life blood out of the global economy so it requires almost a superhero to appear with a silver bullet or something magical too because right now nobody is standing up to the bank not barack obama god no but there is nobody in the world stage you have what if any power who is standing up to this tumor of cancer you have the best because they operate the world's military and how did the price of oil but cry drupal over

a seven year period that was because of the war against iraq in on behalf of bankers and other major monopoly corporations now when you and i traveled to the persian gulf in two thousand and five two thousand and six. we were surprised at the love expressed for americans why were they so happy because of the price of oil they directly all over a cutter all over dubai all over i'll be we were told that they'd credit the american military machine for making them so rich because of the price of oil they love they love americans there i mean the whole mythology in the us is that they hate us and we referring to arab extremists when you go to an arab country like come on baby have a cigar have a drink thanks for the malls or roddy all bankers whole dismissed that great financial crises. are rescued by war so well that was the panic of eight hundred fifty seven followed by the civil war which bailed out the banking system world war

two bailed out the world from the great depression so let's look at this next war i mean iraq wasn't enough afghanistan's not enough yemen's not somalia is not enough pakistan's not enough now or in uganda that's apparently not enough revealed fox's best man and his ties to iran's opposition now liam fox the defense secretary that stepped down was forced to step down from great britain his mistress this guy adam wearily it turns out has been involved in an audacious plot to topple arraigning president mahmoud ahmadinejad so the self-styled advisor to mr fox has visited around on several occasions and met iranian opposition groups in washington and london over the past few years he is so highly regarded by israeli intelligence service mossad who thought he was mr fox's chief of staff that he was able to arrange meetings at the highest levels of the israeli government so he's also connected to the neo cons in america who of course tried to overthrow bill clinton

because he had a mistress well want to kalinski wasn't going around the world trying to stoke wars with other nations he's a war whore. he's a war whore of course that's the song they're singing now let's attack iran. this is the song that is getting all the war whores united on the same page the clintons the obama's the cheney's the howl of burton's the princes you know they're singing all joined together as war horrors because you know intelligent enough to get real jobs. let me explain something to you about war there's a huge debt bubble in the world sixty. and there's two choices in that the bubble is is cutting into purchasing power especially what it's doing to everyone's five currency their purchasing power is being eroded because to deal with the debt bubble all these governments are printing money willy nilly it is cutting into

people's purchasing power well it's driving costs higher so it's kind of a cost pull form of inflation and set of a demand push but we'll get to that another time the point being that prices are going higher for stuff like food and energy and it's purchasing power as a rodent now there's two ways that you can get rid of this problem increasing purchasing power i do you let the bonds collapse and therefore let the banks collapse or you kill a lot of people. therefore eliminating demand for the feet of money that is causing the inflation this is what war is great for but for example the us they killed a million iraqis that's a million less people that are going to have to be recipients of figure out money us bombs around they kill million iranians and they kill another fifty sixty thousand americans they don't care as long as they get rid of the demand for free our money that will help the top one percent not lose any purchasing power so the humans become the fodder so they have to decide whether they want to let the bonds

crash or to kill millions of people and tens of thousands one hundred thousand american service men and what is a bomb a thinking right now let's kill more americans servicemen for the sake of recovery of the guys of murder and fog i mean this isn't peaceable beyond the reach of all this is like there are nickel well britain is the leading edge of the financial war on the wars they they lead the charge we would not have gone into iraq without tony blair if he were not the one selling it we would not have happened if it weren't for liam fox and his mistress and we would not be going into iran so you know that's that's the truth there and the other thing is these occupy wall street will be shut down immediately if we do go to war against iran because that you're not allowed to send in a war no remember i want to stop the opposition movement in seattle was that a cock that made up nonsense of nine eleven ok stay sober thanks so much for being on the kaiser report thank you so don't go away much more coming away so stay right there.

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i welcome back to the kaiser report i mags kaiser so i'm not a go to savannah georgia and talk with artist media historian and critical theorist michael betancourt michael welcome back to the kaiser report hi there it's nice to be back all right michael we spoke to you a few months ago about agnello to logic capitalism for those that missed that episode gristly tell us what that is well it's the idea that we're currently living in a primarily digital capitalism that is to say a digital dominated capitalism where instead of everything being based around what we know we're actually living in a society where capitalism functions primarily because instead of having a clear knowledge of things that are going on it functions because we do not have this knowledge it functions through the creation of systematic ignorance and systematic oh no it's ok so when somebody like michael moore for example all goes down to the occupy wall street movement and he says we're anti-capitalist he's

referring to something that really doesn't exist anymore right well yes and no i think by capitalists he means a small section of the current population who primarily profit through financialization. i don't think you necessarily opposed to capitalism per se but i think he is probably opposed to what we think of as they can temporarily use information based capitalism they had into logical capitalism so my bad heart. as a logical capitalism relies on endurance and you've got an uprising around the world from people kind of flowing into this digital space isn't that a huge risk right there yes it is i think by that what this potentially means and this is potential mind you it's potentially a fundamental challenge to the system some of the occupy wall street protesters are demanding a tax on transactions preferred by also your own trades that would basically bring

into high frequency trading in an instant. kinds of directly targeted impacts have the potential to undermine the i guess a logic basis of all of this but to a certain extent i think we can also say that this uprising this objection is happening because the are not a logical only works so long as it can people keep its population utterly distracted into irrelevancies and you arguments over things that really don't have any impact or over issues of lifestyle or issues of personal choice all the while arguing for my freedom is being abridged by somebody else's freedom so we need to do something about that these kinds of internal contradictions we saw in the key party movement nice year of the year before and now some of the same concerns are appearing with an utterly different demographic group much larger much more

inclusive than the predominantly elderly tea party so yes this does pose a very serious challenge to the current organization of the world to the current financial situation and definitely here i guess a logical capitalism. because this movement has the potential to undermine the foundations of it however and this is the important however just like the tea party this kind of movement is readily subject to diversion into other issues and much of the coverage that it's been receiving is at least partially focused on these diversions the portrayal of how the various people are shown the particular individuals being interviewed for other television programs. all of these issues are ways of diverting it so you portray them as a revitalised group from fifty years ago the hippies who only want to spend their time being stoned and having sex certainly you're going to be able to create

a certain amount of misinformation about this difference is that this particular moment in time the same thing that enabled the arab spring is enabling the occupy wall street and it's the presidential nature of the internet as a communication system. literally bypassing what's covered in television with coverage in our main news. so we have these alternatives starting to emerge that challenge this is your monitor right so the occupy wall street movement is as tackling what's been going on building out around the world now we've got a complete global insurrection which i think is really the first time in history we've had a global insurrection coordinated certainly through digital means they are saying those digital means the facebook the twitter and the twitter to twitter twitter us here is if it's into your model where it eliminates the center right by correct

well it works to start to sit through a process and you can see this really and how the various pieces of information are being presented about these very nice protests but you can also see in how other kinds of information are presented global warming the hazards of cigarettes take your pick it doesn't really matter any of these large social issues that are controversial you can find an element of this happening it's the idea that ensued of having a clear knowledge of what's going on you get an alternative presented using the exact same methods by which we normally arrive at knowledge and the result of doing this of course obviously is that you can't evaluate what's being presented as factual or not factual because you don't necessarily know how they're making the judgments because that information is being was hill very often in a world of free at money which is in its own right propaganda it tries to create

a symbol a symbolic reference to something that people think is money but it's actually not money doll it's an illusion and now we have a new chapter and if you have money symbolic of historical record and high frequency trading and seventy percent of all the trades a new york stock exchange are trading in this nonsensical nonrepresentational propaganda idiocracy so you can say that the road to high frequency trading actually started over one hundred years ago so give us the one hundred year sweep there well i think it's more than one hundred years but the idea and this is actually part of my new research that i'm working on. the idea that high frequency trading is based upon a sampling a you disassemble something and you take pieces of it and you put it back together in some new fashion according to some new set of rules this is called semi osis when we do this we have this symbiotic reproduction the origins of this are very

very old it is part of how language works which is why it's called scenarios just it's part of how all of our technology works it's part of how computers work with high frequency trading what's happened is there's an escalation and a speed that we do not have with other kinds of reassembly other kinds of reproduction. and so with this what we get is a complete dissolution of objects their virtualization and the manipulation of those virtualization without any reference or concern for physical basis very much . money has gone undergone this process of something else is as you describe it the digitization the securitization the fracturing of anything that had any reference to value and that is stuff has become this game of trading and this is great if

you're a bank that makes money by how much of this junk you can force through the system but in the end it steals jobs it destroys the economy and it creates poppers and beggars and in america anyway it got the new peasant class so people who again were referencing this occupy wall street movement the complaints from the one percent the people who push the fake money around they suggest that the folks that who are complaining to get a job. but between outsourcing and automation there are no jobs is all idea of a job in america is that kind of finished now is it just going to be peasants from here i'm going forward are always very careful about making claims about what the future is going to hold or they are reasonably certain about is that these ideas that oh you just need to go get a job there's all these jobs if you're not rich it's your own fault which i've

heard many including several would be political candidates. say this is just false or just straight start to finish this is just not realistic it's an ideology in the nineteenth century is going to produce didn't work if it were if you were courage you will be successful and rich condors of course is if you're not successful and rich this proves that you're not working hard enough and god hates you and so this is why i was told the crowd just didn't work out there and we're seeing this play out in comments like herman cain's just go get a job if you're not rich it's your fault well that's not true that ignores both the structural and systematic barriers to prevent people from even being able to get these chips not yeah i mean i remember when i was working on wall street the model there is outright fraud market manipulation and cider trading and the management on a weekly basis would lay out that week's fraud that week's ponzi scheme that we

stock market scam and the salesman had to buy into that scam for the week and that's the business model of wall street now at some point some people drop out because they simply don't want to participate in a system where the business model underlying is fraud deception and wealth confiscation as we're finding out with banks like bank of new york now still three hundred billion dollars through a front running scam or wells fargo and walk obvious to all four hundred billion dollars the money laundering scam people drop out of that they say you know what maybe i don't want to be like herman cain said yes obviously he supports larceny he supports thievery he supports market manipulation he probably would support gramm of some sort or mass incineration of the population who knows but if you don't want to be a part of the incineration of people which is what wall street ultimately is about the jobs available are just not there are they you know they are and it's actually worse than in some ways than what you're describing because we know it or i had

a point where digital technology is powerful no if it's not sure you're actually in terms of it's not just its technical capacity but its ability to. perform tasks that we would normally think of as human as requiring a human after human agency to perform and so with these development what we see your face called expert systems and they are those once you've trained one of these machines it takes away the jobs from countless other real human beings because suddenly in the task it would require say a c.p.a. you can get right down the road in church x. for example and then all of the people who spent decades in school learning advanced degrees learning highly skilled trades or professions so they are out of jobs that's the next phase that's coming yeah i would have to have to interrupt there because tim geithner the treasury secretary even using turbo tax matters to

somehow not pay some of his taxes so he needs a special helper to help ham figure out how to work turbo tax so there is a job but there is one job at least for the minor of timothy geithner well michael ben current as always fascinating we've run out of time but thanks for being on the caza report thank you i appreciate coming from always enjoy talking to your ex ok that's all the time we have for the kaiser report with me max kaiser and stacy herbert i want to thank my guest michael betancourt his twitter address is send a graphic and he graphic want to send me an e-mail please do so at kaiser report at r t t v are you until next on the banks either side by a. the

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