also thinks this is real top stories that r.t. police crackdown protesters across america failed to stop the spread as authorities lead demonstrators in the heart of the occupy movement out of the cold peace of confiscated power generators and gas heaters now from the protesters of the campaign the temperatures had subzero we're looking at pictures from the now it started snowing of the top stories from us a stern warning from the arab league it's calling on syria to stop the bloodshed is because of civilian deaths are reported in pressure and the government cracked the league's syria committee too for another round of crisis talks with damascus. and history repeating itself the man who built the biggest financial pyramid in russian history may be back to his old tricks after serving time for millions of the savings this time his sights are set on investors in ukraine. coming up next on r t

the cause reports age inside the world's top financial story. or this is the kaiser report let's talk about tony blair well markets and assorted other psychopaths. robert. herbert to you max first headline banksy presents new artwork to occupy london movement now of course as with every single banksy art nobody knows whether it's his or not and this controversy already on a banksy forum there suggesting that this could be from the kaiser report itself that created this artwork and presented it to occupy london because as you see in this little image keiser. dot com everybody's taking us as the max kaiser

what's that's asked is that now that we're on three times a week goes out to two hundred fifty million people around the world everyone kind of looked over their shoulder thinking about cars report all day long max and stacey that's all anyone thinks about because that's all really that matters in this new post occupy wall street world post global insurrection against bank regulation world this is all there is we are here we are told to go through all the state of all the watch the show tell your kids to go play to the printing machines just watch the show well that's the clever thing about this everybody takes this prize report dot com but if you look at it it's kaiser wart and one of the original meanings of the word wart comes from london flying meaning fine splendid jolly or boisterous nobody can accuse you of being too boisterous max oh so it's a triple entendre well i'll tell you the other two meanings yeah i already saw

stuff because of my laser like. welding other option is in new zealand and australia refers to a financial impropriety particularly relating to a government program defrauding the government program while defrauding the public has become the de facto modus operandi of all the g. twenty nations as they perpetuate their massive ponzi scheme europe is going to be ok with leveraging the european finance all thing that they've created that just means more. currency fraud gold and silver to the moon gold and silver to the moon ok but you know talking about banksy one of his clever pieces of art and that was when in response to a call to be's auction where his artwork was selling for seventy thousand pounds of pop he created this piece of art called i can't believe you morons buy that. again we have to bleep that word out of course i'm sorry but i thought this would be

a great piece of artwork to be plastered across every single prospectus every single collateralized debt obligations or mortgage backed security that goldman sachs and j.p. morgan tried to sell to a pension fund is it has to say in bold images right up front i can't believe you morons are buying this toxic waste well in postmodernist are seeing the value of art is determined exclusively by art enabled propaganda as you know as the transition from representational art to abstract art to post abstract to post data ism to post coast modernism we only have art now that it's value is determined entirely by the ebb and flow of mass hysteria as it relates to fetishism as it pertains to something of perceived value post andy warhol campbell soup cans where he turned something common a soup can into a fetishistic object that had to be bought at any price enter banksy who rightly

called on the kaiser report as being completely in june with the current design of post post post information age were our value is determined by the collective unconscious winching and the central bank policies are similarly affected pure propaganda ben bernanke he says he's trying to promote inflation but in fact he's scared that the deflation is deflation that put. bernanke you know the soup line and we can only hope that his fate is the same as when margaret dolphins remember it's either banksy or its kaiser report that created that art let's move on to why i think we need to have i can't believe you morons buy this toxic waste plastered across even the foreheads maybe of the central banker or too big to fail banker guess who is even more leverage than the european banks this is one zero head shot

comment it comes from phoenix capital research and they're saying that while the world is awash in liquidity no one seems to notice that it's actually in the form of leverage or cheap debt not real capital or equity so this is important to know as these g. twenty nations meet in the south of france this week and the us banking system as a whole is leveraged at thirteen to one which means that an eight percent drop in asset values mean they're totally wiped out the european banking system is leveraged twenty six to one which means that a four percent drop in asset values mean they lose all equity but max guess who is the leveraged the most the federal reserve bank of washington d.c. what is the exact number their leverage if they're at fifty three to one right so an asset value collapse of less than two percent means that the entire federal reserve is bankrupt now here's the thing about a sleazy herbert is that if we listen to the propagandists see n.b.c. or c.n.n. and united states like erin burnett for example she had a video out there castigating some poor occupy wall street protester by saying that

the g.m. and bank bailouts are profitable now that's not true because they just took the debt and put on the fed's balance sheet and now when the fed goes bankrupt all you need is a less than two percent swing and house of values and the entire dollar is collapses into a pile of horse predators and their shoe of course will still get her salary for telling lies and propaganda every want to see and b. c. will still get their salary games cramer who's killed more people in the equity markets then even bernie madoff will still get his salary bonus because the. it's all about perception not about actual value speaking of perception and not actual value look at how smart the american population is they sense this the hill poll voters say u.s. is in decline or resound ing sixty nine percent of respondents said the country is in decline the survey found while fifty seven percent predict today's kids won't live better lives than their parents absolutely true and sooner or later you're

going to see this reflected in the stock market so people who are concerned about the value of their net worth should start to make negative bets on the united states economy in particular companies that are exposed to the global the sense of like i'm thinking maybe coca-cola for example our friend adam curry has got an occupy coke campaign running on top of the campaign we had a few years ago these are the kinds of companies that once the safe in the dollar and america collapses that stock could go to zero and if you're making negative bets you've got to hedge against collapse and lose your preserving your own wealth well the theme of the show is i can't believe you morons buy this but weep now we're saying here that only the g. twenty guys only the star who isn't berlusconi is in obama's and geithner is of the world meeting down there in the south of france this week by this they push on us the population itself knows it's a hoax they know it's a joke they know there is no hope in their ponzi scheme economy

yeah that's right the awareness is building and on the margins were economically speaking all price discovery and price action begins that's why we're seeing a fundamental change in other words like barack obama talked about change but his was a top down change all talk no action you know as i say in texas all hat no cattle this is a fundamental grassroots change incremental on them. margins which of course will could change the center change the dynamic that's why all these occupy movements are extremely important every new individual that sits down and says no bus stop problem nuff it triggers gets closer toward a global collapse of the dollar which is the world's prison currency well the other important ingredient in this financial collapse is the price of oil not a myth the skyrocketing cost of new oil supply and this is from the. annual energy

review and it shows that the capital required to add an additional barrel of oil to reserves experienced a step change starting last decade and you see from two thousand and three to two thousand and four not straight out what of course happened in two thousand and three they are recognition iraq invasion and invasion a war without any intent to pay for it via taxes the first war to be financed by a just inflation i.e. stealing from the population but the iraq war has caused rampant inflation and we see this down the cost of getting that barrel of oil out of the ground and processing it the absolute absolute price of brant crude prices cetera has moved and it's quoted often and you get the sense of where the oil market is but the people don't understand is the cost of actually calling barrel of oil out of the ground and what you're talking about here is that the prices skyrocketed because

all the inputs that go into getting a barrel of oil out of the ground those prices are skyrocketing due to all the money that was flown in the system to pay for america's genocide of a million iraqis for tony blair's retirement fund speaking of tony blair i have in this headline max tony blair's team have set up an office in kazakhstan says presidential adviser so believe it or not any body who calls tony blair in to advise them they usually end up buried at sea or in an unmarked grave in the dead. there lo and behold apparently cause our president nursultan nazarbayev has hired tony blair associates to advise him now the article points out that with its vast energy supplies the central asian state is increasingly confident and prepared to spend millions to promote itself tony blair himself says he is not personally making a profit directly or indirectly through tony blair associates or any company on

this why buying puts on all the leadership in this country tony blair just entered because nobody is safe now the tony blair is there they're all in the crosshairs if you're if your leadership there you value your life and you should leave immediately because tony blair is in the house and tony blair is in the house the big house of the vatican house of course and this brings me to blair's body pope benedict vatican calls for essential world bank to be set up pontifical council for justice and peace and a document called towards reforming the international financial and monetary systems in the context of a global public authority yes they're calling for a new global economic authority and a central world bank to be run by the un under which tony blair now in richard's himself around the world i mean to think that the pope is coming out and saying the vatican well this be a world bank because everything that's caused millions to die is a centralization of financial authority in too big to fail institutions so here you

have the vatican saying let's create an even bigger too big to fail institution to create more murder more cess nations more war the sky is completely inconsistent with anything that philosophically or theologically speaking that he says he represents this is no connection and c.m.t. c.-max here says it should be news to the ears of occupy wall street demonstrators and similar movements around the world who have protested against the economic downturn. first of all we are not protesting against the economic downturn we are protesting fraud against banking fraud occupy vatican occupied vatican is the global insurrection against baker occupation we're not saying who cares if the economic downturn this is economic collapse caused by financial fraud unchecked plus the vatican bank is one of the most corrupt banks in the world it's as corrupt as goldman sachs and j.p.

morgan it's as corrupt as they just be saying it's a corrupt is not a big bank but i think he he was concerned about stephen schwarzman and lloyd blankfein getting you know is god game trying to wrap goldman sachs and and all these press right look like i said he's doing god's work yeah i hope like oh wait a minute i got the big. thanks so much for being on the kinds of reports thank you max go go away much more coming away so stay right there. to. read you the latest in science and technology from the right. we've got the future

coverage. a little. by my stars are welcome back to the kaiser report time now to go to atlanta georgia speak with gal for berg gallons of actuary who writes that our finite world dot com and you can also follow her on twitter at twitter dot com thornwood slash yell the actuary get all the actuary welcome to the kaiser report ok q all right carol our current elected pedia an actuary is a quote business professional who deals with the financial impact of risk and uncertainty so the question is with risk and uncertainty in mind and tell us about your latest article on the united states as debt global and risk pose for the america and a whole world of just time well i think probably contributes to g.d.p.

growth as it goes up. as you start reaching limits in oil supply or whatever kind of broader finite resources that we rode to the limits in your debt rubble starts the flaming and it acts the reverse direction it causes the g.d.p. to be greece rather than increase i mentioned oil there to what extent has or has oil supported the that bubble in america well i think that oil has helped us have economic growth it was especially true prior to nine hundred seventy when it was our own oil supply that we were pumping out on their growth rate was higher back prior to nine hundred seventy then when we started importing more oil using oil from around the world and while that we got from elsewhere we're sort of

we're not quite as well as they were we had ourselves and our road growth rate slowed down. after the one nine hundred seventy nine hundred eighty period and so we've been any lower. growth rate but the fact that we had while in there helping us keep the growth rate up has helped us to maintain our debt growth which has resulted in a combined high growth rate right now or certainly the g.d.p. has been bouncing around over the past twenty or thirty years they had a nice pop there during the reagan years but oil is certainly contingent on the growth of the debt bubble g.d.p. there is a relationship there so now that america occupies iraq libya they've sent troops to uganda with these oil reserves secured by the american empire with this enable this debt bubble perhaps to resume growing and maybe is just a way the u.s.

will see its way back to growth where i don't see in the urban what terry approach surely has worked very well in the paris three he had all kinds of military interventions in your bread and even production in iraq is just barely growing how to oil exports aren't growing up at all because they don't have the export and cassidy are even if they do have increased oil production there is no direct translation of our military efforts to higher oil production and i suspect we'll have the same situation elsewhere cracknell what you're describing here in terms of a debt bubble collapse is deflation something we saw in the one nine hundred thirty s. after the run up on the stock market and other assets in the one nine hundred twenty s. you had the big part the big crash and you had a de flay sherry depression and what you're describing here is a de flay sherry depression of debt implosion and inability of policymakers

to restart the inflationary bubble the reserve. thank you is however trying to. restart inflation by putting as much money into circulation as a possibly can over there at the fed is the deflationary debt implosion going to continue at this pace in your view. so we end up out in one nine hundred thirty s. style depression. worse than we are now or will there be any intervening force to counteract that well i think we probably will had heard something that looks like a one nine hundred thirty style depression. i'm not quite sure exactly how it works out but i think what happens is the the prices of goods that people use on a day to day basis you know good food and clothing are going to continue to

rise with going to happen has it's going to be increasingly difficult to sell assets that normally and yet. associated with their sale and so there's going to be deflation in home prices or just inability to sell them in commercial businesses or even stocks and things of this sort are are going to be affected more by the time the prices are here again commodities that everyone needs right so this is it's a bit of a mixed bag isn't it because although you have you have what's called cost paul inflation with energy and food at the retail level that people point to and say oh look at inflation when you compare that against a backdrop of the housing collapse and the bond market collapse the net effect is still deflation isn't it yeah i think there's the regular describe it but for quite

a view the ordinary person who made it is making not a. a lot of minimum wage i think they may see it is in play sharing right now let's talk about china for a second because one of the primary reason really why you haven't seen inflation in the u.s. despite all the money printing is because of the offset that comes from chinese labor force that has knocked the u.s. worker out of the box and has contributed to this massive wave of the flesh and and china of course sucks up all the cash and they're hoarding it more or less in the got trillions of dollars of the reserves they're not research elating it not sense they keep a u.s. dollar a year when paying in place so china is really i would say the biggest obstacle to be less being able to grow its economy again. how is that going to play out your view going forward but i think there's another aspect to change the current me too

and that is that at least their internal rose has been propped up with a lot of debt at their own building all kinds of apartment buildings everywhere i was just over there in may and song for myself how much building here go on on but there are all kinds of government projects and there's a lot of debt that undermines all of this and so china needs growth to support all of its debt as well but what's happening is that its customer base is slowing down in the price of its coal it's buying is rising the price of well of course that prices rising as well so it's starting to feel some effects so there are some definite issues with china actually being able to keep up the pattern that it's heading in the past and it may spare hitting

a recessionary impacts as well i'm not too sure ok well what used what you're describing. there is if in the past if one country's economy is slowing down another one might pick out and this has gone on for many decades it is part of the global scenario economics for quite some time but now if china starts to slow down in a meaningful way it we're talking about a global depression so post collapse what happens to the dollar and does this affect the currency markets in any way like we saw after world war two when they came together and they created the brant woods agreement having to reconfigure the global currency markets you see anything like that developing yeah i think there's very obese and major upsets in the currency market i think the euro their way out of all of the activity we're seeing over there i'm afraid we're going to see is not really a break up here are some of the. countries leaving the euro or the euro just falling

apart yeah there you know there's going to race towards the problem everybody wants to have their currency low and so they're better able to sell exports record whole situation just as a work i think there's going to have to be some sort of like you say a reconfiguring but i know it should be able to reach an agreement i know you mentioned a call there a moment ago and i want to pick up on not a little bit you know the history of energy usage over the years you know you had whale oil which gave way to coal what's going wait it only oil petrochemical oil now is there another energy source in our future that's going to be able to pick up the slack in your view i don't see that there is i think the hope back in the seventies rise that it was going to be nuclear energy but now we've seen so many bad results from nuclear that i don't think there's really hope that bats the one

that's going to relate take us to a future maybe if we had tried story in back forty years ago and. had already wrinkles worked out in use than stone eurabia maybe that would have read it this way it's really getting to late in the game to find a new energy source and get it growing can you give us a one minute breakdown on thore and i just was reading about this recently we had a point going back at the dawn of the nuclear age of choosing. nucular substances and can you just give us that one minute summary of that story well third is in some sense similar to your a.t.m. but it doesn't mean if you read all of the radioactive residue that's a problem after the fact so it would be a much better source from their point of view it also has a billboard rushed larger quantities so it wouldn't be as russians are problem for extraction from around the world and also when it's mine it doesn't cause our

problems the uranium that's right so i'm assuming that the lobbyists for the iranian industry had their way and that's why we have uranium today. but let's wrap it up of you've got about a minute left your final thoughts on what happens when the debt bubble or peak debt meets peak oil which is the moment we seem to be at right now these two developed simultaneously over the past thirty years the debt bubble grew as the oil market grew now the peak oil we've also had peak credit or peak debt so what's the go forward from here again i think we end up with a situation that looks a lot like the limits to growth but was forecast back in one nine hundred seventy two in the book was originally written where you have downward spiral in all areas of kurmi in steria been by limited resources all right well

that's all the time we have thanks so much gallant virt for being on the kaiser report thank you. all right that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert our thank my guest for burg you can follow her at her website at galley actuary now if you want to follow me on twitter i'm at twitter dot com forward slash max kaiser stacy herbert you can follow her to using her name or you can also go to facebook dot com slash kaiser report to keep up on all the updates and we ask you for questions on our show so we rely on you to help us and if you want to send me an e-mail you can do so in the report it r t t v dot ru the next time this is max kaiser saying by all.

i'm.

isn't. watching our team tonight.