live from moscow this is r.t. top stories now the greek prime minister moves away from plans to hold a referendum on whether to accept an e.u. bailout after coming under pressure at home and abroad. europe's financial chaos hijacks the g twenty meeting in france as the leaders of the world's richest nations discuss what to do about the greek debt and the teetering euro zone. down the road from cannes and g. twenty marches and alternative gatherings are being held surrounded by a massive police operation. oakland streets are littered with tear gas canisters

and spent rubber bullets softer a riot police crackdown on a massive occupy protests are left america's fifth largest port paralyzed. putting at risk the last remnants of stability in the war torn middle east of the final touches on the plan for assist the u.s. in a preemptive strike against iran's alleged economic symptoms can still take a moment well for me and half an hour from now in the meantime it's our latest edition of the cars report coming up in just a moment. max kaiser this is the kaiser report i know you want to see max and stacey and bet

we're going to accommodate you with a show coming up soon probably in december we'll be in bed not only that but you're not helping me by not following me on twitter and by following stacy herbert instead now he's catching up to me on twitter and the number of followers and that's not right is it it's called the kaiser report all right stacy everybody got for me max make love not that. that's the yobbo art sense in this week as you see apparently john lennon and yoko ono were actually watching the kaiser report during their famous bed in in one nine hundred sixty nine and you see you know this is a unique perspective not very many people look at this shot from that time but as you can see they were also saying all we are saying is let the banks fail and kaiser karma at the time nobody thought to look at the full three sixty s chart exactly to look at some of the posters on the wall like make love not dead now

suddenly in the year two thousand and eleven john and yoko were close alliance they saw john was a visionary you saw the future you knew it was coming well let's move on to the first headline here max the new world order fiscal austerity sectors in the line of fire this is a report from society in general and they say we are all greeks now max as we're all greeks we must say that in greek you must be only a dollar even though you missed a lot. and i always thought what i was saying was i need another cup of coffee i thought that's what i was saying i don't know you sound like a lady anyway soc gen says that no one can claim to be immune from a greek style spiral why because our economies are mature and we are aging so public expenditure they say will hit forty five percent of g.d.p. by two thousand and fifteen but. max i don't think it's because just because we're

aging i think it's because we have too much crime too much banking crime too much debt. well that's this is the underlying kind of realisation that is slowly coming into the consciousness of those who are being victimized by banking crime you know remember ten years ago it was the antiglobalization movement and then they figured out you know what let's let's get more specific here it's actually wall street it's actually the banks we need to attack and then the next step would be to name individual bankers and then to get the pitchfork but soc gen should talk because of course they wouldn't be in existence if greece actually went under because bailing out greece was largely bailing out society in general and bank. well this is an interesting comment on how modern banks work you have the research department then you have the emanate apartment mergers and acquisitions then you

had management then you have a proprietary trading desk and these parts of this company this bank should all be regulated in some way so that they don't abuse their positions to make money at the cost of the overall integrity of the system and what's now known as the bottom ninety nine percent so the fact that a research the problem society general first of all society general is technically insolvent big they have not enough working capital to to meet their monthly expenses but it's all coming from outside forces and through the shadow banking system same thing with b.n.p. it's technically an insolvent bank doesn't stop the research the apartment from putting out reams and reams and reams of research some of which is good some of it bad but all of it is in consequential taken in the context of global bank meltdown global currency meltdown and the rise of gold and silver well you.

shadow banking system bailing out soc gen that shadow that's a whole lot like the us federal reserve i have to say well the us federal reserve's balance sheet is now several trillion dollars in size and growing rapidly and what they're trying to do now at the south which is the european version of what happened in american two thousand and eight they want to take especially the bundesbank the german banks and they want to expand their shadow banking system and according to the president of the e.u. they want to expand it to five trillion euros right away and probably take it up to twenty trillion euros in the next six months but max we are all greeks now or even still you know still. greek set to scream bloody murder as pension fund threatens to recruit eight billion euros in illegally paid out proceeds this is another thing you're going to see going forward in this is

something we've talked about a few years ago that we predicted this is they're going to come up with all sorts of oh you illegally pay this to you and you illegally accepted this pension money and therefore you owe it to. check out the the asymmetry here they're abrogating a contract a pension contract and they're confiscating billions of euros at the same time i'm going to starve them out they're saying that well we have to honor our debts to sovereign creditors become possible to abrogate a contract that's anti civilization so they speak out of both sides of both countries and almost to the benefit of the top one percent opposed to the detriment of the bottom ninety nine percent the greek people are on the street of course they're fighting back they understand it's the banks now they understand a pop and drove in the pocket of the banks that he's a terrorist as in terrorism as a patriot act style terrorism and he needs to go so there are heads says very soon greeks will discover that not only are their pension funds about fifty percent

under funded courtesy of the first of many european bailouts but that they will actually have to repay pension proceeds back that's eight billion euros again and it's according to the social security foundation the i.k.a. were varicose spyro the purchaser not under funded the great banks are overfunded ok hundred needs to be showered in a mountain of lusaka. you need to be buried a lot of stock up then i can make it more appealing than he normally well definitely tastier well the other thing i thought of this of course is that you're going to have these your savings disappear for example and i'll say oh we'll legally paid you your pension or you illegally collected your pension and it will be up to you to go up against the behemoth of the state to prove that actually you were bowed this pension that they said you collected illegally and that reminds me in america all of these foreclosures that happened over the past few years where

there was no paperwork no titles all sorts of illegal activity for which the banks have paid nothing but us some small fines here's the headline max disgusting fraud closure for mocks their victims out how we party so this was on friday of last week and it was the law firm of steven j. baum who are known as a foreclosure mill and they represent mortgage lenders including citi group j.p. morgan chase bank of america and wells fargo and as you can see from these photos this is their theme of the homelessness of the people homeless due to their foreclosures so in this one image you see these two women who have the sign i lost my home and i was never served so specifically marking the fact that there are crimes all of these banks and these foreclosure for that they are the ones that committed the crime and they're laughing at the people that they've thrown out into the street. were all great i think we're all on the train to treblinka now

basically it is wall street banks have their way you know what we it's going to happen in europe is probably another. kristallnacht you know this is the night when game on you know when basically it just will take it all you're going to get oh you're going to the concentration camp that's what the banks in france and germany are angling for now and let's turn to this other image here from that same. party there's one sign that says o.t.s. c. it stands for order to show cause which is a last ditch motion that often made by desperate homeowners about to be evicted from their homes and another sign saying bleep foreclosure on current so again taunting these people taunting the people that people illegally foreclosed on and forced out of their homes based on mortgages from j.p. morgan citigroup and wells fargo that were illegally induced that were fraudulent only induced mortgages and all these mortgage bankers and brokers are demonstrating classic signs of the serial killers who they want to be caught you know they're

sick and they want to believe these clues because they realize. the sign he needs to do away with them well i think you're right they're not on the serial killer fronts because that is perhaps something you're seeing because of the lack of justice the fact that the obama administration and their department of justice refused to prosecute these crimes these people become very hubris stick they think that they are better than everybody else and they can mock them and then also there are some who genuinely feel guilty and want to be caught so they're leaving all sorts of clues to their crime i mean those women in that photo they're openly admitting to their crime but they sent a family out into the street right and bill blair put fifteen hundred of these guys in jail during the eighty's very specific about eric holder of the u.s. attorney general is also on the hook for this type of negligence just to highlight max how disgusting this event was i want to turn to new york city homeless

facts the homeless population of new york city roasts an all time high in two thousand and eleven a reported one hundred thirteen thousand five hundred fifty two slept in the city's emergency shelters last year including over forty thousand children so forty thousand children these two women are marking you know we're talking about the final solution but i think the better neighborhood. live in is max keiser is neighborhood business some more giago art currently somebody is making a film version of this show but let's turn to the european neighborhood jim rogers says new greece still can't save europe so going back to greece we're all greek now jim rogers was very surprised and happy that there's a fifty percent haircut on greek debt but he says it needs to be more because they're bankrupt and need to be one hundred percent so unless that happens europe is doomed well it was a fifty percent greek that haircut but

a five hundred percent increase in recompilation of fraudulent loans from the banks so the banks made money and the total of that of this went up not down total propaganda well jim rogers concurs there because he says most european countries are increasing their debt rather than decreasing their debt until that changes the problems are going to continue just as they will in the united states jim agrees with me of course a little was yes he wears a tight like you do occasionally and. i'm going to gold i'm the one who got jim rogers into gold. anyway final neighborhood story here iceland passes final hurdle in eleven point four billion dollars payout so apparently there are high court in iceland has accepted the emergency law which. essentially allows iceland to shaft the bond holders which include royal bank of scotland b.m.p. perry and joyce of bank and make whole depositors' you know what i think we're

going to get into this on the second half hour when i think oh i think you're talking to bertie to humans dr oh good so we're going to explore this more deeply thanks very much thanks so much for being on the kaiser report humans now go away much more coming away including forget the jones don't you're talking about this very icelandic screw up.

i will go back to the kaiser report i've asked kaiser five got to go to iceland and speak with brigade jones thirty years he's a member of parliament in iceland bridgette their water back to the kaiser report well thank you very much i'm happy to be back again the last week the icelandic government and the i.m.f. co-hosted a conference iceland's recovery lessons and challenges before we discussed the conference give the audience a brief outline of the collapse in iceland oh wow so in two thousand and eight we had thirty financial meltdown in the history of humankind. we were the most developed nation according to the un two thousand and seven and two thousand and eight we were. under terrorist acts one of our banks now some big name associated with the net the terrorist base alongside with north korea . where ok all right let me stop you right there so in other words. some global

authorities recognize that the icelandic bankers were terrorists and they put them on the terrorist watch list or are they they have been hunted about as terrorists oh no they are who are investing to me one of them is still on the list the people who are the well and unfortunately none of the people responsible for the consulate scheme in relation to the banks has been persecuting to my understanding though it is very difficult to get these people charts because now any of them. people that run the banks think all right the loss so they know which loopholes feels and with grace and scared so i am not sure if the people responsible from dropping the banks from inside where would be held accountable and this is of course not only a problem and i spent a lot but it's hard to believe because they were able to get gadhafi saddam hussein

and what was that they were the primary terrorist in iceland that people are trying to find and prosecute hopefully hang lots of them against your cohorts your poor son and he is so actually wanted priming us through cinema that is sometimes nice that someone asked him where and he was responsible for i said but there are some good news no relation to these three days ago there was a court ruling finally in relation to his emergency law so we put through we in order to he was a fanatical out whole do not they will fall and that means the british and the dutch governments will get all their money back we'll be asking them to crack spears. put on because who isn't there so who are ruling am and. if we reach their yearly law yeah that's right david cameron and the government at neverland they are being held hostage by a banking terrorist america injuries and then they need the icelandic people to

help them fund the extortion money now when i saw this dealing with the i.m.f. how much debt that iceland take from the i.m.f. and what did the i.m.f. demand in exchange for their loans well this is all a very interesting story actually according to the finance minister and the central bank manager and i said we are not to use any of the loan from the owner but we still haven't even been back to them even if we are supposed to finish in the program the interesting thing is the i am out has now decided to use i. it's. a promotional kick for them being the new curtly and so i am or i have to remind people on their own or conference nursemaid last week about their policy in the east and their policy in their only or where they and the

have not changed anything from the previous disasters in asia spoke to still trying to market so the i.m.f. and us if it has changed and i think it's dangerous for many economists and so people look at the us one thing all. very much has changed now here no warning they have not and even if things they have not done are harshly in iceland there there is for example one story that has not was not discussed that this country has had or and that is the one of our energy companies or was sold to a foreign company like one of these group companies they created their own poor company in sweden in order to buy them they were from the pan american civil corporation from canada and they managed to get a resource that suit indeed remain in the ownership of the nation ok let me i got

in there for a second some other words iceland did not use the i.m.f. loans but the i am up is still going forward with the asset sales of icelandic of properties anyway and are using iceland as the poster child for their activities in greece iran or stare that mean they have the perfect poster child or guard trask obvious it's got to be the financial rapist of the century icon that will push you out of those critical guard bend your country yet to let you know the good news of the i am up is there to help you know we don't seem to miss being a minister yet but we have and i am happy. the managing director is speaking at this conference center and i don't see it so that the i.m.f. had indeed in iceland how it's strengthening the welfare system which is of course look at lucky we have basically we only have one of the. health care and education a since the. promise of

a new national independence party but we are we haven't accepted this we don't even have property stop hospitals and all the hospitals now are so they've been slashed so badly we've been getting notice from all of the army carriers and i was there and he's basically saying that it can't happen anymore unless you know we will have health assets and up are the same applies to you have to case an absence them and of course usually the people that can't be found themselves have the most people in that sort of austerity measures so even if we have women at the top of the i.m.f. i don't think it has changed yeah and i don't think we're any chance because we all know now what the function of the i.m.f. is and that is not to look back to people but to look back to people who don't have power so they're not they're looking after the one percent not the ninety nine percent right now iceland did stiff the bondholders on the collapse of the banks

in iceland something that you're not seeing in ireland or greece or the bondholders are being made whole so that piece of the equation in iceland anyway same sort of gone in favor of the population what are your thoughts on this aspect of the of the whole catastrophe well i think there are some things that can't be learnt from us and we have to bear in mind that iceland this was a little bit special it was not because the us and the government were so smart but it was sad to learn banks fail but these couldn't get them. money saved them and you know everybody focused that was needed but actually it has turned out to be a great lesson. three banks were actually allowed to fail but one of the differences between iceland and many other countries is that many of the people who that had honey in the banks were serious or are you know on some of these toxic.

we're not i sometimes go mostly poor. we're on our own we. want to think that would not be the case for example it would collapse in france so that was a blessing in disguise you know being used as a house. who are foreign traders now and some countries might actually want to consider it to let the banks fail i think in general what people are calling for now all over the world is that the banks will become smaller now. and will be separate. more accountable and we should indeed you stopes were sort of community based parents for the people in the communities and then people wouldn't run well with their bubbles in peace now you know you're lumping o. ne ne economy anywhere thrives on competition and if you have too big to fail banks

that means you don't have competition and the i.m.f. is saying that wait a minute we don't want competition in i phones banking system we want to put it together with our global bailout funds to continue the too big to fail market if that has destroyed these economies that made our staff extraordinarily wealthy and everyone associated with our staff so yes competition needs to have actual multiple entrance into our market competing with each other but let's get back to the car friends that you were recently attend. because we were reading your tweets from the conference and you tweeted the citi group their chief economist william voter so there should be a jubilee jubilee every fifty years your thoughts on how that was received. by many of. these. years and we know it meets the new forty nine or it's the

so he was basically saying that we should have actually announced and maybe that friends come everywhere maybe it's time we. it's we start in you know and i think they're right i've been hearing everywhere is that people who don't trust the system and he asked the system a sound that's a matter of national system or a border since the ins so yeah why don't we. it's nonsense not have you believe everywhere well the gold and silver vigilantes are going to force the issue one way or another the government can put off the inevitable as long as they want it does not stop in gold and silver from continuing to go higher well finally brigade a question from facebook dot com slash carves a report from jesse kersey who asks those brigade to believe that the greek and or portuguese lawmakers of the car harness to take back their sovereignty or is it too

late for them and let me just also add here from what you're saying here today the i.m.f. is so intricately involved in the icelandic banking situation today that it's not clear that iceland really has avoided loss of sovereignty yet is a pretty good yankee there it's not clear on who you see the banks with me bill just ask me where and we actually there isn't so much bank secrecy even. the minister doesn't have access to who owns the banks. you know so there's still no transparency in the in the icelandic banking system even though you are unmercifully financially raped by h.s.b.c. partly as lloyds of london lehmann bear goldman j.p. morgan you were gangbang unmercifully there's still no transparency in iceland incredible isn't it we try to put me in a few of the problem and we're speaking to the arabs and i think we have in mind

most politicians or you know people how are it's their puppets for their kindness. and we just have to face it and it is really time that we look beyond the traditional. let's face it our democracies and they are many hats because we the people you cannot have access to decision making want to make sure that they're doing their jobs in favor of our needs and they need some money but only if you are a brigade of drones not there that's all the time we have for banks for being on the kaiser report thank you so much and that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert i would like my guest brigitta jones go to or you can follow her on twitter at. j you can follow us on facebook dot com slash kaiser report or a twitter slash the report and you can also send us an e-mail of kaiser reported r

t t v r u n follow me on twitter instead of stacy herbert i'm max kaiser slash twitter no it's twitter what you'll figure it out it's me that matter until next time this is nice guys are saying by all.