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tv   [untitled]    November 3, 2011 8:30pm-9:00pm EDT

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on demand on season one the old comes an r.s.s. feeds now in the palm of your. question on the call. more news today harlan says once again fled up the phone these are the images the world has been seeing from the streets of canada. shanghai for asians or the day. i am maximizer this is the kaiser report i know you want to see max and stacey in
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bed we're going to accommodate you with a show coming up soon probably into summer 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 she'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 go for me max make love not that. that's the g.i. bill are sent 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 thousand 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. nobody thought to look at the full three sixty of the truck exactly
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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 and they saw john was a visionary he saw the future he 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 even. you must feel you know. 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 like elaine anyway. says that no one can claim to be immune from a greek style spiral why because our economies are richer and we are aging so public expenditure they say will hit forty five percent of g.d.p.
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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 yeah 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 anti-globalization 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 stopped 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 m.
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and a department mergers and acquisitions then you have 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 department society general first of all society in general is technically insolvent i think they have not enough working capital to to meet their monthly expenses that it's all coming from outside forces and through the shadow banking system same thing would be in peat it's technically an insolvent bank doesn't stop the research department 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 a global bank meltdown warble currency meltdown and the rise of gold and silver
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well you. that shadow banking system bailing out stops and that shadow that's a whole lot like the us federal reserve have all the us federal reserve balance she is now several trillion dollars in size and growing rapidly in what they're trying to do now with the f.s.f. which is the european version of what happened in american two thousand and eight they want to take especially to 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 the next six months but max we are all greeks now or even. greeks 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
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see going forward and 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 paid 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 out of this lot of them out there saying that well we have to honor our debts to sovereign creditors we couldn't possibly abrogate a contract that's anti civilization so they speak out of both sides of both companies and almost to the benefit of the top one percent almost 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 rose in the pocket of the banks that he's a terrorist as in terrorism as in patriot act style terrorism and he needs to go so zero hedge says very soon greece will discover that not only are their pension
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funds about fifty percent underfunded courtesy of the first of many european bailout 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 i k a spiral coos the persians are not under funded the great banks are overfunded. contro needs to be showered in a mountain of moussaka. he needs to be buried a lot of talk up that might make him more appealing than he normally 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 illegally 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 owed this pension that they said you collected illegally and that reminds me in america all
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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 that hollow 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 but 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 firms that they are the ones that committed the crime and they're laughing at the people that they thrown out into the street. were all great i think we're all on the transit for
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a blink and 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 won't take it all you're going to the ghetto 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 se 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 bleak foreclosure on current so again taunting these people taunting the people that they've 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 fraudulently induced mortgages all these mortgage bankers and brokers are demonstrating classic
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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 their society needs to do away with them or i think you're right there max on the serial killer front 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 and bill black put fifteen hundred of these guys in jail during the eighty's he's very specific about saying 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.
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the homeless population of new york city rose to 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 and they'll be talking about the final solution but i think the better neighborhood to live in is max keiser his neighborhood this is some more edgy elbow art currently somebody is making a film version of the show but let's turn to the european neighborhood jim rogers says new greece still can't see 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 debt haircut but
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a five hundred percent increase in recapitalization of fraudulent loans from the banks so the banks made money and the total and 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 as always yes he wears a coat tight like you do. i got him into 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 deutsche bank and make whole depositors you know what i think we're going
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to get into this in the second half hourly i think oh i think you're talking to greg you ones don't or oh good so we're going to explore this more deeply thanks eric thanks so much for being on the kaiser report humans don't go away much more coming your way including gator jones got here talking about this very icelandic screw up. pretty. good to take three. three. three. three. three. three. video for your media project c.e.o. don carty dot com. we'll. bring you the latest in science and technology from the realm.
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of the future of coverage. and. i welcome back to the kaiser report imax kaiser but i'm gonna go to iceland and speak with brigade jones don't fear she is a member of parliament in iceland ready to welcome back to the kaiser report well thank you very much some happy to be back all right forget the last week the icelandic government and the i.m.f. co-host of the conference iceland's recovery lessons. and challengers before we discuss the conference give your audience a brief outline of the collapse in iceland oh wow so in two thousand and eight we have the. financial meltdown in the history of humankind. we were the most
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developed nation according to the un two thousand and seven. two thousand and eight we were under terrorist acts when one of our banks yeah some big name associated to it and yet the courage is less than alongside the north korean symbiote when ok let me 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 they they have been hunted them down as terrorists oh no and there is through our investing unfortunately one of them is still on the list of pearl it is people all around the world and unfortunately none of the people responsible for the consulate scheme in relation to the banks has been persecuted to my understanding though it is very difficult to get these people
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charts because many of the people that run the banks think all right the loss so they know how which lupul steals and with grace funds to scale down so i am not sure if the people responsible acts from inside where would be held accountable and this is a not only a problem and i ask them for all of but it's hard to believe because they were able to get gadhafi saddam hussein and what was the name of the primary terrorist in iceland that people are trying to find and prosecute hopefully hang what they're saying again they don't want to torture your person on her and he is so actually one of the prime ministers in the new that is sometimes in iceland that assumption as one program pulled in and he was responsible for i said. but there are some good news to relations about three days ago there was a portal only finally in relation to his emergency laws are we put through all that in order to deal with the fanatical outs will hold cannot they will hold and that
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means that the british and the dutch governments will get all the money that will be awesome to crack spears. or we hope to somehow or ruling em and. if we reach their yearly law yeah that's right david cameron and the government at all and they are being held hostage by bagging terrorist america injuries and they they need the icelandic people to help them find the extortion money now when i still was dealing with the i.m.f. how much debt iceland take from the i.m.f. and what did the i.m.f. demand in exchange for their alarms well this is all a very interesting story actually our according to the finance minister and the central bank manager in iceland we are not to use any of the long term the owner but we still haven't given them back to them even if we are supposed to be finished in the program the interesting thing is the i am at has now decided to use
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iceland's. as a promotional key for them being the new cuddly and soft i am or i have to remind people on their own or conference nurse and last week about their policy in the east and their policy in filming or where they won't be it's not changed anything from the previous disasters in asia spoke to still trying to market so the i.m.f. us if it has changed and i think it's dangerous many economists and so you look up the us one thing some people. who'll strengths now here. no warning they have not and even if things they have not done us harshly in iceland there there is for example one story that has not was not discussed the people's front rows and or and
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that is the one of our energy problems and iraq was sold to a foreign company like one of these group companies think created their own poor company in sweden not to buy them they were fronts for the pan american civil corporation from canada and they mostly get a resource that suits in the remaining the ownership of the nation ok let me a cutter in there for seconds on other words iceland and not use the i.m.f. along but the i am up is still going forward with this asset sales of icelandic of properties anyway and they are using iceland as the poster child for their activities in greece iran are spared i mean they have the perfect poster child of god i trust god is his father be the financial rapist of the century how come they don't push you out of those critical guard bend your country yet to let you know the good news that the i.m.f. is there to help you no we don't seem just being in iceland yet but there we have
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out there and i am at the managing director speaking at this conference and and oh he's so happy i am that had indeed united and how it's strengthening the welfare system which is of course look. we have basically we only have to buy that we will health care and educational system you're proud to be most of anything new national independence party but we are we haven't accepted this we we don't even have property stop hospitals and all the hospitals now are so they've been slashed so badly that we've been getting letters from all of them parliamentarians and i stand just basically. i mean the thing kept me more and that's you know we will have health assets and operate the same applies to the educational system and of course usually the people that can't defend themselves and have the most difficult
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time in that sort of austerity measures so even if we have women on the top of the i.m.f. i don't think it has changed yet and i don't think we're in a chance because we all know now what the function of the i.m.f. is and that is not to look after the people but to look after the people who don't have the power so they're not they're looking after the one percent not the ninety nine percent all right now iceland did stiff the guard holders on the collapse of the banks in iceland something that you're not seeing in ireland or greece where 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 but i think there are some things that can be learned from us and we have to bear in mind personally that special it was not because the icelandic government was so smart. to let the banks fail who just
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couldn't get the money to save them. and you know everybody thought that that was needed back but actually has turned out to be a lasting settlement for the three banks were actually i love to fail but one of the differences between iceland and many other countries is that many of the people that had money in the banks or serious or in you know on some of these toxic material and so were not as members they were mostly poor. poor and only some don't . want to sleep around jews that would not be the case for some would collapse in france so that was a blessing in disguise that we have been used. so how it's. who or what this and some countries might actually want to consider the plants i think in general what people are calling for now all of it well at least not the banks
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will become smaller now and then will be separate and more help more accountable and we should indeed use tariffs so the community parents for the people in the communities and then run while their bubbles do the piece when you see your london oh any any 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 and i phones banking system we want to put it together with our global bell our funds to continue the too big to fail motif 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 a market competing with each other but let's get back to the conference that you
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were recently attending because we were reading your tweets from the conference and you tweeted that citi group their chief economist william voter said that there should be a jubilee jubilee every fifty years your thoughts on how that was received and no surprise to many young person he said if you. really haven't fifty euros and we hope meet you will be nine or he so out he was basically saying that we should have their nuclear announcement maybe that primes come everywhere maybe it's time that we. we start anew and i think what i've been hearing everywhere is that people who don't trust in the system any aspect of this is the system so certainly that's a matter of the british system of wonder since that's so yeah why don't we. it's nonsense gratis and have you believe everyone well the gold and silver vigilantes
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are going to force the issue one way or another the government can put off the inevitable as long as they want to stop stopping all and sober from continuing to go higher well finally brigade a question from facebook dot com slash cars a report from jesse kersey who asks does 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 it for good to you having been there it's not here on or no you see the banks for me bill has passed where we actually there isn't so much back secrecy even. france minister doesn't have access to who owns the banks and the rest of us you know so there's still no
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transparency in the in the icelandic banking system even though you are unsure severely financially raped by a just b. c. barclays lloyds of london lehmann bear hallman j.p. morgan who are gangbanger mercifully there is still no transparency in iceland incredible isn't it. me and a few other people in the parliament but we are speaking to the arabs and i think we have been one that most politicians who are you know people in power are it's their preference for repentance. and we just have to present and it is really time that we look beyond the traditional problem because let's face it our democracies they are if cater ship with many hats because we are people we do not have access to decision making want to make sure that they are doing their jobs in favor of our needs and the needs something ninety but only the few are abrogated jones not there
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that's all the time we have for thanks for being on that as a 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 desperate of john's daughter you can follow her on twitter at birth j. . you can follow us on facebook dot com slash has a report or a twitter slash the report you can also send us an e-mail and kaiser report in our t.v. are you and follow me on twitter instead of state you are right i'm not going to now it's twitter what you'll figure it out it's not our in so much time this is nice guys are saying. the only. good sometimes you see a story and it seems so please you think you understand it and then something else you hear or see some other part of it and realize everything you thought you knew
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you don't know i'm sorry welcome to the big picture. the emission free couldn't take three the store charges three. months free. three stooges free the. old free brokers loaded videos for your media project a free media oh don carty dot com. is he ok.

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