look at the headlines now occupy wall street activists are preparing for massive protests to mark two months since the movement began so after wave of surprise crackdowns by police to create their camps including that one word all began. the world ratchets up the pressure on the syrian president and the arab league citing a seventy two ounce made him to stop the crackdown western nations repairing the resolution at the u.n. . europe's debt inferno blazes brides are still the single currency continues to nosedive from within seconds of a contagion next one euro zone's most stable economies. the next election stacey explain why chinese banks are more lucrative than american ones majority u.s.

congressmen are millionaires and scars or false. this is the kaiser report this is. talking. on a lark to big chrome to terrorists are co-chairing all over europe since there are so many more well max yes bankers unelected bankers have been put into power in italy and in greece this past week and in occupy london stock exchange they're fighting back they know how to fight and crash j.p. morgan by silver you see from the sign that's right the silver stake through the heart of the bankers is the only way to build value you know iceland just as a side they thought they got rid of their terrorist bankers but they're back so

they didn't kill them dead in the last speaking of silver though let's move over to the east and we are often talk about the collapse of the us empire and the shift of power and wealth from west to east and we're going to look at a few headlines from a new site called the china money report first headline chinese silver investment going parabolic the china daily reported that the trading volume with silver forwards on the shanghai gold exchange china's only exchange for the precious metal surged seven hundred fifty one percent year on year in two thousand and ten meanwhile the volume in september of this year was more than six times that of the same period in two thousand and ten six times six times ani. over you know i don't understand why people don't see that we've got here china remember the greenspan put you know whatever the market went down they lowered interest rates a bail out these got owners in greenwich connecticut this is the kind of put you find all the summer you're not going to lose because china is right behind you find

tons of it but look at how silver is treated there six fold increase in the imports . september alone over in the us we have the biggest player in the silver market is jamie dimon and j.p. morgan of course which is they have a huge naked short position they're shorting more silver than there is mined in the history of the world practically that's right they picked that up they inherited when they took over various terms that's correct now max with this in mind i'm looking at this next headline from the china money report thief in china scolds a woman for having nothing of value to steal so women in china woke up and found an intruder in our apartment in the middle of the night but rather than run away the guy stayed there and the thief launched into a tirade cast izing the woman for having nothing of value to steal he criticised her for more than ten minutes telling her she needs to get educated work harder and accumulate some kind of wealth before she gets old the man went on i am but

a simple thief yet i have more than you so i thought this could possibly be jamie diamond he read that there was all the silver going to try and he was like a cat burglar ring around looking for some silver to me this naked short position well i think something a loss of the translation actually because the woman was actually sleeping on a mattress filled with u.s. dollars and as the thief pointed out there's little value in those i want i want real look i want silver but it's also i think the motto for the one percent you see the occupy wall street people they're out there in chicago los angeles denver and new york los angeles london well of around the world and what happens to them the bankers throw notes out the window saying we are the one percent we're better than you we create more wealth and i think that's a good motto this guy thinks he's one of the one percent i am but a simple thief yet i have more than you and that's the truth here they are thieves and that's why they have more than us and they have they believe the moral

authority as. well let's move on to what happens to the thieves in china chinese fund manager sentenced to die. after killing investors out of one billion us dollars two brothers in their father were sentenced to death for cheating fifteen thousand investors out of over one point one billion dollars in east china's jang province so the family illegally raised one point two billion dollars between two thousand and three and two thousand and eight before they were taken into police custody in two thousand and eight holding the truth from investors that their company had been losing money for years so max compare this to what happens in america i think it's a good deterrent i think that you need a deterrent and if the deterrent is execution then i think the chinese are on a something that's why people are putting their money into chinese banks taking them out of the u.s. banks there's no deterrence for fraud in american banks so there must be lowball j.p. morgan is

a great example so that's why people are moving their money out of the u.s. banks in the chinese banks because the chinese are willing to execute fraudsters that's a good sign and the other thing we hear over and over and over again is that we bottom ninety nine percent must compete with china get with it cut your wages compete with them how do you expect us us wealth creators to create jobs for you if you want pension plans if you want health care if you want wages living wages look at the chinese well why do we have to live like the chinese labor when they don't have to live like the top one percent in china. there's got to be some reciprocity this is what obama did mention in honolulu these you know something in chinese broken system we like they like the execute they're bad bankers we're going to start doing that all straight i mean it really you would find the entire situation change quite dramatically well let's look on into america and see what happens there are bank of america and j.p. morgan really blocking the return of the m.f.

global customer money so this is them jesse's cafe american and he looks at a white paper. her from tifr on capital management and chicago and the paper says by subordinating customers with collateral and segregated funds to creditors of m.f. global's the state the trustee is essentially making the creditors the beneficiary of a criminal act the creditors in this case include j.p. morgan and bank of america is m.f. global commingled segregated funds with corporate assets it was a criminal act paying such a creditors claim with a portion of those commingled funds would make them a beneficiary of that crime and that's right this is a remarkable development in the recent history of bank pilfering of wealth from common people are now just reaching into a segregated account of them solved and confiscating wealth with directly going out using credit default swaps they're not using the arcadia derivatives anymore

they're not disguise ing their actions they're just stealing money directly from the accounts you open your account is like oh less money why because these banks stolen this is a new level of insidiousness so tight fund management goes on to say that the trustee involved in this is the same trustee the same lawyers that managed the bankruptcy of lehman brothers they themselves received one hundred sixty million dollars for handling the bankruptcy of lehman creditors got nothing so this capital management firm says if this bankruptcy is managed the same way as lehman's it will be the end of the united states as a viable jurisdiction for commodity trading congress should use whatever power it has to prevent this from happening so i'm going to cut right now to the next headline because he's pleading with the congress to help him out how members of congress get rich through honest graft so apparently insider trading is

legal for congress and a new study out shows that how much congress. people have benefited including like john boehner reportedly invested in several health care stocks shortly before killing the public option and last year's legislation nancy pelosi has participated in eight i.p.o.'s including some involving companies that had business before her house giving a senator or congress person pretty i.p.o. shares in a company is allowed under current rules even though giving them an equivalent amount in cash would be considered an illegal bribe. that's right they threaten inside information they're totally conflicted and as a related to your previous story they're trying to lobby congress to get this story and global cleaned up because postal face and u.s. banking institutions will evaporate but of course as you're pointing out congress is too busy trading on inside information and policies made i think their net worth

tripled since she was now in washington so the idea of lobbying government to help it is obviously going nowhere but let's look at what the article says this is the problem of course is that not only are these transactions perfectly legal under existing law the people who benefit the most are the ones who write the laws nationally most members of congress don't seem eager to take away the special benefits that can turn humble public servants into multimillionaires so flash back max to what i just said earlier in the show where the thief broke into a woman's house in china and he said i am but a simple thief yet i have more money than you peasants and this is exactly what you're seeing here these are humble public servants they're constantly humble public servants hank paulson was a humble public servant when he left goldman sachs and and gave thirty million dollars in tax breaks by joining government as a humble public servant and these initial public offerings as we've talked about on

the show they price them so they open like the group was recently opened. thirty or forty percent that's graft to people in congress to pay off litigants and to to basically perform all manner of fraud its currency on the street to to grease. the machine to keep this fraud going and we've got more coming this year facebook is another one coming down the pike that will be used again to pay people to pass laws to favor facebook for example in the way that they violate privacy laws well if they want to change the law so that they can violate privacy law they'll give people in congress insider stock pretty i.p.o. they'll get paid off in a silent graft and it's a club talker city isn't well it's no wonder that none of the banks have not one single executive from any of these banks have had any investigation any serious investigation into what they what they've done wrong but i want to go to this final headline one honest judge to line political parties federal judge jed red cough is

in the news again last week a challenge the f.c.c. has planned to settle a fraud cases against citi group for two hundred eighty five million dollars saying that the deal would recruit only a fraction of investors losses that would leave the firm free to proclaim its innocence in private lawsuits over remaining damages so once again citi group it's another sort of goldman deal thing where they created these mortgage backed securities sold into investors and then actually bet against the c.d.o. is themselves but in this court case max the f.c.c. lawyer argued that the judge is entitled to assess whether the proposed settlement is fair adequate and reasonable but not whether it is in the public interest so the washington post says it is unclear whether judges can do much more than criticize and control but it is clear that they they can't any time you do business on wall street you sign a form a new account form that put you into

a binding arbitration you don't go to a jury of your peers this is what i was working on wall street the first thing they taught you they said. just get him to sign the new account form and his car park steal all the money you want we got lawyers but we cough in court he conceded that he must give the f.c.c. significant deference now we just cover the legislative branch of our government the people's government and they aren't going to do anything because they benefit from insider trading here you have the second of the three branches the judiciary and there are unwilling to do anything so that leaves just the executive he can assassinate a us citizens that's the only thing that we have left that we could hope for that he does well that's right there's still hope that's the kind of hope and change i'm looking for all right a servant thanks so much for being on the cross report thank you max so go much more coming your way so stay right there.

hi i'm nice guys or welcome back to the kaiser report time now to go to chicago and speak with miss headlock global economic analysis dot blogspot dot com just search for a miss as well as blogging this is a registered investment advisor first set capice effect asset management miss

welcome to the kaiser report. back on the show max now let's talk about europe nash your you talk about the rise of the borg technocrats tell us about it i wish to turn my excuse me a financial times article but it is appropriate here you know we're talking about we should feel governments our government and they like the federal government agrees so you know we're going to replace these guys i'm not. going to replace these guys. check their friends know she saw her first post of me all known and all powerful and they're going to face down in the bond markets in the face today you know literally just this right old straight. you know you should be going to trim her early by. the sailing well you know what i'm going to get really crazy transformers fall feeling you're going to see you

know what i'm. you know the i'm simply saying no to your friends here right off the bat. all right now on your blog you said something insist. it lately said that they're great depositors and they pull every third of their money out of the greek banks and mediately so talk us through that a little bit right it's a little like. the church my friend the. bank is ok short of church deposit and we're seeing a slow steady trend. if you're tracking any people calling money out of their savings account checking accounts and grace and i send people out of my going first and i was. you know essentially christmas just the time of year in which we see these kind of the fall first directories and closings you know and here again two

thousand was really close to the currency. it was preposterous he. greece goes back to primetime. revaluation forty fifty sixty seventy percent all over we're going to get annoyed at the same thing just for everyone to pull their money so they imagine you're. out for everyone. and it's going to bring a very class year so there's a genuine chance you're sometime this christmas holiday season beginning of the year new year's. priest. dross holding on to the next day. you know you don't have your own practice ok so you're saying his third way there is some precedent for this you're not making an outright rejection but you're saying that given this level of panic

among a month deposit or they were saying a run on the bank that one of the next steps could be some kind of bank holiday and so i guess there is some chance of that in the eurozone and of course the big question people want to know is they would look at the euro worse if the u.s. dollar you've been a pretty constructive about the u.s. dollar for a while now i would imagine that you don't see anything in the arrows to change your opinion on that oh absolutely not just blow us all of these currencies are doomed but the question is for a time frame here the problem of european crimes friday was greater than the problems in the u.s. so if this is a relative thing. really all that fond of the u.s. stock i'm pretty fond of gold as you know. for sixty

years. expect gold to do well i just. see there's your. thank you just you know i think europe was practically with us dollars so thirty percent there this pretty significant effect as maybe the timeframe really all depends on how this happens the smart thing to do would be for germany to get out of the euro zone and let all the core show you least grace like europe we've got a binder full money just because you're always structurally unsound there is no currency every street that's carved out of this he knew. you know all the guys in the bond markets were very early this is going to be the first all right let's turn our attention to colorado for a second here in chicago and we've got

a big scandal and lowball and there's a couple of different moving parts of this scandal you practice not brokaw's link tell us your thoughts on the m.f. global scandal. well you know. i think we have accused of trying to do things i mean look at these stocks these guys . are huge bonuses. for. of course meanwhile if you know that wall street. you're going to focus on all these. issues . you know you legislate stupidity but if you take action against fraud it's. just not right before. you'll do you know which could be fraudulent conveyance mind you anyone who or just. works through the

truck and can bring its. crew. right now in. the hole and go straight to the trunk if you ask me. tom we need to do one who authorized. hoover. through criminal indictments against all of all criminal indictments aims to be the last thing on anyone's a dent at this point in the case of m.f. ball ball and there's a missing six hundred or seven hundred million dollars and apparently the creditors of the company including j.p. morgan and bank of america are claiming that they've got their claims ahead of the actual all segregated accounts that m.f. global is responsible for so this is gone beyond just using fancy a big bow accounting or off balance sheet tricks or derivatives this is all about just taking wealth out of people's accounts directly i worked on wall street for

many years i mean this is about as bad as you can get in terms of committing outright securities fraud i mean a thing i think is bad is this in the last ten or fifteen years i mean this is the worst. just goes beyond what bernie madoff will be on. these guys looking for. you know ok from. goldman sachs a guy me and louis who is. now goldman sachs i mean a lot. goldman sachs it is pretty amazing america all the time. and it's going to continue as long as the u.s. you see here for the rest of all these people you know she was going through what it was really you know the cost so many farmers huge. journalists you know looking

to see the group maternity turn oh well if you're not you want to die. he didn't do it i'm not sure you know and if you see here is my hand went right study group maybe something like your seven hundred billion dollars off and the fine was a couple hundred million members actually literally. corporations to do illegal things the fines don't even call for. what they may enjoy we don't try to see it we've got the culture of greed and arrogance this is no matter what you do we're going to bail them out we're going to do this. and we're we're going to stick a fair result in freddie macas already cost us consume.

post two hundred girly books are there any. daily. throwing. dollars. all right so you might get the point that for every billion dollars money stolen by bank of america citigroup other banks they get fined made me think they are going to billion dollars so obviously it behooves them as simply continue in that mode there's nothing to stop them now i want to make a comparison out sign up because you are right about china off on your blog you talk about how american labor might benefit if the wages in the us are more competitive with china on the same and the same thing i can we would you also look for similar just the standards and america that we see in china reason i bring this up is that china caught a hundred million dollars or so or

a billion dollar ponzi scheme recently and they executed the perpetrator if you think this might be a good idea for the head of citibank and goldman sachs and j.p. morgan to be executed by the state. want to find them take away. just taking away all the not. just. part of all of these. place though you last cry i wish someone who would have a lock. just. now the banks anyone believe. any of these people will. correct. you all the time you already started. they want to.

force the. cammy christian or older ones to turn to. try so you know. me how i. used to live. to a point or. to a disease or christian or. council of economic experts. just. they say. want to stay here and stay here ok i need to. find the next. government wants to hear. these. positions if our that's just what's happening in the

space same thing happening and you're right my we've got a kind of office all the time we have you back on again so thanks so much for being on the kaiser report. all right that's all the time we have i want to thank my guests my bad luck to search minutes and your favorite search engine and my assets and they'll take you right to all of those great stuff you can follow mike or mash on twitter at miss. and don't fall also on twitter i keyser required you can also find us on facebook and want to send me an e-mail please do so at kaiser report at r t t v dot are you and i thought this is nice guys are saying by all. well. it's technology innovation all the developments around russia we've got the future covered.

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