the. first arrests happening during a huge day of action in new york as anti-corporate protesters start our ten thousand strong march marking two months of rallies. russia says syria's leaders and the opposition are the only ones who can end the country's lethal violence that's starting to look like civil war. fresh and high austerity protests spread across italy in greece that are among the economies worst hit by the crisis rounds come as a warning to the new countries to the chin country's new prime minister's plan to pull their nations of the financial turmoil with yet more cuts cries a report coming up stay with us here on r.t. .

max kaiser this is the kaiser report this is. on a lark to they come home to care are for code three all over europe say sarah tell

me 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 crash j.p. morgan by silver you see from the sign that's right the silver stack through the heart of the bankers as the only way to kill them you know iceland just as a side they something got rid of the terrorist bankers but they're back so they didn't kill them yet enough speaking of silver though let's move over to the east and we are often talk about the collapse of the u.s. 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 which turns six times earnings. over you know i don't understand why people go see that we've got here trying to put remember the greenspan put you know whatever the market went down they lowered interest rates and bail out these got owners in greenwich connecticut this is the kind of put you prime goal the summer you're not going to lose because china's right behind you own tons of it but look at how silver is treated there six fold increase in the imports in september alone over in the u.s. 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 it up they inherited it when they took over bear stearns 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 size and the woman for having nothing of value to steal he criticized 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 around looking for some silver to meet us naked short physicians well i think something a loss of the translation actually because the woman was actually sleeping on a mattress filled with us dollars and as the thief pointed out. there's no value in those i want i want really 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 oh 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 was sentenced to death after killing investors out of one billion u.s. dollars two brothers and their father were sentenced to death for cheating fifteen thousand invest out of over one point one billion dollars in east china. 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 the something that's why people are putting their money into chinese banks taking them out of the u.s. banks there's no terms for fraud in american banks or in their most global j.p. morgan is a great example so that's why people are moving their money out of the u.s. banks into chinese banks because the chinese are going 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 laborer when they don't have to live like the top one percent in china. there's got to be some rest of prosperity this is what obama did mention in honolulu he said that you know something in chinese banking system we like they like the execute their bad record we're going to start doing that on wall street i mean it really you would find the entire situation change quite dramatically well let's look on into the america and see what happens there are bank of america and j.p. morgan really blocking the return of m.f. global customer money so this is from jesse's cafe american and he looks at a white paper from thai foreign 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 we are now just reaching into segregated accounts from solved and confiscating wealth directly going out using credit default swaps they're not using the r. kenia of derivatives anymore they're not the skies in their actions they're just stealing money directly from the accounts you open your account is like oh less money why because these banks stole it this is a new level of insidiousness so tight on management goes on to say that's the trustee involved in this is the same trustee the same lawyers that manage the bankruptcy of lehman brothers. they themselves received one hundred sixty million

dollars for handling the bankruptcy of lehman creditors got nothing ok 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 ip poses including some involving companies that had business before her house given 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. they train an aside information they're totally conflicted and as a related to your previous story they're trying to lobby congress to get this story and m.f. global cleaned up because total face and u.s. banking institutions would evaporate but of course as you're pointing out congress is too busy training on inside information and policies made i think your net worth has tripled since he was now in washington so the idea of lobbying government to help it is obviously going nowhere well 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 this 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 present 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 the government as a humble public servant not running and these initial public offerings as we've talked about on the show they price them so they open like the group was recently kept open thirty or forty percent that's around to people in congress to pay off litigants and 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 start pretty i.p.o. they'll get paid off in asylum graft and it's a quote talker citizen but 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 rake off is in the news again last week you calendar the f.c.c. has plans to settle a fraud cases against citigroup 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 secure . he sold them to investors and then actually bet against the c.d.o.

as themselves but in this court case max the s.e.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 it while it is clear that they they can't anytime 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 have a sign a new account form and a scorecard steal all the money you want we got lawyers but break off in court he conceded that he must give the f.c.c. significant deference now we've just come to the legislative branch of our government the people's government and they aren't going to do anything because they benefit from the 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 u.s. 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 whole country and i'm looking for the right station over thanks so much for being on the house report thank you months ago a much more coming our way so stay right there. you . well live. science technology innovation all the latest developments from

around russia we've got the future covered. max keiser welcome back to the kaiser report time now to go to chicago as big with this sad loss of global economic analysis bob blogspot dot com just search for miss as well as blogging this is a registered investment advisor for a sec capice asset management this welcome to the kaiser report. now let's talk about europe mess here you talk about the rise of the borg technocrats tell us about it irish term i am sure the times article was procured here you are talking about we should feel governments are better. leave the battlefield early greece so that you know we're going to place

these guys not. we're going to replace these guys. cracks if you start. to be. an all powerful and we're going to get things done. by markets in the race today you know literally that's what i'm. trying to do you should be trying for early. to say i know you know what you're really transformers you all feel like you're going to know what strangers you know this is the by simply saying no regrets you're. all right now on your blog you said something interesting lately said that they're great depositors' and they should pull every cent of their money out of the greek banks and mediately so talk us through that a little bit mess oh look. my friends.

sean in church. and we're seeing a slow steady trend and you can be sure people blowing money out of their savings account and checking accounts and grace and i send people out of my dinner post i'm like why. you know the second christmas just the time of year in which we see these kind of defaults prefer you can buy clothes you know aren't here again two thousand and one really you know clothing revalue their currency you know cryptographers he. greece goes back to crime. you want to forty fifty sixty seventy percent of all or we're going to get into like this safe and sane thing to this wonderful their money in your.

very one. it's very far in the very last year so there's your anyone chance you're sometime this christmas holiday season or beginning of the year new year's both. priests current. draw was already. you know you don't want to contract ok so you're saying his current way there is some precedent for this you know making out right credentials but you're saying that given this level of panic among the amongst the posit are 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 birth of 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. pushing your spare time frame you're. probably in european banks right was greater than the drums in the u.s. so if this is a relative. really all that fond of the u.s. stock i'm pretty fond of gold there. for actually states. expect gold to do well i just. suitors. if you see the bill i think the bureau goes back to carry with us to our thirty percent are. very significant effect this may take the time frame that really don't depend on how this happens max the smart thing to do would be for germany to get out of the

euro zone and let all the horses go you least craze like how to europe we've got a binder of this how many just because the euro itself is structurally unsound first of all currency you have ruined your street it's just here you. you know all the yachts and the bottom is this we're berkeley this is not going to be the first all right let's turn our attention to chicago for a second here in chicago and we've got a big scandal m.f. global and there's a couple of different moving parts of this and all you practice stuff brokaw's think tell us your thoughts on the m.f. global scandal oh i am one of the out here no. i think we have accused from in your writings i mean look at the stocks these guys gave themselves huge bonuses. for.

you know meanwhile you know wall street. everyone's focusing on you know all these little issues. you know you look just like stupidity but if you. against it's. own just not right for. you is guilty over the fraudulent conveyance mind you anyone who organized this. works. right now and you. will go straight to the congress you asked me. who authorized. hoover. zero criminal indictments against all of all criminal indictments aims to be the last thing on anyone's agenda at

this point in the case of m.f. global and there's a missing six hundred 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 segregated accounts that m.f. global is responsible for so this is gone beyond just using fancy a take a bow accounting or off balance sheet tricks or the relatives this is all about just taking well out of people like counts directly i work 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 saying i think is bad is this in the last ten or fifteen years i mean this is or. somebody who just goes beyond bernie madoff. you know all. these guys i wonder where. you know ok for our. goal is actually got

me look who is who is. now both sides i mean a lot. of gold inside so it is pretty amazing for right america all time this is going to continue as long as the f.c.c. here is a slap on the rest of all these people was caught i can't remember what it was immediately costs only czarist here. the jurors. looking to citi group attorney. oh well even i once you know i felt. he didn't do it i'm not who you are you know and if you see here's the. judgment iraq study group maybe something like you know seven hundred billion dollars off this and the fine was a couple hundred million members actually so literally these corporations to do

illegal things the fines don't even come over. what they made in doing the fraud actually it would be cool sure. crazy to hear this this no matter what you were feeling now we're going to hear this on the wrist i don't. care for souls i mean freddie macin already cost us consumer. close to two hundred goalie it's pretty. cool we're throwing. dollars. but. all right so you're making the point that for every billion dollars of money stolen by bank of america citi group other banks they get fined maybe a hundred if they are two hundred million dollars so obviously it behooves them

this simply continue in that mode there's nothing to stop them now i want to make a comparison outside out because you're right about china off on your blog you talk about how american labor might benefit if the wages in the u.s. are more competitive with china on the same and the same vein 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 hundred million dollars so our 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. we just want to find them take a look. just take away all the not. just.

the start of all of these how do you replace those with you last guy always someone who would be a walk and. now the banks or any one of the you know. if there. are any of these illegal. you all the time. chris. if you. want to play. hard. for the past. it's honestly shame that it can't be a christian roller once attorney and through a trial so you know you are asking me how is the

deliverance rate going. to wake do these. prison for nature of obama's council of economic growth just not inspire. things the government wants to hear. you need to print money and that's the solution government wants to hear. these. decisions and that's just what's happening in the space same thing happening to your right mike we've got to cut it off that's all the time we have we'll have you back on again so thanks so much for being on the kaiser report oh. all right that's all the time we have i want to thank my guests my jag. and your favorite search engine and my ass thank you and they'll take you right to all of his great stuff you can follow my car mash on twitter at. you can call us on twitter i cause the

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