thank you. welcome to deal on a show where you'll get the real headlines with none of the mersey we're coming live out of washington d.c. i'm christine for southall in for a loner and i will dive into the latest developments from the occupy movements across the country while hundreds of protesters from occupy l.a. remain in police custody under five thousand dollars bail the n.y.p.d. is back at it again blocking press and crawling protesters at an obama fundraiser and then our markets more important than democracy we'll look at how economic

turmoil has weakened democratic institutions from europe to the united states and do even zelikow holes put religion above country we'll have all that and more for you tonight including a dose of happy hour but first let's take a look at what the mainstream media has decided to miss. all right so it's the first of december which means we are just one month and two days away from the iowa caucuses one month and nine days away from the new hampshire primary iowa and new hampshire the first two real litmus test not counting the endless polls of course to see how each g.o.p. candidate really resonates with voters voters who show up and believe they're having a hand in the democratic process picking their choice for who they like to see as the next president of the united states right. wrong many of these candidates seem to have no intention of actually running for president yet they continue to happily

collect money from supporters and attention from the press willingly gives them a fact and s n b c's chuck todd seems very controversial with. mark talk to go face to face that's what i see we have that many lengthy conversations this is the reason why i'm not going to meet you season until after we take the stage faced for one thing i would just add here if you look at this unless it is family truly asking him to get out of the race what is in the senate to get out doesn't he have a better shot at repairing his image in the public if he wants to it least have a speaking career things like that if he stays in the race after all we're talking thirty three days. of speaking career so that's it we're just going to brush past the fact that herman cain still one of the front runners for the g.o.p. nomination for president is more is most likely not even taking his own campaign seriously but going for

a speaking gave one at least mentioning that cain has put stops on his book tour ahead of stops in primary states are about the fact that he spent almost no time or money in iowa and as far as new hampshire while the former head of the new hampshire g.o.p. told time magazine a lot of republicans have no idea whom to even call if they want to schedule cain for an event there but it's not just our favorite former pizza c.e.o. rozelle bachmann who remember won the iowa straw poll may also be on a boost my popularity tour also pretending she actually wants to be president here's what she said about her prospects for winning another state the one that has its primary at the end of january bachmann said that she quote intends to win florida and win it twice once in the primary and once in the general election. all right then so why when filing an application for liability insurance did bachmann stuffer say she had no plans for any staff part time or full time on the ground in

florida but it's not just florida it's also california d.c. michigan and texas you see there the words none planned are written in the question about having employees of any in any of those states and even current front runner newt gingrich has kept a schedule that rotates between book tour and campaign tour and they should wonder if this wasn't just an excuse for name recognition for a publicist he for some sort of a future venture i know i know we're in the age of reality t.v. but come on let anyone else see a similarity here too i don't know reality t.v. t.v. star stepping into the public eye for one reason only to get rich and famous it shouldn't matter the g.o.p. candidates are taking cues from the real housewives seriously check out this flyer for a nightclub in florida pimping out many leaks from the real housewives of atlanta because everyone knows club appearances garner thousands of dollars money she'd

have no chance of making her gig on real housewives or what about teresa for real housewives of new jersey her cookbooks talian made the new york times a best selling list you think anyone would have cared about her skinny italian but before. don't take my word for it check out real housewives star bethany as in bethany ever after on jay leno. congratulation on the world for magazines the hundred richest stars. we should all just the last couple years oh yeah you know about four or five years ago i could. all right well at least not the real housewives there's no false pretense of trying to save the economy or make the country a better place this notion of people using the presidency as an opportunity to boost publice that he is something i miss and d.c. is chuck todd and the rest of the mainstream media seem well aware of but choose to

miss. well it turns out too big to fail doesn't just apply to banks it applies to entire regions of the world as well think of euro zone seventeen countries that banded together under the umbrella of a single currency the euro well in the next week or so we'll find out for sure if it is indeed too big and too powerful to fail but if it doesn't fail there are some major changes on the horizon changes we've already seen in say greeks i'm talking about major austerity measures cuts to everything from jobs to social programs to well it turns out freedoms remember when former greek prime minister george pop in israel wanted to put the proposed austerity package to the people have them vote in a referendum it was after all the democratic thing to do right well he was forced to take back that idea no vote was taken and soon after pop and step down now there

is talk that this trend of putting more power in the hands of the already powerful is a sign of things to come for countries like spain and italy as well and it's leading some to ask is rescuing the european union will simply turn it in to the european empire well joining me now is economic analyst gonzalo lira and they're going to be good to talk to you i mean let's talk about this i mean. the european union turning to the european empire democracy being sacrificed what are your thoughts about this . well it's there really a tragedy that's going on because the initial idea is sound you know initially is unified europe so great such intense commercial between the various countries especially france and germany that they never again go to war with russia yet recall always are that between one thousand eight hundred seventy and ninety five germany and france once war three top school prank russian war well run in world

war two and the seventy years since the second world war they haven't gone right once because of use for martial ties that aren't now the euro zone as an idea outstanding unified thought means for commerce but in practice it's been carried out very early because essentially it's run currency but seventeen different nations issuing their own debt it's essentially basically one household and seventeen members and they all have this great credit rating because a lot addy of family support which is germany and all these gives one a month with their cards and now we're having to pay for just part of forgive me for mixing my metaphors but that's basically what's been going on now the essential problem that we currently have is that the european leadership cannot seem to make up its mind how to fix this problem the germans of course are pushing for austerity because they are the creditor nation this germany we called germany holland and austrian finland are the major creditor nations in the european and. european much

are unit the other nations money now these countries of course want austerity they want to see every penny of the money but the and the problem is that these countries are broke and but more the. the bigger or even get urgent becomes because it burst if you shrink your economy what you get means saying that debt basically is even a bigger and bigger chunk of your g.d.p. and that is what we're seeing in the european monetary union and to end in tears and in recognition eventually it sounds like those in charge are are certainly benefiting from. i really like how the horn put it she writes for the atlantic and she said it's a case of two dualities democracy versus bureaucracy or democracy versus capitalism such an interesting way of thinking about it and i do want to say looking at greece because so so long for months in fact we saw thousands of people in greece on the streets protesting against what nothing really changed their intel the markets had

a little slip and i you know i'm wondering do the markets really play as powerful of a role as it seems i mean are they the driver in the seat here. sure they are very simple research say when a nation goes out to sell debt but it goes out into the markets to sell its it's bought sovereign problems he needs the markets and buy those problems in order to finance ok so i'm a country i'm greece and i go out into the market solve problems because i need x. number of year olds to pay for my services. you know bureaucracy my civil servants what have you and i don't sell in stocks that means i don't raise the chasse to pay for all these expenses if i don't have a cash balance expenses i have that's basically hate we have to shut down the government and not pay you back as because i was not able to raise money in the bond markets so the bond markets are exceedingly important a lot of people you know sort of like look down upon vigilantes and. i am one of

the people who care very much about the bond markets a lot of economists for instance paul krugman wrote how do you say oh it's it's it's not really real you know there are ways for government to raise money there are ways for government to raise money and short term but in the long term if you are running a deficit you need to go to the bond markets to shoot it out you need to have those bond markets are that currently because of the astronomical meals that nice is having to pay you know i really want to finance themselves rather essentially in sokolow have been essentially installed since april of two thousand so that the real problem isn't responses at this point drop in the bucket if remember reese is just two percent of the years and. the real important player at this point is people because italy's debt is now yielding over seven percent the initial uninitiated that means that their talks of war are over seven percent which is extremely expensive in fact it is and then stay in the level of have to pay that amount of interest are going to happen so italy is going to go bankrupt and of course italy is simply too big to bail out its roughly two thirds of the size of

germany in terms of g.d.p. . it cannot be bailed out it has to be fixed solved in a long term sense and that is where the you. well for you it is the european central bank the european commission and. let's say you can follow with what you're talking about in regards to europe and put it on the table next to what's happening in the united states and especially what happened here back in two thousand and eight with the financial crisis i want to talk to you about the power and the necessity of the federal reserve i know we just found out this week such an interesting report that the fed actually gave out seven point seven trillion dollars in loans congress was not only not asked for that money they weren't even given you know a little courtesy note about it so talk to me about all this in terms of the fed and its great power you know over democratic nations. well you had the people who had set out to be outraged outraged with the see these revolutions that. we used is

revealing to sweep up essentially in a thread a reserve lent out seven point seven trillion dollars to be too big to fail banks now give context seven point seven trillion is roughly half of the united states yearly cheap cheap i mean that's what the federal reserve just basically we are going to be up and handed over to the base i want to the banks to they took this money which was lent them at zero point zero one percent that means one percent of one percent that was the house apart they lent out the smudgy to the banks which it would turn turn around and lent out this money and made a huge profit off of this free money but the fed was giving them it also saved their bacon and it was able to add approximately twenty five percent of their net profits for two thousand and nine and two thousand and ten off of this free money and a that was giving them so it's not just that they but the fed gave them money to say pay it and keep them from insolvency it gave them this huge. cash with this with

huge loan that essentially made their year in terms of profitability now that we should all be outrageous as taxpayers and yet so it's and yet nobody is paying much attention to there is like saying oh oh no it's it's you are not what the fed did was wrong chop it listen up the worst sort it is the most despicable kind of permeate capitalism something that has literally never been seen in i'm in world history because no reason her or heard of amounts of money as large as this being bandied about specifically to say these banks and allowed their managers and c.e.o.'s to receive rageous despicable levels of profit i mean it's it's just it's so i think if the serving at outrageous to so many people to see how many ingredients actually go into this you know next thing will have all of these economic factors in dollar economic analysts thanks for shedding light on this for us tonight. my pleasure thank you fred. also becomes

a night regulates is back and now it's letting the world know about a massive surveillance industry governments. and occupiers in new york take on president obama might surprise surprise they were greeted by the end life he will tell you about conflict and it the break. into it only. if you don't work to bring justice or. i have the right to know what my government should do if you want to know why i pay taxes. but i would characterize obama as a charismatic version of american exceptionalism. you know sometimes you see a story and it seems so you think you understand it and then you. see some other

part of it and realize that everything is all. part of the big picture. mr.

the police corruption is. what a protester nobody seems to know. that never pepper sprayed the face but hardly argument that they're being overly dramatic. well wakey lakes is up and running again albion not in its top form and founder julian assange has dumped a cache of information this time regarding surveillance during a press conference earlier today in the u.k. a song's detail the spy files shedding light on a five billion dollar industry that is in high demand among governments around the world thus far several hundred documents from intelligence contractors have been released we're working leaks and their partner in this project privacy

international the data some of which has already public revealed approximately one hundred fifty western based companies who have been designing a wide variety of surveillance technology that's like knology allows anyone in possession of the software the ability to track and sometimes even take over satellites computers you can smartphones and they're selling the technology to intelligence agencies militaries and law enforcement groups around the world giving them the ability to silently and covertly intercept information without any assistance from telecom companies here's a few examples of the kind of surveillance technology that we're talking about glimmerglass networks incorporated based in silicon valley has a quote intelligence optical system this allows a law enforcement agency to use optical technology to develop a huge database of an individual's activity on a network including web logs web mail even social networking sites like facebook and as the signs pointed out a while ago to r t facebook could be a very valuable tool for government agencies facebook in particular. the

most appalling spying machine you can see thinking he would have the world's most comprehensive database about people everybody from ships that mainstream christians pillowcase sions communications with. the religion of all sitting in the united states. all accessible. facebook another company the hacking team of milan and gamma international based in britain offers customers actual spyware and malware lets them infect computers and smartphones remotely and the company for nexium based in the czech republic creates materials that allow the military to identify individuals and track them based on what they call voiceprints a unique way of identifying a person based on their voice characteristics there are even firms that sell software just to translate and store all this data so they can be held and use by

military and intelligence agencies pretty intense stuff because wiki leaks detailed in their press conference today these surveillance companies have been secretly selling their products to governments deemed persona non grata by the u.s. through the uprisings in countries like egypt syria tunisia and libya intelligence groups on the military worldwide on this technology to track anyone who expressed anti-government sentiments and in some cases those tools are responsible for their deaths at the hands of the government now while this technology is technically illegal a market for surveillance tools in the u.s. and around the world has surged since nine eleven and as a songe points out the industry is unregulated so these companies overstep any ethical boundaries on a regular basis hopefully wiki leaks latest leak of information regarding this type of surveillance equipment will force government agencies to take a stance on the issue or at least pass up to what they've been doing behind closed doors. well last night for the first time demonstrators with the occupy wall street

movement targeted event for the president it was a big fundraiser for president obama in new york city supporters paid between a thousand and thirty five thousand dollars per person to attend were a few hundred of them and they say the protesters say they were speaking out against a system that makes those high donations often given by wall street executives necessary in what is becoming an all too familiar scene much of the media was kept as far away as possible with police there and mass to control the crowds. what was. going up there right. behind. your target.

meanwhile in los angeles earlier this week the occupy encampment encampment outside city hall was raided and destroyed by police there who arrested nearly three hundred people many of them have been released on bail but as we speak protesters remain behind bars with a five thousand dollars bail set for them it is the latest encampment to be dismantled but occupiers insist they are not going anywhere their movement will not be torn apart and finally it seems more and more people are starting to believe them it's penetrating even that big republican wall of contempt as one top g.o.p. strategist saying he's frightened to death of the movement there's a lot to talk about here and i want to bring in ryan devereaux reporter for democracy now he is in our studio in new york and ryan i want to just talk to you about the protest last night in new york outside of the fundraiser for president obama i know you were there and just talk to me a little bit about what it was like. well first say that i wasn't there for the entire duration of the protests but i did arrive early on and i was there for what

the n.y.p.d. roofer to as a freeze when i first arrived there were probably about one hundred two hundred fifty protesters gathered near the hotel where president obama was expected to arrive they were kept in a pen be an area has become common in these demonstrations and the n.y.p.d. told some of the protesters that they were going to begin this quote unquote freeze at a certain time i was there when the freeze began and what it consisted of was blocking the protesters in they gave people that they gave me the option to you know stand inside the pen or stand outside the pen but i did not to stand inside the pen because it was very cold in it having been in some of these demonstrations before i got the sense that the people that were in there were probably going to be in there for a very long time and it turned out to be the case as the police kept the protesters inside the pen for hours in the cold i think it's important to remember the we are talking about the president of the united states in new york city

a city that has been targeted by terrorists in the past so it's not surprising to me that the n.y.p.d. was on high alert last night but what's important to note is that this is the same sort of behavior they gauge in when the president's not in the city at all so it's and of course ryan was quite a scene it wasn't of course just the protesters that we're talking about i know it was the media and i know last time you came on the show you told alona about a letter sent to mayor michael bloomberg from a dozen or so different media outlets just condemning what happened at zuccotti park when they really kept the press as far away from possible from that raid that happened there. found to me at least like the mayor took any of this to heart. well i mean i think that i think the maybe some officers have made an effort but we have seen a lot of the same behavior that has been going on for the past couple months here in new york city with regards the way bts treatment of the press colleagues that i

know of here in new york city that were trying to cover the protests last night were you know treated as if they were spies or something traded the police were trying to keep them away from the area when they identified themselves as journalists they were shoot a way i attended protests here earlier in the week a cuny university where i saw a reporter for a new york fairly mainstream publication here in the city struck by a police officer when he simply tried to the reporter tried to step out of the area where the protesters were and onto the sidewalk he was hit in the side with baton so you know it might be the case that some officers are making an effort but we are seeing some of the same problematic behavior that was laid out in that letter that you mentioned let's talk about this sort of new chapter that's going on about occupy protesters targeting events in this case of the president i know occupy d.c. has plans to protest outside of nancy pelosi or that coming up in the next few days i know that occupy protesters say you know their strategy is to protest against the

status quo against the system they say has failed the majority the ninety nine percent of people i want to be no due process or have any qualms about targeting politicians and lawmakers who have supported them in the past. well i think that you have to remember that the protesters see both parties as a party to a system that's fundamentally flawed that includes the democrats and while many democrats of made favorable comments about the protest you have to remember that having been the party with the majority party in power for the last two years unemployment levels have reached the great depression has reached levels unseen since the great depression president barack obama has overseen the. continuation of the longest war in u.s. history and so you know it's going to take a lot more than the democratic party just paying lip service occupy wall street protesters for them to earn the movement's respect and trust and i don't even know

if if that's possible i mean the protesters that i've spoken to are deeply deeply dissatisfied with the way the two party system here in the united states works so it remains to be seen if the democratic party can ever repair the damage that is perceived to have been done i know that ryan you've heard the comparison made before between the occupy wall street movement and the tea party movement there are you know of course some similarities i think it's justified to say. the tea party what they did it for their sort of next step after gathering the momentum is they took their wishes and they got candidates elected i have you heard of any electoral strategy anything that the occupy movement has planned for the twenty five election . no i haven't heard anything like that though those discussions may be out there what i have heard is discussion of occupy wall street as a movement reaching out to low income communities have a massive day of action plan here coming up on the six occupy our homes campaign

that will reach out to folks who have been victims from their homes so i think that this is a different strategy reaching out to disenfranchise communities than the tea party took in electing candidates to represent represent themselves in the system. the dismantling of the los angeles and can't of course just one of the most recent dismantling that we have course what happened was in. part all around the country police have really gotten more strict about protesters camping and sleeping overnight a lot of people thinking that this is going to change the movement and i guess i just for my last question for you ron i just want to ask how do you see this developing and evolving in terms of a movement. well you know from the beginning i've learned to not make too many predictions about this because it always consistently surprises me but i do think like the action i just mentioned the plan to reach out to communities and defense is probably something that we're going to see more of as i understand it some of

these tactics were used in greece and spain i know overseas they took action in terms of turning water back on for people who had their utilities turned off so we might see that sort of activity from occupy wall street occupy wall street folks here in new york city have engaged in a protest against stop and frisk demonstrations so i think that these sort of. targeted activities that they align occupy wall street with other protest movements that seek to help communities that have otherwise been unable to get their voices heard would probably be a lot more of what we're seeing in the future here i don't know if we'll see the kind of occupations the kind of you know camped out occupations that we saw at the beginning it's in a it's in the safe words of all vain and i think a lot of people are just waiting to see where it's going to go all right i'm sure you'll keep us posted reporter for democracy now ryan devereaux in our new york studios. coming on next.