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tv   [untitled]    January 24, 2012 2:18pm-2:48pm EST

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direct consequence is they're. treated unfairly so. yeah because he was just pro extradition for well after it all about but i'm just going to go with the other side anyway so. all that work that we put in. an old you with a when you are not sure if you were there last time time before when he said made a good strong argument that all went out of the window completely. you know giving him no no we can't go. to the. the u.k. u.s. extradition treaty was signed in two thousand and three supposedly to bring international terrorists to justice but many feel it's unfair to british citizens it makes it far easier for america to extradite someone from the u.k. than the other way around so far extraditions of five to two in america's favor veteran british m.p. simming campbell's leading a review of the treaty by his party the smaller partner in the governing coalition
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what i argue for is that the position of a british citizen should be no worse than that of an american to and at the moment you think it's impounds flanker i'm in no doubt that. those richer driers are innocent they caught up in something which was never intended to deal with people like gary mckinnon case is another that's left british m.p.'s crying out for change the asperger's sufferer has been fighting extradition for seven years he's wanted for hacking into pentagon files that he claims he was searching for evidence of u.f.o.'s a recent parliamentary debate on the treaty was so one sided in favor of changing it that a vote wasn't even needed but what's happening in there is still not enough to stop richard is pending extradition his case is certainly highlighted the need for something to be done but any changes could be too late for him his case is now in the hands of home secretary theresa may who has been accused of abandoning plans to
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change the treaty richard and his family will get the chance to appeal the decision at a higher court but their options are rapidly running out either bennett artsy london . now back to our top story the troubles broken out again in libya there loyalists to late moammar gadhafi have retaken one of the former strongholds bernie were leaders clashes spread across the country let's talk to. cassy he's witnessed natives campaign for of self in libya is joining us on the line from manchester thanks for being on artie's good to see you last week middle east human rights groups showed evidence of war crimes by allied forces they say last year saying nato bombs schools and private homes what have you seen in your hometown of sirte we've heard so much about it on the news is that report accurate as far as your concern of what you saw. yes it is it is very very accurate in a way that i myself saw the killing of so many people in front of my eyes i saw the killing of fifty one people in front of my eyes then beast was fifteen years old
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there was two brothers they were killed in discriminately and their houses were. leveled by nato bombs this is not mission. than it was supposed to protect civilians actually what happened they killed indiscriminately in ten feet in libya and they are war criminals they should be brought to justice if there is any justice left in this world china and russia to be the mother of countries to interfere in libya and stop the killing of people they are trying to say that anybody who oppose these. thugs. loyalists to get that you can that he died three years three three months or two months ago and they still use this propaganda to tell anyone opposes them that they are lawyers to get daffy gadhafi died and these people are libyans they didn't come from another
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planet we shouldn't kill them because they oppose the t.c. the anti you see is in itself is corrupt full of lies they told the people that used mercenaries recent reports show that there was no. and on the other hand the reason the senators were brought by the and. as we saw in the report in. the italian newspaper showing that the italian special forces were on. libyan soil in the so-called liberation of tripoli. actually it wasn't the liberation but it was the only question you. give me your thoughts briefly if you can get a couple of things want to ask you your thoughts about the n.t. so you have no faith in them now. there is no fate actually when you started revolution if you telling me that this sort of illusion was supposed to be for the sake of the poor people for the sake of fighting corruption there's more corruption
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now in libya that have never been before there is more killing in libya that get the killing of people now in these two months that the anti c.v. in power is far away from what gadhafi has done in forty two years. this all. the image of libya is very gloomy and we feel as libyans that the international society it's too weak or it's the other party of the international society is controlled by you and its allies and they are now there is reports in libya saying that there are planes over but you only. these planes we don't know whether they are nato whether they are from the un to see when the when the problem started to libya they told us that good that he was using. planes to kill his own people now we see planes in very well it
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from an eyewitness i spoke to that they are using. planes where these planes come from we don't know we don't have any any in any inference a well known libyans or i know this is very emotional an emotive subject for you talking about your homeland there what you saying go on so graphically. just tell me as you see it what do you think the support is for the old regime gadhafi regime did it disappear was it there all along was it just coming back out of the shadows tell me what the feeling is in libya for gadhafi. the feeling forget that if you could bring duffy back to life you will do because we live better under gadhafi regime we didn't have these thugs in libya we didn't have the killing now taking place in libya we didn't have the interviews we were independent country we didn't we didn't have our own choice if there is freedom of choice now they are talking
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about freedom it's their choice to stand where that would get out if you are against gadhafi those people if they are would get that it's their choice you cannot kill them because they are with gadhafi they are of your men and they are libyans firstly you told me they are many senators no they are not my senators the libyans from barry what it is a big tribe in libya it's a fellow tried and if you want to tell me that this. city is would get that it's their choice nobody can tell you what word to stand if you are russian you stay with your russians if you are if you don't want anybody then it's your choice now if these people are sorry when you thought we've got the business bulletin coming out so i have to stop you trying to say but really appreciate being on the program witness of the nato campaign there in libya joining us from manchester thanks ever so much thank you very much shortly we've got the courage to report take a look at the davos economic forum coming up for you that so the next thirty minutes
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panel but not before we caught up with the business as a separate dmitri now. thanks kevin the ruble here to twenty is twelve high against the dollar on tuesday a number of factors of pushing it higher clearing the strong crude prices and destroying the quality in the banking sector economists alexander if you're from the capital believes the effect is temporary and the currency will weaken later this year. so i think that it's a temporary phenomenon that's a first quarter effect and the ruble is helped by a stronger current account because of seasonally high experts and this is now a low imports and. liquidity so we expect the rubble to be strong in the first quarter and then to a great deal that we can tell what's their second half of the year. but a born in russia fell at the end of last year jobless rate dropped twenty basis points from november to six point one percent in december according to
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a survey by bloomberg analysts that expected the rate to be significantly higher and six point six percent. more investment in fixed capital like machinery and building jumped six percent in russia last year speaking to the modernization commission president medvedev attributed the rise to the growing economy and state support for investors however he said the level of investment was still not enough for a country with a potential rough. ride very quick look at the markets in the u.s. they are flat and mixed as investors worry that a greece debt deal may fall through the much the same reasons for the year flat picture in europe or the foot sea and the dax down half a percentage point three percent respectively with banks among the biggest losers of the day and in russia also the r t s m i six the client around half a percent at the close and that's because of a banking and energy stocks among the main losers always pushing in the seas down the last one point eight percent this is because a company announced it's planning to invest one billion dollars in oil rich tribes
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tito fields in siberia ak from the chemical company was bucking the trend up one point nine percent that's now listen to alexander but you've got more money from from investment banks could you. please stop. yes please close. these. huge volumes are pretty low and today people have no conviction for the direction of the market. apologies the troika dialog of course going to be full from work a dialogue that ok business r.t. will be back tomorrow morning at eight twenty am moscow time do join us if you get .
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top stories from oxy international fresh rounds of violent attacks in libya as gadhafi loyalists retake one of the former strongholds of bani walid supporters of the old and new regimes. clashed in several cities across the country. gulf states withdraw observers from syria as the troubled country rejects an hour a brokered peace plan calling for president assad to go meantime the e.u. slaps more sanctions on damascus. and india reportedly finds a way out of by iran's oil despite the e.u.
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when barker was it set to pay for black gold with the yellow card. as world's economy skit together for their annual forum in davos switzerland the summits founder warns that capitalism is out of balance well now it's the stacy pick that up and run with it in the kaiser report on air here just a few moments away. max kaiser this is the kaiser report oh that rose to the starting i think tomorrow this is the major global swap meet for dealers of weapons of mass financial destruction
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and they compare notes on how to destroy each other's economies for fun and profit states herbert max if you do a google search for davros two thousand and twelve you will find out why the banks tours are behind so why they want sopa because as you see the first two results are world economic forum that's actually the group that puts on number three result is from max keiser dot com that's before c.n.n. them before the telegraph before the guardian before all the international news media where first and what does it link to but original artwork from william bonzai seven you can see this right here davus two thousand and twelve too many bankers species one planet no future world poncing nomic summit many species i've got the gorillas the central bankers they've got the primary dealers i think there's twenty eight of them these are the ferrets that are kind of. you know met manipulating markets to try to ease that push of quantitative easing into the global economy
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well max let's turn to some banker species in the headline the first one the correlation of laughter f o m c meetings this is the central banker species the f o m c is the federal open market committee at which the poll of barrow sets global interest rates well apparently somebody had the clever idea of actually looking through the transcripts of the meetings and they found that the number of recorded laughs actually increased in frequency from two thousand to two thousand and six the peak of the global financial bubble in two thousand and one f o m c erupted into laughter sixteen point five times per meeting on average in two thousand and three it was over nineteen in two thousand and five twenty seven and then in two thousand and six the f o m c burst into laughter nearly forty four times per meeting yes because they should be printing money or doing something responsible but instead they're smoking this money. who are
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federal reserve chairman who you know the problem is that this stuff can make you see hallucinations which i'm not this is the guy the sound of the stone and saying . well. this is some quality money printing i can't believe this quantitative easing work and i get a nickel bag of this and you think you got fired your money. well yes so they were laughing all the way to the top here's another species of banker max it looks like these people are followers of maybe timothy leary goldman sachs enters a billion pound parallel pay universe a billion pound parallel universe drop out and pay or suffer huge bonus until they've let me said that in between as a hit well of course many people. get a bad batch of l.s.d. often are found standing on the edge of buildings saying i'm god i can fly but that some guy carries over the new york fed i'm flying look at things in titanic he's
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a titanic entire economy sinking anything is getting hugged by leonardo dicaprio while payout by investment bank equating to two hundred thirty eight thousand per employee provokes anger among unions in the u.k. but you always do the same accept they have they would have to go off planet to pay off all the derivatives they've spun now well look i mean the unions are upset but the unions have no place at the table the unions have been. taken out of the equation many years ago this is a battle between savers versus speculators that's the battle unions and jobs are gone it's only about people who have capital want to save and get an interest rate on savings versus borrowers want to low interest rate on those things to borrow and speculate to build up actually max ok this brings me to the next species the banker and that's the global organizations like the i.m.f. and world bank because the i.m.f. christine lagarde said that we need to bring unions back to the table because i am a foreigner of threat to global economies posed by austerity drives reflecting that
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i'm less concerned about over aggressive deficit reduction programs the joint statement said governments should manage fiscal consolidation to promote rather than reduce prospects for growth and employment it should be applied and socially responsible manner well let me explain something i'll give you a lesson in economics in twenty seconds it's centrally planned its central bank plan its low interest rates to favor speculators to the point where unsustainability has now gripped the global economy by the throat forcing one of two outcomes and there are only one of two outcomes a bank central banks begin to raise interest rates which would in fact spur interbank lending. which would be inflationary which is what they want to curb this deflationary nightmare or big they raise minimum wage they double or triple minimum
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wage that would also cause inflation that would also cure the problem those are the only two outcomes raise rates and interbank lending or raise minimum wage to suggest anything else. is is only favoring the speculators and the borrowers to the detriment of everybody else who's not one of those people who are borrowing with impunity with zero risk remember they're not taking risks like mitt romney over you know graduate of being capital when they were out there in the private equity space slashing and burning companies left and right remember he took his zero risk his cost of capital was zero and the cost of making a mistake was zero he's just a guy who steals money who doesn't drink coffee so christine lagarde is saying that governments in europe should stop cutting things and actually start investing and
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in particular investments to target civilians in education and equip people for the future but of course the last thirty years of these banking species running the world has been the exact opposite it's been the bain capital model of extracting as much equity as possible from your community including the capital of human knowledge right well kristie look are enough to give her enough ammunition to duke it out there at the i.m.f. level of sums some kind of gravity to us if they're not going to raise the wages for workers or give them some education then you've got to start raising rates at the central bank level those are your two choices so present it in this way and give them the you know either or solution because if she just goes down one path and leaves the other one completely and guarded she will not make any traction in her argument whatsoever of course the other way to look at it is that the i.m.f. the day before had only requested an additional six hundred billion dollars from
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the taxpayers of the world so maybe she's trying to pretend to them make a false promise that hey we're going to invest back in new and hopefully you'll have a better future oh yeah she's she's just the stupid old the old. bag she knows what to say to get people to write the checks is a good saleswoman but she's a she's she's an assassin because these policies are killing people with their collateral damage of risk balls exploding in people's faces and destroying their lives that's terrorism well the another banking species max is the famine victim hedge funds may sue greece if it tries to force a loss so hedge funds are considering suing greece and the european court of human rights after greece said that they're basically demanding a fifty to sixty seventy percent haircut for these bondholders well i'm ok so the hedge funds are going to sue greece right now and then the european human rights
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court right because they know that they're the ones that are heading to the hague in these human rights courts so the best defense is a good oftens because they're trying to deflect their prosecutions in these human rights courts they're trying to deflect this nuremberg trial for hedge funds and private equity groups like like romney's bain capital because they know that they'll be at the head at the end of a noose so they take the off and they say oh it's the greek people need to be the greeks oh we're going to sue greece because we raped and pillaged them for going to show them i mean this is an old strategy and the greek people i'm sorry that your country has been sold to fresh food franchises and cell phone networks but hey five thousand years of history you had a good run well i just mentioned the famine victims here is that the banker who's had too many munchies i guess you could say over his lifetime surely president obama is joking about this have larry summers run the world bank thing so larry
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summers apparently has been is being floated as a possible world bank chief had floated floated yeah like a big giant macy's day balloon which which but the article points to a the ron suskind book confidence men and it talks about some little bits from inside that book inside the obama white house and one of the interesting things is that apparently larry summers. threw major hissy fits when he was not nominated to be ben bernanke to be the central bank chief to replace alan greenspan in particular he got very angry with timothy geithner who didn't support his nomination so this is what he wanted to be he wanted to be the pullup bureau in chief the fat cat top smoking those obama dollars who's a fatter pig is it larry summers or chris christie i have to look that up who's the biggest pig but you know the fact is that larry summers and the readers editorials in the financial times of the posterous because you keep harping on about the same
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thing for years now we just need to increase demand increase demand increase demand by stoking the markets with more credit and giving people more means to borrow more money to go out there and demand never goes you say that there should be maybe a supply maybe a supply of manufactured goods for example maybe savings that would create capital for your capital's model he never talks about supply he only talks about demand and how to increase demand as if we're living on a planet that can support hundreds of millions of people in the us and billions of people around the world all demanding stuff and borrowing money to get that fulfill their demand but never ever actually manufacturing a single thing unless you're at foxconn eight hundred thousand sleighs making i pods and i pads all day so that people in new york and flash around central park with their little gadgets making googly eyes at each other even though they're supporting slave labor you know there has been a massive supply of financial products under him a massive supply of fraudulent financial products he was actually pushing alan
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greenspan to be less regulating of fraud and alan greenspan was one of the maestro's of allowing fraud to flourish as a way to provide liquidity to the markets ok let's examine that for a second the supply of financial products that are all based on debt and debt is the killer. of the economy and people demanding more debt is not the same thing as fulfilling all supplied her with a demand curve this guy larry summers is an abomination everything touches turns to garbage he uses position in government to invest in things like square that new online start up company insider trading inside information market manipulation another terrorist christine legarde son of all the time all states never don't go away stay right there are going to talk about more stuff you to stay there.
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in the. world with the. technology innovation is developments around russia we've got the future are covered. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realize that everything you thought you knew you don't know i'm tom harkin is a big picture. welcome back to the kaiser report i merely stated herbert we're talking about the global preeminent. for financial terroristic gather and swap ideas about financial weapons
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of mass destruction how to blow up countries make money so what else you got for me there are states that harbor well max we've already established that the regulators bankers economists and all or all of your their stowed and their own money supply i think are showing up pretty convincingly. and they're all meeting in davus now here's robert johnson an economist and a former currency trader for soros another big name always. appearing at davos and he says economy as a profession see how to keep economists from missing the next financial crisis notice that he says financial crisis is not financial crime wave and i think that's an important thing to think about here he says that it's all about the mathematical models in particular that we need to really look at these financial market models for instance he says tend to be constructed was building blocks that assume stable and anchored expectations but as far back as one nine hundred twenty one frank knight of the university of chicago made the useful distinction between measurable
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risk and unknown unknowns which he called radical uncertainty nights' point was that in a period of radical uncertainty expectations couldn't be anchored because they have nothing to latch on to well this is an ongoing debate in economics and finance and what people fail to understand is that the liquidity the capital that's used to fuel capitalism coma's overwhelmingly from the losers the people who make losing bets the people who make losing option bets the people make losing bets on all kinds of investments that money gets recycled into the economy and gets used by those who are able to make better bets to make better use of that capital if in fact you had an economic model that would give some predictability to outcomes. then you would eliminate the entire c.
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speculative capital that forms the basis of what we call free market capitalism so it's very premise is faulty to the core it shows a complete lack of understanding of markets and finance it shows a slavish devotion to academic theories that have long been discredited and it shows a major media who is incapable of challenging the charlatans what i'm saying is that he's failing to account for crying and crying doesn't fit into any financial model that we are presently using if i steal your rabbit that's not in any sort of model that is going to explain how to operate the global economy well that's not necessarily true because piracy is a concept is understood was the driving force for example of the american economy the term yankee comes from a version of the dutch word for pirate or things.

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