equality and a disappearing middle class especially the struggling blue collar city of detroit its earned a reputation as a doomed place where no one in their right minds would want to go this movie clip captures that emotion. can. expect the montara with doc to. take him to detroit. well that insult to injury there is the one town in michigan that he peddle mises the problem of corporate greed crippling a community while apple and many companies ship jobs overseas another company has found a way to drain average americans without even stepping foot out of state lines and

as our to correspondent are in a port in iowa shows us one multibillion dollar company has left an entire community drowning in debt and sorrow. in one of america's most economically depressed cities resides the world's largest producer of home appliances corporation is headquartered in benton harbor michigan where sixty percent are unemployed ninety percent live in poverty and per capita income is roughly ten thousand dollars the citizens of benton harbor are living from one day to them and they're very poor and they're very disheartened i mean there's been very little effort on the part of the whirlpool that runs everything to try to. involve the community in two thousand and nine whirlpool received a nineteen point three million dollars grant from the federal government in part to create jobs and i think our u.s.

workforce certainly. factory workforce if you will is that is the best among the world so we're very confident in the future of u.s. manufacturing for our kind of products one year later the corporation received nearly twenty million dollars from the state of michigan to expand its facility which now serves as a gateway into benton harbor it's good for the community good for the state and good for your business as well there's a real art to that but as the u.s. based corporation has grown globally you know. more jobs have been outsourced to countries demanding less wages today the former blue collar community of benton harbor remains a victim of america's deindustrialization and growing poor population pool has seventy one thousand employees around the globe but no longer manufactures home products in its hometown it still remains a recipient of u.s.

state and federal stimulus funding. more open to just close the factory and that hurt my business my little business. i lost a lot of clients this is their home base in it always has been and in the beginning of the large development they promised us that they would always be due to the recession the corporate but he myth of home appliances hasn't paid us income tax since two thousand and eight by two thousand and ten nearly ninety nine percent of benton harbor residents were receiving food stamps while the whole thing approximately eighteen billion dollars in annual sales that think i've purchased my last whirlpool appliance i don't even think i'll call for we care because too often in for too long those that have gotten rich has forgotten who's helping them to get there and they're willing to step on us in that just doesn't sit well with

my soul a song living in one of america's poorest cities in poverty and accessorize in corporate success arena point nine thirty new york. well ben harbor michigan is just one of many towns across the country plagued by dismantle economic prospects just moments ago i spoke to reverend jesse jackson about this. it is wrong in the case of benton harbor and in several of the small towns if they stay they goes into a budget crisis the governor has the right to have legislature to intervene to remove an elected democratically elected mayor remove a democratic elected to the county and sit them down and then put an emergency manager with on the council to the people on the to the governor the secretary of state who then can cancel all labor contracts with a console of state asked it that is fundamentally replacing. democracy

with a unilateral form of government this is tyranny and the problem of justice must intervene and renard does not have a management crisis it has a need for economic reconstruction and the state cannot undermine democratic process by in a way taking away the basic rights. reverend president obama he's kicking up campaign efforts and these key states michigan being one of them how is he going to win votes and places that are in some cases worse off than when he took office. well but most of them are better off the fact is we came into office we were losing eight hundred thousand jobs a month to him ridging out the back door the first stimulus they him urging him began a slow recovery back issue been a bigger stimulus because the hole was deep in most people realize it was and then

in addition that three years later the one hundred thousand troops out of iraq and that was a promise made that is kept the fact is with all the tax and obamacare more americans are insured we're. used up to twenty five out of school can stay on their parents' insurance program more with preexisting conditions can still good health care and it's been a costly recovery but they did big issue has been the idiot logic of the virus in that country between states right sovereignty and then a more perfect union there are those willing to sink the ship just to destroy the captain or cut the mutiny on the ship. but reverend obama now president obama he is coming back with this kind of populist message that that helped to get him elected the first time around and this message this rhetoric of favoring the people over the. is going to be hard for folks in these struggling towns and struggling

states to to believe it. will move because of the on the what he's trying to do but what he has been stopped from doing and they look at the alternative mainly you've got. a woman who put a finger in his face the truth of them of a boycott against our own until she apologizes you have newt gingrich calling him a welfare president the fact is the woman said of all we have are statements of white twenty five percent african-american. so i say race cold you have of the case of someone calling him a liar you have the will of the congress and go through to me and all of us just dishonest and mean this all those who challenge his birth his you know america is he a christian and so you have this one of us push off and the cumulative impact is a real revival of racial divide which we do not need and do not deserve and certainly a lot of people would make the argument that today the country is more divided than

ever and tonight we have yet another g.o.p. presidential debate coming up and so far as expected we've seen a lot of talk from them about tax breaks for the ranch their argument behind that is that somehow it's going to help jumpstart the economy phone we see cities like ben harbor michigan does that this prove that barry. well the case in the case of a mitt romney who is making twenty one million a year not money is making money capital making capital. giving him one and does not give us more jobs or give him more surplus we believe the banks but not live without link to lending the reinvestment the fact is we should restructure the banks not refortify to make them the bigger and to bigger to fail and that's not a good thing on the is true if comes about putting on the public option. become move enough of this to the mic and move the money is to ease of rhythm and on issue

would have risen and then you cannot negotiate for half price on the international market. beyond that to fifty three million americans on food insecurity fifty million in poverty and for the full million on food stamps we have a real problem and i kind of mean the whole the the the dick at the ship is doing very well but the whole of the ship is getting crowded and more painful and reverend in your opinion well what needs to be done to address this problem of rising inequality. rising inequality gap and your last. well first of all there must be a fairer distribution of the tax burden too few have too much pay and too little and too menace suffering too much pain so that gap must be closed by a commitment not to keep keep exasperate in the gap by feeding the richest one percent that's one thing a second thing that men must be some of the rich in submission the poorest people in the jobs now bottom up not tax cuts top down people will and will rock you

look at detroit one hundred thousand a bigger home of them bend the laws go to take twenty five percent of those homes remove boys and put on when the planes put the fires in those homes and begin to fix them up for risk from them you would create more jobs than there are people in so when a plan to emerge is the reconstruction largest emergency management put americans back to work bottom up not top down and president obama a couple days ago he gave his state of the union speech and he talented the fact that the economy is getting better and we're seeing the signs of progress but what signs are there really that that the economy is getting better. well the fact that you're losing a little thousand jobs a month and you begin to gain some jobs was getting better but music good much whether the reasonable people you cannot get the fifty million in poverty all the putting up on tax cuts and trickle down the most of the rich intervention among the

poor is a kind. of the war on poverty we put forth a child nutrition a job training at the government puts people back to work you could not wait for the private sector to put people back to work those that use them their money to further invested brawled the further global last couple of workers' rights so you need government intervention to break the cycle of poverty reverend thank you so much for coming on the show that was civil rights leader jesse jackson. well be sure to stick around for the big picture what's louder than an opinionated american exercising their freedom of speech the answer a big old pile of money that's of course according to the u.s. supreme court and the majority of that money is going straight to as supporting one candidate or another harman well tell you just how much money t.v. broadcasters stands to gain from this new form of speech that is all new and

a half hour. that is going to do it for the news for more of the stories we covered you can head on over to our t dot com slash usa you can also check out our you tube page and that address is you tube dot com slash artsy america you can also follow me on twitter as well have a great night. news today violence is once again flared up. these are the images cold world has been seeing from the streets of canada. china operation through the day.

of the. max keiser this is the kaiser report you know we have banks there but we hate

hollywood even more stacey max there's been a call to revolution kill hollywood this is a headline from the reformed broker dot com and josh brown says when the revolution begins and becomes apparent one doesn't sit on his porch and watch one gets his gun off the mantle and kisses the family goodbye on his way out to the field oh yeah all the wars on the kill i want campaign that started you know we have the occupy wall street movement on top of the arab spring movement but this kill hollywood movement is really interesting because it sets the stage for a civil war in america yet domestically in california with think northern california silicon valley the tech community versus hollywood the old oligarchic neo feudal caste system but so reformed broker however josh brown is that talking in particular about why combinator this is a startup seed funder and they looked at this situation they saw sopa and they said

hollywood appears to have peaked if it were an ordinary industry film camera say or typewriters it could look forward to a couple of decades of peaceful decline but this is not an ordinary industry the people who run it are so mean and so politically connected that they could do a lot of damage to civil liberties and the world economy on the way down it would therefore be a good thing if competitors hastened their demise so why combinator is a seed fund capital farm which is pretty thanks for capital farm it's an integral part in the capital formation that is nasdaq that is the huge growth that we've seen it online and where. two point zero now they've taken an adversarial position against hollywood because they recognize and as they say in the quote they're mean they're well capitalized and they cheat and there are ability to undermine the system and to destroy free speech and to destroy

a lot of what makes the economy grow is such that they need not to be left alone to just with their away and die they need to be actively pursued and killed the industry of hollywood needs to be killed and you know he he says that they're going to get violent and nasty on their way down and we already see that we saw that with soap and he said this is or y. combinator says this indicates to them that hollywood is dying poor chris dodd is the next headline the former senator and now c.e.o. of the n.p.a. can't catch a break so he looked at the situation the defeat of sopa and he said it was just a p.r. thing and that he blames in particular the tech community he blames silicon valley he said you've got an opponent who has the capacity to reach millions of people with a click of a mouse and there's no facts checker. is afraid of him. but crist you know he's one of these extraordinarily corrupt american politicians you know

runs in p.a.a. and what is the m.p.a. in motion picture association of america you know from here there may mention a lot of the r. i am the recording industry association of america and these two lobbying groups on behalf of hollywood and the extraordinarily narrow interest of the copyright cartel who is always for extension of copyright is put a muzzle on speech in america and on innovation in america to satisfy the whims of just a few oligarchs copyright cartel oligarchs in los angeles and as i mentioned it's a bit of a civil war because you've got the tech industry in northern california they've got the copyright laws in southern california and now these two are at loggerheads with each other and. we're siding with the technology of course the open source and the free speech the copyright cartel and hollywood it is an ugly must not believe position that's done incredible damage and i'm glad to see this fight finally spill out into the open is spent in the shadows for a number of years now it's

a mainstream fight the main event now i want to show you just how america operates on this monopoly system here they have a digital dictator chris dodd he's the former senator for connecticut before that he was a congressman i want to show you a picture of me in connecticut one nine hundred seventy five. that's the year that chris dodd first became a congressman noticed something i was a little tiny girl exactly like all those people in tahrir square who only grew up who only knew barak i have only ever known chris dodd and joe lieberman they were always our counters per cent are always our center they were always ruling us determining what connecticut could do and here he is he goes over to the n.p.a. and the whole internet space suddenly has become a genuine threat since we barak was overthrown you much of mubarak and the mubarak regime toppled quickly because of the facebook revolution. move barack off guard

obviously an entire region is still trying to figure out this whole thing of social media same thing with hollywood they have been quietly putting in for copyright term extensions for decades they've had their way for decades suddenly mobilization against sopa and people within a day within a week it was defeated in washington with lightning speed justice and those and those those those all of darks and all the would were taken down a peg similar to the way mubarak was taken down and then the fight is on other people realize that hollywood is the enemy of free speech when mubarak realized the danger to his monopoly he controlled the all industry essentially in egypt as his private fiefdom now compare this to the n.p.a. hollywood realizes that there is a genuine threat to their monopoly position and what do they do they go on to state television fox news and threaten. the soldiers if they don't do

enough violence on their behalf m.p. a openly threatens to pull funding from politicians who oppose them so chris dodd the head of the motion picture association of america went on to fox news and he said those who count on quote hollywood for support need to understand that this industry is watching very carefully who's going to stand up for them when their job is that steak don't ask me to write a check for you when you think your job is at risk and then don't pay any attention to me when my job is that state it's a remarkable admission that these politicians are for sale and he's saying that unless you continue this monopoly position we're not going to be supporting you in washington anymore and that's really a remarkable admission and it shows you the stakes involved and it shows you why the internet community is mobilized now to take hollywood down and that's why y. combinator

a seed capital firm has written an open letter saying we want to kill hollywood i mean this is an amazing admission by an integral part of the capital model in the united states that they're saying they want to kill hollywood and of course there are business models in the wings my own power my film dot com which is geared toward doing exactly that the other important thing to know here is here he is going on to fox news state television and he's threatening politicians to give them more funding to bail him out who is the man who actually wrote the legislation for sopa that was lamar smith a so-called tea party member he's demanding that the f.b.i. operate as their collection agency i imagine here's an industry the motion picture association which their product hollywood films very few of them have ever made a profit probably less than a dozen in the last thirty years have ever technically earned

a profit now imagine the tea party is freaked out that barack obama bailed out g.m. . at least they made a profit in many years and they do make a profit when they sell a car hollywood doesn't actually make any profit they claim so why are we subsidizing why would we get the f.b.i. out which they start making sure nobody buys toyotas in order to protect g.m. from their you know bad habits of building cars that nobody could afford to operate or has the hollywood accounting as this call is the original enron style accounting they book any incremental profits in the short term and then they amortize losses for infinity the executives pay themselves on this cookbook mentality and now you see it running rampant throughout the entire economy the banks on wall street for example they book all their short term profits they dump the losses into the public domain so this is not being carried back and forth then the insider trading between hollywood washington and wall street exchanging information then there's another

lobbying group the creative coalition nice to be on the board that organization and now the people are beginning to realize that hollywood is the enemy we need to kill hollywood. and part of that is that they don't want ideas to flourish because this global cartel system that we see the oligarchies that controls everything they realized in the last year since mubarak was toppled that ideas are so much more powerful than even one of the most heavily controlled economies in the world so you see this also in the currency that has kept that alive is the dollar and you also see the same sort of response as sopa to the dollar currency wars iran banned from trading gold and silver reuters reports that the e.u.'s agreed to freeze the assets of the iranian central bank and ban all trade in gold and other precious metals with the iranian central bank and other public bodies and around max so this is just applying to the your peon union they also are not allowed to trade oil with

iran so how do you think this is going to affect the euro the dollar and will it preclude china russia or other nations like india from kentucky operating no course on its financial suicide of course because it doesn't preclude china china wants gold iran's got goal they're going to do deals with china and china is preparing itself in this currency war for a post us dollar reserve world and also you've created markets we created the hollywood stock exchange is gold and silver are they fungible commodities of course i mean this is a joe's you how arrogant these policymakers in europe are and why they're going to lose this currency war it's very simple that's why gold is over going higher so of course i said it also applies to oil india joins asian dollar exclusion zone will transact with iran in rupees indian iran have agreed to settle some of their twelve billion dollar annual oil trade in rupees resorting to the restricted currency

after more than a year of payment problems in the face of fresh tougher u.s. sanctions so zero hedge concludes that to summarize japan china russia india. around the countries which together account for the bulk of the world's productivity and combined are the biggest explorers and producers of energy and now they're all coming up with bilateral deals thus obama's policies are actually creating this situation the final death rattle of the u.s. dollar as a reserve currency right and they hope that this will somehow stimulate their exports at the end of the day and save america and create jobs but what they don't understand is that all they're doing is that they are empowering every single other nation on earth who to be able to escape their seniority that is the play of the dollar and to grow independent of the u.s. and to completely divorce themselves from the u.s. and it also is the exact same sort of moment why combinator is

a seed capital fund for the internet space china is the seed capital you could think of as for capitalism at this moment they're the only ones with cash reserves financing a lot of things so they must look at this in the same exact way that y. combinator looked at sopa y. combinator looked at sopa and saw the death rattles of an industry china has to look at this and see the same exact thing that they're running out of ideas if they're only ideas to shoot somebody it's certainly a good case to continue to keep accumulating gold and silver states remember thanks so much for being on the kaiser report thank you max don't go away much more coming your way so stay right there. mission free education free transport charges free. range

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max kaiser welcome back to the kaiser reports i'm not to go to california and speak with author radio show host mike rupert of collapse that dot com mike welcome to the kaiser report max great to be back with you again all right mike rupert you're in california home to both hollywood and silicon valley what is your take on the soap people debate how is it playing out in the local news there in california clearly in california my take is that the press and the people perceive that sopa and pipa are in a dire straits and i don't think there's much hope to resurrect these bills the opposition has been pretty uniform i just made a trip down only recently and met with

a number of people in the movie industry and i did not see a lot of concern about it so i think there's another agenda being followed right well clearly it's an assault on hollywood there's a venture capital firm now coming out saying kill hollywood with new ventures that will undermine the hollywood copyright cartel it's an assault on freedom of speech and there's a bit of a civil war because the technology is in northern california the content copyright cartel is in southern california but is it just a sunshine in the end the dope and the drugs that make them impervious to what's going on well i think it's what we're seeing all over the world as old ways of doing business are just no longer viable and no longer productive this is kind of an evolution and i think it's a healthy one where we see more access to copy by more people instead of people holding on trying to squeeze the last nickel out of a lot of an orange now be we've seen a really almost like a move barack style crackdown on the internet by the u.s. government over the past year what do.