which is gosh i make a hundred mistakes that day professional and personal so to you we all do that's not a problem but if one can rectify an error that involves human lives even if they are the enemy it's your obligation to try to make right what you've gotten wrong and to avoid embarrassment of individuals of officers in the policies end in a sincere delusion of what needed to be done a lot of this was just carried on as you say glenn i you're one of very few people who actually get into sort of the nitty gritty of actually what goes on in some of these black sites inside the walls of these present and wondering why you decided to write this book. oh it's quite simple why in a might sound. corny but it and it's not corny it's really profound i felt that this was my obligation and my duty as an american citizen i was an official i was

a cia officer i was involved and in secret programs of which few people know and secrets have a place in the government i have no problem with that but when the program i was involved in as america's representative undermined the principles the practices the checks and balances and the beliefs of american society and our government and our laws and only i know about it if i remain silent i tacitly support it and so it was my obligation to say i can bear witness to what we have done to ourselves so that maybe we will get it right next time that's why i wrote it has anything i need a window this year but i didn't i didn't break the laws and secrets i was very careful to follow my obligations but it's also my obligations assistant the say wait a minute we got this wrong i know you're back books and on the shelves after about six months now has anything changed will anything change. i think the largest

change as i say the practice is that i was involved in two thousand and two were formally repudiated by the obama administration. they're doing their there still is more mis understanding of the nature of the terrorist threat from islamic extremists than i would've anticipated no the we do believe that there are ten feet tall more than they are maybe they're only eight and a half until so i think there still is fear does still drive our perceptions more than it need to there has been some shifts happily in the last ten years away from the excesses of earlier all right certainly interesting stuff former cia agent and author glenn karl. well the government in los angeles is cracking down on the pornography industry and how the performers have sex and porn actors in l.a. will now have to use condoms on the set and if they don't the filmmakers won't be

able to obtain a permit to the film now the unprecedented law was signed by mayor antonio virago said this week as adult film for producers who bring a lot of money to the area may take their movies elsewhere now since many of them say people don't want to watch porn but the actors wearing condoms as r.g.s. ramon goal in their shows as the political mess over condoms could be a costly one. it's a very dangerous issue. where. not only is it unconstitutional but it's kind of against our human rights at a time of growing concern about government bridgette on people's liberties the porn industry is fighting for right they say is under attack so i prefer not to use condoms i want to see like the. staff you know and i think some of the city of los angeles has approved a new ordinance which mandates performers like aaliyah janine and domino presley

must use condoms well having sex on set the unique law has people worried about a nanny state criminalizing consensual acts between adults so no on wearing condoms in porn yeah i mean take what you are a place where from the point of having sex on film anyway i think they're wasting their time that's like asking everybody to wear condoms in their home and i don't think the government should be interrelate regulating sex many also wonder if this is really the most serious and pressing issue facing the city and prayers are always kind of how do you know when you're going to say we want twenty four hours so yeah it would be nice if they would allocate funds for something more productive to the people while china and other countries build high speed rail and modernize their infrastructure here it can take years just to get approval to make improvements to the transit system but while the city struggles to settle these issues it will be in the business of enforcing who puts on one of these. the condom

requirement could also push out the multibillion dollar porn industry a source of major economic stimulus in the area if this is put in place it's quite possible and probable that the producers will move out of the area and that will be a significant loss of revenue for the city. the adult film industry is estimated to generate fourteen billion dollars a year and most of it is made in the los angeles area i know that probably every day there's you know fifty to one hundred scenes being filmed in the park. or renting a house for a crew. so i mean it's definitely a huge you know. it's tough when they talk on you know an inflow of money l.a. sorely needs as it struggles with a massive budget crisis we should be more concerned with legitimate issues whether than others like porn actors actually using condoms and there are plenty of issues

there have been nearly four hundred thousand foreclosures in l.a. county since two thousand and eight and today more than fifty thousand people are homeless official unemployment hovers at twelve percent the real rate likely much higher census numbers show that nearly one in five in los angeles are living below the poverty line and close to a million people receive food stamps something for the city to think about well it plays condom police in los angeles ramon lindo r t r well this could be a story about the changing face of porn but in many ways this is also a business story a story about regulation enforcement and big big money as we heard in the report fourteen billion dollars so i decided to talk to somebody who may have the best idea about how much of an impact this new role will have chanelle preston is an adult film actress and i spoke to her a little earlier i started off by asking her a simple question how will this affect her. i think most people are upset because

they feel that it's more of a witch hunt than anything rather than them saying you know this is for your safety i think people just feel like it's an attack on us and it's going to really affect us because we don't know where the industry is going we're already having a hard time as it is because of the economy and we're kind of not really sure what's going to happen right now i mean you say this is a witch hunt why would this be an interesting than an industry that anyone would be hunting or be after considering especially about how much money it brings into the area absolutely and i think that's the question we all have like why are they doing this i think that what happened is the aids healthcare foundation decided that this was a problem and they're really pushing for this condom use when we're like is this a problem is a problem within our industry or is your problem ever worlds i think that's

a that's a good point but you know this is an industry that a lot of people kind of figured was already regulating itself making sure actors and actresses are disease free but at least in one case someone said at least that they contracted hiv while working that was reported so give me some insight here how can you be sure that what you're doing is safe. well obviously it can't be one hundred percent safe and when you get into that industry you understand that there's a lot of jobs out there that that's something you understand going into it this is one hundred percent safe and we know that so i think for someone to come into the industry and even get not just a chevy but a regular a c d for them to be outraged by this is a little bit ridiculous that is going to be a risk we do regulate ourselves and it has worked every thirty days we get tested. i've never been on a set where anybody has worked without a test even if it's not a regular sex scene even if it's there's just

a little bit of contact if you don't have a test you do not work and it has always been like that since i've been in the industry i think that's a that's good to know because i think a lot of people didn't know that and i wanted to say to you know on the other side of the coin as you say this is an act between consenting adults there are plenty of adults who do things that may be dangerous. and so you say you're wondering why the government got involved in this specifically has there been any talk among you and your coworkers about why this was targeted we just showed in our report there's a lot of other issues in l.a. that should be dealt with. absolutely i i personally feel like sex people are funny with sex almost makes them angry and they want to do something about it and naturally they feel like condoms is the way to go a lot of people that are passing this law don't understand what goes into making porn and how sex for performance is completely different than sex in your personal

life. condoms break and they hurt when you're having sex for long periods of time and people are worried that when this goes into effect people are going to stop testing and that they're going to feel even more unsafe when it's just condoms and no testing. that was adult film actress chanel preston now be sure to stay tuned to our t.v. next week for a brand new line up get out and stay out that's the message coming out of the national park service these days they're getting ready to send occupy d.c. protesters packing starting monday to camps will be shut down in the latest attempt to stifle this growing movement but as these occupy protesters say you can evict people but you can't evict an idea we'll bring you the very latest from the occupy d.c. movement and those protesters certainly aren't the only ones who are seeing cracks in the system president obama says we're on the road to recovery but families all

over the u.s. are living hand to mouth and nowhere are the differences as stark as in los angeles where multimillion dollar mansions tower over poor communities will take you to one community that is being overshadowed by the so-called progress. and finally he is the man that made famous by fighting against government corruption he was the one who is accused of leaking in fallon's of u.s. military secrets now he's fighting again this time against extradition charges love him or hate him he isn't afraid to tell it like it is will follow the latest developments in the case against julian a son of course these are just a few of the stories we have in store for you next week along with much more news and in-depth interviews so be sure to keep it tuned right here to our t.v. and for now that is going to do it but for more on the stories we covered go to our team dot com slash usa you should also check out our youtube page it's youtube dot

com slash r t america and you can follow me on twitter at christine for is our hope you have a great night and a great weekend. well see british science done. from time to. market. find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into cars a report on our.

backs hazard this is the kaiser report yes. we have no obama today stacey i guess you're talking about the state of the banana republic let's look at some artwork here from zero heads this is william bonzai seven and he's talking about the state of the union it's a state of the banana of course some more artwork speaking in front of a cash congress and world's highest standard of living billboard as we know everybody keeps on talking about america as if it's the great hope you know that everything is going to recover there and we're all going to be saved and of course it doesn't recover. the max.

well we're going to move from bananas over on to apple live apple numbers are add and it's a blowout apple reported their first quarter earnings the very same day that obama was lying to the american public about the state of the economy and their revenue was forty six point three three billion versus thirty eight point seven six billion expected earnings per share was thirteen eighty seven versus ten dollars and seven cents expected i phone units sold thirty seven point zero four million versus the expected thirty point two million well yes this is amazing because they have one hundred seven hundred billion dollars in cash they have more cash than a lot of countries have their total g.d.p. and over four hundred fifty of the s. and p. five hundred have in total market capitalization but here's the thing they got rich by outsourcing jobs to china apple computer if they have those jobs onshore it

would add something like sixty bucks per iphone to the current price of many hundreds of dollars it's almost insignificant but they refused to do it because they want to build this huge cash hoard for no apparent reason they don't pay a dividend they just sit on the cash so if they're going to just rip people off their jobs and they're not going to give them the means to buy the products that they themselves manufacture now most of the sales go outside of the u.s. then you have to give them something you just can't use the u.s. infrastructure greedily for your own purposes and give back nothing so the only thing they have a give back in my opinion would be shares in the company itself stock in the company in fact i phone sold for an average of six hundred sixty dollars which was higher than analysts had expected as well so people are already willing to spend more on it so if it were a sixty five dollars more they're saying it would add cost of ten percent just a minor adjustment but if you calculate the new customers that would then be in a position of buy more i phones net net it would be

a creative they would actually make money. doing this it would be a way for them to make money but they're so frickin stupid apple computer that they don't seem to think that it makes any difference whether they disenfranchise millions of americans now in the state of the banana republic speech barack obama also mentioned this new buffett law that he wants to bring in that warren buffett shouldn't be paying a lot less tax than his secretary and also on the very day before i guess it was mitt romney released his tax returns from the previous year and sure enough he paid thirteen point nine percent honest twenty five million dollars in income now that brings me to this headline further about apple most of apple's eighty two billion dollars cash stockpile is trapped overseas now of course this is only a few weeks ago and it was only eighty two billion dollars the cash pile now is ninety seven billion but fifty four billion of apple's overall eighty two billion in cash is an offshore accounts and apple cannot repatriate that money to the

states unless it wants to pay a huge thirty five percent corporate tax on it but it's another stab in the back to americans not even paying the tax on the short and letting the benefits accrue to people outside of the united states but also it is a banana republic and only certain sectors have huge privilege private equity who extract the capital the wealth hollows out an economy they get taxed only thirteen point nine percent of their income apple which could potentially create enormous wealth in the u.s. economy is taxed at thirty five percent and we all know when everybody says oh people are just jealous of the wealthy well they were throngs of people throwing themselves at the various apple shops and steve jobs a multibillion are died his company is taxed at thirty five percent on their earnings mitt romney is taxed at thirteen point nine percent so. there is that

element to the banana republic of course the turban of republic comes from the united fruit company which change their name to chiquita after that such huge p.r. disaster of finding out that they were involved in the overthrow of governments in latin america and south america to further their ends and now you've got american oligarchs american banana republic leaders like barack obama or the leaders of apple computer doing the same thing that these other dictatorships are doing causing the same kind of economic distress and and they seem to then themselves after fruits for some reason whether it's a banana republic or apple computer apple said they would return the money to the united states if they were taxed at nine percent but did they threaten the people in congress like the people like hank paulson did when he got the seven hundred fifty billion tarp bailout threatening martial law no now let's turn from the state of the banana republic to the state of the stiff upper lip this is over in the

united kingdom serving king no reason to despair so his report says britain is heading back into recession the governor of the bank of england urged against despair because all crises come to an end eventually he says he looks pretty miserable doesn't think he should talk like usually we're telling people don't despair you don't look like you're about to top yourself you tried to have a smile and put a white cloud nose on really like a burning he's usually got the clown those and he's delivering that economic numbers mervyn gang has got that british kind of in the bag have blitzed on gin luck which is not fooling anybody and of course the u.k. economy is contracting why because the debt in the banking sector continues to expand and nobody's doing anything about that mervyn king wake up as we compared apple to the banana wielding bankers in america. where the bankers have so much more power over government officials via their debt that you see this

playing out here with mervyn king he's also pleading because all he has is desperate pleas to the banking sector the tragedy of the financial crisis is that those who have suffered most have been those who bear no responsibility for it the legitimacy of a market economy will inevitably be challenged if rewards go disproportionately to a small elite especially one which benefited from the support of taxpayers so he then goes on to plead with them please don't give yourself massive bonuses and rub it in to make our jobs more difficult but he has the means to rectify this problem simply by raising interest rates instead of engaging in quantitative easing which is to lower interest rates you have in your ability to right this wrong mervyn king why are you pretending as though you are powerless you're sitting on the bank of england the premotor primo of central banks the progenitor of all central banks if you don't know what to do then either resign or in fact top yourself as it looks

like you want to do max more importantly he could just stop buying their debt he keeps on engaging and quantitative easing he's like a freaking madman why don't you just stop giving them the money and stop. stop on the debt that you yourself if you stop it. you know it's like exactly like that movie psycho when norman bates starring in the into the mirror and he's trying to you know attack what turns out to be a reflection of himself just as his mother this is mervyn king he's looking into the mirror dressed up like a woman like most british men like to do most of it on and he's attacking himself. so you yourself are the psycho mervyn king well let's look at the state of the actual british citizen u.k. family debts up by almost fifty percent in a year the typical debt owed by u.k. family has soared by forty eight percent since january two thousand and eleven as

rising inflation has taken its toll on household incomes according to the latest of even a family finances report and max how is inflation caused. by printing money and buying your own debt mervyn king doing exactly who's doing. king the only hope he gives them with his glowing face is despair one day i'll stop printing money i can't tell you when it's like a sprinter economics basically because he's trying to hold in the inflation but he can't seem to do a good job it is leaking out and stinking up the joint. that's just one step too far perhaps but it's a good analogy that most people can relate to so research by the insurance company found that the typical u.k. family is seven thousand nine hundred forty four pounds and unsecured borrowing on credit cards loans overdraft and other forms of credit compared with just five thousand three hundred sixty pounds in january two thousand and eleven the figure

represents thirty two percent of a typical net annual income and suggests families are falling further into debt as financial pressures grow because pallies can't people work in these families can't get jobs why because all the jobs that are not in finance have been squeezed out of the system due to mervyn king's artificially low interest rates that have rewarded speculators and push legitimate jobs out of the way so this is exactly what you don't want to see an economy that builds itself as being competitive there should be a competitiveness in the u.k. economy where people who want to work and have jobs doing stuff should not be squeezed out by the central bank which is making it possible for the cancer of speculative bubble of comics to grow its way to the point of killing the host that is to say the u.k. economy which is clearly shrinking lanced a boil of speculators worming and you will stimulate the economy unless you yourself are the pos in the boil which i suspect that you are well again you know

perhaps the british population shouldn't despair too much because things could be worse they could be american the caging of america there are now more people under correctional supervision and america more than six million that were in the gulag archipelago under stalin at its height. there america there you go up that american come out of a lot of the men now look. like americans don't care that there are cages as long as they get cheap access to cable t.v. and a good rate on a mic not get. exactly if they're in a banana republic i mean many monkeys we live behind a cage as well and are fed bananas the accelerating rate of incarceration over the past few decades is just a startling as the sheer number it tripled since one thousand nine hundred eighty to seven hundred thirty one per one hundred thousand no other country even approaches that in the past two decades the money that states spend on prisons has

risen at six times the rate of spending on higher education ours is bottom to top a car several state and who they want the republicans as their presidential nominee none other than chief warden himself mitt romney of a private equity background bain capital whose job it is is to destroy the manufacturing economy in the real economy in favor of a financial eyes economy that crowds out all real jobs in favor of speculative bubbles and speculator gamble our kings that run the economy and as a result the incarceration population keeps going higher and higher and americans love to be incarcerated they hate their freedom they would prefer to be treated like dogs in a cage and have some warden like mitt romney in charge and that's what we're going to vote for all right stacy ever don't go stay right there we'll be back right after this.

when you take three. more charges. three. three. three. three blows video for your media project c.e.o. don carty dot com. i'm an exposure this is because

a report we're back talking about the net and banana republics they see well max speaking of bananas in my first headline here in the second half we have can a monkey pick a hedge fund they may match a typical fund of hedge funds in a research paper from some academics at their brussels free university in belgium and the geneva school of business administration in switzerland called assessing the performance of funds of hedge funds they studied abroad sample of one thousand three hundred funds of funds from one thousand nine hundred four through two thousand and nine and analyze just how much of value they actually created their core finding when you strip out the fees just twenty two percent deliver any alpha or risk adjusted investment gains at all you know and none with any consistency over time they're almost all completely worthless and a fund of funds is particularly worthless because it's a consummation it's a an aberration it's an abomination they're using people's money to invest in other

people's money invested in tertiary money invested by some guy in greenwich connecticut is probably john gunner's desk wishing he were mervyn king and never even looked at the market except for paul tudor jones they're all worthless and nearly half of all fund of hedge fund managers the academics report delivered negative after fees alpha one benchmark against the hedge fund indices and other words they couldn't even keep up with the index so this is a new term negative alpha negative alpha otherwise known as losing money they just say they lost money but no that's why community needs a way to say it that makes it sound like they're intelligent about the way they lose their money so they say negative alpha but they are empowered in ways that are quite detrimental to the overall economy because you know in the greek debt situation the hedge fund community and their use make of credit default swaps are forcing political change and austerity. on a country using their incredible leverage because they have a trillion dollars in cash which they leveraged up to fifty or sixty trillion dollars of poor greek greek economy is only

a couple hundred billion so these hedge funds gang up they collude they talk to each other again more illegal activity to pick on a country like greece that has no representational government that is nobody defending the country and they sell the bonds down to zero and they force austerity measures on a country with huge assets of those assets off long in the hands of people friendly to the hedge funds well exactly and those hedge funds are taking their case to the human rights court which is why we should just hand over all of that hedge fund activity to monkeys well you know the technology is becoming very sophisticated and you know there are injured do saying technology that allow for people to use brain waves to manipulate cursors on screens to surf the web using your mind and i would imagine that monkeys will soon be able to do this hire lawyers and defend themselves in court against slander by having hedge fund managers compare themselves to monkeys including the monkeys are a lot more intelligent well remember in the first half of the show we were talking about mervyn king and he's so angst ridden about these bankers and their bonuses well here's a possible solution.