and armed with sticks stones and even knives forty seven people have been arrested in connection with the trouble and troops have been deployed to the city to prevent further clashes officials fear the death toll could rise for more on this i'm bulletins for that if you tamp. down over two hundred people have been rescued off the coast of papua new guinea after a passenger ferry sank the boat was carrying around three hundred fifty people as a travel between the cities of cambridge and la the ship's operator said it lost contact with a vessel on thursday after it sent a distress call the search continues for over one hundred people still missing. american the fan secretary leon panetta says the u.s. will seek to and its combat operations in afghanistan next year speaking at a nato summit he said the country wants to switch to a role of supporting and training afghan forces the decade long presence of u.s. troops there has cost us around six billion dollars a year seven hundred u.s. troops and tens of thousands of civilians have died since the two thousand and one

invasion. deep freeze and happy snow have led to at least eighty deaths across eastern europe forty three people have died in ukraine alone were temperatures have plummeted to minus thirty degrees celsius in bosnia rescue helicopter airlifted emergency food and evacuated dozens from snow walk villages weather forecasters say the subzero temperatures are expected to last until friday . the u.n. is calling on israel to stop building settlements on occupied palestinian territory and go back to peace talks palestinians living in the area say they are being terrorized by israeli settlers who want to force them out many are now turning to technology as a means of self-defense or at least it turns out as near has the story. this footage is being filmed with nasa on a watch as camera he's the palestinian who's been pushed to the ground fine israeli soldier just moments earlier his friend took his camera and started filming the.

president of the worth of it out for literally i know that it was me it. was no no no no. no no no. no no no no no it seems like those happen almost weekly here in the hebron hills and across the palestinian territories for years they went unrecorded until an israeli human rights organization distributed cameras to nasser and dozens of other palestinians to capture glimpses of every day reality in an occupied zone the number one reason for settler attacks against palestinians and their property is the lack of law enforcement by israeli authorities this sends a clear message to violence settlers they will act with impunity the very will not be made to pray to pay a price for their actions but more and more they are being called to book after footage like this has been made public the extremists often strike in the dead of night sitting fire to mosques and painting wars with the words place tag the term

as a threat to israeli security forces of the heavy price will have to pay if they try to break down settlements and. the goal is to take control of all the land and expel palestinians the settlers let loose wild animals on the agricultural land so they destroy the crops we've seen instances where something has run over palestinians with their cars and shoot at unarmed palestinians it's on the increase . guy batavia is an israeli activist who gave up his day job so he could volunteer full time to teach palestinians about the camera project he says it is think twice when they see a lens pointed in their direction although it didn't stop him recently from breaking his arm and beating him all over his body at a protest in support of a palestinian farmer whose land had been stolen by a settlement but we were about fifteen activists in. and the settlers in the wouldn't care about the cameras actually.

it's one of the people that they were with. on the ground there with their cameras. all the cameras not only did israeli police do nothing while bones were broken and one second attempted to knife a protester but israeli activists say police beat several of them up what's more for the first time israeli woman activists say there were six she harassed and assaulted by both male and female israeli extremists but that hasn't dampened the enthusiasm of nasa and others to film what's going on and hold the israeli security forces and settlers accountable that i missed when the settlers see the cameras of course they don't do what they would usually do the cameras haven't stopped have just changed the way the settlers attackers now they do it mostly at night when it's impossible to throw all the checkers from the side before they attack to see if we have cameras with us. the settlers are accused of carrying out violent attacks against random palestinian civilians damaging their property more recently

however they're charged with targeting israeli soldiers and police and facing the homes of left wing israeli activists israeli prime minister benjamin netanyahu has vowed to crack down on jewish extremism in the west bank but with his government supporting settlement expansion that promise means precious little to those on the receiving end of the violence policy r.t. tel aviv now it's time for the business of date with katy state this. marina global stock markets have had their best start to the year for almost two decades they've risen an average of five point eight percent in january helped by signs of accelerating growth of u.s. and improvements in the european debt problems corporate results have also mostly been a ball the expectations banks and miners have been the best performing sectors which shows up more than nine percent. let's move on to the markets we look at sold

over the exchange rates last year is trading just a notch higher against the dollar stocks are extending a global rally ahead of us dog days are coming to mark the refuge assets of both the european and the u.s. currencies are lower against the russian ruble after seeing some gains in the previous session as we will. prove prices are performing much better than earlier on in the session despite the news that gasoline fell to a ten year low although they're still trading near the lowest level in six weeks as you can see the light sweet is just a fraction there positive territory from a stick or it's way back out on the brant is now half a percent in the dark as move on to the asian markets and they continue to extend their gains following on from the gains in the u.s. office of a signal that global manufacturing improves in january carmakers are among the main

game is on the nikkei with the huge percent over three percent the company's u.s. sells rose nine point three percent last month meanwhile consumer electronics group shop plummeted fifteen percent on news it's expected to report a record net loss of three point eight billion dollars for the current fiscal year on financials are on the rise in hong kong with pay just to see almost three percent of. the russian market is no leg. got off to a good start in the bronx but now other not doing surprises you can see them my sex is now just ever so slightly on the l.c.s. is just managing to hold on to those smoke. let's move on to the movies on the my sex financial stocks are among the main gang. is and nearly twenty four percent off its last year's net profit ten the whole billion dollars is gaming point seven percent on its energy mages are also up with gas from home five percent but. i have

seen magic wall believe the general music will continue to be bought strong movements are likely that the key dates later in the session. we're going to get a very important i say the most important piece of data these days this is u.s. labor market report. it's it's a general labor every poor is going to come before us market opens expectations that american economy created hundred fifty thousand new jobs fall into a gain of two hundred thousand back in december a lot of investors will be waiting for that number and we have seen on the sidelines we might see a pause in there ali if we look at the valuations they're still not very demanding and if you look at the russian market for example it is trading at less than six times earnings and just back in june a trade at about a half nine times earnings so there's been a very significant drop in the valuations in the market and in in the indexes and

also in the valuations of their of the russian companies. the global banking sector is getting increasingly anxious about its future that's according to a new survey by consultant superior w c it shows concerns about new bankruptcy banking national advisory asians have reached their highest level in thirteen years you see house polled bankers from almost sixty countries the debt crisis in the eurozone is considered the biggest risk the survey has also shown that russian banks are less prepared to face the economic dangers than their foreign rivals. so for now in the next hour i'll have the european stock markets because they open at short h. i knew that the box. down

like the official on t. obligation to i phone i pod touch from the q sampson. life on the. video on demand tease my old comes an r.s.s. feed now in the palm of your. question on the dot com.

more news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. giant corporations are on the day.

welcome back you're watching our t.v. and these are the top stories for russia refuses to back the latest u.n. draft resolution on syria unless it's a managed to clearly relock military intervention and an arms embargo on damascus moscow is against regime change and wants the blame for the bloodshed in syria placed equally on the government and the armed opposition. german chancellor angela merkel is in china calling on the country to help the financially crippled by investing in the euro and pushing for basine to get on board the western policy on iran. boss as the international community calls on

israel to stop building homes on occupied land palestinians who live there are trying to stop what they call terrorism at the hands of israeli settlers israel's promised to climb down on the perpetrators but it's the continued support for settlement construction is sending a mixed signal. as well as here in our kaiser report is next. i'm max kaiser this is the kaiser report there's economics and then there's hope economics stacey max yes that's what we have all over the world today but economics here's the trickle down chutzpah mel gibson temple tries to shake him down a southern california temple took out a jumbo loan on it synagogue

a loan that now can't afford to pay back so what have they done max congregation beth shalom located in corona california sent mel gibson a letter requesting that he give them big money to prevent foreclosure they wrote quote our proposal to you mr gibson and since you have been cited as an anti-semitic and have denied those allegations what better way to prove to all your fans and the naysayers than to endorse and help raise funds for our cause s.o.s. save our synagogue to shakedown. well t.m.c. calls the move a similar to a dude costing you for money at a gas station or something want develop the fish. well it is kind of what you see how printing around the globe you see banks everywhere in every single nation in the western world in which the citizens are hugely in debt the banks are hugely in debt as well and they're saying we're so in debt bail us out so yeah

exactly right it's a microcosm if you will of the entire global market where you've got folks that are shaking down governments and shaking down the citizens for bail money for mistakes that they made you know the wall street made a bunch of mistakes and they shut down the the taxpayer to bail him out in the u.k. the banks made here. mistakes and they got the government to bail them down in ireland they got the government to transfer all the bank's debts to the government's balance sheet one hundred percent no questions asked they're still paying off anglo-irish debt they're still paying them out so you know there's a lot of developed offense that they'll be paying them off for decades to come max but let's look at the chutzpah happening in europe ok now greece as we know is the center of all these problems because of all these debts they can't pay but who is the one that hit their debts who is the one that forced basically greece to become part of the euro so that the euro could happen in the dreams of france and germany

so and yet germany now is the one turning around and saying greeks reject german plan for e.u. budget commissioner greek officials have reacted angrily to a leaked german proposal for an e.u. budget commissioner with a veto powers over greek taxes so obviously it was met with a lot of anger in greece and to putu a former e.u. commissioner and now an education minister in the greek government slammed the idea as a product of a sick imagination well this is another gibson attack to the greek people they should say look you know we need them in your belly give us a bill zero zero it reckons that this demand that a budget minister from germany be installed in greece was bound to be rejected germany knew this so that they say their head says the next step is an epic l t r o long term refinancing operation in precisely one month whose sole purpose will be

to prefund european banks ahead of the greek default with enough cash to withstand europe's bear stearns right and it keeps them in the defensive mode in terms of deflation because greece is imploding this is going to be perceived as deflationary and therefore they need. to keep interest rates near that zero percent meanwhile the fact that they are essentially siphoning off the income from grayson is other countries through the backdoor through the off balance sheet to pay continually to pay the huge banker bonuses that's not really talked about because they go with that headline crisis greek collapse is deflationary oh by the way we ended up with all the assets that interest rates have to remain at zero percent if in fact the market was allowed to function without this interference you'd find interest rates starting to rise and you'd see some losers in the banking sector and you'd start to

see capitalism return to the fore but right now you don't have capitalism what's called some some call corporatism but i think we're going to talk about that the second half or you could call it quits but i'd like to see much more training on the exchange you know why isn't goldman sachs taiko its book public as a initial public offering you know you could be like the symbol could be kosher i'd like to buy so much but other ants in a bull market why can't i buy it why is the logical market being monopoly in a monopoly manipulated monopoly monopoly played it you can have a new worm and i'll be late and exactly take that public well ok now the point is that part of how this puts but economics works in terms of the eurozone is that over and over the nations like germany and france that engineered this economic zone they argue that to dismantle it for any nation like greece to leave the euro zone it would cost so much more it would be economic armageddon well the

report that will blow up the euro zone yes the pv the far right party in the netherlands commissioned lombard street research to examine the cost of staying in the euro versus returning to the guilder now essentially what lumbered street research found was that the costs of break up are wildly exaggerated and that the cost to the netherlands and germany in particular for staying in the euro are huge due to what they call unrequited transfers. and last purchased power charles dumas from lumber street research says the dutch people have lost thousands of euros in purchasing power per year since the currency was introduced so a lower euro has indeed they say helped german manufacturing exports for example but the actual german citizen their purchasing power has been declining the dutch

purchasing power has been declining excited no one in the netherlands they tracked us a bit in the paper i love it they say purchasing power and they track it up and down the never seen any other country track that the public press just fantastic but the deal about breaking out of the weather is greece bust out of the euro or some other country the fact is own interest rates are zero percent as they are now the costs are virtually nothing you have to equate it to let's say a facebook you know facebook is going to go public for somewhere in the hundred billion dollar range they have facebook credits which is a virtual currency that they cost them nothing to issue and they were able to create this multi hundred billion dollar franchise around that similarly with other gaming sites to globe has become essentially a game using a virtual currency that pays no interest that's the key to a virtual currency that pays no interest the dollar the euro is soon will pay no interest all these virtual currencies and global currencies pay no interest it's a gaming currency there's not it's not a banking system where you put a deposit in

a bank in these that is the basis for a loan as steve kean has talked about that's nonsense there are no deposits in any the banks worth anything the collateral is nothing it's negative reserve banking it's all a gaming currency food stamps it's a gaming currency the balance it's a game in currency zero percent interest rates you give away billions and billions you hope that people spend this money on line and viewing advertising which gives some bonus money on the back end to the bankers issuing the gaming currency but the entire idea of global gross domestic product needs to be replaced with the gross gaming product g g p and it's just a matter of. which country's economic activity is providing more of a gaming output and virtual currency output than anything else goods and services are passe and we're now in the post g.d.p. world or in a post sovereign currency world. well you know going back to this article here branding the monetary union a suicide pact dumas noted that the club med nations needed about five percent of

gross domestic product in annual debt refinancing more or less indefinitely this means that there would be unrequited transfers lumbered street research said of about sixty billion euros annually from germany fifty billion euros annually from france and but these numbers were based on the condition that greece and portugal left the eurozone so this unrequited transfer would be basically to italy and spain well that's exactly my point they're saying that you need a certain growth five percent to make up for the. transfer payment i'm saying that you won't have any growth everyone knows there is no growth and that the growth as we understand in goods and services that period over they simply give the gaming currency away whether it's a euro a dollar a drama and people use it online and they view ads and they boost a consumer economy which is all fueled by more gaming currency and as the wages

around the world go to parity so that the global constellation of wages four thousand dollars per year mark and we have a globe of gamers that's the only economy left and casino operators are now finally in the market for chutzpah we had last week the devil is formed and i want to turn to this headline here looking back at the davus forum the quest for economic and social nirvana now this came from a website called psychopathic economics dot com the subtitle of the site is davus world economic forum for bloggers so they noted a three hundred percent increase in the traffic to their site from google searches and it became quickly apparent that people are desperate to learn about davros and what the elites are doing to quote unquote fix the. honoree some of the search terms people were using davros attendees fix economy at davos davus

want one hundred fifty trillion dollars davros is a joke city at davos davus. davros generate a lot of internet traffic which generate a lot of advertising revenue for people to participate in the zero interest bearing gaming economy but there's no economic activity roubini was at davos he uttered some platitude nonsensical claptrap related nonsense about how this was going to happen and that was going to happen but all of his utterances are based on an economic model that is now obsolete but what did happen was that you had internet traffic which got ad revenues generated from people who are basically training in a gaming currency called the euro or the facebook credit or the hollywood dollar which is the one i created back in the mid ninety's except for well talk about chutzpah the co-chair of the world economic forum last week was

a victim panned it the head of citi group who saw the company become a ward of the state essentially larry summers who destroyed the financial system was almost single handedly responsible for it he was there saying well capitalized it needs to be formed why don't i take over it now this psychopathic economics dot com says the clowns don't even know or are psychopathic enough not to admit that we don't have capitalism if we had capitalism we wouldn't be borrowing more than a trillion dollars from communist china bailing out the banks to the tune of ten point four trillion there wouldn't be bread lines at wal-mart that are forty six million long unemployment wouldn't be at twenty three percent and kids wouldn't be living in cars in short we wouldn't be in the second great depression if you look at a panda for a second citibank look at citibank stock that's become a gaming currency it was trading down below a dollar down below fifty cents ten cents

a nickel then they did the reverse splits to get it back up and they'll do another reverse split bank of america stock crashing you know down to five dollars we think it's going to go to fifty cents a blow so the stop. going these banks are going to the gaming currency level of pennies per share meanwhile the people who are responsible for issuing gaming currencies like a facebook or google or social networking their stock is going up because they're in the game in goal like a scene no industry business that is now dominating the globe and as the incarceration rate goes up food stamp goes up gaming currencies go up there is no g.d.p. there's only g.d.p. you're here first of the guys the report they say are thank so much for being on the kaiser report thank you max doug o. a much more coming why so stay right there.

max kaiser welcome back to the kaiser report time now to go to beirut and speak with the safe and being a professor of economics at lebanese american university and foreign member of columbia university center for capitalism and society is most recently published article co-written with nobel laureate edmund phelps is titled blaming capitalism

for corporatism safety and before last week's davos world economic forum founder klaus schwab said capitalism in its current form is no longer fits the world around us larry summers also at davos claiming we need to reform capitalism your thoughts what are they going to agree with them the will we have right now does not really fit the world around us where i would disagree with them is that they seem to think that what we have is a capitalist system although it is very clear for anybody who looks at what's going on that it's really not a couple system it's much more of a corporate a system and by a corporate a system i mean it's a system where the government controls the workings of the market economy in a sense of deciding who gets to produce what in a sense of putting priorities on economic production beyond the overstep on the individual freedom of citizens in the country so in a corporate the system you find the government interfering in order to save companies that feel under the pretext that they're being too important or too vital

for the working of the market economy that is a feature of corporatists economic system in a capitalist system companies that don't do well get weeded out so the only companies that continue to perform and continue to survive under a couple of systems are companies that have demonstrated some success in serving their customers willingly right in a capitalist system you have both the risk and reward and over the past thirty years or so any united states anyway whenever a bank or a corporation experian. does any kind of risk or any kind of loss they lobby the government to change the financial laws to make it impossible for them to sustain any losses therefore they're not taking any risks they're just rent seeking they're just vacuuming at cash which leads me to my next question the concentration of wealth in america and britain has grown rapidly unequal in the past forty years as .