that a great subzero temperatures to be out here to to shave him that's a pool but today is going to be a more difficult day for today the sun's yes today much of what we heard was from his legal team and this this evidence is all about the nuts and bolts of the legal system nothing about whether it's those easel isn't guilty of the allegations that have been laid at his door and his lawyer dinah rhodes talked about judicial authority whether this swedish prosecutor has the rights to issue this here in the west words under which his extradition is being requested she said that as the issue of the european arrest warrant the swedish prosecutor was party to the case and so therefore didn't have the impartiality and independence that's required to issue a european arrest warrant but today we're going to hear the arguments of the swedish prosecutors team clement gomery their lawyer is going to say that it doesn't matter whether the swedish prosecutor is independent and impartial that the european u.s. wrestler and should stand anyway so today will be the end of the case but we're not

just. for law and as we're talking to you here on out here we're showing a live picture we were just a few seconds ago showing live pictures of inside the courtroom but i must ask you though is this the last chance for a song to fight his extradition to sweden and what would it mean for the wiki leaks founder if indeed the appeal is unsuccessful. well it's certainly his last chance in this country the supreme court behind me is the highest court in the land so this is as far as he can gain here in london if it does go against him in the weeks that followed the ending if this case then there is a chance that he could take it to the european court of human rights in stroudsburg that's by no means guaranteed but i can't see any reason why he would do that having gone this far. however there is a huge backlog of cases that the european court of human rights part may take seven or eight years to have your case heard so this is something that could go on for a very long time it was because julian is under very strict conditions he reports

the police station every day and there are no real that's no real reason why the supreme court here would lift those bail conditions so he's still living a very strange life. and trying to battle these allegations which he has always maintained all politically motivated he says in connection with his work with wiki leaks when it goes they released that huge cache of previously secret documents which embarrassed several governments and also several international business is his main fear has always been that from sweden he would be extradited his feet wouldn't touch the ground yesterday straight on to the united states where many many people hate him they talked about indicting him for treason and all sorts of things like that so that is his main fear that's a very very strange life that he's leading and one that may not come to an end anytime soon all right how he's a laura smith there are live outside the supreme court in london thank you. well the blunders of u.s.

politicians have inspired joke son parodies for decades as the campaign for two thousand and twelve election heats up candidates mistakes are again in the limelight but their critics are not laughing so it is more important i reports some believe the comments made show nothing more than ignorance and disregard for world ever has. three four years america's top job is up for grabs. with each new election comes a new batch of candidates with compromising foreign policy credentials when i ask me who is the president of you becky becky becky becky stan stan i'm going to say you know i don't know do you know i'm afraid that it's a very hard struggle particularly given the situation on the iraq pakistan border you can actually see why russia from land here in alaska africa was a country on the brink on the brink of complete meltdown and chaos geographically illiterate us candidates have supplied comedians with endless material but all jokes aside some presidential hopefuls vying to lead the world's most powerful

armed forces know very little about america's military interventions so you agree with president obama libya or. libya. forming a cohesive sentence on geopolitics can be a struggle i do not agree with the way he did it for reasons. no that's that's a different one differentiating between friends and enemies is also a challenge obviously got to stand with our north korean allies in the case of republican candidate mitt romney mixing up presidents and prime ministers can be common i think the president represents a real threat to the. stability and peace of the world the overarching ignorance on international affairs has caused american political commentator bill maher to conclude i think anybody could be president in this country ok sort of like at this

point now where i think if you're going to be when you register to be a candidate you also have to go take a test about foreign affairs and if you fail the test we might get you one chance to take it again and then i'm saying so. sorry. you know for city council in your little town in alaska if a country with the world's highest national g.d.p. is being represented by politicians with a deficit on international affairs the biggest consequence it is likely to be america's credibility around the world and even who we target and let me finish this i just get lost in a blizzard of words there this is where it gets really dangerous for united states of america it's like wait a minute how could they possibly be right about terrorism how could they be right about north korea are going to be right about iran so-called nuclear program when their candidate doesn't even know that there's

a north and south korea i think the us is why and so then the world has this very paranoid view of the united states because of the candidates not understanding basic facts or understanding basic principles of international law which unequivocally prohibit torture if i were president i would be willing to use waterboarding i think it was very important you know me when i read the consisting streak of foreign policy blunders made by u.s. presidential hopefuls is quite humorous but it can also be considered a national tragedy if most candidates campaigning to be leader of the so-called free world simply don't know enough about the world outside of america's borders. so it's time for the outside world update here just briefly some international news american defense secretary leon panetta says washington will seek to end 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 was cut pentagon hundreds of billions of dollars seven hundred american troops and tens of thousands of local civilians have died since the two thousand and one invasion. court says it all charged the country's prime minister with contempt for not reopening an old corruption case against the president the trial is set to start in just over a week and could see a prime minister use if i was not given money and jailed for six months the court is long dead mother to reopening of the corruption case against president asif ali zardari dating back to the ninety's the government has refused and insists the president enjoys immunity from prosecution while in office. a deep freeze and heavy snow have led to over one hundred deaths across eastern europe sixty three have died in ukraine where temperatures went down to minus thirty celsius and bosnia helicopter airlifted emergency food idea evacuated dozens from

snow blocked villagers the weather is set to stay for another couple of days are tough to katie and the business. thanks farai a radical improvement in the business climate will be the urgent task of the next administration if that if used in wins the presidency in the car prime minister says the country in these to jump from one hundred twentieth to twentieth place in terms of attractiveness for business speaking at the troika dialog economic forum in moscow hicks plays what's that mean in practice. in reality this would mean it would take a quarter of the amount of time to commit to a tricity network it would take an accountant a third of the time to fill in the tax their collaboration a truck would find it seven times easier to get through customs and it will take

a fifth of the time to get permission for construction or strategies based on presumption of fair business practice this means there will be less control and excessive reporting requirements officials should not decide what investors need it should be businesses defining what they require. at the same forum a finance minister alexei could then has also been urging speedy reforms he says without them growth will be kept even with a high oil price. is not ready for a bounce in economic growth for the next three to five years we're lacking some legal stage management and market conditions if the new government decides to improve these it still means a transition period of three to five years then we could be ready for a bounce and a return to growth rates of six to seven percent. let's see what's happening in the markets for european indices are flat after a solid performance yesterday rather disappointing today that's largely because the

greek government is still trying to come to a deal with their creditors meanwhile their creditors are putting pressure on the e.c.b. to join the bond swap being negotiated as you can see investors clearly aren't impressed the footsie is that's negative and so is the dax. and the russian market so they are indeed down at this hour the r.t.s. has been in the red all day whereas the my sex has been pretty much the last unimpressive day in russia. ok let's have a look at the moves on my sex and financial stocks are among the main game is being kept although just slipped into the red despite last year's net profits there were ten are hard billion dollars p.t.b. is gaining under two percent and energy majors are also out the gas from point three percent. and that's all the business for now in the us all from me my

colleague dmitri medvedev back in the next hour though you are caught up day's business news do join him them. the official. from the.

video. feed with the palm of your. machine on the dot com. this is our time for your headlines in the u.s. and its allies and the un security council on the latest draft resolution on syria bush doesn't rule out military intervention or an arms embargo on damascus russia refuses to back the motion for now moscow for now is also against regime change and wants the blame for the bloodshed put on the opposition and the government. of egypt is braced for more on the rest with marches planned to protest the police failure to prevent a clash a found sort of football match that left. china

calling on the country to help the financially crippled of the eurozone also pushing the side but the west on a wrong. time now for the cause report on alt. i'm max kaiser this is the kaiser report there's economics and then there's hope economics. max yes that's what we have all over the world today but economics here's the trickle down hoots book mel gibson temple tries to shake him down a southern california temple took out a jumbo loan on a 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 yourself they 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 bailout 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 affection 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 pollute 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 a tactic the greek people they should say look you know we need them when you bella 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 per cent meanwhile the fact that they are essentially siphoning off the income from greece and these 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 s.s. and 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 you have what's called some some call corporatism but i think we're going to talk about that in the second

half or you could call it quits but i'd like to see much more training on the exchange you know wasn't goldman sachs take a good 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 i think it's in a bull market why can't i buy it but why is the let's call market bring 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 hoots but 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 of 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 except you know when you know the netherlands they practice of it in the paper i love it they say purchasing power and they track

it up and down the never seen any other country tracked in 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 soon will pay no interest all these virtual currencies and global currencies pay no interest it's a gaming currency there isn't it's one of banking system where you put a deposit in a bank in these that is the basis for a loan as steve cain has talked about that's nonsense there are no deposits in any that 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 gross domestic product these be replaced with the 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 drop mark 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 at these

four thousand dollars per year mark and we have a globe of gamers that's the only economy left and casino operators 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 devil form 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 attendees fix economy at davos davus want one hundred fifty trillion dollars davros is a joke city at davos davus. davus

generate a lot of enter not enter the 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 that 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 ok problems that need 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 appended 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 didn't do 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 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 kaiser report they say we're thank so much for being on the kaiser report thank you max doug o. a much more coming why so stay right there. 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 realized everything you thought you

knew you don't know i'm tom harpur welcome to the big picture. imax 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 beef. for last week's davos world economic forum from klaus schwab said capitalism in its current form is no longer fits the world around us larry summers also at devil's 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 new for anybody who looks at what's going on that it's really not a couple system it's much more of a corporate and 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 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 a corporatist 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 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 experiences 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 in britain has grown rapidly unequal in the past forty years as these banks and corporations simply.