this is how we found me and co praying in his tiny tellin apartment no electricity no gas no court water what. if it wasn't for the help of various people i would have died from hunger or frozen to death the last time i took a bath was on christmas eve you know we expected more because six years ago after his son former f.s.b. officer alexander litvinenko was poisoned in london he was taken care of by some very powerful patronize like self ixil tycoon raised result ski and i have and a tourist former chechen militant both hiding in the u.k. . three of them we brought. yet you get extremist you know which of dorset there is just give me a you're pretty here doris you would be. the one vital you to namco sent

a letter asking to be interviewed by russian television we expected more of the same but instead. we're going to let you move out immediately if you're watching this program please forgive me for all the slander that i said and wrote about you for all the hatred i had for you if only i had known my son worked for british intelligence i would not talk about his death he could have easily been shot as a double agent betrayers should be shot what else can i add to this. the u. turn voters says came when his son's we doe marine ali bin and co revealed to the british media that her husband had worked for m i six further details followed when a newspaper launched its own investigation i was on the live in yonkers who's receiving a retainer of around two thousand pounds a month from the british security services at the time he was murdered it's understood scarlett's now the head of m i six one is based in moscow was involved

in recruiting him to the secret intelligence service. at first by truly thin and co like many others claimed his son had been poisoned with polonium two ten on putin's order the former apis the officer and fierce critic of the kremlin alexander litvinenko spent twenty three days in a london clinic slowly dying from a toxic substance possibly consumed through a cup of tea even before police in london started questioning suspects the victim's father was actively key using the russian government today by their at me it's he was saying only what the west wanted to hear. of course i realize russia's f.s.b. are not idiots enough to take polonium to london sprinklers over some heads and leave traces everywhere and their suspect and they look a void is not a fool either it was anger and blind hatred speaking inside of me. viger now believes his son fell victim to his own game of double agents now he wants his

words to be heard but the media outside russia which once beat down his door for interviews now won't even reply to his requests. and why. because they like it when i scold the regime i was a real treasure for them well there are very few people who would say as many horrible things about putin as i did. in two thousand and eight but the only thing young colfer what russia for sanctuary needs something is settled in the sleeping quiet town of sydney got it over to new anonymous life the man claimed putin was his number one enemy so hiding in europe he believed was the only safe solution today was the only opinion ko is still afraid to open this door not because of putin though but because of his landlord to whom he owes a lot of money this miserable life has made him a slave of his sanctuary. like they really do need uncle sold everything he had in

russia to come to italy he opened a small business several years ago but it went bankrupt things got worse when the seventy three year old had buried his wife but her now fears her casket could be removed because he hasn't paid the coast of a burial plot and it's been months since the electricity was shot over to his flat he's lost forty euros went on a gas canister and that is gone to you this is how i warm myself if there was talk i open this door to let the southern wind inside. there is east and there is russia oh my homeland do you prefer. to go to i want to go home to russia. i don't want to stay here. in the great show of r t city guy eataly hour at

a time after the business news with dmitri. i don't welcome to the program a radical improvements in the business climates will be the agent of the next administration and wins the presidency and much speaking in the troika dialog forum in moscow the prime minister says the country needs a jump from one hundred and twenty of to twenty of place in terms of its investment climate business the cost of. it sounded like a school records a private student marks a bad must try harder not amir peretz and highlighted once again that russia has a lot of potential but it is failing to get the results he said mostly understudies place the country in the top five in terms of its potential to get more investment but in reality it's investment from the places russia in the one hundred twentieth position something he called

a shameful that he said that russia should become the technologically of the facts and not only when the cops are in the bush he said others see a different culture over business consumption and that's what we as an example you mentioned creating an energy revolution which would be followed by a drop in oil prices and other hydrocarbons and one of the other changes to promises is setting up and but some men do with their responsible to protect their eyes on superman or it's not just foreign investors and he couldn't help but mention the situation that is all rattling around the world and how it's affecting the country he's complained that excessive government that in the us and europe pose a real threat to the global economy particularly for the major exporters in the emerging markets and europe that by saying that the next ten years would see a transformation of the global economy which would see the emergence of financial centers and goes up to miss that that russia would be part of those. the russian

government is ready to buy back shares in the country's second largest bank d.t.b. for minority shareholders who purchased the stock during an i.p.o. in two thousand and seven the government adds that it will do its best to ensure investors do not make a loss the list price for the shares was thirteen point six copecks they're currently trading at around seven the head of d.t.b. estimates the cost of the buy. there are around one hundred fifteen thousand minority shareholders in bt bank in order to pull back shares of around one hundred two hundred ten pounds and minority shareholders will need some fifteen to eighteen billion rubles. look at the markets in the u.s. stocks opened flat to positive after the u.s. labor department reported weekly unemployment applications for them by twelve thousand. over in europe indices also turned positive after news from the united states and also the greek government still trying to come to

a deal with their creditors who are putting pressure on the e.c.b. to join the bomb squad. in a rush the markets and the flat to positive third consecutive session of. may movers on the my six of course include the bank which slipped into the red of the gaining a lot over the past couple of sessions and d.t.b. obviously was gaining three percent at one point ended the day one point two percent up after prime minister putin said a buy back from minority shareholders is possible and energy majors are also in the black with gazprom gaining one percent. to exchange rates now the euro is continuing its recovery versus the dollar now losing by just a north european union official says the block has asked the euro zone to help provide an extra fifteen billion euros for debt ridden greece whereas the ruble has strengthened versus both sides. in other news the world's largest publicly traded

commodity supply of land cause a merger talks with another mining giant xstrata over listed in london blanc already holds thirty four percent of xstrata which is very the first five billion dollars if the tie up goes smoothly the combined company will have a capitalization about eighty billion dollars and would be the first largest mining company in. their problems in the e.u. have spurred concerns over financial stability in a number of other economies including russia's around half of the country's turnover depends on euro zone states but the head of russia's biggest lenders burbank believes better times are around the corner. we do most of europe we see that europe is already in recession and it has an impact on russia we see that we currently have relatively low growth rates but if your p.r. problems don't significantly worsen i would avoid saying that it would have any serious negative effects on russia we would likely have some modest growth which is a good sign in such a difficult time. all right that's it from the business team for now we will be back next hour in around fifty five minutes time with nothing else either.

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headlines. by. the father of a former f.s.b. officer poisoned in london six years ago says he was mistaken when he accused of. being responsible for his son's death we get the first story from alexander litvinenko. the german leader takes. to the east and she tries to convince china not to write off the e.u. . also urging beijing support for an oil embargo against iran. that moscow promises to. stop selling to syria saying weapons will still reach

opposition groups from abroad despite any embargoes. because reporters next here on out. i'm max kaiser this is the kaiser report there's economics and then there's hopes but economics stacey max yes that's what we have all over the world today but economics here's the trickle down hits 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 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 i 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 taxpayer to bail them 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 commissioner and now an education minister in the greek government slammed the idea as a product of a sick imagination well this is another gives an attack to the greek people they say look you know we need them when you bella give us a below 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 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 the second half or you could call it quits but i'd like to see much more traded 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 i think it's in a bull market why can't i buy its books 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 you know when you know the netherlands they tried to save 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 kean 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 gaming 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 these be replaced with the go 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 and 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 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 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 attendees fix economy at davos davus want one hundred fifty trillion dollars davros is a joke city davus 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 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 ok apple is in

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 but if you look at what append a first 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 in goa 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 are thank so much for being on the kaiser report thank you max the go way much more coming why 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 show.

more news today violence is once again flared up. these are the images. from the streets of canada. showing hope for asians to rule the day. i 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 devil's claiming we need to reform capitalism your thoughts what are they going to agree with them the world 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 capital 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 the 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 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 these banks and corp.