all gold and they're. going to do that in a moment pressure on greece's recession stricken economy has intensified after international debt inspectors admitted an additional fifteen billion euros would be needed to fill a newly discovered black hole in the country's finances yes well we've been saying on this show for moms if not years that the game being played at the bank or level is that they put a gun to that of the government is there any more bailout money and then a few months later they say oh look we found another trillion dollars in debt we need more bailout money and this is recycled repeated recycled again and the amount of debt in the black hole of debt will never subside because the bailout money used to try to equalize the effects of the black call of debt is in fact himself more debt ipso facto the debt is only going to

increase the only thing different is that the words coming out of the duplicitous horrendous psychotic newscasters and bankers that you see in the mainstream media is that they confuse debt with equity well regarding greece you know its on off on off strikes violence all over the place i know you're going to be speaking. in the second half further about that but so let's move over to the united kingdom. we've still got a few quid then the bank of england's glittering stash of one hundred fifty six billion pounds in gold bars stored in former canteen under london yes according to the daily mail max cash strapped british people will breathe a sigh of relief when they see these impressive treasure troves despite the financial crisis it seems the country still has some money left in the bank of england's

vaults underneath london well this is such a incredible law i think not of the financial press to maven report this and to all seriously because it would mean the u.k. as the second biggest gold position in the world four thousand six hundred tons they claim they found at the very very very very very bottom of the article they do mention but sadly not all of it belongs to us some is deposited by foreign governments as well as our own it's a complete farce i mean we know that most britain has three hundred tons of gold a gordon brown sold three hundred tons of gold when the during the period of the effects of the euro and britain would love to have four thousand tons of gold because as we enter this period of global currency war those who have the most gold are going to be the big winners like germany for example well speaking german gold one thing you have discussed with jim rickards is this notion that the united states could just sees all of germany's gold because germany doesn't actually keep

most of their gold in their own country they keep it in new york or over at west point so. is this just like a test the water is maybe you know the bank of england is saying hey look we have four thousand six hundred tons of gold how do we get it pretend amnesiac that where they came from yeah i think they are testing the waters to say if anyone claims that if anyone steps forward and says wait a minute that's our goal you can bet as well it took all of its gold back germany obviously is exposed they have sixty percent of their gold is actually held to the new york fed so this is leading up to get out of this currency war gold is the central pivot around what's the global currency wars fought speaking of the bank of england there in the next headline bank of england to print further fifty billion pounds so the bank of england's monetary policy committee is set to announce today that it is expanding its quantitative easing program from two hundred seventy five billion pounds to three hundred twenty five billion pounds so even that fake gold

the hologram they presented in the previous headline that's worth half of what they've already just printed but all the quantitative easing so far quantitative easing one quantitative easing to quantitative easing three it hasn't produced any inflation it hasn't produced any job growth it hasn't produced any real uptick in wages i mean there's a big controversy in the us about the latest jobs statistic and whether there was an increase or ending crees of the testicle number of people with a job or without a job which is nonsense moot point going nowhere because the bottom line is that the wage real wages are flat to down so who cares about a monthly statistical anomaly from the b.l.s. bureau of labor statistics who are notoriously incorrect and false in their reporting to begin with the but here you have a situation of more quantitative easing which is more debt which means that the british economy will contract it's going to contract because you're adding more debt but they don't want to call it debt they call it. money they call it equity

where it's just more debt so it's a psychotic a suicide mission you know. this country needs you know what this world needs we meet remake that movie charles bronson deathwish with a guy a vigilante who goes after bankers that would be a fantastic movie and i wouldn't put myself forward as a storing in that film and being the charles bronson character hollywood call me i'm going to do this film for scale oh i think it's coming out of the black hole that hex r.g.b. anarchy has come up with the film just like that here's a little clip of you confronting timmy g. hanky p. we're going to going thing there is. a horse we're very. close i agree one has.

to do many. yes ok that was charles bronson and a sergio leone western spaghetti western then bronson went on to make a death wish series which i like to be in a death wish moving mass geyser in the charles bronson moving stalking bankers in new york with a big prick and gun. well max you did confront mervyn king their bank move could make pensioners poorer savers on the verge of retirement are facing the prospect of becoming permanent really poorer as the bank of england prepares to expand its program of quantitative easing otherwise it is q.e. by fifty billion pounds this week so

a person about to retire will be hit by the banks who because the value of a new eighty's ball on retirement is based on returns from u.k. government bonds called gilt these investments are bought by the bank during the easing process thus driving down the yields the phrase permanently poorer stands out all the quantitative easing program so far have failed and stoking growth and wage appreciation they have made a few bankers extraordinarily wealthy they would like to increase the rate of wealth transference from the many who will now become permanently poor to the very top one percent of the top one percent i submit to you that this is neo feudalism this is feudalism how did not been for the black plague we would never would have the middle class to begin with if you recall your history this is why lords paid the peasants a few extra bucks because they have been wiped out of the plague well now their

lords want to go back to the fifteenth century or the fourteenth century and say you know what we're back in charge forget the middle class it's all about indentured servitude and being permanently poor. well dr ross alben director of saga of the over fifty's group says that savers retiring today are being locked into a lower pension for life becoming permanently poorer because of the drop an annuity rates q.e. is supposed to provide a temporary boost to the economy but we need to find less damaging ways of providing such a boost so dr altman is suggesting that instead of right now the bag. england is going to the middleman the bank stores giving the banks here's the money and saying here banks go give it to all those peasants out there and they say it's about that so if they really wanted that however why don't they just why doesn't the bank of england actually just give that money to small businesses and small business loans it goes part and parcel with this whole the way we have knew of feudalism runs on

tollbooth throughout the economy that are handed these these cartels are handed to certain select elite connected to the king in this case literally connected to mervyn king so these guys whether it's hollywood or goldman sachs if they are the middleman between the king and you the peasant it's a very profitable business so they're arguing about what's the most humane way to euthanize the middle class and poor they think well you know if we drop their heads off in the public square that's a bit too harsh so we're going to give them the needle instead which is quantitative easing or financial or pressure well speaking of central banks max facebook has filed for an i.p.o. and i want to turn to this headline here is facebook a central bank to edward castronova a telecommunications professor in indiana university says he's fascinated by the rise of what he calls wildcat currencies such as facebook credits facebook's

build up of credit suggest more than just some minor dalliance facebook already takes payments for credits and more than forty currencies ranging from the euro to the vietnamese dong exchange rates are just a daily it probably won't be long until some economist tries to calculate the inflation rate money supply velocity or other traditional dimensions of the facebook economy now max you are the world's first virtual central banker you are doctors zero say chess set so what are your thoughts on the story that's absolutely right this is a virtual currency then you need a virtual central banker to deal and the monetary policy is. all affect the virtual the economy but this is basically inflationary on the one side of the equation but the net result will be hours and hours of loss from the productive economy from people wasting time on facebook so in a way it's a net deflation because although you can flood the facebook economy with more credits the net result will be people not working but wasting time so it's

a way to increase the deflationary trend by issuing a credit stop back by debt but it's backed by wasting time this is the first currency well not the first i create the first one of course back in one thousand nine hundred six with a hollywood dollar and the central banker but this is a currency backed by time wasting well finally on this headline max is the currency traded on facebook and the question i think is answered that when facebook filed their i.p.o. market in his letter did say that his ngo was crucial to the success of facebook zynga soared sixteen point four percent and then two and a half percent in the after market on the news so i think it does answer the question whether or not facebook is a central bank thank you so much stacey harbert obvious speaking with yanis varoufakis after the break the greek economist. should be a fantastic thank you thank you ranks go away much more coming why stay right there .

welcome back to the kaiser report max keiser time to go to athens greece and speak with a catalyst professor and author dr yes vero fake yes yanis

welcome to the kaiser report thank you it's a delight being here ariana's here's the headline no we formed no bailout what's the latest drawing on in the greek belov drama up well it's half it is simple story this deal is. going to fail just like the previous one in may two thousand and ten because you have it into the wooded state and you keep piling you debts on it. on condition that the these countries need to shrink its national income which was theirs would have to be based closer and some point the german taxpayers have had enough and this is the problem the germany and the german political elites. and it kind. of the german elected and all these drama announcements is completely besides the point it seems like a case really a financial sadism in other words there are

a number of ways to extricate greece from this problem one would be for example to prosecute the bank the banker so frauds that lay god grace into the air out to begin with but none of the obvious solutions are being pursued instead they're going down the path very slowly. beating greece to death in a very sadistic way is it the i.m.f. now christine legarde is it just a case of sadists. having fun with grace is worse than that might think it's a case of subtle masochism you always need to do with greece is to allow it to default to face the truth of the it's a bankruptcy. and then to find out what to do about the banks and who got it allows them if they want to do that but of course you know doing this because it could be delays ation legally speaking means that. the current owners of these banks will see their holdings their shareholdings of being looted by the european

state and so they're about the bankers don't want to hear of this they're receiving free money from the z. and from the dark spears of germany and home in zones of wealth so that germany's leaders of that effectively dug a big hole for themselves and if live fall in it now of course the people who are actually suffering in terms of. basic human costs that is hunger and. just genuine human heart other people in the deficit countries greece being the worst but there is no doing much better in spain portugal ireland. and this whole process this simply is spiraling out of control right and the average person grace is having their their minimum wage cut by twenty to twenty

five percent currently at seven hundred fifty euros per month down to six hundred euros per month so this is just they're scapegoating the average person right just again on their status i'm saying they. are just basically committing kind of a financial genocide for for far right. it's not all fun from their perspective if a benefit for anyone for sure but from a perspective mrs merkel has a very important task ahead to survive until the of the federal election and to have her coalitions of life she would need to do to give greece's the government the bailout loans that then the government passed on to the banks. now she has because of the members of parliament in the volatile parliament and she needs to convince them that there's nothing be done but you can't come out and openly say that this is all for the benefit of the banks so she has to count who is in the language of silly doubt now the german taxpayer doesn't want to try to sort that it

was a case so they only will blockading the german. members of parliament and the elector of the present is basically look watch those gigs suffer again if they suffer sufficiently then perhaps we should give them some money so the whole point of reducing the minimum wage from seven hundred to six hundred views and i mean there is no my group can only emotional whatsoever it will this is the only point of blues used to demonstrate to the german members of parliament particular of the ruling coalition that look the greeks are bleeding so no let's give them more loans when of course those loans little bits of the gigs are meant for the banks ok so merkel to play to her constituents but it is going to continue to believe the greek people that they are physical visibly. suffering because this well then. appears her along all constituents that she's doing all she

can to it. act of horror find as a horror to these great people now last week paul thompson head of the i.m.f. mission to greece conceded that social tolerance of political support have their limitations and of course this was before the home of great president was here with a molotov cocktail but your thoughts on thompson statement pull thompson is a tragic figure he's here's a blue presented the emotional monday from. and his script from which he has to decide his lines was written by joe joe he has effectively subcontract of the i have into mr johnson in particular the task of imposing not degrees these days the measures the believe is the sample but the i.m.f. doesn't believe it is the measures so this is christine lagarde is making some quite notable and interesting speeches that are going against the kind of

medicine the greece is applying to the patient and his mrs domes and between those two. places endeavors mindsets one is out of it of his bosses in washington and the other is with the german leaders it which is contracted mrs domes to effect policies of this of don't knows are quite poisonous not only for greece but more generally floor of the global economy ok now this is that are saying they other bureaucrats in brussels have just found another fifteen billion euro a black hole greece. this seems a very caring same how many more black holes do you expect to be found in great financial universe before it's all over it really depends on whether germany is ready to let the eurozone go germany has not.

decided that it wants to reconstitute the dodge market get out they're going to be blocking the black holes. with more money either many did by the e.c. b. or gallon the loans from the german taxpayer greece is neither here nor there it is not significant or important enough to worry about the state of its of its micro accounting national accounting or indeed of the real economy of the. so should greece have ever taken their first i.m.f. loan bailout package or less i've made myself in credibly in this country when in april to may two thousand and ten i was i was gauging taking the bailout loan was the equivalent of collective suicide and these would constitute one of those instances in world economic history that would be taught and of example to be avoided in economic developments for the next hundred years how about the.

oil iran or oil embargo going to greece the same as like really another for us mistake or what are your thoughts alice the prime minister of a year or two years ago mr george papandreou who was going to school for getting us into the bailout mark one disaster nevertheless is one thing before that happens which was quite ahead of its time and i think correct he said that if we are ever to fall into the bosom of the i.m.f. and the european union we need to lose our national sovereignty and this is precisely what has happened greece that is not in control of its fate anymore not through sort of these a thing of the past until and unless some new greek government. simply say no to the bailout loans that are being offered to the greek socialcam right now most

germans according to our poll last weekend while greece still leave the euro. greece leave the euro or germany leave the. where you know it's a we're not been you pull back in just before the industrial revolution and people were asked whether they want the industrial revolution. most of them would have said no that didn't stop the dust of the regime similarly even of all the. you know all the greeks want greece out of the euro and go. let me inform you that most greeks would like to get out of the euro now we've had enough we're being treated like the brightest of the euro zone. is immaterial this is that card is who should never have entered into neither us nor the germans for that matter but tragically it is a guarantee that once you enter you cannot escape. if we get out of it we are not going to return to where we would have been had we not constructed it and of

instead the way that this currency has blocked our economies together that it has created this because kate of insolvencies we did banks and states if greece pools outlets they were thrown out of the whole edifice will collapse germany's going to end into a huge recession and the rest of europe is going to be. you know an option of the conflation so i think that we're again we're we're between a rock and hard place. the only. part of that would be minimized somehow the human cost of it all would be one of the xining of the year and they need back from what are called bankrupt or currency and putting it in the service of europe savior saying that despite the crisis greece is still buying weapons they're still spending on lots of money. it's kind of interesting for two reasons number one they're really our money to buy weapons that. if they really

want to fight the war they should be buying fire weapons like they should be hiring financial lesson areas to attack germany with credit default swaps if they really wanted to be on a level playing field and try to fight for their survival but isn't this buying of conventional weapons again another piers waste of money by greece it's worse than the users humoring the gringo and this is surprising not to do it it's not it's being pulled by germany what to do if you eat if you look. the purchases the procurement of weaponry. constitutes a very large group worth of german exports and in one sense you know germany's saying well i'm giving you the money and i'm going to tell you what to do with it without the money because greece's debt and also the sort of the german industry so it's quite interesting the hospitals are having to do with a. little. more sophisticated instruments to fly disease

the minister of defense is not given the opportunity of counseling the order for german tanks and submarines ok well there are many is going to look like they're going to pick up a lot of nice beach front property on the cape that's all the time we have. yeah that's traffic us thanks for being on the kaiser report thank you max and that's going to do it for this edition of the kaiser report with a geyser and stacy herbert our guest dr yet as traffic as if you want to send me an e-mail please do so our kaiser report at r t t v are you what all the guys are saying. the world with. its technology innovation all these developments around russia we've got the future covered.

the violence in syria escalates but the world is left guessing about what's actually happening as opposition forces offer contradicting claims over just how many people are dying. the e.u. gets the shakes over its own embargo honoring oil as officials express concern europe could be in the loser. pakistan's foreign minister tells r.t. that america's drone strikes are pushing new recruits towards their regions militant groups as a new report claims scores of civilian deaths of u.s. led attacks. rising coming to you live from moscow i'm marina joshie the u.n.

says it plans to team up with the arab league and restart monitoring mission and conflict torn syria that follows russia's ongoing calls for the international community to support moscow in efforts to mediate a peace deal in syria government forces are shelling several areas including the flashpoint city of homs damascus at its conduct and a terror operation there but activists are accusing the government of a massacre and say hundreds of civilians have been killed over the past week syria is under a foreign media blackout making their reality on the ground hard to confirm and the opposition is making that an easier as it argues over just how many people are being killed ivor van it has more. from the syrian observatory of human rights it's one of the most widely quoted sources of syrian casualty figures but it's not always telling the truth and i knew what the syrian observatory for human rights has left several media outlets coaching full soon from a should is to rivals falling for the same name the original group.