and there is a deal now that it's not were german were crazy were trying to milk you dry and steal the elgin marbles but the u.k. already stole them. as international pressure on iran is mounting russia's military has assessed the probability of a western strike against the islamic republic is being high concerns of pending military action grew after israel blamed tehran for two bomb attacks on its diplomatic staff monday and today's blasts in bangkok are he's peter all over as more. the chief of staff of the russian armed forces said on tuesday that he thinks a plan for a western attack on iran could be in place by the summer of this year and he's basing that statement on the fact that since the arab spring started a year ago russia has been monitoring the area of the wider middle east very closely enough to looking at the findings from that monitoring this is what he's

come up with now and this comes just a day after two israeli diplomats were targeted with car bombs in the capitals of georgia and india now the bomb in georgia was able to be defused however in india that car bomb exploded very very close to the residence of the prime minister of india and injured several people now israel was very very quick to point the finger of blame for those attacks at teheran despite terror experts looking at the findings and coming up with saying well that's pretty much no evidence that it was behind those attacks this is all really part of the ongoing blame game between tel of the terror and the iranians claim that the israelis have been behind a two year campaign of assassinations on their nuclear scientists well on tuesday in bangkok what we've seen is a rainy unmanned taken into custody by police after an explosion two explosions in

bangkok injured several people there now it's really media very very quick to point the finger of terror towards that iranian man who's being detained there so this is all part of as i say a blame game that's ongoing between tel of eve and terror on. in the next hour we hear about the pitfalls of the u.s. approach to dealing with iran from brian becker a member of the antiwar answer coalition here's a little bit of his interview coming up. the u.s. says they're not carrying out regime change but in fact everyone who is watching knows that indeed is the u.s. policy to create pressure on iran carry out overt operate covert operations economic sanctions and now these new sanctions are not really even a like the old saying they are saying to the rest of the world if you dare do business with iran central bank if you buy iranian oil which constitutes half of iran's g.n.p. if you have any business with iran whatsoever you will not have access to american

banks to american corporations to the american market this is in fact a blockade. russia's main t.v. channels have come under criticism for alleged pro putin bias ahead of next month's presidential vote a group of activists standing for fair elections says reports about the current prime minister and presidential candidate vladimir putin are far too positive undermining other contenders chances are he's very push cova looks at how election hopefuls are making good use of their allotted air time. oh if i shout out here live here gates i could do so called the most eccentric video in russia's presidential campaign urging to vote for the country's top populist legit enough skin famous for his showmanship and occasional fist fights with fellow. sumo suit that this little mangy donkey has become a symbol of our country the whole country has come to

a standstill like this animal if i become president i will get moving again i less than a month to go and five candidates have blasted the streets with election posters desmond view is with the premis thinker discussions have become part of everyday life that i started to get caught after that during your board i don't course in my race the billionaire businessman make a profit of a promise is their arrival of a new russia president known for his quite riches and playboy past he is the only new face on russia's political scene formally and a tory as party animal his reputation was once dented by an international sex scandal which has come back to haunt him i'm glad we are there to tell it like that with all our body and soul liberal as for the elections will win them anyway you can buy anything so you can buy your victory to shift the remaining candidates out of them in the a crowd united to ban of the old tom communist party leader has always relied on

the pension of voters who form about one third of russia's population now his laurels all contested by siggy middle of the drama for a russia polity isn't enough for the b.s. you can't even afford to milk now whether pensioners because. the competition has made you gonna reach out to younger generation and offer them a brand new slogan there's always a choice you bloody made putin running for his that time has refrained from getting involved in a campaign directly he has controversially refused to take part in any t.v. debates sending. representatives instead and he's promised to never show his face. when he doesn't go to television when he's a part of st politics when he's a part of television coverage of whose job as prime minister he is there is the only one that say the only can do that with so many resources so much media attention i think that he wants to show that he's the only real candidate precisely

by not going there as the campaign picks up steam it's expected so will the number of street protests both for and against putin and it's likely election two thousand and twelve will be remembered as one that got russians on their feet all of a village just being in the polls also show the level of support keeps rolling across the country despite the wave of opposition protests i think that brought us tend to mobilize his core letter because when people like brought her up are saying that you know the social benefits from the cut that factories that are in official because that stage would not interfere so much i think that the message that people get across russia is that like we should keep putting there's even a song and recent online secession praising the prime minister's virtues sung by supposedly. it claims to be by his initials was sent to russia

by god. by now less power than many say this song is clearly too much and is just a club the headaches in the meantime the electoral campaign will be sown with more surprises likely along the way. the school drop party will still make. great americans up next but the business news stay with us here on are today. oh welcome to business here analogy thanks for joining our also the world's largest diamond mining outputs may sell a forty percent stake in an i.p.o. the flotation of the state owned company may take place in the second half of this year demand for diamonds has been picking up in asia and the united states i was his main competitor did beers reported a twenty seven percent increase in earnings for two thousand and eleven the russian

company itself is expected to show a similar growth in sales you evolved from norman's bank says that the stock will be a unique opportunity to invest directly into the diner this. from the company is in no hurry to attract money from the market but probably the i.p.o. for also is a question of which is a chatroom in russia overall the size of that is going to be. one billion dollars it will give you a little sort of floor comparable to other russian metals and mining stocks are usually after a public offering companies are sort of becoming more transparent more will say friendly to the public or all into investor sympathy. well in terms of business and business development something that. let's have a look at the markets now exchange rates for us the euro is trading lower against both the dollar and the do or the ruble bets after being down and early asian

trading due to waiting downgrades by moody's the move by the rating agency also weighs on the ruble which is seeing moderate losses against the u.s. . european markets pulled back in a choppy session and closed in the red bank's minors and drug makers were weighing on the mood investors were cautious ahead of the eurozone finance ministers meeting on wednesday to prove a second paid out for quick. here in russia markets close mixed with the markets pointing up and the r.t.s. heading in the red last. alvey index more was on the bisect look is around one point two percent of the company plans to invest twenty nine billion dollars in field development in the caspian sea by two thousand and twenty five bank reversed earlier losses and that point four percent and truck maker come out with among the main gainers rumors made a deal with dime there maxime shushing call from or else he wraps up the day. the metal sick to his old performing you know essentially from banks are doing very

well selected from the world. continues to do nicely. you know the sentiment in the more could you know that. you know this train agreed to appreciation and move on low volumes disabused will probably continue. and that's the business but you can find most stories on our web site r.t. dot com slash business thanks for watching.

wealthy british style. is not on the type of. card. market why not come to. find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into cars a report on our. resistance is not a politics but a culture.

it's couldn't test. on its own. above. cultures of resistance on march. eleventh or. pm in moscow these iraqi headlines russia's foreign minister voices fears that a repeat of the libyan scenario could come to pass in syria sergey lavrov says a number of alleged incidents could be used as a pretext to justify foreign intervention against the assad regime. russia's military predicts the west might decide on a strike on iran before the summer and tire ronnie in rhetoric stepped up after israel accused the islamic republic of being behind monday's attacks on diplomatic

personnel and today's blasts in bangkok. a fresh wave of downgrade sweeps the struggling euro zone six nations get their debt ratings cut by moody's all while greece faces another further bailout of hurdles from the e.u. despite the latest harsh austerity plan that caused public outrage and mass riots. kaiser report up next stay with us here on r.t. . hi i'm max keiser this is the kaiser report oh what a week according to a court of the u.k. and now refer to nate rothschild as a puppet master and it's not libelous but let's talk about banks and sharks and all kinds of other flora and fauna of the global financial crack down stacy max well the banking terrorists have been causing tear gas and asia in my headlines. is

foreclosure settlement deja vu all over again so this is isaac grad minute lawyer who specializes in mortgage backed securities and he writes today the attorneys general of forty nine states with oklahoma being the lone holdout announced a record twenty six billion dollars settlement with the nation's five largest servicers over false and fraudulent foreclosure practices like robo signing good news right max no no no he looks at the details only five billion dollars of the total consists of cash payments while another seventeen to twenty billion dollars consists of principal write downs and other aid to homeowners at risk of default what this means is that once again regulators have allowed banks to shift penalties based on their improper service and practices on to the bondholders that actually own the loans so for every dollar you make selling fraudulent mortgages you have to pay maybe one or two pennies to the to the folks who pretend to be in

charge of some kind of legal oversight group yes and my recommendation to for example the looters that we saw in the u.k. in london earlier this year just get your brokers license it's a series seven license it's easy to get i got mine in one nine hundred eighty two qualifies you do still and you have a legal license to steal money and this is what people should be doing there should be trying to reform the banking system they should get their brokers license and rape and pillage like the rest of everybody on wall street but again importantly here max the term is a bond holder in this case in the united states case when the five big banks do not own the bonds in that situation the bond holders are shellacked in europe where all the sovereign bonds are held by the big banks bondholders will take no cut so this is what he is saying is that the deja vu in this case is a country. wide because when countrywide the biggest fraudulent purveyor of

predatory fraudulent loans was caught committing fraud they signed a huge hoopla deal with attorneys general at the same time with great fanfare the a.g.'s announced in october two thousand and eight that they had reached an eight point six billion dollars settlement with countrywide and which countrywide would modify four hundred thousand loans what i soon realised was that this would not be a cash payment of eight point six billion instead most of that figure consisted of you guessed it principal write downs and other loan modifications of the credits so what happened is that actually countrywide didn't even own eighty percent of the so-called loads it was mostly hedge funds and pension funds owned the bonds the mortgage backed securities in that case and they were ones that were forced to write down these loans oh it's regulatory arbitrage global regulatory arbitrage so depending on the territory you cheat the markets based on how you're able to

subvert the regulations or lack thereof in any of these territories so the bond market in the europe would require one of criminal activities and the bond market in the united states requires a different set of criminal activities that net all the money flows to the criminal syndicates the bond traders the money managers the rating agencies the accountants like k. p.m.g. or price waterhouse cooper and the regular people get the austerity measures stuffed up their spring training but as you had brought up max not rothschild was accused of being a puppet master and the courts found in fact that the daily mail had justification saying that in this case the puppet masters or whoever they get away with whatever these attorney generals or the law decides so in the countrywide and the attorney general's case with all the mortgage servicers in the united states right now because the big banks are not the bond holders the bond holders lose in the sovereign debt case because the big banks all. holders of those bonds the bond

holders do not lose there are billions hundreds of billions and trillions of losses generated by the shadow banking system in trading these bond markets in different territories around the world any time anybody loses money they stuff it into a passive country like greece that's too weak to revolt or portugal and those people are stuck with the losses ultimately and we're going to find out what happens when you totally disenfranchise an entire country whether or not those people will take arms or not we'll find out now in the countrywide case so again why it's deja vu is that at the time politicians could argue well we had no idea about mortgage backed securities we had no idea that the banks actually didn't own it that in this case countrywide well there was a huge lobbying campaign all of the connecticut hedge funds were went to washington and said hey you can't force us to take a write down on these because we have a contract with countrywide that says they won't renegotiate it well the banks the

big banks response to this hedge fund bondholder campaign was to begin a massive lobbying effort that led to the passage of the service safe harbor in two thousand and nine a provision that in its original form said that banks could ignore its contract with investors in the interest of public policy that exact term did not pass in the final bill but this is what banks want so remember when they claim all the time that our contracts are sacrosanct they are actually lobbying politicians to say the contracts are not sacrosanct if we lose. as we've been explaining on this show any time a bank gets near having to pay off a bad bet that they may or gets caught breaking the law they try to get a new law passed this is what i was told when i was working on wall street break any law you want we got lawyers that was the monta. when you work at

a firm like paine webber or oppenheimer or alex brown as i did for many years just break any law you want we got lawyers and that's the montra and you see this all the time if that doesn't work then they put a gun to the market said they use high frequency trading and they crash the market as hank paulson did in two thousand and eight to weasel seven hundred fifty billion out of congress using financial terrorism well you're argument there that you're allowed to commit crimes and just do it we'll we'll deal with it the lawyers say that at these banks the top twelve reasons you should hate the mortgage settlement this is from the smith a naked capitalism and she says we've now set a price for forgeries and fabricating documents it's two thousand dollars per loan it is less than the price of the title insurance that banks fail to get when they transfer the loans for the trust it is a fraction of the cost of the legal expenses when foreclosures are challenged it's a great deal for the banks because no one is that any of the servicers going to jail for forgery and the banks have set the upper bound of the cost of riding

roughshod over three hundred years of real estate law well let me tell you a little to give you some perspective on this back in the one nine hundred seventy s. i was working as a magician in times square and i used to observe the three card monte dealers you know they have the three cards like this follow the red payson the head. now the thing about the three card monte dealers is when they get some chump in there some tourist with a wad of cash and they take all of his money they always let him win the last hand like a couple hundred bucks after they fleeced him for a few thousand why because that mentality the psychology of the person the chump is that they quote unquote won so here you have the same situation they have to pay a few bucks to to appease the the people who are on the brink of lighting them up and sticking a pitchfork in their skull but in the minds of these people they're thinking we won . not taking on board the fact that they are huge losers it's all very

psychologically programmed and it works very it's the con game and the rules of the con game are well known and established and this is a con game well exactly as i said grad man and eve smith point out this twenty six billion dollars deal most americans are going to look at the t.v. and say well gee that's a huge amount god we really stuck it to those banks but they both point out that only five billion is coming from the banks the other twenty one billion is mostly coming from fannie mae and freddie mac. which you the taxpayer watching that own. this. austerity in the united states as we say austerity in europe austerity as it's playing out in europe is coming to the u.k. first the camerons u.k. is collapsing and then it'll move to the u.s. let's move on same as it ever was the federal reserve secretly selected a handful of banks to bid for debt securities acquired by taxpayers in the u.s. bailout of american international group so apparently

a lot of guys are upset about this actual you know capitalists on wall street because they say quote the exclusivity by which the process has shot out smaller dealers is a little un-american it seems odd that if you want to get the best possible price that it wouldn't be open to anyone who wants to be the most competitive bitter says david castillo head of sales and trading a broker further elaine securities so as it is the new york fed chose goldman sachs credit suisse and barclays to be the only bidders and a close deal for these ai g. bonds quote the central bank switched to a less open process after traders blamed the regular more public disposals for damaging prices and twenty eleven max you created the virtual specials technology what does transparency do to prices would make it impossible for goldman to play the role of the pope along with the federal reserve and allocate favored pricing to their bodies as a poor part of a people indulgence and we saw that in the middle ages so no fair competition real

competition that's long gone but exactly but like we said contract law is sacrosanct when applied to banks it is a terrorist act when applied to the population competition is bad for prices according to goldman sachs but as it's the only thing that you can live by but you know goldman is duplicitous by definition they call market making their version of market making is heads we win. tails you lose. well speaking of deja vu here some images max from athens is that from two thousand and nine two thousand and ten two thousand and eleven or two thousand and twelve can you tell the tour gas by any other year is still a sweep again the deja vu greeks approved tombstone austerity deal with troika so we see over and over there's a great deal there is not a great deal there's a great deal there's not a great deal you. on again off again there is

a deal no there is not were german we're cruising we're trying to milk you draw in still the elegant marbles but the u.k. already stole them but of course this is they already know the foregone conclusion whatever it is the banks the same ones that won in the attorney general case in america the same ones that won and the countrywide case the same ones that win every single time will win this time here's a headline from rick told stop calm i thought greek dramas concluded at some stage well i responded to that in a tweet i said i'm pretty sure the greek drama doesn't end until papademos has sex with his mother or in this case his mother to a. very clever max you studied greek tragedy at university and i did i played the dead guy in production of stuff anees the dead bankers. well i have

a final poster here max debt wish he's back in new york bringing justice to the bankers that looks like you well this is a fantastic project umpire of my film dot com legal piracy site that's me playing reprisals are all made famous by charles bronson in death wish or famous movie from the seventy's where he goes around and kills criminals vigilante style here i'm going to go after this film of course bankers in new york vigilante style and cut them down shoot them down in cold blood in broad daylight so that's the theme of the movie you can support. i going to pirate my film dot com and reserve shares today say sarah thanks so much for being on the kaiser report thank you max don't go away much more coming away so stay right there.

the official placation phone only pulled touch from the top still. life on the. video. team's mind ruled comes. a sense feed now in the palm of your. question on the t.v. dot com. i maxed out your welcome back to the kaiser a part time now to go to upstate new york and speak with james howard kunstler of consular dot com james as an author blogger and an urban architect james welcome to the kaiser report nice to be here max all right james counsellor

a crony capitalism mortgage settlement deal has been reached to bail out the banks via the backdoor yet again your thoughts it is just amazing how they not only never run out of tricks but how the american people never seem to tire of being snookered among other things they've snookered the new york state attorney general into leading a task force for. in his state of the union message president obama announced he was forming a task force to look into mortgage fraud and he appointed the new york state attorney general eric schneiderman and the fact is we have a department of justice and a united states attorney general who he may be leaking sawdust as he walks down the halls of justice i we're not really sure he's a real human being because he hasn't done anything in three years but the fact is they have a criminal division and they have done nothing to investigate mortgage fraud or any

of the associated shenanigans for the entire obama term so you know this is just really a new set of smoke screens to perpetuate what is coming to be a a just. tremendous control for odd but what is it in the american character that makes them feel good about getting screwed my own theory is that american life is just so frantic you know with people struggling very hard to make a living and being distracted by every kind of you know electronic message and show and program and entertainment conceivable that they're just you know the cognitive dissonance the collective noise in our brains is so immense that we can't really reflect on anything that's happening to us however of going back to some previous conversations we had where i scolded you for making revolutionary remarks and i'm beginning to wonder whether we're going to get.