photo this is of course lloyd blankfein with the twinkie vest lloyd's getting ready to go his twinkies are wired to blow is been wont to inflate bill silver detonate true terrorist c.e.o. . my hair standing on end but i'm glad to see this finally there's a recognition that lloyd blankfein is a financial terrorist and that the act of threatening to blow yourself up and to throw up of the economy or to throw all of congress blow mob for a candidate for extortion every purposes and having the result of austerity measures of people die innocently and the civilians because you're in bed of the military industrial financial credit complex is terrorism terrorism terrorism those who terrorism if there is a need to put terrorists in a lynching to pounded to beat up to the edge of the law is sort of on fire burn a bit of an electorate just stabbed to death and would like what qualifies them we should do it now let's look at a nation where they confronted the likes of lloyd blankfein icelandic anger brings

debt forgiveness and best recovery story icelanders who pelted parliament with rocks in two thousand and nine demanding their leaders and bankers answer for the country's economic and financial collapse are reaping the benefits of their anger of throwing those rocks fitch ratings last week raised iceland to investment grade with a stable outlook and said the island's unorthodox crisis policy response has succeeded what was the an orthodox response not x. what anger but that's not an orthodox anger is natural anger is to be expected but it's also the actually what fitch is saying is an orthodox response is not compared to lading to financial terrorists not. going to ben bernanke he not accepting that flooding the markets with money to cover their toxic fraudulent assets it was a correct response so they benefited from their anger toward bankers which included

throwing rocks at bankers they benefited now their economy is upgraded by these rating agencies there are growing unlike these other economies like greece well businessweek goes on to say people vs markets iceland's approach to dealing with a meltdown has put the needs of its population ahead of the markets at every turn once it became clear back in october two thousand and eight that the island's banks were beyond saving the government stepped in ring fence the domestic accounts and left international creditors in the lurch the central bank impose capital controls the whole thing ensuing sell off of the krona a new state controlled banks were created from the remnants of the lenders that failed compare that max to ireland but the arlon or to america or to the u.k. they didn't ring fence to bed terrorists and they just simply let the terrorist take over the economy as a whole amount after nine eleven the terrorists who were responsible decided thank you we did a great job no we want to run your government and the government but here we are

terrorist when the government in the case of two thousand i think paulson lloyd blankfein terrorists they destroy the economy and what obama say we love terrorists please when our government for us we bend over so i could kiss you on your book lloyd blankfein your job over and over in iceland did another thing max and that's debt forgiveness since the end of two thousand and eight the islands banks have forgiven loans equivalent to thirteen percent of gross domestic product easing the debt burdens of more than a quarter of the population according to a report published this month by the icelandic financial services association well look we were in iceland there before we told him this is what they should do they followed our advice the words to gratitude iceland about making me a citizen of iceland ok that's a. you can do country greece you can take my advice even took my advice in greece you mentioned there's plans to jack them here is a country that refused to oust the financial terrorists or in fact they tried to

but then lucas papademos as a former goldman sachs crony who is parachuted in there and of course germany drawing up plans for greece to leave the euro are the headlines this week well they're just going to grind greece down to dust but i don't think technically i don't think they're going to leave the euro i think they're just going to grind down to the point where it doesn't really matter whether they stay or leave that window of opportunity that iceland faced and met because the people have the intestinal fortitude to stand up for their sovereignty that trust was presented to greece and they failed the test you don't get to take the test again you failed the test now you have vassal state and start eating wienerschnitzel because of the civil aki it's all over my stock of finished brought worst today so let's look at the other nations our whole entire global system outside of iceland is still negotiating with these financial terrorist traders suspended in growing scandal of

manipulation of rates which determine how much we pay for loans and mortgages the entire global financial system the heart of so-called free market capitalism as we know it regulators are investigating allegations that banks have been manipulating crucial interbank lending rates which help determine how much we pay for mortgages and loans the rate they were manipulating is called lie bore which is the london interbank offered rate set each day in the city it is a benchmark for the cost of borrowing and is included in millions of financial transactions and contracts around the world they reckon that two point three trillion pounds are tied to these libel rates no no no no three hundred fifty trillion dollars you see. everyone's familiar with the united states of america's federal reserve system and the creation of the interest rates that is the basis for the various products that are tied to interest rates including mortgages but that's on a fifteen trillion dollar economy the u.s.

economy and by extension other related economies because it's the world reserve currency but much bigger of course is the libel rate and what's called the thai bore rate which is done in japan three hundred fifty trillion in size these traders were trading on inside information front running insider knowledge that because they set that library every day that rate upon which all meant some market as you point out that's contempt of free market it's commander control central planning market by bureaucrats technocrats and terrorists remember bin lobs not that he hasn't been there and he's in why doesn't do europe with ben bernanke you know other central bankers pulling the trigger and killing people. killing people they kill people and you know but i was so large it is a huge. situation in terms of this manipulation that is leading to revolution and iceland successfully met the terrorist attacks because the vikings on the vikings and the americans in the british people are centrally. losers actually i'm

going to go a little bit into an explanation of this libel rate to show you how much of a poll of bureau it is so each day the rate is set in the city of london a panel of banks are asked every working day to give a figure for the rate of interest they would expect to pay to borrow money from each other every day at eleven am each member gives a sense or the answer is not based on any actual borrowing but it's supposed to be an expert assessment of the market price the quotes are compared and the top and bottom quarter of the range are excluded in an average is calculated from the remaining estimates and the library is managed by the british bankers association if you know the answer to the equation you can trade ahead of it front run it and you make money without taking any risk and they discovered that this multi hundred trillion dollar international financial market is being traded by the inside information by the same banks are not owned by the people in the again it's in london a.i.g. london lehman brothers london bernie madoff london the light board scandal london

david cameron why do other terrorist ok you think murdoch is slime ok he's nothing compared to osborne. when you are pathetic you make little children puke in the street when they look in your face so what they're accusing them of the financial services authority but also the f.c.c. and the japanese regulators are looking at is that this happened in particular during the financial crisis between two thousand and seven and two thousand and nine and they actually so remember this is a panel of experts not the market setting the mechanism so they set the rate lower they manipulated they conferred with each other and they made it lower the libel rate lower than it would normally be in the market conditions that were there so only they had exclusive information about just how bad the situation was for example that what the libel rate was signaling to the rest of the market plus cheap rates may speculation and when the government bails out your bad bets of course you

want the cheapest rates for speculation possible also let's keep in mind we talk about london as being the nexus of global financial terrorism thanks osborne and cameron where are the bankers that icelandic government is looking for to prosecute for their own acts of terrorism who's harboring them bring the terrorists to who who is the harboring that's terrify some terrorists lower its carbon osborne i love that that's right so in other words people in london if you take our subjects example what we would we've been saying for five years though and what's been proven now that's the way you way there's a war forgot you're you're drunk you're you've got. a little bit but i'm going to be affected feckless little loser because i want you there all druids ok the financial services authority is investigating the matter their investigations are said to focus on three concerns first is that libel rates have may have been held down artificially in the financial crisis this would have make banks look more

secure than they were second is whether the banks setting libel rates leaked their data to traders ahead of their official release you don't need to investigate will save you hundreds of millions of pounds max did they do it they did it. the third is whether traders at the banks and that organizations such as hedge funds may have tried to influence the rate by making suggestions or demands on the bankers providing the live work quote will save another couple hundred million pounds so they do it max but unlike the people saying well there's the laws have been broken as yet we can't prove any laws have been broken ok it's just another scandal that just totally the laws have been broken as clearly as last night and day it's just that the government is sadistically going after children and women in foreign countries because of their sadistic pleasures at number ten downing street and sixteen hundred pennsylvania avenue they don't enjoy prosecuting financial terrorists just the only reason these guys are still breathing however is this investigation going to lean like the investigations in the united states led to the

foreclosure gate settlement of the twenty five billion dollars fraction of the ill gotten gains so we're going to look at this final headline here foreclosure abuse rampant across u.s. experts say report this week showing rampant foreclosure abuse in san francisco reflects similar levels of lender fraud and faulty documentation across the united states say experts and officials who have done studies in other parts of the country the audit of almost four hundred foreclosures in san francisco found that eighty four percent of them appeared to be illegal the audit in san francisco is the most detailed and comprehensive that has them but been done but it's likely those numbers are comparable nationally so they couldn't find who actually own those mortgages and those are in thousands of mortgage backed securities but we now know also that the libel rate was manipulated underlying so it's pure cotton candy thing a fraud as you've said cotton candy a fraud they spin the fraud like cotton candy and it just builds up huge huge and

then you've got a few people that love cotton candy financial fraud even though it's rotting their teeth and killing society is all so for the record you just described why bore reactive part of the rating agencies. the investment banks part of sixteen are pennsylvania avenue eric holder barack obama's director suspicion of financial fraud yes they're involved so i'm going to create directly involved just in a get it's a racket site al capone except as twenty ten twenty leva twenty twelve and there's nobody there to stop them stacey or thanks so much for being on the kaiser report thank you max don't go away much more coming always was there i think. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else and you hear or see some other part of it and realize that everything you thought you knew you don't know i'm tom harkin welcomes a big picture. could

you take three or four chargers three. three. three. three. three both video for your media project free media r.t. dot com you can.

download the official location. from the. video on demand. an r.s.s. feed now in the palm of your. on the dot com. welcome back to the kaiser report i'm max kaiser time now to go to germany and speak with economist share however of the alternative information center share welcome to the kaiser

report by max oh and i suppose nice to be here all right share what is area say where is it who lives there area c. was defined by israel when their west bank was divided into three parts do windows want to go she ations in one thousand nine hundred four basically the west bank was divided into three parts a b. and c. where the palestinian authority only got to be autonomous more or less autonomy us in area a when it comes to civil administration and security in area be so let me. but i stand thirty was still able to have some control over the civil matters but security was under israeli control and area see action remained under both security and civil control of israel completely and should be very clear areas he is part of the occupied west bank is ok if i did in one nine hundred sixty seven but that's where all of these really colonies the illegal colonies in the west bank are and area c.

is about sixty five percent of the entire west bank so that's actually the majority the reason behind the arrangement by which israel retains control over the vast majority of the occupied territory it was in order to have a phased transition by which palestinians would gradually get more territory under their control and would become independent at the end of the process but this was seventeen years ago and area c. remains about the same size that it was seventeen years ago that by the same is never made any progress towards independence in those seventeen years and yet this area is still under israeli control and the international community is mostly and accepting this fact right and now israel is threatening to demolish six hundred thousand euros worth of german donated solar panels why is this all this is just. actually thanks to a german organization called a medical which arranged

a donation in the construction of these solar panels that we hear about this story because it's not a unique or special story in any way in fact over the past seventeen years israel demolished countless projects buildings and various structures that were built in areas see for the benefit of palestinians what's interesting about this particular story that you're referring to is that actually the organization was willing to make a fuss about it was willing to say something and for. the most cases the donors just stay silent is where the militias the project the palestinians lose everything that was built for them and no one makes a sound now it sounds like a case of price tag going but on a national level is that a good comparison it can explain what that means exactly the price tag attacks have become quite famous in israel recently these are attacks ocus traded by colonists

israeli colonists and when these really government is not steadfast enough in their eyes regarding protecting their rights to continue to occupy palestinian land in an . additional this demand and so on whenever the israeli government is saying well maybe we're going to slow down the rate of colony construction in the interest of public opinion and international community the colonies decide to take out their frustrations on the palestinians and punish palestinians and then they call it a price tag because whenever these or any government does something which they don't approve of they decide they're going to physically attack. it as a form of punishment of course the israeli government is not particularly concerned with attacks on palestinians and in the past year and in two thousand and eleven there were on average two and a half physical violent attacks against palestinians by israeli colonists and they're doing that in order to try to create facts on the ground to basically push

the palestinians off their lands and take over more of their territory scare them into leaving so that only jews would be able to remain in the west bank or let's go to another example of the most recent price tag response to european help as we've just described it with the solar industry in the area say was when israel destroyed the thirty eight million dollar airport they built in gaza soon after it was completed so is israel trying to teach the europeans a lesson or the palestinians the airport. this is a very good example but this seaport in the gaza strip in a was also bombed by israel and that was worth even two hundred million dollars so yes and more than the airport and what we see here is a very absurd kind of situation and where by israel is the occupying power is responsible to the needs of the palestinian population it is a response ability to make sure for example that palestinian communities would have access to water to electricity transportation and so on but they don't do it they

mock international law and they don't care and they just leave the palestinians in squalid conditions then the international community and especially europe comes up and says well if israel is not going to do it we're going to try and help the palestinians ourselves and they pay between one and two billion dollars every year now which the international community. spends on projects to try to help the palestinian economy survive to make sure that people have food and especially in the gaza strip which is under siege at the moment by the israeli army the population of gaza completely dependent on international aid so the international community is paying for that aid. in this process israel makes a lot of profit because the aid actually passes through israel and they're using israeli currency to pay for the goods they buy a lot of the food from israeli companies and actually israel is profiting they collect taxes from the aid organizations and then at the end of that process israel takes the liberty to bomb whatever project there they don't approve of the israeli

government decides well we don't want posing in so have their own airport we don't want to but it seems to have their own support so we're just going to bomb them and when they do and cause hundreds of millions of euros worth of damage to these projects the donor countries do nothing about it if we talk about the example you gave of the airport in gaza or supporting gaza these examples donor countries france the netherlands in other countries simply never asked for compensation never asked for their money back they just keep spending money on the next project and the next these are really companies continue to make a profit from this and the palestinians actually get no projects because the projects are destroyed in the end now let's talk about these solar panels and wind turbines set to be demolished how important are they to the palestinian community in the west bank this area c. at the moment the entire palestinian in economy is completely energy dependent on

israel and also a little bit on jordan and egypt there are two israeli companies that have a complete monopoly over selling petrol products to the palestinians and because of that situation the palestinians are trying to find various alternatives sources of energy and in gaza for example the hamas government which is currently in power and made a deal with egypt to buy petrol more cheaply but this petrol is not reaching that at the moment because there was an explosion in the pipe and as a result and there is a sixteen hour back out over gaza and it reaches the hospitals and it. causes very serious damage in the west bank. unlike in the gaza strip but the syrians still have the ability and limited ability to import some construction materials so one of the plans is to build sonal some of the panels and not just plants projects that have actually been created and build on the ground to build solar panels in order

to provide basic needs electricity for the people in who live in these communities and we're talking about people who don't have access to a mobile phones who don't have access to a communication to the internet and that's extremely important for these people because their reliance of communication with helps them to articulate the situation that they're in under occupation under israeli occupation to the international community and of course they need energy for their economy for sustaining themselves for preserving their food and refrigeration and so on so it's it's extremely crucial that these projects will operate but that in military government in the west bank these are really military government is not interested in creating infrastructure for the palestinians which would allow them to live in comfort and peace on their own land they have an interest to try to make it harder for palestinians to survive in this area so they would be convinced to emigrate and in

fact a recent report by the european union showed that in one area of the west bank the jordan valley. population one hundred sixty seven right prior to these radio keep asian was three hundred thousand people today forty five years later the population is half when it one hundred fifty thousand people has of the palestinians were deported from their lands and had to leave this area one way or another and if you account for for the natural growth of of the population if through birth it's actually much more than a house i now i can understand that it's a lot of money that goes to israel. by destroying the occupied territories and disenfranchising the palestinians but there's also the possibility of making money in the region i mean the palestinians are sunlight's the israelis are some that some might say and so might be why not why not develop palestinian territories to create a an economy that's a thriving economy that they can make money on while they just turn it into

a you know business opportunity and make money that way they have to make money by killing people. of economic development for the benefit of the palestinians and also for israelis is not a new idea it was supported and promoted by many economists both palestinian israeli and international i would be exaggerating if i would say hundreds of projects thousands of project possibly worth many billions of dollars to try to create that development that you're talking about and especially the european union was very interested in promoting these things and were willing to pay a lot of money for these projects because they also have an economic interest in the region they would also like to see their trade flourishing and if the listing standard of living will increase that means more demand for and consumer goods manufactured in europe so that creates jobs in europe so of course they do have an interest but under occupation under an unequal system of power between the israeli

government which has a strong army and full control of the territory and the palestinians who are occupied and in denied all of their basic rights you cannot really have in any kind of economic development in these conditions in these conditions when ever it palestinians would develop some kind of factory some kind of production that could conceivably compete with a similar sector within the israeli economy then the bulldozers would come rushing and destroy the factory or even israeli airplanes would simply bomb their area from there and of course when that is the case investors are not interested in. their own money and developing investment projects in the palestinian territories but like you say when we talk about development and making money sure a lot of israeli companies are profiting from this situation especially the weapon companies that are profiting from destruction but overall the israeli economy is not profiting from the situation overall the israeli society is actually losing

a lot of money losing a lot of opportunities for investment and for us in increasing standard of living because of the continual conflict because of resistance because of the constant destruction around them and the loss of potential for cooperation between everyone who live in the region well i guess you can say the same thing about america why do they let the president astray become as dominant as it is because there are just too lazy to compete on any other level all right sure have a read of time thanks so much for being on the kaiser report thank you max and that's going to do it for this edition of the kaiser report with me max kaiser going follow me on twitter as over twenty two thousand people are you can send me an e-mail to report r t t v dot our you are thank stacy herbert and i guess cher have our till next time back skies are saying by all.

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 realize that everything you thought you knew you don't know i'm tom hardy is a big picture. more news today violence is once again flared up. and these are the images the world has

seen from the streets of canada. operations around the day. the length. of. the mission three accreditation three hours for charges free arrangement three. free studio time free. download free blog loaded videos for your media project a free media dog party dot com. marvet a washington d.c. and here's what's coming up tonight on the big picture.