it will show oh there are protesters that they're actually in support of the president or they're actually in support of this new law but they won't show the other side because those other protesters will be charged. and that was journalist and host of the d.l. show david seaman from our new york studio that's going to wrap it up for its night from one of the stories we covered you can head on over to our. it also follows me out as well for now have a great night. wealthy british scientists on. both sides of this. market trying to. find out what's really happening to the global economy

with my next concert the no holds barred look at the global financial headlines tune in to cause report on our. world. technology innovation and all the lives developments around russia we've got the future coverage. free. education free. free. free free free. free. free. free book deal for your media drug free media card.

backs kaiser this is the kaiser report let's talk about yogurt kamikazes states your average max kaiser there's a war on you need to be armed as a younger kamikaze go. but then if they lows falls victim to yogurt attack yogurt seems to be the name of the game in greece these days as more and more people are using said their e product to express their bubbling content against any parliamentary representative they happen to come across finance minister and possibly would be leader even jealous that fellow's was the latest victim of the yogurt kamikazes at a convention on saturday now the man who threw this yogurt at him was an elderly citizen who was using a crutch to help him walk he albums up to the finance minister through some yogurt at him and said that he was upset with his pension being well the thing about those yogurt is that you know eat a lot of it and you live to ninety the problem is happens now your pensions been

stolen by the talca so all that yogurt is no good people are getting rid of it like waterloo ninety i tell it to for the past fifty two years ago when the yogurt in the face of the technocrats and stolen all the money rightfully so well just so others out there understand what you mean by trocaire that's max keiser pronunciation of troika. so you know here is one weapon in the financial war it's greek yogurt however the banks have far more weapons in their arsenal financial repression back to stay says carmen m. rinehart on bloomberg as they have before in the aftermath of financial crises or wars governments and central banks are increasingly resorting to a form of taxation that helps liquidate the huge overhang of public and private debt and eases the burden of servicing that debt such policies known as financial repression usually involve

a strong connection between the government the central bank and the financial sector it's the financial pressure of max. could be called financial apartheid like this one because you know apartheid you build a wall between the ghetto and the rest of the people many of people in the ghetto you treat them wrong there was financial apartheid or refined initial rip currents ssion it's all based on interest rates the people on the inside who peddle the credit default swaps for example their interest rates are negative two percent and of course they can just print money all day long and they give themselves huge bonuses and they don't care what happens to all that money because inflation because they themselves are plenty of money to buy whatever they need to buy no matter what the prices because they're printing all the money those people living in the ghetto the new get out the virtual ghetto ghetto of high interest rates are paying sixteen seventeen eighteen percent of those people are living of course in the high interest rate get out now people say that well you know if you can't pay back your loan you get charged

a higher interest rate that's not the case here for people who don't pay back their loans like the banks are counseling defaulting on loans themselves they could charge a low rates the people who actually pay back their loans are being charged high rates so it's a complete bastardization of capitalism is financial apartheid and it's happening right now in the place you just mentioned well all over the u.s. and europe and you know for those trolls out there here's the troll away thing because they're going to say max chi. so there's no such thing as negative interest rates well that's what the financial repression is according to bloomberg in the us as in europe at present this financial repression means consistent negative real interest rates yielding less than the rate of inflation that are equivalent to a tax on pond holders and more generally savers post negative real interest rates but there are also negative nominal interest rates as the idea floating around of selling sovereign bonds a discount so that they would mature a loss of five boys so you're guaranteeing losses and the reason people would sign

up to a negative interest rate is so u.s. treasury bond that pays a negative one percent is that they can still use it they would prefer to use as collateral because it is very liquid they hope that they can invest or put those collateral into an investment that would exceed the negative interest rates the stated coupon negative interest rate of one percent they think they can get four or five percent remember the scam with the wall street bankers the fed would lend them money interest rate that they would immediately blended back to the fed a two or three percent higher right so these interest rate boondoggles are going on perpetually and interest rates are a completely fungible item there they have no relation to any underlying economic activity whatsoever they're just completely pulled out of the tat of the central bankers based on their own constituents needs to remain in power and now as bloomberg points out their reason for this financial repression for the negative rates is the alliance they say between government banks the fire sector finance

insurance real estate are in cahoots with the government to financially past a certain part of the population so that brings me to this next headline max a continuation of this theme of financial repression five hundred thousand pound mortgages backed by the taxpayer as new by guarantee scheme launched so up to one hundred thousand people in the u.k. . they will get government support to buy new homes worth up to five hundred thousand pounds in a coalition move to revive the middle class dream of home ownership so the new buy guarantee scheme launched by david cameron is where the government guarantees part of a home buyers mortgage allowing them to take out much larger loans than they might otherwise be eligible for however it could also raise fears that the state could end up guaranteeing more risky borrowers but this is another gift to the banks from david cameron. became a moron. and it is absolutely

a misallocation of wealth misallocation of assets the money should be allocated to create jobs real jobs they should be allocated in ways that increase real wages of course people say well this is going to increase some construction jobs but compared to the speculative bubble that will be imposed upon the system that will need another bailout in two years time and the printing of another huge trillion dollars or pounds of bailout money which will cause even more inflation does not justify the piddling a number of construction jobs that does give away by cam moron is giving to the banks once again this constituency boom in georgia is more they're there for the banks this is another bank giveaway well actually it's also you know mollycoddling a certain sector of the population that is on the house and louder they do mention that the new house buyer is now in the u.k. average age is thirty seven in certain parts of the u.k. because they can't get onto the ladder and they also said that actually for the

first time there are more by the let mortgages being issued than there are mortgage for occupier owners so you have this emergence of a renting a class this is something that you've talked with with das with steve keen with michael hudson and this is the exact opposite of the capitalism that adam smith said should happen well there should look the market clear the demand for housing. is such that the price should reflect the demand of supply reflected demand with the man and supplies supply and demand but you know that's not for cam cameron on this isn't good enough for him is to insert himself into the into the market and say no i know better of the market and i need central planning to help me figure this all out which of course is just putting the economy even more rest i got five trillion pounds in debt on the books right now and they're going to double that so again the global financial crisis one of the causes of it was the global housing bubble so here he is stoking it again the other element to the global financial

crisis was the four x. market currency volume surpassed pretty lean and peak bank of international settlement estimates so currency trading may have risen to a record five trillion dollars per day in september suppressing the peak reached before lehman brothers collapsed in two thousand and eight according to the bank for international settlements foreign exchange trading has surged as central banks including the federal reserve flooded markets with cash to combat the global financial crisis to pan intervene to help its exports after record earthquake and a tsunami a year ago while the swiss central bank imposed a cap to stem frank straight in september when the root for fraud and a five trillion per day for us market is enormous and this is only again empowering and rewarding the worst amongst society that becomes a caca stock or see where the worst qualified in the most corrupt rise to levels of

influence and power and they have total contempt for a free market there is absolutely no need for a five trillion for extra day unless you're trying to it's like you get a cut on your skin and the puss starts to lose and this is the forex market is the financial puss trying to run into the cut this been made into the global finance by insider trading and market manipur. elation from cam moron and mervyn king and ben bernanke gave the whole day every dime in the whole list of of who's wanted the most wanted financial terrorists in the world well the article goes on to point out that it's part of a currency war as brazil has called it and as of course jim rickards has called it but remember john authors who we also interviewed from the financial times about a year ago on the show regarding his book about the financial crisis is he specifically mentions the four x. market and the at that time is only three trillion a day now it got up to five trillion it's a zero sum game it's

a genuine just war ground there's many losers for every single winner well john authors wrote a great book and the thesis of the book is that markets are all tending toward correlation and that everyone is basically on the same bet for example over two hundred fifty hedge funds all own apple computer for example there's a tremendous concentration in that one name which leads toward incredible instability so the and they replicated the crashes of course is increasing so the next crash they will have will be bigger than the last crash but of course little shake off more of the bottom ninety nine percent off the decks of the boat of the good ship global economy and they'll end up disenfranchised we won't hear about the many more except that. in greece for example my understanding is that they're starting to build more prisons so we have before extreme ruling the global financial markets at the moment now remember the first country to collapse because

of the financial crisis was iceland because of the yen carry trade iceland will adopt euro or other currency prime minister says iceland will either adopt a euro after joining the european union or drop the krona and unilaterally adopt another currency as the situation can't remain unchanged since prime minister johann a secret voter. she said the choice is between surrendering the sovereignty of iceland in monetary policy by unilaterally adopting the currency of another country or become a member of the e.u. so either way it's giving up your sovereignty these are the only choices our leaders are saying that we are presented with this is the only option you have is give up your sovereignty or give up your sovereignty yeah well the strategy won't work because remember greece joined the euro and the the troika and other bankers from picking it off and killing its sovereignty and starting to go basle state the

only thing that'll save iceland if it really wants to remain free even a planet has to go to war with them mark. declare war on them are then immediately all the arms dealers in the world would start writing the checks and they would be off and running and they'd been independent sovereign nation but if you don't declare war on somebody then you're just live and you know you don't live in the big ass an emo alright safe harbor thankful to be on cause report all right don't go away stay right there much more coming your way.

nice guys are welcome back in the cars reports on how to go to dublin to speak with mark o'byrne from goldcorp hello mark welcome back to the kinds report i saw it on a gun nuts all right mark people germany and switzerland want to repatriate their gold from new york is this game on for the global currency wars and will germany

and switzerland get the gold back if they ask nicely for it yeah it is a mark of the global currency wars the soaping we've been writing about for a few years now and it's only you can get hurt right at the mainstream in recent months it was reported or spiegel were there at politicians it was over actually i saw it at the federal reserve. bank of new york on actions of the arabs that german gold holdings your reserves are those because there is iraq transparency about bring exactly are you going to reserve source and then also some of those. movements growing their own people a sort of a web site and only getting at people to sign up in order to get some source that are the swiss gold reserves so when we look at their go back or not who knows because we don't know where the goal is and who actually owns the gold house on goldman sachs there are limits on marketplace it's a very a very on transparency sector central bank or reserves and i think. germans would

require. very powerful nations economically only without quite a bit of credit in the world so i think yep it owsley we don't have a stronger. or a little bit smaller so ho peak nations who might who've been more difficulty in getting their gold reserves well imagine a so-called peg nations in the case of grace national some big you know pretty sizable gold reserves but now they don't own it anymore do they basically it was soon will who was recently in the small car and square recent arrests in berkeley who told the gold reese owns may not be their own words of our national action or maybe you can wait but it was funny and i was in the small critics agreements in new york times arms a source of concern as you know greece is i suppose you would expect assets like are you on the table for me more concern is the law transparency or the lack of

oversight was under. very little of the sort of the small print of one of the agreements that it took almost as they are sort of a small part in europe i'm very lucky it's a source after all really. starts sort of. like respect for their group lower base pairs. and their arms able which it will be put on the table every british viewers under the. russian. base beca you know mark i was reading david mcwilliams this morning and he was talking about the fact that greece just a faulted and their markets are rallying and whereas he contracted this with ireland who for some reason paid out a sango irish unsecured debt of more than a billion euros and continues to dance to the bankers channon just discouraging all this money what do you think of david's then acclaims point here that it's in and ireland's best interest to default and go the the way. actually and not taking the

scorching their hard earned cash to these corrupt bankers the greedy they were great and it's very hard to argue with him and he has been buying on the money in this back along the years and a number of other things which is awesome though if you have a number of other highly respected conference or very cogent rational argument of why you should not pay the bill it's that. basic economic rationality we can't afford and that these are serious measures not dismayed that the army much much worse is increased so yeah we want to send them and basically what happened there's. to be a man of you know we're all told that armageddon is in our results at the un security that by now i find that welcome back that we like to go out in the country you know many a. classy brand and then grease all of those it's a huge mass of people not just the right never ever saw one of the best arms yet

but that the stock market rallied around that notion as materially change the greek people are still suffering mass with but nothing has changed the proper multipart so that's around the scaremongering by. most people and invite sectors in people in britain the i.m.f. are going to see the earthquake there and they communicate this to irish politicians who basically bought into a supply and sinker and be scared i think with the saying well don't especially but that's you know we have had all the clipping recently shown the way for that and i do think that we will have to have fallen asleep us focus because ultimately that's america it was no way to read this economic growth back over two three four percent it's not going to happen anytime soon even that's not possible action. yet i think it's a set amount of time before we first of all we should. say we should have a proper on the buy go up side that. go irish at violent acts on security we should

look at the security that and then maybe then we look at the sovereign debt but i think we need to be careful with that a little bit and just see what's going on in gradually with this vision battlecross you know that there are risks you don't notice whatsoever but there are risks with us on the risks that are far less than that then. there's a new man of you know financial armageddon if you can be called a trader bankers that bad so i think that's where we'll have to go the. yeah it's funny you know ireland relationship with these creditors. the idea that if you default they're going to cause an economic collapse and there won't be cash in the a.t.m. machine meanwhile a four x. market is jumped to five trillion dollars a day there is no shortage of liquidity out there in ireland where default on all

the debt it's a basically a temple in the entire on the on the on the on the brunt of the global money markets i mean the entire a four x. market trades seven eight nine ten times ireland's g.d.p. every day you know if the entire country were to fall nobody would notice much there being a catastrophe you know it's now it when i'm in dublin i hear people talking about i anglo irish as if you know it's their mother and their mother would stop loving them and then instead of understanding that i know irish is a whore is a prostitute a prostitute still remember you the next day they don't remember fondly that what you shared with them the day before you know they're just prostitutes or whores but they're in ireland they seem to be wanting to have a relationship with anglo-irish who is not interested in a relationship they just want the money so you're going to generate that goes through their marriage for bike or national settlements and it was a four point seven trillion or very very poor. turnover of products or markets you

know. and that's actually. leverage but we're at the airport you know when it's all this money use foreign system and yes it's you know a small number. that's going to crater. our you know it could we spoke about this last time it's the finance the permanent government not as an arm but i would say most of the parts of the finance. world are and they're being basically taking advice from. big investment banks in growth. he who are like your own interests not economic interests are facts are facts are is me. now we've seen the very visible results of austerity in greece and not just the riots but homelessness suicides also the economic death spiral what are the output numbers in ireland these days a unique circumstance and consequences that we see in ireland as

a result of the austerity where are we seeing similar things in greece but not. on the scale of greeks it's us rolls form of greece life. we do have a safety valve emigration which you have this year which i mean i don't know dear i'll have a bit. you know manorama brings us up to their expert everlast we bear people working abroad. he would have cited or hundreds of hundreds of people get of this conference in order to find out that opportunity for work abroad so that's a wonderful safety valve for ford at the politicians will review started this treaty. you mentioned suicide in greece that the figures in are on that increase question mark your romanist well. yeah it's. all different walks of life but it's interesting i mean i live and work in film city center and it seems to me to have a suitable for the sort of you'd probably be able to get yourself back you know the

city center because parts of the whole circle restaurants and folate you would know that were suffering from this massive massive eric session you know every small it's more in the countryside it's also in in sober on the north side the south side of the problem is much much higher i think we're past her getting his much more. then many of the middle classes and i think that's partly to do with because in the past so the teachers nurses the guards the housing and a whole lot of pain not secular. force i think you can do better at the nature of prayer. economic challenges facing its inspiration you know that. feeling and. service of. the season or be with pay have breath. we have quite a large. i'm going to look at whether we're should be looking at first it's what we saw and should look at all of us that hold us that we really love her and

then we're also taking care of her then it will be numbered the same the public sector will so if it does mean that there will be a little bit insulated and think there's still a lot of places that are realize the actual risk of their particular experience and of course our relation to the still remote risk of america pons there is that risk and i think it increases this increasing silkworm over also more long term yourself with values in the conference you know we see the management of the ease of use and creating respect and that is going to patients i see significant information including months and years let me just ask you about iceland their former prime minister azhar trial now for his role in a financial crisis and you see anything like that happening in ireland one leg let's say sharpish patrick from one of irish if they get him on trial for financial terrorism do anything anything going down this path hopefully we will and i mean i

think that's what we need and we need to learn a lesson from this some one hundred people who have been involved in a secret bankrupting the country they should face trial in all your guy standing promising hardest moment he's on trial you can shop sponsor i think. he ace of spades so to speak he's berger who will spare no police or finance and he was the country and i'm he is the man who i would think most our people except his america ever message products out there has a tribunals now to some if it's ever findings are thirty years on hand are there going to be better evidence and he's basically arrested for corruption on who he was as a symbol or for time of. course you know i mean. he was also celebrations of he was a minister of finance and you have a private. i mean this is not that was wrong. it was called blank check

has to do with money floating around you know with money in confidence that the money came from placing bets forests so i mean fish steps under oath with the group right that the congress isin views or misremember we should look to other people most of them gone or look so so it's a poor shop i think that would be my personal trainer has been regularly in the company but that's. my stuff that settles down with the rest of what's out in europe. so fingers crossed that. i'm not a burnt thanks so much for being on the kaiser par rata time slots all right that's going to do it for this edition of the kaiser report with me max hazare and stacy herbert are thank mike o'byrne on bald core dot com try to send an email please do so at kaiser reported r t t v are you guys are saying by.

some measure see a story and sing 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. charge the big picture. oh.