tv [untitled] April 20, 2012 5:00pm-5:30pm EDT
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today on our t.v. world of finance ministers are in washington d.c. in the hopes of stitching together a political economic solution from the fragile yours own to the growing influence of the brics nations we'll give you a live look at what's in store for the annual summit. and for those of you feel like the t.s.a. is getting a little frisky with your personal liberties these days get used to it because these stringent regulations are going nowhere fast in fact they're actually expanding. today on our t.v. world finance ministers are in washington d.c. in the hopes of stitching together a political economic solution from the fragile yours own to the growing influence of the brics nations we'll give you a live look at what's in store for the annual summit. and for those of you who feel
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like the t.s.a. is getting a little frisky with your personal liberties these days get used to it because these stringent regulations are going nowhere fast in fact they're actually expanding but is anyone stopped to ask if all these rules actually make us safer we'll explore that and money isn't the only thing wells fargo is keeping locked up safe these days turns out the bank has a huge stake in the private prison industry making enormous profits for keeping people behind bars we'll call them money. it's friday april twentieth four pm in washington d.c. i'm at the martin you're watching our team. first it was corporate bailouts now it's entire countries that are being bailed out and this is all being done at the expense of taxpaying citizens germany just forked over one hundred thirty billion dollars to dig greece out of debt all in the hopes of saving its shattered economy
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but now spain italy these economies are also on the verge of collapse today marks the first day of the i.m.f. and world bank's annual spring meetings in washington d.c. where they're slated to get at least six billion dollars in funding to deal with the eurozone debt crisis so other european countries don't fall victim to greece's fate the i.m.f. has fallen under harsh criticism for its structural adjustment policies which critics say keep underdeveloped nations actually in a state of perpetual poverty and stead of alleviating their debt now the organization is expecting the emerging economics works resilin russia india china and south africa bloc of nations to cough up money for the bailout pot for more european nations that are teetering on bankruptcy the brics want more say at the table before they provide the funds to save europe against its failing currency is this the trend of country bailouts or a temporary solution to a permanent problem joining me for a preview of the annual i.m.f.
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so meeting our t's very own lucid enough. hi lucy so lucy is this trend of country bailouts just a temporary fix or is there a more permanent problem at hand well that's precisely the argument not only leading economists but a lot of countries especially countries that are participating in the i.m.f. summit are making that these bailouts do not work that these bailouts do not necessarily fix the root cause of the problem bailouts make all markets temporarily but what what more and more economists are saying these days is that the euro zone in itself is simply not sustainable now ironically as the dominant agenda of this week's i.m.f. meeting is the call for more funds to potentially bail out europe by a struggling countries in a in the future. the united states which is the largest shareholder of money in the i.m.f. is refusing to open up its pocket books earlier this week said the member countries europe especially has to solve its own crisis and that these member countries need
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to find some sort of a quote balance between austerity and growth well the problem here and this is what many economists are raising the alarm bells over is what does balanced mean when you are a country that's just centrally in a depression when you're in an economic straitjacket a single currency euro straight jacket was undervalued against your trading partners and competitors and essentially leading to the systematic looting of your country's economy and that's what i call to me or the major issue that's best coming across here and if we step back for a moment and sort of look at the big picture climate here why are these brics countries really up in arms about the agenda this weekend well that is because if from their perspective and from the perspective of many economists the u.s. is blamed for the economic meltdown and crisis of recession that has dated back from two thousand and eight europe has not been able to solve its own fiscal mess well these leading global emerging economies have handled the situation relatively
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well and that is what sets up the sort of adversarial perspective and tone between the leading emerging economies and the old world dominance of economies. right and why should these countries that have been. you know the victim of the i.m.f. structural adjustment posers for so long why should they be forced to bail out these you know this has amounted structure of the u.s. and european nations and they're talking about these brics nations are talking about forming their own global bank what would that do to the western power structure at this point it is still an idea that's still in its early stages and while there's no sign that the brics countries are going to abandon the i.m.f. as it stands it does send a very strong message to the west which is that the world has changed the economy has changed we are not in the same kind of situation that the country and the world used to be in in a colonial time period if we look at these brics countries they represent some forty percent of the global population twenty percent of global g.d.p.
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these are not just emerging countries anymore you can in fact argue that they are very dominant powerful forces and at the same time they're participating in these western centric institutions that don't really give them a lot of stay for world events and world power and that is why these countries are threatening to essentially form their own sense them and push the west either catch up and readjust or be left behind in the dust you know exactly and would you say if the problem is more the euro itself i mean you know it seems like this is just going to be happening with more countries spain italy they're all on the brink of collapse i mean seems like it's a deeper rooted issue really with the euro well it is but the the problem is that the euro crisis is the euro crisis it's the euro zone problem and a lot of these emerging economies sort of see it as a mess that these countries have essentially been responsible for the brics countries should necessarily be the ones shouldering the financial blame the
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financial strength in order to bail them out for wrong decisions to some effect. and yet at the end again what this represents what the larger. i mean here represents is that the world has changed but the economic structures at the top of the world that govern the international economy have not caught up to the reality of where we are these days and this is precisely what is leading these countries to sort of stand up and say you know what we're not going to take anymore unless you guys get more serious about your problems and reconsider the structure as it stands the world definitely has changed and you know these these policies that are being implemented seem to just create more global debt and it's unsustainable so you know where's the money even coming from well it is different but the problem is that you know we're talking about money and we're talking about power but we're not talking about action and at the end of the day there's a lot of talk that's going to happen this week and it's action that's necessary and
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unfortunately given the trends over the past few years it doesn't really look like the west is ready to fundamentally reconsider or even consider abandoning its. dominance and influence in these institutions unless another crisis god forbid is going to push it to do so so it's a very difficult situation and the means to be seen how it will all play out it's very fragile coble economic situation for sure that was r t correspondent was who kavanagh thank you. stripping away our freedoms there have been a lot of reports coming out lately about unhappy americans who say their privacy has been violated by the transportation security administration and while most airport patrons begrudgingly slip off their shoes and empty their pockets the question remains does the t.s.a. really make us any safer or is the security apparatus just another industry profiting off fear in a post nine eleven world since the naked body scanners have been rolled out in multiple airports across the country there's been national outrage that the
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scanners are not only an extreme violation of privacy but are also reported to cause high doses of radiation meanwhile the companies supplying the airports with body scanners are lobbying millions of dollars to congress to ensure that their low . the solution is implemented that will soon require the scanners nationwide luckily you can still opt out of them for now but even more controversial than the scanners are the t.s.a. is invasive pat down procedures that you have to endure with an opt out the pat downs of come under a barrage of scrutiny with stories coming out of children being sexually groped instances of abuse and humiliation to the handicapped in the elderly as well as the ridiculous security threats stemming from cupcakes aggress milk and now snow globes the director of homeland security janet napolitano says that if we don't like the security procedures then we can just find other means to travel well that doesn't really apply anymore seeing as how the t.s.a. now violates our civil liberties before we even board the planes the agency is now working with the local law enforcement and buses and train stations across the
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country as well as setting up random highway checkpoints nationwide to search citizens whenever they deem necessary so those procedures actually make us more safe or has this culture of fear all our civil liberties to be eroded too far charlie mcgrath founder wide awake news dot com charlie what do you think about the recent expansion of the t.s.a. now working with local law enforcement to set up these checkpoints. it's terrifying and thanks for having me on. the viper passports where you talk about part of the french patient safety administration expanding their role in expanding their control using this never ending the security industrial complex you talk a little bit about you know the the correlation between big business and government and it is interesting that michael chertoff who was the former secretary of homeland security and his company sure off group it actually bears his name
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lobbyist for o.s.i. who is one of the two companies that makes these naked body scanners and you know your report is one hundred percent right the scan that i've been during. this pat down procedure every single time i fly because i absolutely refuse to go through the naked body scanner mainly because i don't believe the technology i don't believe in the padding the pocket of michael chertoff and other folks in washington d.c. who trade one career one career in politics for a lucrative career in the private sector but and i don't trust the technology you know all these t.s.a. agents will tell you well it's no more harmful than a cell phone and you know usually these are guys if they broke the fifty thousand people they didn't have a job and they may have found out how to work for the t.s.a. by pulling up to the gas station and seeing an advertisement for it on the gas or seen on a pizza delivery box so we're supposed to trust sixty thousand blue uniform the new
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brown sure to tell us what's going to be good for us what can be bad for us but more importantly i refuse to go through the scanner so i can hold up the process plus i want the public to see how unbelievably two million a day this is i want people to understand that we don't live in a free society you might think that you know walking through the scanner is not a big deal but the fact of the matter is you're trying to trade a little bit of your liberty for a little bit of safety and you're not going to get either one of them. you're absolutely right i refused to go through the scanners as well and we saw the sick israeli security experts saying that the scares are totally useless he said that they don't even use them in israel because you can walk through if you have a certain shade or a fabric you can get all right next they're very easily so i mean it's amazing that we've got hold of. the whole notion though i mean you know so we so we're now we're awake to that reality that they're useless but we had
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a congressman paul brown you sit on the committee for homeland security talking about how we spend sixty billion dollars to the t.s.a. and we're not one bit safer if you can still you know there's twenty five thousand breaches inside of a decade with the t.s.a. are on duty on on watch and what we have we have the two thousand one hundred where barbara this was for you will not play a t.s.a. agent or any other government official it was foiled by a flight attendant and a passenger so this is nothing more than another boondoggle coming out of washington d.c. where we can use fear fear that sells we govern by fear we use fear to sell the public going to go in millions and billions and trillions of dollars into debt in order to give you the illusion of safety just a real quick note michael chertoff was able to get one hundred eighteen million dollars with a rapid scan of money shoved into the stimulus package and he was a person out there pimping the abyss that happened with the underwear bomber in chicago it's collusion it's corruption and it's breaking our nation. over chertoff
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says you know it had nothing to do with his working with the rabbit skin industry but he was pretty you know promoting these body scanners but also the underwear bomber you know that bomb never was even an active bomb and so you have to ask yourself why didn't we implement the standards that were in warehouses just empty and ready to be just pushed in airports so the real question is you know like the proverbial pot of boiling water where you're frog in a pot of boiling water why what does it take for people to really get to their breaking point i mean is privacy so devalued that people no longer care about their civil liberties completely been violated. well that's a great question and here's the answer we have almost a generation know that it's been immersed in this document doctrine of preemption. countries invade countries murder their leaders we go in because we're afraid of what they might do now we have the same know should be applied to the populace in this country if you haven't done anything wrong you don't have anything to worry
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about it's better to check everybody you know it's better to put everybody through the security apparatus just so we might be able to catch somebody the problem is it's a rolling the liberties of this nation and and the boiling pot frog analogy is perfect it is got to the point now where we have dozens of police agencies in this country using drones we have the border patrol using good universities morning to use drones to get deeper and deeper into your personal life and this their water is literally boiling and it is it's about time that we stand out as a people as a nation and say you know what we don't live in east germany in that three nine hundred ninety we don't want the stars the police state in forcing the laws on the people and we don't want to be strip searched every time we want to fly from little bitty bozeman montana to maybe somewhere like denver right or even strip searched now you can get strip searched if you're just arrested for dissenting i mean even gallows the only criminal offense how they have authorized just master searches
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it's just unbelievable and you know with all these t.s.a. violations why do you think that senate bill was killed that would catalog man and really track the abuses of the t.s.a. . it's real simple i mean look at it look at the some of the things we mentioned michael chertoff we have. people like shawn henry former cop cyber cop the f.b.i. going to work in the private sector of course for a company called crowd strike we're trying to paint a picture of here is this ultimate collusion even tom ridge the original secretary went to work for the private sector and save the technologies you know which gets paid millions and billions of dollars from the pentagon to run their wireless cargo screening system so the principle is real simple you immerse the private industry and folks who work in washington d.c. and it will kill absolutely everything in this system we have which is called legal based capitalism you have the people that were writing the laws in private in the private sector and by subversive that way they're always writing laws and have been
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a fifty's corporations and they're always killing laws that hurt these corporations . so would you say that this is going to be a growing trend that we're going to see and definitely until you know the pot boils over let's say. i've no i think we're going to it's going to come to an end i think it's going to come to an end when this country where we realize that we're completely and totally bankrupt but i think unfortunately it's not going to be. you know what we're bankrupt so it's going to be an easy transition into freedom i think we're going to see a lot of pushback we're already seeing it look at the occupy movement look at all the violence broke up over the last year this is going to continue to get worse we're spinning ourselves into oblivion we're spending trillions of dollars a year in security we're borrowing forty cents of every dollar that we do spend in order to work in this nation even further the economy still deteriorating and we have people ready to push back fortunately for the folks in washington d.c. the corrupt set in washington d.c. they have a plan for that and that is why the department of homeland security has recently
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stepped up and put out a bid for over four hundred million rounds of forty caliber human shredder ammunition they're going to turn the security apparatus loose on the people of this nation when we have been truly had enough out of sight now but is completely boiled over absolutely out of the rounds of ammunition are you know in these in these the heat ray and the microwave gun i mean that's not going to be used against for world that's going to use it and then i stuck with. thanks for joining us that was charlie mcgrath founder of right away to news dot com. america land of the free not one one out of every hundred americans are currently incarcerated in their jail or prison they can enter the country with the highest incarceration rates in the entire world the us has only five percent of the population but holds one quarter of the world's prisoners even more disturbing than the rates of the imprisoned is the privatisation of the industry the expanding prison industrial complex has a vested interest in keeping people locked up just like the security industry is
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growing lobby efforts to implement harsher security legislation that would implement their products there's a growing trend of for private prisons the prison industrial complex with such a rich has grown three hundred fifty percent over the last fifteen years has been lobbying congress hard to pass legislation that would imprison more people now the private prison industry is by no means a news story but the growing number of companies profiting from the names of locking people up is wells fargo you know that bank that received a cool thirty seven million dollars from the u.s. government from tax funder taxpayer funded bailouts is also the main investor in for profit prisons that's right some people that save the people that should be behind bars are the profiting off locking people up is this just an ironic twist or good business practice and joining me now is axel probably yetto founder of the me . so axel thanks for joining us you know the netherlands recently closed
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prisons for a lack of prisoners why is america so different than these countries and why are there so many people locked up in the prison system here. well essentially what's happening first of all thank you for having me on essentially what's happened is that there has been a move to privatized the prison industry to increase this industrial print prison complex and it started with the war of drugs really started in the eighty's there was a coalition of individuals during the reagan administration who set out and set out to move you know both policy its social issues policy accordingly with privatization policy because there was money to be made and any time that we see a social issue happen in boiling up you know we always have somebody willing to make a buck out of it and this is what's happening right now we've seen the rates increase year by year by year and in the last decade alone we've seen it exponentially
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increase so seeing as how most prisoners are locked up for nonviolent drug offenses see a correlation between the federal overstepping of states' rights with satan airliner issue right now. well what's happening is a two fold strategy the majority of the contracts from private prisons happen at the state level and so what is happening is that these private prison corporations are going into states like arizona like florida like even california and they're throwing money at legislators ads campaigns they're throwing money really at anyone who will basically further their edge and and push forward legislation both criminal legislation as well as privatization legislation in their favor we've seen it in arizona time and again we side with s.b. ten seven in arizona which is another element not only drug offenses but also
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immigration related we saw it in florida and we've seen across the country and it's a very very disturbing trend. absolutely and the private prisons have you know they tell the states that they need to be full to ninety percent capacity in order to run so i mean they're really pushing hard to keep you know the empty immigration policy like you said as b ten seventy you know arizona actually just blocked a review of the cost and benefit analysis of their private prisons there it seems almost counterintuitive though i mean wouldn't they want to know if these prisons are saving money and ensuring public safety. well of course that's what we would want to know but the reality is that it's entrenched the industry is entrenched within the state they have spent a lot of money in fact during the last campaign season the spokesperson for brewer's campaign for governor brewer's campaign chock cotland was a lobbyist for for the private prison were c.c.a. in particular we know that russell pearce senator russell pearce who was recently
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recall received money you know was one of the major recipients of money from c.c.a. the private prison industry nationwide spends twenty two million dollars in lobbying and out of those each state and they put a lot of money through through the pockets of legislators and they know that they can get in bed with them that they can really push for the policy and we've seen counterintuitive to what they you know public policy wants us to believe from arizona we've seen the national increase in the cost from four hundred million dollars that wasn't a few years ago to now a billion dollars a year so this is definitely bankrupting the bank we're bankrupting our states and not only that but it is increasing a trend across states where public policy is not at the forefront of the best public policy is not at the forefront of the interest for these corporations this side of the forefront we're also seeing it in florida right now where southwest ranches is about to get the largest private prison in the whole country and out
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particularly in the detention center and we know there that the campaign contributions have flown in four hundred thousand dollars to the republican party twenty four thousand five hundred to two this senate president we've seen rick scott. the governor who appointed to his. ration fund a c.c.a. n.g.o.s lobbyist and raised three million dollars for it so it's no longer just direct money it is it is a coalition it is. building with all these lobbies with all these interests with all these monies and they're really hijacking our legislators. they know that there's a lot of money to be made and i like the latest let me want to be one second producing their stock price and that's how we see corporations and banks like wells fargo bank of america general electric rock rock investment c.e.o. larry fink was commission for the two thousand and eight you know economic mess by
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the u.s. government so it's entrenched in all levels of our government and really we need to stop this we need to sow its strength because the prison industrial complex is already here it's a five billion dollar a year into syria talking and you mentioned a state legislator and legislatures and the you know privatization of the industry have any effect over state law what about federal law then anywhere where is this issue on the political campaign trail i mean it seems like the huge issue locking people up and profiting on filling prisons and accident capacity and i mean is there so much collusion even on a federal level with these industries. oh absolutely at for example state senator or senator for florida in particular mark removes the fifty thousand dollars from the g.o.p. group we're also seeing a direct lobby and hit to increase funding for ice because they know that if more
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funding goes twice and more policies to detain immigrants happen then you know contracts at the federal level for immigrant prisons particularly like the one in southwest ranches is going to happen this is why it's a disservice trend in fact what's even more puzzling to to a certain extent is to have for example the chairperson for the d.n.c. representative debbie wasserman schultz indorse the facility in southwest ranches even after ninety eight percent of her constituents have said this is no good this is actually going to. be very detrimental to our to our community and even after that happened to her and senator bill nelson proposed that this was going to be an economic issue but it's not an economic issue in this case it's an immigration issue it's a public policy issue and we have to make sure that we separate those two items it is not about making more money for these corporations is about making sensible public policy and actual yeah it does seem extremely hypocritical for
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a country that goes around the world and touts democratic ideals and freedom abroad to lock up more of its citizenry in any other country in the world axel colorado founder of clinton and. capital count is up next on our team let's check in with more in lister to see what's on today's agenda or are is that we let me say you've been doing a very great job on the desk today i was noticing that that on our show we're going to talk about regulatory capture because it's a very big issue when we see the volcker rule which is supposed to be this kind of key measure to keep the kind of excessive risk taking with that really insured money that led to the financial crisis and these big too big to fail banks from ever happening again and what do you have two more years for banks to comply with it which means in my book two more years for them to lobby for enough loopholes to get around it and we're going to look back at how this all works because when we talk about regulatory caps or the like maybe no one did it better than john or as i
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the former c.e.o. of the now defunct m.f. global when he lobbied against regulations that would have kept him from making a big huge bets on europe that took down the firm with customer money we're also going to get an update on where that case stands as we see lawmakers head to the hill for a nother m.f. global hearing next week thanks lauren the couple account is coming up next so that does it for now for more on the stories we covered go to you tube dot com slash or to america or check our website are to dot com slash usa you can also follow me on twitter. thanks for joining us.
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