well next our trust and morality being traded on wall street watch the latest edition of the kaiser reports to find out. if this is the kaiser report. yeah that's right if trust honesty and morality were trading in the new york stock exchange they'd all be belly up. it's a bear market. for tell me more max there's a lot of discontented people out there around the world over here or down there out there honest little green bar going under. various headline discontent and nothing we trust fascinating article in the national journal americans are losing faith in the institutions that made this country great other

than the us military most of the major institutions are on the dow jones slide bear market as you would say max according to public opinion congress banks supreme court newspapers the presidency even t.v. all looked at negatively so let's go over the first few numbers max the biggest slighter in this discontent market is banks down twenty four percent in favor ability opinion presidency down twenty three percent congress down seventeen percent and the supreme court down thirteen percent well let's examine this for a second the perception of banks is all time lows for obvious reasons the insiders who run the banks are felons they have black hearts and here you have a situation where the stocks of these corporations like j.p. morgan goldman sachs they don't reflect yet the fact that nobody trusts these organizations because the stock price like the entire economy is held up with

algorithmic trading vaporware nonsensical high frequency trading and when the all of this really blows up these stocks are going to zero c. and b. c. watchers these stocks are going to zero you want to make a quick buck start building the shorts omnis stocks immediately but max those are the biggest decline or if you look at the absolute chart so where it sits in public opinion at the bottom you see their congress that's down back at like ten percent now interestingly enough of. i may interject nade x. was going to start training futures contracts on politicians but they cancelled it that you no longer can trade futures contracts on politicians just like they've been trading futures contracts on box office futures because they know that the second they started making a market in barack obama or members of congress that they would mainly go zero bid it would really go to zero you can't make a market because nobody likes these people they hate them they display the

disgusting repulsive they would be selling them short they'd be borrowing money to sell them short to be true because they're oh ok a bum congress is just above them. then big business then organized labor and then banks so we were viewed less favorably than even banks that's remarkable because that's a triumph of propaganda essentially here you see that labor is being vilified as if americans don't require jobs to keep consuming they just want to stuff their faces well that actually work going to thing in their life that's the american dream i want to consume twenty four seventh's but i don't actually want to work well guess what the rest of the world wants to work that's why they're taking your jobs did you get the connection there are you just selling. yeah and of course i mean it is labor day today international labor day and it looks like it might actually be labor day in america displacing that fake one that happens in september but you

know americans are still a lot of them as you see from this discontent charter is they really think and you'll see editorials about this that somehow labor of which we have not like very few americans even have a job but it's labor that made us bankrupt not bankers and debt that made us bankrupt its actual jobs those people those few people who work and their fault we're broke this again is a triumph of propaganda and the people believe this propaganda instead of rallying around it which is what labor day is all about this was gone global because the austerity being suffered by people all over the world those other jobs just decimated and their savings a blues are rated by the same banking terrorists are now organizing the global effort so you globalization of the labor market which crushed people in the western world now they're saying you know let's globalized made a great globalized labor day forget the one that was at the end of summer jerry lewis he's gone i think it's not even living anymore is it forget about jerry lewis

little in the summer thing this is labor day. labor through labor eight hundred giving birth to a new global day oh the resistance against. terrorists is the word go wall street ok so again banks are a little bit above organized labor in the opinion of the american public and we're looking at why americans have no faith in these big institutions well here's the headline for you max m.f. global customers press j.p. morgan for fun customers of m.f. global holdings are pushing regulators to get tougher on j.p. morgan chase about money that went missing from accounts just before the firm's collapse and a letter sent to regulators and m.f. global customer group calls for j.p. morgan. and to return hundreds of millions of dollars in m. a global oh i remember operation twist the latest effort by the fed to stomp on interest rates and penalize savers they should rename it operation oliver

twist because then they got the schmuck customers begging j.p. morgan the very company the stole their money they're saying lose to me the cruel more superior to me and that's like you know he's played the role of faith doesn't he other. pick up to pick a pocket or. go if there is still some money. and the jamie ah. you know he's a real pro broadway right over here jamie diamond is playing in a remake of oliver twist and they get massive shall be better than producers it's like the producers and the producers they sold stock in the play that didn't exist jamie done with the sold short silver he doesn't have that's why silver is going to five hundred that's why jamie dunn is going to get out life masters she's going you've got to pick a bucket over. but that's why we're discontented there's there's no recourse it's

a corrupt society that's what happens in a corrupt society there's no way to go around i go to the mafia and you know you have to deal with the other mafia team if you're you know one group of mafia this in this case j.p. morgan so you know maybe these guys ought to go make a deal with goldman sachs and they're mafia outfit to take down j.p. morgan or something absolutely well they can do that if they use my system of combination short sales and boycotts take down companies left and right that's my system nobody's woken up to and yet it's possible i've got a dream that we're all able to take them out of that's my dream i ever dream of j.p. morgan start going to zero i've been to the moon. you know get there were three. we did. crewing with the stock price is zero well speaking of crashing to zero again the american population has lost all faith and all these elites all of us people in those buildings out there right. inside our

activity is all that laying back or is an exact continue to dump post i.p.o. shares if you're wondering whether shares of might be ready for a balance after their month long slide a clue can be found in the recent trades of company insiders with its recently completed secondary offering found an innovative way to allow its top executives early investors and other insiders and sell off their stakes despite i.p.o. restrictions designed to prevent it again breaking long breaking insiders you broke the law as you see law securities doctor thirty three thirty four in the beginning of the you broke the law you know there's no penalty for lawbreakers even if your son farmville a virtual currency sold to a you know disenfranchised crack mobs at home with no real money to buy groceries or blame the bipartisan strawberries to feed their illegitimate children that's

completely illegal to begin with because you're basically giving it is give the link just like a game they're selling inside a stock that's illegal these are going to dump them or it's our stock when they're holding the. ruach thirty. well horses goldman sachs involved in this this is the bank that arranged for the secondary offering so there is supposed to be a lock up period right period thank you so much that's what i meant to say. it expires they're going to do more and the stock is not worth the paper it's not printed on so here you have these insiders able to extract all this wealth that presumably it's pension funds they already bankrupt pension funds that are dumping money into the pockets. of the founders pension funds are where risk goes to die the stock ends up in these accounts and these retirees they open their monthly check and they go oh i lost some money last month they want to help out up and they

don't know that they got park this ridiculous nonsensical i.p.o. the never existed to begin with now it's worth nothing it's printed in the realm of ponzi schemes it's a virtual ponzi scheme because when one of these with bernie made off they actually cash payments every month and the people came in and they took those money and gave it to the investors they did this for a number of years of those huge ponzi scheme it was in the it's a virtual ponzi scheme there's actually no me virtual dollars coming in for virtual farming a virtual starbury is paid out of virtual farm equipment for virtual people sitting at home in their virtual reality with their you know crack pipes on one side and their virtual dollars on the other side open to make enough money by giving them all their tool and a cup of coffee to take the p. and the fact that they've been disenfranchised stores outsourced and made if you don't get in or come out to me that doesn't respect work or doesn't respect wages only respect speculators and borrowers savers workers olivia of course the other thing about this is that here goldman sachs took a public down already thirty percent insiders are dumping shares and reminds me of

m.f. global which was born out of refco which was the commodities brokerage derivatives trader that goldman sachs took public and it collapsed into zero nothing within six weeks so presumably in this case it collapses to zero within a few more weeks they were already sold that they got out of the insiders made billions just like groupon groupon is a ponzi scheme that went public insiders already sold out tons of stock but think about m.f. global they service real farmers who grow real crops and deal with the real animals and they got taken over by courts on there's a virtual trading nightmare larcenous to a psychopath and he turned it into zero like a single farm ville he turned in the global in the farm bill. it turned into virtual training of virtual vegetables in other words zero in the farmers of the midwest are saying you know what we don't need real potatoes potatoes i need a bill out of you to fill up the river to the. max finally you know that the second

biggest drop in opinion and by the american public is in the presidency and we see on the front of the new york times here shift on executive power let obama bypass rivals with we can't wait as mato finding a way to flex presidential muscle so we can't wait motto he can't wait for the congress which by the way is the lower held a lower opinion than he is they are his presidency but it also reminds me of a story we can't wait to sell our shares so we're going to just bypass the laws and go around the laws go around the constitution go around the schmuck that they are the investors the population the voters those citizens go away from us we can't wait for you people out there you investors you citizens you voters you you congress we can't wait for you the bomb is playing a zynga enabled political features again that he believes congress is something he

can delete he doesn't understand that the real flesh and blood political representatives there this is still what it was like wait a minute did not buy a single dollar trying to get around this congress thing in my virtual presidential game no barack obama it's real stacy ever thanks so much for being on the cause a record thank you max don't go away much more coming your way so stay right there . you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you sure see some other part of it and realize that everything you thought you knew you don't know i'm tom hardy welcome to the big picture.

i welcome back to the kaiser report i'm max kaiser time out of turn to andy it's a penny and he's the co-creator of spiral media dot net and he is handling public relations for occupy wall street he's also had a very interesting past related to a number of different issues andy welcome to the kaiser report nice to be here or any stand panning you are with occupy wall street it's may day traditionally a big day of protests in assembly in the rest of the world but this year in america it's coming to america may day really for in a big way for the first time and talk about that but just to clarify i'm i'm a volunteer with occupy wall street a volunteer with the p.r.

working group and i also do freelance p.r. for this power project i can speak to what i've seen and that is that may day in the united states seem to have a different cultural tenor than some of the european protests it is still rooted in labor but you're seeing all these these branch off really beautiful actions happening in the schools for example where here in new york city bloomberg is having cutbacks to the public schools and as a result certain schools with high populations of homeless students or student with homeless parents are being you know done away with and they're being moved to other school districts with a one school in particular in brooklyn is now walking out as a result and they've now launched a viral you tube video encouraging other students to walk out and so now we're seeing lots of high school students walking out not all of them are going to the central location at union square for the mass rally where they're going to their own. rallying points and having their own assemblies as students to talk about their problems as students so instead of it being this middle class or lower class working blue collar type rally that most people identify with it's also the

struggling young people that maybe aren't even in the workplace yet but they're struggling because they have lack of education talking about their world needs or in you want to talk about the dangers the occupy wall street movement if it succeeds in greece and italy we've seen technocrats put in office but on an individual level andy tells your own story how why did you end up in federal prison on terrorism related charges well i actually went to prison i was arrested in two thousand and four under a very nuance designer statue it called the animal enterprise protection act i was charged with conspiracy and not substantive count underneath the act and then ultimately i was enhanced as a terrorist under the charge given three years in federal prison six and a half months of that time was spent in a terrorist unit the communications management unit and it was it was a pretty harsh ordeal what they allege happened was that we caused physical damage to the company through a variety of tactics and what we did is we organized

a variety of legal styles of protests but they were rowdy they were at times of noxious i'll admit that but what we were doing was protected underneath the first amendment what they decided to do is they came in they superseded with this overarching indictment that said that when we traverse state lines when we go into this federal jurisdiction and using facility in interstate commerce in this case the internet that we were utilize the internet to organize protests in different states simultaneously and because we had this interstate nexus we were now subject to federal laws and so we arrested now a recent law h.r. five eighty nine the so-called ag gag law criminalizes investigative reporting factory farming do you see this as a similar response to the success of journalist for example under the under cover the disco. the pink slime story well there's one particular organization i would encourage anyone to check them out called mercy for animals mercy for animals isn't that so much a protest organization as they are

a group that specializes in undercover investigations to determine what types of cruelty are happening on these oversized factory farms exposing people to it and showing people the truth well the problem is that that truth is resulting in hurt profits for these large companies so these companies now look for a middle age and a group like alec or lobbyist to fight on behalf of them to now push for more nuanced overbroad designer statutes like the a.p.a. or the aid ca that was used against myself my co-defendants and others but now make a new designer statute that targets people doing undercover investigations because that tactic in and of itself is effective and so what you're seeing is the illegality of tactics that are effective and to make a crossover currently for occupy wall street or individuals in oregon they were proposing a bill that would criminalize the use of twitter for the purposes of aggregating people together for protest so if for example a misdemeanor happened at the protest a misdemeanor could be trespass it people were trespassing on a public property or a private property at that protest but that's it the individuals that tweeted about

it that got the people there could be charged with a felony and could face up to five years in prison that is a larger conspiracy not the individual crime of just passed but the person who tweeted about it now could be charged and the seams of come in and by the way that law didn't succeed but it was it was an attempt and it came close and we should pay attention to things like that because as long as you're effective individuals are going to come out of the woods and they're going to try and take your rights away from oakland that's the direction the corporations want to go and you know we've seen many undercover films of chicken farms to factory farms people going to chicken factory farms and they see the horrible conditions and now just taking film of that is considered a terrorist act meantime the farmers are stacking up these these chicken farms like seven or eight story chicken farm condos. basically deaf occasion raining down on the you know the ground floor of the chicken definition condo that's a century i mean this is a petri dish or a litmus test of capitalism as we have it right now if you want to use the example

of what's happening to the chickens it's happening to workers it's happening to other animals on another factory farms it's happening to the natural environment the way that we're just rabidly taking and taking and taking and the reason why is that in this in balance system of capitalism it creates a space where bad behavior is rewarded and so the most predatory instincts in the capital market are rewarded while the people that are trying to do it the right way are falling behind and sometimes being snuffed out entirely example of the mom and pops farms maybe maybe they're not reagan like myself i'm a proud begin but maybe they're not be good but they don't want to abuse the animals to the extent that these factory farms are abusing them and yet now they're out of business because they can't compete with these larger farms that in a limited amount of acreage they decide to build up like a city and have these chickens on top of one another it's almost resembles the matrix or something macabre like that on the financial stair of course is something similar when they stack up layers of debt you know when they can't pay their debts and those are the bottom the chickens were being deaf or catered upon by eight stories of chicken deaf occasion are the people suffering austerity measures and

people like greece and then christine legarde solution is also create another lending facility let's create another layer of debt another layer of interest another layer of austerity and it gets like this forever and ever now during the stop pointing to an animal cruelty campaign which i follow pretty closely when i was out there very interesting in that you put out a mock ten k. or ten q. or any will report for the huntington life sciences corporation that was doing animal testing and it basically put a number to the risk if in fact their company was forced to be in a band with law and moral standards what would the cost p. per share and of course when you put information like that into the public marketplace hedge funds or sovereigns and no one immediately it starts selling the stock short because. see a negative number and they just are twitch they're like chickens themselves and their heads cut up they just twitching at the sell button. i thought that was brilliant and had a remarkable impact and why hasn't more activist taken that approach on

board it seems so remarkably effective i think actually that speaks to the reason why we were indicted they don't want to validate our tactical model if we had one that campaign for example when it in life sciences beleaguered with debt went bankrupt three times they got bailed out eventually by the department of industry and in the u.k. and they have outstanding loan that's owed to fortress securities that some third party has now told fortress don't try to collect the debt and that's unheard of right and so if this company is allowed to exist the only reason why it's allowed to exist or being propped up right now is because they don't want to say that the tactics that we used worked because the moment it works we now indicate that to sell a blueprint or a blueprint for bankruptcy to other activists to use saying seal of approval this thing works go ahead bring it to your campaign whether it be sweatshops and going after nike for using child labor or it could be rain forest action network campaigns or bank of america for mountaintop removal or home foreclosures you're

seeing this tactical model in a degree being applied by some of the rainforest network people and some of the other folks that are doing mountaintop removal in relation to bank of america but you're also seeing it now in the alec campaign the group p.r. watch that's targeted the group the american legislative exchange council the group that now is most notoriously known for writing the stand your ground law that was so used during the argument over the trayvon martin case but that that prompted this outcry that and then put alec on the radar and then they decided let's get corporate divestment from alec let's look at alec like it's an entity and what allows it to exist its corporate sponsors its donors so let's get them all the back out so one by one you start seeing coca-cola back out you start seeing mcdonald's back out you saw all these groups pull out and the reason why is because they didn't want that ugliness of the trayvon my. and shooting attached to them you know and ultimately this this boils down to. profitability on one hand and morality on the other and legality and morality don't necessarily coincide but if you're able

to win people over morally and tactically then profit eventually lose out and that's what the models about is about trying to say we have tactics over here we have morals over here side up with us and we strategically one by one go for these achilles' heels and knock them out and you think these capitalists if they want to be capitalists they would appreciate the competition and act like capitalists when the shack a campaign came out again something lifesciences that around the same time larry rep steyn is a lawyer for washington legal foundation he wrote a legal opinion on this very tactic said it's legal and that he people in the who appreciate capitalism should appreciate this tactic because it's pro-competition other words if you're a company in your in this business and you're not adequately discounting your moral transgressions you risk the wrath of the hedge fund community that's called competition that's called free markets but america hates free markets now they want everything to be mollycoddled every guy on wall street has a big diaper that he puts on every morning and he's allowed to just do whatever he

wants no legal restraint whatsoever and they call that capitalism which is a shame in pennsylvania is against a law for doctors to inform their patients if they have fallen ill due to fracking fluids obviously this is corporatism or fascism why aren't more people outraged by this i think a lot of people don't know about it and one of the reasons why they don't know about it is that some of these these doctors have been served with gag orders saying that they're not supposed to be talking about it some people they just don't want the drama of dealing with a legal case it is a civil case to talk about these things so they try to limit the news before it even comes out you constantly have lobbying efforts whether it be on a grassroots level or a legislative level of corporations trying to dictate the narrative if they know a certain narrative whether it be toxic chemicals that they're pumping into the ground in the way to get you know to fracking to pull an extract natural gas out or . actually inadvertently polluting and destroying the water table and making people sick they know that they're going to have a whole lot of public you know discourse and anger towards them about it and that

would hurt their bottom line and so they're trying to minimize that information before it even gets out so there's an active agency in place to try and limit information for people again a first amendment issue when the first amendment and what's most sinister is they're actually using those rights that they're taking away from us they're using those rights in their own regard to say that we have corporate rights and we need to protect our privacy we need to protect our bottom line and that's why we're doing things this way we're using the legal system to protect our profits all right anya's to pan it at a time thanks so much for being on the kaiser report and good luck with may day yeah and people can stay in touch find out more about mayday especially in new york check out strike everywhere dot net learn about the general strike come down union square four pm that's going to do it for this edition of the kaiser report with me max kaiser and stacey newman our thank my guests and to penny going to send me an e-mail please do so i recorded r t t v dot are you saying by all.

the left the right and almost every political grouping in between are marching in russia this may day over a hundred thousand people are out on the streets. he told his policy in protest against the presidential vote as a boy believe it but that's on it so they the six all the details coming up shortly . with egypt set to vote for its new leader of the country's vital tourist industries hoping dimmock radek world will have a bounce back with concerns however that islam is growing power will stifle it further. and the world's top was a lower julian assange reveals more secrets in another blockbuster interview this time where the new president of tunisia watches later today here on our team.